Member Info for Anglebox788

Watcher- Is there anything that you don’t have a conspiracy theory on? You make many valid and relevant arguments on the current situation in Prem then you suddenly go off on a tangent which you conspire to apply to lithium. Why do you do that? Keep it relevant

Jaglith …. And installed and running 🤞🏻

Yes Jaglith, how low will it go? At this rate we’re soon to be at the placing price of .35 or below. Meanwhile Kod racing away on rumour and we’re in free fall, no wonder the Kod trolls spent all weekend making mischief on this site, this needs to turn upwards pretty soon but struggling to see that happening until first shipment, goodness knows what the price will be by then. With better, honest , timely communication by GR over the last 6 months the price could have held high .9s but we are now paying the price for all the untruths and misinformation, the skids are firmly strapped beneath this company at the moment. We desperately need an honest, competent, experienced and trustworthy CEO.

El-gelboy

To add a little balance GR has since said the priority lies with production rather than the DFS, but hey, it’s really difficult to believe anything he says of late🤷🏻‍♂️

Marcus of

“ Plus, the Chinese like to deal in face to face meetings, to gain trust.”

There’s two things that don’t go together, GR and the word trust

Or are the MMS fishing for shareholders stop losses? Seems odd share price has dropped 11% today, with over £10m in bank and 2 months from start of production, doesn’t add up to me 🤷🏻‍♂️

Thanks BristolBlade I had missed that, this must therefore put the plant well above nameplate to the 125% figure muted by Stark

Does that include payments to Stark and the mining company and repaying GR loan? I think not, that will be additional placing in the not too distant future. I was unimpressed by the Stockbox, as I simply cannot trust a word he says anymore, even the RNS’s are so cryptically written so as to be open to interpretation. I’m still expecting some unpleasant surprises from him either through incompetence or duplicity.

Struggling to see why we have gone to all the expense of moving the RHA mill, (therefore making the RHA plant into scrap by doing so) if the “ex works” ( whatever that means) ball mill will be available end of November, all for the sake of 1000t/ month maybe by the end of the year by which time the plant will be no doubt stopped again to install the Ball mill. We’d have been better simply making payments against the prepayment instead. Just seems an expensive and pointless exercise for 2 months production at best.

Are we still paying Stark and Goddard in shares on top of this, plus GR loan to repay,?

Fair point Devils advocate, but I’m sure nobody here is saying they,as an individual, could necessarily run the company batter than GR, but many of us believe there are many professional CEOs out there that could do the job far more efficiently and truthfully, and it is that which we all “shout” for. This is no longer a small family business with somebody’s Dad running the team, it’s now ‘Premier’ league and deserves a manager/CEO of the same calibre.

Yes, most of the issues we now face would have been foreseen and handled better with a competent CEO and affective board rather than sleepwalking into crashing the bus, repeatedly.

If we’re still a going concern at that point Acker, as you say, the bumpy ride to continue for quite a while

The SP is now on a serious slide. GR sees private investors as parasites, after all when we buy and sell shares on the open market none of the money goes to the company. The only way the company benefits from share sales is when it issues new ones and that’s the only source of income at the moment. Because he has a monopoly of power over the company he can increase his personal wealth by granting himself a bonus or wage rise which, as Acker hinted, is no doubt in the pipeline. His assertion that he would “love” to be able to grant a dividend is another falsehood, he’d much rather give himself and his cronies a huge bonus instead. I’m with Steward1, he needs to go, we need a professional CEO and board that know how to run a profitable mine for the benefit of the owners of the company i.e. the shareholders.

GR sees this as HIS company, we private investors are just parasites feeding off it.

Sorry, but of a rant, but patience is wearing perilously thin.

Thanks Steve, I always value your videos. I thought the minimum Canmax would but Prem for was .56p after 5B dilution and 200m MCap valuation. Where does the .32 come from?

Devil and Willie- it’s all very well praising CEO for recovering the car crash with Canmax, but you have to remember he was the driver who crashed the car in the first place with his constant trouble with the truth and the slap shot open contract he has allowed Stark to operate under. Not a single timescale has been met, every time he opens his mouth the SP plummets because the market doesn’t believe a word he’s saying. He speaks very eloquently about the plant and the processes but has no grip on the reality of the gulf between the theory of production and the mechanics of actually doing it. Without his constant untruths and missed delivery dates the SP would be >1p. GR didn’t deliver the vote at the SGM, we the shareholders did. Those shareholders deserve a competent CEO to run the show, how do we get one?

Typical Prem, here we are wasting our time discussing the minutiae when we want to be discussing the Canmax deal details. Still what else would we do on a wet miserable morning (in Yorkshire anyway)

Straightntrue - good point, would have been best to anounce details of agreement then sell on the crest of the SP spike🤦🏻‍♂️

Gaza- not currently producing as all hands on deck reconfiguring the plant to fit the RHA rod mill/ball mill so production stopped but it sounds like they’re still working on stripping and preparing the pit

Whatever the cloud of the SP on Monday it’s will be to do with what happens today, not Friday. I’m guessing it could swing dramatically one way of the other, and there seems to be little consensus on here which way, I’m going blue Monday. Hold tight everyone, scream if you want to go faster and higher 👍🏻🤞🏻