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Does anybody know the timescale of the refining process of the plant? When ore is fed into the initial crusher, how long should it take, when the plant is optimised, for SC 6/6.5 to be bagged off, 2, 4, 8, 16, 24hrs? Or days? Just trying to better understand what’s involved.
Iky- the conspiracy theorists will read that as maybe he’s going to subsequently announce he’s stepping down as CEO? 😂😂🤷🏻♂️
Yes Marcus, There’s some pressure building in the SP, need either way will see the SP move quickly either way, but which way we’ll have to wait and see, even if it’s as Acker says, neutral, I still think it will move one way or the other, 5-10 % . Bit like Watcher’s outlook, boom or bust
Tygra- this being Pre, and GR being ‘in charge’ I’m not holding my breath for 29th RNS, wouldn’t be surprised if doesn’t materialise - I’m just trying to manage my own expectations here, we’ve all been here before🤷🏻♂️
Watcher- I, and many more on here, are with you not trusting GR👍🏻
…. or is it ‘Fake news’?
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.