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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 👍🏻🤞🏻
Morning All, does anybody with connections to the WhatsApp and Telegram groups know if they have been rallied to vote for the proposed dilution? I appreciate we SHOULD find out soon enough now but this is Prem after all, nothing is straight forward ……
Presumably if Canmax are planning to stay around long term they may vote ‘Yes’ to headroom allowing themselves to take a greater share at a discounted placing as part of this current friendly negotiation 🤔
Clueless- good point, or maybe intraday RNS before interview release🤔
All we want to hear is the truth and nothing but the truth, simple.
NO lies, NO rhetoric, NO false promises, if he wants us all to vote- FOR.
We need some positive news very shortly to get the SP up considerably so that if/when there’s a placing it can be at a better rate raising the required cash for less dilution. 🤞🏻🤞🏻
Morning Wullie- using HL web page not the App, log into your account, on your Home Screen in the panel on the right headed ‘Secure messages’, there is a sub heading ‘Shareholder meetings’ click the ‘view shareholder meetings’ link and follow the instructions. Very straight forward from there, if you hold shares in more that one account you will need to cast votes in each one for your votes to have maximum effect 👍🏻
Wife and I voted through HL, very easy👍🏻 That should swing it in our favour.
Down to you George to get us out of this mess, no more untruths and BS. Remember we private investors deserve respect too, we’re giving you the head room, use it wisely and don’t shoot us in the back.
Acker-
Great substantive posts on Force Majeur, your quotations clearly cover the current issues with the plant. Thank you
It would appear the shareholders are going to be asked to bankroll the company again. Could this be done with a rights issue so existing shareholders can get some benefit rather than a discounted placing for some unknown benefactor to get all the benefit of a cheap entry? I’m not that keen on my shares simply being diluted again.
Would be good for a respected board member of Prem to do a public presentation to explain the pros and cons of the method and reasons for a raise, and a TRUTHFUL assessment of where we stand. Is it one vote per share at the EGM or one vote per investor? How do you register your vote/s?
Help from the long term holders on the board would be appreciated.
Indeed Acker, but have we all been good girls and boys🤔
I am very impressed with how quickly and efficiently Stark have set about the task of the plant revisions. To have sourced, transported, reconfigured the existing plant to accept it and finally installed what looks like two very large pieces of machinery in the time they have is nothing short of heroic. I appreciate their reputation is at stake but they still deserve a great deal of credit for the achievement.
Horult not hourly
Hourly-
I think the sorter already installed is an x ray sorter early in the plant which is already working, the UV sorter is part of the Stark upgrades which will be a factor in increasing nameplate production to the 125% once integrated and fine tuned.
Wolf-
Did you mean “none-DFS route?”