Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Frankly despite all the issues, voting no is not an option at this stage. Only those with interests in seeing Prem share price sink will consider voting no, and while they may contirbute to this board (constantly) with their concerns that is part of their own agenda. No one who wants to do well with Prem can afford to vote no. I am confident once we have gotten through this difficult period an EGM requesting Gerorge R to step down will not be necessary and he will step down but an EGM can still be called after the AGM for those that want it. Right now, the prioirty is to get through this period, get into production, get some debt funding, get paid and then replicate this elsewhere. Right now getting through is the only option. Saying no to the resolutions puts this all in jeapordy
Jaglith - are you invested in Prem? I rarely bother with delving into people's posting history but your continuous comments and negativity made me take a look at yours. You have called it right on many occasions but you haven't once made a positive comment about any of the situation with Prem... what's your plan here? Why have you been bashing Prem non-stop? Honest question.
Not sure that's a necessary comment. We are all as disappointed in the story so far. Let's not turn on each other. We all want the best outcome which is a producing mine in which we are all beneficial shareholders. Don't we?
While I share your concern Acker the mob really is in effect a mere handful of opinions on the bulletin board. Constant commentary from the same Individuals doesn't reflect the opinions of the shareholder base. I have said it before and I believe we are in agreement. He will see this through and then step aside, knowing he has run his course. I hope that will be at the AGM. There should be no changes before this. I think Canmax see the bigger picture of the epo. Sc6 is possible, their own geologists have inspected the situation and agree. The plant does need to work and the new plan l, with hurdles to overcome, can come good in a short time. Lithium prices are expected to pick up q1l2 2024 as stocks need replenishment. Not ideal that we didn't get it right first time. Not ideal how stark and gr communicated. But I beleiv3 withered will be a conclusion that works ultimately so that GR can leave with his accomplishment of bringing zulu to production. This is important to him.
I understand all that. GR has and always has been GR. He is slippery and that is polite. But Canmax, who have people on the ground are not some Mickey Mouse outfit. They have geoliogists and a significant stake in this - slippery as GR may be these people are there have been there and invested in this. They know what we do not and only guess at. That is why I remain. It might be going sideways and south atm but I fail to believe that these guys have had the wool pulled over their eyes. They supported and continued with us post the force majure incident (GR being slippery) when they could have made things difficult. We assume they are unhappy with the change in direction but yet we have no evidence. I am inclined to believe that they have been on-site, seen that things are working and optimisation is on track and therefore given the go-ahead to move on the new mill install sooner rather than later because they see the bigger picture and that is more important to them than holding Prem to account for 1000 +/- 10% short term November and December requirements. Stark has a lot of reputation riding on this - they have stated all is well with the plant, the Chinese have been, but uncertainty prevails because of the silence. This concerns me but equally, I remain of the conclusion that things might not be as bad as we mere PI's are thinking. I have been here many years, and been to many Chesterfield meets - I know what GR is. I agree with Acker - Canmax is the golden goose and will support us to fruition.... and this is still the start of Prem - ZULU is the beginning. GR will go, not yet but he will go once he has proved to the market and himself that he has done this - IMHO. Good luck to all of us long suffering and battered share holders, I wish us all the best. GR has too much riding on this too..
This will be the first chesterfield visit I've not been able to attend. And it's probably the most important. There's no 4g where I am either so have had to drive 25 mins just to get a quick update on things. Look forward to hearing updates from those that attend. Thanks
So as a long term holder for over 6 years now and a regular visitor to the lse board I have only recently started to block others who I consider trolls. I always believed in listening to all opinions whether I agree or not. Daz was the first. Today I take a quick look on lse and I think the sites down. All I see is green... hmm
And also highlights despite many misgivings why GR has been the right mam to get this to this stage. He has needed help for a while but there is a point at which he has done enough to establish the business and he needs to step sideways to allow those with the experience to take the business to the next stage to step in. Once we sort out corporate governance and have an acceptable board then the ii will start taking us seriously. 😉