Member Info for Bridgedogg1

Well that is one big seller that doesn't have any more left. Seems like if you were going to sell you would have already.

I see that WPP saw a decline in N America and the tech and digital services was their worst performing sector down 9%. Doesn't bode well for us. We may have to wait until H1 update for some good news.

This is going to need something new to get us past the 12.5 hurdle i think

The ex entitlement date for the open offer is 7 May so anyone buying now will get an option for more shares at 1p. It looks like some of the new placing shares, including the director shares will begin trading on 7th May, does this mean they will be able to take part in the open offer as well as the discounted placing? If so thats a bit cheeky IMO.

Wow we have a floatation plant quality inspector on the board. Must have provided some extensive technical observations in the past relating to this

*check posting history*

Not so much. Are you sure you are being honest with us?

No date was mentioned but ‘soon’. I was expecting before end April.

I thought the share issues for M&A were coming to an end?

It’s definitely a mess but getting production up and running has to be the first step in sorting it out. Everyday it’s not we are accumulating more debt to Camnex, that why I see yesterdays video as good news. We are already priced in with the debt.

Although I personally think you will be missing out on a lot of the recovery gains if you wait for the presentation on Thursday. But the share price should rise steadily for the next few years atleast

Referring to Traxpern

Good luck with your investment Silver

3 trolls, things must be looking up

“The Board is however now confident the combination of this £6.5m Placing, the £2m Open Offer and the £13m local authority loan is sufficient for working capital and capital expenditure needs over the next few years.”

Personally I've been warning about Prem for 12 months. The constant delays, lies, missed deadlines, debt, raisings etc. Its all a nightmare. But the last placing seems to be enough to now get the plant operational and producing SC6.. This is the key turning point, and while it seems like there have been a lot of those I've never bought into them before. The idea that 'this time its different' - we have new contractors on site, we have been told what needs changing, have seen the equipment arrive and now seen the plant up and running. The share price is at a 3 year low and very little of what is posted on here impacts that. 95% of those on this board are either already holders or lost out and bitter on prior share price performance (or both). I hope holders, including myself can see the value being realised here and maintained upwards trajectory.

Silver, this has been covered: "The programme is proceeding to plan. We expect all but one of the furnaces for our £50m sales p.a to be on site by mid-year. The issue with the last furnace relates to our site expansion rather than the machine itself. The protracted negotiations regarding the site expansion have now been concluded enabling the last furnace to progress."

I've only just noticed the short increase 24 April. A fairly bold move at this stage. Companies at around our mcap always seem to get targeted. We need to demonstrate the commercial appeal of the science soon.

What the 10/4 RNS said:

Throughput

“In original test work, mica content was estimated at 17%. In early processing actual mica content is closer to 27%. This is currently restricting throughput to approximately 26 tons per hour of dry solids and the theoretical SC6 output is 4.5 ton per hour until certain pumps and valves in the mica section are upgraded. The OEM expects these components to be at site over the course of April to enable an increase in throughput to the target rate of approximately 37 tons per hour.”

Grade and Recovery

“Whilst the plant has demonstrated its capability to produce SC6 to grade, it is not able to do so consistently and achieve the desired and required recoveries at present. The reasons include circulation between float cells, resident time in float cells, and "in cell" slurry density. Our Zulu engineering team in conjunction with the OEM team has identified both the cause and the remedy and is in the process of attending to flow changes between the various floatation cells. This problem is expected to be rectified in the coming weeks.”

Now we are in May and it does seem that these key issues have been resolved. Waiting on an RNS to confirm but for those following we have some hope that this at-last be coming together.

Yes it could be all lies, hence we are at 0.19p rather than 1p, but we have seen the equipment on site and the mine subsequently running. If you wait for official confirmation then it will cost a lot more to buy/add than at the current 3 year lows.

The directors will be keen to restore confidence. We’ve already been told that operational performance is improving, we need to know:

- scrap reducing,

- Plant availability

- Delivery arrears

- Furnace installation and improvements

-new contract awards?

I wonder 💭 f the 2023 audited results will be released before the meeting. If not then we can expect another update later in May.

The mcap looks very cheap considering the £13m ringfenced capx loan available, with now £6m cash and huge orders in the books waiting to be fulfilled. These should accelerate our move in to profit.

This is a very fast growing company, the order book has moved from a few million to £75m annually in just a couple of years.

“ The Board is acutely aware of shareholder frustrations with the need for this Fundraising, not least given the proximity to the previous equity fundraise completed by the Company in Q4-2023, but the Directors do therefore want to remind Shareholders of:

- the automotive market drivers and recent progress with the Company's OEM customers;

- the Company's manufacturing strategy including progress on installing new capacity; and

- how such drivers and progress translate into recent and forecast revenues.”

Very little on the way of delayed trades considering the shear number of buys that failed to move up the Ask. Hopefully open up tomorrow and the buying continues. Silly prices down here now.

I disagree. He did a video setting out what was needed, we say the equipment arriving via twitter and now a video saying they are installed and to show plant operating. It’s not a slam dunk by a long shot, but atleast we are getting regular updates now.

I wish it was the sell on news brigade but it’s clearly the seller who hasn’t gone and isn’t letting up.

Everyone has been asking for an update from the site. We’ve just had one.

I’m not GRs biggest fan but atleast we got something. All up and running for some time.