Member Info for Bridgedogg1

Bobsocks

lol

First of all you agree that I am right and Canmex have paid for £34m flog product up front?

Second, yes premier now ‘share’ in the profit of the production of the hydroxide. But what share? And are tre details of the hybrid pricing agreement?

There is no detail on anything. This is a public company!

“George stood up to them and gave them a slap.”

Don’t make me laugh. Remember in June when Prem were put in force majeure? They had George over a barrel and you think the terms of the renegotiated contact was good for Prem???

The requirement for Prem to produce was pushed back to November and Prem got a share of the hydroxide sale. What did Canmex get in return, considering it was Prem were in breach of contract. Well we weren’t told exactly what it all meant, and it was spun as a positive, but I suspect the ‘hybrid pricing’ will not be good for Prem.

Look I’m not invested here. But I honestly think this company is worthless. It will lose money hand over fist for the next 12 months. After that if all depends on the Lithium price but it need to be very high to make a profit from such a proven incapable outfit. Canmex thinks so too. They can opt for shares for the outstanding payments but have decided to wait for cash. I wonder why. Good luck to you all.

You’ve kindly linked it for me

‘ The essential elements of the amended agreement remain the same as the original agreement entered into in August 2022, save that the parties have agreed to a revised product supply schedule (and alternative arrangements) in respect of the prepayment of $34.6-million plus accrued interest.’

This amount has already been prepaid for, as stated. How much will they make out of the profit share? What were the amendments to the pricing and how does it impact PREMs financials moving forward? How is prem going to pay back all the money it owes?

So how much will prem be making once it’s in full production?

I assume everyone jumping in yesterday understands the terms of the pre purchase agreement, that over one years product at full production has already been paid for? So not only does the company have

£2m director loan

£1.5m to Canmex monthly since Nov 23

Unlikely to reach full production for a few months, assuming all goes well

There will be no income from the sales for over 12 months from now.

How will the debts be settled?

How will the cost of production be met?

So there is an issue with a pump that doesn’t meet specification- new pump required.

There isn’t much minned ore because they have been ‘on a break’?! Why at this crucial stage?

More time costs.

Quota will not be met this month.

Once ( if) everythihg thing is working fine can a ramper let me know how much profit Prem will be making at current Spod price? I predict no one can even guess.

How much does Prem owe now?

How much of the project does Prem own?

The blind following the blind.

So delays, equipment still required, more costs, more debt. Another month of not hitting target. I predict insufficient Spod produced for atleast 3 more months

Yea sorry, 88e has never hit comercial oil.

Musk15

Other than the points mentioned, many will buy in on the run up to a drill hoping for easy profit. Then get out before the risk kicks in. This hasn’t had much if any of a spike and we are in the riskiest part of the drilling where things can go wrong before the flow test is attempted, let alone waiting on the results. So people are selling now.

Another point is whether the market will understand the significance of a few hundred bopd coming out from thousands of feet below the Alaskan ice.

Didn’t George guarantee another update before the eve of Feb in both interview and RNS?

It’s just like him to sit on good news. He’d never delay telling the bad news. Trust him completely.

Timberrrrrr

88e have never hit oil.

Hundreds of millions wasted.

The market cap is already over inflated.

The recent jump from 2.4p gives you 15% more.

There’s always a lot more dilution to come.

Delayed payments from JV partner.

12 month suspension of Peregrin.

Companies that are being banded around as saviours have already walked away from their own nickel projects in the past 6 months.

In other words administration

So when is the rights issue expected to be announced?

It’s difficult to see how this can go down from here.Any speculation that JOG might look at other assets with the £30m or it just going to be held for capex on tie backs?

I was here back in the IW1 days. After so many failed drills 88e had categorically proved that they can not find oil in Alaska. The mcap is much higher though. That’s AIM for you, people happy and willing to bet on holes drilled on the over side of the world, long May it continue.

He lied again, what a shocker. Those spiked in due to lose 50% in short order.

In the interview we were told financing ‘in the coming months’. I don’t think it’s imminent but I do think it’s coming and it’s going to be a huge multibagger inducing RNS. Get in now but may require a little patience.

Getting past and holding beyond 0.4p is the target for me this week.

Yeh, look at the chart. This is way down at the bottom.

This is a debt shell

Gas prices spike for 18 months so massive tax on oil for years. Makes sense.

All priced in with initial £6 target. Is there wasn’t the extra tax you wouldn’t be able to buy at this price.

Should be paying over .34 tomorrow