Member Info for Bridgedogg1

Is this going to drop every day? When will the financing be announced?

I remember from years ago someone on the council planning committee suggesting that UKOG should have to ring fence £5m to cover the cost of decommissioning, she got shot down.

Last RNS suggested Administration on Friday this week?

Just so I understand, after 1 year there's 68bn mire shares to be issued due to the £2.4n CLNs @ 0.035p?

I believe George, no reason not too. Is that 1 year behind schedule now?

I imagine with the Chinese stack a buyout would be unlikely. I think they are happy with 60% of the project

Hainan to appoint a director soon and get things moving.

Yes sorry the H1 comment referred to Hainans lithium hydroxide plant in China.

Is "First production in H1 2024" stated in the presentation a mistake?

There is the option to wait until funding is sorted but that’s not how you get bags. What will it open at on announcement. Thoughts?

I’d say 0.06 moving up to 0.1p towards spud.

I also wonder whether production funding upon successful drill will be included in the agreement.

Something like 35% for carried drill moving up to 60% for funding. That would put this straight to 0.1p

What is the person proving £40m getting exactly?

The company is worthless, tge project is owned by other parties who control the company. The only thing they will accept is someone coming in to pay for the whole lot. Then they will be happy to give away half the project. Shareholders will be wiped out by 99%. That’s best case senario. Unfortunately no one want to build Nickel mines because it’s over supplied and the price is in the gutter. Companies are paying millions just to mothball existing mines.

I’m yet to see one person set out how the mine will be profitable?

PREM will be fundraising for years to keep it afloat, all under the guise of operational costs that will improve production. See it before many times.

So $10m for 32%.

300% upside taking into account additional £3m.

Misery loves company

So that’s another month of no Spod to canmex. Even if the mine is up and running it’s not going to meet the match target. That’s another month. Questions over April / May. Let’s see how it plays out.

Yes a ‘teacher and part time private investor’ must have lots of contacts on the ground at Zulu

Wow this is exciting. So how much money will prem be making once its in full production?

I’m hoping now that buying pressure moves the dial more easily after the latest churn

Can someone briefly set out the simple, basic economics of the mine once it’s up and running? I doubt any of the hardcore tampers will be able to.

You guys still believing a word he says?

Watch the interview from a year ago when he said you were about to produce lithium and the tge mine had been built without issuing more equity.