Member Info for Bridgedogg1

Biggest positive from today after the director buys was that the huge sells didn’t continue from yesterday. Must of the large on book trades were buys. Seems to be some shenanigans going on keeping the SP at current levels. Once they let it go it should rerate to mid £2s fairly quickly imo

Https://uk.finance.yahoo.com/news/nickel-industries-seeks-investors-indonesia-065407807.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABrwZniLvFzuxgHJ2DNXsVdd0O3qHG-aQIEHmS1VlFHpGWpPa3sYvmBwc44ARQUA3u5LKGuOs6sv14BYrWv-cKKZmx0gb73fs5U-17519bnYRJcyyTn4INEUA-Q5BpLs-3dXodiBpHRptCCpNMf76LK3iVtkMbaoJeaTSnBMnCAC

MMs seem very keen to keep the mid at 185.

Yikes! Something brewing. TR1s will be coming in over tge next week or so.

Yes Frontier expecting a loss over the next 2 years and only got hit by 23%. Puts our 59% drop in perspective.

Are we expecting confirmation of monies received?

All of these large trades going through at mid price, seems to be either MMs swapping shares or two parties made an agreement to switch a sizeable holding off book.

Going back down, prob 7p this week knowing my luck

No large sells going through. A few profit takers to clear and the push over £2.

Surprised this is my best holding today! RNS must be indicative of some sort of financing deal??

Nickel price below $16,000 puts the whole project at risk imo. I don’t think any one stakeholder will want to take this on anymore, they will split the cost and mop up the rest of the equity.

Well happy with this. People will need to get in early imo

Great vote of confidence. Clearly very undervalued at these prices on current fundamentals. I expect insiders are slightly shocked by the £200m wipe off in value due to a £11m write down, a few months project overruns and results slightly ahead of expectations.

It’s not a surprise really. Can stakeholders still have confidence to lend more with the same leadership. It’s my speculation that there was some attempt to cover up the extent of the delays and cost overruns in a bid to access the second tranche of lending prior to this being identified and acknowledged in the RNS.

Settlement of the Advance Purchase Amount should commence no later than 1 November 2023 at a minimum rate of 1,000 tonnes per month on a rolling average basis plus or minus 10% ("Minimum Delivered Product"). If the Minimum Delivered Product does not occur, then Premier will be required to make a cash payment to Canmax ("Cash Settlement") for that month as follows:

1 November 2023 - 28 February 2024

US$1.5 million per month

1 March 2024 - 30 May 2024

US$3 million per month

1 June 2024 until such time as the Advance Purchase Amount plus, interest has been settled in full.

US$4 million per month

If Premier fails to make a second Minimum Delivery Product, the revised interest rate will be adjusted further to 10% per annum from the first date of the next month.

If in any month Premier is unable to supply the Minimum Delivered Product, or make the Cash Settlement set out above, then Canmax will have the following options:

the outstanding balance of the Cash Settlement will be carried forward to the following month, and the interest rate applicable to the outstanding balance of the Advance Purchase Amount will increase to 12% per annum from the first day of the next month; or

the monthly payment will be settled in new ordinary shares in Premier at a conversion price that will be a twenty daily volume-weighted average trading prices of ordinary shares during the last twenty trading days of the month where the Minimum Delivered Product was not delivered (VWAP Period).

The conversion rate will be equal to 90% of the average of the twenty daily volume-weighted average trading prices of ordinary shares during the VWAP Period. The conversion price shall, subject to standard customary adjustments inter alia for changes in Premier's capital structure, be no lower 0.32p per ordinary share.

The renegotiations have already taken place. Original product was due in May 2023. The contract is now in place for exactly what happens if shipments are missed. Suggest people read that RNS. I have no idea why people think there would be another renegotiation. If product isn’t delivered the existing terms will be triggered, most likely resulting in a payment in shares for £1.5m per month. Also the RNS states the payments / product are due from the beggining of Nov not the end.

Just briefly can you explain the the high all in costs and is this likely to go down?

Https://www.dmr.nd.gov/oilgas/mpr/2023_09.pdf

The 6 Athena Slawson wells produced a total 100 bopd in September, plus the gas. Not sure if these are the once we have bought into?

You’ve counted the write downs twice, that’s the reason for the difference vs last year, it’s factored n to the figures.

Might have taken it down to capture the large sell at 170. Could be free to move up now after expecting bounce off 175. Fundamentals out the window atm, it all about which II is selling and how much is left. Clearly massive value at these levels but all needs to clear out first. I’m in now rather than waiting.