Member Info for cringsing

The mine will ultimately be successful, but not whilst GR has anything to do with it. He’s a fool, it cannot be put more simply than that.

Remember when he was blaming Stark for being incompetent.

Remember him calling in the A-team of OEM specialists.

Remember him saying production now was “days or weeks away - not weeks or months”

And let not forget that he on each step through the chaotic process, managed to raise more and more cash, to the detriment of already existing holders.

This mine was always going to end up in Chinese ownership (as everything else re minerals for EV’s). Only question I have, has GR been incentivised by the Chinese to bring the mine this close to completion before effectively letting it collapse?

Have the few remaining LTH’s here started practice mandarin yet ?

Amazing that not many are taking this opportunity to sell out at this unexplained lift in the SP.

It’s either balls of steel, or brains of cheese.

This company is in full chinese ownership before Xmas. You heard it here first :-)

Ask yourself this question. Is it likely that the chinese partner via the previous broken contracts and agreements in reality could take over shop tomorrow, but they (the chinese) cleverly have sad back and waited for George to get the plant closer to completion for somebody else’s money ??

See you all in the new year…

Definition of positive panic :

Somebody buys worth £20k, and the SP goes through the roof…

Positive panic is still just that….. Panic.

Only days left now boys……

No sense ?

:-))))

Remember when we were not weeks or months, but days an hours away from producing ??

This particular CEO has sprayed word-diarrhoea here for years. I’ve been trading shares for over 40 years, and never came across a CEO so consistently misdirecting investors, and deflecting his often incredibly stupid decisions…

I (obviously) sold out a long time ago now, but shocked over how many are still long… George isn’t just an unlucky amateur. He’s a proficient manipulator….

Well, for you who still have a few penny left, PANR (recently 145p but targeted by a short campaign) now trading at 26p (up 20% today). They own a huge oil & gas field in Alaska, and have just spudded a new well to test 1bn oil-equivalent reservoir which CONVENIENTLY lies just under the TransAlaska oil pipeline. Why is it up today ? Well Trump said on Saturday that he will prioritise oil & gas coming from Alaska rather than being bought in from abroad….

They are targeting $5 a share and about to move off AIM onto a US exchange (as only dimwits buy AIM shares). But they are still there for those of you who need a recovery option….

Nobody here seem to bother, but there will come a day where he can’t raise more cash. Yeah he has the balls of probably 1000’s small LTH’s, who all know what happens if they don’t find the extra money, and I reckon there may be enough of them to give George what he need for his next 3 pay cheques. But one day, enough people will say this has gone on for too long….

It’s obvious that he was never ‘near’ producing sc6. He simply cant. He has blamed pretty much everybody involved other than himself. If there ever was a lost case, this certainly is a contender.

When PREM collapses, now or next time he wants more money, I sincerely hope you LTH’s have enough balls (and money left) to sue the CEO. He has been filling you with utter bull for several years. It’s just not on !!!

@Nolza

Your analytical scrutiny of the future for Prem, defo made my day.

I don’t want to ruin premonition but thought that I would mention that of the people interested in Prem, there are 2 groups. Those who day-trade the socks off this stock due to the excellent volatility, and those who also believes in Santa. Nice to see the latter group now have a spokes-elf.

Rock bottom before delisted you mean?

I reckon it will inch lower before they call it a day…

Surely this repeat failure company cannot continue to attract money, in parts to pay themselves for the next failure…

interim results - lol

try no results… other than ******* money away…

As I can’t afford to lose money, I left PREM ages ago but pop in occasionally to see how things stand.

I is however apparent that those who treat their holdings as investments are now all gone, so those now left are the folks who likes a bit of gambling.

There will be only one winner though. George Roach.

@Botuney

With respect, the insolvency is obvious. Not sure what you think are zero-facts. People can (and do) count. Not all of us, but some here will know rather accurately what the PREM cash position is…

And yes, they should run out about now. Not a prob as long as some daredevils are happy to pour some more life into George’s pipe dream.

Will there be enough fools to support another round of money grabbing ?

Reading posts here, and observing how many is on first name with the CEO, I reckon there probably is.

Re referring to any CEO by his/her first name, investing is not kids football where it’s normal to be on first name with the coach.

A CEO is a guy YOU are paying to run YOUR company, and being pally with him will not do your retirement any good. His NO interest in you other than your money.

If you however are invested only to have an imaginary CEO friend, it’s obviously ok….

@Jaglith

The chairman ??

Or the COO, or the CFO, or the CTO

No mate, there is only one person running this adventure…

;-)))))

@RLL93

What assets ?

It’s not like a liquidation sale in Slough. The ONLY question in town is this:

Considering the efforts that Stark (and others) have invested into producing SC6, how likely is it that a new owner will fix it and become profitable. Here keep in mind, this is NOT a producing company, and it has struggled for years to become one, no expense spared.

In my view, in the end of the day the ore simply isn’t good enough. Maybe bits of it is, but not adequately consistent to allow automation to run the production.

As many other abandoned mines with kit left to rust, as it’s way too costly to recover and resell, that’s where Zulu is becoming. It’s clearly NOT on a smooth trajectory to start producing.

Many serious investors called for the CEO to step down. He clearly never wanted to. You guys left really need to ask yourself what to do when this is all over, and whether saving a bit isn’t better than losing everything…

“day or weeks, not weeks or months”

CEO - ages ago.

i am ready to scoop up 10m shares at 0.4p and another 20m at 0.3p. i will be so ******* loaded when they in the obvious and vividly apparent absence of lithium find a ton of diamonds.

Buyout ?? That’s the most optimistic statement of the day. But admitted, it is only 9:14am

Only somebody very stupid will buy out a mine that for 18 months has failed to become operational due to ore nature. The ore was clearly never good enough.

Below statement can only mean 1 thing.

“ Enprotec have reviewed and approved this release to the extent that reference is made to the flotation plant. Enprotec is a Multi-disciplinary Engineering.”

It means, “we did exactly what you told us to do, its still not working, but that’s nothing to do with us, so forget about dropping us in your failure as you dropped Stark in it….”

I also like the fact that GR again is asking for money. He plays his owners whilst there still might be a glimmer of hope, as they opposite him are CLUELESS to why the mine can’t get operating. He’s never clear about it, but they clearly can’t get the desired grade. Next, he will call in Santa Claus.

Well boys (no girl is stupid enough to still be invested here), you better go find some more money again, to keep it a running concern…..

Sweetcorn ?

For you guys still holding, I’d recommend cyanide capsules. It’s quick, and relatively pain free…

Or do nothing, and instead be awarded the worst share pickers in a decade.

Not spotting at least 2 years of “writing on the wall” require inhuman amounts of ignorance….

@Thob418

The views (and deeds) of any LTH is irrelevant. The creditors can close down PREM any day they see fit, hire GR as managing director on a salary & bonus model, and you & I can do f-all about it.

Google InterServe. Huge British company with billions worth orderbook. Money runs out, shareholders wiped, new owner steps in, keep most of the management, and the business didn’t lose a heartbeat. Textbook example of preserving jobs and clients.

If Prem isn’t a fully owned Chinese mining business in a matter of weeks, I’ll eat my sweaty boots.

GR isn’t in China to discuss quality of produce, is he. Feeding on the bottom of AIM isn’t easy…