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Interesting developments:
htTps://wtop.com/world/2023/11/latest-peace-talks-between-ethiopias-government-and-oromo-militants-break-up-without-an-agreement/
Praying that the EG can get the OLA to the negotiation table ASAP.
Third time lucky.
Extract from RNS today:
Premier is now considering an early cessation of current plant operations with the longer-term goal of production at design capacity not being unnecessarily delayed. The result is likely to be that no shipments of concentrate will now be made in November and December 2023.
Premier is consulting with its Offtake and Prepayment Partner in this regard, who have several options under these circumstances that include a requirement for an interim payment of US$1.5 million in respect of each month when the product commitment is not met, as fully described in the announcement of 15 August 2023.
From RNS dated 3/11/23
"Passing adequate tonnage of correctly sized material to the floatation section of the plant has highlighted various other ongoing ore sorter, instrumentation and material flow challenges that Stark International Projects Limited ("Stark"), the operator of the plant, is currently addressing."
The above has contributed to the drop as well.
Risky investment until above sorted.
000000's
Consolidation looks to be favourite. As for the sp getting anywhere under it's own steam near to the 1.6p for the warrants is looking slim as we can all see.
Will things change for the better or worse as we progress?
Disagree. If there was strong support, we would/should be flying. Does not matter about shareholders selling. The assets and commitment is there so we are led to believe.
We have lost the support of new shareholders as they are not interested.
Trust needs to be gained.