Member Info for GoldDuck

Raydar - yes I was talking about the most recent extension. Good that you agree that no concessions were made - hence evidence that Graham has a much improved relationship with Canmax.

Jaglith - don't project your bitterness onto me. Are you so insecure in your own own choices you feel the need to tell me what I think? You lost your own money, own it.

Placing or not, Canmax will extend the longstop and Graham will see Zulu onto production.

Raydar - what concessions were made when the extension in January was made?

Correct, the non dilutive options were bad which is why they didn't proceed.

Yes you have made your opinion clear. There is no need for you to keep repeating yourself until there is new information to discuss.

Funny, English is not my number one language yet I have better grasp of it than you.

The word 'want' is not an absolute, it is a preference. Contemporaneously everything I said was accurate. Non dilutive options were available but the terms deemed not acceptable.

On the flip side, you just said 100% Zulu will not produce, like you said 100% they would call in their debt, and 100% the lights would be off on the 1st of Jan.

You lost your money. Tough. Your drivel will not change the what happens on the ground.

That's fine, there is plenty of evidence but you can choose to ignore it.

Time after time I read that canmax would be calling in the debt and the lights would be turned.

Time after time there actions were to the contrary. Converted debt to equity. Extended the longstop without concessions. We will see. And another extension will be announced shortly.

Take responsibility for your own loss. And your words here will not change any outcome.

That's fine, there is plenty of evidence but you can choose to ignore it.

Time after time I read that canmax would be calling in the debt and the lights would be turned.

Time after time there actions were to the contrary. Converted debt to equity. Extended the longstop without concessions. We will see. And another extension will be announced shortly.

Take responsibility for your own loss. And your words here will not change any outcome.

Boring boring.

Graham is slowly but surely moving PREM in the right direction. The floatation issues are being resolved at Zulu. The relationship mended with Canmax. And the bureaucracy navigated with Zim.

Nothing you say in your 1000s of posts will change the outcome, that this will be seen into production.

It is not so healthy to be so bitter. You lost money. Take responsibility, and learn to move on.

"That means you were closely following prem for years while having no shares. A little weird"

Oh my joglith, surely this irony isn't lost on you! 😆

The show goes on:

- MAH signed off as going concern having seen satisfactory comms that Canmax will be extending the LongStop.

- Expect that announcement PRETTY soon

- Miners already stockpiling ore. Next run on plan to begin end of July.

- Like your British buses say, you wait for one but they all come together. There are clear paths for Spodumene, Tantalum and Tungsten.

A slow process, but each module working as expected (importantly inc the xinhai float)

Early signs from the on site lab looking good :)

Nothing is being rushed, patience needed for official updates.

We are at the end of the beginning.

Good progress. Production on the horizon.

We all know there will be placings, but it's several steps forward for each step back now.

Even with dilution this will multibag. And as much as the naysayers will kick and scream, Graham is not George.

Excellent investment opportunity.

Pre production prem was $200m+.

Spod was ~5000 then, it's ~2200 now. So the equivalent would be ~$88m.

That's ~22x from where we are. Even if there is full dilution (conservative) we're looking at ~7/8x from here.

Bullishy on the other hand, spod is in an upward trend , Tantalum is in high demand, and so is Tungsten.

The bitters harp on about legacy issues while Graham quietly gets on with delivering. :)

Jaglith

You said the *only* thing that Graham had done was destroy shareholder value.

I outlined some other significant things that he has done.

Yes I understand market cap. I understand that pre production prem was $200m+.

Spod was 5000 then, it's 2200 now. So the equivalent would be $88m.

That's 22x from where we are. Even if there is full dilution we're looking at 7/8x from here.

But, spod continues to climb, tantalum is demand, so is tungsten. We're out of the woods. Onwards and upwards :)

Canmax relationship on the up.

Longstop extended with no concession.

Payment arrangement sorted with Goddard.

Plant purchased and delivered (some claimed it didn't even exist).

But Graham has *only* destroyed shareholder value?

As we enter a period of news rich activity, day by day the risk mitigates and the reward inflates.

Payment made to Goddard.

No, it doesn't to (and won't) be RNS'd.

If anyone thinks they're in breach, go ahead and report them. No one is stopping you.

You have a nasty habit of putting words in people's mouth and telling them what they think.

Canmax are fine letting PREM sort out Zulu themselves. It is there prerogative to not provide further funding due to issues with prior individuals. Graham will have to remedy that frosty relationship. Which he already is I might add, evidenced by an extended long stop with no concessions.

Do I think the mcap will drop when he spends £1m ? No not really. I think once we hear official confirmation the plant is on the way the mcap will increase.

Glass houses. The outlook is pretty positive from my view whereas according to you bailiffs had stripped the mine and Canmax were taking it for pennies.

A non dilutive option was and is preferable. I don't have rose tinted glasses though, just saying what I know. 100% offtake is tied up to Canmax so options are limited as to what can be offered to interested parties. And Canmax won't put in anymore funds due to there legacy issues with the prior CEO. So here we are.

As far as what's next and where we go.... well it gets interesting. I wonder what narrative you'll pivot to when we see the plant is en route.

Plant reserved, not yet ordered, but just a formality now.

Goddard payment also accounted for in raise.

Shareholders standing up for themselves :)

We are still in the tunnel. But I can see the light.

Canmax are entitled to all spod produced at Zulu until the debt is settled.

50% offtake due until debt repaid.

&

50% offtake due in perpetuity while Canmax maintain 13.28% shareholding.

Unofficially Canmax are not thinking about the build of a hydroxide plant at the moment. They want to see consistent production before they entertain that.

Long stop extended.

Goddard arrangement (with their boots on the ground looking well beyond the longstop).

Financing in conversation with a CFO in place.

Oh, and a special well done to the shareholders ;)

Well glad to see you admit you were wrong.

I would question what you think changed and why Canmax didn't call in the debt. Why do you think they would extend the longstop without any concessions?