I am very positive on the Prem prospects and the company is as solid as I want it to be..
The timing delay of production is of little relevance but the demand for our products can’t be better. The competition to get hold of the product is producing squeeze in the price of the commodity..
Canmax can stay or go make no difference and even better if Canmax to leave and Prem becomes a target for takeover by other interesting parties..
I cannot blame GR for the delay this time and it could enable the company to produce far more and increased its revenues and profits…
Will the company raise more funds?…it may not as Canmax is not going to rock the boat full of a product they desperately needed…and they know of the market squeeze to get hold of it..
I feel some messages here are exaggerating the issue of the last RNS to interpret it as doom and gloom which is no way near..
Though I was going to only hold for the time being but looking in more details over this long holiday weekend of what’s going on lately with the unjustified massive decline in sp …I will be adding more on the dips when volatility continues this week…
I think there maybe a ploy to get rid of Canmax and get a European or the Americans in…just a thought..as our assets are desperately needed to replace fossil fuel..
I feel Canmax with their massive shareholding investment and financial support will agree on extending or lose PREM much needed products…to the EU or the USA.
I am not that concerned about all this even if GR has to raise as ultimately the rich assets are there to be monetised and be very profitable in the coming 6-12 months..
I am holding and will not panic by these events as all will be revealed soon and should be in our favour in medium to long term…
Canmax can walk away if the want and paid off by another….so what!