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Funny how according to some on here mutare is worth more than Zulu, and yet li3 sold 50% of it for a couple 100k. I believe it’s was 200k. A prem fundraising must have already been arranged, then a dinner with some shareholders, and now the pump starts so the shares can be sold.
Yup. pretty massive move up today. only down 41% on the 6 months. and 80% on the 12 month chart. George is just telling people that he's looking at export permits so he can generate some trading volume ahead of the fund raise to pay for all the new equipment that has to be paid for.
Stewart - I'm sure George has already called Snowking and asked him for his vote at the EGM. I'd suggest GR asks for 70 billion shares. that would give PREM a cool 100 billion shares in issue. and that way, when George is doing placing at .01 it will give him enough shares to play with
Acker - George can't go big. the AGM gave him 4.5 billion shares. he has already used up 1.8 billion on the two raises. that leaves 2.7 billion. CMC usually want a 20% discount. So that's a raise at 0.13. So the max George can raise before he maxes out the sharecap is 3.51 million. But he has to give China Zenith 1.35 million USD. So that leaves 2.51 million GPB that George can raise if he went big and maxed it out this week. That is barely a month of wages and diesel. Not including the extra costs for the OEMs.
George should finally start panicking. PREM has been a cash for him and family. but the end is finally nearing.
If there was even a remote chance of sc5/6 being produced the price would have spiked. You can see info is ‘leaking’ to certain shareholders and if the price is not spiking that means Zulu is producing unsaleable product. Last year George also released some videos from the floatation circuit. Turns out it was talc