The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
He would have to answer the question ‘is Zulu producing’ and since the answer is no, an interview would just result in the price dropping. If you saw snowkings comments about pausing producing it’s clear that’s George has let certain folks know there’s no production.
Snowking - it wasn't mentioned in neither the interview or RNS so interesting that you know. Also, you posting 'maybe a pause is needed' just means PREM told you that no production is happening at the moment. by July there will be two additional placings and another 4 million to Goddard. So an EGM will be required by the end of June.
Oh. Did anyone see the KOD update. Projected 65 mil capex with an initial production of 125k/year. Using DMS sorting tech. George has already spent upwards of that, hasn’t produced an ounce, projected name plate production is only 40k/year and is only now getting around to ordering the DMS sorters but has no money to buy them.
Shareabel - I heard the same thing last month from those that bought at .17. Thinking they were so so clever. They are down 10% in a month. A good entry price will be following the next massive placing at between .10-.12.
The reason people are underwater is because of George and his mistruths and mismanagement. Maybe those underwater should take action and remove George. That would be a better course of action than pleasantries on a message board.
Sharebel - guessing you bought this week, mistimed your trade and are now sitting on a loss. Don’t get bitter. It’s like those ads on buses. Investments can go up or down. With George is safer to short as they usually go down.
It will go much lower. The plant doesn’t work and George is just delaying admitting it. It’s like he just watched a YouTube video about lithium mining and ordered some parts with Stark and asked them to ‘connect the parts’. George knows the plant doesn’t work, that’s why he’s all of a sudden talking about rha. And soon he’ll be talking about gold sampling. Anything to keep the gravy train going
George must have let some know that there is no production happening. Anyone claiming 1st shipment is just someone who bought this week and is now worried. They don’t know George just makes things up and puts it into an rns. Remember when he told everyone that MNH was shipping. And then he told everyone that there was an issue with the loading bay. And then he stopped talking about MNH. That’s George.
Acker - last year when there a move to replace George the exact argument you’re making was made. Don’t rock the boat. We’re super close. It’s critical period. Give George one last chance. A year later, George is still learning about how a lithium plant is supposed to look like, forgot what telling the truth sounds like, and diluting shareholders by the week, all the while not producing one ounce of product. Why are you rewarding failure and mismanagement?
When George did the placing in April he followed with another one a day after. With the selling yesterday and today at .15 which is below the placing price, this could be forward selling for the next placing George is working on.
There are going to be some massive after hours sells printed the next couple days. That will be Goddard selling at a loss while George promises them additional (and exclusive) work on Li3. Personally I would still wait for the next placing before buying. you might get .12 or fingers crossed .10 or below. Now that is a good entry.
How much % is required to call an EGM to vote George out. it's not a lot i think. Something like 5% of total shares. so around 1.5 billion. if there are a couple holders with a few hundred million that are fed up with George, they could easily get the support to request an EGM to vote George out
Acker - don't agree at all. last year you were posting sp predictions based on your analysis and understanding of workings of PREM. you were not even remotely close to what has actually occurred. Does that mean you also have a total misunderstanding of PREM?
Usually takes a few days for PREM to drop below the placing price. Not anymore. Those who participated in today's placing at .16 are already sitting on a loss. CMC must be kicking themselves for agreeing to .16. Rookie mistake falling for GR's hot air and mistruths.
I feel that the larger shareholders must be fed up with George and all his hot air and dilution. They invested serious money and all they got in return from George is false promises and a crashing share price. If they move against George, he's done for. On May 9th, Snowking posted that he "got 7.5 m at 0.183 and 1 m at 0.185". already down 10% on those buys in less than 2 weeks. And now with the EGM and 10 billions shares coming in June/July, this will continue to crash.