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Making what stuff up? In numerous recent interviews George has indicated that prem has significant expenses and now debt. And the only way to find financing is to raise funds. Prem is not producing so no bank loans, and no one is going to pay for some sc2 that’s been a laying around .
Hahahahahahaahahahahhahahahahahahahahahahahah. This should drop below the placing price by the end of the week. always does. just in time for the next placing that George is working on. As he said, he's always open to doing a placing. just like the Friday one
Next week George will finally admit that the sorters issue is bigger than he initially thought. And it will be some update along the lines ‘the floatation circuit works as intended but the sorters are proving a challenge. Anzaplant have been consulted, and new sorters will need to be ordered’. Then George will announce another placing. You can see how selective he is now with the information he provides.
Acker - are you thinking ‘another placing’ exciting? The piping and valves and new equipment must not be cheap. Plus paying Goddard. As George said, you had to pay for the equipment upfront and then you have to pay all the import duties etc…
George tells the market that starting next week, PREM will be producing sc6 at full capacity and the market doesn't even bother shrugging. Not sure even George believes the hot air that comes out of his mouth now.
Bargain - that 2.5 million was until December. What about the work from January to April? Was Goddard working for free all those months? Also, did George tell you it was deferred? the funding was to pay for the equipment and machinery. George will flood the market and max out the shares in the coming weeks to pay Goddard and China Zenith
The china zenith lawsuit is another 800 million shares and Goddard is 1.2 billion shares. So that’s already over 4 billion in less than a week. George might have to call the EGM in April at this rate. He loves his discounted placing.
And the best part is 100% George knew what he was doing yesterday. Only did a 2 million raise to make shareholders think he cares about limiting dilution so retail would buy, and then dump another 500 million shares into the selling. George has zero shame
Oh sorry. I meant EGM.
Nothing in George’s stories make sense anymore. He needs to replace the valves and pipes to help with how much sc6 they can recover. So he’s implying that the plant produces sc6. But in the RNS yesterday he confirmed that no sc6 has been produced. George can’t keep up with all the stuff he says. Anything to get the next placing done.
Nelly - look how far prem has fallen that a placing at .16 will be considered a massive success and snowking will be on here saying how George is a master dealmaker and was able to negotiate a placing at .16. Ha
Only 11% down following the update. shorting this is like shorting fish in the barrel. ;) and this is before the billions and billions of shares being dumped on the market. This placing might be sub .10 if George waits a few more days.