Member Info for Jenkoo

I believe Stark sold all of their shares after they created hype on Twitter and then closed all their accounts.

They were struggling for cash at the time, and almost certainly still are, especially having haemorrhaged money through Zulu. This is also the reason why I don’t feel this will end up in court. Even if Prem can find cash to do I t, Stark have nothing to give.

J

I did mention MM games or an RNS logged. Seems it was the latter.

J

Acker - really pleased today!

J

StockBox interview to follow.

J

Getting rid of Stark is equivalent to directly targeting and eradicating the root cause of the issues created since design concept. This imho is the best RNS Prem have released in the last year and I see this as a defining point in Prems fortune. Finally some substantial positive news.

J

It’s likely neither a pump or news. Just MM’s playing games.

Average trade price is low, as is volume.

At best, an RNS is logged.

J

Normally when GR and Twitter goes silent, things are not going to plan. I’m concerned at the lack of communication, the high costs inclusive of Goddard, and also the lack of ore on the ROMpad. There is almost certainly going to be another request for a raise or a loan.

I dare not sum up the total amount of £millions lost and dilution caused due to Starks incompetence.

LTH’s would be driving lambo’s by now!

The rollercoaster continues. At least lithium prices are going in the right direction. Ironically, the only thing that GR does not have control of.

J

Acker - we are aligned.

J

Acker - I think 2025 we see SC6 price beyond $3k/pt which is why I would not sell Zulu now.

J

Snowking - A welcomed rise and long May it continue.

I personally feel that GR and Prem have navigated through the worst times (no need to review why) and if they can produce SC6, then let the good times roll. As lith prices rebound, they fund the continued exploration of EPO and Mature project without the risk of dilution, thus taking learnings into Plant 2 whilst holding Canmax’ hand

J

Lithium price is on the floor. This is prime time for big players to buy Zulu. On the contrary, this is also not the time for GR to be selling Zulu. (Unless offer is ludicrous)

J

Careful what you wish for and all that Roger …..

board are terrible. Shocking rns but not entirely surprising.

J

Feb delivery relies not only on the mil being delivered, installed and tested, but also then the beginning of the flotation optimisation. The a further week is required for actual production. Majority of which is being undertaken or lead by Stark..... (say no more)

As other have mentioned Feb is unlikely and March much more likely. Place your bets.....

J

In the event GR gets a delivery to Canmax by end of Q1, the SP will see a quick recovery to 0.5 and will continue to rise in line with increased throughput/quality and Lithium prices.

In the event delivery is closer to Q3 (which is more my expectation) the continued SP decline will result in rapidly more dilution, unless a loan can be arranged. This will make the over investment much less attractive unless Lithium prices see a strong rise, therefore getting back towards a penny will be difficult 2024.

If Prem cant deliver by Q3, i would suggest selling current zulu plant and local area, use the cash to pay back Canmax and debts, and more onto EPO with a clean slate and learnings.

At this stage its a gamble, however history is not looking favorable due to Starks incompetency as the supply. However this plays out, you will look back at this SP and either begrudge yourself for not selling, or begrudge yourself for not buying more.

All IMO. Desperately hope they pull it out the bag...

J

Generally depends on what and who they know... Only time will tell. High risk, High reward at its panicle.

J

First post on this BB. Looks like new interest in GBP coming through. Really looking forward to seeing how this plays out with the new BoD and how their ideas and strategies will be realised with their networks available. Any positive news hand-in-hand with potential could see a quick move.

J

Ellis - If that is the reason, then fair play to GR. I just hate to see cash burn in an area of the business to get ahead, when the problematic area is so far behind. Particularly when it comes at the cost of dilution.

Nice to see the twitter feed coming alive again. Not saying it tells us much, but good to see the pictures of progress.

J

Furthermore, I disagree with GR that continuing to mine The ore body at full pact is a good decision that will pay back. The dilution this has caused will have to be suffered forever whereas Prem could have used that cash to protect their cash OPEX and worked the ore body In line with plant throughout and cash revenues (upon achieving them).

I hope this comes good soon. It’s been a painful journey.

J

Dropping back to the teens is very very likely upon funding announcement. As Romanwolf highlights, GR has planted the seed. Mining the ore body is expensive and stark are borderline incompetent. Q2 earliest delivery imo.

J

Cheap alternative doesnt come into it for me Raadaar.... A supplier has been paid to design and install a solution capable of 4k tonnes per month... endof.

Cost or alternate solutions does not come into it contractually with Stark. Contracts of supply are the foundations of business. (Assuming GR has not contractually accepted a whole load of responsibility for the design)

J