Member Info for Jenkoo

‘without even fully understanding the RNS or when or how the shares were sold’

Suggest you read the RNS properly. Made yourself look silly there Markus.

J

Not allowed to write on here what I’m thinking about the underhanded selling and lies

J

Steward- you are right, good vid from Biz and he does have GR sussed

J

Not sure that’s really allowed… as it sounds like advice however that’s massively positive! Needs sharing on media’s for SP awareness

J

Take a read of the comments….. in it someone says…’Dubai hey, best buy some more share hadn’t i’

To which Caracal reply…. ‘You bet!!’

J

Johnny - only thing the interview missed was another meme of him counting 7or8 potential investors out loud.

Sir_Stonks - I think if GR doesn’t get SC6 shipped by December + dilution, holders will push for him to step down. BOD needs strengthening regardless and has done for about a year or so.

I’m not sure if the situation is more ‘farcical’ or ‘comical’ atm.

J

Tread carefully indeed

J

Jam tomorrow folks. Don’t worry, got until November to ship, but may produce in September, but maybe October, but we won’t have enough money without a placement, but BOD has no plans to place, but should be ok because stark are confident, this being the company that haven’t hit a single target they set themselves, but it’s ok cos GR is selling shares but can’t say if he is, or has, even a little or a lot… but we have a lab that can or can not tell us quality and RUS that he wants to get out but can’t because we’re still learning and clearly this has never happened before in mining history….. clear as mud. Shouldn’t have bothered with the interview…. I continue to hold my shares frustrated with enough patience to last until end of October.

J

Buy when no one is interested and sell during the hype. You have the right idea go_ly….. reasons for hype shouldn’t be too far away.

J

Lav - regarding stark and their equipment choices…. The mind boggles. I would suggest that they have got as much wrong as they have right, if not worse…. The Mill was is a 100% failure, Original announcement stated mine was chemical free, the UV sorter is the only thing that will pull them out the sh*t and that was an after though. The secondary mill not included. The Hydrosizer not included…. The list is huge and these are fundamentals.

At least the conveyors work eh! It’s verging on incompetence imho. But I will say that they are at least putting it right…. At huge cost to Prem.

J

Lav, also I want to acknowledge it has been a sh*t show to this point, so I acknowledge why many are not convinced.

J

Lav - to offer an alternate review to your comment ‘Difficult to put a positive spin on the current position’….. I would say:

Issues with the plant are known and solutions to resolve are well understood and widely used (unlike the current mill which was a clear disaster!) Resource has been proved in the lab to the tune of SC6.5 & Prem continue to be funded by a multibillion £ company who will jump at the chance to extend EPO and Li3 once Stark achieve SC6 4K throughput. There is also no plans to go to court over contracts and FM has been removed. New targets of just 1k have been agreed into next year with just 25% of payment used to pay off loan and the rest remaining available for opex. Also plant is not currently running so cash burn is largely reduced (diesel usage minimal) Zulu has an agreed $200m value with no production. As production starts, the value will increase inline with production. Furthermore Stark have taken on external experts to ensure delivery of their plant and GR has shown he is both stubborn and 100% dedicated to the success of Prem and shareholders…. Such that the holderbase agreed to a potential 20% dilution in the face of adversity.

I see many positives for LTH’s and agree the facts need to be acknowledged and understood before investing.

J

Current SP is cheap down here. Problems known and solutions agreed using known tech. We are in a much advanced stage v’s 1 yr ago.

J

Don’t forget, Zulu is the baby… the trial…. The pilot.

Even if it does nothing but break even financially for a year, it will set Prem up incredibly well for EPO, Li3 and anything else GR can leverage with his Zim contacts. Hundreds of millions will be made over the coming years across more plants. Prem is 1 of

What’s damn hilarious is that if Prem can’t deliver the tonnage… it’s likely due to the new mill not being able to do its job…… then GR will issue a Force Majeure 😂😂😂

J

Most likely an intraday for the next RNS given it is a contract that will be signed during working hours across a number of companies and advisers. Impatient will panic, LTH know days mean nothing. However can appreciate another failed GR timescale.

J

Has Snowking left the LSE board? Not seen any comments for a while.

J

Johnny - I think the best way to put my point is that GR will be on his knees to Canmax as opposed to being bent over a table 😁 He has a slight advantage which will help him manage ‘the cost’ damage.

Steward - sounds like Stark are now feeling the pain of the ongoing costs to manage the mine plus major rectifications. Fair play they have not argued it yet.

J

Fair enough Acker. I wasn’t trying to disregard your thoughts, just picking your brains.

JohnnyPC - prem won’t get better terms. Certainly they will favour Canmax with imo 100% offtake and a discount over a longer term across the full 100%.

Considering they don’t want Prem shares, I’d like to know what anyone else considers ’the cost’ to Prem.

Acker - IMO Canmax have done everything they agreed to and they should feel hard done by. Prem are the awkward middle man whilst Stark are the root cause to 80% of todays issues.

J

Acker, what do you forsee the cost will be above and beyond what I mentioned?

GR was not willing to accep a bad deal before. We know this as a fact given his stubborn response and FM decision. Why do you suggest he would have taken a bad deal now?

I also don’t agree that he gave Canmax the advantage when negotiation recommenced. I think if anything it’s the other way round. Canmax flexed their muscles, GR told them to stick it, and they came back to renegotiate.

GR called their bluff and they didn’t walk away like they said they would. Advantage Prem imo.

The game of chess nears a close…… (or maybe not)

J