Member Info for Laverda

Good find Clapa.

Malpenn, you are providing the negative comment.

It would be good for Prem investors if they sold their shares.

Plas, normally the agreement is 'orderly', not sure if that is enforced.

Donotpanic, if they dump it is positive because you can negotiate with a 100% offtake.

If Canmax dump that is a positive, they lose the offtake so funding would be easier.

Wolf, we know the score everyone who disagrees with you is scum, got the picture.

One or two of you guys correct people when they make an error, many like you wolf do not if it is ramping the share why is that?

Wolf I am interested in the plant technology but this appears to have stuffed that.

Hasiba it is you who make unfounded statements.

Point me to the lithium jorc which supports the claimed resource.

Show me the RNS with SC6.

Explain why an offtake partner who wants lithium is no longer willing to fund the project.

Stark themselves highlight issues with their plant.

You go against RNS, against statements made by George himself.

We should all support your lies?

Trik, pull the plug on Canmax continuing to fund the venture, they have definitely pulled the plug on that.

Mr newbie, there is loads on the net about force majeure it is anything but straightforward, try reading it before you launch an attack.

The legalities around FM seem complicated, the fact Prem was running out of cash and that in the operational timeframe they hit none of their targets, by this I mean not even a much earlier target, appears all to be taken into consideration by the courts if Canmax question the FM.

Wolf, if it is correct what is said below is you can't continue working under FM.

A lot will become clear soon.

But it is not a good position to be in.

Alan have what? They have not one drop of saleable SC6 out of the plant.

The reason Canmax is pulling the plug.

Remember Canmax will know more than we know on site.

Wolf, listen to what has been said regarding FM, it depends on the courts.

Acker re Canmax will return, I fear you may be correct, taking the whole lot off the administrators.

Prem must own the companies which own Zulu, otherwise what do shareholders own?

Therefore after the court case they could take the lot unless a third party steps forward.

Hasiba, it is you who is the troll.

Canmax has done nothing wrong, it fronted 10s of millions of dollars.

Prem failed to deliver. They have been in communication with Prem throughout, for some reason Canmax have been unwilling to do a second agreement after failure of the first.

It is going to take a third party to get this company out of this difficult position.

The question is, what will be left for shareholders after a second deal - assuming that they can get one.

Hasiba, you are dreaming.

Prem does not have a proven resource, there is no jorc.

Prem and Stark have not had any SC6 saleable material from the pilot plant.

Canmax has decided enough is enough and is not providing any more cash. Canmax want lithium so they have not made that decision without good reason.

There are no positives whatsoever.

Wait and see if George can pull a rabbit from his hat, because that is what it is going to take.

Money, Canmax has deep pockets, the legal situation could tie Zulu up, not sure that a financial backer will be quick and easy to find with the sums involved.

So it is which place is the question.

Hope so Acker, would clear a lot of stuff up, hopefully in English.

Rogan, you will have heard that Stark are not without potential liability too if you listened to that interview, so they will want it to proceed, they will not want a court case either.

It does not mean that another company will not step forward, just a bit of reality about the current position.

It is much less than ideal for either Prem or Stark.

Personally listening to the interview it crossed my mind that the two borders were more of a FM. That accounted for 3 months on one trip and they did not give us the timescales lost in the early stages at the border. There were no previous reports of problems on the South African and Zim borders.

I'm trying, exactly right it cannot be the two situations at once.

FM because there is an unforseen issue with the plant, then get the plant working and sell the proceeds while the FM remains in place.

Infinity I think you got muddled with putting the existing tonnage back through a process and what they do with that tonnage.

It would be risky to sell it, especially if Canmax proved in court that it was not FM.

A quick deal elsewhere is the way out, but it is a lot of cash for nothing proven, the reported 20m tonnes is not proven by any method accepted in the wider mining industry, the plant has not produced any quality spodumene, Stark were very careful to emphasise the quality of the material going in before saying they could produce SC6.

Stark said 6 months minimum.

So 40m dollars and minimum 6 months running costs are required from a new backer, with 50% of the offtake going to Canmax.