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Then the 5 Million trader switched to BUY at 08:14:41 and guess what.... The price started increasing.

James Goozee with a TR-1 increase....

I think I prefer to hear from a major shareholder of 5.34% of the company... who has never sold !!!

Than the scum that appears on these BB when a share price drops... Looking forward to tomorrow

Exactly what we said this afternoon.....

Moreover, it noted — and this is my best translation of the Chinese — ‘once Zulu’s pilot plant is operational it should supply lithium concentrate products to the company according to the agreement.’

It still believes that Zulu will produce the required lithium and appears to want to both have its cake and eat it. If it wanted out fully, it would just say that — this is another negotiating tactic in a tit-for-tat that is good for neither party.

As I write this article, Canmax has sent out an RNS equivalent on the Shenzen stock exchange announcing it is terminating the pre-payment agreement but is keeping its shares in the company alongside offtake rights. Further, it acknowledged that getting the pre-payment back would be complex.

The genius is that correcting the faults — or a complete remedy — will take 16 weeks, with the parts ‘not immediately available.’ The FM can last for a maximum of six months — but remember that the FM has ‘de facto’ been in place since 25 May 2023, leaving the end date as 25 November 2023.

PREM is relying on two terms in the original agreement, within section 12.1:

disruption or breakdown of storage plants, terminals, equipment, machinery, or other facilities, which are not in the ordinary course of business.

Shortages, failure, unavailability, or inability to obtain machinery, materials, supplies, plant or equipment, water, fuel, transportation, or power, which are not in the ordinary course of business.

Https://investingstrategy.co.uk/stock-tips/premier-african-minerals-classic-ftse-aim-case-study/?amp=1

EL-BOY, a trader which buys and sells is linked to GR ???

Explain your logical, if you were wise you would follow this trader..over the past few days this trader as been buying as they see value and selling when the price is spiking.

Absolutely not... They sent their proposal on Friday, there was no time to negotiate and that was their intention.

Therefore the RNS on Monday, no dialogue this week. Prem sent their mark up and Canmax decided no to negotiate.. they are clearly playing hardball.

What you need to think about is that Prem have gain an almost production environment in place for costs supported by a very low interest rate.

Look at the interest rate that retail companies in the UK are agreeing to for finance... Our rates are massively beneficial with Canmax, they are a large shareholder... Until they are selling I am not interested in "theories"

Our 5 Million trader was an immediate buyer at the first drop, so the theory of Canmax dumping via the 5 Million "trader" are totally wrong. This trader was a pre-programed BoT to keep the share price with their range..

Reading the RNS... Prem should be fully prepared for this situation and will show they were.

PREM reached out to Canmax repeatedly but Canmax sent their "best and final offer" on Friday.

Our BoD would have seen their lack of engagement throughout the week and engaged with other interested partners

Look at what we have... Almost at production and a "Prepayment Loan" at a very very low interest rate.

We have product in demand, the costs of our product has rapidly increased so I am slightly surprised that Canmax has exited but the interview earlier in the week suggested they would.

Our market cap is extremely low based on assets... Stark will fix the problems and then we will be a producer and have stock piles to resolve short term issues.

I totally believe that George was keeping an Ace up his sleeve for this situation.....The grades of our products from the Zimbabwe lab, release it shortly to show we have a high grade of SC, which will only be increased with Starks modifications.

Starks interview will be very telling to hear their view and timescales... It's not as if we are waiting for the Zimbabwe government to return some magical diamond that were lost years ago, we have raw material and it will get to market...

I am reading it as Canmax will NOT be selling their shares in PREM and once the Zulu plant is fully operational we can repay the "Prepayment* with our product.

Anyone notice this key point. ?

2. the termination of contract with not affect the prem shares owned by canmax. and once zulu plant us operating as normal, prem should supply canmax as per contract agreement

..

Canmax to Prem: We want all your product BUT if you let us down with agreed timescales again after fixes have been installed then we want CLN as security.

Prem to Stark: This is costing us dearly with our relationship with Canmax. How are you going to ensure that full production will be reached and resolve any failures within the previous design.

Prem to Canmax: Okay we will insert some guarantees and new V2 of the agreement will be created and agreed.

Then another company takes Canmax's place...and Prem continues with Zulu

BUT...

Who can Canmax turn to to fill their raw material shortage ? In the very immediate short term...??

Puma your view is based on NO demand for our product.. and no other companies within the currently constraint supply chain would be interested in paying the repayment to replace Canmax.

Why would Canmax want the amendment to include that 100% of our output goes to them ? 🤔

Some posts this morning are implying that Prem will go into liquidation if they can't agree a deal with Canmax.

Very interested to hear from these posters to confirm where they see the current "Prepayment" from Canmax being shown on the balance sheet.

As this point is key is proving their comments are without merit..

The prepayment is NOT secured against Zulu and Canmax have no method to control Zulu, unless they buy Prem as a full entity.

negotiations are in progress... canmax chanced their arm with their starting position.

documents are marked up and exchanged, then we negotiate again.

george didn't accept canmax amendments conditions.. if the company was truly on its **** ( as the derampers want you to believe ) he would have accepted..

they will be movement from each side and we will be shown the v2 of the required amendments

Nope... Over the past few days the 5M trader also has been appearing on the "Ask" side as well.

They are in control of the price direction at the moment.