Member Info for Marcuspd

"No sir end of November was do or die".

End of November is the agreed target and even if missed then, just requires a payment off the loan instead.

It's not really "die", but if GR can't get this plant to 1KT a month in 10 weeks from here, maybe it's time to give up?

"Marcus is there a limit to how much they can ship?

They have the ore sat for processing....if they could get 2000t to ship end of November wouldn't that be nice?"

As they have to produce 1KT per month up until the end of spring, then 2KT per month thereafter, or have to make additional payments to bring the Canmax loan down, I'd be playing it safe and putting a fair bit aside to meet targets and covering issues, breakdowns or downtime when the new ball mill is added.

It depends how confident GR is that they can meet the low set targets month in and month out.

But that debt paid for a working plant, which is ready to be switched on by Monday.

How will KOD finance a plant when it gets to that stage?

I'm a LTH of both Prem and KOD and don't understand the rivalry. I see both as good investments, just with Prem a year or so further down the road, mainly because they took the fast route, which will be littered with problems, as we've seen the last 6 months.

"We have 40 days to process pre processed material and new ore to get 1000 tonnes off to Canmax by 1st nov if we can’t achieve that well let’s see"

You can add another month on to that. The deadline is the END of November, not the start, but I suspect GR is planning this to over achieve, knowing patience from both sides is wearing thin. STARK seem confident and we still have well over 2 months to ship the first 1,000T.

If I was GR, I'd be building a stockpile to cover any downtime when the second mill arrives and is plumbed in and added to production.

"IG still hasn't converted my shares yet. Still showing as SMD and 20% in profit lol grrrr

Anyone got their shares yet?"

Me too Medjed. I'm with IG and have bought MDAI separately a few days ago, which are up a few %.

My SMD are still showing as "call to close".

I'm in no rush now though, as the damage is done. I'm hoping the SP can rise a bit before they convert. Annoying that others are seeing 10.3:1 instead of the 8:1 in the RNS of the deal. Also annoying that it was not explained that the float would be so low the SP could be manipulated so easily and SMD shareholders wouldn't be able to trade for a couple of weeks.

We just have to hope this flies now with the BARDA contract hopefully being signed off.

"Because that 80% for the most part doesnt represent a change in circumstances to all the people who've lost thousands over the last 5 years supporting this heap of crap"

So you bought and sold at the wrong time then? Sorry for your loss. Now is a good time to try again.

It's 50% up on last year and the chart only goes back to July 2021.

There's some right nonsense de-rampers on here.

Nobody seems to want to comment on the +8% SP rise today, or 80% in a month.

This share looks severely under valued to me.

I found this quite useful, for a brief explanation of SEED.

https://www.youtube.com/watch?v=0dD9Z4EfWhE&ab_channel=BizTechAcademy

Interesting that I had to phone IG up to be able to trade in it. They had to enable "Complex Instrument" on my account for my trade to go through.

"RRR Mcap £3m Mcap vs #prem Mcap of £132m".

True, but Prem does have an offtake partner, is fully funded and has a complete plant, which should be producing from Monday, with first monthly shipment of 1000T due by the end of November.

Tin Hill is a few months, to a couple of years behind that, so shares are cheaper for now and market cap much lower.

It gives it huge potential, but a bit further into the future.

Https://www.aquis.eu/stock-exchange/announcements/4271374

As nobody posted it....

"Jason Brewer, Marula Mining PLC CEO said:

“It is very pleasing to see the progress that has been made on the resource drilling and mining works program at the Blesberg Lithium and Tantalum Mine over the past month.

“PDS Drilling are moving ahead at pace and are now almost 75% through the initial 20-hole diamond drilling program. With the core shed now completed on site, the actual core logging, cutting and sampling of the diamond drill core can now start and with spodumene mineralisation having been observed in some of the drill cores, I am looking forward to the commencement of the assay work and first assay results.

“In addition to this ongoing drilling work, we also have the geophysics and multi-spectral satellite imaging work starting across the Blesberg license area and over an additional 1,200km2 license area that we are looking to acquire and expand our footprint in the region. This airborne geophysics and multispectral satellite imaging work should show target areas as broad or bigger than the current area of mining and processing activities.

“I am very pleased with the progress that is being made across so many aspects of the resource drilling exploration and mine planning program at Blesberg and the work that both our Project Manager, Mr Jacques Perold, and our on-site General Manager Operations Southern Africa, Mr Henk van Zyl are overseeing so well. I look forward to updating shareholders on the results of this work in due course.”

video taken in the dark, so they really are pulling out all the stops to get this producing on time.

we now have a working mill, which is going through commissioning and should be processing by monday.

we still have over 2 months to get it producing 1000t a month. even allowing for minor **** ups. i'd say they're way ahead of target for once.

"Demand for Lithium is going to fall"....

Oh come on now. There's de-ramping, then there's pure lies. In the next few years, it's going to rise substantially and the Chinese know it, hence why they're desperately trying to secure supply by throwing $M's to companies like Prem.

For every 1 article you can produce backing up your point, there are at least 10 saying the opposite.

Why the sudden change in posting style? Cashed out and need the price to drop?

Yes, sorry Watcher, Acker.

I’m just a bit grumpy over #SMD and the merger to become #MDAI. Our #SMD shares were supposed to convert at 8:1 to $10 opening MDAI shares. What wasn’t mentioned was that over a week later, #SMD holders would still not have got our #MDAI shares, which apparently now are over 10:1 conversion and currently worth around $4. This puts most #SMD holders at a 50% loss in the merger, where the deal voted on, should have seen a 100% profit.

I learnt a lesson on SPAC mergers and also that tiny floats of shares, where many holders no access, can lead to severe SP manipulation.

"I voted no in the last vote...despite the campaign on here to vote yes. "

Ah, so it was you then? Wasn't the vote something like 87% yes? What did you want a bankrupt company with no funding to get the plant finished and running? ;)

You appear to have done an Acker when he shorted the stock and needed the price to come down to buy back in. Negative flip flopping strikes again.

You need to try harder, the SP is currently up 22% over the last 5 days, is up today and up 12% in the last month.

This SP is down around a third over the last 3 weeks or so. Seems bizarre really, with what's due.

at current pricing, at 10.3 smd to 1 mdai, i've lost over half the pre merger value of the shares.

i suppose i was thinking we'd get the shares as soon as it opened on nasdaq on tuesday, when they were worth $10, not 2 weeks later, when the shorters had rinsed 60% of their value. what a **** up! we've been royally shafted here.

At the current SP and if the 10/1 conversion is correct, my SMD shares are going to make a 50% loss, from looking like at least doubling.

The only saving grace is that I've bought some more as MDAI at $3.709 and they're up already.

I fully expect this to rise now and will be holding with a view to top slice if it gets to making my money back and keping some in.

Bit of a steady decrease of late, but still expecting good news over the coming months.

Looks like it might have bottomed out now and is rising steadily atm. Will be interesting to see what we get for the SMD shares.

Although, IG list the company as "Rosecliff Acquisition Corp I" once you've searched for MDAI and bought Spectral AL inc.

$3.6 Sell and $3.8 Buy now.