The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
El-Jelousboy. ",Prem is hanging on just its very disputable weather they survive beyond Nov l personally have my reservations"
What is it which makes you think Prem won't survive 2 months? Is it the £9M of revenue just created, the extra £5M which Canmax have invested, the additional £10M GR could create in share issues or that fact that you're one of the worst case of FUD spreaders on this forum?
What price do you need to short this share to? Maybe it's that it should soon and be producing a very valuable commodity and has a very involved offtake partner, that all the ducks are lining up and you can't get back in without making a loss, even at the current SP?
You're 1 more silly post away from being added to the green box KODers club.
I take it we won't see the £4M of shares being admitted as below and wont know if they've been admitted yet or when?
The SP has moved a bit, but the Buy price has sat at around .44p for a couple of days on IG.
"Application will be made for the Placing Shares to be admitted to trading on AIM and admission is expected to take place on or around 31 August 2023."
"When Premier commercializes the EPO region and has Li3 operational and other assets contributing I shall be looking at 25/30p per share for Premier, that is my long-term target.
Acker"
Captain Flip=Flop is back in and no longer shorting then! LOL.
I admire your optimism of a 5000% + increase.
"Marcuspd - fair point but you have to remember that it was only at the end of May that Prem were saying that there would be some 13,000T produced by the end of November. At that point, they knew that there was an issue and apparently had a solution. Clearly, they didn't have a grasp of the issue(s).
We now have GR introduce the need for a 'thickener' into the mix... let's see if that becomes more or less critical to production in the next month or 2.
Forgive me for my scepticism (once bitten/twice shy, etc) but there is still an air of deja vu around Prem and particularly GR's pronouncements.
I still think that it's only a matter of time before they get to producing 1,000T (and they now have the cash to see them and Stark through) but I, for one, am not reassured by GR's utterances!!!"
Yeah, I get that. I'm hoping the plant upgrades with the addition of the thickener, UV sorter and Hydrosizer, plus the eventual Ball and Rod mills working together, will be worth the wait.
Canmax getting more involved, only suggests to me that one way or another, this will end up a success.
In GR's defence, had he gone the full DFS route, where these mistakes would not have been made, we also wouldn't yet have a plant almost ready to produce. I think the initial projections were way to optimistic and allowed no time for the lessons which hopefully have been learnt for future projects, both for Stark and Prem.
We have 12 weeks to ship the first 1,000T, with the RHA mill already being on site and the new Ball Mill supposedly reaching South Africa by November.
I suspect the now revised down to 1,000T a month RHA rod mill, along with the already processed, but needs re-floating piles of ore, will be enough to carry us through to the new Ball Mill, at the end of the year.
As far as i remember, we only need to keep shipping 1,000T until the end of My next year, giving us around 6 months to setup the Ball Mill. Surely even Prem can't screw that up?
"The amount of "share price to 1p by (insert date here)" and "We just need Sc6, then it's off to the moon!".
Why are you an LTH then? It's been over a penny only a few months ago and wasn't even producing then. When it does, where do you expect the SP to be? I'd expect over 1p shortly after the first shipment. At nameplate production or higher, 2p plus. I don't think those estimations are far off considering Canmax value Zulu alone, in the current state at $200M, when market cap isn't even 2/3rds of that .
“ Struggling to see why we have gone to all the expense of moving the RHA mill, (therefore making the RHA plant into scrap by doing so) if the “ex works” ( whatever that means) ball mill will be available end of November, all for the sake of 1000t/ month maybe by the end of the year by which time the plant will be no doubt stopped again to install the Ball mill. We’d have been better simply making payments against the prepayment instead. Just seems an expensive and pointless exercise for 2 months production at best.”.
You’ve not listened properly to much of the issues rises there. Firstly the new ball mill will be in SA by November. It’s won’t be at Zulu and commissioned for a while after that, although the plant will have all mounts and services ready and waiting.
Secondly, the RHA rod mill will work alongside the new ball mill, not just instead of.
"Heard it all before…".
Be fair now. The thickener is the first we've heard, as is the new ball mill being in SA by the end of November.
Canmax sound like they just want SC6 and are helping Prem along with it, rather than a takeover.
Stark are clearly low on cash flow, but still taking responsibility.
It seems all involved are confident of the project now, but some are still wary due to GR.
In all fairness, where do you think we'd be now, if he'd gone the full DFS route? Still looking for funding?
Give him a break. A few months and it should be making good money. Miss out if you like, your choice.
Elliselbow. Nowhere near what I expected.
It's been pretty much .44p to buy all day on IG, after the brief .46p first thing.
For the last week it's hovered mainly between .44-.45p.
We were told on here that it would be mid .30's this week by the usual negative crowd.
Seems pretty stable to me, considering these doomsday placings and loans.
Well, the SP is barely budging, trade has tailed off, people are holding on or waiting for a lower price to buy in.
So, this initial placing of £5M to the institutional investor, was to be brought to the market on or around the 31st.
How will this .35p placing affect SP? Surely a 5% dilution should lower the SP by 5%ish?
Sounds like the days of STARK coughing up to sort the issues out are over too.
"and any shortfall in remedial expenses not met by the plant supplier "
Seems an odd one as they've not yet delivered a plant capable of meeting the design remit.
There is talk of a ball mill and thickener going in by the end of the year though and moving the temporary RHA mill won't have been cheap.
It sounds like this plant will soon be expanded, once production gets near nameplate. I can see Canmax wanting all of the pieces of pie in that one. If they currently value the plant as is at £200M, then surely that's a 2p buy out?
Stockbox interview being done over the extra £5M funding.
https://twitter.com/StockBoxMedia/status/1696809012874949075
"You would think with that volume of buying the SP would rise
# of Trades 187
Vol Sold 40,278,569
Vol Bought 138,269,338"
Yep. Thought the same. The 20 minute out of date list on here, shows vastly more buys and chunky ones too. If Prem is giving away a few £M of shares at .35p, they wont want the SP to go much higher, as that's quite some discount as things stand. MM's in play here by the look of things.
Agro, you do realise the media lies to you and is used to control society, don’t you?
Will you be queueing up for your “super turbo Covid ++ booster” this winter?
Just remember, the difference between “conspiracy”
And reality, is around six months as we approach The Great Reset 2030. Mocking those who point out establishment agenda, just shows how you’ve fallen hook, line and sinker for their media led control system, designed to suppress opposition, by programming you to mock anyone not complying with their agenda.
Food for thought, so think critically whilst it’s still allowed..
plasmernan, you also said they don’t need garages, then went in to say the brakes are prone to seizing on.
i restore older german petrol cars as a hobby and have full porsche piwis 2 diagnostics. i may invest in lithium, but still prefer petrol cars to ev.
and yes, i’ve seen quite a few electric cars lose considerable speed without any brake light function. personally, i think they’re dangerous.
china is starting to treat them as disposable cars, due to battery pack cost when failed. coupled with most electric being produced by fossil fuels, only a fool would fall for the better for the planet bull****.
A lot of sells in the last few minutes. Google shows it dropping from .46 to .43p at 16.30.
Still 4.6% up on the day though, so not bad.
I'm still awaiting the shorters doom and gloom mid .30's predicted last week, so I can get back in under .37 again with the half I took out for safe keeping.