Member Info for Marcuspd

"Bad news. Simply said there would be a placing at a discount. You refused to believe their would be.

Clutching at straws fella."

Woah, easy tiger! You shorters were telling us that all 5B shares would be issued before the plant was running, diluting the SP by 20%. What the RNS says, is that around a quarter of the allowed placing is seen as enough to carry us to nameplate production. If this happens, the dilution and placing will be only 25% of the doom the recent shorting crew are FUDing over.

"Marcuspd,

Welcome to the real world"

RomanWolf, if this is bad news, why is the SP going up? I thought you lot were waiting for this placing announcement to buy back in or short the share? It's .42 to buy now.

"Live and learn ,live and learn.

Acker"

So the SP should have nose dived then. Why hasn't it?

"C] 1.5 m payment to Canmax."

Here we go again, negative ASSumptions from Captain Now Shorting.

"Very obvious now the way George is burning money ,there will be little or no profit from zulu for a very long time ,to me he has totally lost control of funding"

Sell up and invest elsewhere instead of spouting your nonsense on here then. The profit from that mine is obvious if you sit and work it out. Canmax estimate current value at twice market capitalisation.

This stuff is currently $3265 a metric ton. If this plant end up producing 4,000T a month, Even if only 1,000T a month lines Prem's pockets until Canmax is paid back, that's over $3M a month.

Luckily the US are overseeing the Zimbabwe election this year to make sure the establishment guy wins. :)

And IG. Bought some yesterday.

Christmas arrives earlier every year.

*Now out in the cold

Acker. That's complete guesswork, ran through the same negativity filter that all the other LTH's who sold out not realising GR had sold his shares weeks before it was announced.

You missed 2 things, firstly there were receipts in August, this month of around $2M. Secondly, production should see money coming in and products leaving BEFORE the end of November.

Before you sold most of your shares are are not out in the cold, desperately trying to push the SP down with FUD, you'd have agreed with this. It's so obvious from those who cashed out, it's embarrassing now.

"Very little cash left".

I wish I had the same access to Prem's bank statements as you do Acker.

It would be hilarious if the £1.7M is ample to take us to first shipment, as OPEX are easily going to be less than £130K a week, when the plant isn't even running ATM.

As the ship leaves the dock, we'll all wave at you, as we depart :)

"50000 tonnes per annum is the budgeted amount to repay Suzhou. Additional tonnes per annum will be all benefice."

To repay $36.2M?

50,000T @ $3,280 (current SC6 Spod price) is $164M.

So you're disputing the 2 independent tests on the material is very good grade, at over SC6.5% then? Complete FUD.

The desperation from some is very stinky now.

Acker, as you can see these 2 placements. Can you tell us when and how much?

Maybe you can also tell us the OPEX cost of a plant not running and how much of the £1.7M cash is left?

Being honest here, Isn't is more a case that you're "hoping" for at least one placement, so like Biztech and others, who like you, turned from pro Prem a couple of weeks ago, so you can buy back in without losing out?

"Iky786

The guy has already replied to this question.

See comments under the video."

Iky was right then. So Biztech has sold shares recently and still holds "some".

I'[m going to have a wild stab in the dark and say MOST were sold. The change in agenda with some is so obvious now.

"Biztech in this new video of yours , you didn't confirm (as you always do) if you still hold prem shares???

Personally have enjoy your vids and the balance views, but I've noticed some negative vibes of late which is understandable due to GR, but with the high possibility of sp going down surely you've sold out, to then re-buy in???

Can you comment."

Ah, that makes sense now. I thought the negative vibes were a little too obvious over the last couple of videos too. Pulling GR up on saying mid September, then saying a month from 23rd August isn't mid September, was a bit lame.

It seems an awful lot sold up expecting the £2M share dump, then when the RNS came out, they realised it had already happened.

The shift in agenda from shareholder to seller is so obvious amongst a few now and they tended to be the clearest thinkers and commenters before this. It's now in the interest of many to lower the SP as much as possible with negative interpretation of RNS's and news.

With the plant not in production, OPEX will be fairly low now. Even with 50 staff on an average of say $500 a week, that's only $25,000 a week in wages. $2M will go a long way, even with diesel and other non running OPEX included.

I think a lot are praying on the SP dropping on a share placement, so they can buy back in before production starts, but people need to remember that the vote on share placing was more to show Canmax that GR had a means of paying back their $34M, to strengthen his position. We may not even need a placement yet and certainly not the full 5B shares, which even at todays depressed share price, would realise over $25M.

Correct. The SP drop was idiots who created panic that £2M of shares were going to be dumped, when it had already happened weeks ago.

"Yes Marcuspd placing of whatever size are often snuck in without anyone noticing......🤣"

Well, the "experts" didn't spot over 370,000,000 shares being sold and got annoyed when they found out they'd already been sold, without them being told exactly when it was going to happen.

It's a simple question. Instead of one massive placing, can it be done in smaller placings and does it need forewarning in an RNS, or just after the event, as happened to 370M of GR shares?

Is it possible, as with GR's £1.7/2M share sale, that the placement of whatever size to start with, could be sneaked in a small amount at a time, without anyone noticing until after it had been done again?

Let's face it, nobody noticed £1.7M worth of shares get sold in July, early August until after it was announced.

I presume this has to be RNS'd, but the GR share sales didn't have to warn in advance, which would have effected SP, which he's told to minimise the effect of.

"1) There is a placing incoming - and soon. Some of the newbies in herre are showing their novice status on this"

Maybe, possibly and nobody knows how much or when. Neither does anyone know how much it might affect the SP.

Did GR's £2M sale affect it, or was it FUD on social media which caused people to sell, thinking the price would go down further.

There may well be a placing before shipment at the end of November, but nobody knows for sure how much of the £1.7M of interest free loan is left, nor how much is needed to run a plant not currently running. Choosing wording of an RNS, when they cant even get the dates right, to decide the money was spent before even announced, is guesswork at best.

If the risk is too much still at this price, sell and join the queue of people desperate to see the SP plummet, so they can get back in before production starts and the SP doubles and then some, because trying to jump back in then, will not be the bargain price the shares are now and you full well know this.