Member Info for Marcuspd

"Why is the mill not on the way already?".

Didn't GR explain this? It's a huge operation and needed dismantling into smaller parts first as it weighs up to 60 tons and the road to RHA is not as good as it used to be. They also had to get a 60 ton crane there to load it onto lorries.

He said it's now dismantled and loaded onto lorries and quite literally has wheels under it. I suspect it will be en route and there is a couple of days. From there though, rebuilding and commissioning it could take a few weeks.

As far as I could work out, it's just the RHA mill we're waiting on now. I should imagine it will be a few weeks before this is in and producing. Mid September was the estimated target from what I remember.

Unless we can start re-floating the processed stuff again, but GR was mentioning about starting the floatation process from scratch to get it as efficient as possible.

Once operating, it sounds like this might be worth hanging in for the long term though, as it may be well exceeding grade and quantity of the original design.

Material comfortably can make SC6/SC6.5+. It sounds like it's just the plant tweaks holding us back really now.

Once the RHA mill is in and configured, things should really start rolling now.

As they're getting through the weathered surface material, the material they're mining underneath is very, very good quality and the UV sorters, which work very well, don't have a huge amount to do. Lab is up and running, but atomic absorption machine has had to go back to manufacturer as it wasn't reading correctly. It's expected to be back in 7-10 days.

Hydrosizer helped but didn't resolve. RHA mill can be converted to ball mill and speeded up. Currently dismantled and ready to start the journey from RHA.

Throwing STARK under the bus, by the sound of it.

The vote passed then.

Wall to wall large sells and still the price hold firm. So much manipulation going on with this share of late.

I'm back in. Lost 10% holdings for panicking first thing this morning and selling at peak dip.

Live and learn.

All this talk of doom, gloom and uncertainty and the SP has hardly budged all day, with volume riht down and everyone staying put.

Well, everyone but me, who bottled it when it dropped this morning and sold at 0.485p and is now facing losing a chunk to buy back in. Oops!

Yep, seems there wasn't a single trade from 09.44 to 10.27, almost 45 minutes later.

Very odd and not something I've seen with PREM before.

Am I seeing this correctly? The last trade showing on Google. IG etc is showing 09.44, over 35 minutes ago?

This was the message 9 days ago...

"With improvements through ongoing optimisation and a refloating of concentrates produced to date, we expect that the plant will produce spodumene to SC6 grade as we have already demonstrated in our on-site laboratory.

Further updates are expected in the near term in regard to the plant operations and production forecasts."

It's been 9 days. Patience.

Jaglith, as of the last RNS, 9 days ago and counting.... "optimisation and full commissioning has not yet been concluded".

This was BEFORE the RHA mill was installed and commissioned, as it was still en route.. You know this, so why are you banging this drum again?

At least let them finish optimising the new kit and temporary mill, before you start pouring doom and gloom on the plant's capabilities. We know the raw material is capable and STARK are confident they can make the upgrades plant do it once optimised.

" only thing we know is that the current set up does not produce saleable sc6."

We don't know that. You're ASSuming because you've not yet been told. We do know why we weren't meeting this target and changes have been made to filter out the Mica and contaminates. I suspect they'll want to announce quality and quantity at the same time, so we're waiting on the RHA mill being commissioned into the plant as a temporary fall over until the OG mill is upgraded.

"For the last time.

If only canmax vote against, then in order to have 75% of votes in favour to win then you need 3x 13.1% to vote in favour. That is 40% of votes HELD."

Thick as mince. If only Canmax and their 13.1% vote against, then if everyone votes for, that would be 86.9%.

You only need another 12% from this remaining 86.9% of shareholders to vote with them, for the vote to go against.

As it stands, GR and another hold just over the same as Canmax and are voting for, so Canmax will be cancelled out. It's up to 75% of the rest, not 405, to vote for.

Even a root vegetable should be able to understand this. Nobody is this stupid, you're just winding people with an IQ over 50 up, Time to filter, along with Lav.

Climbing nicely now. Maybe some news on the horizon?

"Marcus

Ask yourself why the major holders didnt outvote canmax last time?"

Because, Trigger, most didn't vote. You'd know this if you paid a blind bit of attention to GR#s interview.

"That is why we need 40% of the vote INCLUDING the majors to get 75% of the votes cast ie 3x canmax 13.1%"

You're either t4rolling me, or as thick as mince. I can't work out which, but 40% will never win a vote needing 75%, when 13% will be voting one way and just above that, voting the other. They cancel each other out. 3/4 of the voters are small holders and 3/4 of them need to vote in favour to stop Canmax getting more leverage. It's not rocket science and the 40%, or 3 times Canmax is a complete mathematical nonsense.

This site was vastly improved by filtering Lavatory, it looks like another troll needs filtering too.

"So there are 17.1% held by major investors leaving 23% of us needing to vote to make up 40% (3x13.1%)".

What use is 40% ? The major investors will just nullify Canmax's vote. Of the rest cast, we need 75% of the votes to be for the motion.

"Marcus

3x13.1. = 39.3%. Not 50%

Another Dianne abbot student….or just in a rush"

Kind of irrelevant, 40 or 50%, it's still not enough. We need around 6 times more than Canmax's vote, not 3 times.

This time at least, the non Canmax shareholders are rallying and making the effort to vote, to stop Canmax gaining leverage in any negotiations over normal share holder interests. Of the non Canmax shareholders, we still need around 85% of them to vote and vote for. to achieve 75% of total votes cast.