The new mill hasn't even been built yet, it's due ex works end of this month so it's highly unlikely it will get to Zulu before the end of the year. I'd say mid January at the earliest, will then need installing and optimising and the plant will require additional optimisation too. There'll also no doubt be additional issues with the plant as it won't have been running so those gremlins are going to start appearing once more. I very much doubt there'll be any production in January, let alone 4000 tonnes.
The begging bowl will be out soon, if it isn't already, with GR looking to raise the full amount he has headroom for. I would expect Goddards have submitted invoices so they can get their shares ASAP and get them sold, according to the telegramp group they're invoicing around $500k a month, that'll be a lot of shares at these levels. City will negotiate a massive discount on the placing as GR will be desperate to keep the lights on. Call for an EGM early December to raise the headroom by another 15 billion shares or so. I'd suggest that shareholders get together so that you can add a motion for the EGM to ask for a vote on the removal of George Greville Roach as a director of the company, unless of course he does the decent thing am resigns but we all know that won't happen.
You were all warned, Stark clearly knew and started selling at the earliest opportunity. No amount of spin can sort this clusterfuk of a project to make it a viable investment case. Snowking and Deadeye no doubt got the nod hence their twisting the facts in the telegramp group. How could anyone possibly believe anything they say anymore
I saw that attempt to rally the troops too Romanwolf. Even if every single large volume sell over the last couple of sessions was Stark, they still wouldn't have sold out. At best they've churned through half so there's plenty more to hit the sell side yet. I'd be surprised if the managed to get through them all this week.
Goingtomoonufo, Axker is not to my knowledge in the telegramp group, as much as he sways with rampy to derampy positions he does provide balance to the board and should be listened to in order to form a balanced view on PREM.
Has started, the dissenters have been banished and now Noel is managing expectations, one said "Tony / Snowking has disappeared" Noel says "He's around. Probably want to switch off for a bit." Too right Noel, busy counting his profits from "Geofffrey Leak Madderson" telling him Stark are selling at a price after a nice dinner, cigars and Brandy so he got in early and made his money. Noel saying NOMAD may block news. That's right Noel blame the NOMAD the mug punters will believe that something is coming but the NOMAD wants more before release. George not replying to Noels emails so maybe things not too rosy and Noel is dying inside having to defend GR knowing its all going to the dogs. Deadeye doing his best after school homework without research defending George cos he's busy.
This is an absolute cluster Fu*k the telegramp group know it, everyone here apart from maybe Hasiba who is yet to wake up from his deluded hallucinations, knows it. The next news is not going to be good, November target missed, cashburn more significant than expected, Goddards invoices EGM for early December to raise the headroom.
There are no positives here right now, the contractor paid in shares is selling, large shareholders are taking their profits, the telegramp group are in wild disorder banishing people left right and centre. Would anyone really want to be buying into such a manipulated story yhat quite frankly is destined for short to medium term failure?
Yoglwt, ask Starks Geoffrey "Ramptastic" Madderson or should that be Geoffrey "what shall we leak to look good Dead Eye Ollie Beaky?" Madderson, they're selling around 1/2 billion shares so should be able to answer your question
Telegramp group preferati now trying to rally the troops with talk if the new mill being installed right now. They're really scraping the bottom of the barrel to get their exit price. Noel, the mill hasn't even been built yet! George used his usual cautious I've no idea statement "expected ex works and I emphasise Ex works" look up what ex works means Noel and stop lying to the mug punters
Wolf, being a member of the telegramp group has its benefits where else could one discover that Deadeye Beakey and Geoffrey Maddrrson are in cahoots about leaking information? What other information has he shared with the preferati that they're not leaking, perhaps giving themselves an opportunity to sell again ahead of bad news.
Hasiba, market makers don't care about the lowest scenario, they make their money on every trade and don't expose themselves to massive risk by holding large amounts of shares.
I agree this volatility has been expected for some time and it beggars belief why anyone, you included, would be buying shares in PREM, knowing, sorry, expecting the price to drop. Of you expect a share price to fall, why would you buy before it falls? Surely you would wait until it dropped to your expected bottom price?
Plasmerman in order for the new mill to be installed early it would need to be on site early. It's not on site so won't be going in early. If it goes in at all this year it will be during the planned shutdown for 2 weeks in December
Acker it's just a shame that the telegramp group are promoting this as a sound investment rather than the gamble it truly is right now.
Instead the chief rampers "Deadeye Ollie Beakey" "Noel" and " Snow Tony King" speak with the forked tongue of George Roach using phrases such as "I believe" "I'm confident" etc and share screenshots of redacted whatsapp conversations with Geoffrey using phrases such as "that would be good to leak"
Shark if they'd produced any SC6 we would know about it, of that you can be sure, PREM is a very leaky ship.
One should also consider the floor price for Canmax electing to take shares in PREM rather than a cash payment. SP dropping below that floor price so they're not going to take shares. George gonna have to splash the cash leaving little in reserve. More invoices coming from Goddards and no doubt Stark before year end. Will George have enough shares to pay them?
It's a shipment target, 900 tonnes SC6 needs to leave Zulu by the 25th. That's pretty unlikely given that they've produced zero SC6 to date
Sharebel I would suggest you go back to school and get the textbooks out. Open the page for T212 MIC category and let me know what you find. Then for your homework you can write me 3 paragraphs on Systematic Internalisers and the London Stock Exchange
Share below, there's no algo buying just pocket money buys on platforms such as T212 which bundle them all together at the same time for execution
Hasiba, Stark did not buy PREM shares, they were given them in lieu of cash payments due on invoices raised. I've never bought PREM shares at 0.9p I'm not stupid enough to do that. I'm sure I did sell rather a lot at 0.9p and certainly don't regret doing that
Agree Acker, although I expect the capital raise before then, end of November start of December with a possible call for an EGM to allow for additional headroom
Hasiba, why would it be an ideal time to invest when the company that's building the plant is selling close to 1/2 billion shares? Anyone with any sense that wanted to invest in this car crash scenario would wait until those shares were sold and the next placings were completed for Goddards, GR loan and the likely capital raise.
Stark clearly selling down their holdings as expected. Snowking trying to rally the troops in the group with tales of Stark not being allowed to sell. Of course they can sell there was no lock in period, GR said they needed cash, if they don't need the cash then they've got no faith in the plant to meet the production deadlines and they want as much for their shares as they can get. Goddards will sell too when they get their share payment.