Member Info for Mrnewbie

Sorry where did you get this Bull poop from... where has it been stated the current one left with no notice period?

And boom, just like that his gone for good :)

To behonest, I cant be bothered to read his rubbish anymore... again today his now saying the exact same stuff i read yesterday, and the day before... green box from here

Jag is broken record, he wakes up every day and performs the same thing identical to the day prior... inlcuding his posts... thankfully anyone who follows prem will already know he escaped the looney bin...

Gonzaless - this is a sad way to promote, ive seen this exact comment across many boards, facebook and so on... and oh look, a new account

Jag, nothing you post is funny, if i hear the same joke every day for two months it certainly does not become funnier does it..

Martinigirl,

You're assuming that not calling an EGM is evidence of a negative outcome, but that conclusion doesn't necessarily follow.

If management believed they needed immediate access to additional equity funding, then yes, an EGM for further headroom would be the obvious route. The fact they haven't done so could equally suggest they don't currently see an urgent requirement to raise capital through that route.

There are numerous possible explanations. They may believe current resources are sufficient to reach the next operational milestone. They may be waiting for further commissioning progress before deciding what funding is actually required. They may be exploring alternatives to another heavily dilutive raise. Or they may simply not yet be in a position where additional headroom is needed.

What we can say with confidence is that no EGM has been called. What we cannot say with confidence is that management think the plant will never work, or that Canmax are refusing support. Neither of those claims has appeared in an RNS and neither is supported by any evidence.

The absence of an EGM is a fact. The reasons behind it are currently unknown. Presenting one possible explanation as though it is the explanation is speculation, not analysis.

Martinigirl,

There seems to be a lot of "perhaps", "maybe" and "might" in your post, but very little evidence.

You suggest Graham might think the plant will never work if it's not fully operational by the end of June. Based on what exactly?

You suggest Canmax might be refusing to support further headroom increases. Again, based on what exactly?

The reality is that neither of those statements appears anywhere in an RNS. They are simply theories.

It's perfectly reasonable to discuss funding requirements, operational delays and dilution. Those are genuine risks. But presenting speculation as though it's an established fact doesn't make it any more credible.

The market already knows PREM has had delays and placings. What it doesn't know is whether Canmax are "playing hardball" or whether management are preparing to "call it a day", because there is currently no evidence for either claim.

There is a difference between analysing the information that has been released and inventing scenarios that have not.

Jag, you've been counting down long-stop dates for months as if each one is some sort of doomsday event, yet we've already seen deadlines amended and extended before. The date itself isn't the issue, Canmax's willingness to continue working with PREM is.

If Canmax wanted out, I'd agree the long-stop date would matter. But if they're still engaged and willing to negotiate, then another extension is just a commercial decision between the parties.

The real question is whether Canmax still sees value in Zulu, not whether a date on a piece of paper can be moved.

You seem obsessed with the calendar while completely ignoring the behaviour of the company you're claiming is about to walk away.

Also, its currently 0.0197 to sell as i type... so again, you are really clutching at straws to spin it into a negative

But on the flip side, buys are still 0.021, there is always a spread... if you paid 0.020 then you are still better then if you was to buy right now.. which is what you should base it on, not the sale... and as I was always told, you dont lose anything until you decide to exit... until then an investment is exactly that

well yes, obviously if sells are now 0.019... but that still doesnt change the stupid comments earlier... and again, its hardly worth a cry is it... you just pump the same ****e on here everyday... im really concerned for you, your life must be so boring

So your basing it on the fact that is someone bought £100,000 worth they are going to lose there £4.99 trade fee.... come on Jag... you must see how pathetic that is in the grand scheme of things... and also not every platoform charges a fee, we can only take the trade at face value and if you bought at 0.020 and sold at 0.020 then your not down... you can try and spin it all you want but again, your making yourself look even more silly then I first thought... its no wonder you lost alot of money buying shares

Ok, firstly its been 5 days, secondly its not below is it? the fact its holding at the same level / just above is positive but you carry on trying to make a negative out of it... you only make your self look worse.. not sure you can manage that any more at this point but nothing surprises me with Jag anymore

SANTIAGO666 see now you have made yourself look a right welly... every day you said it last week it was also not a red day except 1.... If i say its going to be a red day every day there is 50% chance, dont act the bright one when in fact you know 0

Jag, I think you're arguing against the wording of the RNS rather than what Tyranin has written.

The 24 Dec 2024 amendment doesn't say Canmax simply "take over Zulu". It says they are entitled to receive "a direct interest in Zulu Lithium based on a project valuation of US$100 million" as settlement of the outstanding prepayment plus interest.

If the intention was an automatic 100% takeover there would be no need to reference a fixed project valuation at all. The obvious reading is that the value of the debt is measured against a US$100m valuation to determine the interest received.

The RNS also makes it clear that Canmax can elect how to settle. PREM cannot force them to take an interest, and equally none of us can say from the outside why the long stop has been extended multiple times. It could be because Canmax prefers to remain creditor and offtake partner rather than become a mine owner.

Saying PREM should simply have "forced Canmax to take over Zulu" isn't supported by the published agreement.

Thank you :)

So your response to me is to follow on with comments you made multiple times last week... you just dont get it do you...

It wouldnt be so bad if they tried some new stuff, instead the posts they make are identical to what I read last week...

Ballymena I see they have opened the door for you and Jags day release... make sure your back by 18:00