Member Info for PlunderEurasia

Stockbox started following URAH today on Twitter, I expect an interview sometime soon.

It's 7 am there is no RNS, sub 20 today XD

I have another investment that is installing an optical sorter from Angelon and they conducted test work with ore material and tested the build quality before purchase, they also tested sorters from different suppliers as well, so I am super curious did Prem actually test their sorters before purchase, as that could have saved them so much misery.

They deleted one of the rooms I think and they strangely insta banned me from the other which is a private one. I think once there are more investors they will open a more relaxed public one.

Let's keep it boring, slow and steady boys!

This is getting nasty, something is definitely going wrong here.

Hahaha, I ran away from Prem twice and lost about £1000 because of those sorters, the psychological damage is much worse though as I am actually scared about our sorters now but a big difference between URAH and Prem is that you can actually hand sort 3 million carats a year with 300 people and make good profit because that's how it was done between 1920 and 2002, so come rain or shine we will have a working mine but we want those sorters to work for a better profit margin and mine security! 168 carats it's retirement money for me as I bought up 2.42 million shares XD

If there is no RNS by Friday there will be a much bigger sell off unfortunately. I was hoping to ride the hype wave into first production but my overall strategy actually avoids exposure to Lithium, I wish I stuck to my guns now as I lost a couple of hundred here XD

Unless oil has a spectacular crash, I think it will consolidate above 20 and move sideways back into the bollinger, as a lot of people will buying to see what happens with CN5 and the reserve update.

This dump came on the same day we expected the thickener to be announced, something is very fishy and I've exited again but this time I took a small punch.

Max111 I researched Fenix and I think its better to just buy Fenix 😆

If you think there is only hope, swing trade the hopium and keep quiet. My understanding however is that the SC grade before the mill and thickener upgrades were 5.7 and they expect SC6+ with these upgrades even if the upgraded sorters are not fully optimised, now consider the context of what fully optimised means, does this mean its producing SC6 but they want to optimise it for SC7, since hand sorting yields SC grades of 7.4 already? That's why I suspect they will actually commence production next week.

I am considering buying up 1% of the current share capital but I do expect a lot of dilution before production XD

This placing is like 2-3% dilution, I expect a very quick bounce back over 0.3.

I told my friends URAH pumped 20% because the optical sorter switched on after they plugged it in for the first time and they laughed quite loudly. Jokes aside, that is one of the simplest and likeliest reasons for today's price action and that news may even get an RNS on its own.

I swapped Alien for Prem and then swapped it for Kefi and made all my money back plus a small profit already. They fudged it up so bad here but I'm keeping an eye in case they actually get things on track again and I am always stalking those 7 am RNS alerts.

I swapped Prem for Kefi as gold is superior to lithium and Prem has already doubled, so the downside risk is massive if we find say the sorters don't work or the grades are poor. No such issues for Kefi as they expect 320 million funding this months while their mcap is only 30 million, much less can go wrong and when they finish building their mine there can be no doubt it will be profitable. There is however still some hype on Prem heading into the expected switch on date, so perhaps people can make a few bob in the short term but not as much with Kefi now.

My overall assessment of todays price move is that it's a very simple sell the news event and swing traders were always waiting to exit after this RNS. The MRE looks good but has some missing details and production is on schedule, nothing to worry about too much here.

I found a very big red flag in this RNS, read the quote below and you will understand that the DFS which was supposedly already contracted to MiningPlus and was expected to have been released already, according to Troy (Ex CEO) is now apparently not necessary until a project partner is found.

This makes me suspicious that they did not like assessment of the DFS and that could be why Troy actually left, or there is some fee associated with the DFS and they can't afford it without a project partner or fundraise; either case doesn't look good and I have exited as a result until its derisked further. I bought PREM instead which is supposed to start production in March.

Quote:

"Once a project funding partner is identified and terms agreed, the Company and such partner will consider whether a formal DFS is required at that stage."

There are so many companies in AIM with resource estimates worth hundreds of millions and sometimes even billions and they all had these huge spikes before fully retracing and going lower because the next question is how will they get funding to actually build the well.