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Thank you Biz, good video, I appreciate how you keep it sensible and stick to facts not emotions.
I subbed to your channel also because your excel videos are fairly helpful.
Daz, you should be a lawyer, you're excellent at twisting people's words. Central party, central government, what difference does it make when there is only ONE ruling group?? And no, I see no issue in China dishing out more billions to fund more projects. Maybe not on Zulu or PREM, maybe elsewhere. And I hope they don't as I always wanted to work with a western firm as I know how these others operate.
But I tried to be polite and explain but you put up a wall, impossible to move you from your position.
Daz, that is exactly what I said, everything goes through the central party.
Plus speak for yourself, I studied political science, speak 4 languages and lived across 3 continents. Either be constructive or say nothing at all.
Daz, it's China, no company moves outside of the sphere of influence of the central party. If the central party wants lithium, they will do anything in their power to secure it. Not sure where the issues is. Are you saying that PREM burning Canmax potentially will make it harder for chinese lithium produxlcers to get more funding? Nah, they have billions to spare for these global initiatives.
Acker, thanks. I hope Canmax come back to the negotiating table, that would settle the sp in the short term. Otherwise very happy for someone else to step in, praying that it's someone from the west this time. They can pay off Canmax, take over their 50% agreement and perhaps have something extra. To Daz's point though, this time they will demand a more clear cut and favourable terms of conditions in their contract, to avoid GR from calling more FMs. This is all fine by me, as long as it is sorted soon.
Canmax admitted via chinese RNS that "retrieving the initial deposit made will prove difficult". I am not a legal expert so I cannot comment much on the validity of the FM or the clauses that Canmax have at their disposal to pursue arbitration.
My more immediate worry is with how the financing will be resolved. Yes, GR can do a rights issue, yes he can put his hand in his own pocket and yes a new investor may want to jump in. But the unknown is keeping us a bit shaky still. If financial backing were resolved, with or without Canmax, the sp would react very favourably.
Of course he keeps buying, that's because he also keeps selling, which makes financial sense. SK has become popular in the T212 forum as well, the noobs sometimes copy paste his posts from Telegram into the T212 forum, acting like they found the holy grail 😆
Not sure who this chap is but he made a decent summary of the current situation.
https://youtu.be/yy1PTCKV0cU
Really enjoyed the interview, GR is playing the game well and is prepared. A lot of great things have already been mentioned here about the interview, but has anyone noticed what he said when discussing the other interested parties, between 20:10 and 20:20?
"Maybe not everything in Zimbabwe is completely closed off and going East, maybe there are some other alternatives."
The ideal situation would be for Canmax to get back to the negotiation table and find a solution, without any arbitrations. But the idea of a western company stepping in, either for Zulu, rest of EPO or Li3 would be a dream!
The ball is in Canmaxs' court now, let's see how they retort in the coming days. Well done GR 👏
I agree Acker, it would definitely make more sense to make that move today rather than during a potential suspension
Yeah i am totally clueless to the start time as well, if someone knows please share links 👍
Devils, from RNS Number : 8680D, Premier African Minerals Limited, 26 June 2023
"At the Annual General Meeting ("AGM") scheduled for later today, Premier is seeking, inter alia, shareholder approval for the disapplication of pre-emption for an issue of shares for cash. Shareholders should note that whether or not the enabling resolution is passed at the AGM, Premier has in any event the general authority to issue shares on a pre-emptive basis such as an open offer or rights issue. "
I can't see tweets anymore without an account apparently. I had posted the below elsewhere though, in case you can see it. Not sure about a start time yet though 🤔
https://twitter.com/StockBoxMedia/status/1674361465854128133?s=20
PUMA, Laverda, we hear you, trust me, it's not like the long term holders here are not scared or worried. Except for Acker, he seems to be the only one that is super confident.
Is the FM an actual FM? Seems a bit of a stretch to me as well but if the lawyers believe it has merit than who are we to decide differently? The courts will decide that outcome, IF it even ever gets to that point.
Puma, yes there is debt but the yearly report is about 2022 accounts, not the finances of 2023. Current situation does not affect last year's results. If there will be a suspension, it will be more of a tactical one as stated by GR.
Is there a risk here? 100% mate, good to warn the others of it. But it is AIM, mining sector, in Africa. Risks come with the game. Just look at the difficulties that also KOD and ALL are going through.
What do you mean?
Iky your holding will not be affected, company can still operate on the ground but not trade publicly. Company will still be releasing RNSs and videos during a suspension. GR might choose to not publish the report on purpose to protect shareholders and PREM's assets fron Canmax. The suspension can last up to 6 months unless an extension is approved. The risk of never coming back to being traded, and therefore all our shares wiped out, does exist but, imo, it is really minimal due to the nature of the situation.
1) Trading is suspended to allow the company to formally address these matters of concern to the satisfaction of regulators, thereby protecting current and potential investors.
2) The suspended company must still comply with all listing rules applicable to it. This means that shareholders should continue to receive announcements on developments that require announcement under these rules.
3) When it comes to AIM, should the securities of any company be suspended for six months, the securities will be be cancelled from trading unless an extension has been granted.
https://aim-watch.com/project/trading-suspensions-overview/
Yes I heard GR will speak after the Stark CEO, not bad. Mark F must be doing his best to put his company in a good light again after being shamed by the events on the ground. Good job Stockbox!
Alert, wow, this could backfire on him big time. He needs to stop playing PREM ambassador.