Member Info for raaydaar

Willec, I watched the interview and nobody can deny that GR is a broken man, his body language and hesitant speech said it all, he doesn't believe that this will succeed and was merely going through the motions saying all the things he hoped shareholders and potential investors wanted to hear to try and get the SP up to a level where he could place the 4 billion he has left and give him enough to pay the outstanding salaries. That didn't happen and we're now 2 weeks further down the line from those "well advanced diaussions" with no further progress having been made and no LOI. Doesn't look at all promising now does it? Cash has run out and time has all but now run out. The end is nigh.

Willec, do you just pluck numbers out of thin air in the hope that some mug will believe what you're saying? Someone should dig out the "rampers bingo cards" you'll be getting a few full houses with your posts.

Wolframite, I'm not sure how thick you think I am but I certainly don't think someone is going to come in and pay Canmax off. What I do know is that Canmax want someone to come in and pay them off either in total or installments, that's clear and obvious in the last RNS

".....a signed agreement from a reputable buyer acceptable to Canmax that will settle and/or manage Canmax's Prepayment Amount plus interest on terms to be agreed by Canmax"

However you interpret that statement Canmax want their money and anyone coming in will have to agree to either pay that debt inclusive of interest in full, currently around $50 million or agree to accept responsibility for the debt and come to terms to pay it inclusive of interest which will continue to accrue.

Any such incoming party will also need to provide GR with enough working capital to pay the debts and buy the kit he thinks he needs.

So as thick as I may be, I don't think any company doing their due diligence will be willing to take the risk of either paying Canmax in full or taking on the debt, needing to provide sufficient capital to GR to cover his priority debts and buy the equipment he thinks he needs that might not work, with a minimum 3 months before they might know if it works, all the while incurring further costs and debts. All of this on a plant that hasn't been proven, on a CEO that has a proven track record of failure on every project he has worked on, on a Company that has massive debts the most concerning of which is the unpaid salaries. The Zimbabwean media has previously reported that Zulu staff hadn't been paid since June 2024. What company doing their due diligence would seriously consider any sort of JV with PREM. Such a company doesn't exist and all of this is just more bluff and bluster from GR.

The traders such as Willec are making their money. Even Acker a long term believer in PREM is now just a trader getting in and out on the manufactured spikes. Fair play to them, they're making a few quid on a daily basis with minimal risk but anyone with any semblance of intelligence or even anyone as thick as me can see that PREM is not an investment opportunity now, it's a gamble pure and simple, and as far as I'm concerned it's a gamble that the PI will lose should they choose to invest.

Wolframite, it was in Canmax best interests to extend, their debt continues to accrue interest at 12%. It's now clear they're not interested in taking Zulu, they just want their money back. They've got people on the ground in Zimbabwe and is, as GR suggests all it's going to take to get producing is less than a $million, why wouldn't they loan him that money? Surely that would be in their best interests. But no, they want their money back now because they know the the plant will not produce suitable grade material, they want some other mug to come in, pay them back and take on the liability. PREM is drowning in debt and I can't see anyone being stupid enough to invest $70 million plus in a project that for a number of years now has been a disaster from the start.

This is the court filing confirming the class action.

https://cdn.pacermonitor.com/pdfserver/QKND6BY/202671251/BOAGF_Holdco_LP_v_Transamerica_Life_Insurance_Company__iandce-23-00032__0142.0.pdf

Hownamyfools, this legal case is totally irrelevant to the ALGW share price and the deliating process.

It's part of a class action against TRANSAMERICA for their increasing of fees by an excessive amount (circa 61%). BOAGF is the names plaintiff on one of the class action sets, as each class action set requires a named plaintiff for the case to be heard.

Any settlements or damages awards are then shared amongst all participants in the class action.

This will be a no win no fee type class action so has no bearing or impact on the finances of ALGW either preciously or going forwards. Best case scenario is BOAGF gets it's share of a damages award after the case is heard and the lawyers have taken their cut, worst case is they get nothing and it costs them nothing.

Have resent the link to you Ri ardo

Hasiba, how much does relisting cost? How much cash does the company have? Does an acquisition need to be done for cash? I'd suggest you do a little research before making such bold and inaccurate statements.

Ricardo, I sent you the link to the group. You may need to check your settings in telegram to see the message as I'm not one of your contacts

CN100 can't find that username on telegram

Have added you to the group Ricardo.

EPAPA have sent you a link to join

Ricardo, what's your telegram username, I'll send you a link to the group

Anunnaki, how do you see this panning out? You're clearly not confident that PREM will do will or is a good investment opportunity at these current levels.

Cevodniya he's not invested he's just here as a PREM troll along with his other identities Ponderosal, Santiago, Quagpalm amongst others

Luthee the delisting is happening on 15th April.

Board have already started the relisting process and expect it to be complete Q3 or early Q4 this year.

Robert-00 Nobody is loading up, jn fact there's a whole lot of unloading going on which is why the share price is down nearly 15% as I write this.

There no manipulation from the MMs, they couldn't care less if the price goes up or down, they make their money on each transaction and have no vested interest in the actual SP.

Market mechanics determine the value of a share, when there's more sells than buys, the price goes down, conversely when there's more buys than sells, the price goes up. What you see posted here in red and blue is the algorithm making its best guess at if a trade was a buy or sell based on the midpoint of the spread at the time of publication. Below the midpoint it assumes a sell, above the midpoint it assumes a buy, however the true spread is very rarely that which is published which is why the published trades cannot be relied upon to be an accurate reflection of an individual trade.

The call is available on demand, well worth a listen lots of positives. I'm undecided on some answers but more than happy to hold my entire position through delisting into relisting and get more detailed info post April 15th

Hasiba, I did add but didn't cross the threshold for mandatory reporting. I'm more than happy to submit another TR1 to evidence my increased holdings so long as you pay the RNS fee that the company is required to pay for publication of a non regulatory required TR1. I'll let you speak to them and get back to me when you've paid the fee.

Hasiba, you really know nothing about the company. It's main market listed and won't be relisting on AIM so NO NOMAD REQUIRED NOW OR IN THE FUTURE