Member Info for raaydaar

Snowking states "It will take time to hit the 4000 tonnes per month.......

Don't fret about not meeting the 4000 tonnes this month , that clearly cant happen and Sushou will know that and it is not a big deal."

It actually is a big deal the 22nd June RNS:

"

Repayment through invoices raised by Suzhou TA&A for shipped SC6 should commence no later than 31 March 2023 at a minimum rate of 4,000 tonne per month on a rolling average basis following first Concentrate Production"

They want a MINIMUM 4000 tone per month on a rolling average. The longer it takes to get to 4000 means they're gonna need to produce more than 4000 to achieve the rolling average.

Then there's more from that same RNS:

" If the Supply Commencement Date does not occur by 31 March 2023 or there is a substantive delay in the subsequent supply of SC6, then Premier shall pay interest to Suzhou TA&A at a reasonable interest rate that represents Suzhou TA&A's actual funding cost for the delay. If the Supply Commencement Date does not occur on or before 30 May 2023, then Suzhou TA&A may terminate and seek repayment of the Pre-Payment Amount."

And

"Zulu Lithium Private Limited ("Zulu") and Zulu Lithium Mauritius Limited ("Zulu Lithium") will provide Suzhou TA&A with security over all existing assets including all the mining claims, and all other assets, company shares and inventory including SC6."

Meaning that if GR can't get that 4000 rolling average or doesn't start Supply by 30th May then they can take Zulu off his hands as the company doesn't have the cash to pay back the funding.

No wonder they weren't interested in giving GR the cash he had to raise (twice) against future offtake when they know he is so far away from getting the agreed amounts produced and supplied within the agreed timeframes that they can take Zulu off his hands for the princely sum of the money they loaned and got him to build the plant for them.

"Suzhou will be driving George to deliver" will they? They weren't prepared to give GR any more cash hence the need to go to the market. Would it not suit Suzhou if George doesn't deliver and they can take Zulu off of him by default? GR sticking in £110k is his attempt at making it look like everything is alright and attempt to instil some confidence in the mug punters who believe everything that comes out of his mouth. I've a funny feeling that things aren't as rosy as GR and his disciples would have you believe. 11 days to go. I'm staying on the sidelines here too many red flags for me to consider reinvesting right now

PM01 it's not about believing in the project it's about believing in GR to deliver on the project. I've said it before and I'll say it again he cannot be trusted. He has blatantly misled shareholders through social media and paid for interviews and has failed to meet the deadlines he imposed. The placings (multiple) are true to form and unexpected for me as I thought that as incompetent as he is even George Roach could have got the Chinese to stump up the cash against future offtake. The fact that he has gone to the City suggests to me that the Chinese weren't willing to throw in the cash for whatever reason, be that because they'll get interest at a better rate than the value of future offtake or they think they'll be able to get zulu through default. I don't know which but there's something not right here. The next 11 days will be telling and if I were holding I'd be very uncomfortable about my investment here. George has proven himself to be less than honest with his predictions of events and I for one wouldn't trust him. Time for a change at the top. Will be interesting to see what if any rns comes next week and how he tries to spin this. I'm glad I'm still back on the sidelines, too many red flags right now. 31st May and 30th June are the next 2 crucial dates and I'm staying on the sidelines until both have passed.

That's a good summary cszjrh01. I agree that pretty much no-one can be happy about the share price movement, it's crazy that the market hasn't managed to see the potential here. My thoughts on your points:

1. Downside is now pretty much non existent. I've increased my holdings Roy has increased his (confirmed directly) but remains below the notifiable threshold, Mark has increased to 25% and I expect we will see a TR1 shortly to confirm the link numbers on the annual report. Follow the money? Without a doubt!!

2.lack of comms has been a major issue recently and historically, we were told ckmms would improve and they didn't, Mark as advisor to the company is fully aware shareholders aren't happy with the comms and I'm led to believe that there will be a big change in the approach to comms.

3. Share price will move when it moves, we have no control over the movement other than to say the free float is not particularly large so movements in SP are quick but I expect we are entering a news rich period so an upward trajectory.

4. The business has changed significantly since IPO and imho for the better, the focus on the insurance side allows for significant increases in AUM and coincidentally significant jncreases in revenue and yherefore significant increases kn profit.

I for one am very excited about the next few months, the company have clearly told.us there's significant discussions going on in the background, they've now got significant assets yhey van leverage for additional acquisitions so no need for a dilutive raise for an acquisition.

I wouldn't be surprised if we breached $1bn by the end of the summer.

My price target remains (conservatively) a £100mn mcap so around 16p looking more at 30p+ for a takeover if all the stars align

The additional 3 months allowed due to covid was removed in June last year. Standard reporting requirements are back in place so for annual accounts the deadline is 4 months from year end and 3 months for interims therefore annuals needed to be published by 30th April

Shouldn't the annual accounts have been released by now. Year ended 31st 2022, requirement is that accounts be published at latest 4 months from year end which was 30th April, now we have the auditor resigning due to capacity issues. Therefore there'll be a prolonged delay in publishing the accounts. Suspension coming?

You can't say you weren't warned. Company is done for.

Unfortunately it is what it is and as disappointed as I am that we haven't seen the results this week I'm sure come 7am Tuesday we will all be much happier shareholders. BOAGF had a good Q1 this year and on target for another hurdle payment, company has a "robust list of exciting opportunities which will allow us to continue to rapidly scale the organization both organically and through further acquisitions" and I expect we will find out more detail about these soon. Would be good to exceed $1bn AUM before the end of H1

Bluepanther you need to realise that the accountants are in control here, if they know that they have a deadline of 28th April they will work to that deadline. They're not working solely on hhe ALGW accounts, they will have many many clients who need their accounts doing. They have their deadline date and we will have the accounts published this week in accordance with FCA requirements

Looking forward to the week ahead, got a feeling 7am tomorrow will see the results

It's interesting that proactive have retweeted that article covering the last RNS. Wonder if they've got an interview lined up on the back of the results next week.

Another £19k printed that's the best part of £110k taken today. Something brewing if someone is so keen to buy this many this quickly.

Asked around and it seems there's more to come. Whoever the buyer is they're keen get as much as they can as quickly as they can. Got to ask yourself why theyre stocking up now ahead of the results. Wish I had some spare cash!

Agree, someone put in the best part of £90k yesterday, that's not someone taking a punt, it's someone who has done a lot of research, talked to the company and is happy to invest a significant amount of money, at a premium ahead of the results. I'd hazard a guess and say that the results will be significantly better than the broker estimate in the note and our buyer thinks the same. If it's the same person that's been adding previously then we should be seeing a TR1 soon. Market will wake up soon enough and everyone will want a piece of ALGW, why wait and pay 3.5p or 4p on results when you can buy at 2.5p?

Due anytime this week or next. Looks like some are loading up ahead of what I expect to be some good numbers. I'm also expecting a strong forward looking statement and updates on what's been happening recently. Next acquisition opportunity? Could well be seeing 4p plus on decent numbers

Due by month end, I'd hope we will see them early, maybe next week. I think the broker note was on the conservative side so all being well we may be posting a profit which would be a significant milestone for the company and should generate some additional interest and see some upward movement in the SP. There wasn't much available around the 2.3 mark today then it jumped to 2.5 with only 300k available at that price, so it will be a very quick move back above 3p as soon as the volume returns.
Forward looking statement and update on recent progress with hopefully a hint of some potential acquisition opportunities and maybe a bit of something from left field to surprise us all.
Added a few more today, just can't resist at these crazy levels.

As expected still no news. Will be below 0.90 before 9am at this rate.

Aidan thats noble and a 20% increase isn't that big a rise but you also need to consider that a 20% or more could happen on GR delivering bad news which if you're looking to pay off your mortgage could well be a significant amount. Like you say everyone makes their own choices but I'd rather pay off 75% of my mortgage now than hope GR won't be true to form and see a drop in the SP that virtually wipes out my profits

Aidan that's exactly the right attitude to have, and the attitude I have hence I sold down my holdings as the price rose and my targets were achieved. I hope your targets are met. I'm not qualified to give financial advice but I would be constantly reviewing my targets and adjust my expectations based on the information (or lack of) that's available. One should never be emotionally involved in a share on the basis that it might achieve a particular goal at a particular point. Bank, Bank and Bank some more that can't be taken away from you. If you truly have faith in GR then I wish you all the best and hope you're mortgage free in the near future. I personally wouldn't hope my investment here would pay off my mortgage any time soon.

Therein lies the problem with those who have undeniable faith in GR. if (when) the SP falls on no news or plummets on bad news these people will refuse to accept that they got it wrong and agree with someone who will happily agree that the SP is undeniably higher than it was 4 days ago. I'm a pragmatist, shame others aren't a pragmatic as they perhaps should be. There's a bigger picture that needs to be looked and and the narrow focus of many on here needs to be challenged so that the bigger picture can be seen.