Member Info for RLL93

Yup, down down down. Soon it will be absolutely worthless. Ready for a large company to come along, buy it for their own assets at next to nothing.

As per latest claim update, "September 13, 2024 - The Tribunal holds a first session by video conference." I'd love to be a fly on the wall.....

What does that mean

60 days from when? Marking it off in my calendar.

Has one been set up yet

It is best case scenario, and if best case is achieved then it will be incredible for shareholders. But I understand your tone and I agree on parts, they will need a hell of alot of money to keep going, GM to vote on allowing more shares to be issued isn't that far away because what's left won't be enough to fund opex to meaningful production. I feel for shareholders who were sucked in prior to the force majeure and the subsequent never ending repairs and optimisation promises made by GR that failed to manifest Real people's hard earned money.

IMO we will see further decline of the SP and the inevitable issuing of new shares at a disgustingly low price to see us through until the end of July, if we get positive news that the plant is running near name plate, SC6 is being produced in large quantities and is being shipped it will have a dramatic rise maybe even x5. But if these milestones are not achieved, and there's further issues, more money will be needed once again through the issuing of new shares and it will tumble towards nothing. For my relatively low investment I hope not, just a thought on the current state of PREM. A side note, if goals are achieved short term and the SP does begin to recover, PREM has lots of ways it can increase the share value, it has options to expand Zulu production, tantalum recovery, RHA, Li3 just to name a few. If GR stepped aside for a reasonably well known , experienced and respected replacement that in itself would be huge.

Does anyone know how many customers are potentially owed compensation IF the fca decide so ? I seen somewhere that they can get up to a £1000 per £10000 loan value ao I'm just doing some simple maths to the worse case scenario.

And as another posted said, a recommendation for approval Subject to water managment would have been better, why can't the highest committee approve it, I'm assuming they have the ability to do so.

I really hope we get the approval but it just all seems very backwards, first the local committee "unable to approve the application", we was lead to belive that this was because of the size, importance and ecological aspects , now its been referred back and the process needs to start from scratch. Emmerson done a good job with this RNS but you can only imagine the frustration behind the scenes.

I belive that all of these research notes are pointless, I've been reading these for the last 3 years regarding Emmerson, the facts of the matter are, without a permit the company is worthless and if the process takes to long then operating costs will cripple them, forcing tge need a share offer and in turn lowering the share price further. Now I've had my doom and gloom say, I'd like to see Emmerson explore other avenues within the mining industry, maybe having a look at other aftrican countries for mining permits and soil samples to broaden their portfolio.

Although it's frustrating it's super interesting to see all the shenanigans going on behind the scenes, just shows that whatever is on an RNS re agreements don't have to be followed if you have all the cards you can strong arm other parties. I suggest AAG have done their feasibility study and due diligence and come to the conclusion that if the claim is likely to be settled it would be for the lesser amounts, hence the re negotiated higher rates.

This is concerning as it may work out more financially profitable for them to settle for a lesser amount to get the 40% rather than a higher amount, if have to run the numbers to confirm this but just my off the cuff tin foil hat commentary.

Thanks for this

Have we heard anything regarding the claim lately, as of today I was under rhe impression that the claim needed to be initiated or the rights get returned to PFP, you'd think this would be market sensitive information and news would be published to shareholders, or are there even more shenanigans going on behind the scenes with AAG.... hmmm...

I wouldn't worry about it to much now. RIP.

Mate you won't get anything because she share went down before you sold, that's how it goes sometimes. Neither will anyone get anything their gone, any value will be distributed / sold to pay debters and the average gut is left holding the bad. Had this done twice to me before, but luckily I seen the writing on the proverbial wall via countless RNSs .

That's how I interpretation it also.

The fact is that it's dead, nobody is working, nothing to work on, no money coming in, no money going out, just the clock ticking until the inevitable delisting. Shame, you wonder what could have been, but it was poorly run. Hope your all doing better on other stocks. Unfortunately I seem to only pick stocks that go down or go bust, but I do try.

These could be assets not entirely or majority owned by IOG. There may be company vehicles on finance, equipment on hire or parts of the operation that another company owns the majority share of.

Have we heard anything about the ICSID and us seeing a financial resolution through this route. After all, they do lend the country money to build its infrastructure projects. For those who want to know about ICSID I'll post a summary below.

The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States.