Member Info for RLL93

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.

Ive seen people talking about restruction etc but it's in administration as a result of defaulting on their debts. All assets will be sold to recover as much money as possible. Manage your expectations people.

The RNS clearly stats the following:

"As a result of the Administration, Cavendish Capital Markets Limited and Peel Hunt LLP have informed the Company of their resignations from their roles as Nominated Adviser and broker respectively, with immediate effect. The Company's shares remain suspended from trading and pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's shares to trading on AIM will be cancelled. The Company has no current intention of appointing a replacement Nominated Adviser."

To reiterate, they do not have a nominated advisor nor do they have a current intention to get one therefore the shares WILL be cancelled in less than 1 month.

NNN and IOG recently went pop, you'll see the same usernames there pumping it all the way to the end, sucking in new investors, and the same is happening here. As I always say, do your own research, use common sense, don't take any advice off anyone on here they all have their own agendas to make them money, make your own educated decisions, and if your not sure don't spend a penny and put it in the bank.

i've traded iog a few times over the years and see the same old usernames punping it, even when the **** was hitting the fan they would be saying to ignore the cash situation, winter is coming, fresh talks with bondholders, offtake partners, sell the debt etc... now they are just finger pointing at each other. their all as bad as each other. i doubt it's anything sinister from iog bof just shareholders trying to extract as much value as possible by getting people in. i just feel sorry for the people who got sucked in.

word of warning for any new investors, everyone on here has their own agenda and the end result is to make money, don't listen to anyone regardless of how many posts they have or how well regarded they are, do your own research, think of things logically and if your not sure what your doing do not buy any shares, put your money in the bank.

Name plate = 4000t, 50% = 2000t, minimum required for canmax delivery = 1000t.

We'll sell the surplice to canmax to further fund opex and have cash in the company. GR knows that the number 1 priority is to forfil contractual obligations with canmax, secondly to generate liquidity so that there isn't any further offerings required and to fund operations to forfil priority number 1.

And to add, those same people who lured you in and was ramping are nowhere to be seen, you see it right accross chats here.

I got done on NNN, the pumpers lured me in and a few days later they went through, just after they took their money out, suspicious right. I've traded IOG from the 6p days until the recent well depreciation and financial news and after that it was a case of de ja vu. Rampers posting utter trash without fact, chatters in denial about the cash position even though it was spelt out explicitly in the multiple recent RNSs, people telling me that a 30 percent month on month depreciation is normal (ye right), a recent pump before a suspension, then the whole let's sue them fiasco, word for word what happened to me at NNN. Just take the hit, listen to yourself, do your own research and remember people have their own agendas on here, you'll be a better trader going into your next dealing.