Member Info for shamI89

Karma did catch up him as he had started a business which failed and that is why he has come back to trading again.

No point now mate as he has gone to pump and dump another share.

Were pumping it yesterday just before close and we all know what happens.They are active on eqt today and were on dnl not yesterday.

If big bio pharma is interested they would wait for clinical study results.

Clinical studies and data analysis to be concluded by Q1 a long time in aim but wait and see.

I am not going to bet my house on it but if it gets approval then potential is huge.I would wait for share price to settle down.

Holding this share until they get fad approval as if these lot get it, it can open 8 billion market to this small company.

Can anyone tell me when are these expecting to get this?

New guy has been drafted in to deal with production issues, Current production is 46 to 50 k per year and capacity is 100 k,Annual cost is 46 million so roughly about 460 per ounce, refinancing and interest would increase anual production cost lets say all in all cost is 700 or 800 dollars.If they can produce at full capacity it would give these guys enough money to pay off debt in two to three years and mine life is 10 years with resource estimate of 1.4 million.

Mezzanie style debt facility would have to be concluded by 31 and wavier has to be granted by major shareholders, we would soon hear about that.

New CEO does mention "supportive shareholders.

new guy has been brought in by major shareholders.

ophir wanted to take over premier at one point.

31 deadline is important as they need to pay 35 millions plus another quarterly payment of 6 millions to bank.I would say it would be one last chance for company to prove its worth.If they can produce 25000 k per quater then they can payback whole debt in two to three years . A deal concluded would lead us to 2p straight away.

They were due to update market on December output as plant was not running at 100% capacity due to technical errors and they stated that new CEO would be appointed and they were in talks with a potential candidate.Last RNS should have more details but quite a few RNS are due in January like quarterly production update, new CEO, talks with lenders and Bank.

We will find out soon

I do think that deadline would be extended as lenders are major shareholders and they wont gain nothing if company goes into administration , however looks like there is a standoff between Banks and lenders

company is in default at this point and wanted to extend the dealine to 31 January.Theoratically lenders can refuse to extend the deadline in that case company has to payback 6 million or they can allow accept it.

Think people are bailing out as a clarification was expected today , however if Banks are dragging their feet then we would expect to hear something very soon as they would be back from new years/christmas holidays.

that this would be taken over sometime ago.