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You’re not wrong there @Daz, but maybe the western world doesn’t have to, for example, the majority of solar panels are made in the Far east, and that’s not been a problem. Also I feel the African continent are happier dealing with the Chinese as opposed to us western capitalists.
@GGG “If all the ducks align we may even get back to the 20's.
I would hope not, hopefully that figure is now one of the past.
Ok cheers.
Let’s hope that reagent and sign off arrives soon.
I’m not losing sight of the bigger picture Aspen, it’s just that we are not flush with funds, and not sure how long it will take for the reagent to arrive etc. All this comes at a cost which will probably be taken out of us via dilution or some other way.
“Heard on the grape vine” does not instil confidence in pi’s, can you not elaborate?
In regards to Premier's self-imposed internal commissioning target of 14 February 2023 having been missed, has anyone calculated the interest we will now be paying?
Premier was adequately funded to that projected date. It may be necessary to either increase the prepayment amount under current Marketing and Pre-Payment Agreement or accept a short-term loan facility secured against spodumene to be produced to meet operating costs at Zulu in the coming weeks, which we now cannot produce without the reagent.
Marketing and Pre-Payment Agreement ("Agreement")
In accordance with the Agreement entered into between Premier and Suzhou TA&A Ultra Clean Technology CO. LTD. ("Suzhou TA&A") as announced on 24 June 2022, Premier was required to supply product by the 31 March 2023. Suzhou TA&A will begin charging interest at rate 3.5% per annum on the prepayment amount of US$34,644,385 from the 1 April 2023. Premier will have until 30 May 2023 to begin providing Suzhou TA&A with product in accordance with the Agreement, a failure to do this will provide CanMax with the right to terminate the Agreement by notice in writing to Premier and Premier will need to enact repayment of the prepayment amount plus interest in full within ninety (90) days of such termination notice.
So that’s 3.5% on US$34,644,385, annoyingly.
According to the latest Rns, could someone please clarify which date is it that we have to provide product by, is it the 31st March or the 30th May?
TA&A Ultra Clean Technology CO. LTD. ("Suzhou TA&A") as announced on 24 June 2022, Premier was required to supply product by the 31 March 2023. Suzhou TA&A will begin charging interest at rate 3.5% per annum on the prepayment amount of US$34,644,385 from the 1 April 2023. Premier will have until 30 May 2023 to begin providing Suzhou TA&A with product in accordance with the Agreement, a failure to do this will provide CanMax with the right to terminate the Agreement by notice in writing to Premier and Premier will need to enact repayment of the prepayment amount plus interest in full within ninety (90) days of such termination notice.
The title says it all “A bit underwhelming”, well I think it’s more than a bit. Just in this last month we’re almost a £ down on decent financials! Certainly frustrated.
You’re a good lad Tony, thanks for that.
Never say never
Maybe so, but at what additional cost, not forgetting how much is always stolen?!
I’ve seriously lost faith in investing in SA now, the government and many of its population are so corrupt that they have truly messed up the country.
It was asked ‘why is it so difficult to change from coal to renewables in SA’ , when Andre de Ruyter said ‘ because they can’t steal wind and sunshine’
Really doesn’t help having so many shares in issue to start with. I’m sure it will turn around but the million dollar question is when?
Would help if I had posted the link beforehand!
https://youtu.be/dXDiKBhQSAo
I have copied this link over from Esg, I am NOT promoting Esg here on this board, but just watched a video of them where they really talk and explain quite a bit of info on Serenity.
Good news for vrfb’s, but I have my reservations about LC from Kibo, hopping from one project to another, but let’s hope that he now achieves success.
Personally I would be a bit disappointed. I would love I3e to get Serenity over the line and see what our sp would get to. Of course it could go the other way, but in today’s climate I would still be disappointed as I said.
Was once nearly treble Bushy’s sp, who knows once they’ve raised millions of dollars to get a mine built, it might even go higher. Enjoy your investment over there.
Can’t wait for good healthy sentiment and value to return here. Unfortunately the trolls, manipulators and naysayers are succeeding at the moment, but we know this can and will turn very quickly.
Good luck lth’s
Please help me out here, I’ve been with another company (reputable & international) that went through a program of buy backs for quite a substantial amount, and the sp still carried on dropping. What is the idea of buy backs and have they really ever worked efficiently?