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@Martinigirl Yes they are! Otherwise the people who were buying the shares would go to the open market (they can get more for their money!)
They are not going to buy at the highest price when they can buy them cheaper elsewhere!
@elliselblow
This link may help
https://www.share-talk.com/placing-shares-what-is-it-how-does-it-work/
@martinigirl what an absolute load of rubbish 😂
George did say that there isnt enough cash to get to the end of October but he also said there are several large players ready to invest in the business so getting the extra cash isnt going to be an issue.
The worst that can happen with Canmax is that they end up with 18% of the business.
The SP will likely drop in the short term (which I've said the whole time, and even got kicked off the Telegram group for saying as such) but in the longterm this share will 🚀🚀
Personally I'm holding and will buy more depending on how low it goes.
@Mrnewbie
I've been following.
We got the RNS as promised yesterday. They didnt put a timeline (specific date) on next RNS hence my comments remain correct. Next RNS will likely be within the week but unlikely to be following day.
I've been in this stock for almost 2 years...hence follow the company closely.
You clearly didnt read/understand my comment...you seem like one of those people who expects everything to happen immediately...may be wise to step into the real world.
Why are so many people getting stressed?! Its highly unusual for companies to put out RNS announcements two days in a row. We've had positive news over the weekend and likely more is to follow in the next 7 days. Rome wasnt built in a day!
Enjoy the sunshine...get some fresh air! You'll find if you let go of worrying about when/if/what news will be released positive things will happen with the SP.
Good luck all
Shark
Daz,
Most prem investors are actually in Kod also. Most investors hope that both Kod and Prem do well. There is no competition about who is best...we're not children.
Prem is slightly further along than Kodal...that is all.
Both stocks are high risk but worthy investments for longterm investors.
Please stop flooding this discussion board with nonsensical comments. Thank you.
Perhaps you're right but their take on this "RNS" was the same as mine tbh. Particularly about the 30-50% spod results (perhaps that's good in lithium terms?)
I listen to all sides (good/bad) and try to make informed decisions (I dont always get it right). Interesting to see how this one plays out.
In the long term I'm betting on Prem to do well (I have alot invested in them). The journey to that point is (in my opinion only) going to be a rocky one and I want accurate information so I can make an informed decision (in order to day trade a small part of my position). At the end of the day we're all here to make money...which can be done through volatile periods. The RNS was woolly...the uncertainty with Canmax still exists.
I think this rise in sp will remain definitely untill 12th Aug but depending on the vote...we might be in trouble (atleast in short term).
We still have the Zim government elections to get through (although Fitch/S&P Global ratings have suggested the current government should stay in power you never know).
I'm preparing for the worst but hoping for the best (short term).
That's the thing that bothers me slightly...the RNS....which for some reason isnt appearing on platforms such as this and the version that I've read (I'm presuming it's a real RNS) doesnt actually say the grades are good. Perhaps I'm interpreting it incorrectly but doesn't it say only 30%-50% are Grade 6 spod?
Interested to get your take on this @snowing
https://www.dhakatribune.com/financial-markets/321310/premier-african-lon-prem-rises-5%25-on-more-bad