Member Info for Shark41

Just watched the stock box interview. On the face of it, as far as interviews go it wasn't terrible. Like some people have said GR was very relaxed, however so was Bernie Maddoff whenever he spoke publicly...and we all know how that ended! Most CEOs tend to be psychopath/sociopaths (it's how they become CEO in the first place)so you shouldn't read too much into his demeanor when he does these interviews.

Everything depends on what type of financing Prem secures. I don't like the sound of the debt option especially as they aren't producing/ making money yet.

One thing I did notice is that he was very vague on the shipping of the product to China. He mentioned he was selling on CIF basis ( which means cargo/insurance/freight) so essentially the receiver pays the shipping costs) but it likely means he's selling on a delivered basis which isnt ideal as there are always discrepancies in terms of final quantities. The load port and discharge ports never match. It also means that Prem are responsible for chartering the ship and will likely pay all the demurrage fees initially before the reciever pays them. It sounds like he just quoted ball park net figure interms of shipping costs...he didnt say if he would use a partner for this aspect. It costs a lot to charter a ship and he didnt say what type of charter he would likely procure. He may also need to secure a term deal with the receiving terminal which again costs money.

It would be much better to sell on FOB (Free onboard) basis as you sell on the loaded quantity, all you need to worry about is loading the cargo and getting to the port inside laycan dates. It would also be better for the receiver to charter the ship and take on those costs. I think GR drop the ball in this respect.

We shall see by the end of February if he's true to his word.

Have a good weekend all!

Haven't had a chance to listen to the StockBox interview yet but happy to see the SP didnt get hammered further at Close.

@RickyK

No one cares who you are. Stop making yourself seem important.

Most people on here are retail investors who look at their investment situations with a "realistic" and "logical" perspective. They are without agenda and are neither rampers or derampers.

However, we dont appreciate the PR positive wash that everything is A okay...when clearly it isnt. The fact that you're posting so frequently on here this week just proves that Prem is actually in a really sticky situation. So please take your unicorn and rainbow bs back to the telegram group.

Have a nice day!

@RickyK

I hope they pay you well.

Good luck with your investment also...

@RickyK

Are you the Telegram groups official spokesman? Are you their PR man?! You havent stopped posting all week. You've literally sprung up out of nowhere consistently trying to put a "positive spin" on this situation....well enough now dude...we see through you.

@Martinigirl

Hmmm...I'm starting to think we're being f***ed over tbh.

It hit home when they released that last RNS. They lied about the dates..previously they gave the impression it would be complete by end of Jan/ early Feb but now its end of Feb (but they acted like it was supposed to be the end of Feb all along). They also tried to deflect in the RNS about the delay of the Mill by claiming new Li3 deposits had been found (in addition to those already declared)...like that's supposed to make it all fine. To be honest it doesnt matter if they found the purest highest spec Spod in the ground...if they cant mine it then what use is it!? The RNS was poorly written also...like an intern did it. I'm surprised their legal/PR team let it be published.

I think if George just told the truth and said end date/production date unknown due to unforeseen delays then atleast we'd know he was being honest but he just keeps living by making it seem as though it's just a little while longer! When, in reality theres no way this will be ready before July (IMHO).

The Telegram group are disgusting. I was on there for a little while and they kept accusing me of being someone called Leanne because I was asking questions about the elections in Zibabwe (and how they would effect Prems situation)...the abuse I got was ridiculous. If anyone says the slightest negative thing (even if it's a legit concern) they shut you up. I later said that I thought the price would hit the teens .16 - .18 before the mine starting running successfully, because in reality things may go wrong and the backlash I got was crazy...they accused me of manipulating the share price. Then they banned me! But I was right about the SP...its now hit .18. I was really hoping that the Telegram group would have expert investors in it who could provide context on my questions/ concerns but they just get rid of anyone who doesnt see rainbows and unicorns.

I much prefer this board because you can discuss stuff.

I think they need to get another partner in or sell it or replace George because something seriously isnt right here.

I'm kind of stuck between a rock and a hard place (no pun intended!) Because I'm sitting on a 10k loss or I invest more and which means throwing more money in to average down. Neither is ideal.

In the long term, I think Prem and Zulu have a lot of potential but I dont think we're being told the truth tbh.

I knew what I was signing up for so not complaining as such but evenso...I'm hoping for the best but preparing for the worst!

Hopefully those bags in the X photos are spod product but let's face it...could literally be anything!!

@Raaydaar

Thanks for the clarity/context...had a feeling it was something along those lines. I think I'll look at this again in a couple of months..Guess we're looking at April-July for things to settle and get moving again.

Also, you're missing the point that these are potentially new shares hence diluting the ones already in existence.

Anyway...I topped up again today!

Yes but if they are selling in 100m share chunks or all in one go then it will kill the share price

I think the price isnt going up despite the blues because it's new shares (george had to pay people in shares instead of cash). I think its these shares that are starting to hit the market (Martinigirl worked out that there 376m of these shares yet to be sold). She said that Prem would have to declare this in an RNS but actually I think they only have to declare it if it's over 5% of total shares in circulation...

However, happy to be corrected/please correct me if I'm wrong on that.

I think Martini worked out there were 376million (approx) shares left to sell from Goddards/placing so hopefully 100m shares just sold is part of that. That's almost a third gone which is good. Realistically the sp is going to hit about .14 -16 before it starts to rise again because of the sale of those existing shares. However, I thought Prem had to declare this in an RNS (Goddards share sell) but maybe they just need to submit it to the FCA as it would still be public record...🤔

Both my buys are showing as sells!

Just topped up at .199

Cant believe I'm putting more money into this but may aswell take the opportunity to average down 😬

It seems like everyone is waiting to make sure the approval is definitely confirmed before they react 😂

I'm hearing this has now been approved for real...hoping not another hoax!

https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals

Is this official??

@chaebol

Haha! Yes..wouldnt surprise me if they pretended they were hacked so the likes of Nancy Polosi could buy btc before it shoots up 😂😂

But how do we know Gary's twitter wasnt hacked 😂...plot twist...

There's no details of the etfs being approved or not (that I can see)...where are you getting this from?!

Martini, thanks for the info. Now makes sense 👍

@Martini

If it was delayed from yesterday then does that mean sp correction still to come tomorrow (so likely further drop if it was a sell?)

Why are some trades stated as unknown? Sometimes they have - minus symbol infront of the volume also? I get a bit confused with these...I always thought they were just cross trades being recorded on the exchange (ie executed trades by a broker done outside of the LSE).