Member Info for SprintRS

Until Orange Tantrum stops his little game we're stuck with this

Placing before any results announced

You would have thought they'd be falling over themselves to get this drilled but i don't read they've given up

So we're now producing $300 of gas per day and 93 bopd = $9,300 divided by 2...so oil production has dropped by over 50% in a matter of a couple of months. lets see what c79 brings if we're still around in 6 months

You don't need enriched uranium to build a nuclear reactor

Yes, you have to think good news on the trails will propel the SP up by maybe 2 to 5x..would I put £1000 in now hoping for good news? no, there's certainly going to be another placing before news arrives..they're going to have to carry out multiple test runs and validate samples from each run and fine tune...we're weeks away.

I really hope too that Prem succed but experience has shown us otherwise. just less than 1p per share would put Prem's market cap at £327million which is totally outlandish, even 0.5 p per share is £165m which would be 3 x higher than Kodal who are in production with big numbers 100k tonnes plus. The biggest issue of course is that to get to 8k tonnes per month is going to need a lot of cash so really the debate should be how many shares in issue by Xmas..50 bn, 60bn, 70bn ? Prem are going to need a sight more than the current mc to get to 8k per month as every conceivable expense will have to be covered by placing more shares.

Mine too ColinJ, im sticking with it though..out PE ratio at 13 is 50% lower than AZ at 27, Pfizer at 20, j&j at 20, novaris at 21

Thanks Acker, all that said, if successful trails do occur (whenever that may be) then you have to think a major upturn in the SP allowing Prem to put a very substantial placing in to raise cash...the chance of 'right first time' sc6 i think is slim..maybe 10%..second iteration maybe 25% who knows but I stick with my nov/dec/jan timeline for first cash from product to materialize unless some kind of bridging loan or early payment on the back of good results can be agreed. Should you be putting money into Prem now that you can't really afford to loose? Absolutely not, not given the totally dire performance over the last 3 years...yes you might miss a 10x increase but we're in full speculation mode until the facts change..i am still (now a very tiny) shareholder having seem my holding decimated..i need 100x to break even from here i.e two point two pence per share...

The last RNS said commissioning and optimisation during Q2 so an immediate ramp up to 4,000 tonnes in June just isn't possible..June is 3 weeks away..they have to complete commissioning and then an iterative optimisation process of multiple run at rates then testing, plant adjustment then repeat, repeat, repeat until acceptable grades are consistently achieved. This is going to take at least 2 months...full production run 1 month, truck to port and ship charter 1 month ship to China 2 months acceptance tests by customer 1 month = 7 months from now = Nov/Dec 26 or Jan 2027 is ny best guess. Millions will be required during this ramp up period as they have to fill a pipeline of product with zero income whilst the pipeline is filled..June for production is ridiculously optimistic and even by some miracle a few tons were produced how are they going to get in to China? Aifreight?

Divided by 2

Acker and Snowking's assumptions are wildly optimistic. IF the plant is operational by the end of June, it's going to take 2 months for product testing following a run at rate, adjustments and plant optimisation, 1 month to produce the first 500 tonnes, 1 month to ship to port and charter a vessel, 2 months shipping time from Zimbabwe to China inc onward freight to destination plus 30 days payment terms. If everything goes smoothly we're looking at Jan 2027 before Prem are paid the first $1.5 million. As production starts Prem's costs are going to escalate massively...wages, fuel, salaries, expenses, trucking costs, shipping expenses, admin, paying off JRG, paying Cammax interest..it's totally impossible without a massive cash injection.

Agreed about the 4th tier....huge synergies with Defence nuclear too. If you can wait 4 or 5 years then we could be looking at £25 to £35 per share esp with continual buybacks

I was pleasantly surprised to see that we expected revenue and profit from SMR this year..amazing.

Tomorrow

Oh dear, the Israeli's have managed to persuade Trump to enter into a conflict that Trump (emboldened by his quick win over Venezuela) thought would be over with in days. ..as long as the IRGC are loyal to the Iranian Government then there's no possibility of the popular uprising that Trump had in his mind...the people would be massacred. The options are a) Trump gives large concessions to the Iranians b) Massive build of US forces and eventually boots on the ground c) Trump TACO's. I think Trump is eventually going to TACO, declare victory and move forces out of the Persian Gulf leaving Iran to charge the levy on all ships traversing the Straits....end result = high(er) oil prices.

I don't see it...until Iran is fixed we're going to see a volatile market.

Golly...my 20,0000,000 cost me £20k overall I could've had 200,000,000 had i not been so f**king stupid.

I'm surprised the placing came so early, i thought early April but this is just the start..there are going to be more needed in the coming months. AIM is cesspit I'm afraid

And Prem are going to need hundreds if thousands a month to sustain operations for at least 6 months with no income