Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Please understand, you dont value a company based on the asset value it owns; assets cost money to get out of the ground.
They cost even more money to get out the ground when they are constantly waxed up.
And to make matters worse, they cost a small fortune to get out the ground and sold when you do it via a death spiral finance agreement.
But if you want to keep ramping the ‘asset value’ in your head is multiples of the companies value, then feel free.
All the best, no one is forcing you to buy and hold COPL shares
Horult
RE: Boxed inToday 13:22
Because they are trying to bully us into submission
Of course they are!
This is how the Chinese do business , especially in Africa.
Ruthless
They also know they are the only show in town, as do PREM but for some reason the CEO was rabbiting on about 7 interested parties.
IN RESPONSE
RE: Court issuesToday 10:20
I blame the CEO, anyone daft enough to open a mine in ZIM and even dafter to think they could go into bed with the Chinese in ZIM has no wisdom.
What are you trying to say about the people of China and Zim stanaccy?
ZIM has worked hard to win the title of the worst country in the world for mining
The chinese effectively run ZIM raw materials markets and have major influence over the government
Please google search, youtube search, etc
When Canmax take it to court next week, PREM is screwed
Dont worry about making product, PREM will be hamstrung
Not only is there no other buyer for product in Zim (unless PREM take the hit and send it to SA at more cost) , but if they enter a new deal an announce it before the court has judged the case (probably early 24) the deal will be used to calculate Canmax compensation.
PREM is screwed until this Canmax issue is sorted out.
Post Canmax deal it has potential but shareholders face the real risk of major dilution.
I blame the CEO, anyone daft enough to open a mine in ZIM and even dafter to think they could go into bed with the Chinese in ZIM has no wisdom
When Canmax take it to court next week, PREM is screwed
Dont worry about making product, PREM will be hamstrung
Not only is there no other buyer for product in Zim (unless PREM take the hit and send it to SA at more cost) , but if they enter a new deal an announce it before the court has judged the case (probably early 24) the deal will be used to calculate Canmax compensation.
PREM is screwed until this Canmax issue is sorted out.
Post Canmax deal it has potential but shareholders face the real risk of major dilution.
I blame the CEO, anyone daft enough to open a mine in ZIM and even dafter to think they could go into bed with the Chinese in ZIM has no wisdom
More shares in issue for loan repayment
On top of the potential £30m+ they will need when the singapore court rule in Canmax favour
(Costs + repayment + compo)
This os heading to court, canmax have no incentive to strike a deal, PREM has forgot who has the power in ZIM
PREMs CEO expects the share price to drop!
Read the RNS!
He is getting repaid in shares, hence he wants more back for his loan.
Why is anyone buying?
This week alone via RNS we know
* they want to raise multi millions from a share issue
* the CEO wants repaying a loan in shares for more than he has sold them for at current prices
Big dilution is staring you all in the face.
Use todays ramping to short and increase your share volume.
PREMs CEO expects the share price to drop!
Read the RNS!
He is getting repaid in shares, hence he wants more back for his loan.
Why is anyone buying?
This week alone via RNS we know
* they want to raise multi millions from a share issue
* the CEO wants repaying a loan in shares for more than he has sold them for at current prices
Big dilution is staring you all in the face.
Use todays ramping to short and increase your share volume.
Percentages of going to Singapore court?Today 11:22
99% yes
1% no
There is no case law PREM can use in defence of the failure of plant and machinery to have a Force Majeure Notice.
This whole episode will cost PREM dearly
While its unheard of a Chinese firm buying up shares to do a takeover, by the time PREM is diluted to around £0.00.10p maybe Canmax will pick it up on the cheap.
That is if PREM can actually raise the money to pay back Canmax including compensation.
99% yes
1% no
There is no case law PREM can use in defence of the failure of plant and machinery to have a Force Majeure Notice.
This whole episode will cost PREM dearly
While its unheard of a Chinese firm buying up shares to do a takeover, by the time PREM is diluted to around £0.00.10p maybe Canmax will pick it up on the cheap.
That is if PREM can actually raise the money to pay hack canmax including compensation.
Well done to any PIs who didnt listen to the rampers last week preaching ‘buy at 2p, re-rate and JV coming next week’.
Next week is with us and as all the graphs show, this is heading well under 1p a share.
Still time for PIs to sell up and increase their share volume as this is only heading one way.
There is no risk of ‘missing out’ on any news this calendar year.