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It seems that there were some whispers earlier in the week about CLON (which I missed completely... if anyone can shed any light that would be great). Today's buying signals that there is something big coming along??

Both CLON and PET are due a bounce back but it's CLON that has taken the big jump today... suggests to me that there is a leak on CLON.

It's not plumetted back down to 0.o6 yet so there could be news coming.

watch out for that 2nd wind!

Lithium news?

Must be due some news?

My sentiments exactly, KingJoules!

Dakad - I suspect that they're in a closed period and TJ can't buy any until that period is over. Results are due next month I think. Of course, if there is to be a rescue package then he is likely to be one of the main parties.

Hey SK - that strategy should bear a lot of fruit once GR has the pilot mine operational but that figure of 8-10mt won't shift the sp. I think that it would need to be double to get some traction and I doubt if he will be anywhere near 20mt. However, my hope is GR has already started planning for what happens with the rest of Zulu and the EPO area once the cash starts to roll in. If we can hear something of that then I'd be further re-assured!

Hey Acker... can't promise that I'll post as frequently as before. One thing that does please me about Prem is the relative stability in the sp and the progress. There's still a lot to be done between now and that 1st sale but I'm reassured... GR might get on to my Christmas card list!
I think that we're all just hoping and praying that there's an end to the madness of the Ukraine war and that it doesn't escalate!

Another day on and still no 'rescue' package... are they going to trade their way out of this?

Managed to break my habit of being addicted to Prem and this board so I haven't posted for a while. It's reassuring to see the results and the brief update on progress. However, it's no surprise that the sp isn't shifting much and I'm not sure what will now until GR has money in the bank from the first sale. There still seems to be no timescale for the RUS and DFS... and, even then, there could be some disappointment at what is documented. We know that Zulu is massive but that won't be reflected in either because of the focus on delivering the pilot mine.
My hope was that we'd see 1p this year but I'm not so sure now. I'm now hoping/expecting to see a massive re-rate come Jan/Feb.

ASOS numbers are out this morning and I think it's fair to say that the numbers are not as bad as people think... sp up around 10%. Could suggest that the same applies to Joules... could be not as bad as people think!

So JB and TJ are announcing their plans internally without an announcement to the market. It's looking more and more like they have a plan without having to come to the market urgently for cash.
If that's the case and the sp has been dragged down by the market to these levels then I think we can expect a very, very healthy rebound. AIMHO!

I agree that a fund raise might help but I don't think that it is going to be anywhere near as bad as the sp currently suggests... so if a rescue is coming, I reckon the sp will shoot up. If they don't need a rescue, the sp will shoot up. Of course, there's a risk that the sky will fall in on this but I think that they've steadied the ship!

The majority of retailers make the vast majority of their money in the last quarter so I'm still of the view that they might attempt to trade their way through this... there's not been a panicky, mad rush to the market for more cash. The new CEO ended discussions with Next on the day he took over... at the time, the injection of cash sat at £15m... not a huge amount of money... a good month or three could make a big dent in that especially if they've made other cuts. IMHO this is cheap as chips!

I think I agree BAttyMan - over at Superdry, Shroders have taken a position plus Julian Dunkerton has increased his holding. Maybe UK retail isn't quite as bad as has been portrayed. Feeling rather more confident this morning in Joules and their ability to trade out of this... or with minimum impact on holders.
Added to that, Jeremy Hunt was saying all the right things yesterday and some confidence was being restored all round.

Pokerchips - I've got this suspicion that the new CEO and TJ are looking to trade through this. I'd have fully expected a rescue package by now if they were in deep trouble (that seems to be the narrative) but, because one hasn't appeared, I think they could have a plan to get through to next year and beyond without the need for one. Given today's political developments, the future might begin to look a wee bit more rosy and the escalation in interest rates might be slowed. Joules could well surprise and might just be cheap as chips just now! IMHO!

I do wonder if they're attempting to trade their way out of the current predicament. Given that the issues were first highlighted several months ago, one might have expected a 'rescue' deal by now if they really needed one. They don't seem to be panicking and on the day that the new CEO took the reigns, we had the announcement that the Next discussions were ended - coincidence or did JB and TJ put a stop to the talks because they have a different plan? A good final quarter could see them through well into next year so, perhaps, a restructuring isn't imminent!

knowbodyyouknow - I agree... the Co will survive and thrive under some guise. Personally, I think any fundraising has already been reflected in the sp and whenever the announcement comes, the sp will rise. I reckon that they only need a few 10's of millions (not 100's of millions) to survive and to get back into profit... something which Richard Teatum will know and I'd like to think that he'll be taking a suitcase full of cash to his meeting with the Joul BOD. I wouldn't be surprised to see a fundraising where Teatum and 1 or 2 others take a bigger stake. Simply don't see a scenario where current holders are wiped out. AIMHO