Member Info for steward1

Must've been a leak somewhere??

Would be interesting to see if there's a load of buys coming from Taj.

Or, maybe, AP has headed back to Zim!

Possible sale of BP and pivot to Taj where there seems to be plenty of opportunities.

Market cap still only £11m... still has a way to go... and depending on news, this could fly!

Raaydaar - I agree with you about the date for the first LOI... 30th April or else GR will be asking for a 30 day extension. It's in black and white in the RNS. Doesn't matter what is then said... the RNS trumps anything else.

Would be very interesting indeed if Jones is adding again!

I guess that there could be a number of possibilities for the rise but, remember, the market cap is still less than £10m so it could just be the market adjusting. I would've said that the diamonds is least likely. I reckon though that the fact that there hasn't been another fundraise points to income increasing substantially - BP could be more than wiping its face plus the other projects could now be producing some fruit. Could also be a bid coming in now that the ship has been steadied or that more projects are on their way from Taj.... or a combination of all of the above.

Let's see an RNS, AP.

If you don't think that a share can rise from the ashes, take a look at VAST (now a 5 bagger since the lows of November... and that's without significant news)... Prem is heading the same way!

AP's plan is working... it would be good to get some sort of update from them. That should boost the rise even more.

Well said, iky786... you got there just before me. School playground stuff!

Prem will deliver some big news and, to counter the doomsters' case, if any of Prem's current creditors had wanted to push Prem over the cliff then it would have happened long, long before now. You should ask yourselves why it hasn't happened - they've had the good part of a year to do it. All of those parties recognise the value that is there in the ground at Zulu and that there's a few tweaks needed to get the plant producing sc6. It's in everybody's interest to get Zulu working except for shorters and vultures.

The greater risk here is to short Prem.

AIMHO

DYOR

Well, might be fitting to get the RNS confirming the LOI on Tuesday after the Easter weekend... PREM finally resurrected from the dead!!

Raaydaar - the sp has risen 207% in the last month when doomsters like yourself were saying that Prem would go bust. Tells you everything that you need to know about whether the agreement has changed everything or not.

Doomsters and shorters are taking the bigger risk here.

Raaydaar - you have completely ignored the fact that there is an updated agreement which changes everything!

Yes, AlertRNS, you're probably right - he thought that the sc6 would be rolling off the plant though.

What do you think - feels very much like the period just before Canmax were announced?

I'd be gobsmacked if any holder thought that there was any value left in Circum - written off years ago. GR used funds for the Zulu DFS to buy Circum instead about 7 years ago... one of GR's worst decisions!! Nothing progressed due to the Ethiopian conflict.

This news has been out for a while, I believe. If Vortex manage to recover the MLA, it would be positive, I guess but it's unlikely to have any effect on the sp anytime soon.

The RNS is a non-event.

Take the blinkers off, Jaglith!

No contradiction, Jaglith.

And, of course, Canmax wouldn't have put their pen to the updated agreement unless they had confidence that there would now be a resolution that suited everyone.

Jaglith - Canmax structured the updated agreement. GR will negotiate with any new party coming on board... but Canmax need to be happy. There is no contradiction.

If you did less mischief making, you might get a wee bit more credibility on here.

Jaglith - I have absolutely no doubt that serious discussions are taking place with serious interested parties.

I may have had some doubt in the past that GR could get a deal over the line because of his insistence that he remained in charge. That has all changed. Canmax are all over this. They want assurances that they'll get their initial investment back and they want their Zulu sc6 for years to come. They've clearly decided that GR is not the person to achieve this so they've structured the deal to effectively sideline GR. I believe that they've listened to interested parties who have not been prepared to work FOR Prem and GR... the updated agreement now allows a different way going forward.

Canmax have done all holders a massive favour! Make no mistake, though, GR will want to walk away with a healthy share price so I expect him to get a decent deal.

Martinigirl and yourself seem unable or unwilling to grasp this. I fully expect to have a LOI as early as this week.

I've said before and I'll repeat that shorters are taking the bigger risk!

DYOR AIMHO

The small volume recently means that the vast, vast majority have taken their position and are holding waiting for the news to drop. Day traders trying to make a buck or two one way or the other... some will always be caught on the wrong side of the trade. The spread will close and sp will move north today... blue day ahead.

I'd agree with Martinigirl if the debt was $200m and if anyone had taken any serious action against Prem to recover their debt but they haven't. Debt is only $20m and not the barrier that she thinks it is.

I'd also agree if Canmax hadn't given this olive branch. They clearly believe that it is viable for a 3rd party to get involved. Canmax want a serious partner going forward.

I expect volume and the sp to increase.