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Acker, great post from Saturday at 10:09. You've set out the challenges that GR has perfectly. Is he up to it... probably something that we've discussed before... if all goes well (and there is still a lot that has to go well), PREM moves up a league or two and GR needs to up his game. PREM needs to be way more professional and has to avoid the kind of errors made over the last year. As you've highlighted, he needs to strengthen the bod.
BTW, if we get continuous production going and some decent grades over the coming days and weeks, I can see a spike closer to 1p. I still see a lot of volatility for some time but I'm much more hopeful that this could be the beginning of what we've hoped for!
Now seen both interviews and have ended the week with that sense of hope I had at the start of the week. Glad to see that GR now has a firm grip on the issues... disappointing that he allowed issues raised in April and November last year to be left unaddressed. Stark are clearly at fault but GR is ultimately responsible.
Here's to a much better week next week. Might even get my George Roach Appreciation Society mug out again!
Well - he's got some ba##s doing an interview today. He can get some credit for facing it up. For it to be positive though, he needs to show that he, personally, has a grasp of the issues and he needs to be candid about how long to fix. On finance, I don't think that he's going to say any different to what he has said before but it would help if he gave some reassurances. Some info on how much they can realistically produce in March would help too. It's a big ask but he just needs to be honest!
Seems to me that the so-called 'derampers' called it right this week. I wasn't one of them at the start of the week and hoped that all would go well. 7 years on from first investing and it is deja vu once again with old GR... I really must learn.
Lloydyboy - I'm not prone to exaggeration... the replacement mill is certainly one rather big component in the whole plant but we were n the cusp of production last Spring... that's what we were told... the plant had been built! All these months later and there are still issues with the 'non-ball mill' components in the plant. There's no argument about that.
Just to be clear to everyone, especially newbies - the plant was built and ready to go last Spring (almost a year ago). They have been 'tweaking' it since and, even after all this time, they still seem to be missing key components.
As we all know too well, a day or two's delay can quickly become weeks and months. Still seems to be schoolboy errors in the set up of the plant. I doubt if we'll hear much about progress... much more likely to hear that GR needs more cash. If anything, I'm more disappointed this week compared to last year... another major let down from GR.
Thought that there would be an offer by now but this is OK.
I'm wondering now whether the chairman (who is protecting our interests) bounced JD into action a month ago when he wasn't quite ready to move. We talk a lot about what JD is going to do but, as the RNS highlights, there are moves to get SDRY on a more sure footing. I think the chairman is saying that the recovery work is making a difference so JD may well have to pay more. I doubt if we'll be waiting until 29th March for his 1st offer.
Just looking back at JD's involvement in SDRY... didn't quite clock that he only became CEO again in late 2019 (a few months before the pandemic) after some boardroom battles. With a new chairman in 2021, his intention seems to always have been to take SDRY private but he couldn't have done that through the pandemic or cost of living. Striking now would give him a bargain (before recovery takes effect).
I don't think that he will have any issue in getting support - the big question for me is not whether or not he will bid but how much. I think we'll hear tomorrow or Monday that he has made a bid but that this first bid was rejected. I think we'll then see other bids materialising.
After the SKY exclusive, nothing is being leaked here but remember, the sp is still sitting at almost double the sp of a month ago. Apart from some folk getting a bit too nervous, the majority have taken their positions. Unless there is a knockout bid, I don't see this ending tomorrow.
“Please copy and paste then vote and post to bb…
Gazza........ 0.45
Hasiba…..0.6p
TT1981…. 0.49
BillyBobb99…1p (If we are in production) if not then 0.25
Generator……1.1p
ACKER…..0.32p
Redandy……0.42p
Snowking…….0.58p
Clueless……0.48p
Ralladw…..0.70p
Shinyshiny...0.28
Metalbasher….0.55
Martinigirl…..0.24 - walter mitty moanygirl 😂😂
Elliselblow.....0.57 with production :) without 0.2 :(
Doublingup ... 0.65p with production . without 0.15p
Taeshock.........following RNS ...0.54p
Zangman....0.35p
Steward1...0.25p
Have to confess over the years, I've wondered whether there is a deliberate sabotaging of PREM projects... especially this last year... one has to wonder?? I've also wondered about the content and timing of certain RNS's!?! The alleged cosy relationship that certain individuals have with GR. The alleged early release of key information to certain individuals/groups.
I've no doubt there is spod to be had and Canmax's involvement used to give me some reassurance that it's all above board but...... who knows!!
Https://www.retailgazette.co.uk/blog/2024/02/currys-second-bid/
Bodes well for Superdry. UK retailers are cheap apart from a couple of exceptions and very much in demand. JD needs to deliver a healthy bid to get his wish to take SDRY private... others will pounce if he doesn't.