Member Info for steward1

I can't see Canmax allowing GR to continue after 1st April.

You need to look beyond 1st April, Jaglith. As I say, it's in everybody's interest for Zulu to succeed... except shorters.

Orchestration... if you believe that the rise over the last few days has been caused by some sort of orchestration then you'd accept that there can also be a 'bash and crash' orchestration by shorters! I wonder who has been on here constantly bashing Prem?

Bill1010 - absolutely. DYOR and make your own mind up.

There have been several shorters on here and they basically trade on fear. They exaggerate the negatives for their own benefit. I'm no fan of GR - he has made an almighty mess but look beyond 1st April and make your own mind up.

I've said before that it is in everybody's interest for Zulu to succeed... except shorters!

Jaglith - your outlook is based on your assumption that GR has lied about the 500 figure. I accept that he's not known for his accuracy but roll forward with Canmax running the show with Chinese efficiency.

GR will be out of the picture in less than 5 weeks time in any event. I anticipate that Canmax will take on the debt once they're in control.

People really should read the RNS's and not listen to shorters.

GR has made a right royal mess here but I will give him some credit for doing a deal which still gives shareholders a decent stake in Zulu. As I said yesterday, he doesn't expect to walk away empty handed.

How on earth did you get that view?

My thinking now is that GR won't be able to do any placement between now and 1st April... on 1st April Canmax take control as senior partner at Zulu with Prem the junior partner. My guess is that there'll be a 60/40 or 70/30 split in favour of Canmax. They then get the funds to get Zulu producing SC6. I think GR will be/has been negotiating that split.

For existing PREM shareholders, we'll still hold 30% or 40% of Zulu... which will be way more valuable than is reflected in the current sp. For me, it's worth holding and, perhaps, adding.

Roll forward to the end of the year and Zulu is fully functioning and producing SC6 - what value then?!!?

Shorters won't accept the above scenario - that's where their risk is. Do they keep their positions open or not?

For me, the closer to 1st April we get, the better.

Towards the end of last year, I had heard that he was almost certainly resigning and the he didn't and gave some assurance that he would go once Zulu was producing SC6... which I took to mean after they had achieved successful tests. Either way, he's got about 5 weeks left - that's one reason why I think there won't be another placing!

News tomorrow?

'No other logical explanation'!!!!! You've really exercised your mind on this one so to help you...

From Profitbags earlier 'Rise could be for multiple factors including news about to land about: testing commencement, arrival of new parts, new finance stream, new agreement with Canmax, GR fell into a pit and is being replaced.....I suspect an RNS will land soon.'

Wondered when he/she would appear... folks like Jaglith believe that the sp can be manipulated upwards by the placing gods at the very same time as shares are being forward sold. If only it was that easy!

There is definitely news on the way. I believe that there has been activity at Zulu - whether it has been sufficient to make any difference is under wraps for now.

Even if there has been progress on the route to SC6, GR is fast running out of road to prove that the plant can deliver under his stewardship. I know that others will disagree (because they're shorting) but GR has the backstop of the 100m valuation of Zulu. Canmax may or may not want to review this but I believe that figure wasn't arrived at by accident. GR will walk away but not until he has a £3 or £4 million worth of Prem shares to fund his retirement.

Helpful and informative comment from quagpalm! I can guess one thing and be certain about another - what's your point?

This wee sustained rise started yesterday at lunchtime.

It's a good sign that GR has been silent for a while, in my book!! I'd be very sure that behind the scenes he is doing his darndest to get this resolved. My guess is that he'll be doing a deal with Canmax. I am 100% certain that GR will not walk away empty handed!!

Thanks Profitbags.

Helpful and informative comment from stormpiper!

I'm surprised that GR hasn't thrown the towel in yet and sold it. If Canmax end up taking it, from memory, they'd still need to cough up something to Prem.

Just trying to catch up Hasiba - I see there was a wee video showing the plant running recently. Has anything significant been happening at Zulu?

Looks like there's been a leak of some sort?

Where did GR say that they didn't have funds for reagents?

I've been out of touch with this - why the rise? A mate has suggested that the test run is underway and has produced SC6???