Member Info for steward1

Possibly Acker. As you know, I'm not a fan of GR - I'd give him credit for getting the deal re-started with Canmax but apart from that???

I'd like to see better oversight of Stark as well. And I wonder if there have been any personnel changes in any of the teams?

When it gets to the point that a few weeks delay turns into more than 6 months then something has to change! As the major shareholder, one might expect them to act.

I should have added that, like others think, if Canmax step in, I think the sp will recover.

I think GR will have had to get agreement from Canmax to the change in approach outlined in the RNS so I think they are probably on board already. My guess is that this change in approach has been on the table for a few weeks. The current agreement anticipated that there might be issues and further delays - not sure if that helps GR. What interests me is whether they will extract a cost when GR is looking for finance - GR's coat was already on a shoogly peg. This time round Canmax have a much bigger holding and could easily take GR out. It really depends on whether GR has kept communicating with them. If he hasn't, he is toast... but, even if he has, Canmax must be thinking that this guy does not have the wherewithal to get the job done!

Acker - my main thought then was to try and get GR out of the driving seat. JV seemed the best way. Up to May, the current approach seemed to be working but as soon as that 1st delay happened (and then GR's trading became public knowledge), I concluded that he was only giving us a snippet of the issues they were facing. GM at Stark has not helped with his 'shooting the lights out' attitude.

Having said that, I think that the decision to focus on the upgrade is the right one. The sp drop has probably been over done - my guess is that there's been plenty of folk who had assumed that shipping wouldn't happen.

Doubt if the Chinese are happy at all so I'm watching with interest!

Might end up with Canmax owning close to 50% in any event.

I'm going to go back a couple of years when I argued that the best approach for shareholders would have been for Prem to become a junior partner (49%) in a JV... GR has resisted any offer/partner which would have left him without control. I'm not sure that he will be able to gather enough support for him to stay as CEO if Canmax decide that they want a change at the top. For me, it would be highly desirable to see GR removed and this in itself would boost the sp significantly.

I guess a sale price has been set as £200m minimum due to the current agreement... I think some of us would find it difficult to turn that down!

Not sure what your point is Peculiar - I didn't refer to Stark! Shareholders and Canmax need to know what's in the ground and, so far, there is little concrete evidence that there's enough of the right stuff.

Given where Zulu is at then it does seem a sensible change in plan. However, it shouldn't have gotten to this stage in the 1st place and one has to raise a major question around what is actually in the ground!

The approach, avoiding going down the DFS route, doesn't feel so clever now.

Another fine mess!

CLON is worth a look at if you're looking for big potential.

I'd certainly like to see a steady rise too.

Referring back to the 25th Sept RNS, it's clear that CLON are already working closely with the Bolivian authorities - it would be a massive boost to the JV (and the sp) if news dropped on the Bolivians allowing large-scale production testing and construction of mobile pilot plants (might not just be Bolivia)... I don't have any special insight into this but I think this news could drop anytime. Proof that the pilot plant in Texas is working may or may not be announced before this but I think that Clon and the Bolivians will be ready to move to the next stage rapidly. I reckon that significant news is going to drop soon.

I appreciate what ASI is saying about timing of field results, etc but I'm more inclined to think that the sp will accelerate when the above news drops and that this news will drop soon.

It also sounded like Clon had or was about to take part in a bid-round on medium-sized salares - news on a successful bid(s) would also be massive for Clon (and the sp).

ASI - I think we're also looking to the relationship with the Bolivian authorities being formalised and developed further. We also know that other countries and organisations have been interested in the tech. We could get news anytime that one or more of these are moving forward.

Some definite news from Ghana should also be coming at some stage although I accept that we've been waiting for years on this.

Hey Acker - hope you're well. Seems that GR's curse has returned! I really wrestled with selling when it hit 1p... have to admit that I substantially reduced... First decent decision I made on Prem!!!

I've referred to this deja vu feeling a few times... can't shake it I'm afraid. It all feels like GR's never learned anything from previous misadventures. Hoping that there is good news soon but.....

Agreed ASI... if there is definite good news about Bolivia or Ghana then I'd expect at least to return to the recent high within a trading session. The drop was overdone IMHO.

Franky - you might get there sooner than you think!

I haven't heard any specific leak about any specific project but I'm getting CLON mgt are very bullish and confident. Suggests to me that there could be very good news coming from Bolivia, Texas and/or Ghana.

I'm not known for my optimism but I really like this company and this could be a multi, multi bagger!

Sharebel - I'm not the shareholder that you refer to but CLON is about to enter a very, very interesting period! I believe that we're getting news on Bolivia soon.

I would not discount some movement on our oil assets too!!

Hold on to your hats!

Haven't commented for a long time and thought that I'd pop back in having seen the CLON comment. Current PREM situation doesn't surprise me at all. GR has no track record of delivering whatsoever - ominous sense of deja vu yet again, I'm afraid. Seems that there's a fall out with Stark and they've decided to do their own PR... perhaps they've concluded that GR is not to be trusted. Still hoping for success here but it's been a rocky road.

CLON's sp performance hasn't been anything to boast about over the same period but I think it's one of the most interesting shares on the market. Could go stratospheric like Prem did!

Https://www.nstauthority.co.uk/regulatory-information/licensing-and-consents/licensing/

Have Orca missed out on the 1st tranche of licensing awards?

Formerlyeasyp - no-one is selling 9.35% of the company... read the RNS! The Harding's are selling 0.6% only and I'd suggest that it might be the same party who provided the £350k earlier this month.

I'll give you that scooby - the Green Party coalition has not been a good one for all sorts of reasons!

Partygate, lying, the clown that is Boris, Brexit disaster, the car crash that was Liz Truss, billions defrauded during the pandemic, countless sexual allegations, high interest rates, highest ever tax burden... just tell me when to stop... no clue, no vision, out of touch, complete self-interest, bad decisions that cost lives in the pandemic, reneging on climate change policies... etc, etc.

Announcement on Monday!