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I only caught the first few minutes but I thought GR said that the RNS would be early next week. Did he specify 1st thing Monday morning?

Need to go - would be great to hear what else he covers. Just need a Scotland win tonight now!

Well done George!

SUPERB RESULT!!!!!

Elliselblow, you're right... I'm sure that we'd all rather not have the uncertainty and nervousness! I'm hoping for the motion to be passed and for the deal to be announced next week but prepared for more volatility next week if it's not.

If the motion isn't passed, it isn't the end of the world, Elliselblow. My assumption is that GR is providing enough of a loan to see us through to getting, at least, cash through the door. The FM is still in place and Canmax might be stymied for a fair few months allowing Prem to get production up to a level with sufficient cash to pay back Canmax itself. I'd say that would be a pretty good place for Prem to be in. I'd call this Plan B with Plan A being a deal with Canmax.

Plan C would be to get a replacement for Canmax.

I think GR has put us in a good position whatever the outcome this weekend.

Absolutely not, speel.

Prem needs headroom to avoid the situation recurring but more importantly, there is a huge EPO area to be explored!

I'd be surprised if there was a share dilution on Monday. If he can issue shares then that means the motion was passed and more than likely with the support of Canmax. If Canmax support the motion the there is a deal.

I can't see a scenario where he does a share dilution on Monday!

My guess is that someone is hoovering them up behind the scenes because they've got wind of a deal!

Clueless - someone could be hoovering them all up!

Btw, I'll stick my neck out and say that if the vote goes our way and there's a deal announced, it will add 100% plus on Monday morning!

0.58 paid.

mm's have taken what they want this morning... do they know that there's a deal?

Looks like mm's have been holding this back earlier and have now taken the shackles off!

Rumours are that Pringles will be back in fashion this winter... he'll be stocking up!

Acker - if they haven't done it yet then it's just a matter of time, IMHO.

The ideal would be to get the motion passed, have the deal announced on Monday and Stark confirm that they've produced SC6.

I'm trying not to read too much into the info being provided and what is not being provided. The update on the loan was a surprise... for me, because Prem had not drawn on it at all. Probably because Stark had been footing the Opex costs. Why would Prem now need to draw on it... possibly, because Stark had produced SC6 and have now stopped funding the Opex?

PD101 - if the motion passes then I think it means that Canmax have voted for it and there will be no dilution. Part of the deal will be them continuing to fund Zulu. You have to remember that the headroom motion had more to do with defending Prem.

AIMHO but you have to remember that GR is playing this game of chess extremely well.

Spent some time making my assessment of the situation after my glass half full comments earlier and I'm certainly leaning towards a deal subject to Canmax voting for the additional headroom. I think the loan is part of the mix (Biztech has made some reasonable points about that - not sure that I agree that GR will fund that by selling Prem shares though).

Canmax may well be upset about the FM and I agree with Acker that there will be some give from GR to compensate for this.

If there was no deal or no prospect of a deal then I'm pretty sure that GR would have known that last weekend. He would have had to have updated the market by now.

The silence from Stark is interesting as well - I think GR has insisted on radio silence to maintain the FM position. Gut feel again is that Stark have made progress.

Given Canmax's action at the last vote, GR is right to wait until the actual vote before announcing just in case and insisting on silence about progress beforehand.

If there is a deal then it's lift-off on Monday.

Canmax would be wise to play the long game - quite apart from the Li3 news, as many of us have highlighted previously, the big prize is in the EPO area.

Looking forward to this weekend - Scotland win against France(?), family celebration for a significant birthday for yours truly and a positive outcome for Prem!

I agree johnnypc - GR has been a wiley old fox when it comes to protecting shareholder interests and in the long term, for lth's, this current drama could work in our favour. It could become messy though and Canmax might turn nasty.

If the vote isn't won and there's no deal, I have no doubt that next week could be rough. GR has managed to keep a lid on what is actually going on and I expect that to continue if the vote doesn't go his way.

Johnnypc - I agree. If Canmax vote against then I'm inclined to think that GR may not get 75%. It will signal strongly, IMHO, that Canmax are going hostile. There are hundreds of millions of pounds/dollars at stake - it has always been a possibility in my mind that Canmax ultimately want to get all of Zulu and Prem on the cheap.

Just my opinion Kellysheroes but if there was to be a deal with Canmax then I reckon it would have been announced earlier in the week so that could influence the vote. However, the lack of an RNS on a deal could signal, though, that GR has made a deal conditional on Canmax voting for the motion... I'm hoping for the latter.