Member Info for steward1

That's the nature of AIM.

Clearly there is huge potential here. Need to hear some concrete news to realise that sp potential. Patience required.

Https://www.ft.com/content/72aa6431-366b-4409-b3ce-9a99d661473d

Financial Times had a very interesting piece on Stablecoin and the revolution that is about to come. Don't think that I can post the link here.

Satoshipay - I don't do cross-ramping but have to admit to educating myself about BLU in the last few weeks and months. Currently building a holding there... looking very interesting!

As for Prem, I expect news on the LOI and then GH will know how much funding he needs... and then the funding and consolidation will follow.

So the day has finally come... and the doomsters called it wrong again! Let's see how GH responds now that he can look under the bonnet... it won't be pretty! !

Yes, keep this going , I guess that I'm like many in the traditional investment community who don't have a scoobie about crypto, stablecoin, stacks, etc. It's a foreign language but these posts today are very helpful. I think that's probably one of the biggest hurdles to get guys like me investing... understanding and education!

Hasiba - tell me, how is it all going to be structured then?

And what about the consolidation, Snowking?

Snowking - what about GR? What has he told you about his involvement?

Hasiba - yes and then Canmax and/or Glencore will need to negotiate with Prem. Seems fairly obvious to me.

Hasiba - he might not be involved operationally but, if he does stay, he'll be involved in negotiations... therefore, it does matter. Whether you or I think it is good, bad or indifferent is neither here nor there, it is how the market reacts that is the major factor. Can't see it reacting well. Sentiment is changing but GR's extension will not go down well with the market.

Been distracted by ORR yesterday and today - I like to compare and contrast and, at times, I really do despair at how badly Prem has been led!! Anyway, there's a high likelihood that we'll get a RNS saying that there's been a delay in checking out GH's credentials and that he can't be appointed as CEO yet... therefore, GR will temporarily stay in post.

As I've said before, it would be good to have GR in the room for negotiations but I doubt the market will see it that way. So I think he'll be in post until the Glencore deal is agreed or not agreed and until the consolidation takes place.

AlertRNS - yes, I did misunderstand.

AlertRNS - let's see if one of them confirms or denies.

I once said that I wouldn't sell until Prem was worth £1b! Whilst, I'm bullish about the current prospects, some of the predictions of 1p are very optimistic... just can't see it from where we are now.

The reality is that Prem can't hold on to 100% of Zulu... unless there is some huge increase in the sp that allows Prem to raise enough funds to deal with the debt and persuade Canmax to extend the offtake agreement again! I think the best that Prem can do is to retain 49%... having said that, this has always been my preferred approach, i.e. get a major in as a senior partner. A major is more able to deliver increases in production and to exploit other areas in Zulu and other assets... and to do it quickly and efficiently.

The more likely outcome now, I believe, is that Zulu is bought outright and Glencore are in prime position. It would be great if others then wanted it as well and a bidding war ensued. For me, it's a real possibility that there will be more than one interested party.

FWIW, I very much doubt that the current state of the plant is going to be the major factor in determining the value of Zulu. A major will be more interested in how much lithium and tantalum (and other minerals) are in the ground. I suspect that they're all confident about getting the plant operating now without a huge investment. I think Snowking's valuation is in the right ballpark and I'd expect Glencore or whoever to move quickly.

On Snowking's re-appearance - on the one hand, this signals a real positive but I'm surprised that he's bold enough to show his face again. On the other, I have to be very clear though that his closeness to GR is a real issue for me. You can come to your own conclusion on whether he has benefitted from this relationship in the past. Perhaps, things have changed but I will take any contribution from him with a spade of salt even though I happen to agree on hos valuation!

Sp this week - 0.05p - 0.1p!

Coldsteel33 - excellent posts this morning.

Some of these folk are completely closed to the slightest suggestion that there is any movement forward and you've quite clearly demonstrated that Prem has taken major steps forward in the last few months. We're also very aware of the history and the risks - which, I believe, are all still priced in.

For me, the likelihood of existing holders benefitting in the future in a big way is good. There is a route to success now... I believe we're going to get there!

I've no doubt that GH will be CEO very soon.

This probably goes against all my instincts but I think I would still want GR in the negotiating room... shoot me down, if you like, but he's proved time and time again that he can do a deal and that he won't roll over and accept a bad deal.

I think we'll find out in a few weeks why GR has clung on and clung on - he'll make millions more out of this.

Now that he's taken the money with this placing, he expects to be in a stronger negotiating position and/or he doesn't know when Glencore will act... I'm now thinking it could be a couple of weeks before we get something from Glencore. Either way, it's the right thing to take the cash.

Doomsters have gone silent - my guess is that they're arguing amongst themselves about whether to drop the doom-laden predictions and buy in.

Jaglith - I choose my language carefully and said that there was a case (an argument, if you like) that there would be no placing. And I've also argued that using up the remaining headroom could be absorbed easily.

I don't like the 'you were wrong/I was right' approach but I'm going to make an exception -

In the past, you've claimed that Prem would fall into the hands of Canmax and that holders would lose everything - it's not happened.

You've claimed that Canmax would not extend their agreement with Prem - it happened.

You've claimed that no-one would give Prem a LOI - it happened.

You've claimed that the plant simply wouldn't work... ever - it does.

All I know of you is your posts on this board and I don't really know if you're here to make money or not. My guess is that you've been attempting to short this and on each of the calls above, you've had a major setback. If you've got any sense, you'll take today as the turning point... a short position isn't going to be your best friend in the next 6 months. AIMHO.

Acker is conspicuous by his absence - hopefully, he's OK and simply decided to jump off the doomsters wagon.