Member Info for steward1

Correct me if I'm wrong but it looks as if there's a bot hoovering up shares in very small quantities... a quick scan and it looks like they're buys. Happened yesterday as well.

Ask yourself why that would be happening!

Glad that you've got a sense of humour, puma, because you don't have a sense of balance!

Watcher36 - I don't think this is going to reach suspension. I appreciate all the scaremongering about it never coming back and people losing all their money but do you think that Canmax are willing to toss a coin on securing a significant chunk of their lithium supply for the forseeable future? GR has seen to it that they have no claim on the assets... they need to make a deal or make a bid.

So what is your motivation in posting, THEPUMA?

Canmax can make their cheeky offer and it would be rejected. That would then provoke bids from other parties and Canmax are not guaranteed to win out!

Johnnypc - I'd be very surprised if GR is not talking to other interested parties. Gr does appear a gentle old Grandad but Canmax clearly upset him with the new terms. Canmax have to be very careful because they need to secure supply of lithium. They've got contracts to fulfil themselves and no doubt they'll have others in the pipeline but they need to secure the supply. It would be madness if they lost Zulu.

I think the trolls have done their worst, Medjed. The ebbs and flows are fascinating to watch but the bottom line is that Canmax cannot afford to lose Zulu or Prem. They will either do a deal (and GR would be wise to compromise a wee bit) or they will bid. Of course, they want to extract more from Prem but they are running the risk of losing it altogether. Personally, I think we'll see some move from Canmax this week... they will not want this to be suspended. I believe that GR is absolutely determined not to give anything away cheaply and he is prepared to wave cheerio to Canmax.

Romanwolf - wait for the Stark Stockbox interview.

It would clearly be a deliberate ploy for GR to delay the accounts and suspend the shares... whether he would get away with it or not is another question.

The FM has bought GR time to get the plant fixed and a deal done so the suspension of shares would have another purpose. For me, I think that there was pretty strong indicators that Canmax suppressed the sp in the run up to the original deal. Are Canmax doing that again? If so, a suspension would prevent the suppression and once released from the suspension, the sp would rocket. Why would Canmax suppress the sp at this juncture... because they want to do a deal.

So... I think a suspension would be excellent news for holders.

No matter the speculation about what is going on, it is very clear to me that Canmax are not going to walk away. When one looks at the terms that GR rejected, you could be excused for thinking that Canmax could have been way more severe in trying to extract more from PREM... they want to do a deal but they need some give from GR to save face. Either they will do a deal this week or they will make a bid.

Again, whatever you think of GR, he is defending our position extremely well!

BTW, there are some reports that Stark are ahead of target in getting the issues with the plant fixed!

Watcher36 - Monday's RNS was probably the worst I've seen from GR BUT, by no means, is it the end of the road. Whatever I think of GR's competence, he seems to be giving as good as he is getting. Canmax will not want a long drawn out issue with the timescale for getting their lithium getting longer and longer. The terms that GR is objecting too can be addressed to everyone's satisfaction.

I'm fairly sure that you've bet on the sp falling further but be careful, the slightest hint that there is a deal or that there is a serious 3rd party and this will soar.

Radika - I speak my mind. I don't expect you to review my historical posts but I've been pretty consistent for years about my views on GR and the potential for the assets. The current situation is an utter mess but I think common sense will prevail. Canmax are doing exactly what any company would do in the same situation.

Anyone who presents everything as great (e.g. SK) or anyone who is saying that Prem is going down the drain (e.g. watcher36 and Joey) are the types you want to take with a whole heap of salt.

DYOR watcher36!

Milnrowmug - if I had done a wee bit more research at the time, I might not have invested - there had been some other issues but I was blinded by getting on the lithium bandwagon (even back then). If GR had proceeded as planned at the time then I'm convinced that we would be a multi-billion pound company by now plus we would already be in the EPO area. Nevertheless, if GR can navigate us through this sticky period, we can still be a multi-billion pound company. It's a funny old world!

BTW - I'm not far behind you age wise.

Watcher36 - you really need to keep up.

Johnnypc - my first negative experience of GR was when he used the cash raised for the DFS to buy more of Circum (2018?). Where would we be now if he hadn't done that... as you say, we are where we are.

acker - yes, the EPO is the real prize! That's why Canmax wanted a slice of Prem rather than just a slice of Zulu!!!

I think the bottom line here is that Canmax are not going to walk away and lose the lithium in Zulu or the EPO. GR may well show his legs to some other prospective partners but, in the end, there's a deal to be done with Canmax which everyone can benefit from.

Jaguarflush - a long time ago, I was looking for GR to have a JV on Zulu rather than the 100% ownership route. I was proposing that Prem would be the junior partner too. It would have de-risked everything and there would have been a joint effort to resolve any issues. Unfortunately, the issues/risks with the 100% route have come home to roost. GR and Canmax are working something out that should be acceptable to everyone... we should hear soon.

Acker/johnnypc - fundamentally, I think SK was naive. I think GR probably did use him at times and probably gave him snippets of info that the rest of us didn't get. He may have benefitted from this as the sp rose. If SK was truthful about the dinner that he had with GR and the Stark CEO, he must be absolutely fuming because clearly they were not straight with him. If he was not truthful with the rest of us and knew that there were bigger issues then one could argue that there was some insider dealing going on.

If he was caught out like most of us on Monday morning then he and his family might be sitting on a loss of at least hundreds of thousands, perhaps, much more. Wouldn't wish that on anyone, actually.

I believe that he's a surgeon by profession... they're known to be risk takers. You have to have balls to do the kinds of stuff that they do. They can also be arrogant dicks, though, and no-one can tell them that they're wrong!

At one level, I find the Joey and Watcher show amusing but at another level, their scaremongering and de-ramping is pretty serious.

Can't emphasise strongly enough that you need to DYOR!

Watcher36 - it doesn't take Einstein to work out that whatever was in those bags was not up to scratch. That's why the adaptions to the plant are being made. Old news... keep up now!

I'll declare that I added this morning too.

Suggestions that Prem will go bankrupt or that you'll lose 100% of your money or that shares will be suspended for a year are just silly and the lowest of the low.

DYOR... look at the assets, who is involved and who is interested. Neither GR or Canmax are looking to flick the nuclear switch on this.