Member Info for Tygra

Here is a case in point of a poster who opens a thread to 'suggest' an issue and then perpetuate the argument to bring in doubt where none need exist. This is not 'trying to get in lower' and posters who think that way completely miss the point. There's no requirement to get in lower on a stock that is already lower than shark sh - it, it is merely for amusement or to purposely hijack a board.

If you will open your eyes you will see blatant attempts to 'take the proverbial' and then you can do what I and many others do, filter them as they add nothing of value. But to those who jump on any poster with a legitimate concern and call for them to be 'reported' because you don't like what they are saying, well, you're just as bad.

The reality is that we know SOU made an offer for ANGS' share of SFB that was circa 1.5p per share. Since then GL has bought the remainder of the field yet we sit at 1.15p on the bid. We know this is undervalued based on the 'projected' income from the gas contained in SFB but there is ZERO trust in anything GL announces. Until he proves categorically that this well flows as announced, we will stay down here until a short time before the news is released because as always, it will leak (the news not the gas hopefully).

However, when it does it should not be a surprise so there's no need for 'well done alls' as nobody has done anything that can be classed as an achievement. You either hold and the price you can sell your shares for 'should' be higher when the tap is turned on, or you don't hold so it doesn't matter if it does or it doesn't.

All the best

360phil

I agree, posting uncorroborated bollx is inexcusable. The same as last week when the bid moved up a measly 0.10p, a post by one of the perma-deluded stated, 'looks like friends and family of the workers at SFB are buying in', received a load of recommends. That is also complete and utter claptrap but all of those who WANTED to believe it believed it.

This stock requires no 'excitement' or predictions as it's painfully simple what WILL happen. The gas will flow from the well and be sold at some point in the next 2 weeks. Anything longer than that without clarity and the market makers will hammer the price and lots of the 'lol' posters will be selling while claiming they are buying.

This field structure is literally a basic lego set on a stable platform being plugged in to a proven resource that's ready to flow lots of gas. It WILL work because it has engineers who do this for a living putting it together. This isn't an exploration to see if something is down the hole or not, we know it's there and we know it flows.

All the best

Hello all

Seeing as though we are still waiting for any form of RNS for any form of news, here's what 'could' be our next RNS:

https://www.lse.co.uk/rns/ECHO/extension-to-publication-of-2021-accounts-4x61evyqumhdh6p.html

If our BoD still haven't got their shizzle together and remain incapable of publishing something that ended 6 months ago, AIM will gladly allow them to kick the can down the road further and leave us in the dark for a few more months.

Regardless of whether the accounts are published by 30th June 2022 or not, they won't give us any information specific to the proposed sale so there won't be anything worthwhile to read apart from some WK production information if they bother to include it.

All the best

'Unfortunately thus far it has done the reverse. Any thoughts as to why?'

Because it's complete and utter nonsense. It might go up, it might go down, it might stay the same. There's EVERY chartist right there. Oh look, Venus is in a reverse cosmic cowgirl, clear run to £3.26, until it isn't and then it's not clear any more and the chart said it will go down again. Oh look, an RNS with some news that can be valued by the market, the price has done something completely different, wait 15 minutes while I adjust the technicals (make the current price fit my narrative retrospectively and then 'predict' another move that won't happen and then claim it's not the chart's fault).

All the best

It doesn't have to be a success because it's a simple well with gas already there and it will flow. It was in production previously and all the pressure build up since 2017 is going to help once the taps are turned on. It either happens this week or it's delayed due to yet another failure by the engineers and management. I stated a long time ago that I believed we wouldn't be selling gas until July. It's July at the end of this week so we shall see if GL can at least be somewhere close to one of his 'confident predictions'.

All the best

GL stated the 27th or thereabouts for the gas to be leaving SFB in exchange for cash. The complete and utter drivel brigade stated, 'it will go no lower' (it did), 'you have to get in now' (you don't), 'gas gas gas' (no no no) and even that friends and family of the workers were buying in because the volume was so high, that should tell you all you need to know about the delusion afflicting a lot of the posters on this share.

Add in the 'chartists' and basically they ALL continue to be completely wrong yet profess that only they know what's happening and how great everything is going to be when the price is 10p per share in a couple of days due to GL's genius.

It will be up and running this week (or it won't). If it isn't we may or may not get a reason why or we may just be left to wait while people continue to state that it has failed for definite or it's just a snag, both of which are guesses and both of which can't be known until the company tell us.

Enjoy the day

ProfitSeeker68 - This is an idiot's account guys...... be careful listening to this

Like a good coffee, filtered.

And if the 'current' SC6 price nosedives, GR will 'expect' the pre-payment to be liquidated by 2026. This plant has to be built from scratch in Zimbabwe and then produce at the rate he hopes it will from no later than the end of March 2023. Twelve months after is March 2024 and based on small mining companies very rarely if ever completing what they say they will on time, there remains risk.

I hope it all goes smoothly and that the targets are met because that means more chance of an increase in the share price. However, as the world has proven over the past few years, a lot can change very quickly.

The market has responded according to how it sees today's RNS, so have the chunky sells. Let's see how long it takes before the price you can sell your shares for is equal to what it was before GR 'awarded' himself a staggering amount of free shares knowing this deal was about to be announced.

All the best

milnrowmug

If GR can get the entire plant built, up and running and producing at a rate consistent with his estimates then the debt will be repaid 'possibly' in 2024 sometime. This excerpt from the RNS details what is required to pay them for providing the funds:

'The sale of SC6 will be priced at a discount conditional on the approval of the Minerals Marketing Corporation of Zimbabwe on the first 50,000 tonne of SC6 shipped ("First Delivery") or until the Pre-Payment Amount has been fully liquidated, whichever occurs first.'

If the other stockpiles can be commercially sold while the SC6 is being processed for Suzhou then that's a good income stream. It may turn out to be a good deal in the long run but for now it leaves a lot of construction and market risk while we wait.

Time will tell, I just hope the share price doesn't drift down much lower while time ticks by, GR should hopefully be progressing something else now ZULU is partially taken care of.

I would NOT have done this:

https://www.lse.co.uk/rns/PREM/grant-of-options-yaxhlrzq8qdy285.html

Particularly as it was obvious with the massive volume that they were forward sold and diluted the current shareholders immediately before he released news of a proposed deal (crashing the share price).

And Wolf, Suzhou require repayment from the supply of 50k tonnes of spod at a discount at a specific amount per month from end of March 2023. If the plant isn't up and running and producing interest is added and rolled up. If it isn't up and running and producing by the end of May, Suzhou cancel the deal and take the assets.

My point is that it's nothing but cash going out and none coming in and the cash going out belongs to Suzhou until it is paid back.

This large sell:

24-Jun-22 12:48:32 0.34491 12,125,982 Sell* 0.34 0.36 41.82k O

And the many others we have seen since this RNS was released is the reason for the share price hardly moving. It will go lower over the coming days and weeks and will drop further until solid news outside of ZULU comes along.

It's a jam in 3 years (maybe) RNS. There's no income for PREM anytime soon, only outgoings, and Suzhou get paid back for 3 years or longer depending on performance before PREM can even make a bean. The market for spod may not even exist by then as something else may take its place and do the same for less, nobody knows, hence the massive risk.

If Suzhou love the spod so much and have the money to fund the plant and take a large stake in PREM, they could very well make an offer for the company. But based on this RNS, they don't need to because they have ALL PREM's assets as security now.

It's nothing to do with a poor market environment, this RNS would receive the same response no matter when it was delivered. It's poor.

All the best

Nonsense headline far removed from reality. 0.34p to sell your shares and with the amount of trades doing just that, it could very well end up red.

We've been had, plain and simple, Suzhou have ZULU locked up and as shareholders we're unlikely to see any return with GR at the helm. As with so many UK mining shares, a takeover is the only way we'll see a return.

All the best

SB

We all know gas will be out of the well and into the market at some point soon (days and weeks hopefully, no longer months and years). My view is that GL and the tie wearers cannot be trusted and they absolutely string the market along because they never want to lose interest in the share. They create FOMO where none should exist.

I've seen projects of national importance be touted on national news as 'close to completion, just a few snags to go', when in reality they were nowhere near close to completion. An example is the Tottenham Hotspur stadium, it was all over Sky news and all of the other sports channels stating it would be ready for the next season.

Reality was somewhat different as one of the electrical contractors was a friend of my cousin and he told him they hadn't even started the wiring yet because most of the internal walls were still not built. It was basically a shell and yet people 'believed' it was going to open when the suit and tie brigade told them it would. Needless to say they spent a season playing at Wembley because it's hard to play football in a construction site and even harder to watch it when there are no stairs to get in.

Gas will flow 'soon', nobody is missing out because if people wanted in they can still buy today for less than they could when GL 'bought' the rest of SFB.

All the best

Market capitalisation of Genel will soon be the equivalent of one year's production. Yet another poor BoD sitting by while the company burns. Please use your cash on account to acquire assets away from this KRG cesspit. Every time you think they will honour their contracts they kick you in the teeth. This will not change.

All the best

Yes, only another 30% and we'll be back to where the price was before GR awarded himself hundreds of millions of free shares that were forward sold up at 0.40p in advance of this RNS (after the last terrible RNS that destroyed the share price).

If that was such a great deal the market price would reflect it. Planning risk, build risk, project delivery risk, all assets of PREM being taken risk, discounted sales (to be expected for upfront cash) and years before any profit actually goes to PREM. They'd better hope the Rubidium etc held in stockpiles can be sold in the market or I'm not seeing this project as anything but a 'might pay off in over 3 years' punt.

Oh, you could've sold your shares a few weeks ago for over 0.41p on the bid. Now, AFTER this great deal, you can't. This is happening all over AIM with these so called growth stocks.

All the best

BBaggins

Could you please give us a gist? I can't open anything from the BBC without being sick.

Cheers

The next 'news' we receive will be one of two things;

1. Announcement that the annual accounts (from SIX MONTHS ago) have been audited and are available to read online. said accounts will provide nothing of value seeing as though we all know we sold some stuff out of West Kytlim at some point last year. We also diluted the sharebase to buy options to acquire things via Rosgeo with/without licences and JORCs that may/may not, ever be seen.
2. The company have been granted an extension by AIM to kick the can down the road further, and then the AGM will be held, 'at the next possible opportunity'. and contain nothing but a mundane list of items to vote on.

Both of these news releases will result in yet another drop in the shareprice and a level will 'probably' be found around 5.5p for the foreseeable future. The 'sale' will be referenced in a short paragraph that will end with words to the effect of:

"The BoD are committed to executing on our M&A strategy, further announcements will be made at the appropriate time. Our new iNED has significantly sped up our Russian assets sale process, and he is now approaching the carpark en-route to the admin shed where the fax machine is located. Dmitry struggled with this complex task due to inexperience, and that is why he never seemed to make it further than the canteen before he got lost and ended up walking around in circles out the back of the digger shed muttering something about Rhodium being the key to life or some such gibberish. Naturally Artem will be paid $5 million to do what EVERYONE else has already been paid to do but failed to do. Merry Christmas, 2023 will be transformational for EUA..................ad infinitum".

ENDS

8adger

Cheers mate, good info there. Let's see if the appetite to get the region moving translates into further eyes on AMC's prize. A nice offer wouldn't go amiss while we drop daily.

All the best

HITS

100% of production once the sidetrack has been drilled and (my guess) that the field will perform at a higher flow rate than what the estimates currently are.

As always, time will tell how it performs and I also expect a further increase in short term gas prices. We are literally turning on the tap at a time when we will be paid record amounts for what comes out.

Yes, the sidetrack will probably take a lot longer based on previous performance but I would like to think it will be successful as it's gas engineers involved and not GL or any of the ANGS management team. An onshore sidetrack into a known producer will 'probably' be very straightforward.

All the best, off out for a haircut now, the sun has speeded up growth (or a chart predicted it, can't remember which) ;)

They can't/won't tell us anything mate, not possible (BAU....does not compute....error).

The company have signed themselves up to a number of strict NDAs, that's why they have taken a vow of silence. I heard one of the reasons Christian has announced he is to go into retirement soon is because one of the NDAs means his missus isn't permitted to text him what she's lashed on the stove for tea.

Rumour has it, he went home last week expecting filet mignon and was greeted to half a savoy cabbage and a pickled squirrel. It's starting to take its toll on the Board of Silence now too, so expect news.........shortly.

All the best