The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
'What field are you in?'
That one over there growing perrpercorns right next to ZULU, cheers for all the irrigation water from the dam, crying shame it isn't being used to produce spodumene. Oh well, this time next year..........
Stretch101
Just FYI, but I'm sure you're very much awatre of this FACT. The muppery.......sorry......experienced, proffesionbal BoD also stated that:
'Kola Nickel marks the start of our plans for 2022, with much more to follow as we successfully conclude our initial strategy and develop EUAv2.0 https://bit.ly/34KusJv'
You will find a 404 if you attempt to follow the link as the BoD of EUA have REMOVED all reference to the nonsense of their super hydrogen/ammonia bullocks long ago (pretty much at the time when ALL 'buyers' laughed at them and walked away from this much vaunted table that doesn't exist).
It's the arris end of 2023, still..........tumbleweed, do you get 'it' yet?
Guess not, that's why you're 'outta here' just like the 'buyer' and every other 'interested party' who aren't actually interested.
Schlaf gut
Wow
Now we know why George (insert four letter word here) Roach casually 'mentioned' that an agreement had been reached and all was rosy etc without giving details. The man is a complete liability and the fact that people AGAIN fell for the LIES shows how much 'Hopium' is being abused on this board.
Nice little 'in Autumn' actually means 2024, because naturally, the obvious unforseen problems can very well be 'seen' by anyone with eyes.
Staggering levels of incompetence all round. I wouldn't trust Stark to build an extension based on that monumental clusterfcuk of a Lego set they assembled on Zulu. It 'looks' like a processing plant, but scratch the surface and it's nuts and bolts turning sand into DEBT.
Good luck, I'm sure it'll all turn out as rosy as the pom pom wavers would have us all believe. Let me guess, 'top up opportunity', 'grab some more of these golden tickets'?
Shocking!
Baillie Clifford have been selling out chunks of their holdings over the past week. We were at 52 week lows yesterday with a nigh on 50% reduction in value from this time last year.
The sudden spike in the price still has us valued way less than we are worth based on the fact we hold no debt and have spent the past 12 months or so cutting costs. We initiated a recruitment slowdown which resulted in less paid consultants sat idle and not earning fees for FDM.
I would like to 'hope' the spike is due to the large sells by Baillie Clifford ending, and with a bit of luck, the US firm who have recently increased their position may very well be buying more. The next set of results should hopefully be better as FDM have started diversifying away from financial services into other industries. Finance will always be the key earner but in my view, way too many of our eggs are in financial baskets, and that's a considerable business risk seeing as though consultants are the first on the chopping block when times get tough.
In my view, it's a great long term hold and add, the dividends are decent and could very well increase, and as soon as more consultants get picked up by other industries, the fees will start to increase again.
It's a very well run company on the whole, but with the poor performance over the past 12 months, 'Could do Better' will be scribbled at the bottom of their report card from me.
All the best
Naheed is too busy arranging the next discounted placing to keep all the wages paid to the 'management' who continue to find new ways to reduce the value of company on a consistent basis.
There's nothing 'undervalued' about a company that has ZERO funds to advance anything without giving most of it away to someone who does have money.
This is a gamble share that 'might' spike higher if some sort of mildly positive BINDING finance deal is agreed to bring an asset to production and/or sell a large slice of ORCP's equity share. Until then, Naheed will keep talking nonsense with no verbs to be seen, the rest of the 'management' will continue to offer absolutely nothing, apart from sucking cash OUT of the company (or maybe they book the flights for Naheed and arrange her food and expenses vouchers while she has meetings with people who don't give her money or offer any BINDING agreements for anything at all).
I expect another placing before any news to move the price. The long awaited in-depth expensive report from TYK that 'should've' been released by now can't be much longer can it? Or maybe it will be released to initiate a spike while a placing is arranged in the background to knock the price right back down and snag some new PI fish on the line and lock them in the keep net nursing instant losses.
Time will tell, in the meantime, idiots will continue to call the bottom (that is endless) and are proven WRONG on a weekly basis, but still parrot the same deluded nonsense while 'topping up', which in English means, feeding their own delusions in a state of hysterical denial while the CEO continues to trash the company value.
This will spike one day, but if you don't get out with profits you'll 'probably' have to wait a very very long time to see any again.
Have a goodun, £3.2 million for the entirety of this 'no brainer' company worth $billions according to some. Or............A dog with more chat posts than share purchases on most trading days.
Says it all.
The reality should now be obvious to even the most deluded of ANGS 'supporters'. They've taken an asset in high demand and proceeded to completely destroy any and all value from it through consistent failures and mass dilutions, while pontificating how all of these dilutions were 'value accretive' to shareholders.
There 'should' be a lot of posters on here hanging their heads in shame or at least pausing for thought and reflection but no, they'll double down on their insanity and blame 'elements outside of the company's control' for the FACT they'll never see their investment in profit.
I have a feeling based on nothing but the evidential history of ANYTHING Angus Energy do that they have damaged SFB and it won't be producing for up to 15 years as people have been led to believe by the company and certain posters.
The writing was on the wall long ago and I and others were routinely shouted down for pointing out blatant FACTS and being proven correct time and again. It's a trading share, nothing more, but a lot less, and the lot less will no doubt rear its head soon if/when the elephant in the room (geothermal disaster in waiting) blunders into the room taking the door frame and half the load bearing wall with it.
If you don't get out on the spikes, you WILL lose your investment.
Good luck to those who are still 'topping up, it won't go any lower, the book has turned, hold onto those golden tickets, gas gas gas,' and other such nonsense. Never mind, Push2, GavinM and the bearded Lady of Aim said it's all tickety-boo and Shell are buying out ANGS for many multiples.............or.........The BoD have destroyed the company through a disasterous hedge 'management' programme that turned record HIGH prices for what we sell from an asset into a liability.
Mercuria shoot, Mecuria score, ANGS get relegated.
Prepare for more bad news specific to SFB, it OBVIOUSLY isn't going to plan.
Morning
It might've been mentioned already but HL have added a 'view shareholder meetings' link directly below where the 'send secure message' link is on the 'my accounts and dealing section of their website. It lists the upcoming AGMs etc and is very easy to use.
I hardly visit this site any longer (reason should be clear based on the chat content), so if it's already been posted up by someone else then take this as reminder for anyone who hasn't seen it yet.
I voted against to all proposals, I also give up and sold most of my shares at a loss and left myself with a mere 20k shares just to still have something in case all the people who have been completely wrong for years get LUCKY and we get sold.
Have a good week of bickering and cupping the ball-sacks of a BoD who took a PGM/Battery Metals company with assets in global structural deficit and high demand, and proceeded to fcuk up what should've been the easiest sale in history through their hubris, incompetence and their inability to lie straight in bed.
The fact they STILL have 'supporters' when the CEO walked out on the spot with no prior warning shows the clear 'Folie a deux' amongst the mid-wit middle classes.
Have a goodun, cash raise on the way after the AGM I would imagine. Those 'wages' won't pay themselves when you CAN'T sell what you mine in the country that you mine.
an rns can be released anytime up to 1830, however, based on the price movement into close when people sold out, it 'appears' as though no news is forthcoming therefore we must wait until 0700 on monday to see if gr bothers to update us after his latest fcuk up.
whatever happens, as an individual and ceo, he's atrocious, his outright lies and management of expectations border on gaslighting. his 'management' of this whole project has left the company on a knife edge, with the very real possibility that we will soon be hit with an invoice for $35 million plus interest that prem have no way of paying without us shareholders being bent over without the benefit of a squeeze of ky jelly.
whatever the outcome, we need a new ceo immediately, and a message to the cheerleaders such as snowking who hide away like ****roaches when their sophistry is destroyed by reality. stop. you can't spin failure into sc6, and it's stark that built the plant, not gr, so take your tongue out of his rectum and next time you get a chance to ask your 'tame' questions, please ask one that's relevant and not written on a script.
have a good weekend all, see you monday for the 'probable' silence in the form of no rns before market open. wouldn't want gr to break the habit of a lifetime would we?
Oh look, another Friday trading pump to allow a few traders to take 10-20%. Yaaaaay! Full buyout by Sino with a 'significant dividend' and EUAv2 riches to look forward to...........Or....................
A fish hook to snag the same stupid fish who continue to bite on the same hook hoping they can actually chew the thing that looks like a delicious worm but is in fact a cheap plastic bit of tat made in China, sort of like everything in the living rooms of those who continue to be deceived by the 'lure'.
Have a nice weekend, and remember, the DFS is expected 'in the coming weeks'.............Of 2028.
All the best
Joey 2024
Please read my entire message and 'attempt' to understand it in context, then read my posting history specific to this 'proposed' deal which details clearly I 'would like to think' a deal will be agreed, as not doing so benefits NOBODY involved with this project.
Then think about the tripe you wrote in response to me, then please go seek out an adult as it's clear your nappy needs changing.
Hop along now son.
Morning
We don't have long to wait to see if GR could agree a deal with the company that we owe $35 million plus interest to:
'Canmax have confirmed that their intention is to continue to support Premier and not to terminate the Agreement providing that an addendum between the parties is entered into on or before 25 June 2023.'
As you can see, this excerpt from the RNS 'implies' that Canmax put the 25th of June date in. They obviously NEED spodumene to fulfill their own committments to supply lithium hydroxide to battery manufacturers. They will need clarity asap so as to satisfy the end user that they can supply what they said they would (just like Stark and PREM will need to give clarity to Canmax for the exact same reason).
If a deal is made, great, we can receive an additional pre-payment, put dilutions to bed (for now), and concentrate on bringing cash into the company as opposed to watching it constantly go out.
If we get one of either a DELAY, or a NO DEAL, the price will 'probably' crash by 50% plus, the cheerleaders will go into stealth mode and disappear, the idiots will hound the board with 'I told you so' because it makes them feel relevant when in fact they are amoebas searching for a place in the universe, and the rest of us will quietly drink a brew whilst mildly disappointed, and then put the shares in the sock drawer (mine is now overflowing with 'no brainer' AIM shares), and wait for the next pump cycle to get out and/or reduce our holdings.
Let's hope GR doesn't forget that it was HIM who put the 25th June 2023 in an RNS, and let's hope that news lands either today or Monday at 0700 telling us that a mutually beneficial deal has been agreed, and we can now all work towards generating some of these 'substantial revenues' GR bleated about in his puff piece media-athon with Stockbox in the African bush.
GR, it's over to you. Please don't revert to type and 'disappoint', change can be liberating.
Have a good Friday chaps and chapesses.
AG-1989
This is a trading share, it was obvious to me there was a placing being worked in the background, I even posted a reference to UJO who did exactly the same thing 'many weeks' before slapping the discounted huge dilution RNS out. Actual evidence was posted on a blog showing the 'book build' and 'begging' letters for bucket shops and brokers to get the committments from those in the know (who immediately started selling their shares knowing they would make a tidy profit by picking them up in the upcoming placing much cheaper).
As for non-binding becoming binding, no, absolutely no, it doesn't mean at some point they will become binding, it is an informal letter saying they 'might' do something in future. If any of the GH stuff comes to fruition then ORCP will make good money but will have to give up the vast majority of the equity in any project. 80-90% of it is my guess (and that's fair), because ORCP have ZERO bargaining power due to the fact we have to consistently dilute to stay alive.
My main point is that COAL is where this company should be focussing, it's much much cheaper to develop, extract and sell, than this GH unicorn, and the income received can be used to put a solid footing under ORCP and let them negotiate from a position of relative strength when discussing GH deals because we would have no threat of bankruptcy (and licence relinquishments due to the inability to progress development because we have no funds to do so).
I'm clear in my strategy here, buy a few more now because it did what I exprected, wait for the next 'news cycle' and pump in the share price, sell the batch I buy here if/when it goes up over 50%, rinse and repeat while holding a very modest permanent pot just incase out of the blue news drops such as a buyout/takeover etc.
Anyway, good luck to all of us, we'll need it. Have a goodun.
Legalwolf
It's the same on so many shares, they reel you in with 'promises' and over exaggerated forecasts stating the 'value' of what is held by the company, and then it's the dilution cycle due to 'changing market conditions' and other such nonsense.
Coal, and only coal 'should've' been developed via an offtake deal with power stations and energy companies who could afford to pay for construction costs in exchange for discounted produce to use in power generation (which they can sell for a profit and reduce their own import costs etc). Win-Win all round but no, the butterfly must be followed and the rainbows chased with talk of multi-billion $ deals for mass production of something that will take decades to develop whilst literally having 'sans-pot' to piddle in due to the NEGLIGENCE of ignoring the reason the company was set up in the first place, CHEAP COAL.
Anyway, the only saving grace here is that it's valued so low it 'shouldn't' take much 'good news' to move the needle. If/when that happens, I'm 80% out because after the initial spike, the only way is right back down as Naheed gets delusions of grandeur (like all AIM CEOs) and starts 'adding value' in the way they all inevitably do, debt, aquisitions, dilutions, failures, rinse and repeat.
This is like so many other AIM companies, a trading share, take profits when you can or you 'might' never see them again.
All the best, garden time for me, a strawberry dividend awaits.
Afternoon
Logged in to ask the 'there won't be a dilution' bell-ends who consistently refused to see the 'unexpected' drop in the share price from over 0.16p to 0.12p after 'good' news was OBVIOUSLY a forward sold placing how they feel today? (Rhetorical).
Naheed needs more funds for travel, hotels and expenses to hold 'meetings' and attend 'women in business' virtue presentations telling other women how to achieve success in business.
Naheed's response is that it is simple, you dilute shareholders to pay your wages, put out loads of non-binding RNS releases that mean absolutely nothing at all seeing as though they are NON BINDING, and then bleat about climate nonsense while refusing to dig up some cheap, easy to extract native coal that can be used to power the country's homes and industry.
Oh, and have a completely blind group of cheerleaders to post irrelevant news articles about the power needs of the country, hydrogen crap that may/may not ever get funded, and links to all the 'high and mighty' partners ORCP have NON BINDING post-it notes from but funnily enough, no cash or working capital loans. That right there 'should' put to bed all the nonsense about 'confidence' and industry leading partners and collaborations. If they had so much faith, why is Naheed diluting on a DESTRUCTIVE downward spiral giving our 'game changing' company a Market Capitalisation equivalent to a posh new car? (Rhetorical).
As I and one or two other posters stated a while back after the OBVIOUS forward sold dilution, there's no point topping up because a big hit will surely follow. Well, today it has so now is the time for a few more (not many as the risks are still immense).
Our CEO is atrocious, all the best.
'I’m expecting signing of deal to be delayed'
A delay is obviously 'possible' in principle, however, the statement from PREM as to the 'current' support of CANMAX is as follows:
'Canmax have confirmed that their intention is to continue to support Premier and not to terminate the Agreement providing that an addendum between the parties is entered into on or before 25 June 2023.'
It is Canmax that stipulated this deadline, not PREM, therefore 'if' a deal isn't concluded by the 25th, it will be because GR has failed to agree terms (which will obviously destroy both the value of the company and any smidge of investor trust that remains).
There's no guarantee a deal will be agreed so that is why the market is negative and we've been dropped back down between 0.6-0.75p most days. I woud like to think a deal will be agreed, I would also like to think that GR realises the damage he's done with his nonsense media lies and rapid fire dilutions and learns a lesson somewhere along the line (old dog meet new tricks, not happening).
Most of all, Canmax NEED Spodumene, so as long as what's in the bags is useable, paying upfront for smaller batches to secure the finances of the company who mines what you need should be an easy deal to agree.
If ANYTHING goes wrong during negotiations, it won't take the cast of CSI Miami to work out who the culprit is, GR's fingerprints and a couple of grey pubes will be all over it.
Would be nice for a deal to be agreed and news to come through prior to the 25th, would be a welcome change for PREM.
All the best
Quick read of the chat board over the past week or so, nothing to say to most of it. As for it 'not being material' that 2 separate legal actions have been initiated against OUR company and the BoD didn't see fit to tell us, well, astounding levels of complete sycophantic delusion.
When a MAJOR shareholder takes the company they own shares in to court for a 'perceived' transgression, I would suggest that's absolutely material. However, the BoD we allow to sit in their comfy seats taking obscene 'wages' to achieve nothing but the systematic destruction of shareholder value 'may' see things differently.
I, like most adults with the ability to engage in basic critical thinking, see it differently. I see cowardice, greed, and a spineless demeanor that permeates the fabric of each and every one of that shower of incompetents who called themselves 'directors'. These creatures couldn't 'direct' traffic on a one way street, and would no doubt find a way to cause a mass pile up while delegating all responsibility to 'the political and social traffic environment that isn't in any way our fault'.
Never mind, options will be 'extended' again in November when they expire again but actually don't.
And as for the idiots backing this bunch of muppets, I'd tell you to give your head a wobble but the gap between your ears is so vast it would probably cause an injury, so please sit perfectly still and wait for your next nappy change.
There are none so blind as those who CHOOSE not to see.
Nitrokev
Good spot mate, it appears as though the horse meet stable door attempted corporate 'cleansing' is now underway.
'Deliberate' changes to remove references to the country where our entire operation is centred may not go down very well with the powers that be in Russia. Or maybe the BoD are 'revising' their CVs to 'pretend' they've never worked in Russia so they can apply for jobs with 'virtue focussed' companies in the west and 'hope' nobody notices (sarcasm, unfortunately that needs pointing out to some).
On the positive side, at least we know someone somewhere is doing 'something', even if it's just a ridiculous infantile historical website revision to remove the name of Russia from a company that exists entirely to mine metals in..............RUSSIA.
DFS soon, in 'the coming weeks', months, years......oops, someone shredded it by mistake we'll have to resubmit it........shortly.
Have a goodun.
Oh, and in addition to my point 1 before I log off for the night:
What happens if what's in the bags turns out NOT to be 6% Spod and Canmax can't/don't want to accept it? Is this not the sole purpose of what the entire ZULU operation was built for? Will other customers take a lesser grade (for less money naturally), and give us enough to repay the pre-payment amount of $35 million plus the interest we are incurring from tomorrow?
All in all that interview told us nothing other than the fact (stated by GR so open for interpretation) that Canmax don't have security over ZULU (a relief because if they did the name above the office would be changing pretty sharpish based on GR's performance to date).
And as for him putting in his 'own money', that ranks alongside 7-10 days until exports as pure fantasy. His 'own money' comes from the continued cash raises of yesteryear to pay salaries and expenses from cash raised from shareholders. Not a bad racket to get into when you set your own salary, and if the piggy bank starts drying up you just whatsapp your friendly local bucket shop and hit the market for millions more pounds to continue to pay your 'own' wages to use to take more shares ad infinitum.
The man's a proven incompetent, disingenuous clusterfcuk of a CEO. He continues to live up to his reputation and unfortunately, if you/we 'believe' the tripe coming out of his mouth, an RNS will surely follow to give us an injection of reality.
If STARK get this Ikea plant assembled correctly and producing what it was designed to do, we'll 'probably' make a profit within 6 months. If they don't, we're going down further and more pain is likely to follow.
On a side note, if STARK have a lead-time order book with deposits on account, I would 'expect' a considerable amount of claw backs and cancellations imminently. The reputational damage could be devastating for them. I wouldn't trust STARK to design a cat-flap after this debacle.
They'd probably tell me on a 'Saturday morning', that it only opens one way and they mis-measured my cat during the design phase and didn't take into account the fact that kittens actually grow larger over time, so unfortunately tiddles won't be able to fit through the STARK approved gap and will instead need to wait for some 'expert' adjustments or just stay inside and sheet all over the rug.
All the best
Evening
Been away from the screen for a bit, watched the interview, my points seeing as though the words have come out of the mouth of someone who's actions have resulted in a 50% drop in the shareprice after a full on media PR campaign:
1. We don't yet know what's in the bags for export, we need to see if it's actually SC6 (the contracted product). We await the results soon. No follow up question from Mark (Chief PR agent) as to what happens if it isn't = FREE PASS for GR.
2. No question as to why there were SIGNIFICANT large sells AFTER the PR campaign and BEFORE the RNS telling us the plant didn't work and cash had to be raised TWICE.
3. GR sat there and stated in 7-10 days we'll be exporting which was a LIE. He was 'disappointed' Stark didn't tell him otherwise until 'Saturday morning' (prior to the mass sell off and BEFORE the shareholders were informed via RNS, nothing to see here, perfectly legitimate for an AIM CEO to withhold such information).
4. Being the CEO of PREM and the 'customer' of STARK, that's obviously NOT his fault that he didn't have measures in place to effectively monitor progress via INDEPENDENT quality control, and instead sat on a deck chair telling shareholders that the till would be ringing within a week to ten days when what he really meant was "we're going to dilute you for more cash, and then tap you again within a few days because we have no money left". Wonderful.
5. 'We are obviously constrained' = we need cash AGAIN asap, and if STARK don't get the plant doing what THEY built it to do, 'expect' another raise/debt to be arriving in an RNS soon.
6. As for Mark doing a 'brilliant job', I would say GEORGE categorically agrees with that statement. As for the shareholders who got GR'd to the max (just like Canmax), not so much.
The sooner it's fixed, the sooner the price spikes, the sooner I'll get to my half sell exit price.
When the 'trust' stops, STOP.
Have a goodun
Oh, forgot to mention, it's now blatantly obvious that this news wasn't a secret (apart from to shareholders), and this clusterfcuk of an RNS is the reason for the 'suspicious' collapse of the shareprice to well below the 0.925p placing price. Those who knew, sold, and the rest of us had to wait for the 'official' confirmation of incompetence otherwise known as a PREM RNS.
Looks like we are in for the long haul unless we wish to take losses. The trust has been battered which means there'll be a lot of selling if this ever spikes up again in the short term. You never know, maybe we'll get a white knight offer to take over ZULU. Based on GR's performance and history, I'd accept any offer from any mining company who know what they are doing.
All the best