Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Yet another nonsense ambiguous RNS with zero confirmation of anything other than the plant isn't fully optimised (still) and isn't working properly hence the lack of SC6:
'Tests will be conducted, and a decision will be taken regarding possible reprocessing of concentrates produced that carry excessive contamination from country rock and gangue material that should have been eliminated to a far greater extent than has occurred.'
The above fluff that confirms the ore being fed through is substandard and not useable, shows exactly why this project is failing. We have words and phrases such as 'possible', 'testing' 'take a decision' etc, which is in no way clarity of the situation, and leaves shareholders with piles of contaminated soil that may or may not be put through the mill again to grind out some SC6 (ish).
No response as yet from Canmax, no details as to what they intend to do regarding the $1.5 million they will expect to be paid in the next 10 days, and no mention of 'SC6' anywhere in the RNS apart from a reference that they can achieve an 'acceptable' grade of Spodumene AFTER they have removed all the contaminants (which I would imagine is a costly process).
His upcoming Q&A will be feasted on by the foot soldiers and the pump will start again as the upcoming dilution is worked in the background (along with ITK selling and 'probably' forward selling by the contractors who are due to be paid in shares).
Canmax need to put an offer in for ZULU and get PREM as far away from it as possible.
To counter the incessant ramping in light of the facts that the CEO has LIED to shareholders on numerous occasions and yet again failed to honour a generous contract with an incredibly low bar.
The reality is there's no SC6 coming out of ZULU in 2023, period. Anyone saying otherwise is one of two posters, deluded or disingenuous.
I have held, sold and traded in this dog based on what 'initially' appeared to be a promising mining company. It isn't, I was wrong, I made the mistake of BELIEVING what the CEO stated in interviews and official communications that turned out not to be true.
I now hold a small amount so couldn't care less if it goes up or down because I won't be putting more in while it's owned by PREM and has GR involved in any way. It's my belief that Canmax will have at least an equity stake in ZULU in early 2024 and that they 'might' make a bid to buy the entire asset. If that happens, current shareholders 'might' make a small profit but it certainly won't be a premium.
That's why I'm here, to remind people that those who have been repeatedly wrong will continue to parrot their nonsense in light of the disaster perpetrated by Stark and GR.
That's all from me, so you can go back to the 'top ups' and cult based back slapping of the CEO who's destroyed your present and 'probably' the future.
See you after the dilution RNS/Canmax enforcing their current terms and adding new terms RNS.
Wonderful response from Jaguarflush(ed his investment down the khazi but continually 'tops up' incurring additional losses on a daily basis).
And in answer to your 'what's coming over the hill?' It's obviously another DILUTION isn't it? Or is it a Monster? Is it a Monster?
Just gotta get the next fabricated pack of lies out of the way in the obfuscated Q&A and then the pump cycle can start while the forward sold shares get traded and Snowking's Crew sell their trading pots.
Doesn't apply to you though Jag, you just 'top up' after all don't you? Or.........
Damonhill
No probs mate, I hope it starts going the right way for us soon.
All the best
Telf
Thanks, no I didn't see that so nice one for pointing it out. Agreed, we know what they are doing and that naturally trees take time to grow, but all in all the management are performing incredibly poorly. The money now spent to acquire all of the forests and new plots is gone (or most of it) so at some point the fund will need to start earning, or it's nothing more than a jam tomorrow investment and as the UK stock market shows, tomorrow never comes for many.
I'll have a listen to that later, but for now, I would be more inclined to think the price 'might' flirt with the £100 million market capitalisation level so I'm holding off from putting cash back in here. I want it to do well because I like trees. I also like the prices that can be achieved for UK hardwood timber (some of the established forests can provide good quality building standard timber, so I would like to see a timescaled plan to monetise portions of what we already own).
A lot of self builders in the UK prefer timber framed houses and panelled houses. Good quality timber that doesn't have to be shipped from Germany, Denmark, Norway etc would be very welcome in the self build community, particularly if it's UK sourced. I would build a timber framed panelled house myself if I had the cash (and plot) but alas, the reddies aren't there just yet.
Thanks again for the link, I'll throw £500 in here at the end of the month, maybe an RNS will land saying we're now in the Christmas Tree business.
All the best
Results as expected, performance of Royal Mail in the UK as expected (dire). Yet more subscription mail late or not delivered to addresses in my city (Liverpool), with appointment letters turning up AFTER the date of the appointment.
In my personal experience, a subscription I've had for over 4 years that has never been late once has now been late 6 times in the past 2 months. The packets are designed to fit through all standard letter boxes and require no signature and are all sent First Class from a company based in the UK (no excuse of international delivery issues).
Yet more of the posties who's faces I recognised have now disappeared (VR probably), and they've been replaced by moody younger 'robots' who look like they are working off a Community service conviction. We are told letters are massively reducing as people switch to email etc, so that in turn should mean it will be easier to get the lower volume of letters out, but no, Orwellian double speak means less stuff to deliver means more staff needed because they can't cope.
Yes, the posties are being loaded with more parcels (why is Parcel Force not being expanded and optimised to do what it says on the tin, deliver PARCELS), but that can't be at the expense of letters which are sitting there in the DOs at the same time. They will continue to fail until the entire model is changed to adapt to what is required today, not what was required in the 1950s.
If you have a disinterested robotic workforce you get poor performance, the job is getting worse (by design) for posties, not better, and the young people replacing those who've been doing the job for many years are not lasting because they are basically products of modernity (next to useless and loaded with an unearned sense of entitlement, 'thanks teachers', mission accomplished).
Last post for Christmas mail was August, sorry Tiny Tim, no card for you this Christmas, we're a parcel company now.
Damonhill
I can only assume it's people selling their shares for any number of reasons such as seeing better growth elsewhere or they basically just want out. The fund seemed very happy to RNS splashing cash here there and everywhere buying up plots and woodlands, but there's no indication of how the revenue is going to be generated anytime soon.
Sticking trees in the ground means it's many years before they can be used for sellable timber, and the plots already purchased don't seem to be front and centre regarding communication of how they are to be monetised. All in all, it appears to be yet another 'Eco virtue signalling' fund that offers nothing but promises of long dated future revenues, while spraying toxic soil destructive chemicals all over their plots, just like the government and councils do in our cities.
It is on its way to dropping below the £100 million market capitalisation and if/when that happens, I suspect further sells will occur. The management are completely silent, and there's no plans in place or marketing (Q & As, videos, interviews etc) to attract investment into the fund. The volume is mainly tiny buys and a few larger sells most days, and the volume itself is incredibly low so the appetite to invest is not there.
Investors need a path to revenue, the fund manager has decided not to share one.
All the best
MrYfronts
Yep, that other case is cut and dried for the lawyers, they have invoices for £108k, EUA will end up paying one way or the other. We have Social Landlords disputing claims against them at the start and then they end up paying 3-4 x what the 'should've' paid when they had no case to start with. They drag it out and hope it will go away, that's why the returns are so good in legal actions.
Pay your bills or get rinsed, EUA prefer (shareholders) get rinsed.
Wet Wipes all round
MrYfronts
The main point is that shareholders are paying for something that was completely unneccessary and didn't have to get to this point.
I am now involved in Legal Funding and know that a company such as Simmons and Simmons will be VERY well paid for this nonsense. The companies I'm raising funds for are much smaller, and still end up with massive fees for (what I can see) is very minimal technical work. This wasn't a difficult case for Simmons and Simmons as it didn't need to be argued in court (just back and forths with the claimants solicitors), but they'll still be billing costs which will be at very high hourly/daily rates.
Horly/daily whatever the case may be, The claimants wanted replacement certificates, EUA said know, many moons have passed and the claimants are getting their certificates replaced. Unnecessary waste of shareholder funds.
All the best mate, this stocks and shares crap isn't where the returns are unfortunately, we've all been burned somewhere or other and you have to be incredibly LUCKY to tap out with a substantial profit. I'm going to stick to this legal stuff, they always seem to get paid in the end and the returns are far greater over the long run........ Just ask EUA.
Best quote on chartists:
"I realised technical analysis didn't work when I turned the chart upside down and DIDN'T get a different answer".
Here endeth the lesson
They used shareholder funds to fight an expensive legal case against their own shareholders by stating they did not have to replace some lost share certificates.
Now they have used shareholder funds to retain the same legal advisers (simmons and simmons) to deal with enquiries, while the company replace the share certificates they said they weren't going to replace (hence the expensive unnecessary court action).
So after all that arguing (on hourly rates), they settled out of court and put yet another future date on the share certificates being made available to the people who brought the claim, EUA shareholders. Wonderful. Maybe one of those mystery bidders (there aren't any) for the bags of ever depreciating sand can foot the legal bill.
Have they paid their last legal bill yet? Or is that going to be settled out of court too? Knowing this BoD, they'll settle out of court for £250k. Masterstroke.
Meanwhile back in the land of Roubles.............Tumbleweed and delusion.
Complete and utter nonsense from Pump and Dump 101 yet again.
There are NO exports of SC6 this year, period. There is NO SC6 beiung produced this year, period.
The next, next, new, new, newer mill to do what all the other ones couldn't isn't even on site. The ground works haven't even started, and it's STARK who are tasked with bolting the thing together when they manage to disassemble the one that didn't work.
There are no 'gaps' and charts and goat entrails mean absolutely nothing when GR puts out RNS releases or even worse.........goes silent (which means it's even worse than we think). Right now the pump cycle is underway (along with the inevitable incoming heavily discounted placing to get George through Christmas), and the foot soldiers will continue with their misinformation campaign by responding to their own threads in unison.
The only 'gap' is between the ears of bell ends who believe in the Cult of charting, along with the Cult of GR led by Snowking the Terrible, destroyer of value and first Horseman of the Shareprice Apocalypse.
They have to get the price run up over 10% so they can trade out and let it drop again (while the forward sold placing happens in the background).
Canmax have said nothing (yet) so when GR states he's in discussions with them, that translates to George bends over and shareholders get fcuked.
Baste that Turkey chaps, it's about to get Stuffed.
SheikhSaud
GR stated it in interviews and in RNS releases. The Stark Incompetent also mentioned it numerous times in interviews, and referenced it again in his last childish arguments on twitter. He basically took the stance that his Lego Set was sound as a pound (or is that a fraction of a penny?) , and the problem lied squarely with the feed material.
GR did however state in the RNS that the material was BETTER than expected, and that the rainwater hadn't diluted it as much as previously thought. So again, he LIED.
In a nutshell, the brand new plant doesn't work, and even if it did the soil being put through it is as weak as p i s s, so no SC6 is dropping out the a s s end and into bags.
PREM need to commence a new drilling campaign in order to access the higher grades lower down sub-surface. Which in turn means.............dilution and debt to pay for the diesel, drilling rigs, drilling teams, transport and naturally George's 30 pieces of silver.
Come on Canmax, put GR out of shareholders' misery!
The infant who runs Stark and loves putting out stupid cryptic videos and messages on a children's media platform stated that the feed material was of poor quality.
The pile of dirt sat onsite is from the top layer which has been exposed to weather. It has been rainwashed for many moons and when it's put through the mill the quality at the other end is poor. No SC6 is coming from that pile of dirt, ever. The dirt with the higher grades is lower down, which means more expensive drilling and extraction is required, which in turn means more cash needed up front.
PREM generates ZERO revenue (outside of debt/placings which according to WWP are Net Zero....Just like the gap between his ears), so how is this going to be funded? (Rhetorical, we all know the answer.)
All associated technical geological reports should've been done on ZULU BEFORE this plant was built to determine the quality of the feed stuff. The RUS still isn't here and we don't have any new technical reports to satisfy shareholders that there is enough extractable material to keep this plant fed for years to come.
Canmax simply have a contract, they aren't going bust regardless of what happens here. If so inclined, they will enforce their terms and probably end up with ZULU in its entirety at some point next year. They could always melt it down for scrap value, there must be some metal in there worth reselling.
Scrapyard Challenge Zimbabwe with GR the scrapyard CEO at the helm.
Thoughts
Not only is this RNS typical of George (obvious selling and price drops through late last week and yesterday means people KNEW this was coming), all the attempts by Snowking et al, to gaslight the chat with talk of SC5 and lesser grades has also come to nothing.
We were being bombarded with posters talking about how great SC5 was (WWP was the main t i t posting that nonsense while trying to make me look foolish for suggesting otherwise), and being informed about other companies who sell it. Well, we don't have ANYTHING to sell do we? Because if we did, GR would be offering it to anyone and everyone to get some cash in the bank.
Now the plant is being mothballed until yet another Unicorn Mill turns up to save the day. I've seen this mill personally, it won't work because there's a label on it saying, 'Caution - This Mill Requires Assembly By Competent Engineers, This Mill Will Fail If Exposed To Stark'.
The shameless will be back soon with their new 'orders' to suggest 'all the bad news is out the way now, sitting pretty in 2024'.
GR's next results won't have 'revenue' in them. He's lied again.
RomanWolf
'and even dead eye only managed to say he's busy in lessons today.'
Yes, apparently, rumour has it, he's cramming hard for his mock GCSEs, he's on track for 8 x A* grades and in keeping with his incessant and duplicitous ramping of this dog share, his actual grades will be 8 x F-.
Canmax, any chance of having a peep behind the sofa for £100 million? It'll get you all of PREM if you do because GR couldn't defend a Pick n Mix stand from 6 fat kids let alone a hostile bid from the east.
Tick Tock...........'PREM is pleased to announce a fund raising to utilise the entirety of the allowable headroom in order to get George a turkey for Christmas'. 0.10p placing incoming I reckon.
Snowking, WorldWidePLEB, Hasiba, and all the other snakes and morons will be back ramping this to the heavens within days. It'll all be forgotten what THEY did with their subtle (and obvious) LIES and misleading 'rumours' from those in the know, and deluded fools will continue to fall for it.
Top up again Hasiba and all the other clueless fools, Rio Tinto are coming to buy out PREM, Snowking told me.
GR needs arresting, and Madderson needs to be booted out of Stark before he can do any more damage to the brand new plant he's fcuked up.
Snooze button, SC6 anyone?