Member Info for WaffenBurret

There were still too few votes to carry the VLP on 26th May so whoever acquired the PH holding seemed interested to block liquidation. Can’t believe it was simply smallholder PI’s.

There’s still potential maybe, and perhaps we will get another very late TR1, eventually, when it suits another investor lol.

..up again today

https://tradingeconomics.com/commodity/lithium

I too will provide further updates.

And apparently, so will hasiba.

And Daz too no doubt.

Who knows, even George.

Or perhaps someone from KOD. Or maybe a journalist in Zimbabwe.

Update away.

WB.

Joey, one or two of the new villas might be available to rent. You could move out there and work from home. Good Wi-Fi signal apparently.

'so was this party who carried out the alternative valuation an expert or not?'

Wolf,

This very same question is now being asked of the Debtors’ own valuation provided by the chummy house investment bank, TJP Parters LP, providing a ‘valuation’ full of large numbers of disclaimers. Hardly a fair, independent valuation, likely to be inaccurate and probably skewed in favour of the Debtors’ scheme.

Again, as previously suggested, I hope the judge, in his wisdom, provides an extension, more time, six months or otherwise, time enough for some of the real figures to be collated, audited and assessed as well as permitting the establishing of a shareholders’ committee and funds to present a fair case and accurate report to the court. For one thing, we might then be able to access current revenue and earnings of Cineworld.Plc for H2 2022 and H1 2023 leading to a better valuation, one not based on the anomaly of a pandemic shut-down.

Hopefully Judge M Isgur will, with his experience and his wisdom, sustain a fair legal process and earn some respect from Joe Public, the individual shareholders, the silent majority. And more importantly demonstrate to us that we may still have faith in a robust legal framework that denies the possible, nay likely, abuse being enacted right here in front of us.

Ref: docket 1731.

GLA.

Ditto. Best of luck, Patience.

In passing, I’m currently invested in another I UK company where the BOD are seeking liquidation having divested all front line operations. However, due to share distribution they are unable to gain the necessary voting percentage to complete their intention, and it will therefore be blocked by the court. This has occurred, it seems, due to a savvy RTO specialist taking a large position and effectively blocking the BOD action.

The company value is similarly depressed to Cineworld but stands to be worth c. x10 due to its prospective value as a shell company available for an RTO target. I have invested in similar on previous occasions and have been fortunate enough to be vindicated and rewarded for my bravery (foolishness) lol.

I realise and have, in the past, stated on this board that I perceive every situation to be unique but it does occur to me that it raises possibilities here. Regardless of tax offset availability, as a shell co, Cineworld could become one such LSE RTO target. I m not sure that Mookie’s shareholding would be sufficient to prevent a willing predator, should that be his wish.

Let’s hope for the rather more favourable option that Patience’s hard work could produce in gaining shareholder representation and professional counselling in the current ch11 enquiry with the possibility of realising some, not insignificant , compensation for shareholders in the shorter term.

Good luck and all respect to Mr I. Grama, (aka patiencebringsit).

WB.

Noba, could you expand a little on ‘imminent’ ?

Greatly appreciated.

“Even if you get audited accounts they will only be up to the end of 2022”

Rather depends upon how long this case continues. Personally, I’m looking forward to H1 2023.

Figures, for that is the period which can begin to reveal the huge box office upcycle. It can be assessed and audited starting three weeks time. Yes, The unfolding recovery, and as your supporter from Warwick is quick to point out when it suits him, valuations are based on forward projections, (including new lease arrangements - something else we have heard little about lately).

And it is bizarre that H2 2022 figures remain unpublished, especially if so damaging to Cineworld’s current prosperity. It’s all rather peculiar imo. You’d think they would be have been delivered long ago. Could it be that they would undermine the existing valuation?

Business is business. ‘False’ is a rarely used word in these negotiations even though everybody knows there are many ways to creatively manage numbers. Quite an art. Perhaps more so than making movies, lol.

Let’s hope that Patience can, at the very least and in honour of good old fashioned fair play, trigger an extension to proceedings and bring some sanity to this wholly tactical affair by insisting that we see some official numbers by publishing more recent audited accounts and an ‘independent’ valuation.

Jobs? Well, according to Cineworld, the company is currently running business as usual so I cannot see that this is a relevant point whilst in c11. Do you really believe the new co would put jobs first?

“ Laverda: “ Please share with us where this cash will come from?”

I think George can answer that, as attempted in my previous post:

“ 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.

“George Roach, CEO commented, "I am deeply appreciative for the constructive discussion, further assistance, and confirmation of our relationship with Canmax ".

“recovery up to June 2022 (no data has been released since then).”

Yet Hexham: “rather than face what is really going on.”

Who does one believe? The creditors? Lol.

I prefer to await audited facts, thanks all the same.

Hopefully Judge Isgur might also prefer to wait.

“ Trouble is Prem needs the end material from a pilot plant to fund the business. There lies the problem”

Your are joking of course.

The only way to approach investing in PREM in my mind, is long term. An initial chunk of my holding is from 0.05 days after reading up some interesting assessments around long term value of Zulu and PREM three years ago. Enormous and giddy predictions. Yet at that time, only KOD was being promoted as the poster-child investment for the future of lithium in Africa. A contrarian view led me to look at PREM instead, then seen by some as a lifestyle company for George’s passion; geological field work, research and discovery. Since the lead up to the EPO there has been some explosive volatility. There have been scary controversial moments along the way. That’s why I tend to steer clear of these boards as much as possible. No doubt, A few traders will have skimmed off reasonable profits along the way, helped by using fud, unprovable negatives, etc, but timing is utterly random and subject to extreme Brownian (fantasy) emotion. From the EPO onwards, I have maintained some discipline, stuck to the fundamentals and have believed any unknowns, short term bugs, etc will be cleared one way or another. The long outlook is superb - however one sees the short term. Bashing GL is also ludicrous, wasn’t he a superhero a week or so ago? . I think he has been about as open as he can be, with or without his personal agenda.

A lot of stress for him. But I feel he is the right man with strong understanding not only geological but also of Zimbabwean politics and the not unreasonable difficulties of an arrested but rebuilding, though struggling, economy. We have received a robust communication from GR’s choice of Stark, clearly invested at a reputational level with a lot riding on a successful outcome of the new modular mining system just as much for them.

Everyone wants to avoid embarrassment, including Canmax, and no doubt will work to produce a fair and workable outcome for all and not throw a spanner in the works.

Setting up the mine obviously costs money. Prem is resource rich and about to prove it beyond doubt. A compromise deal will be found imv and the fabulous journey will continue. It may cost a few extra shekels in the short term - but not unreasonably.

LTHs: £10K invested two years ago, today worth 100-150K* in spite of dilutions and still, I feel, amazing value ! I would suggest keeping an eye on comparative MCap and PE potential among peers for future guidance.

I wish long-term-holders the best of luck. To the rest of you,

Don’t look a gift horse in the mouth!

*Variable rate but increasing as one prints.

GLA.

One and the same methonks.

“ .., until they know what grade Zulu is producing they're not going to commit to anything ”

Raay: Canmax are already committed. They have a rep on the board. They know the grade potential. They own shares in the company

A deal suitable to rapid progress is in everyone’s interest. All part of the process to getting the mine up and running. Not a fly-by-night operation is it?

Stay calm.

I guess, What I’m really asking is do we have a mica expert? Lol.

Perhaps a bit early to consider but I wonder what additional revenue might come from the mica tailings, or whether the intention is to recycle. I know we are still circuit testing for the SC6 but still.

“ Sheet mica prices vary with grade and can range from less than $1 per kilogram for low-quality mica to more than $2,000 per kilogramz for the highest quality.”

https://en.wikipedia.org/wiki/Mica#:~:text=Sheet%20mica%20prices%20vary%20with,the%20help%20of%20child%20labour.

@$2k per kilo, a metric tone that could be worth up to $2M.

Curious to hear more. Maybe different Zim regs apply, etc.

Well, I mentioned it earlier but for some reason the message was removed, I bought back in around midday. I wonder do we believe anything going on here, incl7ding J8mmy’s 30K?

Watching with interest. Can’t see its at this price for long. Must go higher on an educated gamble.

VL, was thinking the same so bought back in like a mug lol.

“… what patience has done, because none of us have access to the closed shop “you scratch my back, I’ll scratch yours” is provide COMPARATOR analysis, something no one has dare dream to suggest, either on this board or via all these greasy lawyer dockets “

Yes, Elvis, and at the Judges prompting if you listen to the clip.

The most important thing here is what the Judge directs in coming deliberations.

What will be his thoughts and recommendations?

I fancy we will see more time being added and a delayed exit from c11 at the very least.

Time is our friend because it allows for fresh revenues during the recovery to be audited correctly and now under intense public gaze as never before.

That is my hope.

Then we can all nit-pick the numbers at leisure.

“ actually felt sorry for him.”

Wolf, so did I. But my reading of that clip is that he is under pressure to remain impartial and therefore it is interesting that he has encouraged this current situation by allowing shareholder input dockets without he himself having to investigate in isolation.