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Plasmerman ...So what the chinese paid for? Prem Zulu or Prem african?....i am confused..The money was used to build the machinery, so it is Zulu or african? And the land belongs to a different company....Could you clarify your statement...Thanks!!!
And the best bit of knowledge we have is prem African is separate from prem Zulu ,he made that very clear this was one of the reasons I didn’t panic ,onwards and upward 🥳🥳
prayer of the day
dear st gearge,
the chinese have done this many times,
taking them down and buying in the cheap,
now they have slap your face and,
send you for cruxifixion,
the almighty will lead you to the light,
look west!, look west!
and...deal! and,
all of us, will find salvation,
amen
note:
if the west offer you above 0.01! ...
go ahead and leave ****max behind.
George from the Jungle
*The fox will not sign the canmax new agreement as this will give the right to confiscate the whole business and with not benefit to Prem as they have to pay the debt.
*The Force of Mejoure/FM is too stop accumulating more debt and giving George time to either sell a fully producing SC6 or giving the choice to sell the spodument in the open market.
A fully producing lithium company will call the attention of many willing to take over Canmax and pay roughly the 35 millions.
*Gearge has too many things invested in Zulu(Mainly money. he does not care about reputation) and he will not give it for free.
THE CHOICES ARE FEW TO FIGURE OUT AFTER THE WORKS ARE DONE: TAKE OVER, SELL THE BUSINESS OR BECAME THE NEXT PILBARA...
THE FUTURE IS BRIGHT!!!!!
PREM AND CAMAX HAVE STRUCK A DEAL.
Insiders are buying big and pushing the SP/share price up. Above 70's ...This has happened before and it is happening again.
SOON PREM WILL ROCKET ABOVE 1!
The KODAL guys, Laverda and raaydaar should be worry why the chinese dont want to invest in Mali..The answer is simple: CIVIL WAR AND NO LITHIUM ..😂
Fairytale of happiness in the jungle book but I what I see in the latest GR video, we are not producing any spodumene! The whole production is under maintenance and upgrading…Hopefully this will change soon with the boy crying wolf..
See the big picture and don’t blame the users by calling them names.
I have bought back after some information from GRteam twitter and some clues decoded from gr.
And the response from the investors and traders has been buying back. NOW EVERYBODY KNOWS:
*WE WILL MISS THE 31st MAY DEADLINE.
*THIS WILL ACTIVATE THE 3 MONTH PAYMENT PERIOD TO PAY BACK THE PREPAYMENT OF 32 MILLIONS PLUS THE 40,000 TONES MONTHLY.
*BY JULY OR EARLIER WE HAVE SENT ALREADY THE LITHIUM TO THE CHINESE AND HAVE THE MONEY IN THE BANK TO PAYBACK THE 32’000,000 + monthly Tones.
*…GR, UPGRADING THE PLANT…IT MEANS RIGHT NOW WE ARE NOT PRODUCING THE 40,OOO TONES REQUESTED BY THE CHINESE.
WE MIGHT GET THERE OR NOT? THIS HAVE TO BE CLARIFIED BY GR!
HOW MUCH SPODUMENE ARE WE PRODUCING??
***INVESTORS AND TRADERS HAS GIVEN TO GR A STRONG BACKING, BY BUYING BACK AFTER KNOWING THAT WE HAVE STILL 3 MONTHS TO PAYBACK THE PREPAYMENT******
*THE SELL OFF WAS CAUSED BY GR-TEAM LUCK OF INFORMATION IN THE RNS!
INVESTORS AND TRADERS WANTS NUMBERS, DATA IN THE RNS OTHERWISE THEY WILL CAUSE ANOTHER SELL OFF.
TRANSPARENCY WILL BRING CONFIDENCE AND THE PRICE TO ROCKET!
Buy before the news because the next RNS, …GR will make sure we have the reagent and we are in production with a high grade of lithium.
Yeah.. I know, there is history of rns and shares dropping but this time I am confident the next RNS will consolidate the sp and push the prem above 1.
If he doesn’t do it, he deserves a big kick…
Prayer of the riddle
Thanks George,
For making my pockets full,
Pls forgive those who has doubted you,
Those who has caught a falling knife and
Have not looked at PREM
Those fools who has not invested
and burned there fingers,
Soon PREM will rocketed !
And leave those forgotten souls behind,
Teasing the teasers,
Fooling the fools,
PREM PRICE TSUNAMI IS COMING!
I want this shares to double like anyone else but the news todays says a Chinese and South African company will do the process. I means PREM will just extract the rocks?? Could anyone help me to clarify this issue…Please read the news below!!!
24 JANUARY 2023
Chinese Company to Establish First Lithium Processing Plant in Zimbabwe, Advancing Beijing’s Pursuit of Critical Mineral in the Country
A Chinese company that is a leading provider of materials for lithium battery manufacturers has reportedly partnered with a South African mining firm to establish Zimbabwe’s first lithium ore processing plant. The company’s founder was also an early investor in China AmperexTechnology Co. Ltd. (CATL), the largest manufacturer in the world of lithium batteries for electric vehicles, with an estimated global market share of 34 percent.
Zimbabwe has some of the world’s largest lithium reserves, coveted by market players and governments alike seeking to secure supply chain access to a critical mineral in the future of battery manufacturing, green technology and related national security considerations. Several years ago, the Zimbabwe government expressed its ambition to fulfill 20% of global lithium demand when the industry is fully developed. Chinese companies have been very active in the country over the past decade securing assets for export back to China and establishing positive relations with President Mnangagwa.
This investment appears to be a continuation of that trend, but, importantly, it comes after the government of Zimbabwe banned exports of unprocessed mineral ores in December 2022, including lithium, as part of its national development strategy to capture additional revenue, decrease illegal exports, and spur economic development. Companies that build processing plants in the country are exempt from the regulation.
The Chinese company involved in the processing plant has existing lithium interests in Zimbabwe which could be positively impacted by its announcement to establish a lithium processing plant. In March 2022 the company acquired a 13.38% stake in Premier African Minerals Ltd., the owner of the Zulu Lithium and Tantalum Project. The Chinese company is also an owner of China’s leading lithium chemicals producer under a joint venture with one of China’s largest manufacturers of lithium-ion batteries used in electric vehicles. Demand for lithium has resulted in exponential price increases in recent years, although there are signs that supply could outpace demand in the near future.
About Geoeconomic Statecraft
Janes delivers open-source intelligence on the global business activities of Chinese and Russian companies. Threats to national security have become increasingly varied and dynamic. Our data and analysis improves our customers’ situational awareness of how governments leverage companies within their jurisdiction, including state-owned and state controlled enterprises, for strategic purposes.
£0.60.....
Few months ago they caused a bid damage to Aranco installations.
Few day ago, they tried twice to blow the aranco facilities.
Now the high risk of any Iranian Houties missiles hitting Aranco, is very likely as anyone can shoot an Iranian missile from Yemen......Because of this Brent oil might reach higher than 75 dollars the barrels, even it might reach 90 dollars .....and pmo/Harbord easy will go to £ 60.....???
ARCM WONT EXTEND THE BORROWING BEYOND MAY 2021, FOR THE SAKE OF MAKING MONEY......
They had inside knowledge of the financial situation of pmo and with the interest to make profits, they shorted pmo for a millones of pounds. They have done it before. This frauster should be banned from dealing in Uk. Shareholders should take them to the court and put them behind bars.....
Shareholders being paid with with an expected 5.45% of the combined group??....
If I am holding 10,000 shares...how much money I will get??...Any help???
The last Few articles were negative. I will not invest! For sure all of them has burned their fingers. They never anticipated a take over??????...
Premier Oil PMO.L and private equity backed Chrysaor will merge in a reverse takeover which will see Premier's creditors being paid $1.23 billion in cash and its shareholders with an expected 5.45% of the combined group, the firms said on Tuesday.
Separately the company announced plans to ask investors for a further $300m, on top of the $230m sought for the acquisition of assets from BP (BP.), as it looks to refinance its borrowings. Premier is sitting on net debt of $1.9bn......from an article published 3 hrs ago.
The. PMO price has been dropping due to the dilution cause by the equity rise or printing more shares. So they will give you two to buy at around 0.20 pounds for every 5 you are holding....
My opinion. Has to be done quickly. Markets does not like uncertainty. The quicker the better So all this Bp assets goes into PMO production. The long term outlook is good. In two year I see pmo around £ 1.20 or higher depend of the oil price...??
Be patient!..I was in your shoes before and I carry on buying At low prices.
Pmo in 2 or 3 years it might reach £1.50 depend of the oil price but now there will be an equity raise to buy bp assets. Basically they will print more shares and the market or shorters/funds are pricing the future of pmo share....there is always dilution when there is an equity raise...
LSE
mercadouno
My assumption are base in those two articles from Monthly Fool. So if you want more technical detail of what is happening with pmo. You have to read it.
I believe you are the krakedonkyoil?? one who doesn’t know what is happening.
By the way you have replied, it is more likely you are loosing money. And behave like the north corean dictator kin jong donky Who can not tolerate opinions.
Poor you ...is already 35 and something and somebody said 30..ha,ha ..don’t worry AFTER IS SETTLED THE ASSETS FROM BP...IT WILL JUMP UP. For now the shorters are pushing the price down because there is a lot of uncertainty with PMO in relation with bp. ??
Nothing new....when Monthly Fool published his TWO article about PMO. They were telling us that they might be a Right issue in order to rise money and buy the BP assets. And for a company who has a huge debt and little cash , ...the logic is that they will rise the money.
So the shooters are positioning well ahead and that’s why we see a big rise and bit by bit is dropping further down..How long might go ? Somebody said 30? I was thinking 35,...I don’t know.
This uncertainty is pushing the price down and I believe after is clear how the money will buy the BP assets, there might be a big rise.....my opinion.