Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
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George will have to announce the EGM shortly. it requires 3 weeks notice and the 1.25 million and 2 million for Goddard is for already incurred services. So George needs another 3 million USD by the end of May. That means EGM in June to raise more funds.
@jaglith - I suspect you have already shorted this recently and was expecting it to drop much further… ;-)
We have a long way to go but we remain encouraged by the facts that we are producing spodumene that is saleable. Spodumene concentrate in any grade more than 4% Li2O is saleable with an adjustment to the price p aid relative to the actual amount of spodumene contained in that bag. It should be noted that prices are quoted for spodumene concentrates at lower grades and these prices are in the public domain.
Clearly SC6 is not being produced
Any sales of the Settlement Shares will be handled by Premier's brokers under orderly market conditions with an initial 10-day lockup of the Settlement Shares.. Drag on the sahre price for some time then.
More placings required for debt.
EM going to be required sooner than expected.
I seem to understand he still has 800 million-1 billion shares left as headroom from the 4.5 billion placing he did last month? If that is correct, he should be covered until mid-end of July. If not, then your timeframe is correct.
Been saying for 2 months now, if no production by end of July then an EGM with another 3-5 billion shares will be a must.
Please vote NO this time, we might get GR to step down in order to save the company 🙏
Now that this RNS does not mention the 50 tonne production, and the last RNS did, PREM is pretty much guilty of market abuse for misleading statements. maybe a bored FCA employee could look into it....
Profitbags don't forget 370000000 of the headroom was set aside to repay GR loan as per the AGM notes, additionally there's approx $1 million to be paid to China Zenith in shares from that headroom. I doubt there's barely enough to cover those and certainly no more for day to day funding. The EGM call will be much sooner and the requested number will be much bigger, I'd think closer to 10 billion
Prem needs investigation carried out no other way now. GR has told lie to make again and there is ACT the applies to him.
I feel that the larger shareholders must be fed up with George and all his hot air and dilution. They invested serious money and all they got in return from George is false promises and a crashing share price. If they move against George, he's done for. On May 9th, Snowking posted that he "got 7.5 m at 0.183 and 1 m at 0.185". already down 10% on those buys in less than 2 weeks. And now with the EGM and 10 billions shares coming in June/July, this will continue to crash.
Jaglith im finding it very hard to believe your invested in prem as why would someone constantly slate something they have money in like you do you never have anything good to say does not add up ?
Ray, yeah true, forgot we owe GR £1.6 million. I assume he'll defer that for now unless he gets voted out though. The Zenith one might be more pressing. Jezz, what a mess 🙈
The only thing that can save us lths in the short term is the following sentence:
"The plant is fully optimised, we have an export licence and first shipment of SC4/5/6 going out by end of July...." One can only hope and pray.
Jaguar - well if the next RNS says George is getting replaced I would say that is excellent news.
SC6 is what Canmax contracted to buy, so another month of £2m interests! Noticed GR said "It should be noted that prices are quoted for spodumene concentrates at lower grades and these prices are in the public domain"! So no SC6 price of $1114, much lower !!! GLA
George strikes again.....he has a talent to raise again and again. How many times in a year?
Wont be long to the next placing....never is and that has not changed for over a decade. Always someone will take them
Profit
I agree with your sentiments regarding George stepping down he must realise that he has lost control of this project and has very little credibility left .
The only way that this project will come to fruition is when George steps aside. !!
George resigned years ago from Prem. He just never actually left. George even raised money to float Zulu off as a separate listed company. He got the money but no float.
Prem should have gone into admin years ago. I think you would have got 100 to 1 this still going. But George has always found a way.
I reckon Prem would be gone in a few months without George. Watching Prem is great fun....so long as you have a freeroll in it
Get out more barn....