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Steward ,
No way will George allow prem to put any money into Rha , but if the engineer report is as I believe then an off take agreement should follow in a few weeks . The upfront off take payement will give prem the money to fix the shaft or something and get Rha profitable again . Tedoby always refers to the railings , which will be good
Fair comment, Snowking - for RHA, I just don't want PREM to be forking out anymore funds on it. The Tungsten price is fine just now and maybe it will continue to rise but, as you've indicated, the price was well below breakeven as recently as January.
It'd be nice to get an off-take agreement plus a healthy upfront payment!
two important price points to consider for prem
1. Tungsten ATP price , RHA was considered profitable if Tungsten was at least $280 . In January $233 and now $303 . so if George gets us good news on RHA we are in business
2. Spodumene and Zulu . The scoping study had Zulu profitable at $800 a tonne , Pilbara got bids at $1250 and i believe European price is $930 . Both rising sharply and well past the scoping study price. This means that the DFS is highly likely if not certainly will show Zulu witth Epo will be highly profitable.
Ok thanks for confirming SK, I believe the sp increased 500 % in less than a week earlier this year when EPO was confirmed so that shows how quickly and how high this share moves on news, on that basis 1p + may well not be too far away here!
If you need 5-10p + then I would think with a bit of patience you could well be in profit in time bearing in mind the amazing potential here! GL
Yer a ramper...
Anyone noticed in the evenings the rampers /de-rampers seem to disappear , at least the normal (well I think I’m normal ) investors then have a chance to say what they think without di@kheads rubbishing you ...
Good luck to all the LTH’s and newbies who have sunk their cash into this share .
Just think what the sp will be in the next few weeks/months and ignore the silly MM games. Enjoy selling the shares back to the banks above whatever your sell target is.
jones i am hoping this week and next
Welshy mon ami . I agree about keeping the chin up( but look out for uppercuts) It is always better to be glass half full rather than half empty. The share price is heading north albeit slowly but it is still heading north.
Long may that continue.
Hairy Futtret
Just put my calculator to good use, I would need this to go from 0.0022 to 0.05p to recup my past looses :(
0.10p would recup all looses & double the money I ever put in.
What’s the chances of that happening? ;)
GR could go from Villain to Hero, which is to be?
Snowking, without giving too much away, should we expect news this week or more likely next week? Thanks
When this volcano blows I want to have a front row seat with 3D glasses on !
What’s the worst that can happen , the drill results are poor and we lose money ..
For some mad reason I bought more today
The joys of AIM shares .
Keep those chins up ??
Bickmaster , all I am saying is there is no Jv as suggested by some .
I said news is over due on RHA , how specific do you want me to be , if I say news at 7 am on rha , I may be wrong because it’s not in my control .
As you know well , we share as best we can info , but you know we can’t say anything about where news comes from . But I believe we will see Rha back in production in 5 months .
The main decision is invest now before we get a string of rns or wait and pay much higher .
If no news tonight or tomorrow morning then we're in for a turbulent start to trading - lots of folks, including myself, expecting news this week.
Posting rumours without evidence lowers credibility dramatically.
Sincerely hope that there's no news on RHA except that it's either been mothballed or given away for £1... RHA is an unnecessary distraction and has the potential to swallow up more cash... GR should leave it to someone else. The Zim gov't are not going to cough up anything so it's time to walk away.
At this stage, I can't see a JV - there's no way to value PREM... it has to wait for the DFS. Perhaps, there might be an off-take agreement but, again, I think it would be premature.
The real news that we're waiting for is the results from the initial drilling.
I'm not sure, snowking can presumably shed more light on JV situation? turnaround in sp today and continued heavy buying pressure from the last few days suggests there could have been a little leak of something but will have to wait and see if this JV rumour is in fact true or not, if it is then you would imagine that the sp should then work it's way into the 3-5p + range finally, so lets hope it is true!
For a minute then I thought the rumours from hotline brigade were true. ;D
Hi Snowking, what are these rumours you are hearing?
Dazedandconfused,
Not telling porkies.
End of the day that what a rumour is
Could be true could be false
Time will tell
As always good luck to all
The ramping brigade is back now that they have bought back on the cheap yesterday and this morning
Crumbles, yes there has, but allso craproach said last good news, nope, we'll go it alone, that's why the price crashed
Stop telling porkies, no JV until DFS is done