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When all the proof you require is public this won't be any where near today's price
But OK I completely understand some people have total risk aversion
But I'm not young. I need to take a few educated risks
Interesting.
Guess you'll never invest. Don't think GR is going anywhere
And despite the issues I've got with comms I think George is making some good and interesting things happen. And faster than we once thought
I think a few surprises are coming that could blindside a few. That is only my own personal assumption.... I've no contacts
No i wouldn't
Output is tiny for next three years now.
Id want to see DFS all the data available. Zulu maybe this 'monster' but prove it.
Also why did suzoh agree a 10 year deal with another prospector that has a much smaller resource but only 3 year one with prem.
https://mining.com.au/global-lithium-secures-10-year-spodumene-offtake-deal-with-suzhou-taa/
because confidence is low in GR credibility. Id need more data to convince me. I think thats fair. Seen him flop many times.
Chuggley, don't argue with Mr indecisive... His small investment in KOD says it all... Definitely not a risk taker.
Wolf
Interesting response Daz.
So even with a 3.5k (the lower end of Chuggs assumption) price at 50k tonnes you still wouldn't see it warranting buying in because of those 3 points.
That is a strange one for me as that would definitely see a larger market cap than where we are now regardless of my own opinion on GR
Ive maintained zulu is a good asset
Change GR
complete dfs
Consolidation
Id be interested.
OK daz
My point being its strange to spend so much effort throwing stones when you've no skin in the game. It's like me spending all day in kodal or another share I don't hold. It would be very strange
OK its obvious I don't agree with your "red flag" it's a major factor of course. But unlike you I see no logic in doing a self destructive deal
Agree any supposed contract rate is assumption
My assumption is based on $4k. +/- 10% but I've confidence that the deal done will be of advantage to both parties and to shareholders. But yes we'll see. Not sure what you get from your beleifs but hey
Let's try a different approach .... we know you don't hold. But if a contract rate was confirmed. What is the least where you'd change your opinion and invest?
Or are you just saying doesn't matter. You won't invest in prem regardless
Chuggers
Not necessary to make comments like 'has issues' says alot more about you.
I have provided dozens of out sourced links to support my arguments you provide absaloutely no value to this board.
Just all IMHO stuff.
So ramped up nonsense.
Facts
50k output
3 years
9 month build time
DISCOUNTED spod price. That is a redflag.
Wether you like it or not.
You need more detail to support all your twitter nonsense.
Market clearly does not agree with this deal otherwise it would have gone ballistic.
Roman when a person who has no shares comes on a board such as this and spends all day everyday posting nothing but negatives they've got issues and they too are using assumption to spread fud
As to sk etc making assumptions on price we can argue or debate all day. Prem is a business and the sale rate is going to be a viable rate
But I can't disagree that most things are open to assumption but we can also add logic to assumption
Daz comments are drawn from assumption with no commercial logic
Sk draws from assumption but has commercial logic
Let's all hope we get more information to help guide us with some facts.
Maybe we can soon start to close the door on a few on here that only ever post negativity and refuse the possibility of anything positive ..... and these types of actions do attract suspicion from real holders
As to daz hid intent and agenda is wierd. Maybe he should take his expertise back to the share he does hold as it appear quiet over there without him
Correct that's what I'm referring to as the transactional documents that the RNS states aiming to be within one month.
There may be additional information that's comes in the forward looking statement for the accounts due that helps narrow it down before then
Roman, I wouldn't expect an RNS about the offtake agreement! until the deal is signed off in 4 weeks time !!
Wolf
I agree with the point but I think if that's the case SK and anyone else can't also rely on a price for turnover and in equal measure as you assign to Daz spreading FUD the same is in equal measure for whatever acronym you assign to the opposite of FUD.
I'd be surprised to not be given some basis of the contract/floor price once the transactional documents are complete. Whether that requires some maths to give an idea and or a stronger basis for assumptions at least. At some point PREM would be needing to tell the market something on their projections for revenue so it will be more reliably probable for Daz and SK and the like
Roman. My point isn't to ignore the price but that we'll probably never no price and its that which people like daz rely on for his fud
My point is its a commercial deal and a partnership and even in a worse case scenario it would cover all operating and capital costs, Royalties and loan payment AT A MINIMUM
And even in that unlikely scenario we have a mine operating and producing for free
That said. There'll be profit too
And this doesn't take into account expansion at a point soon after the first mine starts and sale of other minerals which could be very soon as clearly stated in the rns
Daz, can't argue with fact's but most of your posts are about assumptions based on the past or the unknown... Not the present, and you don't appear to be able to factor in the future events... Oh god I've just realised why your so confrontational.
Wolf
Exactly roman finally.
Show me facts i will adjust figures.
Whats a reduced rate ? Seems like a early red flag for a crap PT.
In all the time i have been looking into prem not had one person out source me a link to disprove me.
How much evidence base stuffed have i showed here ? How much have you learnt from my posting vs SK.
Your welcome.
All very valid points.
Personally the contract price can't really be ignored Chuggs as it's quite pivotal to everything.
It's pivotal to determine how much revenue would be generated, very key to Snowkings assumptions on revenue generated, very key to how much could could or couldn't be used for mine expansions, very key to how much money could be used to cover costs of discovery in the rest of the EPO, very key to disprove Daz.
So all in all i'd say VERY KEY and not one to just ignore.
I'd like to think this would be made clear in the next month following all the remaining paperwork being signed etc.
Wolf
Not researched suzoh much i know they had another 10 year deal recently. But certainly chinese drive hars bargains hense world dominant.
However whats the point ?
You'll just close your eyes and sing over me saying GR is great. How dare someone have a opposed view on a mining stock.
Twitter backs you lol. Oooo legend. A poster (who could be you or your nan)
Think you'll find 100 support tweets for prem to every one against. But guess you'll call supportive tweets ramps. But that one is OK.
You really need to see the doc daz lol
No Daz, you tell us how the Chinese work... Start by telling us how many companies Suzhou have nobbled !!
Wolf
Hows the twitter ramping going ?
I see twitter people are back me.
https://twitter.com/jvm_john/status/1541402997556756480?t=JCfE4nHx-w4thfpX0dkFZg&s=19
So glad you know what we don't daz
You're my hero. I'll sell my holding now and buy kodal
Thanks daz
Lol chuggers then you dont know how the Chinese work.
'That would not be commercially sensible for any of the parties as Suzhou want a partner to supply lithium long term - theyve invested(or are) $50m - you are showing how naïve you are if you think this is how business partnerships work - they are not looking to nobble Prem'
As a follow on from my previous comment. And as certain people feel the need to try and convince this bored that the deal done is bad for prem..... this is a commercial deal and we are unlikely to get detail at this point. Commercially sensitive etc. (But some will use this to create FUD)
Just for a second forget what deal George has done in terms of the contract price (although i see it being competitive) . Its relevant but don't see it being shared. At the very least any deal done would have to deliver opex and capex for the mine covered, Royalties to Zim and repayment of loan - in the first 12 months. That is at an absolute minimum which would then give Prem a free mine and theyd then just go and find decent customers who are willing to pay a decent price
That would not be commercially sensible for any of the parties as Suzhou want a partner to supply lithium long term - theyve invested(or are) $50m - you are showing how naïve you are if you think this is how business partnerships work - they are not looking to nobble Prem
That all said and imo. The deal will be good for both parties.
Reading the concerns over the loan and collateral given. I don't think many have read the rns and understood it
There are some very decent get out clauses for prem too
But let's be honest this is a commercial agreement where there's now a relationship its not designed to screw anyone just protect
As to discounts.... they'll not be punitive else prem may as well have got a commercial loan and paid commercial interest
All valid concerns Wolframite and ones to check off as more news flows.
You shouldn't get swept up in just the guesstimated revenue from others it's your own due diligence.