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Snowking, you seem to have not grasped that production in 2023 is as yet not right so you can't really pat yourself on the back. PREM have previously said that if it's not in an RNS then basically it's not right. Have I missed the RNS that said Prem are mining in 2023.
I can appreciate that the interpretation is you know more than you let on and that's great for you. As yet I've seen more predictions you've made be wrong than right and you have made a few.
I hope your recent prediction is correct and it all goes to plan.
On a final note none of the above is meant personally as it is good to have a balance of opinions
Shiny , yes I agree it is arrogant , but the proof is in what will happen .
I happen to believe SK knows more than he lets on Shiny…
Looking forward to seeing what happens today…
Will we get an RNS?
Or
Will we get a continued increase in buying setting us up for end of day / next week RNS?
Next week imo but happy for either if it’s the right message.
J
Ha ha ha ha ha, Snowking, do you realise what an extremely arrogant comment that is: "I may be the only one on here who understands what is happening." I think that there are far more people on this BB that have a better idea of what is happening than you.
Hey SK - I've been quiet on Prem for a few weeks but still following the chat. I really like the pilot mine approach but it comes with a risk that we might not have an accurate assessment of what's in the ground. That leaves us exposed to a cheap takeover by our Chinese friends. The main concern I have is what GR might give up to get the pilot mine built - simply can't see GR being given the finance without also giving up something else.
I think that's why the sp is still languishing where it's at.
Watcher , no problem with your label .
I would add that whilist I am a supperbull I may be the only one on here who understands what is happening .
Prem has now changed track from the tradional plan which was drill and drill get assay results , define the resource , define the ore body , complete Dfs , look for Jv give away 50% , Hilda a mine and produce spodumene in 2024 q2 or later . Just about everyone on here thought production would be late 2024 or 2025 . When I said last month a game changer was coming I was correct production will be early 2023 .
But the new track is , build a mine because it is obvious that there is enough spodumene present for many years ., no need to delay waiting for dfs completion . No worry for assays or resource upgrade , just get the stuff out of the ground as spodumene is so expensive.
So over to George to confirm what prem intends to do
I believe all will be revealed soon . I do not think we need assay results to build a mini mine , there is ample evidence already from the 70 or so drill results in last five years .
Zulu will be proven to be a monster . We should hit the 20,000 metres in June if my calculations are correct . But agree would be nice to get some results of assays . But building a mine is more important in my opinion .
So let’s see if buying restarts tomorow
I have to agree with Watcher36. If it ain't in an RNS it ain't worth nothing especially in Prem. He said in interviews before about assay results we would be getting and then went quiet until an interview saying the goal pasts have moved. Hopefully they don't move again lol
Thanks Horult. Call me a pessimist but i dont trust or quote anything GR says in interviews. Until it's formalised in black and white in an RNS it's not worth pinning hopes on...he has form
yes the RNS we are expecting is with regards to pilot plant
in interview George stated he would be doing an intense 2 week drill campaign in target area using all 6 drills to basically prove/disprove that area is suitable, the recent tweet photos indicate rigs have gone onto other positions, indicating that phase was completed
would take a little while after that to analyse results and prep plans/details for market - and more tweet photos indicated they were testing the samples
he has 12m in bank already and imagine Suzhou would top up more if it was needed for the build
so its expected news any day now really
No problem Tygra. There are far far more knowledgeable people on here than me so just read what the in the know people post and try to absorb as much as you can. I know nothing about mining, the steps involved etc. Bickmaster, Wolf, Acker, Snowking, Steward, ProfitBags to name a few all have excellent stances. They vary across the optimism scale too so you get balance. Snowking on one extreme, Steward/Bick on the other. Acker in the middle. Hope you all don't mind me labelling you guys - its complimentary honest!
Watcher
Cheers for the reply. I'm pretty new to this stock and not spending much time looking at the ifs and buts. I'm very happy we have partnered with the Chinese group, as it's them that have the demand and customer base lined up to take any supply from mining.
I would expect the bloke now on the board will want to get a pilot plant commissioned so we can get some idea what we are dealing with raw material wise. At the end of the day, lithium/spodumene is in demand right now, if you don't capitalise in a high demand environment you may end up missing the boat if the demand dwindles.
You only have to look at Nickel as an example, so many miners closed production years ago because it wasn't economical. Now there's old mines being dusted off and fought over because the profits are immense if you have a close to surface supply in a low cost jurisdiction.
We shall see but I would hope a plant is commissioned and construction commences this calendar year.
All the best
Good question Tygra...I'd be extremely surprised a deal has been struck for funding of a mine but who knows? we've had radio silence on Zulu progress for 3 months - doesn't mean GR and BoD havent been disclosing assay results etc. I'm sceptical there's enough results yet based on GR apparently going cap in hand to the lab house after the 12m was raised. We can hypothesise all we want - i just want to know some damn assay results. It's hard to remain focused and invested (i've now walked away and openly using this to trade) when we havent got hard proof the lithium is there yet
What RNS is it that you are expecting? You thinking a deal has been agreed to build the small pilot plant and get production this year?
All the best
have to agree Acker - the late buys definitely suggest early doors (7am) RNS. We did see a run of huge volume without an RNS fairly recently. Just nice to see the sp heading north :) Enjoy the climb of the Prem roller coaster all. Someone said earlier today that this RNS feels like one of the most important RNS for some time...i agree with that sentiment. Hopefully we see some Suzhou impact with positive assay results, strategic planning and clear next steps / milestones.
so far this week , world markets falling laods , prem up and a new market maker.
there is a lot happening . Acker do you recall a few weeks ago you had turned negative somewhat and i said Acker get your radar up and wake up . well that is how i feel again .
Prem in my opinion is going to blow our wildest dreams out the window with what i hope will happen .
It is not rocket science but if PREM go for a mini mine , the big questios nare
1. can prem continue to hold 100%
2. when will it be built
3. How much will it cost
4. What volume of spodumene can be produced
5. what will price of spodumene be in 2023
From these questions a valuation can be calculated.
Acker you need to find out the answers . My valuation is 5p in 2023 , based on a spodumene price of $4000 in 2023 ( currently $4775) , market cap over £1b . Cant say more !!!!!
level 3 bid was very suddenly very high late in afternoon , so someone is after stock .
Institutions know what is coming.
Something could be leaking
hmm possibly right on that one
some big trades sneaking in, in last 30 min
Going with RNS sometime tomorrow.
Acker