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Well done PHC, that’s a fabulous rns today. No wonder people are buying
Bridgedogg1
Difficult to calculate but will offer a guesstimate:
Price per tonne after Canmax discount applied $1100
Cost of production $800
Margin $300 per tonne
Nameplate 4000 tonne
Acker
Share price down over 6%....
Once it gets to nameplate how much revenue do you expect Prem to get from a tonne of spod, considering it has already been prepaid for over the next 12 months?
Hasiba
That's a strange introduction, I was actually outside planting out onions when the market opened.
I would not be full of praise I would be posting" care and caution " about the forthcoming dilution.
IMO the RNS was fodder for the plebs,nothing of worth.
Acker
Happy with RNS
Said many times new issues will crop but this now shows we have a saleable product I believe canmax may not buy possible third parties to buy it to allow revenue for prem this revenue may open doors to other financing
Canmax being supportive but make no mistake they are a shark will let prem try an resolve now they have been as patient as possible I believe and know if prem sink they can easily consume prem dump 10mil and have a producing mine in. A blink of an eye
The only worry for me is how quickly prem can resolve and upgrade the necessary deficiencies to get to nameplate
I am more confident we can get to nameplate but can it be done before we go under basically
Time is all we need but time is not on our side
Stark have much to answer for and need to be held accountable on many fronts
But for now we just need to focus on production revenue production revenue
GLA
I think those who constnatly bash Acker should now see that he does always give a balanced view, which I have always thought he does anyway.
This is a shambles no other words for it. They are running on fumes and any meaningful production is months away.
I've had £50k sat on the sidelines since last October to put in here, waiting for the right time to invest. The longer the time drags on the more it looks like I won't be investing.
Very very high risk this is, but if you are willing to take the gamble it could be a multi bagger at some point if they pull through, but that is the $6,000,000 question will they????
The price for SC5 looks to be around $1200/tonne....(Difficult to find a definitive price).... but as a guide it would suggest our current output would be worth shipping....
Obviously not the RNS we wanted.... but I am happy....
ACKER …It’s funny how you waited until the market opened with its reaction to sp …to start commenting on the bb!
If the sp was rising you would be in full praise of progress made!
Market reaction to sp is relevant but MMs manipulation is even more important.
We are producing saleable spodumene and with reasonable quantity and moving forwards to further optimisation of the plant to increase the quantity and with better grades..
So what’s not to like …
It’s a good progress and positive results.
Finance if needed there is a headroom to raise for GR to raise.
Basically Starke fu#k the whole plant with the wrong parts and design…
I am positive and will keep holding while progressing forwards..
Yes the next dilution will be very expensive, using up many shares.
I am sure the Internet will help with the current price of SC 4 etc
Yes I agree that a share consolidation will come but not until next year ,IMO
Acker
Only way this will hit 1p now is by consolidation. What an absolute joke!!!
Yes Acker market showing no interest. Bring on next one saying 1000 tons SC6 exported
Acker,
If we use your source as the benchmark price for SC6 (from my research it seems other tonnage prices are quoted) but let's say that yours is the accurate one.... does your same source offer a tonnage price for SC4 or SC5 or even SC7?
Kind regards DA
Another placing inbound to pay for all the work needed to correct starks mistakes!!!!
The market is showing no interest in the content of RNS.
Bring on the next one.
Acker
Radika
Yes it has been a very long journey for the few.
IMO Canmax will offer further finance for more shares and will extend the repayment dates.
George could do with another 5/10m
Acker
Can CANMAX pull the plug with this delays.? Acker I have been sitting tight since 2017 and fed up.
Indeed, as I said before, nothing for April and now certainly nothing for May. My worries will begin late July in case of no sales and revenue, at that point another raise will be a must (whether it gets aporoved or not that is another matter). Selling a few tonnes of SC5 will barely make a dent in the debt owed.
Stark left a mess and will be more months until resolved, if.
Let's see what GR has to say in the interview but we're clearly no out of the woods yet.
The only other way is to mothball the mine.
Then everyone loses
Stark have really fcuked this up
Gazza4563
With respect, I have been sitting tight far longer than the majority.
The company is running on fumes and accruing debts daily, you won't rectify any faults if the bucket is empty.
Acker
Acker
If the commercial side never went of the window, then why so many placings to fund on finding the design issues.
You’re going to have to just sit tight and wait for all of the design issues to be rectified
Those screaming how good the RNS was why is the SP red!!!
Gazza4563
The commercial side never goes out of the window, it is the whole essence of the Zulu mine.
I am feeling rather disappointed with the RNS,the company called in world experts over 5 months ago. Others have joined the analysis team and faults are still being drawn from the project.
I remember the CEO last year stating that the Prem crew was taking a more hands-on approach and closely monitoring progress.
DOES ANYTHING WORK TO SPEC AT ZULU.?
It appears that once again I am going to move my targets.
God knows where the finance will come from to keep the lights on, betting on yet another EGM
Not looking good for my 1000 tonnes in May and nameplate in June.
What a mess.
Acker
This RHA all over again, George has zero real idea how this processing plant works so there fore he doesnt know if the contractors are doing the right things, and he has hired the cheapest company to implement it. just like he did at RHA where he had no clue what was going right or wrong because he had no clue what was right or wrong. now Prem are here. in a similar mess. He hasnt learned from his mistakes at RHA and now this will go the same way. down the plug hole.
The amount of people saying terrible RNS is staggering. Clearly they are not to be trusted in any post they add as they are unable to read and understand a basic RNS update. The details in this update were promising and expected. I'm not sure what some people thought the next RNS would contain in regards to did they think it would be... we are now producing a million tonnes a minute and its all SC6.
Hold tight guys this will come good soon.