Member Info for ACKER

I’m fully aware of warehoused trades. They’re simply broker‑held positions that get crossed or reported later, often in bulk. They still follow the same basic mechanics:

If they’re genuine sells, the bid normally reacts.

If they’re genuine buys, the bid stays firm or strengthens

They often print outside the visible spread

They appear in the same delayed‑report windows as negotiated trades

So yes, warehousing can explain why a trade is off‑book or delayed — but it doesn’t change the read‑through. If repeated large blocks were being warehoused and then dumped as sells, the bid would be under pressure. It isn’t.

That’s why the pattern still leans toward accumulation. Warehousing doesn’t contradict that — it actually fits it.

Acker

I’m not claiming to know who the buyer is, and I’m certainly not presenting anything as fact. What I am doing is looking at the tape and pointing out a pattern that’s hard to ignore.

When you see repeated off‑book blocks of 200m, 250m, 300m, 325m, 400m and even 500m shares — all labelled “Unknown”, all printed in the usual negotiated‑trade windows, and none of them causing the bid to collapse — it leans strongly toward accumulation rather than distribution.

If these were genuine sells of that size, the bid would have been smashed down each time. It hasn’t been. The price has actually stepped up across the sequence.

That doesn’t mean I know who the buyer is, and it doesn’t mean every single block is definitely a buy. It simply means the behaviour fits the classic pattern of someone taking size quietly through negotiated prints.

I’m not challenging anyone else’s view — I’m just reading the data as it appears on the tape. People are free to disagree, but the pattern is there for anyone who wants to look at it objectively.

Acker

An interesting day, popped into the posts of the filtered, was like travelling back in time.

Found nothing of worth, so pressed the filter button again.

Interesting transactions-someone accumulating.

Things are hotting up.

Acker

Jag

Pay attention,I mentioned this morning that I was going to dip into the filtered posters and assess value.

Filters will be reintroduced at COP today

Acker

Jaglith

I wouldn't follow that path.

Acker

China Spodumene Concentrate 5.0%-5.5% Li2O (USD/tonne)

2,264.57-2,588.08

2,426.33

+166.55

May 06, 2026

China Spodumene Concentrate 4.0%-5.0% Li2O (USD/tonne)

1,682.25-2,264.57

1,973.41

+152.05

May 06, 2026

China Spodumene Concentrate 3.0%-4.0% Li2O (USD/tonne)

1,209.93-1,682.25

1,446.09

+111.5

May 06, 2026

Would still make a valuable contribution to the Trading Account

Acker

Mafs

I agree your comments

Google is reporting that over the past month, the SP has risen by 95%.

In the current economic climate, this is quite an achievement.

Acker

Ballymena

You said the same post after post.

Meanwhile, the boys were accumulating millions of shares[TR-1] without you having a clue it was happening.

Wake up and smell the coffee, your gang is losing it big time.

Acker

Looks like investors are ignoring comments from Jag.

Some reasonable buys are being reported.

Progress is progress.

3 steps forward and only 1 back.

It's starting.

Acker

Cluless-1

Please read my post of 01/05.The question of delayed payment in settlement is covered:

IMO, the funding path ahead is becoming clearer, and I expect the following sequence of placements as PREM moves toward stable production:

Three placements to cover working capital and to settle both short‑ and long‑term creditors as Zulu transitions through commissioning.

Two placements linked to the Canmax interest obligations, which will need to be addressed as part of the wider financial reset.

One placement to clear the Roach loan repayment, removing another legacy liability from the balance sheet.

This isn’t dilution for its own sake — it’s the final clean‑up phase before Zulu becomes a fully functioning operation.

I still expect commercial production to begin in June. The plant progress supports that timeline. However, any strategic investor will want to see consistent, reliable output before agreeing to long‑term terms, and that’s perfectly reasonable.

Where I differ from some posters is in the cash‑flow expectations. Yes, 4,000t in June is achievable, and production should start. But production is not the same as cash in the bank. Zulu needs a settlement, not just tonnage. Depending on shipping schedules and payment cycles, meaningful revenue may not land until August or September.

Commissioning brings production first — cash flow follows later.

Does that answer your question?

Acker

Just opened the posts of the anoraks:

Ballymena

I would be absolutely delighted to sell tonnes of the lower-grade, gate sales, early settlement, home market.

It would aid cash flow.

Jag

In the last RNS, you said nothing of the sort, and you are getting very mixed up these days.

Acker

For goodness sake,will the anoraks please stop posting about funding.

Every poster is well aware of the situation,I am sure Mr Hill is also aware.

The BB has discussed this subject for months-

My post on 01/05 covers the topic:

Yes we know.

Acker

Snowking

Yes,great news.

Will have to revise my calculations lol

Regards

Acker

Ii. Canmax having financial oversight for the monitoring and controlling of the operational financial activities of both Premier and Zulu Lithium, including the final approval of all operational and trade creditor budgets for the utilisation of any funds raised until the Prepayment Amount plus interest has been settled in full.

Seems pretty clear to me: control of the financial activities of both Premier and Zulu.

Moving on.

Acker

All coming together:

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,730

+190

(+7.48%)

Fantastic rise in just one day.

Acker

The "non-shareholders" have been active today.

Acker

It’s astonishing that some shareholders still haven’t grasped the basic structure of PREM’s financing.

This isn’t opinion — it’s written plainly in the RNS.

Mr Hunt and the Board are not in control of Premier’s financing while the Canmax loan remains in place.

The RNS makes it clear that:

Canmax controls the flow of funds.

Canmax decides how much is raised.

Canmax dictates where those funds are allocated.

Canmax oversees and approves creditor arrangements.

In other words:

As long as the Canmax loan exists, Canmax holds the financial steering wheel.

PREM can operate the mine, build the plant, and push toward production — but the financial framework is governed by the terms of the Canmax agreement.

Some posters may not like that reality, but it doesn’t change the facts.

Acker

325m transaction on 01/04.

Anyone got any views on this?

I put it to AI, which suggested a strong "buy".

Acker

Hike

Good post.

Acker