Member Info for ACKER

Snowking

Looking at Q4

20t per hour

480 per day

On a 28 day run=

El-Gelboy

May I enquire into the source of your information?

Acker

You’re quoting an old concept study that was never adopted. There is no requirement for a new 23 km dual‑carriageway to transport concentrate from Zulu. That idea was floated years ago when the project was being modelled at a completely different scale and before the current logistics routes were established.

Here are the facts:

Zulu already sits on an established mining haulage corridor near Fort Rixon.

The road network from Zulu to Bulawayo is paved, in regular commercial use, and fully capable of handling 30–34 tonne bulk tipper trucks.

This is the same route used by other mining operations in the region — nothing unusual, nothing new to build.

From Bulawayo, concentrate moves via existing national highways to either the Plumtree or Beitbridge border posts and then on to Durban.

For 4,000 tonnes, you’re talking about roughly 120–130 truckloads, which is standard for regional mining logistics.

So the idea that PREM needs to construct a brand‑new $16m dual carriageway before a single tonne can move is simply incorrect. The infrastructure is already there and already used daily by heavy haulage.

PREM’s focus — rightly — is on getting the plant commissioned and producing consistent concentrate. Transport is not the bottleneck, and it never has been.

Acker

Hoping it all works out for shareholders.

Acker

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.

Acker

No price report today,Labour Day in China.

Acker

Snowking

Great news

Acker

I am confident that Hill will get Zulu across the line during Q2

May will be used to chase gremlins.

June will see the first commercial run.

At nameplate production, anticipate net profit of c$3/4million.

The critical point, when will Zulu get the cash, could mess up the cash flow.

Acker

AS we come to the end of April, Mr Hill continues to report progress at Zulu.

His tone is confident, and he has assured shareholders that the drive for commercial production during Q2 is a reality.

Immediate finance is available; long-term creditors' debts are reducing, and Zulu has working capital.

I expect two placements for creditors and working capital, end of May and June, possibly two Canmax placements and the Roach repayment.

Acker

The speculators will be the accumulators.

Acker

Radika

You and Seagul are suggesting multiple future placements. Has the company got the share headroom, or are you suggesting a further EGM to satisfy your theory?

Acker

Radika

How many placings do you call"lots"and when?

Acker

And still they moan.

Acker

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,501

+1

(+0.04%)

Acker

I think a lot of posters would do better at the Building Society.

Acker

NASAI

As soon as Zulu can show its merits, then Glencore will, if still interested, open negotiations.

The core of discussion will be between Glencore and Canmax.

Financial stability is what Zulu requires.

It may turn out expensive for the shareholders.

Other parties may help the situation,a JV or two.

Acker

SP holding up well despite having to absorb the larger sells.

Acker

Everyone is aware of the debt repayment and timeline; it is factored in.

Acker

For the very good news, hopefully this week.

Acker

Following the issue of the Subscription Shares, the Company's issued share capital will consist of 32,720,879,908 ordinary shares with voting rights.

Acker