Explaination20 Dec 2023 22:55
Here we go;
IMO in early January, the CEO will call an AGM /EGM on the agenda will be two items, re-election of the CEO and raising the share ceiling to allow access to £10million.
The funding will cover:
Zulu costs to production
CEO loan repayment
Capital expenditure on the project formally known as Li3
Expenditure on further exploration into the EPO.
Suggesting regular nameplate production during the latter part of Q2 with high-grade spodumene.
Regular production continues during Q3, output is increased to 6, maybe 7,000 per month.
Premier starts to make inroads into Canmax loan.
After excellent results, Prem Canmax and "others" press ahead with plans for mine construction.
Huge discoveries made within the EPO region, Premier and Canmax set about exploitation.
Premier is awarded further EPO ground following the failure of others to commit.
Zimbabwe's government supports Premier and contemplates awarding a spodumene contract.
Offers for Zulu and Premier are dismissed as inadequate.
Further acquisitions made in Li3 region.
By mid Q4 Premier can fully fund projects from buoyant sales and agreements.
Happy Xmas
Acker