Member Info for ACKER

Such a better BB having Goingtomoonufo on the filter.

Acker

I know you have been waiting for this lol

Price down to $ 1670

Acker

Thetwoofus

The point of my post was to demonstrate the swingeing cost of Zulu production and the adverse effect on cash flow projections.

With diesel having risen by 56% in the past year and coupled with inflation one can see that when comparing production costs with that of say, just two years ago no comparison can be made.

Power at Zulu is all fueled by diesel.

We have a scenario where production costs are increasing and the value of the output is in decline.

Posters can, if they wish, put their head in the sand however this is a matter facing Zulu and profitability.

Let's discuss ALL aspects, not just the pleasing ones.

Acker

Wow, chaps ...a little aggressive.

Just highlights the fact that production costs can be affected by global market forces.

If I was working on production costs on an annual basis I would not have penciled in a 50%+ cost for Zulu power

Acker

Up 56.3% in the last year in Zimbabwe

Acker

PhatJ

Currently running a book profit of 284.37 % on UPL so it can be done.

Acker

Should there be some form of revised deal the terms will be very interesting.

I can envisage Canmax increasing product discount from 10 to 15%.

However, whilst the spod price is on the floor both have to be careful.

As discussed with Jaglith,it will[IMO] be borderline in q1/q2 , will Zulu run profitably?

It is no good Canmax to push hard if it doesn't leave Premier sufficient working capital.

Maybe some form of sliding scale to follow improved output.

Zulu reaching production is only part of the story and it will be a welcome milestone,it will not dissolve all the problems

in the early months.

Acker

Jaglith

I tend to agree with you in some part, not expecting Zulu to be awash with cash in Q1/2 however as the plant increases production, efficiency, and spodumene prices rise funding debts will ease and Zulu should become profitable.

Acker

Looks like an early Xmas box.

Very pleased

Acker

I'm cutting the old boy some slack.

The CEO has his back against the wall, giving him until the AGM to get matters sorted and put this machine back on track.

He is/was a novice miner, he has apologized for errors and said he is embarrassed by the lack of progress.

On his side for the short term, needs results.

Acker

Wolf

I think it is very important to keep an eye on spod price not only for Zulu but also for our other assets.

I did a daily record of prices going up, this was shared with Snowking.

I will continue with daily reports.

Acker

$ 1700

Acker

Give the man the rope....

Perhaps he will now find someone else to aggravate.

Acker

Goingtothemoonufo

You have one heck of an imagination, must be very stressful living the way you do.

Now just accept that I just posted my views and leave it at that.

I'm getting rather tired of you nipping at my ankles. give a rest and move on to another topic

Thank you

Acker

Goingtothemoonufo

Full production early Q2 with good grades.

Revenue helping Premier but no cash accumulation until Q3[late} or Q4

Lithium prices start to recover during the 2nd part of the year.

IMO

Acker

Wolf

Not expecting any material recovery until mid-Q3/Q4, as we both know the market is so fickle anything could happen.

Yes, moving such heavy plant in the middle of the wet season on substandard roads may cause difficulties.

Acker

Goingtothemoonufo

Please keep up, already moved my production date away from Q1.

Try again.

Acker

Wolf.

Thank you for your figures.

A little different from the times when $20m per month seemed possible.

Regards

Acker

Wolf

I hope you are correct however I can see it falling for some time yet.

My estimate:

4000 @$1360[1600-15% discount] = $5,440,000 --call it $5.5m.

Canmax take 65/75%

Terms improve as the year progresses.

Acker

Hasiba

On the first production of 4000t at Sc6 how much revenue are you expecting?

Acker