Member Info for ACKER

Hope that certain posters can now understand why Stark disposed of shares when they did. {if indeed it was Stark}

Acker

Oxygen

Would not take UBS/JPM as gospel.

They have been found wanting in the past.

Acker

Gosh,I wonder what you would have done back in the old days when Prem was really in trouble.

This is a stroll in the park lol.

Acker

Jemgeee

Well, I think we will have to disagree, Prem will re-rate in the New Year on the back of nameplate + production, output attaining grades of SC5+, and the return of a buoyant lithium market.

Acker

Jemgeee

You have now moved the goal posts,I thought you were talking about the economic impact of the demise of lithium prices, and now you are talking about the ability to reach SC5+.

Canmax will carry on supporting Zulu.

Acker

You are correct, balls of steel are required to play Prem.

You went in too early.

Acker

Acker

Jemgeee

Do your homework, the lithium drop is only to balance the books.

Price increases for lithium/spodumene are on the way up during 2024 which will turn the business economics at Zulu and result in a very profitable mine.

Plenty of capital is available should the company require it.

Acker

Hasiba

That's much better, maybe a tad expensive but better.

Acker

Jaglith

I agree, that the demise of the spodumene price has been rather dramatic, and delays, for whatever reason have cost Prem millions in lost revenue.

Having done a lot of research on spod, the majors agreed that there will be a re-rate in price during 2024,a lot of the current problems have been explained by levels of stock held by battery manufacturers.

I take the view that even if Prem meets its obligation the net generated revenue from output will not give sufficient to service overheads.

Much brighter times ahead,at the moment,just crap.

Acker

Random

A couple of points about your post.

A] Canmax-- they don't come much bigger than Canmax. It really is a credit to Premier that the mine passed due diligence and the enormous investment proceeded.

B] It was a bold move by the company and Canmax to disregard the usual "DFS" route and go for early production to catch premium prices and to commission an "experimental " plant that had no track record.

C] Things have gone wrong, the blame game continues and the company shares have hit the floor, nobody said it would be easy.

D]As regards our CEO, well I have been an investor in Prem for many years he has made some silly errors, has no regard for shareholders who are just used as a cash cow, he is fearful of losing control, and can extend the truth when it suits.

I have spent years chastising his decisions against that he knows how Zimbabwe works and has some very useful connections.I applaud the way he stood his ground with Canmax.

CEO will not be removed by shareholders and although I have posted bitter words about him I would rather he stay in post.

The phoenix will rise once all this crap is sorted.

Acker

Hasiba

If this drop was expected why were you buying shares at a much higher price?

Patience is needed to play this game.

Acker

Dukey1234

Rest assured, your investment will come good but not just yet.[IMO]

I think that the SP will remain very volatile for the remainder of this year and maybe cross over into January.

A lot of gremlins remain,we have to settle the Goddard account and maybe find 3m for Canmax, and Stark December account,I do feel that Prem will come calling again with a December placement, and then we have the installation of the new ball mill which requires closure at Zulu.

After paying back the CEO and clearing the aspects mentioned then I shall be looking for serious production and serious re-rate of SP.

Acker

Shark41

A great reply spilled my tea.

Well done sir.

Acker

Shark41

You must be a member of The Telegram Group.lol

Acker

Roman

I think the 40m sell makes a statement.

God knows the price for "Goddard Share Settlement".

Acker

Should be very interesting, up or down?

Acker

Forget this year.

Acker

Amazing, people believe such statements.

News from company ZERO.

Acker

Martingirl

Should Prem miss November output and have grave concerns about December then yes CEO may bring the placing forward.

I cannot see the CEO calling another EGM, what I can see is Canmax opening the cheque book again and taking further shares, I would have no objection to this.

Acker

Bolta

Reading the same book.

Have written off the rest of this year, leaving the company to clear up the mess

Acker