Member Info for ACKER

Cosmonaut- so if Zulu triggers the "Supply Commencement Date" before the end of April surely the output for May must reach "Minimum Delivered Product" give 10%

Acker

Cosmonaut--beg to differ--the minimum rate at 4000 tonnes per month,that is how i am reading it.

"Offset of the Advance Purchase Amount through invoices raised by Suzhou TA&A for shipped SC6 should commence no later than 31 March 2023 at a minimum rate of 4,000 tonnes per month on a rolling average basis plus or minus 10% ("Minimum Delivered Product") following first Concentrate Production ("Supply Commencement Date"). If the Supply Commencement Date does not occur by 31 March 2023 or there is a substantive delay in the subsequent supply of SC6, or there is a shortfall in the Minimum Delivered Amount, then Premier will pay interest to Suzhou TA&A at a reasonable interest rate that represents Suzhou TA&A's actual funding cost for the delay or shortfall.



If the Supply Commencement Date does not occur on or before 30 May 2023, then Suzhou TA&A may terminate and seek repayment of the Advance Purchase Amount. Premier has the right to settle the Advance Purchase Amount at any point."

Acker

Hammered 11 I get your point however we are under contract to deliver at least 4000 tonnes by the end of May.
You are well aware of the consequences of nondelivery
The plant HAS to run 24/7 for a MINIMUM period of 22 days to achieve tonnage.
I for one don't want to see Premier "out of contract" and the possibility of re-arranging millions of finance.
To get the plant running for 22 days all must be clear by the end of this week to allow grading etc.
Time is at a premium.

Acker

Zulu production.

What concerns me is that we only have two weeks left to ensure that all the gremlins have been sorted and that the plant will be ready for a commercial run.

Acker

johnnypc yes maybe however IMO still snakes and ladders during the void period.
I think a lot of investors, myself included, would like the company to clarify its current financial position.

Acker

IMO Premier has already missed the April target for shipment.
Better the company focuses 100% to complete the May shipment thus satisfying the terms of the agreement.
Wiggle room is disappearing fast.

Acker

Are there no strict rules governing the issue of information to stakeholders?
My understanding is that if a material event can have a consequential effect on the share price, the company must issue a formal notice, and Premier uses RNS.
Should Zulu be operational I deem this a material event.
Still no RNS from the company.

Acker

Well some very good news yesterday, we will not be hearing from the "sit and wait" posters for another two or three years.

Acker

Encouraging report on Zimb lithium:

https://www.msn.com/en-xl/africa/other/zim-to-supply-20-of-global-lithium/ar-AA1aaLFP

This bodes well for Premier and its expansion policy.

Acker

Quakerjon--yep it looks that way.

Acker

jaguarflush--100% agreed.

Acker

jaguarflush-in real terms the rewards are not far away.
Let's get this "awkward" period behind us.
Regular monthly output
Improvements to plant design and efficiency ratings
Capital expenditure to increase production
Verifyied reports of increased spodumene resources.

Name your price.

Acker

The lithium policy being promoted by the government in Zimbabwe is a credit to the country.
Rather than lithium being "stolen" the government wants as much "added value " to happen within Zimbabwe.
This policy falls very nicely into the lap of Premier who, given a few months, will be in a position to commercialize any proposals as cash will be available and investor money will be negotiated.
So many options are opening for this company.

Acker

Processing plant

Some months ago during one of the interviews CEO mentioned that the EU/west was behind the 8 ball and should they[the West]want a slice of Prem/Zulu they would have to make a direct investment into upgrading/new plant or something like a processing plant.
Build my processing plant George--you know you want to.

Acker

Processing plants

More on the subject.

https://miningzimbabwe.com/cabinet-approves-a-new-lithium-ore-policy/

Acker

IMO this has enormous potential for Premier especially when the EPO region starts producing.

https://miningzimbabwe.com/govt-mine-process-or-sell-your-lithium-to-plant-owners/

Acker

Snowking/Jenkoo

Reading the same book.

What a year this will be, transformational for Premier .

Acker

Well, it's Friday, usually a good day for Prem SP.
If I may pinch a bit of Pugwashes post:

" Investors at this stage should be very closely watching production rates (how much is being produced, and how fast, for how much profit).’"

This is exactly what I have been banging on about for many weeks.
This information will be available in early Q3, then watch the SP climb.

Acker

If I may reiterate my view:
I do not think the notification of Zulu in operation and the first sale of 1000 tonnes will excite the market, we may get a blip of a rise.
The excitement for me starts in May with the first commercial shipment. With the shipment, the company will be able to attach some mine economics which will be most welcome.
The first receipt in June will be very welcome and notification that the June shipment has left the gates.
If Premier can start to show a regular monthly income, that Zulu is an efficient producer of quality then the game is well and truly on.
IMO it is fireworks from the start of Q3, watch out for :
increased production
increased resources
a gradual turnaround in spodumene prices
final negotiations with 3rd parties leading to lucrative agreements
Solar energy at Zulu.

What a year for this company.

Acker

Government belts much support for the lithium industry and its economic value.

Premier will become a major player in Zimb lithium, hope that both can work side by side for mutual benefits

https://www.newzimbabwe.com/mnangagwa-pins-hopes-on-lithium-says-zim-will-get-rich/

Acker