Member Info for ACKER

Jenkoo--that would be good.
Before I am shot down by others I do not see zero sales in March as any type of detriment to the outstanding achievements of Prem and the team.
The company will grow and prosper

Acker

SprintRS--yes the demand for lithium will continue to grow as society and industry accept battery power and the necessary infrastructure is put in place to service needs.
After the EV IMO, the energy storage market will show the greatest growth potential.
I think we were witnessing another industrial revolution and with it the emergence of Africa, particularly Zimbabwe.
Lithium demand V lithium supply is a discussion that has graced this BB many times. Have done hours of research reading paper after paper on the matter, and in my conclusion, no one knows what will happen.

Acker

Jenkoo--as you say, it will be an interesting month.
My gut feeling is that although the pilot plant will be up and running in March the first "sale" will occur during April.
Mr. Roach reported earlier that the pilot plant requires a continuous run of 22 days to obtain a sales package.
I think it is a matter of playing the waiting game.
Cannot see much happening to share price during void period.
It will come good.

Acker

What you must look for is the price of spodumene at 6%.

Have a look at the February review;

https://seekingalpha.com/article/4581070-lithium-miners-news-february-2023

Acker

passiton--ps. great work on this BB.

Acker

passiton--thank you for your post on the other BB.
Very much appreciated by me and many others.
Great link.

Acker

And now the good news.
Reuters 1 hour ago:

"(Reuters) -UK's FTSE 100 rose on Wednesday, with miners leading the gains as commodity prices surged after data showed manufacturing activity at top metals consumer China expanded at the fastest pace in over a decade.

The blue-chip FTSE 100 gained 0.5%, bouncing from its biggest single-day drop in nearly four weeks in the previous session.

The industrial metal miners index surged 3.7%, set to record its best day since early November.

Metal prices rose after China's manufacturing activity expanded, smashing market expectations after production zoomed following the lifting of COVID-19 restrictions last year. [MET/L]

"If you look back to mid-January, you've seen a steady decline in mining stocks," said Christopher Peters, trading floor manager at Accendo Markets in London. "Some good news and positive data coming out of China today should be boosting the miners."

Acker

In my view, the company has to move away from "potential" and demonstrate to the market over a few months that it has credibility as a producer.
Then, and only then will the SP start to reflect the prices we are all anticipating.
Just moving to a producer will excite the market however I do feel the company will be required to put more flesh on the bones to start achieving the SP levels mention by posters.

Acker

Acker

Not expecting the best results from the first pilot plant output.
There should be some SP movement upon news of the first sale however for me, the real re-rate will come near the end of Q2 or early Q3 when the mist has cleared and a true and quantifiable assessment can be made at Zulu.

Acker

Very good report.

Acker

Just stick to the fundementals--all will be well.

Acker

Money returning to Boil.

Acker

Would be silly not to.

Added more at this bargain price.

Acker

When all the excitement over Zulu calms down I would like the CEO to take time out to re-visit RHA and assess again the commercialization of the mine.
Zimbabwe's government could show "open for business" by getting to the table a sorting out this long-running dispute.
I would like to see RHA operational and this is one of the reasons why:

"Zimbabwe is poised to become Africa’s largest steel producer and one of the biggest steel players in the world. A multi-billion steel plant is being constructed in Manhize, central Zimbabwe, that has the potential to meet all of the country’s requirements plus that of most countries in Africa and beyond.

Dinson Iron and Steel Company, a subsidiary of the Chinese steel producer Tsingshan Holdings is constructing Africa’s largest integrated steel-manufacturing plant In Zimbabwe with the potential to produce 1.2 million tons of iron and steel per annum when at full throttle.

The plant is estimated to cost US$1,5 billion upon completion of the first phase.

We are ahead by two months. Great progress towards our target of production by Aug 2023. More exciting news coming…
?? by @NewsDayZimbabwe@Tanaka_Shumba84 @mrbai1987 @ChineseZimbabwe @NewsDayZimbabwehttps://t.co/SnSW1P5YNd

— Dinson Iron & Steel Company Zimbabwe (Disco) (@Disco_Zimbabwe) September 21, 2022

The demand for iron and steel is growing rapidly across the African continent. In 2021 African countries imported US$18 billion worth of iron and steel, up from US$15 billion in 2017.

Zimbabwe now wants to reclaim its lost share of this huge market by constructing a new plant that is expected to produce 600 000 tons of carbon steel per annum after the first phase by October next year.

“Our target is commissioning the first phase in October 2023. We could produce 600 thousand tons of carbon steel per annum creating more than 500 direct jobs and bringing the opportunities downstream and upstream. Transforming Zimbabwe from a steel importer to an exporter, making forex and contributing to the 12 billion dollar mining industry by 2030,” says Chen Shang Song.

Dinson Group has other investments in the country which include coal-to-coke processing in the Hwange, which will feed into the steel project and limestone mining operations in Masvingo.

“In Zimbabwe, we are building the mining value addition park. Since 2012 we have successfully built the ferrochrome smelting plant in mash west, the coke plant in Matabeleland north, and build the park in the Midlands. So far, we have invested 500 million US dollars, and our total investment is expected to exceed 3 billion US dollars,” says Chen Shang Song."

With the government's emphasis on "in house" the tungsten mine could have a very lucrative future.

CEO has always been keen on returning to RHA, I think he is right to do so--read the forecasts for tungsten prices.

Acker

Lithium took another hit today however the price of spodumene 6% did not move.

Acker

Thank you--sold.

Acker

Good to see George publishing further results, which bodes well for Zulu.
It must be remembered that Prem is not a one-trick pony, should the CEO be able to commercialize other assets then the company should enjoy a very healthy revenue stream, and the possibility of available cash should aid this objective.
For me,and others,the prize is within the EPO area.
Here is a gentle reminder extracted from an earlier RNS:

"Zulu EPO Work Programme:

Work on the EPO to date has included collation of historic data, initial surface mapping, and inspection, and is progressing with ground-based geophysical data gathering and compilation of a detailed remote sensing study, including hyperspectral imaging to identify possible spectral features of pegmatite intrusions and to discriminate the Li-bearing pegmatites from the host rocks. This approach has the potential to generate additional exploration targets over the almost 200 square kilometer EPO. An overview of the EPO can be viewed on the Premier webpage below:

http://www.rns-pdf.londonstockexchange.com/rns/4529K_1-2021-9-1.pdf

Let's hope for a good solid performance this week, not expecting the assay results to light up the skies.

Acker

Hoping that last week's issues of conflicting messages from Prem Africa can be put to bed and real progress is reported.
An RNS update this week may help return confidence and credibility.
At this juncture, newsflow to shareholders is a must.

Acker

I concur with the sentiment; however, I would add that there are/have been war zones worldwide that we have somewhat confidently overlooked.

Acker

Slowly but surely the re-rate continues.

Acker