Member Info for ACKER

x--I doubt if the assay RNS would be effective, or any news.
This just has to run its course

Acker

The drop is pure as a consequence of the instability of the lithium price.
Sentiment has waivered a little, the bull has lowered his horns.
Global confidence will return and all will be well, just don't panic.

Acker

Dazed & Confused

Friday is a good day for Prem

Acker

Robrob999--exactly.

Acker

Sellers--probably the new batch of long-term holders.

Acker

Just a note to confirm earlier statement:

ttps://themarketherald.com.au/asx-update-lithium-pummelled-as-stocks-fall-for-2nd-day-2022-11-15/

Acker

A couple of good auction results at Pilbara and all this will be forgotten.
Anyway, the SP is ONLY important in two events

A] When you want to sell
B} When you want to buy.

A lot of posters appear in panic mode today--take a tip--never play poker.

Acker

Th

e downturn of Prem SP has very little to do with Prem management, Prem resources, or the company in general.
It is a run on lithium sentiment, nothing more, nothing less.
Attributable factors
Results from the battery material exchange
The influence of the Golman report
A reduction in lithium prices.
And higher than expected US Fed Res interest rate.

The unreasonable drop is a response to outside global factors, certainly not the Q & A.

Acker

Snowking--reading the same book on this topic.

Acker

preflp007-I agree, Prem has always been traded, did it for a few years.
Don't agree that the drop will continue past Xmas, the price is now within the bargain range, and IMO will be exploited by savvy investors.
There is news on the way, expected during December--good news.
You have a valid point about speculation, speculation is the benchmark for AIMS.

Acker

Acker

SP--looks like Xmas has come early, exploit the unreasonable drop it won't last long.

Acker

Laverda--as a person who has no interest in Prem I do find it odd that you have spent most of the day concerned about the risks attributable to the commercialization of Zulu.
There is nothing to be concerned about, all will be well.

Acker

What a strange day.

Acker

Acker

Dazed & Confused---6 months ago yes I would have been worried however IMO Mr. Roach has given me a perfectly adequate reason behind the late declarations, one I am pleased to accept.
Yes, I did put forward a figure for SP in Jan 2022 and at the time it did not appear excessive, my earlier posts explain the reason for my prediction.

Acker

Cosmonaut- to evaluate the complete risk package I would require access to company records, reports, etc.
Neither of us can truly evaluate the risk without having sufficient information to judge the risk.
Your assessment is no different from mine, you are basing your ideas on probabilities, estimations, and nonfactual information.
I take the view that a company such as Prem will pay people to undertake rigorous risk assessments covering all economic activity at Zulu and take remedial action to eliminate "RISK".
I do not see much worth in spending time debating what can only be described as superficial and unquantified risks.
Of course, I am not so nieve as to brush off risk, it is an element in everyday life and is such at any mining enterprise
I am very bullish for Prem and accept that this can be deemed rather optimistic by a set of investors however I strongly recommend that rather than devoting time to hypothetical risk investors should open their eyes to geopolitics, the catchup required by EU and USA supply /demand issues the anticipated surge in M&A during 2023 and beyond.
Look further into lithium usage, and go beyond EVs.
Yes, I take an optimistic one, one I am quite prepared to defend.

Acker

Cosmonaut---be a gentleman, no need to drop standards with schoolboy insults.
Everyone is well aware of your investment in Prem, you take the opportunity to remind us all in nearly every post.
As do you keep reminding everyone that you are an expert in the workings of junior mines.
Standards dear boy,maintain standards.

Thank you

Acker

Cosmonaut- I think one could describe your relationship with Daz as "best friends"
You have been ultra-critical of the current management team putting management competence as a barrier to further investment and a brick wall for institutional investors.
You and Daz read from the same book.

Acker

pbh1001

Another comprehensive article covering all aspects---well worth reading.

Acker

Laverda--we are all well aware of the content of the Q & A.
I don't understand why you have come to the Prem BB.
Yes, Mr Roach discussed the RUs and DFS and gave a good account of the circumstances.
I'm not in any hurry for the DFS and there is no definition of FULL production as the resource keeps growing.
All is good, well chilled, and looking forward to the enormous upturn during 2023.

Acker

pbh1001--an excellent article.

Thank you

Acker