Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
El-Gelboy
Well spotted and yes I did,hands up.
It's a cheap trick that is often used against me,my past predictions.
Just remind me ,what was the spod price two years ago ?
Circumstances change and how I view Prem's progress also changes.
What maybe good one week can change very quicky,surprised you have ignored this.
Never mind,a good cheap shot across the bows,others will follow.
Acker
Profit Bags
I am expecting the CEO to get a favorable AGM result, this will go a long way to filling the finance pothole.
Same timeline as you, work on the plant in April/May with the plant getting the green light near the end of May.
Continuous running of Zulu mine with the view to commercial nameplate production to start in early June and the first shipment in that month.
First revenue, end of June or early July depending if Canmax agrees to new payment terms.
Sale of product, SC6.
Tantalum should excite the market and confirmation of JV.
As I say, the mist is rising.
Acker
The Zulu plant will ,for the first time,achieve nameplate plus production of SC6.
I have earmarked June for this event.
April and May,work to continue on Zulu plant.
Despite the content in the interview I am prepared for some major alterations at the plant.
Finances sorted for Zulu, debts held by major creditors cleared,contractors paid.
After a rocky start the SP will reflect growing confidence,expecting a rise to 0.60 by the end of Q2
The plant "MOT" should be finalised Q2[2] and shareholders will be informed.
The JV on Prems other assest should be finalized.
At the end of Q2 suggesting "Red/Amber" be moved to "Amber"
Acker
Clueless-1
How I see it;
Zulu only
Q2 a period of consolidation, production runs, and financial commitments Base- working off 0.60
Q3 first indications of production stability, good grades achieved, further moves to increase output Base--working off 0.85
Q4 Higher lithium prices increase rewards on Canmax contract, tantalum excites the market, tonnage of SC hits record high. Market prices for technical grade allow a very good reduction in prepayment liability. Drilling at Zulu continues to get promising results EOY 1.35/1.50 {see additional factors not in this price]
Acker
Some clarification please:
To approve for the period commencing twenty four (24) months following the date of this AGM (Period), the disapplication of the pre-emption provisions set out in Regulation 1.5
of the Company’s articles of association in relation to the issue of, or the grant of any right to subscribe for or convert any security into, up to a further four and half billion
(4,500,000,000) ordinary shares, and to authorise the Directors of the Company to issue, or grant any right to subscribe for or convert any security into, shares in accordance
with the provisions of this resolution, but so that the Company may make offers and enter into, agreements during the Period which would, or might, require shares to be allotted
or rights to subscribe for, or convert other securities into shares to be granted after the Period ends
Money is raised for "offers and agreements" not general working capital.
Views welcome, a lot of red wine last night.
Acker