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Hi Redandy,

Personally I don’t think anything has changed other than world events, and a mini budget that has gone down with the markets like a bucket of sick. It’s a complete mess out there. Worse that it’s self inflicted.

All things considered prem is doing pretty well. All ASX Li miners dropped heavily a few days ago while prem held well.

The market will bounce, it always does. Li prices rising week on week, month on month. Crazy EV sales numbers coming out of china. Where will we be in February / March when we start shipping the end produce? I still believe Li stocks are safe havens. But I would think that as I’m all in prem.

RNS Tomorrow for earnings and perhaps an overall company update.

Prem, can we have some more site media updates please, the improvement in comm’s is great so far, let’s shift it up a gear or two though..

With the rapid development of the global new energy industry, power and energy storage battery shipments will enter the "TWh" era in the coming years, CATL said.

https://cnevpost.com/2022/09/29/catl-to-build-1-9-billion-battery-facility-in-central-chinas-henan/

https://twitter.com/premafrimin/status/1575433965015547910?s=46&t=Np2NtQNxlXSAwr4NoDeGug

Hi Profit,

I guess we don’t know where we are in terms of schedule other than we’re on schedule.. We could be ahead, wouldn’t that be nice. Hopefully some more site updates will filter through.

That should have read

“Implementation schedule”

Profit,

???????????????????????????? ????????????????
• Design, Engineering, Procurement, Fabrication & Supply - Jun 22 - Nov 22
• Logistics - Jul 22 - Dec 22
• Arch Dam Wall Construction - Aug 22 - Feb 23
• Tailings Dam - Aug 22 - Dec 22

buff.ly/3aJwE7x

Perhaps things will improve tomorrow.

https://www.reuters.com/markets/europe/bank-england-buy-long-dated-bonds-suspends-gilt-sales-2022-09-28/

Radika,

A dam is a structure built across a river or stream to hold back water. The processing plant will need huge amounts of water. The locals will also benefit from the water stored for irrigation, I think prem said recently.

https://t.co/LIcYnkqzab

Planned lithium production will fail to meet growth in demand for lithium ion batteries that are needed to meet global climate goals, according to Rio Tinto Plc’s minerals chief.

Lithium consumption needed “to surge way above anything that’s planned to be mined,” Sinead Kaufman told a conference in Perth on Wednesday. The metal is a vital ingredient in the batteries that power zero-carbon electric vehicles.

Cosmonaut,

Indeed, time will tell. I think prem will surprise a few people moving forward. I also think like you said that Suzhou is likely to increase their loan if we need it rather than having us dilute any further. I don’t think there any right or wrong answer here just pure guess work and wishful thinking.

We just have to wait and see how this plays out. We will know more once the evidence of the mine build and site work evidence hits prems twitter account. It can’t be far off. Things are moving and we are as far as I know on target.

Snowking,

It is looking likely at this rate of increase. Fantastic climate for prem to be pulling in some serious money February onwards. We could be looking at $30m a month all being well.

Imagine that, $0, previously to $30m. Quite incredible. How that translates into SP we wait and see how the market chooses to value us.

China NEV insurance registrations in 4th week of Sept:

Tesla 23,109,
NIO 2,844
BYD at 44,960 up about 10,000 units from the previous week.
Li Auto at 2,876
XPeng at 1,975

https://cnevpost.com/2022/09/27/china-nev-sales-4th-week-of-sept-tesla-nio/

Acker,

I agree, George said he wasn’t running the show so to speak at Zulu and it was in the hands of the professionals, contractors and consultants. There are penalties for missing the deadlines so hopefully they will all be hit and hit production will be February 15th as planned. We should get some decent updates soon on the plant progress.

Micheal,

Once Zulu is producing we should be cash rich and not need to go to the market, on the other hand when producing would the Chinese be offering further funds to accelerate EPO drilling? Or would they rather prem dilute their holding? I’d rather have £20m from the Chinese and get as many drills on the EPO than £10 from a fund raise and it take twice the time. Just my view.

Cosmonaut,

I can’t see Prem doing a call for cash, that wouldn’t be smart. They have cash in the bank, enough money coming in from Chinese to fully fund to production. Once in production and pulling in millions per month why go to the shareholders for more? It makes no sense to me. George has said the investors are very happy and the relationship is great and pushing for an increase in production. No need for a cash call in my opinion.

What George needs to do is get to production, on time and on budget. As far as we know this is the case.

Kspine,

Nice idea, however I feel this is why we’re holding up, that we don’t have many. II’s are going to be in trouble if things continue and will be dumping stocks heavily. I’m happy without II’s in the current climate. Later yes, now no thank you.

Regarding this, I contacted Prem, it is an error. Prem have made a request direct to sharecast to have this corrected asap.

Here’s the article

https://cnevpost.com/2022/09/26/nio-takes-stake-in-australian-lithium-firm-greenwing/

Hammered,

This is also true. Very happy with how today went after seeing li miners on other markets get hammered (excuse the pun)

.4 quite incredible considering the markets right now