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El-G,

Why? By that I mean what is your reasoning to post such garbage? Back any of those points up with concrete facts and I’m sure you’ll get a better reception here, otherwise the only hole being dug is by yourself. Dear oh dear.

Aim,

He said if they reported every result there would be 100’s of RNS’s. Reporting +1% is sensible. More than 2000 samples outstanding. We would be reading RNS’s all day long and wasting money filing them. Better to spend that drilling no?

I think George likes to talk about RHA, almost trying to redeem himself by making it work and get out money back at least. Maybe he can. But glad focus is still Zulu.

Points mentioned

Ignore any spelling!

15 feb hot production date
Focus on spodumene
Stockpile others for sale later

Keen to find camera person to capture the process
Earth works / dam underway
Campsites under construction
Several 100 people onsite atm

6 weeks after production for first shipment to port
No red flags as yet
Professional team running things
George isn’t clerk of work

Additional revenue streams from stockpiling
Petalite
Tantalum
Other minerals to stockpile
Further low cost processing later
3 stage sorting

To date 25k meter’s drilled
Over 2k essay pending results
+780 further at another lab
+180 cores being prepared
Only samples of +1%
Not publishing results of anything under 1%
Publishing more results pretty soon

RUS - will publish
Had to appoint another lab to verify previous results
Very detailed mapping

No overrun on costs for mine

RUS - focus on this was taken away. But resources working on that atm. No date for this other than it’s a work in progress

Drilling EPO merging
South and south west area strike

Ability to add to plant is there, wait and see

Guidance on revenue, can’t publish guidance as yet. Reluctant to put a timeline on this

Government is happy and supportive. EPO area will likely secure mining lease

SP
Other projects taking a back seat and focus is on Zulu, but good things happening in the background on others

Relationship with Chinese very good, very comfortable. They are exceeding expectations

No closer to appointing a new chairmen. Focus is Zulu and not enough attention being given to that

Now said Well over 100 people on site working ? People everywhere..

AGM date - no date as yet

No update on Circum, not that can discuss. No advancement that can mention

Rha - alternative potential, offtake and funders to bring back into production ongoing

No negotiations other than sale at price agreed with Chinese despite price increases in li

Chinese want as much li as they can possibly get, pushing for production increase

Not chasing any offers for Zulu

Dazed,

There isn’t a JV for Zulu is there? There’s an offtake for 50% but they do have to pay for it (once the loan is repaid) therefore how do you think we don’t still own 100% of Zulu / mine output?

https://www.bloomberg.com/opinion/articles/2022-08-21/saudi-arabia-s-ev-battery-bets-are-a-warning-to-those-going-slow-on-clean-energy?utm_medium=social&cmpid%3D=socialflow-twitter-view&utm_source=twitter&utm_campaign=socialflow-organic&utm_content=view

Some very encouraging number in this article

Global electric car sales for June 2022 - Up 54% YoY reaching 16% share. China sales up 132% YoY to 28% share. Europe sales down 8% YoY to 21% share.

EV market news - US crosses the electric-car tipping point for mass adoption. Reconciliation Bill has $369 billion to fight climate change, includes EV point of sale credits.

EV company news - BYD Seal started sales in China. Tesla aims to produce 40,000 vehicles a week by end 2022, Model Y top seller globally. Hyundai IONIQ 6 debuts.
BMW begins production of fully electric i7. Ford on track to ramp EV production to 600k run rate by ’23 and 2m+ by ’26. Ford expects a CAGR for EVs to top 90% through 2026. GM on course to reach 1 million EV capacity by 2025.

https://seekingalpha.com/article/4528473-ev-company-news-month-july-2022

Stephen,

https://stockboxmedia.com/interviews/registration-form/

Acker,

George said most of the plant was in containers near site, but it wasn’t due to be moved until around November ready for construction.

The implementation schedule in the below tweet says start construction of the plant in November 2022 and complete January 2023

https://twitter.com/premafrimin/status/1555568819803922437?s=21&t=lk7XYsNuA1lOcQCE-ZzyjQ

Daz,

What is Micky mouse about the plant? It is modular, can be adapted and extended. The plant will be a game changer for prem, we currently have no income, with a SP of 0.38. In a few short months the plant will be running and generating the company $20m a month. 3 years of that? Yes please.

Maybe the wait time for a much larger plant was too long, with the current price of Li why wait? The Chinese investors want their Li. It’s full steam ahead. Exciting times don’t you think ?

Snowking,

August 17, 2022

It seems Goldman have had a change of heart.

“Goldman Sachs says battery storage, hydrogen, and other clean energy stocks where investor should be”

https://www.cnbc.com/2022/08/17/goldman-says-battery-storage-hydrogen-and-other-clean-energy-stocks-are-where-investors-should-be.html

Snowking,

As a very LTH, I’m liking the current trend
“2 mnths on from Goldman Sachs debacle, Benchmark lithium prices have been steady to rising.

Volatile? Most certainly. But sky high and volatile is the trend.

If anything competition for future lithium supply has intensified as OEMs step up their strategies…”

https://twitter.com/sdmoores/status/1559849610604052483?s=21&t=GkLGZ-Cg3aCTGOJdsKw0qw

Jenko,

Good post. Agree with all of that except - (Part sale of Zulu inc pilot) My take is George will do a offtake deal for the remaining 50% for another loan for 1 more plant. Likely with our current investor. I don’t think Prem are going to be short of offers for funding EPO drilling and x number of plants

Snowking,

Things are looking very bullish. Prem may have been late to the party but the timing couldn’t be better. The rest of 2022 is going to be very interesting, have to wonder where we will be in 2023!

Snowking - One for you

https://twitter.com/daisy_benchmark/status/1560673442890121216?s=21&t=oJkLyog6NZ_VMmP0bkFtmQ

Snowking,

Do you think the additional mine will be at Zulu or the wider epo area? Assuming they have sufficient drill results from a segment in the epo area by December.

Looks like a buy to me

16-Aug-22 12:01:16 0.3675 25,632,120 Unknown* 94.20k

Hi Snowking,

As said by many, this is the turning point. Best position the company has ever been in.

The plant coming online will be a game changer, it’s modulated and expandable. Some additional results at zulu, and any epo core results at a decent li % will see us fly to new highs.

Doesn’t seem there is much to worry about here now? Just patiently waiting for the steady flow of results, site updates, and further appointments.

Very confident now, and happy to just sit back and watch the progress and rise in share price. See what the stockbox reveals.

By that I mean, why have a chat with Mark on stockbox about early production if it wasn’t on target. My guess is this is still on target to be early. Now that we have the right people running things on the ground and Chinese backer screaming for Li

Fair bit of buying last week, I saw James Goozee was claiming to be adding in one of his tweets. Maybe expect a reported increase on prems website some time in the next few weeks to reflect this, he should have passes 6% by now if indeed he has been buying

We have a deadline to hit for production, a couple of months grace. GR alluded to being in production early. So guessing that is still on target All good.

Imagine this, George after years of missing deadlines actually comes in on time or early? SP should reflect that achievement.

GLA