focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
“The Group does not comment on the identity of customers,” stated Sondrel. That said, Sondrel does have an “automotive Tier 1 supplier” in its books.
Tesla? Elon Musk? Neuralink? Microchip? It’s market speculation bingo. No wonder Sondrel shares flew 160% higher this week.
Late last week, a Daily Mail feature quoting “a source with knowledge of the matter” revealed that Sondrel played a key part in developing Tesla boss Elon Musk’s brain–computer interface Neuralink.
According to sources, Musk called on Sondrel to lend its highly specialised knowledge of bespoke microchip designs to Neuralink, which was successfully implanted into a patient's brain for the first time last Sunday.
Though not confirmed by Sondrel, market sentiment went into overdrive, pushing shares over 160% higher last Thursday.
Evidently, there’s more gas left in the tank, with shares adding another 30% this Monday morning, bringing spot prices to 12.96p as of midday.
With a turn over of £9.3 million for last year and a share price of only £8.4 it would seem a treating is long overdue. Couple that with a tie up with Elon Musk and this has real potential here to double treble quadruple and. Quickly.
Anything with Musk at the end of the sentence is a sure fire rocket on a share price. With the co pants fantastic technology and now with a US presence this is only going to go higher as more people realise the potential .
Exciting times for #Africa's lithium sector as Premier African Minerals (#PREM) is having a great week. #Investors are buzzing with anticipation as reports indicate the mining company at #Zulu is set to kick off operations soon, thanks to the installation of a new Ball Mill & other key components. #LithiumMining #RenewableEnergy #sustainablemining #MiningIndaba2024 #Lithium #BatteryMetals
The shirts will be closing hence the retrace. It will move back up. I’m waiting for some funds to clear and then I will buy more at this level.
With production just around the corner, any retrace is welcome as long as you’ve held if you paid higher.
The probable reason for the decrease in parts per ton would be the following.:-
The original drill were in a higher concentrated area at that time. You will get areas with higher and lower concentrates. .
The current parts per ton were from samples taken over a much greater area and hence give a much more accurate forecast .
The parts per ton are still incredible and the company will make an huge amount of money and be a cash cow for shareholders for years to come.
For me the company is worth at least 4-5 times the current share price now. It will be a steady rise over the coming weeks until production takes off and the money rolls in.
Https://x.com/lithiumsummit/status/1755352683068748037?s=46&t=HgM4zbU7U9hvrXg5g7uc4Q
Https://x.com/lorrainesiban11/status/1623275306768269312?s=46&t=HgM4zbU7U9hvrXg5g7uc4Q
The re tweet on X did the trick.
I hope the buyers don’t get caught out.
Its welcome ? Does someone know something we don’t
Just a week or so from the RNS to say production has started and the £££££££££ are rolling in. Well done to all involved. This is going to multibag within a few weeks.
Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) told investors it remains on track to see the Zulu lithium and tantalum project in Zimbabwe into production in late February.
The company today gave a broad update on its operations at Zulu including upgrades to plant equipment – including the installation of color-based detection for UV sorters, along with a new thickener.
Such improvements are expected to enhance the removal of waste material and improve the efficiency of the floatation process.
Next, a custom-built ball mill is set to arrive from South Africa by the end of January 2024.
“The entire focus of our company is on our Zulu project and unless there are unforeseen circumstances that I have overlooked, and provided our plant suppliers deliver as expected, we remain on target to produce late in February 2024,” chief executive George Roach said in a statement.
At the same time, the company noted that it is anticipating a new resources statement during the current quarter, to feature tonnage of lithium-bearing spodumene.
It also discussed the company’s internal budgeting for the project, though they have not been independently verified, pointing to a predicted average production cost on a mine gate basis of $800 per ton of SC6 (spodumene).
The company said that after allowing for freight charges, estimated at $152 per ton, it expects the standard product to be marginally profitable – albeit the company also anticipates it will produce a higher grade spodumene product with lower levels of iron, and such a concentrate product “currently attracts a substantial price premium” which is said can buffer presently low SC6 pricing.
The company, meanwhile, added: “It is likely that additional funding will be needed in the near term. Premier's contractors and suppliers are assisting and alternatives to equity-based funding are under investigation.
“With a project as well advanced as Zulu with a fully developed mine, and market in place, this remains the only significant obstacle.”