Member Info for Bickmaster84

All bubbling away nicely here. Haven't posted much recently as very busy with work and other duties.

Great to see all the work being done at site. Important few months ahead.

Bickmaster

I'd be more than happy with 50p per share for a buyout if it was done in the next 3 months, never mind the £1 or £2 people are mentioning.

Bickmaster

Seasider

I’d be delighted to see 60p in the next 6 months.

Bickmaster

Cosmonaut,

Very good post earlier. This is the reason I believe PREM need to get the DFS completed, so if they have issues with production (more likely than unlikely as you say) they can sell off the asset rather than risk being Suzhou taking the asset for a song. The DFS is the insurance policy for everyone involved.

Bickmaster

Cheers Plasmerman,

I was invested in UKOG for a very profitable hour and 10 minutes back in May 2015. Cant even remember the event but I bagged on a small trade and was out the door as soon as I was in. You couldn't even call it a one night stand.

PREM has been a more painful affair. I imagine it is like being married to an annoying woman with rich parents in their 90s. You know the day will come but the wait is no fun.

Bickmaster

Tilburn,

Thanks for your posts here. You make my life much easier. (Edgein also).

Bickmaster

https://www.energy-storage.news/catl-supplying-1-4gwh-of-batteries-for-primergys-gemini-us-solar-plus-storage-project/

Worth a read. The battery storage market is red hot at the moment and will ramp up considerable over the next decade.

Its a sector I am very familiar with myself.

Bickmaster

Plasmerman

Good job. I still hold PREM but reduced my money and moved a chunk into COPL because I saw a better opportunity in the short term as it is more undervalued than PREM is. I see PREM staying in the 0.35 - 0.40p range for the next 2-3 months. COPL, hard to know. Depends on the RBL and the possible JV. As long as we make a few quid then happy days.

Bickmaster

In my view it is healthy to have posters like Daz on the forum to balance the rose tinted brigade. I was the black sheep on here for long enough!!

Still a lot of risk here as the proof of the pudding is in the next 6 months. High Lithium prices are one thing. Being able to get it out of the ground is another, especially using a new approach.

Bickmaster

Wolf,

That would depend on how much material is required for the cut and fill. It looks like they can manage with what they have available already. A slightly sloping site with a number of different platforms at different levels can be advantageous for different types of mining set ups as it can reduce wear and tear on machinery as well as fuel/energy costs. It would be useful to have a wider view video as I can imagine there will be a nice slope not too far away which can be used for tailings.

It also means they wont have to start work on the open pit earlier than they need to as this will require more large plant and more than likely the use of explosives depending on the geology. So making do with what they have available avoids the need to spend $ earlier than they need to. That's my view anyway.

Bickmaster

PB,

I imagine you are pretty much on the ball.

Bickmaster

Colonel_Dijon,

I believe your post below contains the debut entry for the word 'ablutions' on this bb!! Congrats!!

Bickmaster

Alert,

My expectation is the slab will have a building on it and will be used to store the product prior to being shipped from site. It would be very easy for PREM to say what it is in a tweet and avoid the need for guessing games though!!

Bickmaster

Snowking,

With regards to your reference to me 'complaining the assays lithium is too deep', I was simply pointing out that based on the assays published to date the best grades of lithium are relatively deep. I don't think this is in any way controversial and is backed up by the date released thus far. It may mean than more material needs to be run to get a given output in the earlier years of operation, though the proof will be in PREMs production numbers.

I was good to see the large concrete slab built in the video released on Friday. Much more positive than the accommodation buildings in my view. Hopefully it wont be too long before we see some plant on there.

Bickmaster

Its great to see the progress being made on the accommodation buildings. The issue for us is that the Lithium wont be refined in the kitchen. Looking forward to seeing more updates on where PREM are with plant procurement, deliveries, installation, commissioning etc.

We should have a steady stream of news on this over the next 3-4 months.

Bickmaster

I would be more than happy with £1 tomorrow. If the SP won't react on yesterday's news it will be one hell of a tough slog to get it anywhere near £1, even with the JV rumours in the background.

I know some have much higher targets but each to their own.

Bickmaster

Art said that at current prices the value of the gas injected into the field would be $78m.

18p tomorrow hopefully.

Bickmaster

PB

Everything is available for a price!!

Bickmaster

Intothedeep,

Thanks for your input. It confirms what I was thinking myself but always useful to double check!!

Bickmaster

Yesterday Postie posted:

"From RNS August 8th :
The Company has also granted broker warrants exercisable over 5,895,000 common shares at an exercise price of 16.75 pence per share and expiring 90 days from 26 July 2022 is this what we are seeing now going threw"

Is it possible the warrants are being issued below the exercise price of 16.75p given the expiry date 90 days from 26 July 2022 (i.e. 24 October 2022, so approx 2 weeks left)? This would explain why the SP is struggling to get past the 16.5p resistance?

I'd welcome the views of anyone knowledgeable in this area.

Bickmaster