Member Info for happyhols

Good morning all.
A nice steady day yesterday, the uptrend is well in motion as we move to our target of being a Lithium producer.
Barchart.com giving indicators for the share price of %100 for short, medium and long term, a rarity indeed, certainly for Prem.
New investors coming onboard with delivery and construction of our large pilot mine due end of November to further interest.
There is no doubt that Prem is in a very good place at the right time.
We will soon be producing millions of pounds worth of Lithium, making Prem a very cash rich entity.
A very interesting few weeks lies ahead.
GLA

Acker, sentiment along with volume are certainly on the rise, both of which will have a positive effect on the share price.
Let’s see where we are in a few days time.

Just to add that the the chart looks great, with increasing volume and nearly 800 million traded.
Looking good going forward.
Gla

Good Evening all.
A very good day today and one that was not unexpected by myself. I think we all know that the Prem share price has underperformed compared to its massive potential and expectations. As other people have said this is only the beginning.
The video of the site works was very good today and enhancing Prems image as a up and coming serious player in the Lithium market as we head quickly towards production.
Plant and mining equipment due on site from the end of November, which will only add more to the excitement as the plant construction begins.
I would say the coming weeks will move from being interesting, to intriguing , to fascinating and then ultimately exciting……..!
And if anyone needs any help wether to buy or not before fomo kicks in, check out barchart.com as below.
100% buy for short, medium and long term….not very often all those indicators are shown as 100% buy signals.
GLA
Composite Indicator
TrendSpotter
BUY
Short Term Indicators
20 Day Moving Average
BUY
20 - 50 Day MACD Oscillator
BUY
20 - 100 Day MACD Oscillator
BUY
20 - 200 Day MACD Oscillator
BUY
20 - Day Average Volume: 245,377,047 Average: 100% BUY
Medium Term Indicators
50 Day Moving Average
BUY
50 - 100 Day MACD Oscillator
BUY
50 - 150 Day MACD Oscillator
BUY
50 - 200 Day MACD Oscillator
BUY
50 - Day Average Volume: 190,000,203 Average: 100% BUY
Long Term Indicators
100 Day Moving Average
BUY
150 Day Moving Average
BUY
200 Day Moving Average
BUY
100 - 200 Day MACD Oscillator
BUY
100 - Day Average Volume: 156,103,406 Average: 100% BUY

Alert, yes some clarification on the location of the rigs would be nice to know.
I think we may be right as concentrating on the Zulu area seems to be the sensible way to go at the present time.
It should have a positive effect on the Rus.
gla

Acker, the situation regarding the remaining rigs location is something I have been musing over as well.
It will be interesting to see if they are indeed still drilling Zulu or have moved on to the Epo area.
it would be very expensive to retain all of the rigs and the associated man power to drill the epo area, so I suspect they are still drilling Zulu for the completion of the RUS and DFS.
Concentrate on Zulu is my preference at the moment.
Once production is proved and the project resource. output and grade is confirmed, I believe Zulu will indeed be sold. That will leave Prem with a large cash pile to further explore the huge epo area and other projects and minerals we have and possibly a special dividend for Prem holders.
My only concern is that the whole of Prem will be taken out too cheaply, although that will still be multiples of the current share price.
I have now emailed Prem and asked about the location of the 2 rigs still drilling currently and also if we have returned the other rigs.
I will let you know of any reply I get.
Hopefully I will not get accused of releasing market sensitive information by our resident deramper lol
Good luck all

Lithium market update: What’s ahead for prices and key catalysts to watch

As the fourth quarter of the year continues to unfold, there are a few factors that could impact the lithium space.

One catalyst for the market to keep an eye on is how quickly spodumene producers, which are targeting a capacity ramp up by the end of the year, are able to achieve their ambitions, Jennings-Gray said.

“The lithium market facing further supply delays could drive upward pricing sentiment," she noted.

EV sales in China will also be a key factor in the last quarter of the year, as record-breaking figures so far in Q3 look to point towards a very strong Q4, which is typically the quarter with the best production and sales figures.

“Developments in South America in regards to nationalism of resources will also be key, with the region playing such a vital role in the lithium market. And of course, any clarifications or developments in the Inflation Reduction Act legislation in the US could further boost investment into projects in North America or Free Trade Agreement countries,” Jennings-Gray said.

In terms of how prices could perform going forward, Benchmark Mineral Intelligence expects little downside to pricing in Q4 2022 as demand is set to ramp up; without any extra supply coming to market, availability of material will be even tighter.

In China, it seems that hydroxide is already closing the gap that carbonate pricing has developed, Jennings-Gray said, as automakers of EVs with high-nickel batteries ramp up production and therefore drive up hydroxide demand.

“Additionally, with spodumene prices continuing to rise, this limits any hydroxide downside, and thus it seems the two chemicals are likely to perform near to parity in Q4 within the domestic market,” she added.

Outside of China, the extremely tight supply of hydroxide combined with its production cost from carbonate means it is very likely to stay at a premium above carbonate.

“Particularly in Japan and Korea, where demand from cathode manufacturers has remained stable but high through most of the year,” Jennings-Gray added.

hat’s good news for lithium, which has seen demand remain strong as a result. In the third quarter, within China, carbonate demand remained robust due to strong demand for lithium-iron-phosphate battery chemistry.

“However towards the end of Q3, hydroxide pricing began to also gain some momentum as automakers looked to increase production rates to improve sales figures ahead of the China EV subsidies being removed on January 1, 2023, even for high-nickel chemistries, which have generally seen less market share so far in 2022,” Jennings-Gray said.

Internationally, hydroxide remains at a premium to carbonate under tight supply, as per Benchmark Mineral Intelligence data.

The last quarter of the year is typically the strongest period for EV sales in China, and with the subsidies set to end on January 1, 2023, automakers are already picking up production rates to improve sales figures beforehand. “As such, demand from the battery manufacturers and cathode producers is expected to pick up significantly,” Jennings-Gray said. “On the flip side, it does seem traditional industries are shrinking slightly, but given how tight supply is, it’s looking like any additional relief this could provide on the demand side will have minimal impact, with any extra material snapped up by the battery sector.”

Looking over to supply, production from the brine projects in China's Qinghai province will begin to wane entering the winter months, as temperatures cool and evaporation rates slow down.

“At the same time, there is limited additional supply expected to come online or ramp up during the quarter, and with demand expected to continue to grow, it looks as if supply is set to tighten even further,” Jennings-Gray said.

Lithium Market Update: Q3 2022 in ReviewPriscila BarreraOct. 19, 2022 01:55PM PSTLITHIUM INVESTINGelectric vehicle chargingWhat happened to lithium in Q3 2022? Our lithium market update outlines key developments and explores what could happen moving forward.Click here to read the previous lithium market update.Following a 2021 that saw lithium rally to all-time highs, prices began to stabilize in the first half of 2022.Demand for the battery metal is expected to soar in the coming decades, with questions about supply increasing every day.How did lithium perform in the third quarter of 2022, and what’s ahead for the metal in the near term? Read on for an overview of the main news that impacted the lithium market in Q3, plus a look at what investors should watch out for the rest of the year.Lithium market update: Price performanceLithium kicked off the year on a positive note, with prices trading at all-time highs on the back of increased demand from the electric vehicle (EV) sector. Throughout the first half of the year, prices stabilized at historical highs and remained higher than expected due to renewed demand from China post-lockdowns.So far in 2022, prices have increased more than 123 percent, according to Benchmark Mineral Intelligence data.In Q3, lithium prices in the Chinese domestic market saw strong upward momentum, Daisy Jennings-Gray of Benchmark Mineral Intelligence told the Investing News Network.“(This was) signaled towards the end of Q2, when COVID-19 restrictions were lifted in Shanghai at the start of June,” she said. “With demand picking up towards the end of the quarter, and ahead of Golden Week holiday, domestic prices sustained upward momentum throughout the quarter, hitting fresh highs in September.”Despite the macroeconomic headwinds, the Chinese domestic market appears so far to have been unaffected by the economic downturn, with the EV industry performing very well even though other sectors have experienced weakness.“Outside of China, there have been murmurs of weakening demand from traditional sectors, particularly in Europe and North America, although this had little downward bearing on pricing as supply remained very tight,” Jennings-Gray said.Lithium market update: Supply and demandThe EV industry is the main lithium demand driver, and the sector has been experiencing growth year after year. According to the International Energy Agency (IEA), EV sales hit a record high in 2021, despite supply chain bottlenecks and the COVID-19 pandemic.Compared with 2020, sales nearly doubled to 6.6 million in 2021. In the first quarter of 2022, EV sales came to 2 million, a 75 percent increase compared to the first three months of 2021.Sales increased further in H1 2022, and the IEA estimates that EVs will account for around a 13 percent s

Snowking, agree the ever rising price of Spodumene has come at a fantastic time for Prem. It is all coming together at the right time.As you say, we will be making millions per year from our large pilot mine.The market and the share price will soon catch up once the potential here is realised.The potential for the Epo area and other minerals are also fantastic potential opportunities for Prem to exploit.All looking good.Gla

Snowking, wow seems Spodumene is in an ever increasing rising channel.
Great news for Prem with our near term production plant about to start up in February.
Gla

Dickie3times, unfortunately you will always get trolls like deramper daz on shares that are doing well and have immense potential like Prem.
What kind of vile person hopes a company does not succeed and wishes investors to lose money?
They spend all day every day of their sad lives posting anything negative they can think of and make up to try and discredit the company and its investors.
Anyone with an investment in Prem will do very very well over the next few weeks and months.
The people who choose not to invest will be the ones who will regret it.
That daz person will be even more bitter than now, when Prem confirms its successful production of Lithium in only a few short weeks.
Good luck to all genuine Prem investors.

I spoke to Prem yesterday and they confirmed everything is on track at the site with all plant items on order, so all being well we should see production starting Feb.Bring it on.GLA

A very good week of consolidation for the share price, with a good platform to build on.
It looks like the .4 will now be the strong support instead of resistance we have encountered for a while.
Plenty going on at the site with plant due to start arriving end November and RUS due anytime soon.
There are plenty of new investors coming on board and the interest will increase massively as we go forward with the construction of the large pilot plant.
As Acker has rightly said the real value will be in the Epo area.
Once proven and we are producing, will Zulu be sold for a few hundred million to finance the Development of the Epo area and other projects plus a special dividend to shareholders ?
We also have other minerals of very good value to add later.
Who knows what will happen once we are producing, the one thing is for certain
Is we will be in a fantastic position with a far higher share price.
Certainly multiples of where we are now.
Prem are in a great position with everything coming together at just the right time.
A very interesting and ultimately exciting next few weeks for Prem and it’s holders, and also a very good time to be the first Lithium producer on aim to take advantage of the huge increases in demand and price for spodumene.
GLA

Good evening guys,
Looking forward to next week, we have increased volume over the last couple of sessions and charts looking good to break out from .4 very soon.
I see our residents deramper daz has spent another weekend of his life trashing a share the is not even invested in, what a very sad person indeed.
Things are warming up on the Prem front with more and more interest gathering at pace.
A very very interesting few weeks ahead.
GLA

Alert, yes a very good week for Prem shareholders.
The project becomes less derisked by the day, especially with the news that the main core is predominantly Spodumene.
Plenty more to come with a rising and stable share price.
With professional project and engineering managers and consultants on site to oversee development of the Zulu pilot plant, we will be in a very good position over the next few weeks.
Prem is now a totally changed entity.
GLA

Profitbags, the less said about RHA the better.
I have been in Prem for years and have bought previously at over 2p. I have successfully averaged down and I am now well in profit with a very nice large holding.
I think over 2p again will be well within our grasp once we have a large pilot plant producing plenty of Lithium at the continued high prices of present.
We have indeed come a long way since then, really relaxed about Prem now and looking forward to the next few weeks.
Market also beginning to take notice. Nice slow rise again today.
GLA

Plenty going on at the site, it will be amazing to see the construction of the large pilot plant as it is being built and commissioned.
The beginning of a multimillion pound producing Lithium company….
A great few weeks in front of us.
GLA

Yes A very good interview yesterday, I think it will give lots of new investors even more confidence in Prem. More investors are getting into Prem as a result.
Things are certainly warming up at the site with plenty going on in the background also
Plant and mining equipment to start arriving end of next month and plenty of news to come between now and and targeted production start date of Feb 15th.
We will certainly start to see increased increased volume and a steady rise in the share price to hopfully keep the traders at bay. Enough of large swings thank you lol.
But seriously, very relaxed about Prem now.
A good few weeks in front of us.
GLA

A good positive start to the day.