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Range_Rover1990, I totally agree, the current valuation of circa £150million is way too low for a producing Lithium miner.
Hence the move from a explorer to a producer of Spodumene will have a huge impact on the current market cap which will definitely rerate the share price.
We are very close to that moment, I too am expecting a market cap of at least £500 million this year.
To put it bluntly, it will be the most exciting time in Prems history.
GLA
Nice consolidation again today, all ready to break higher.
Hopefully all will go well with the start up and commissioning of the plant.
I am sure Stark will want there state of the art equipment to run and process the ore as smoothly as possible, just in case of future orders from somewhere lol
gla
Other lithium reserves by country
While Chile, Australia, Argentina and China are home to the world’s highest lithium reserves, other countries also hold significant amounts of the metal. Here’s a quick look at these other nations:
United States — 1,000,000 MT
Canada — 930,000 MT
Zimbabwe — 310,000 MT
Brazil — 250,000 MT
Portugal — 60,000 MT
Total worldwide lithium reserves stand at 26,000,000 MT. If the lithium industry continues to grow, production will need to follow, and some of these countries with high reserves may become more significant players.
https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-reserves-country/
Very nice consolidation today. Investors will be looking forward to commissioning rns, followed by first production and then first delivery to china.
It would be nice to get closer to 1p over the next couple of weeks.
Nice and steady does it for me.
gla
Snowking, we all know the trolls make up as much negativity as possible, to suit there own agenda. Please ignore the rubbish they post.
Prem are close to production with the large pilot plant which will produce millions in revenue.
We will have a RUS and DFS later this year with the potential to add to our plant or quickly build a second with the 2 rigs still drilling the Epo area.
Kod may be in a good position in maybe 2 years but Gr has made a good decision to get into production while prices are high.
We will be a cash rich producer within weeks and our share price will certainly reflect that.
We also may have good news concerning our other projects as we up our production.
Looking very good, with increasing interest and plenty of buying to come.
A very exciting period in Prems history.
Not long to go now.
Gla
Well, the share price was just short of the .7 Which I would have liked today, but still a very good day for Prem shareholders.
This despite all the pathetic deramping attempts from our jealous friends from the Kod board with there sad agenda.
Perhaps the jealousy stems from the fact that we are about to go into production and own 100% of the Zulu and it’s huge Epo area, while they are at least 2 years away and have also given away half of there resource!
Our journey has only just begun, we all know that any mining companies share price has its biggest rise once the transition from explorer to producer is complete and confirmed and we are close.
Prem will start the commissioning of the plant this week with the first production shipment of Spodumene due next month from our large pilot mine.
Over 1.15 billion shares traded today, a huge volume which bodes very well for the rest of the week as we continue our rise towards .8 p
Lots of interest from new and old investors, institutional investors coming onboard and Kod investors buying in.
Prem have confirmed that the start of commissioning will be Rns Ed, which will give the share price another leg up.
The share price is only at where we should have been weeks ago, but it is nice to get a higher platform when the transformational RNS arrives of first delivery of high quality Spodumene to china.
We have plenty of money in the bank and will soon be cash generative and cash rich. The Chinese loan will be paid off in Prems own time with no more requirements from Prem investors.
I for one am very happy with Prems rapid transition to a Lithium producer while Lithium prices are mega high. We will soon be producing thousands of tons of the new gold.
I think our billionaire Chinese investor will be extremely happy with Prems progress over the last 6 months. His visit a couple of weeks ago must have raised a few eyebrows, I wonder how much they would pay for Zulu/Prem or for that matter how much would the many other companies pay who will have eyes on our resource. A multiple of the current low share price is a certainty of course….
Another good day tomorrow should be on the cards, with any drop in the share price being heavily bought into, a nice steady rise till we hit production, then we can look forward to the bigger rises.
Good luck all
Acker, I believe first production figures were based on 22 working days per month.
As we move forward with the commissioning and production, working days can also be increased to add to the production figures.
I am also not expecting much in the first weeks, till the commissioning is complete. We should still deliver first Spodumene by end of next month.
I am really looking forward to the start of our journey as Spodumene producer.
We have professional engineering companies and the Chinese on our side.
We are entering a fantastic journey.
Great volume today and a steady rise is all we want.
GLA
A very nice steady rise this morning, just the start we wanted for a good week of continuing rises into first production of our large mining plant.
Once commissioning is completed we should be able to ramp up production with millions coming in each month.
News of a second plant and bolt ons to our existing plant will soon follow. Hopefully we will not be bought out too soon before true value is realised.
This is the beginning
Good luck all
Chipleader, sad daz423 is the main instigator who started all this.
He lost money on Prem in the earlier years and now has a serious agenda to disrupt the board, not only against Prem but against all current shareholders who are making lots of money with Prems fantastic resurgence.
He is a very spiteful and jealous individual who has been banned before.
I do believe that if Prem failed totally he would come on here laughing at is all,
Where as many of us are now hundreds of thousands of pounds in profit with much more to come.
Laverda is now joining in with his own agenda, even though he is not invested here.
It’s ridiculous that other investors join in from both Kod and Prem will post on both boards.
I for one will not lower myself to such depths, others will, and all started by Deramper daz.
Ignore all and enjoy our rise to Prems first producer of Lithium on aim.
GLA
Thank you Acker,
Ignore the noise from jealous investors, Prem will be huge. We have much to look forward to in the coming months, perhaps with one or two surprises and catalysts thrown in with our other projects.
Good luck all
Good morning guys. Looking forward to another good week in Prems transition from an explorer to a producer with its large pilot mine due to start commissioning in just a few days time.
Delivery of first high grade Spodumene in March will be a huge milestone in Prems journey.
We will have many other companies eyeing our high grade Spodumene resource at Zulu and not forgetting our huge Epo area.
We have the full backing of our Chinese investors who are fully on board, while we continue to own 100% of the resource.
Any doubts investors had over Gr will have rescinded once we reach production and become the first Lithium producer on aim, years ahead of any other.
A very good achievement and one which we can take advantage of while lithium prices remain high.
There will be Lots of new investor and institutional interest in the coming weeks as we ramp up production which will continually drive the share price to new highs.
2023 will be transformational for Prem.
Good luck all
Acker, yes looking forward to next week. We will move from being an explorer to a producer with our large pilot mine, the first on aim and a good 2 years in front of Kod.
We own 100% of Zulu and the Epo area and the plant can quickly be expanded or another large plant quickly constructed as George has now proved.
We will have other minerals stockpiled ready for future processing, which will also add value to our Prem.
Once the production grades are achieved, it will increase Zulus and Prems value intrinsically. Any potential buyout will be at a very large price.
A very intriguing and exciting period for us all.
All looking very good for Prem, with quite a few investment companies predicting Prem as the one, or one of the Aim shares of 2023.
Plenty to look forward to.
Gla
Nice little finish on Friday for us Prem shareholders.
We are all looking forward to being the first Lithium producer on aim in a very short time from our large pilot plant. Years ahead of other explorers.
Gr has excelled himself with the speed of getting the production plant ready to switch on next week in just a few short months.
We will be producing and selling in March, what follows after will be the exciting bit for all Prem holders.
We will have a RUS and DFS to follow, further exploration in the huge Epo area and potential processing and sale of our other stockpiled minerals. Will the plant be upgraded to add more volume or / and News of a second, even larger plant will be built within a few months.
Will Zulu or Prem be bought out? Hopefully not before much more value in the share price is realised.
The story of the new Prem has only just begun, a very interesting and exciting period starting next week. The rise on Friday was just the beginning.
Chill out and watch Prem be potentially the best share on aim in 2023.
Monday will see huge volume with fomo kicking in.
GLA to all genuine Prem holders.
Well I got my wish from this morning for a finish above .6 and a bit more lol.
Just the beginning is very true.
I have said before and agree with Johnny that there will be lots of money on the sidelines waiting for confirmation of a working plant, with some being put off after the RHA debacle.
Once proved we will have lots of money pouring into Prem along with institutional investment.
A lovely finish to the week, which should see a very interesting next week.
GLA