Member Info for happyhols

Of course you have shorted this joey, we all really believe you…😜

For the agenda driven and unresearched, please closely watch George's interview on Friday. Its all there !

Why do certain individuals keep on saying the mine has not produced sc6 to the required grade, it has !

The potential problem is that the Spodumene concentrate already produced may be contaminated with elevated mica content, and also the output of 3 to 4 tons per hour is below the required 7 tons per hour.

Gr has already had requests to sell the the bagged Spodumene in its present state, but Gr has refused as he says the already produced bagged Spodumene can easily be put through the flotation circuit to remove all of the mica at a rate of 7 tons per hour or more to produce pure Spodumene concentrate

Once modifications to the plant are completed the plant will run at 50% more at over 7 tons per hour with no mica and pure sc6 will be the outcome.

This will be completed within 2 weeks.

We will definitely have numerous parties who will want our Lithium resource, any hint of a partner/takeover and this will fly.

Prem will have to release an update.

GLA

Looks like will be having new offtake partners, or will Zulu/Prem be a takeover target now…GLA

Steward1, I totally agree

Steward1, I totally agree

Lots of early buys this morning including mine. Looks like we could have a leak and good news on the way.

Revised terms anyone, I really cant see Canmax wanting to be out of Prem, and if so we will have plenty of willing suiters to join the party.

A fantastic opportunity to buy at these low prices.

Again my concern will be a low ball offer of a couple of pence for Zulu or even the whole of Prem.

As some of us have stated the real prize is the huge Epo area.

Gla

Good Afternoon guys,

Lots of speculation about Prem over the last couple of weeks from poster, some with there own obvious agenda, some who are nervous or wary of the outcome and others who are positive.

I for one am very relaxed and very positive of the outcome. I am not a trader, so I always look at the bigger picture and the fudimenles and all I can see is a positive outcome for Prem and it’s investors.

Our Chinese friends are desperate for the Lithium, they were very happy to invest 35 million in our resource and will be only too happy to invest more for a bigger share of the Lithium.

Prem obviously want this to work and so will Stark, who have there reputation on the line.

If Canmax do walk, which I don’t think they will, then we will have plenty of willing companies who will take our Litihium and will only be too happy to enter into agreements for offtake.

All will be good, ignore the noise and the shorting naysayers and look at the bigger picture.

GLA

Jenkoo, Gr already has mentioned the possibility of another plant at Li3.....

Acker, agreed, I also think Li3 could could also have fantastic potential. Todays Rns looked very promising.

I hope Gr does not decide to sell Prems 50%, we need to explore further and get some holes in the ground once finance permits.

Good morning guys, I have not posted for a while, I have read the board some days while observing some of the rubbish and also agenda driven posts from many of the usual suspects and traders.

Its been somewhat a disappointing period of time for the share price, however many Prem shareholders realise building and commissioning a large production plant from bush to where we are now was never going to be easy.

The problems have been compounded by Starks design misdemeanours and have now caused the ramp up to over 4000 tons to be delayed by a few months.

Prem will not be happy and neither will our Chinese investors, while Stark will not want there reputation tarnished by any more delays.

My take on the current situation is that Prem will renegotiate our offtake agreement with Canmax for more money to tide us over to full production, we still have the other 50% offtake to negotiate if required. There is now way Canmax will walk away, and make no bones about it, there will definitely be other parties willing to pay off Canmax and take on the offtake of Lithium from Prem.

Looking at the bigger picture, I am not concerned, nothing has changed here apart from the extended timelines, in fact the plant will be far better optimised with a better throughput than previously quoted, Stark will not want to mess up again.

A Rus and Epo mining license will add immensely to the positivity.

We also own 50% of our other Lithium play, Li3. Did anyone see the RNS this morning giving superb preliminary results out of over 4% Lithium. I bought a chunk in there a couple of weeks ago, I believe Li3 could eventually be worth millions to Prem.

Hopefully Prem will not sell it, but will explore and develop Li3 with some of the profits from Zulu and build a mine as well.

My only concern now is that Zulu or Prem as a whole will be bought out cheap while the share price languishes at these low levels.

Once we have confirmation of a settlement with Canmax to remove uncertainty and we have our first shipment confirmed at the end of June then we can look forward to getting back to a penny.

Gla

Once the market gets confirmation of production and first shipment of Spodumene to confirm Prem is a producer, then we will leave 1p behind us forever.
Not long to go now for a rerate.
Gla

burnley88 posted 12 months ago -
Dont watch your profits disappear, get out, this is going one way. Back to sub 0.20
Now 5 times your predicted price lol
Another poor loser

Crapinvestor, why do you feel the need to advertise to the world the size of holdings and when you supposedly buy or sell your Prem shares. Of course you are making loads of money, it must be true, you have told us ….!
But perhaps you feel the need to justify your actions to yourself, but then probably no one on this forum really cares anyway.
Nice name by the way.
GLA

Profitbags, it’s already been said that work on the dam is still ongoing and not completely finished, but there is more than enough water to feed the plant.
Nothing to worry about

Prem is now a producer, a nice Easter Monday present, EGGsactly the news I wanted to hear.
GLA

Thanks Redtrade, looks like we could have an RNS tomorrow stating commissioning and production has started at Zulu.
Acker, let’s hope Santa has lots of presents in his bag for Prem investors and the workers at Zulu…!
GLA

I for one am really looking forward to how all this pans out over the next 12 to 18 months.
We have multiple scenarios of where we, as shareholders could benefit, and benefit big time !
We will very soon see production( if we are not already producing !) from our Lithium plant which will make Prem a producer of Lithium and not an explorer.
This will be absolutely massive, which in itself will open up many other opportunities and avenues for us to explore.
Whilst we will have cash rolling in, we will still have the other 50% of the offtake to negotiate, which will put Prem in a very strong position to get the best deal possible, some of which have been mentioned today.
I do like how Gr has kept that option open.....
We also have the other assets including Li3 but the one I am most interested in, is the Epo area.
At 57 times the size of Zulu, I would love to see Prem drill the s__t out of it over the next 12 months to see what this actually contains.
The danger is, as others have said, we will be bought out far too cheaply before our share price rises too much. It may suit short term investors, but many of us, including long termers and investors who have done there research know we are worth a lot more than a couple of pence, we have huge potential.
The next few weeks will be both exciting and fascinating, especially if we produce high grades and large quantities of Spodumene in April and May.
Gla

I think next week will be very interesting
Gla