George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Painless
Posts: 299
Price: 0.415
No Opinion
RE: Low Volume18 Apr 2024 11:14
A tweet with some photos or drown footage of the site would be nice. Pretty please
That's a bit sick Painless, what's happened anyway? Has the new bridge collapsed already.
Sorry Painless slow news day, couldn't help myself, yes drone footage of the mine build would be very tantalising 😁
That's a rather immature response which is also very unhelpful in answering my query this is a BB for open discussion on Premier African Minerals not a Park for bullies to come and steal other kids money and chase them away.
What's your opinion on mining in an area that a licence has lapsed in Zimbabwe?
In the latest stockbox interview that George did with Mark. George says that they have stumbled upon a 35-38% rock which was very fortuitous. He then says this is within the epo licence now as far as I'm aware the licence has lapsed so does this make the current mining could be halted at any time by Zimbabwean authorities ?
I presume there's an application in for a renewal and would expect it to be granted but it seemed to me that George was broadcasting illegal activities ?
The only thing that can save this company now is if the Earlofaim buys the dip and ramps it in the morning
It's also going to be sc6 at best so running at a loss with current Spod price. Spod price might of gone up by the time all these creases are ironed out though. This has been like a Primark linen shirt this pilot plant
Oooffftt what a terrible RNS
Everyone running for the exit gates like steel workers running to the pub on a Friday early finish tomorrow at 8
I love lithium
SC6 small profit $100-150 a tonne, opex $800. Lithium prices are going up now.
The cost to port of $150 was emitted from that $800
I don't think there's anything RNS'd regarding opex just George in a stockbox interview saying $800 not including to the port which is a further $150
Ralladaw , i reckon 5.5% then it improves as they refine the different parts of plant . it takes weeks to refine the % .
The best part of the plant is the bud Snowking. Leave the leaves for someone else to come and refine it for you they're falling over themselves for the scraps apparently. In the meantime keep on smoking
We're in the grips of a tight squeeze in the lithium price ATM now that can go on an on and on and companies like Prem which have gambled on getting to production quickly with pilot plants can easily get swallowed up during down trends it's a rinse and repeat cycle. There's not many entrepreneurs make it for a reason.
There's 39m of debt now owned to Canmax but the hampers say Canmax have to offer the 12 month SP high of 104p this isn't how business works unfortunately the company in the commanding position just wait out as time is always the key component.
It's $800 a ton to produce, it's $160 a ton to refinery, it's a sale price of $938 a ton Prem will lose $22 a ton when they can finally produce something.
PIs there's a lot of traders working the market here, do what you need to do for yourself and don't believe rampers who are exiting
i do think ⚰️👁️🦆 is just a genuine investor that's underwater but some of the the quotes are concerning like this one from delusional damian's buy hold sell video comments yesterday
'a few key points you missed.
you didn't really cover the mre at all. the low iron content is absolutely world leading and with am sqi dominant pigmetite it does truly point to a world class sc7 technical spodumene capable resource.
then the talk of a sulfate plant sustained by that lom. then the talk of new pigmetites in the epo already secured by licences.
get producing by end of march and canmax will springboard prem to a mid-tier producer within 18 months.
only ****er, short term funding. i have it on good authority the mre unlocks debt based funding. 🤞
lastly, wtf is going on with mutare? why haven't goddard shares been introduced to market? are these linked? it's definitely a private uhnw that has the other 50% of mutare - otherwise it would have had to be rns'd by now. imagine a share buyback of presold goddard shares if the uhnw gives funding? seems fanciful but they've not been admitted and it's odd.
good luck folks. plenty of bumps on the way but it's a world class resource. it will bear fruit.'
i have it on good authority is either lies or inside info is it not ?
That's embarrassing, give your head a wobble and then delete it, more fear of delusion than dilution, childish stupid waffling about GR on a yacht with Elon selling him 19 years worth of white gold and a Netflix series, I'll have one of what you're on please, shambles
Thanks for the responses guys, continued my research this afternoon, I certainly see some positives from here. Legalwolf I've gotten distracted whilst researching KAV on X wondering if you're Andrew Neal ?
So the purebond £6m investment at 1p a share is from an Indian family by the name of Kansagra which appears to be 2 brothers but below the surface it's a considerable family business consisting of around 120 companies in many different sectors. So we can probably expect them to number crunch, stay out of day to day running of the business and expect the company to get to mine asap. Reminds me a little of QGlobals investment in Marula. These juniors with funding at this stage of the cycle can often be low hanging fruit.
At todays price you're getting to piggy back on the Kansagra family's £6m at a 35% discount to them and hopefully no dilution until a JV or self fun small scale depending on how they want to proceed.
Looks like there's roughly 60% of the shares tied up in directors hands. Looking at the SP the majority of the remaining 40% will be underwater ( sorry LTHs that's the small caps in general atm) so other than a possible further slight trickle down in SP due to macro environment.
POG continues to strengthen.
This could be set to come good here when things turn
Hi LW and others , what's the cash situation hear do you know ?
Just having a look over things it appears that a major dilution has already happened at a reasonable price to the SP. POWs shares 5% gobbled up by a director off book.
Zim looking like it could be potentially mining friendly over the coming years ( as good as you can see when looking through a glass onion )
The prospectus from October is stating £6m raised, what's left of this £6m ?
It looks to me like there's 2 drill programs going to be run in tandem? Do we know how many drills for each site ? How many holes planned? Can anyone post any links to any historical drilling in these two prospects?
Sorry for all the questions but if people here can cut down some of the long grass for me first then why not right, isn't that what a BB is for ?
Thanks in advance
Jay
The drill results are shockingly poor, over two hundred meters of digging to hit a 3m seam. That stuffs never coming out of the ground unless Spod prices are above $5k you can totally forget $800 price to port being reported by George and what's more worrying is with all the other issues going on causing delays why has he moved to another area to drill ? The required grades maybe just aren't anywhere to be found ? Weathered spodumene, 3m seams 300m below surface. Things aren't looking good