Member Info for Jenkoo

I have no idea what’s going to be announced this month regarding delivery quantity and quality, and trying to surmise the current position is impossible given GR has not given a single metric about either.

It is coming close to a week and half since the first bag was produced and to have zero metrics is poor form imo. Especially at such a critical time with deadlines looming.

Also, at some point they need to turn off the flotation tanks to clear them out which will lose us further days.

Sorry to be grumpy, but we need some detail rather than the usual fluff.

Long term it will be fantastic, but short term I can foresee some more bumps in the road as GR has gone quiet which is normally not a good sign. Maybe he will RNS good news tomorrow just to prove me wrong. Hope so!

J

Ok thanks, I think I need to re-listen to that bit as I seem to have interpreted it differently. Thanks

J

Snowking, didn’t GR say that a 90% payment is made upon leaving Zulu and the remaining 10% when it hits the Chinese docks and is tested for concentration levels? Thanks

J

Dazed... here's a question for you.... If delivery was indeed planned for Friday AND knowing Prem get 90% payment upon shipment leaving Zulu..... why do Prem require a raise at all?

1of2 reasons ... No1) We are no where near volumes required and a few more weeks required (unlike the 10days states with MarkF) No2) GR looking after mates

imo

J

Profit - imo GR is getting the funding news out the way (the last of the bad news). He has also been very woolly on general updates, infact almost ignorant to production rates and concentration.

This sets up for a much more positive update later this week imo.

I would very much like to know that contractually, do Prem need to make ‘A delivery of SC6’ (any amount) or ‘A full delivery of SC6’ to Canmax eom.

If it’s the latter, I think this raises questions about Prems ability to achieve this during Optimisation, particularly because of the reaction from GR about the partnership and the lack of offtake extension. All imo

J

MM's lapping it up from the off.... haha. Many will be locked out for a higher price.

J

Apologies - 835oz during Q4

J

Acker, my thoughts exactly.... GR's reaction to the question about Canmax did worry me at the time and i think the fact that this raise is via placing rather than offtake agreement highlights this.

All will be well post first delivery.

J

A good uptick in production rates achieving 627 in the month of March V's 627 during Q4. Circa 75% of Q4's production achieved in a single month. Paves the way for a fairly decent Q2. Add in financing news and now could be the best time to invest as the upside looks clear (if your willing to count on finance which based on RM's comments seems very likely)

Looking promising here imo.

J

Whilst i acknowledge this is a drop in the ocean, i cant hide the fact that I'm very surprised and disappointed its been done via a placing at a discount. It is what it is, but disappointed all the same.

J

Mark is starting to upload videos into a YouTube folder

https://twitter.com/markejfairbairn/status/1657030806282420224?s=46&t=-sYSpaRy9cwxnWCOaKv6Gw

J

Tygra - exactly

Anglebox - I have said for some time that the mine coming online is baked into the SP. This is what holders expect as a minimum. The SC6 price can only impact SP once we confirm (via RNS) sales. This has not happened yet and furthermore, many holders will want to see the consistency on deliveries and PREM to spell out the financial impact/results before investing. imo

J

Snowking, a lot of the lithium experts I follow all expected a strong rebound early Q3….. it would seem Christmas has come early for us, and I don’t think you’ll find anyone complaining about that!!!

Great news! Even greater timing!

Some production rates/quality rns reports would be very much welcomed GR.

J

Great post, thanks Snowking.

Things really are looking up here. It’s fantastic to think how far they have come, and the best bit is that we are only now just entering the ‘value’ zone (making revenue)… furthermore, we have not exhausted the pipeline of future opportunities….. in fact, It’s never looked so good.

RNS today imo… Mark would not have said that tweet unless someone said something to him about an RNS today.

J

James Gooze has issues a TR1 for COPL… I wonder if it was him that was selling in £100k chunks the other day.

(Not that there is anything wrong with that at all)

J

Additionally, Tesla broke ground on their new planned in-house lithium refinery in Texas. What a space to be in with Prem as the heavy hitting money makers clearly see Lithium as a commodity to invest further.

Furthermore Morgan Stanley (the most negative of all Li price predictors) confirmed yesterday lithium prices have turned a corner and are about to bounce. Excellent news

J

It will be a very interesting day indeed. No doubt we get a rise today… I don’t know what it would take to invest for anyone still sat on the fence, not convinced by yesterday…

Biggest re-rate will occur upon first shipment and 90% payment rns imo. Then is all about consistency in shipments and payments, which will result in consistent SP rises towards 2p. An additional boost when loan payed and mine expansion sign off.

Very happy. Fantastic 2h yesterday. The plant is truly amazing.

J

Alert, tbh I don’t think it’s very clear on re/payment methods, but to Snowkings point on Suzhou paying Prem the full amount and Prem being free to payback whatever they require; I would point to the comment GR made about Suzhou giving 90% payment to Prem upon SC6 leaving site. The further 10% upon landing in docks in China and meeting concentrate levels.

This points to Snowkings method of repayment, but it would be good to clarify.

J

Can I also just say….. thank god we never have to read ‘Jam Tomorrow’ on this board…. Spent many years reading that! Haha.

Jam Today folks… and plenty of it.

J

Fair play Alert. Eitherway, we are living the dream and as LTH’s we are well positioned! ATB pal

J