Member Info for Jenkoo

RedTrade - where was that caption taken from?
Thanks
J

No Johnny, but your comment referred to ‘official’ news, nothing to do with expected or targeted. I am unsurprisingly aware of the difference….. but regardless, the comment was official. Atb
J

Johnny - you should know that this was official news, dated 12 April 12:30pm

‘first concentrate expected shortly and first shipments now targeted for the end of the month.’

Shame it has not been backed up with evidence or reasoning.
J

yes Acker. I have been in Prem about 4 years and really enjoying this time. Obviously the best yet for me.
Surprised no RNS today though, based on GR suggesting first shipment end of April. He said that on 12th and therefore we are circa 30%+ over his estimate of first shipment leadtime. Either he does not deem shipment impactful enough to trigger RNS, or they have not made shipment.
Glad Mark will clear things up for us next week.
J

Very surprised no RNS as yet today.
J

Lots of progress on financing last 10 days:

https://twitter.com/caracalgoldplc/status/1654411469088251905?s=46&t=-sYSpaRy9cwxnWCOaKv6Gw

J

Acker - I’d like to add DFS to your plan. Expecting a RUS during that timeframe as well.
This should add plenty of strength into the SP
J

* correction - June and beyond… not April.
J

Wolf, I hope you are right, but 90% of all SP estimates on here and all other media across all other shares are too high. Prem is no different. If you had said last yr that Prem would be sub 1p during production ramp up, people would have laughed and said your estimate is way too low… any yet here we are.
Prem SP won’t motor until cash is flowing in, which will be April and beyond. All imo of course, and worth mentioning. I tend to set my SP targets on the conservative side…. Mainly because the outcome is far more likely.
May 1.1p
July 1.5p
Eoy 2p+
All based on consistent delivery of SC6. Any expansion/EPO/Sale news not inc in that price.
J

RNS tomorrow imo. Exciting news around the corner. SP 1.1p end of May target for me based on shipments being made and no other major news.
If major news drops… who knows what SP. Depends on the news.
J

Oldbutnotout - Unless I'm mistaken or missing something, the 2 shipping containers are part of the plant. See the additional conveyors that leave the opposing end. also they are marked with Prem and Zulu. If they were shipping containers for shipping they would likely say Maersk of something similar.

Acker - There's a difference between first shipment and first successful shioment of contracted monthly amount (4k T). I presume you mean the latter for end of May???

J

Half expected an RNS today for first shipment. Would be nice to get an update on how close/if made. Also, clarification on the mines ministers comments on 25m tonnes resource estimate.
J

That meets my request.... Thank you GR
J

Needs news... or at least a tweet of a pile of SC6
J

I wasn’t aware of this.

https://www.trivano.com/persbericht/china-natural-resources-completes-due-diligence-moves-forward-with-strategic-acquisition-of-lithium-mine-in-zimbabwe-with-maximum-consideration-contemplated-to-be-us175-billion-456370.html

J

*I Also believe Canmax wouldn't want to buyout Prem
J

Agree that 'Perspective' buyers will want to see data before making an offer. I Also don't believe Canmax wouldn't want to buyout Prem as it is not their thing based on their current business model. Their focus is receiving SC6 not mining it.
(Sorry Dickie3 - couldn't resist the typo.... childish, i know!)
Likely Canmax will want to tie up Prem's supply line, so either new buyers have to honour pre-agreed contracts or buy Canmax out of it (likely via a prewritten contract clause).
Personally, i don't foresee Prem being bought out this year... instead, mine and resource expansion is the more likely route taken.
You never know.... GR may sell Zulu and retire.... handing over the reigns to Brendon for EPO exploration. I've given up guessing! haha. Eitherway, there are a shedload of options available and we are in a good position. Enjoy the ride and the BH.
J

Agree Acker. Bottom and rerate coming at a good time for us. Even if Credit Suisse have joined Godman Sachs with there negative outlook on where prices are going. Lithium stock levels reducing slightly whilst lithium experts waving the red flag that demand has tipped supply again, all whilst Chile nationalise their lithium mining which should negatively impact supply. All good for Prem
J

April:
Yes - Commissioning
Yes - Reagent
Yes - Zim approval
Yes - SC6 Produced
Yes - Funding

May:
4,000 tonnes shipped to Canmax + another potentially
Zim President & opening ceremony
Mine Expansion approval & funding announcement
EPO License

Take your pick..... Fantastic! Glad April is out the way and we can roll down the road to riches together.... happily ever after!
J

Mug - RUS - Resource Upgrade Statement
J