Member Info for Jenkoo

I said at .87 we would close at .95 and wasn’t far off. Was very clearly a MM drop and panic sell on news by traders.
Well done to those that made a small profit, oh dear to those that had to buy in higher….
Finally got some communication today (felt like forever lol) and was as expected.
Good to see we have been processing and the ore body not too weathered and meeting expectations/predictions.
Funding news mentioned and imo will be announced very soon against SC6 offtake with Canmax.
I think likely prem will announce official opening with Zim president when StockBox on site.
Those who are dissatisfied with todays progress update likely are impatient and inexperienced and need to understand the difference between being pessimistic and realistic when projects ramp up, particularly in the mining sector. GLA
J

will recover pretty quickly. no doubt we close 0.95 or above
J

As expected - we are producing SC6 and likely a SC6 offtake to cover short term finance. BUT YES..... WE ARE PRODUCING!
J

Given what the mines minister has said…. Surely PREM need to RNS asap…. As this has implications on the company’s value and financial potential. Or dismiss the comments as incorrect??? Surely???
J

Great post Cos
J

*Written late March / early April
J

RNS 29th March states very similar to ‘ wet section (floatation part of the plant) has water on and is pressurised’
Also they refer to Canmax as Suzhou. Name change was 20/3
Also, the 29th March rns states that they expected the reagent later that week, therefore foreseeable a working plant writhing 2 weeks of that.

This all points to an article written in March/April imo
J

There’s no doubting it, comms are not great to say it’s such a critical time for Prem. The outdated tweets seem to do more harm than good, especially to the impatient investor.
There does need to be an official line out of the company soon, latest Friday given GR’s rns comment.
I would much prefer Prem to hold back any shipment from April and ship it for May. At least that way we get a head start on the 4K tonnes for May. This should reduce risk for Mays shipment.
Other than that, just remember the bigger picture folks, don’t forget how far they have come and zoom out on the Prem chart.
If turning from explorer to Miner was easy, many would have already done it, and SP wouldn’t rise as well as they do when companies evolve.
Be patient, don’t check the SP every hour and know what you hold. GLA
J

Very hopeful DJ…. Some would say delusional
J

Cos, you’re right, and I would have expected to see some info on grades reported. Imo GR was a little hasty to add that shipment note into the last RNS without running up the plant. If stark can drop a clanger like they did, who knows if there’s more until you fire her up.
I’d love nothing more than to see a strong RNS, but likely we won’t see shipment until May imo. SP should hold strong eitherway… what’s a few days.
J

That’s good to hear Snowking. A welcomed turnaround.
I’m reasonably sure we will see an announcement this week regarding updates on production. Potentially GR will wait until eow or early next week if he wants to include confirmation of 1st shipment.
Suspect if we’re close, he waits, but if we certainly won’t hit it, a general update will come this week.
SP should hold steady with no news or a rise towards 1.1p with news imo.
J

Watch this rise into the close….
J

Agree Acker. A few things that need to show consistency to allow for 2p+:
SC6 volume, SC6 grade, shipments, finance reporting (payments/profit reporting), mining efficiencies (inc uptime/reliability/capacity), shareholder updates, SC6 price and so on....
I think we will amble around 1p - 1.2 between now and May end if no news on expansion/TO/investment/etc.
Once the above list becomes consistent, then we can all really start to 'enjoy' watching the investment grow. GLA
J

Does this mean you don’t need a mining license or am I reading it wrong???

https://miningzimbabwe.com/govt-mine-process-or-sell-your-lithium-to-plant-owners/

J

Snowking - I suspect RNS once GR has had time to check the grades come by out the back-end. Maybe Friday or next week imo, but very likely they are processing by now. Exciting times
J

Nice to see the video yesterday. The scale of the plant surprises me each time I see it. A 10 month delivery in the middle of the bush is testament to the team.
would be nice to tip past 1p and solidify though
J

some chunky sells this morning.... did last weeks buyer have enough already? strange.
J

AspenW - I agree this is likely the only RNS this week, possibly some assays to report based on GRs interview a few weeks back. Likely this is all built into SP. We might get a small rise out of it.
Personally hoping for 1.1p eom followed by a 1st shipment confirmation, including value of shipment in $ or £.
Once people see the value of the shipments, the penny should drop to many investors sat on the fence.
Also- Interesting that fast markets reporting SC6 at $5,313 pt today and SPG just $4,000 pt. Clearly some have an agenda regardless of increasing demand for SC6.
Social media buzzing with TO talk. I agree with other LTH’s, until shipments and RUS or DFS are announced, likely a TO won’t be announced. Won’t stop companies building a position though as per the discussion on PEEL and BNP.
J

Sorry, meant circa 1.1k per week on my example.
J

Wouldn’t it be great if we could ship 1k tonnes eom Acker.
Based on 4.5k pm that’s circa 1.1k per month. @60% capacity if accept 50% for then 2 weeks with debugging etc.
Then May to really ramp it up to 80%+
J