Member Info for Jenkoo

What a fantastic week for Prem and us shareholders. Up 10%, reagent and Zim licence confirmed, first blast, ore stockpiled, commissioning confirmed as complete, first concentrate likely produced, first shipment targeted for eom and a couple of decent days of consolidation (Although more needed imo)
I’m particularly pleased that both PREM and KOD have done well, as traders often jump from one to another. The fact that KOD rallied and PREM held at roughly 1p shows traders switching to catch the KOD rise had their shares gobbled up by hungry MM’s and punters. Normally PREM and KOD compete for the same market resulting in one rising and one falling.
To top it all off, SC6 price regained ground above $5k on fast markets which will draw in new investors and of course come in hugely useful upon first payment.
Imo PREM will soon announce a deal with CanMax to expand the Pilot + small funding (circa£2m) at a cost of additional SC6 takeoff agreement. This is a wonderful deal for Prem if GR could negotiate it.
Well done to PREM and KOD holders. This week was a great week. Enjoy the weekend all. Hopefully a StockBox interview next week once GR confirmed first SC6 production.
J

Aspen- I respectfully disagree with your comment. SC6 contract price is more important than the volume produced right now mainly because increasing volume is in Prems control and influencing the SC6 contract price is not.
So yes, stating the SC6 price is very important regardless of the unknown quantity of first shipment. Imo of course
J

Rewatched it Kenny. A reminder of old times….
Have to admit that there are a few bits in this that I winced at 2yrs on. All is forgiven after first shipment. Haha
J

Expecting another good volume day today with some longs taking profits, traders taking their %’s and new investors flooding in having read the headlines. Imo we will likely stick around 1p for the day followed by a similar Friday and a good week next week as we move towards 1.1p
Unless the book gets aggressive on the buy I don’t think we will surpass 1.1p until news of grades and volume of SC6.
I am keenly awaiting strengthening at 1p to solidify a new base. GLA
J

Yes CuriousC - I’m surprised he hasn’t bought a mining company already tbh. Would be a good investment, Particularly because he said Lithium minors would be printing money, and that was at least 7+ years ago when I listened to him say it.
J

Kenny, apparently Elon is trying to suppress the news about Prem so he can buy it…. Haha
J

Also, let us remind ourselves that this delay was Starks miss during design. George and team have been let down with that and hopefully will be compensated
J

Acker - key shipment date is end of May, so not the end of the world for the April miss. Judging by the rns, we target to make a delivery in April but will certainly not be full tonnage.
J

Thanks for info Gribble
J

Johnnypc- as i mentioned this morning, i think the mine starting has been baked into the SP, however the statement from GR stating first shipments targeted for end of month...... !! wow. I think many were not expecting any delivery until May.
Well done GR and the project team who must have been as frustrated as us.
J

couple of very big sells today vs avrg transaction value.
J

PM01 - Exactly
J

Every hour that goes by, Prems chances of dropping an RNS increase. I personally believe quite a bit of the ‘producer’ status is now firmly built into the SP as ‘it’s a given’ it’s going to happen.
Upon release of the company defining rns (explorer to producer), I expect us to solidify 1p as a very strong base and the rise to 1.1p to be quite quick.
Next rises will be based on RUS or positive SC6 grades and volume.
Gla, and weather you take profits or not, I’m just glad to see to pi’s getting a nice win
J

I think Acker sums it up. A bit disappointed.
But that’s all,
Not gutted,
Not distraught
Not lost
Not in the red, just a bit disappointed.
On the positive side, many are hundreds of % up, the reagent will 100% arrive very soon, and prem will absolutely be mining and selling SC6 very soon building the foundations for a multibillion £ company or buyout.
Yeh, not that bad really is it.
J

When are the outstanding financial reports due by?
J

In the immediate rns, I would like;
1) confirmation of delivery & installation of the reagent
2) processing of ore up to the flotation tanks
3) Stark to confirm they will heavily subsidise final payment to allow Prem to redirect funds towards interest costs incurred by Suzhou contract, due to their design error.
4) update on stockpiles from weekend and spodumene weathering
5) possibly some assays

Just for fun: (and it’s a complete guess)
30% chance of 7am rns
35% chance of intraday today
20% Wednesday
10% Thursday
5% Friday
J

Pisco- you are wrong. Permit has arrived (Friday) and we don’t know for sure if the reagent has or has not arrived.
J

More retweets and people wanting to talk to GCAT like this and we could see a strong week or so

https://twitter.com/share_talk/status/1645377093104988162?s=46&t=-sYSpaRy9cwxnWCOaKv6Gw

J

you're welcome DjfWatty - there are some really helpful posters on here as you say. A good BB with some useful different perspectives.
J

https://twitter.com/mccraerobbie/status/1645309170609016832?s=46&t=-sYSpaRy9cwxnWCOaKv6Gw
J