Member Info for Jenkoo

Sharesahoy - 31st March is the target. If missed (which it is) then interest on loan should be paid. If they still dont ship SC6 by end of May, Suzhou (CanMax) can give prem 90days notice to pay back the loan + interest.
Prem will be absolutely fine as they only need to ship 2.5k SC6 in either April or May.
J

I hear (unconfirmed) that the Zim permissions required is simply to confirm the use of hydrochloric acid on site.
J

I suspect CanMax will be fighting to be the sole investor of Prem… they will not want somebody else waltzing in on the remaining 50%
J

Alert, yes completely agree mate. Canmax will not terminate post May as they only care about SC6. But even if they did, one of our other potential off takers would just pay them off as per the contracts + interest and take the SC6 anyway.
There’s little risk here.
I think many will be just a little disheartened at the RNS due to delay, funding and Zim final approvals. In honesty, I feel that a bit too, but I can over look it due to the bigger picture.
J

*Mr Roach
J

Only thing I would further offer on that front ProfitBags is that Mr Rich should be cautious about offering the SC6 repayment in a short timescale.
Focus should be 100% on hitting the 50% Canmax agreement between now and May. Just 1 full load will seemingly stop Canmax from terminating the agreement (as I read it)
This totally relaxes the ramp up as it only needs to be 50% effective to hit targets. If GR offers the other 50% from April, that would put immense pressure on the site team.
J

I reckon any funding raised will come from forward payment of spodumene rather than share dilution.
Likely the remaining 50% that everyone is desperate to get their hands on
J

Regarding your comments to me last night at 19:04….
Will you be using a spoon or a fork to eat your humble pie???
J

So in essence:
1) mining has started - excellent
2) delay of hot commissioning - think we all gathered that.
3) small raise ?MAY? Be required - wow, let’s say $2m…. They will make that back in a couple of days.

Fundamentals remain, this is just classic AIM trading.
Investors remain invested.
J

Thanks all, yes should be in dollars. Apologies.
Obviously speculation based on what we know/believe.
GLA,
J

I don’t think anyone can value Prem or Zulu until RUS (minimum) ideally DFS.
Depends on how desperate potential buyers are if they want to take a gamble on how many hundreds of thousands of tonnes of SC6 is in the ground. Likely they would derisk gamble by lowballing. This is why I want Prem to DFS asap
J

Iky - my view on this thread;

https://twitter.com/jenkoool/status/1639638043953967105?s=46&t=-sYSpaRy9cwxnWCOaKv6Gw

J

It’s natural for people to want their 10% and MM’s to rock the boat a bit, that’s how they generate volatility/liquidity and the swapping over of shares.
I think the mine going live is now baked into the price. But if GR drops a RUS at the same time, we will surpass a penny instantly as MM’s will re-rate to 1p+
GLA
J

RNS tomorrow….. let’s call it a hunch.
Another good day today.
J

Furion / PottyTime / Quakerjon / Iky = See my post yesterday at 19:47
It might not be as bad as you expect, especially as there seems to be some large buys coming through over last 5 days, possibly ii's who don't care for emotional trading and round numbers.
That being said, fair play to any profit takers.
J

I am happy to hold my entire holding for the Dividends Steward. Not selling a bean here. Lovely!
J

Hi Steward - i believe an intraday is absolutely possible/likely - as soon as the first ore is processed.
Another RNS will follow days later informing of grades. Very exciting. I think the days of RNS & GR interviewing causing SP to drop are over.
J

Jaguar - i would reword ' men from the boys' to something more like 'the logical from the emotional'
J

Yes i saw this too Cos. Very very interesting indeed.
And with Lith prices at a depressed level, now is a great time for the big boys to put their hands in their pockets.
I suspect all lith stocks will rally off the back of this news.
Looking forward to seeing if a second offer is placed, or if they look elsewhere
J

what a fantastic day. Love the volume and loving the positive BB. Clearly people are getting excited about the multimillions revenue Prem are on the cusp of making, and so they should.
I think many people will have said at circa .3p (that horrible period that seemed to last forever!) that they would exit at a penny, especially as many were underwater here. Many of these same people are likely having to seriously rethink their strategy. For me this ultimately comes down to Prem being hugely undervalued at 1p once they prove 4k tonnes + per month.
I think if this share was at this price 1yr ago, the majority would be taking profits and rightly so, but this £200m mc increase is reflective of the situation (a company on the cusp of producing). This is the reason many will find it hard to slice, because there is a clear path to £500m mc valuation (and beyond, but one step at a time!)
A few posters on here deserve credit for shining a light in dark times... those LTH know who they are. Well done and thanks to them.
Loving 'our Prem' .... 1p easily in sight, Lets get this producing George and wipe away the final dregs of doubt.
J