Member Info for Jenkoo

In modern times, there's no excuse for not making this available online. If its worth doing, its worth doing properly.
Apologies for being grumpy
J

Interesting… thanks.
I think I need to re-read the RNS, as I remember slightly different to this article
J

I personally believe Suzhou will be on site too:
1) review progress Vs expectations
2) open discussions around funding for mine expansion as soon as possible.

Whilst I’d love it to buy a buy out (and the hype that comes with it) I don’t think it will be. I also don’t believe Suzhou are interested in DFS completion either, as this just puts risk on an external TO resulting in them not getting SC6.
Does anyone know if Suzhou have rights to 50% of Spod after repayment of the loan value? Or are Prem free to go to external market after repayment? Thanks
J

*Opportune time for the buyer :-)
J

Have to say, if a buyout was on the cards, with the slight drop in lith prices, it would be an opportune time. Almost everyone except JPMorgan sees Lith deficit continuing for some time. Only JPMorgan banking on major breakthroughs on Lepidolites processing... Cant see it myself and nor can the rest of the world. Certainly not in the next 4-6 years commercially for batteries.
This would really stick a rocket up Prems proverbial if TO rumers confirmed to be true.
J

Wonder if they will rns anything prior to the AGM.
J

I’d prefer him to stay to be honest. Zulu pilot takes precedence over everything imo.
J

Dazed, Institutions have and are invested in Prem. I do however agree that any takeover will likely be from a country outside of Europe and America for the reasons you say. Most likely China for obvious reasons.
I believe GR is not going to London this week. I think he said he’s too busy due to Pilot golive, but Will be on video link.
Can anyone else validate this is their thoughts too?
J

https://twitter.com/premafrimin/status/1611329737745436672?s=46&t=JNI2n4TFXyxDwQVCbtQ1YQ

J

Wonder how the director who purchased shares is feeling right now…
J

Why do people assume no RNS tomorrow? Thanks
J

Updated:

Broch - At the point PREM confirm first shipment they will have confirmed the mine works (which is obviously fundamental to profit growth) 5k tonnes x £5k SC6 price - 10% royalties - 10% Suzhou discount - £1,000 operating costs per 1ktonne = Loan repayment... circa £15m pm. As you can see, once you prove the mine, PREM mc will increase significantly... at least double imo.
Once loan repayed... PREM become a profit raising company by circa £15m per month = £180m pa. This for me is minimum worth a £500m market cap.
Add in other assets and pilot expansion to further bolster SP resilience.
I suspect there will be some difficulties in ramping up the mine, but you get my point. It looks good.
Even if you tweak my numbers for a negative view... Profit is still easily £10m+.
All IMO and i welcome people to healthily challenge my numbers. And i say healthily, please back up any comments with reasoning.
J

Sorry - meant £15m profit per month... so £180m pa. (forgot to subtract mining costs) :-)
Apologies.
J

Broch - At the point PREM confirm first shipment they will have confirmed the mine works (which is obviously fundamental to profit growth) 5k tonnes x £5k SC6 price - 10% royalties - 10% Suzhou discount - £1,000 operating costs per 1ktonne = Loan repayment... circa £20m. As you can see, once you prove the mine, PREM mc will increase significantly... at least double imo.
Once loan repayed... PREM become a profit raising company by circa £20m per month = £240m pa. This for me is minimum worth a £500m market cap.
Add in other assets and pilot expansion to further bolster SP resilience.
I suspect there will be some difficulties in ramping up the mine, but you get my point. It looks good.
Even if you tweak my numbers for a negative view... Profit is still easily £10m+.
All IMO and i welcome people to healthily challenge my numbers. And i say healthily, please back up any comments with reasoning.
J

Absolutely Snowking. The Chinese buying/building is a obviously known to influence prices significantly. I suspect that the small drop in Li prices combined with increased buying/building will result in a nice bounce circa mid 23. This will play perfectly into Prems hands to further boost their cash, capital for investing and dare i say it... dividends for holders. (ARGH - i can almost feel Daz desperately scrambling for the keyboard... lol, sorry Daz mate)
I also think the lower supply prices will result in a buying influx. Manufacturers will lap up the lower cost materials, this in turn will result in the depletion of reserves, this then leads to a sharp increase in prices... hence my view of a bounce.
Enjoy
J

Well, we quietly drift ever closer to kickoff and the SP bounces around the .48-.52 range. Strange time as an investor just waiting patiently for the next news, whilst knowing what’s being built, crossing fingers we remain on track & on budget.
Everyone who is in, obviously expects this to do well once we confirm the first shipment. I suspect 1p SP April time once this news is confirmed. 1.5-2p end of year assuming no buy out. (All imo) Loan should take circa 4months payback and then we will see true value start to take shape.

In my experiences with PREM there are these very random days where SP will do 10% followed by another. I expect some will get caught out when this happens on the run up first shipment.
Maybe the Li3 Resources RNS George promised us will help bring this on…. (Ahem… George…)
Short term lith price drop imo. Every podcast and expert I’ve talked to and heard from is saying the same thing. Price drop is temporary. The supply gap is widening and therefore prices will remain high until late 2020’s. Little to no risk of sub 4.5K per tonne contract prices…. Which is stil hugely hugely profitable.
Too hard to assume anything after 2028 onwards.
Exciting times, just kinda wishing the SP would reflect my excitement.
Good luck to us all. It’s coming… just a few more weeks. The patient will be rewarded handsomely imo.
J

Calm down…. Next to no volume, low number of trades… MM’s playing games until RNS. Be patient
J

Agree Acker - I think Zim are setting themselves up really well here and fair play to them.
J

https://newzwire.live/a-small-african-country-banning-all-lithium-exports-not-quite-here-are-the-facts-on-zimbabwes-new-law/

J

I agree RR. Very exciting weeks ahead.
J