Member Info for Jenkoo

Jaguar - Really interesting that we are hearing of all of these gigafactories being planned..... i wonder if any of these have supplylines agreed as per the youtube video posted earlier?
Would you build a Gigafactory without knowing you can guarantee supply of raw materials?
I simply can't understand where raw minerals are coming from...... Giga Factories may take 2-4 years to build, yet large mines often take 6-10 years and we already have a supply/demand gap!
The supply demand/gap is only going to widen IMO. Lithium price wont drop much from here between now and 2026
J

Good article…. Thanks Snowking and JG. Exciting times ahead
J

Good links. Thanks Acker.
SP is rock solid and holders holding with strong hands knowing exactly what we hold. So much good news in Zulu alone nevermind Lithium Resources JV which i suspect will come alive 2023
J

Great to see the kit arriving. With every tweet that evidence steps forward, Prem are reducing risk everso slightly.
J

Btw Prem account for 70% of my portfolio and I am very bullish on prem for 2023. Imo .56 offers a great entry price at the stage of build we are in…. GLA
J

Pb6 - to clarify, when I talk about the penalty of delays I am referring to a contract between Prem and Suzhou not gut feeling.
I also mentioned I expect some delays in getting up to full volume because:
1) mining is not straightforward
2) relies on many people from many companies/countries
3) allows me to manage my own expectations

Prem are in a wonderful position and the closer we get to producing that risk reduces. I’m very pleased with the position of the company right now and ‘on time and on budget’ is a great position to be in, but imo it would be silly to think business’ won’t do business as per a contract, and suggest otherwise to other holders.
J

Cos - I agree it is likely Prem May experience delays and the concentration of Spod (if proven) will negate some of this risk.
In my mind, I’m set for a slight delay resulting in prem paying some interest on the loan as per the agreement.
All in all, risk profile looks good against reward.
J

At the risk of now sounding desperate…. I think there will be an RNS today! Haha
Come on GR, I want at least pics of mining equipment delivery and pilot update. Even better some Assays. Even better an interim RUS.
J

seems strange they would ask you not to share something Alert.
J

I’m in the same position Profit. Surely it will be shared afterwards on YouTube for all to watch.
J

FYI - My Buys showing as sells this morning on LSE
J

It’s bad enough I have to listen to my wife moan and whinge…. Come on gents, keep chat to Prem not any one individual.

Anyway, looking forward to a busy week in Prem. Surely an update on Assays and pilot build this week. Maybe an interim RUS, at minimum pics of mining equipment arriving at Zulu.
SP holding very well in current market conditions which bodes well for the next step up. Well done holders.
J

Interestingly there isn’t much ramping on this BB.
I tend to see this as a clear sign that it doesn’t require it, given the fundamentals are so strong.
The abundance of Prem drift is another indication sticky hands clearly see future value above todays mc.
‘Hold for gol….. lithium’
J

Also, if I can just point out that PREM had a SP of 0.02p before it was awarded Zulu claims for exploration. The SP rocketed when they claimed the rights to explore… without even drilling a single hole!
They are now in the delivery of a pilot and SP is .56p
My point being, CLON are openly telling investors they want to get into the lithium game and we are in the comparable position that PREM were in at 0.02
Very early, risk involved, but getting in this early could have huge gains if a mineral claim is awarded.
And why wouldn’t it be as it’s in everyone’s interest to make £££
All my opinion. Not advice. DYOR… etc
GLA, especially LTH’s who deserve some luck here.
J

Canary - the lithium JV is agreed in principle and DLE is an exciting new tech. All African nations are pushing the extraction of minerals to help their country development, so I don’t think it will be long before the JV rules are stated.
I emailed CLON over the weekend to extract some more information but have not yet received a response.
Lithium is red hot right now and rightly so given the widening supply demand gap. It’s also worth noting that the last RNS stated Australian funds were available for a pilot and the company was exploring new prospects.
I’d love to know if this includes Spodumene and Petalite because if there’s any whiff of getting a claim to Spod the mc will x3+
There could be a raise or 2 required but my gut tells me that focus would be on DLE JV on the medium sized ponds.
Other projects may have stalled over time leaving investors rightly frustrated, but if the DLE pilot is agreed there should be a nice reward on SP.
J

Could be another quiet day today. Expecting an RNS Friday as we are overdue an update it feels.
As long as SP not drifting, its consolidating.
J

Agree that was a little strange Alert.

Jaguar - With a clear path in 2023 towards Pilot 1 commissioning and Pilot 2 build along with the prospect of further EPO exploration and Li3 Resources exploration likely to share plan/results, I would suggest definitely not before 2024. Wouldn't be surprised by a SP of 2.5p+ by end of 2023 IMO.
J

Agree Snowking. EU need to wake up, quickly.

Does anyone have further context to the article?
Thanks
J

Is anyone able to read this article? I can only see the first paragraph

https://twitter.com/premafrimin/status/1594679863486681095?s=46&t=OjfFZIH1POI_im0yAPsMsQ

MD80 - see my earlier post. Also precedents set with Granite. I’ve emailed Prem for there take too. No reply as yet.
J