Member Info for Jenkoo

understood, you comment reads as fact rather than your opinion so just wanted to clarify. Thanks
J

Hammered - What is Peels selling price please?

Best Tweet yet, fantastic show of the progress and these tweets will only get better.
J

Happy/ Acker - I seem to remember GR stating early on that they contracted the additional x4 drills to expedite exploration to support the pilot. I suspect these have been ‘offhired’ given we’ve scaled this operation right back and and had a backlog of assays.
Furthermore, GR stated in an interview he was continuing to drill the main orebody at the Zulu boundary and even suggested it was slightly outside of this area. I remember he stated the boundary was not a hard line between Zulu and EPO and there was some leeway. I therefore suspect both drill are in this area, but of course, only Prem can confirm.
J

Roger - 7th September RNS states 3 paragraphs which caught my attention:

RNS:
‘For the six-month period to 30 June 2022, the Group generated revenues of £178,502 and recorded a loss after tax of £636,798.’

—I assume based on this, cash burn is circa £136k per month. Would you agree?—

RNS:
‘On 30 June 2022, the Company announced a capital raise of an additional £1.5m by way of a subscription for ordinary shares. Cash balances as at 30 June 2022 were £1.5m.’

— I read the above statement as saying they had zero money at the end of June, and the cash raise saved them from going into Debt/admin. £1.5m raise should see them into Q3 2023 at current burn rate—

RNS:
‘Overhead spend remains tightly controlled to conserve cash as the conversion time for prospects to become customers has taken longer than expected’

— I noted they did not mention why things were taking longer than expected —
J

Thanks Daz. Bougouni Was the reason I started building a position here many months ago. I can also see the diligence being undertaken by the BOD and looking forward to seeing how this one develops. In the meantime, I continue to add here at these bargain prices and await the news on DMS and finance in the coming weeks.
ATB
J

Splat - whether it’s a pilot or not, it will produce spod and therefore produce it will. Unless your informing me KOD will be producing Spod in Jan 2023? Did I miss that RNS?

Daz - you strike me as a wise, cautious and well informed trader. I can see your point that Prems pilot won’t be comparable to KODs plant but I’m sure you can see my point that Sentiment if firmly in their favour currently which will bring investment here when gains have been made.
Conscious I’d rather not say too much on other companies as it tends to bring some hatred (such a splat) but even so, I can see it benefitting KOD pal.
J

Daz/Wolf - I personally believe KOD share price will benefit from PREMS success next year when investors jump from a high flying PREM sp to static undervalued KOD sp. Likely April/May time.
KOD has a bigger known resource but is slightly behind PREM going into production, so as people jump from the early winner to KOD, sp will be given a boost.
GLA
J

EU reaches deal to ban sale of new combustion-engine cars by 2035.
More pressure to the Supply-Demand gap
J

Roger - yes you ask a very good question. This is one of a few glimmers of hope. Having said this, I would expect if any Directors are buying shares because of information that could affect the SP (eg paragraph Success), they should absolutely be sharing said information via RNS… not taking advantage of holders and job role privileges.
J

Roger - unfortunately no liquidity in this so small trades affect the price due to wide spread.
I think this will be bouncing around 0.5 to 0.8p range if no positive news in the next month.
I will look to enter in this range but any investment here is more of a gamble than an investment. Any increase in SP will be driven by the promise of revenue rather than actual revenue given BOD can’t deliver.
J

Profit, rough revenue for 5k tonnes per month @£6k/pt = £30mil/per month.
Divide by circa 4 weeks = £7.5m
Appreciate its Quick and dirty maths.
J

Profit - GR stated they were working really hard in all areas, and i think the tweet this morning reflects that. Not only are PREM on track but they are 'ahead' of schedule. Think about it this way - for every 1 week PREM are early its equal to circa 7.5mil in the bank!
J

Agree Acker. Im seeing a vast increase in social media coverage too. Suspect we will soon see a lot of new names appearing on this BB along with a hoard of day traders. Im personally pleased the rise to .4 has been strong and steady providing a solid base to push SP upwards.
J

Thanks Alert. I can’t believe just how much is coming together all at the same time. You literally could not write a better scenario.
I predicted a 10% rise this week on no news and I expect it to still come in over these last couple of days.
J

Thanks Long-John. Will take a listen
J

Given Prem continues to follow the expected project plan and the BB is relatively quiet and content … I thought I would ask if anyone can recommend any interesting investment podcasts. Thanks in advance.
J

Quiet morning... Could be quiet a day.
J

Think we will see a strong close to .415
J

Very true Aim. Could be a tactical play from GR.
J