Member Info for Jenkoo

Partitioning any lack of confidence that holders have about the ability to deliver…. Right now Prem are in a fantastic position (the best ever) and holders have a great deal more information than ever before. We even have the outlines of the plan of what the next 9 months look like, which we can hopefully track progress against.
Fantastic July. Well poised to take advantage from here.
Will this be the market catalyst or will this come later once confidence is gained we are on track for March… one thing for sure…. I’m not predicting it. GLA
J

Happily sat eating popcorn reading the comments…
Love you guys haha
J

Daz - as you’ve eluded to many times… until prem get it out the ground… it’s not worth a lot…. Furthermore they don’t have the money to even try get it out the ground.
Therefore ‘potential’
Regarding the leverage of other numerous parties… your assuming they were offering better than Suzhou right? I’d say wrong or GR would have gone with them.
I own a gold bar that’s locked inside a safe which I don’t have a key for… guess what.. I can’t buy a Ferrari.
(Ps laughing at my own crap analogy but you get the point)
J

Furthermore, we can only assume this was the best offer… at which point you have to decide, this deal or nothing but potential.
J

Regarding the deal with Suzhou that many feel was a bad one… it’s important to remember that Prem had no physical leverage walking into that agreement. Every company they would have spoken to would know that they can not possibly go it alone and therefore PREM must give up something important. I mention this not to say it was or wasn’t a bad deal, but just to offer perspective… prem came to the table with nothing tangible, just potential.
J

Has any StockBox interviews been released?
J

Thanks both. It would be interesting to hear the GR current strategy. Would it be primarily to focus all Lithium profits to repaying the mine whilst using the tant/rub sales to build accounts and invest in next stage, or cream some of the profit off all three resources equally to use for growth.
Personally, i would be happy to make no profit early on, and get ahead of the Suzhou repayments to ensure we don't get impacted by delays such as heavy rain fall.
Not that i expect to find out the above. just sharing my thoughts.
J

Does anyone know if Suzhou offtake Tantalum or Rubidium?
Guessing this would be an alternate offtake agreement which will be set up after stockpilling and inspection of quality…
J

Radika- I believe SK is saying that in circa 9 months we will be producing for Suzhou… rather that in the next 3 months or so. I would suggest next month is all about getting the contracts signed (as mentioned in RNS) followed by 5 months or so of building mine such as clearing top soil, bringing in plant and equipment, processes, etc
Truest exciting time to be an investor. I genuinely wish I had more cash to invest as I see Prem being in such a good position not just 1yr away but truly brilliant in 3yrs and beyond. I’m in for the long term. As we said EPO isn’t even being discussed properly and god knows what’s in there
J

I know this doesn’t give a definitive answer to the deal but it does give an idea of timeframes and possible deal setup.

https://twitter.com/premafrimin/status/1540219685421064192?s=21&t=iPk8e5h5qRlfPwr-sFZWbA

My take on the deal is : current day SC6 prices - costs - discounted percentage = amount to be paid off the loan.

With this statement in the tweet ‘present SC6 pricing’ I would suggest the discount is based on a percentage rather than a fixed cost per tonne.

Other take away is the commentary states pre-payment paid back within 12 months…. Not 6…. Not 2 etc. do the maths on say 11months and I think you get to what Prem will be paying back each month.
Or I could be totally wrong! Thoughts????
J

Snowking - firstly, thank you for sharing what you have over recent months. The content of your predictions have been good, particularly about mine build q1 23 when most thought not possible.
Secondly - what are your thoughts on the risk management on Prem hitting March and first shipment. I would hope GR has a contingency in his plan to absorb delays etc. in my mind, a March deadline would mean a ‘happy path’ plan would result in An ‘end of Jan’ shipment with Feb March as contingency to absorb delays.
Am I also right in saying, if the deadline is missed, we pay interest on the whole 9months not just what we got over by?
Thanks
J

Tygra- 3 years??? Take a read

https://twitter.com/premafrimin/status/1540219685421064192?s=21&t=iPk8e5h5qRlfPwr-sFZWbA

What would you have done Tygra… I’m keen to understand how you could have harnessed a better deal with the Chinese and only a few mil in the bank…
J

Daz - u got to be kidding mate… I must have this share all wrong.
Next thing, You’re going to tell me lithium don’t grow on trees haha
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Speel - im hoping for a more organic SP growth from here given we did not get the massive leak followed by hype. We have the foundations for that to happen now, and hopefully the Assays and Proj plan will continue to add to holder confidence and entice new investors. GLA
J

Go bore off another BB Invfun... your deramp to buy in is poor. The SP today is already a bargain V's 9month projection. Stop moaning and get aboard or get lost.
J

Good summary Bick. I also winced a little when I read the 'securities' paragraph given Prems previous history of hitting deadlines. It was also fully expected as no company (suzhou) would pass on £millions without securities and given Zulu is the asset in question it makes sense. Like anything, no risk no reward. I suspect many people will be keeping a very close eye on Prems road to March23. I only hope we are given updates often and a mine build schedule to cross check against. SH's will want to manage risk over the course of the next 9 months for sure.
Overall, really pleased. With the assay results aside, it was as good of an RNS as could be expected.
Looking forward to end of year results and assays and project plan
J

Expecting a few people to apologise to SK today then…
J

Bloomin frustrating this one. Trying to be patient but confidence in ‘great news’ is starting to bleed out a little.
I have full confidence in the resource, but my main concerns are around:
1) why no core results despite them having a direct impact on SP.
2) why a deal has not been struck with Suzhou for pilot finance
3) GR and his communication to holders.

I worry things are not going so smoothly with Suzhou as we’d hope, or one is playing the other by influencing things such as release of information.
Holding for at least another month as average is around .21
Not a lot else to speak of on here atm due to radio silence
J

3 trades in nearly 30 mins…
J