Member Info for Jenkoo

GR is on it as we speak…

https://twitter.com/premafrimin/status/1525094523759730688?s=21&t=CKkwVaN2FjtPAOraSz2LRA

Very negative today chaps.... (said with a very slight hint of sarcasm)
I do however think we should give GR renewed faith given that we have Suzhou at hand. Call it a last chance.

Yes yes, i know people have been let down before blah blah.. i get it. But we are undoubtedly in a position of great opportunity with huge financial and experienced backing whilst finding ourselves in the middle of a spodumene market perfect storm, sat on a potentially millions of tonnes of the stuff .
If it was every going to happen, its now. Time to put on our big boy pants and give GR a few more weeks to deliver what we want. Plus, its Friday and I'm out on the lash, so feeling very positive about it all.
Have a great weekend everyone.
J

*huge amount of samples

Bick your exactly right. The content on the RNS is hugely important. As a minimum I expect core results from a large proportion of the investigated pilot area.
Im hopeful we get the definitive confirmation that we are to proceed with the pilot, but I would accept it if GR informs us a further couple of further weeks is required to finalise the pilot details after review of the core samples.
If we do not get core results by end of month, I would be left feeling like GR is holding back important Information relative to finance as he must be holding information on a late amount of sample results by now.
Likely an RNS next week. Imo
J

Can't wait for the pilot mine decision to drop... SP re-rate will be awesome.
J

Agree on that one Bick
J

Johnny, please don’t get me wrong I do understand your frustrations based on GR’s history with delivery mate
J

Hi Johnny, I respectfully disagree. The comment directly before mine ‘promises’ info by Friday…

If GR is finishing the drilling in the pilot area this week and making decisions on the pilot mine thereafter based on results, I expect an RNS at this immediate point given information about the pilot mine is required to be shared as it impacts finances.
The pilot mine plan is based around the results of the drilling.
The plan he has now is not a finance impacting plan, but it’s still a plan that allows us to get to a ‘finance impacting plan’
J

GR has shared his latest plan which is more than usual.
He said 2 weeks…. It’s not been 2 weeks yet.
Let’s a chill, sip a single malt and wait patiently.
We all see good things coming or we would be out.
If it takes a week longer than we thought then so be it.
But we have a plan and some decision points. If we have not heard anything 3 weeks from now I will be frustrated too, but we’re not even at 2 weeks yet.
J

JohnnyPC - I agree that this is less to do with general markets. If anything shares relating to minerals in demand should be more attractive to nervous investors.
Personally I feel RNS will land end of next week on drill results and pilot, likely Friday. I just hope GR doesn’t let us down as it feels (and hopes) like we may have turned a corner with Suzhou’s involvement.
J

Watcher… I suspect it’s a similar reason to why this BB is quiet this week. Prem have outlined a ‘plan’ and there’s nothing more to say or do than wait to see if GR can meet his own expectation.
I personally was expecting a small rise this week in honesty, but heyho,
J

Sorry, copied wrong link.

https://twitter.com/premafrimin/status/1522511248528654339?s=21&t=_NKg0Q1gmTU5mHnJxY3wSw

Not one of the newer rigs…

https://twitter.com/chuggley1/status/1522512749913329665?s=21&t=dRf4MF2fEgEKCRMHSZxgbQ

Cant believe the market hasn't caught on yet. Share price is an absolute steal!
Well done to the newbies. Welcome aboard the rollercoaster.
J

Relating the Fore-mentioned takeover:

‘The company said that the total consideration of the target assets under the transaction is RMB7,682,124,435 (~ $1.2 billion), of which RMB4,897,332,050 (~$741 million) will be paid for 100% equity interest in Jinshi Mining, which holds a 70% interest in the Lakkor Tso Salt Lake lithium mine’

Therefore the stated cost was to buy the company Jinshi not just its assets. I do agree to your point ILOVElithium, that a company buyout must be on Chinese minds. All the more reason to get the SP up to derisk for holders.

We need to be clear to investors though, that this discussion is based on other market examples and Prem have not been directly linked with a buyout of any kind with the exception of GR saying everything has its price (or something to that effect)

Thanks for sharing the info ILOVE
J

I agree they may take this approach, but why do you think this is more likely to happen now. Have you read something to suggest this or just going off other claims/sales?
Calculating the sale without knowing size and quantity of the resource is beyond me Wolf.
J

Wolf - I wouldn’t like to make any suggestions until the DFS is complete. I think the bigger question is: will Chinese attempt to purchase Prem or Zulu?
Second question: would they purchase Zulu to build the pilot or wait until DFS is complete and pilot producing to allow for better understanding of value.
All of the above questions assume a sale of some kind, however GR was originally set out on mining not selling.

We also have to remember that if Suzhou/Chinese delay a purchase of any kind, spod prices and demand will have risen and therefore so will asking prices.

It’s certainly an exciting time.
IMO any purchase will happen this year. My only hope is that GR doesn’t try to do the pilot without serious help from a.n.other
J

Will happily take 5% rise each day.
Keep drilling George… we’re expecting results in just over a week.
J

Had to laugh at that one Bagpipes…. Mainly because your right! Haha
J

Up 7.6% yesterday. I think we will see an increasing SP trend line throughout the 2 weeks and the volume pick up the later we get.
What are peoples thoughts on where SP is likely to be mid/end of next week pre-news?
I’m guessing in the region of .38 to .45
J