Member Info for Jenkoo

I had a little topup at .29 this morning.
J

Starting to see '#PREM' popping up on a lot of social media channels too Acker. Word is starting to spread somewhat.
J

Really interesting times Steward. I personally am trying to manage my expectations a little to avoid any disappointment. I think if we get good drill results announcements in 2 weeks that alone will be fantastic (in particular the area of the pilot)
Even if the decision on a pilot mine take another 2-4 weeks then I’m absolutely fine with that should it be communicated that way.
Looking forward to this. I sincerely hope those that held will be rewarded both in the near and far term.
J

Nice research Profit. Thank you.
This also ties into what Snowking mentioned the other day which was that a pilot mine could produce 3 to 5 tonne per hour which is circa 1,800 tonnes per month based on 12hour producing. based on 5tonnes per hour that’s 1,800 tonnes per month or 21,600 tonnes pa. Not far off Cornish’ 21,000 tonnes.
Ultimately even producing 3 tonnes per hour means revenue which is a major milestone for Prem.
Any profit should be reinvested making the mining and exploration grow and grow.
J

It will be nice when we see a video like this with ‘Premier African Minerals’ written all over it Degrasse!
I was hoping to top up this coming week at .26 but the way things are shaping up I can see SP steadily increasing throughout the 2 weeks.
Top up at .3 it is then.
J

Thanks and agree. I’m expecting Suzhou to increase their offtake agreement to 100% within the next month, once GR compounds all of the results and the direction of the plan outlined. In my mind there is no way Suzhou would let a competitor get their hands on the remaining 50% with demand being what it is and once good drill results are observed it completely de-risks the next stage of investment for Suzhou.
All good for prem.
J

Interesting numbers to mull over Snowking. Thanks.
In your opinion do think:
1) Prem will mine the pilot funder by a partner
2) Partner will mine the pilot on PREMs behalf, taking a share of the profit or getting the minerals at a reduced cost if they plan to Offtake.
3) Prem will sell Zulu for tidy profit and focus on EPO exploration.
4) something different?
J

I have to say, of all the tweets and snippets of info we receive… this tweet is my favourite.
It doesn’t just show a drilling at night, for me it shows so much more. It shows a clear step change in PREMs desire to expedite plans. It shows the Chinese have pushed prem to aggressively find ways to bring timeline’s forward. It shows GR is executing a plan that he said he would. I think this tweet is fantastic.
J

Could well be. Looking forward to the next few weeks then!
J

The only thing I can’t get my head around Horult is the 2 weeks.
He said we need 2 more weeks to drill in the formation planned. If that’s the case, then I would have expected another 2-4 weeks to get the results assuming we expedited them alongside the backlog.
Anyone suggest why I might be going wrong with my lack of understanding (of the plan that isn’t a plan)
J

I think your right Shiny. This reminds me of when the SP was .17 and we all knew where it was going. Once the market caught up we obviously rose to .5 very quickly.
J

Pretty sure we will see .4 in 2 weeks time.
Once RNS released the market will make its judgement accordingly.
J

Steward- I get the feeling if more people were aware of the interview and importantly what was being signified by GR, I’m sure we would have seen a reasonable rise in the SP.
I agree we may see a rise next week but in particular the following week in expectancy of the RNS
J

I do like it that regardless of the detail, most agree this SP will end up North of where it is today.
I personally will be waiting for SP to drift to .26ish and pick up some more. The Chinese rocket up GRs bottom is lit and we await confirmation in 2 weeks of liftoff.
J

Tomorrow has never been so close Acker. The minerals on our claims, high mineral prices, hugely backed partners, financiers, high demand etc … the chances of a major breakout are no longer pipe dreams…

I appreciate the origins of your scepticism due to previous burnt fingers and I agree we can only start to get real confidence when results and plans are announced alongside timescales.

Let’s see where we’re at in 2-3 weeks. This is the real test now for GR with the Chinese sat on his shoulder whispering in his ear…. There’s no way the reformation of drills on Zulu was not Suzhou’s request as part of the deal… with the sole interest to get it mined (who mines it is a different story!)

Gla
J

Based on a couple of weeks we should expect an RNS of a plan week commencing 16th.
If this happens and meets expectations I will be much more excited.
SP rises upon open tomorrow imo. Hang around .3 - .35 for a couple of weeks
J

If GR put some of these near term goals into a formal plan with timelines the SP would rocket imo.
J

Surprisingly pleased to hear some of the content but why dear god he can’t share the plans more often il never know.
If pulling all the drill results together before sharing is the plan, then just let shareholders know!?!?
Maybe don’t let them wait 9weeks with no news.
Biggest positive for me is that the Chinese are clearly pushing GR into a plan he’s claiming his own.
Acker - I agree Zulu will be sold which is the correct decision
Bick - thanks for the questions, some clearly got through
J

Not looking good for an RNS here. No SP movement
J

2 in a day!!! What a treat!

https://twitter.com/premafrimin/status/1519657204391059457?s=21&t=pCfeWP43xvWrm4cwg0g_BA