Member Info for Laverda

Hasiba, Prem is most definitely not debt free.

Why do you think everyone was so concerned that Canmax would call in the loan?

Read the new agreement when it is signed properly and fully understand the detail.

Jenkoo, nice to see a more level headed attitude to the situation.

The billion dollar crazy posts with no jorc, no DFS and no lithium clarified in the bags, no lithium from the pilot plant, is frankly insane.

In the take it or leave it finance rescue package to save Prem, hopefully it will be signed up soon and all can see the detail of the new terms.

Plus it would be good to see some lithium.

First step find some lithium and mine it - to date absolutely none from the little pilot plant.

200 bags, if they contain lithium, will return around 600k net. Nobody is going to value that at a billion dollars.

Best try and get off the first step.

No jorc, no DFS, billions at this stage is just a fantasy.

Iky, you would like to think so, but the results will speak for themselves.

Aimis, more detail is required 'adjustment in the pricing mechanism' is not clarified, q&a may capture this sometime down the road.

First things first, are the bags full of lithium or just soil.

No lithium in any RNS yet.

No matter how positive you are.

Should be an update soon.

Good news that there is going to be a deal.

However they still have to find lithium, currently the total is zero.

200 bags would be ok with a market cap of 200k, but Prems is nearer 200m.

Second RNS should be due soon to give an indication if there is any lithium.

Https://www.proactiveinvestors.co.uk/companies/news/1017089/premier-african-minerals-rises-as-canmax-commits-to-deal-1017089.html

Gazza a multi million dollar company you are not invested in and a plant you do not own.

Waiting to find out about lithium in the bags, first is there any? Second if there is what is its value?

Some reality needed.

Gazza derisked is when you have an identified resource, a jorc normally, then go through to a DFS/BFS.

You have none of those.

It is most definitely not derisked and most definitely there is no proven resource.

That is the purpose of the pilot plant to prove lithium in the small claims area, because of artisan workings you can't prove a jorc or DFS, then fund drilling from the pilot plant to assess the lithium on the exploration licence area.

Hopefully you can move forward from the current stage to prove a resource.

You firstly need the results from the bags, the quality of material in the bag dictates the revenue received.

Money, hatred from who?

I think the plant is very interesting and I am looking forward to Pilbera going into production with similar technology from a different manufacturer.

Stuff like this is good to get your head around as it may crop up in another share with a different material in the future.

Money, quite simply if that deal proceeds, you can keep the lights on.

That is it, nothing more.

Then back to previous stage, what quality of lithium comes out of the small claim license area, what quantity is on the site, can the new lithium technology pilot plant work consistently and reliably and then ultimately how much net income per month can it return.

All of that goes okay then on to the next stage, start funding drilling on the exploration claim and see if there is lithium.

And on from there.

Merc, I am pleased for the shareholders that Prem lives on. Hopefully it is signed up and not the end of the road for them.

Good news, as long as it is signed up, it is not the end of the road for Prem.

Waffen - prem only have days of cash left and nobody seems to know if the pilot plant has produced lithium.

The CEO of Prem says that the output from the plant has to fund the project.

But you say this is a joke?

Please share with us where this cash will come from?

Dazed, there is no Kod v Prem.

What there are is a load of ramping groups, trolls and nutters flitting between boards, doing what they consider fun.

There is nothing wrong with anyone coming here who wants to talk sensibly, it is an open forum, likewise on any other board there is nothing wrong with going there and discussing reality.

There is also nothing wrong in quiet times talking about other relevant shares, for instance Pilbera and Prem using new sorting technology, it is interesting and relevant, it increases knowledge.

However when trolls and ramping groups ruin boards it just makes posting pointless and it will eventually be the death of the chat.

Some other shareboards are like graffiti on toilet walls. Those people are appearing on this site.

Even if they seemingly support a share you are invested in they should be stamped out by everyone. Some trolls are smart and will be difficult to get rid of.

The rampers come in with philosophical well written garbage and the nutters type like children.

It is a chat board about shares and the companies and industry they are in, as long as it stays on theme and reality there is nothing wrong with wherever the chatter goes.

I am genuinely interested in plant so likely will appear on Pilbera, ATM and Prem boards. If I were a multi millionaire I would collect interesting machines, not vintage cars. Just for your information. Also obviously interested in companies and shares.

All boards need to keep getting rid of the trolls.

Very happy Dazed and confused for you to point out anything incorrect in my post.

You are welcome to share your plant experience with us.

Jenkoo, exactly Prems immediate problem as I see it. Cash burn and little time left.

Additionally I do not believe that the plant has not been sampled every day to see what it is producing. I don't know of any plant which operates and then at the end they look and see what the results are, waiting for the data and continue running the plant, burning cash.

Which begs the question, why no mention of small samples taken throughout production? That would be positive news.

I think the pilot plant will work perfectly as a pilot plant, adjustments can be made over time to see if it can recover a good quality end product.

Trouble is Prem needs the end material from a pilot plant to fund the business. There lies the problem.

Also you have to ask, Prem owns virtually nothing, no jorc, no DFS, no plant, so where did all the cash go?

Cash to keep going and having lithium in the bags are the two massive hurdles. Canmax after that.

The lab needs to hurry up, meanwhile what little cash is left burns.