Member Info for LuckyLuciano

The story goes like this.
Buy low and sell (or not ) high.
Banks shares though, are a completely different kind of investment proposition there days and although they still represent a trading opportunity, in the long run they loose money, even compared to the very interest rate rise, that should increase the sp.

..bets bit.
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sliding into a vortex of Greece-like decline.
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skier1
you're starting to talk like a banker....

Right we are entering philosophic economy, creative accounting or even the law of relativity considering that the speed of light might or might not be exceeded.
The fact is that these people setting BoE rates and worst the Fed geniuses, get payed for doing so.
So in the end all they do is to take an average out of a mathematical model (which is not called the market by the way) and set the rate.
Therefore why should they have decisional power on a automatized mathematical information? Is it because they can predict any fart effect out there?
I suppose the conversation starts from the very concept of, what is interest rate, and is not a philosophical one.

This is no butterfly effect, is a chunk of money disappearing from the system, for the benefit to screw up the economy and create assets dislocation and even wars around the world.

I wonder after all these years of experience and knowledge, been at the helm of the BoE, if there as ever been an opportunity from our economy leaders, to produce a software base mathematical model, able to produce an answer on what should be the BoE rate, accordingly to the many economic indicators, including inflation of course....
I am starting to suspect that actually a world mathematical model not just for a country, could be created, in order to control inflation and automatize predictions on future price changes or bank rates.
Then again, can you imagine the queue at the unemployment office, if all those high finance dignitaries would become obsolete ?

...and finally from me on this tread.
I want to apologize for the title of this tread "I am out"
It possibly create some negative sentiments on Prem, and that was not my intention....maybe I should have comment on my decision somewhere along the line of another post another tread.
This is my last comment on this tread....

https://www.argosyminerals.com.au/announcements
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Above for those bothered to read about a company that has a pilot plant and is expanding.
Pl don't jump to conclusion by comparing this company with Prem. They produce Lithium carbonate, not spodumene conc. Also their resources are brine deposits, third they are Australian (different metrics of valuation and different investors crowd).
One thing to note though is that these days, more and more I came across miners that a focused on lithium production only.

Such negativity is not warranted. IMHO. The Chinese will be in the mix and they get things done
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Indeed my is just gut feeling...Even I formulated theories that GR is pushing the envelope of pilot plant, to force the Chinese to bring more money on the table and get fully involved for a proper mining project.
If that is the case it would be a master plan.....
Mind you looking at GR track record it seem the guy never build a mine ever, same for the rest of the board, meaning that they will need to bring on boar someone with that kind of experience....
Again I am sure the Chinese didn't get involved just to build a pilot plant, but going forward is anyone guess, not for me.
Maybe GR is just happy to get the £12million, make some rumors about a pilot plant to rise sp, then sell the lot and retire.....I mean the guy look 90 years old to me, possibly senile...

Didn't like the interview....I am not in the business to second guessing, what the guy I gave my money is going to do....
Beside didn't like GR as a person, he came across as someone with a short term business mentality, wheeling and dealing kind of type...
Lots of politics and conflict of interest behind the scene here, meanwhile the mine and the reserve/dfs is not coming...
Indeed looking at the profile of Prem with so many project up in the air, one would think why till now none as come to fruition.
On the pilot plant:
I live my chair of this board to Snowking, the guy with the funny sense of humor.
But pl just check your fact before shouting out that Prem is a fantastic investment...
For example make sure that the "spodumene" they are talking about for pilot plant is the one coming out (spodumene concentrate) and not the one going in (spodumene ore).
Wouldn't be funny if it was the opposite?
But I know sorry you are a geologist with years of experience in mining operations right?
Sorry couldn't resist.
What I see is that all this misunderstanding and guessing comes from one source, been GR...
After getting to know the guy, and fortunately been at break even with my investment I decide to
run, there are so many better options out there especially on the lithium space, and especially is one can invest in US, Canadian and Australian market.
Bye bye and sincerely, I wish I got this completely wrong, and you make handsome returns on your investments.

The only good logics of a pilot plant, is if drilling gets scaled down and therefore cash is redirected, in to some sort of study for pilot plant. The fact that GR promised a new resource definition so early in 2 weeks times, make me think that this is their intention.....Initial drilling campaign was for 20000m, they have only drilled a third of it, also due to bad weather etc...these results integrated in to previous historic drilling could be enough for pilot plant start up.
Then it is true that it would create shareholder value and therefore, further financing for expansion will be done at much higher sp, but sooner or later, a DFS, proper permitting and higher definition of minable resources in to reserve need to be done, there is no other way....

Snowking
without going in to numbers, pilot plant news will do good to share price. But long terms and especially with a decent minable resource base, a proper mine is the way to go.
IMO

The other reason for pilot plant is because actually the Chinese DON'T WANT IT, (huge lithium company don't need small pilot plant) hence they (the Chinses) will be forced to bring soon more cash on the table to go for proper operation. One positive is minable resource definition in 2 weeks time ( make it 3 .....) but soon. that is good.
On pilot plan I think GR is testing the market and the Chinese....will see.

As if he thinks that dfs are money wasted, but without it ,there is no mining no proper operation. Anyway before all that drilling results and identified minable resources, but without pilot plant that may not bee necessary

In my opinion short sighted decision...

it depends on who much it cost and how much it produce....
but in the end if you what proper production, you need to spend the money again for proper concentration plant...
Only positive could be if you need lower easier level of licensing permits....

Why his talking about large pilot plant?

He surely like to talk a lot.....

https://www.youtube.com/watch?v=0y3nYLMCnWM

After reading almost all company rns since 2020, I have managed to find out the extent of current drilling campaign, been 20000m. Have to say I am not happy with erratic communication from this company, and the fact that GR often in his messages, tend to emphasize on how the price of lithium concentrate have improved of recent, as if it was down to his personal skills and abilities. I now start to see why some here criticize the guy and have become skeptical of Prem future...
Then again... recent updates talks of another 3 rigs starting drilling since Feb. for a total of now 5 rigs.
Weather permitting more drilling and results should be coming tick and fast...one hopes.
Also the Chinese getting involved with a man in the ground, may make the difference helped indeed by the fact that Lithium price has decidedly improved since 2020.
I will wait another couple of months to see if drilling speeds up for a dfs... But yes kind of agree now GR smells funny.

Horult
I feel like they kinda missed a trick in the photo by not using a battery powered drill :-)
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I think that drill is not even plug in....better than lithium.