Member Info for LuckyLuciano

Interesting Phillip1976====
…he already has a mine and he can’t even get that producing===
What do you refer to...pl.

On Lithium price is true that not producing anything, makes no difference to sp (sort of) but for sure it easier to attract interest and finance, if what you have on the grounds is valuable..

A little more info on Lithium mining and particularly drilling, which is the next step for Prem before DFS and production.
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https://stockhead.com.au/resources/so-you-think-you-can-drill-how-do-i-know-if-my-lithium-stock-is-onto-a-winner/?utm_medium=email&utm_campaign=Stockhead%20Morning%20Newsletter-04-27-2022&utm_content=httpsstockheadcomauresourcessoyouthinkyoucandrillhowdoiknowifmylithiumstockisontoawinner&utm_medium=email&utm_campaign=Morning%20email%20Thursday%20April%2028&utm_content=Morning%20email%20Thursday%20April%2028+CID_27481d45d4a1d0b2ec4ce3322a08a1ca&utm_source=Campaign%20Monitor&utm_term=So%20You%20Think%20You%20Can%20Drill%20How%20do%20I%20know%20if%20my%20lithium%20stock%20is%20onto%20a%20winner================================

It looks Prem as all the best positive requisites to be a very good Lithium miner investment, I am quite confident that once JORC Resource/Reserve will be done, things will move forward quite faster.....

HERE MORE INFO IF YOU ARE BOTHERED TO READ IT ALL..
https://news.metal.com/newscontent/101819518/5650mt-the-auction-has-settled-and-where-will-lithium-prices-go-from-here

Right...pl not to confuse Lithium carbonate with Lithium concentrate or spodumene.
Also although both carbonate and concentrate are spot price traded, in reality they are sold via forward contract for a specific period of time....
What I am getting out current market situation are fiew facts:
First is that going forward price of concentrate will increase faster than carbonate, note also that to produce concentrate is needed a much lower capex and is a simpler operation, including permitting authorization. In my view specific of Premier and the Chinese entity, future development of Zulu will be producing concentrate (very profitable) for then refining to battery grade carbonate, to be done in main land China.
Another take I get from current commodities market is that "the market is broken"
look at what happened with Nickel and the LME (London Metal Exchange)
due to speculations prices of Nickel (but could be of any other commodity) have risen to fast too high, to the point that nobody buy or sell anymore and the exchange cease to function.
This is why reports from companies, these days gives more an indication of where is the market and the price going...
On carbonate and the tradingeconomic link, yes there could be so easing in prices due to geopolitics and covid, easing in prices is welcomed for the industry and EV...
Mind you carbonate at 471500 yuan is still at very high levels, possibly due to been a spot price, is likely that contracts are exchanged at lower prices...

Hi
As I mentioned earlier, today Pilbara (Au) released quarterly report with adjourned Lithium prices. This market is hot.
Extract from news released below +++++++++++++++++++++++++++++++++++++++++++
Lithium market
• Price of US$5,650/dmt (SC 5.5, FOB Port Hedland basis) achieved under Battery Material
Exchange (“BMX”) auction conducted on 27 April 2022. Equates to an estimated price of
US$6,250/dmt (SC6.0, CIF China basis).
• Strong sales price dynamic during the March Quarter, with battery grade chemical pricing
suggesting another significant step-up in the offtake concentrate sales price during the
June Quarter
==========================================
Second company after Allkem, to confirm Li Concentrate prices have doubled quarter on quarter.
I was reading an article saying that this is going to be the trend, where prices at the bottom of processing Battery Lithium, are increasing much faster now, than prices at the top finished product....
Lithium concentrate and tantalum are benefitting the most.

For Prem right now to create share holders value, doesn't need accountants ( Neil Herbert) but geologists and people with operational experience of how to build a mine. The only one with these reqisite it looks like is Wolfgang Hampel
Non-Executive Director, and fortunately now also Dr Luo Wei, recently appointed.
It amuse me reading of people here, trying to predict day by day sp direction of Prem. In my opinion to maximize investment Perm need to do its DFS and move resources in to reserves, it will take several months before this happens..

News media are playing with this and other stories, including Fed Powel rate rise and inflation.
Earning season is about to kick off, normally positive for indexes and recent holiday travelling was near record high pre pandemic. After initial shock of higher inflation possibly people still have some cash in their pocket to absorb higher costs.
If I have some spare cash I would go on the shopping spree after recent drop.....

Sure Brixton
but for some already have a job is like winning the lottery, even if is hard work.
Then maybe little at the time if one save some money or invest wise (lol) can even retire without need for the system to organize his/her life from the begin?!

Agree...same with Nickel and possibly any other commodity. wild speculations in the name of fee market, have bite back and destroyed the system and its functionality. Possibly one could argue that a plurilateral exchange system was destined to fail from the start. I mean many participants with different cost base of productions, having to sell at a fixed price ? If it really was a free market would be in favor of cheap prices not hipper inflated.
This mayhem all thanks to future trading, what a f@aking great idea....But what get me most is that everybody know what is going on but nobody has the balls to say or do something about it.
I know I wont be much liked in this board but have to say......I admire the Chinese. Their humility and fortitude at the same time is something that, everyone should sit and learn from.
The way they do business and create wealth is great, no wonder they are going to dominate the planet.

..It has to be a conspiracy theory out there, like the Fed in bed with financial market (some US banks). I mean the rhetoric from the Fed has such power on market and indexes, that I can't believe there is no financial institution that doesn't take advantage of it, via inside information....................
Anyhow for us commune mortals, what is left is try to guess what's next for our investments, having to factor in war (not a nice thing to do) inflation, covid left over, sanctions and of course the f@cking Fed.
And yet with all this current panic in the market there are companies like Alcoa (US aluminum maker) which recently dropped some 30%, and now sit at forward PE of 6.5, when average S&P PE is currently at 22.
What I am trying to say is that its becoming very difficult to see in which direction the market will go next. And clearly in a moment like this all eye are on the Fed, which action and decisions in reality and practically has very little effect on market and financial. But for sure the rhetoric and what the market perceive out of Fed statements makes all the difference. Anyway if we like to play their game, current inflation is due to speculators of commodities exchanges and geopolitics, including covid supply chain disruption, funny enough these are all non inflationary events, even a child know that. In the end are you going to tell me that the Fed was right in the first place and this was a transitory inflation? Is really the Fed going to kill the stock market creating stagflation? And what about US debit repayment, how much it cost 1% rate rise to US economy. Looks like the market now is selling the Fed rumors to buy the facts.

With all due respect I really hope none of your shortlist materialize or the sp may go even lower...lol
Please read about difference between Resources and Reserves. Here a hint, for a project to be based on DFS it needs to have Proven and Probable Reserves. Prem at the moment has historical Resources not Reserves, that from last positive drill results, seems may be in the hundred of million tones. If that is the case possibly with a more close spaced drilling campaign, or not, we could get a Reserve definition from a compliance standard report like a Canadian NI 43-101 Technical Reports, or an Australian JORC. Without that there is no financing and no mining.
More than hundred million tones of ore is very good for a project to be viable but again it needs to be proven in the Reserve category, not by the company but by the relevant regulatory bodies.
Is not going to happen overnight and I am afraid for now all we are going to get is a lot of talking, the best it can happen as short terms RNS, is maybe a change of focus from the BoD towards Lithium project only.

I mean...people complaining that the Chinese are buying $12mil of this dog at 4p per share, making it an ideological issue?
No wonder some people lose money.
Leave the politics out of this please, is better. So much could be said on the West Democracies, their secret services, and past conflicts. A bit of decency please lets stick to investing without any racial of ideological prejudice.
I an not sure if you noticed but these days without the Chinese, not much is going on, beside the same old folks at the helm of our Western democracies, keep steeling tax payer money and at the same time, allowing hundred of offshore account for the rich friends.
Take a look at Core Lithium (Australia), they are building a Lithium project for production end of 2022. Ganfeng bought AU$34Mil shares in the company and has an offtake contract for 4 years. This is the way to go about these days, much better that getting finance from Western banks at crazy interest rate, which have overburden many good companies with unpayable debits. Thank you Chinese

For sure expectation of even double sp in weeks time is fantasy....
Prem needs to make resources in to reserves for a bankable feasibility study.
This is not happening tomorrow...but the fact that we got £12mil from the Chinese is a very good sign.
I mean in the last years this company was rising funds, issuing shares at the rate of few hundred thousand each offering, just to survive. What a change £12mil in the bank, some suggesting that the Chinses have made this investment, to trade Prem sp is the most farfetched conspiracy theory ever eared. Goes to show how sour sentiment can affect one judgments. I am not ramping this, as I said till DFS and upgraded resources the sp will stagnate or go even lower, but the market says that achieved these milestones, the sp should be at lease 3/4 times today price, and the fact that we have the cash to get there, is possibly the best thig happened to this company ever. Happy to wait one year and see where this goes. Mind you best for Prem would be to sell other non Lithium assets and possibly consolidate share like 100/1 or even 1000/1.

On the sp
not surprising to see the sp dropping. There must be millions of old share holders wanting out from high sp buy.
Possibly best investment approach here is to average down, depending on progresses and rns with the Chinese in mind.
One thing is for sure, after having waited since 2015, to sell now is a bit suicidal but can see someone wanting out just to get rid of bad memories and mover on.

Bickmaster84
fair point, I am not here to defend the BoD outright, or state that everything has been right with this company in the past. I am already lucky if some time get some assessment right of current events, never mind analyzing past events with different economic dynamics and prices...
I am cutting Prem fundamentals and events from a recent point and I might have the benefit of not been emotionally attached to past events....
One strong point to make is that back in 2015 Carbonate Lithium price (as an example) was less than a tent of today price. One might argue that investing on Prem back in 2015 was a bit overpriced, not sure how much was back then its market cap. I can see though been a company with many operations having some appeal to investors, on assets value, even if no revenue is coming....Possibly the many asset this company and management had/have to deal with has been the demise of share price and prospects, I suppose is not easy to have many balls in the air all at once and no skill, funds or personnel to deal with-it.
Better if they stick to one profitable operation and then with some cash flow and if viable start other operations. Even better if they were to sell all other assets to fund the Lithium one, because Zulu does need more exploration to de-risk the project imv...

.....
https://www.cecorp.ca/wp-content/uploads/rose-43-101_revised_november_2017.pdf

Hi
I though will pass some links (not twitters)
for whoever is willing to do some research on the Lithium space and similar companies.
Before that just a quick comment to sum up many posts I read on this board and investors sentiments.
Share price: Some here complain that have lost money by investing on Prem, that is certainly the case if one buy high and sell low, often due to wrong investment time frame. For example if someone bought Perm shares during the 2 years from 2019 to end of 2020 on average, would be sitting now on 5 times returns on investment. Not bad.
Company achievements: We all know that without money noting happens, for a sub penny share like Prem quoted on AIM London investment crowd, chances are even lower as many Brits approach to AIM mining stocks is to trade them not invest, hence destruction of sp and value. It was inevitable that a Chinese outfit would come in to rescue this company with the cash, as to attract finance from AIM retail investors would and is still impossible, people that buy and sell once get 5% profit....lol
If this was an Australian company would be worth 4 times today value.
Anyhow the so criticized BoD of Prem has recently (21st Feb Zulu update) promised and achieved funding to bring Zulu project forward....not something to underestimate, without talking about having secure funds at 4p per share.
One last point is Zulu deposit is hard rock lithium, the best for mining end extraction.
Links:
Prospect Resources Limited, sold their Lithium Project in Zimbabwe (Arcadia Project 85% net) for
US$ 343mil. Their project still to be mined is more advanced than Prem Zulu one, but for sake of like for like comparison...One would think that only Zulu asset, with drilling results and DFS out should be worth 3/4 times current market cap.
https://www.prospectresources.com.au/announcements
Funny enough the buyers of Prospect Arcadia Project are Chinese, which seems in Africa they are very welcomed...
Next link is on Lithium mining and different types of deposits, to note that a brine deposit (Argentine, Chile etc) takes 1, 1.5 years before water evaporate ready for production, hence hard rock are best and most sough after.
https://www.geologyforinvestors.com/hard-rock-lithium-deposits/

...IMV with the Chinese on board its a game changer for Prem, Zimbabwe seem a friendly place for mining and I am confident things now will move forward quickly..
I was looking at the mining strip ratio of Zulu Project compared to Critical Elements Lithium Corporation, a Canadian mining com, with very similar asset than Prem, and from their Feasibility study it seem Prem has a strip ratios almost half of Critical elements, meaning cheaper production costs.
For those interested, Prem and Critic feasibility studies below: (mining methods at page 145 Prem and 181 Crit.

file:///C:/Users/user/AppData/Local/Temp/MicrosoftEdgeDownloads/9129e3ec-d8ce-44a8-8fc0-de784d09a9df/2017%20Zulu%20Lithium%20Project%20Scoping%20Study

Well let me check mate, this share is moving 4/5% up or down, sometime on volume of 1.5mill shares ie £ 5000, peanuts...
I never read so many conspiracy theories as on this board, but for not fall in the same trap, I am going to say that is not deramping but just some high expectation from investors not yet realized. Well get ready, for the truth....considering that Prem has not a DFS, and is still to interpret recent drills to form a revised reserve/resources for a bigger project, current market cap and sp is quite right if not generous. Indeed if wasn't for the recent Chinese funding i would say it is a bit overpriced, not sure what value to give to other assets though. One thing I don't understand is how some people can criticize the Chinese entity, I mean without the Chinese this company would be a dog barking mad investment, talking about dilution lol . Jus wondering when they are going to do 1 for 100 share consolidation, current price is ridiculous. So ridiculous that even the Chinese investing in this company make people suspicious. lol
And yet if one believe at historical drilling and coming revised resource/reserve numbers (hopefully this year) and coming DFS, which been definite should lead to financing....then current market cap is not expensive compared to other peers in Australia or Canada.

Is amazing how many people trading mind set on here, translate in interpretation of how the Chinese operate.... Check it out the Chinese are not an investment company or hedge fund, they produce and sell tech materials and imo with £12 investment what to have a foot on a decent lithium resource. If the economics are confirmed this operation at current Li prices is a super cash machine no need to speculate on sp entry. As I mentioned I am invested in Sigma Lithium Canadian company, check it out for little more than $Can 100 mil capex are about to complete a 220k lith concentra. Project in Brasil,. They have just update pheasibility study of current project with Li Con. Price at $3500/t or something like that.... Payback calculated in 4 months time. Next quarter forecasts are for lith conc at $5000/t.... Slnext week also Albemarle will update maker with new prices for q2/q3. Can't see the Chinese have interest in trading sp.... And yes, £12 is a nice ammount to move things forward. People complaining about Chinese outfit been no good are unfounded6and baseless claims, possibly many here (not the Chinese) are deramping because what a lower price entry.... Why not, good luck with that. Given times we will all be winners....

I am in for DFS completion... hopefully by end of 2022.
Don't care if the Chinese are in, can't see any other way to get project moving forward and once some milestones materialize, the sp will start moving up.
Metallurgic testing, DFS, Resource in to reserves are key to the project.
Then financing and permitting....but with the Chinese on board chances of success are much higher.#
I mean old complaint resources are 213k Li carbonate inferred, for a total of 526k LCE.
This is already worth something like 20k Li Carbonate production project. Recent drilling results will increase res/reserves to form the base for DFS.
One thing I suspect is that the Chinese will go for a spodumene or Li concentrate project, for then do final processing to battery grade at home. Capex should be much lower and permitting much simpler, at current prices on a 50/50 base with the Chinese, Prem needs a project of 200k Lithium concentrate production to make literarily a fortune. I know because I am invested in a similar project in Sigma Lithium . We are talking about $1billion revenue at $5000/t, with gross profit margins in the 80%....huge.
Also capex is not huge, of course depending on location...possibly in Zimbabwe staffing and personnel could be an issue, not sure, but again costs should be low. Is awaiting game but the potential is there, still few milestone to come, to move in the right direction but already the Chinese on board is a positive. Ganfeng as many similar JV project like this around the world, and normally with the Chinese things move forward very fast. Let see where the price is in 2 years time.