Member Info for Marcuspd

I see Marula mining has just bought some X Ray sorting machines to produce 1000T a month. Doesn't sound like they can refine it yet though. £1.7M for 2 machines, one to do 30T per hour and the other 120TPH.

I presume this is different to the UV sorter Prem has installed?

https://twitter.com/MarulaPlc/status/1698955630696882666

Acker,

Why don't you think production can start, even at the 1000T a month with the RHA mill in the next 4 months?

I reckon around 4 weeks from the actual mill being installed and commissioned.

The thickener machine would be the only thing I can think of which might get in the way.

Even the new ball mill is on target to be in SA by the end of November.

Come on Acker, it's getting embarrassing now. Your either rallying the troops behind GR one day or calling for his resignation and denying Prem can produce SC6 this year, if ever, the next day.

I used to value your input, but it's clearly just agenda drive fantasy of late.

Looks like Captain Flip-Flop is back to shorting again today.

Bought back in with my other half of Prem money this morning after making a little bit on a quick dabble into KOD before it plummeted again.

I now can't seem Prem getting cheaper than the 0.402 price to buy earlier.

Interesting stuff. That looks a fair bit of kit to install and can't be cheap.

I caught that the main advantage, as well as improving the quality of material entering the floatation circuit, was that it provided a buffer of material, meaning a constant flow at the correct rate, can be maintained to feed floatation, allowing for milling and sorting to be a bit more erratic and easier to stop and start.

I see a 50,000,000 trade was done just at close today. £200K+

Maybe the £4M worth of shares have not been admitted to AIM yet?

On or around 31st August, could mean still to be admitted to trading on the market yet?

If they're the .35p shares, someone just made £30K.

They were the reasons given. Don't let it stop your attack of GR though eh?

I half expected one of the usual KODers to pick up on it. That predictable.

"Just why would GR be flying over to China....??"

This has been explained several times. For Chinese companies to allow their firms to invest £5M in foreign companies, the government must approve it. It helps if the CEO of the foreign company meets the Chinese govt rep to get it passed.

Also, Prem are going to be getting a profit share of the Lithium Hydroxide, so GR is being shown that side of Canmax's business.

Plus, the Chinese like to deal in face to face meetings, to gain trust.

I realise the £9M includes Canmwax's £5M. I didn't word that well. The point I was making is that even Canmax are willing to put more in, so it's clearly workable.

El-Jelousboy. ",Prem is hanging on just its very disputable weather they survive beyond Nov l personally have my reservations"

What is it which makes you think Prem won't survive 2 months? Is it the £9M of revenue just created, the extra £5M which Canmax have invested, the additional £10M GR could create in share issues or that fact that you're one of the worst case of FUD spreaders on this forum?

What price do you need to short this share to? Maybe it's that it should soon and be producing a very valuable commodity and has a very involved offtake partner, that all the ducks are lining up and you can't get back in without making a loss, even at the current SP?

You're 1 more silly post away from being added to the green box KODers club.

I take it we won't see the £4M of shares being admitted as below and wont know if they've been admitted yet or when?

The SP has moved a bit, but the Buy price has sat at around .44p for a couple of days on IG.

"Application will be made for the Placing Shares to be admitted to trading on AIM and admission is expected to take place on or around 31 August 2023."

"When Premier commercializes the EPO region and has Li3 operational and other assets contributing I shall be looking at 25/30p per share for Premier, that is my long-term target.

Acker"

Captain Flip=Flop is back in and no longer shorting then! LOL.

I admire your optimism of a 5000% + increase.

"Marcuspd - fair point but you have to remember that it was only at the end of May that Prem were saying that there would be some 13,000T produced by the end of November. At that point, they knew that there was an issue and apparently had a solution. Clearly, they didn't have a grasp of the issue(s).

We now have GR introduce the need for a 'thickener' into the mix... let's see if that becomes more or less critical to production in the next month or 2.

Forgive me for my scepticism (once bitten/twice shy, etc) but there is still an air of deja vu around Prem and particularly GR's pronouncements.

I still think that it's only a matter of time before they get to producing 1,000T (and they now have the cash to see them and Stark through) but I, for one, am not reassured by GR's utterances!!!"

Yeah, I get that. I'm hoping the plant upgrades with the addition of the thickener, UV sorter and Hydrosizer, plus the eventual Ball and Rod mills working together, will be worth the wait.

Canmax getting more involved, only suggests to me that one way or another, this will end up a success.

In GR's defence, had he gone the full DFS route, where these mistakes would not have been made, we also wouldn't yet have a plant almost ready to produce. I think the initial projections were way to optimistic and allowed no time for the lessons which hopefully have been learnt for future projects, both for Stark and Prem.

We have 12 weeks to ship the first 1,000T, with the RHA mill already being on site and the new Ball Mill supposedly reaching South Africa by November.

I suspect the now revised down to 1,000T a month RHA rod mill, along with the already processed, but needs re-floating piles of ore, will be enough to carry us through to the new Ball Mill, at the end of the year.

As far as i remember, we only need to keep shipping 1,000T until the end of My next year, giving us around 6 months to setup the Ball Mill. Surely even Prem can't screw that up?

"The amount of "share price to 1p by (insert date here)" and "We just need Sc6, then it's off to the moon!".

Why are you an LTH then? It's been over a penny only a few months ago and wasn't even producing then. When it does, where do you expect the SP to be? I'd expect over 1p shortly after the first shipment. At nameplate production or higher, 2p plus. I don't think those estimations are far off considering Canmax value Zulu alone, in the current state at $200M, when market cap isn't even 2/3rds of that .

“ Struggling to see why we have gone to all the expense of moving the RHA mill, (therefore making the RHA plant into scrap by doing so) if the “ex works” ( whatever that means) ball mill will be available end of November, all for the sake of 1000t/ month maybe by the end of the year by which time the plant will be no doubt stopped again to install the Ball mill. We’d have been better simply making payments against the prepayment instead. Just seems an expensive and pointless exercise for 2 months production at best.”.

You’ve not listened properly to much of the issues rises there. Firstly the new ball mill will be in SA by November. It’s won’t be at Zulu and commissioned for a while after that, although the plant will have all mounts and services ready and waiting.

Secondly, the RHA rod mill will work alongside the new ball mill, not just instead of.

"Marcuspd

Give George a break....the chap has had more breaks than a bloody Kit-Kat

Acker"

Ah, flip-flopping back to shorting today then. Righto. :)

"Heard it all before…".

Be fair now. The thickener is the first we've heard, as is the new ball mill being in SA by the end of November.

Canmax sound like they just want SC6 and are helping Prem along with it, rather than a takeover.

Stark are clearly low on cash flow, but still taking responsibility.

It seems all involved are confident of the project now, but some are still wary due to GR.

In all fairness, where do you think we'd be now, if he'd gone the full DFS route? Still looking for funding?

Give him a break. A few months and it should be making good money. Miss out if you like, your choice.

Elliselbow. Nowhere near what I expected.

It's been pretty much .44p to buy all day on IG, after the brief .46p first thing.

For the last week it's hovered mainly between .44-.45p.

We were told on here that it would be mid .30's this week by the usual negative crowd.

Seems pretty stable to me, considering these doomsday placings and loans.

Well, the SP is barely budging, trade has tailed off, people are holding on or waiting for a lower price to buy in.

So, this initial placing of £5M to the institutional investor, was to be brought to the market on or around the 31st.

How will this .35p placing affect SP? Surely a 5% dilution should lower the SP by 5%ish?