Member Info for mugwump083

Which has happened entirely due to Chinese manipulation driving the Spodumene price far too high in the first place - from about $300 a ton to $7000 a ton in the blink of an eye - and then suddenly down 90% to $700 ish a ton. Typical Chinese behaviour only made possible by their corrupt government.

That Spodumene price is now stabilising and will be continuing to rise from now as the entire World has to rapidly speed up electrification in order to stop what is a horrific climate change already causing havoc and death & destruction around the Globe which is already going to get a lot, lot worse right here & now before it has the slightest chance to get better.

The appalling smog paralysing major cities & killing people in India today is a timely bit of publicity about climate change that shows the World needs to get a move on with stopping any use of coal and oil from the earth's crust. No excuses for one single barrel of oil or one ton of coal ever dug up from now on - ever !

The PREM Zulu plant plant can be turned on almost instantly and even at the current Spodumene price Zulu would make a gross profit of at least over a million dollars a month after mine costs. This would continue to rise to about three million dollars gross monthly profit when the Spodument price rises to the predicted $1200 dollars or more a ton in 2025.

Everyone seems to ignore the fact that any competent manager of Zulu would take the opportunity now of inproving the Zulu mineral concentrate processing plant as George is doing so it will be more profitable from now onwards as the spodumene price continue to improve in 2025 as it is already doing.

And very little cash is now needed really to complete Zulu improvements. Zulu can be switched on and be producing almost at any moment now. There is no possibility of just chucking a $100 million Zulu asset away when it only needs a few months profit of a few million dollars. That very small amount of cash is easily found from a variety of possible sources.

How come Helix opened at 0756 a.m. at 28 p per share & then had a sudden plunge down to progressively sink down to end the day -2.86% despite a five star RNS that only indicated a huge increase in the Helix market capitalisation coming in the forseeable future ?

Last trade after market close Tuesday November 12th: =

12th Nov 1638 hours 350k shares traded at 23.96p total value of trade £83720

13th Nov 0756 hours market opened at 28p then one and a half minutes later at 0801:33 secs Helix was down 7% at 26p

13th Nov then ending the day with the last trade (as listed on the London Stock Exchange website) in market hours at 1629.06 secs at 23.950p but then curiously followed by the next trade after hours trade at 1635.51secs at 25.3p which was 5.63% higher than the previous trade of 23.95 at official market close.

PREM FORUM POST NOVEMBER 12 2024

JerseyCrew & MickyisMicky

You are both so absolutely right when you point out there is no logical reason for the PREM share price to be so low & it is only caused by shareholders being persuaded by all the childish, idiot negative people to believe a completely false narrative which bears no resemblance to reality.

The Chinese Government deliberately manipulated the spodumene price rise from roughly $400 about five years ago to about $7000 a ton & then down again to about $750 a ton recently.

At the same time PREM had the problem of the plant design needing various improvements so losing PREM two years of revenue already.

Meanwhile many lithium miners have stopped production until prices rise as they are widely predicted to do in 2025 to about $1300 a ton for Spodumene SC6. It has already started to rise to about $810 a ton. At which price PREM would already be making about $14 million annual profit minimum, even if the Spodumene price remained that low - which is very, very, unlikely !

We have been told unequivocally the PREM plant can run right now but George wants to just tweak the last part of the SC6 mineral concentrating process to maximise quality of production in order to attract the highest price when we sell it. There is no question the mine ore concentrating plant does not work. It does work; right now it works. It just hasn't been turned on yet until the tweaking is completed.

The actual reality is that PREM could be easily be earning more than $38 million profit from annual sales in 2025 with a fair wind from now onwards and that Spodumene price rising to the predicted $1300 a ton in 2025. What about our Market Capital price then ? It won't be only £12 million, will it ? More like £300 - £400 million maybe.

There is absolutely nothing to stop that from happening. And as production is planned to be increased from 4000 tons a month the cash coming in can only increase way beyond that $38 million guesstimate.

Meanwhile the entire World and every Country's Government is getting a rocket up it's backside about the urgent need to stop using fossil fuels immediately because of Global warming and to electrify everything as fast as possible, thus rapidly pushing up the price of Lithium for the forseeable future.

I'm connected to the meeting and the camera is on but no sound and the moronic zoom software doesn't seem to have any indication of anything to do with sound.

I presume the sound will just magically appear when the meeting actually starts. Is that right ?

Craig - thanks I had previously looked at the PREM website but didn't find that link despite looking at that page !!!. Lousy website design !!

I can't find a link anywhere to the meeting. Does anyone know if we can link into the meeting via zoom or can anyone post the link here ?

Brent & Orange

Brent you are completely correct as my buy shows as a sell. This is just rubbish software being inaccurate. The entire computer industry is just a bunch of Mickey Mouse Hooligans !

I'm posting this information here because the Blesberg mine has also been badly affected by the fall in the Spodumene SC6% price and Jason explains that is exactly why the Chinese off-taker wanted to give Jason loads of cash to build additional mine processing plant to turn the SC6 lithium into Lithium Sulphide at the Blesberg location which means making it a higher concentration of Lithium metal to then ship onwards to China.

The Chinese said they were fed up with receiving SC6% as they then had the problem of further refining it to get rid of of the enormous 94% of waste material. It seemed stupid to spend money & effort to ship 94% of rubbish all the way from Africa to China when it could be refined into Lithium sulphide at the mine site before transporting it and that would mean a fraction of the number of truckloads to transport from the mine to onward ship to China from an African port.

Lithium sulphide apparently contains 30.2% of Lithium metal & 70% sulphur. Meaning the Lithium is five times the concentration of SC6% which means less volume to transport, about one fifth roughly !

I've just listened to the Stockbox interview yesterday with CEO Jason Brewer of MARU - Marula Mining - where Jason talks about being involved with 'Joint Venture' talks with the Chinese Spodumene SC6 off-taker of their Blesberg Lithium mine in South Africa.

Here is the link to that interview.

https://www.youtube.com/watch?v=zHpMCNYIqig

I'm posting this information here because the Blesberg mine has also been badly affected by the fall in the Spodumene SC6% price and Jason explains that is exactly why the Chinese off-taker wanted to give Jason loads of cash to build additional mine processing plant to turn the SC6 lithium into Lithium Sulphide at the Blesberg location which means making it a higher concentration of Lithium metal to then ship onwards to China.

The Chinese said they were fed up with receiving SC6% as they then had the problem of further refining it to get rid of of the enormous 94% of waste material. It seemed stupid to spend money & effort to ship 94% of rubbish all the way from Africa to China when it could be refined into Lithium sulphide at the mine site before transporting it and that would mean a fraction of the number of truckloads to transport from the mine to onward ship to China from an African port.

Lithium sulphide apparently contains 30.2% of Lithium metal & 70% sulphur. Meaning the Lithium is five times the concentration of SC6% which means less volume to transport, about one fifth roughly !

Apparently the lithium metal price is about $10,000 per ton now.

What all this shows us is the Chinese are still interested in buying all the Lithium they can get hold of even though the price has dropped right now. The reason is they have the brains to realise Lithium prices are obviously going to rise a great deal as electrification of everything is going to accelerate rapidly.

This indicates PREM's stash of lithium in the ground is perceived by anyone with enough of a brain to use is a valuable resource which PREM is soon going to be actually refining and possibly doing so to turn into Lithium Sulphide as a more efficient process. Perhaps this is planned for a second mine plant yet to be built in the EPO area & funded by the Chinese too. This is what I would now be discussing with Canmax if I was the PREM CEO.

The fact George Roache makes snuffling sounds about rooting around in the EPO area now seems he is clearly looking ahead to a bigger & better PREM with more than one mine plant. This would be unlikely if he was having difficulty just fighting to keep Zulu going.

I've just listened to the Stockbox interview yesterday with CEO Jason Brewer of MARU - Marula Mining - where Jason talks about being involved with 'Joint Venture' talks with the Chinese Spodumene SC6 off-taker of their Blesberg Lithium mine in South Africa.

Here is the link to that interview.

https://www.youtube.com/watch?v=zHpMCNYIqig

I'm posting this information here because the Blesberg mine has also been badly affected by the fall in the Spodumene SC6% price and Jason explains that is exactly why the Chinese off-taker wanted to give Jason loads of cash to build additional mine processing plant to turn the SC6 lithium into Lithium Sulphide at the Blesberg location which means making it a higher concentration of Lithium metal to then ship onwards to China.

The Chinese said they were fed up with receiving SC6% as they then had the problem of further refining it to get rid of of the enormous 94% of waste material. It seemed stupid to spend money & effort to ship 94% of rubbish all the way from Africa to China when it could be refined into Lithium sulphide at the mine site before transporting it and that would mean a fraction of the number of truckloads to transport from the mine to onward ship to China from an African port.

Lithium sulphide apparently contains 30.2% of Lithium metal & 70% sulphur. Meaning the Lithium is five times the concentration of SC6% which means less volume to transport, about one fifth roughly !

Apparently the lithium metal price is about $10,000 per ton now.

What all this shows us is the Chinese are still interested in buying all the Lithium they can get hold of even though the price has dropped right now. The reason is they have the brains to realise Lithium prices are obviously going to rise a great deal as electrification of everything is going to accelerate rapidly.

This indicates PREM's stash of lithium in the ground is perceived by anyone with enough of a brain to use is a valuable resource which PREM is soon going to be actually refining and possibly doing so to turn into Lithium Sulphide as a more efficient process. Perhaps this is planned for a second mine plant yet to be built in the EPO area & funded by the Chinese too. This is what I would now be discussing with Canmax if I was the PREM CEO.

The fact George Roache makes snuffling sounds about rooting around in the EPO area now seems he is clearly looking ahead to a bigger & better PREM with more than one mine plant. This would be unlikely if he was having difficulty just fighting to keep Zulu going.

That I've just bought even more shares to add to my substantial little haul collected over a period of years now.

And this despite morons like Jag & Raaydar talking utter de-ramping rubbish with downright lies about things like we will/are going into suspension /will/ are going bust etc.

Raaydaar

Todays Spudumene price = $769

minus Canmax discount = about $77

Today's Spodumene price $769 = $77 = $692 per ton paid by Canmax; Mining cost per ton $500, therefore $192 profit per ton to PREM multiplied by 4000 tons mined per month = $768,000 profit per month or $9. million per year. Oh ! then there is the small consideration of far more than 4000 tons per month likely to be actually mined - thereby increasing Prem annual profits to enable it to recover from the chaos Stark produced as well as the pathetic idiot de-rampers with their ignorant, illiterate garbage comments on this forum !

And then there is the almost absolute certainty the price of Spodumene will gradually increase further from here.

So how come there is a completely new mine worth tens of milions able to function the minute it is switched on when it will make a minium of about six million gross profit per year even with the present Spodumene low prices.

But that profit will also at least treble in about the next year & continue to rise for ages after that.

It seems perfectly clear from recent RNS's that the Zulu plant is now ready to produce or will be when that last bit is satisfactorily tested - which it probably has already.

The only real problem is the Spodumene price which appears to have now bottomed out & may well continue a slow rise. All Spodumene/Lithium producers will approve a reduced supply of Spodumene which will then help the Spodumene price to stabilise and then rise - to every producer's benefit. And, indeed, I've noticed other Lithium miners no longer in a hurry to commence production until the Spodumene price improves. The more spodumene production is reduced now the sooner the sooner the spodumene market will stabilise.

The long term future of the Spodumene price seems good as a World wide acceleration into electrifying everything is likely as more of the World population begins to understand exactly how dangerous pumping more Carbon Dioxide into the atmosphere is & how it could eventually completely make the planet unihabitable.

Before primitive one celled life in the oceans accidentally discovered the Chlorophyll molecule & evolved into plants that could now use Chlorophyll to capture the sun's energy the Earth's atmosphere contained vast amounts of Carbon Dioxide from volcanic activity. The atmosphere was unbreathable to any form of animal life at that point as there was virtually no oxygen.

Once plant life evolved it rapidly spread out of the oceans and covered the entire Globe growing so fast in the Carbon Dioxide rich atmosphere which the plants used to extract the vital carbon they needed, that those plants did not have the time to rot when they died. New young plants just continued growing on top of a growing pile of now dead organic plant matter.

All these plants continuously removed carbon dioxide from the atmosphere & the plants exhaled oxygen into the atmosphere eventually making it possible for the evolution of animal life to take place.

Meanwhile all that carbon dioxide the plants had used to extract the carbon they needed was compressed into huge coal and oil deposits which were pushed deep into the Earth's crust, thus leaving an oxygen and nitrogen rich atmosphere available for the newly evolving animal life while permanently trapping those dangerous carbon deposits.

Until humans came along and started digging up all that coal and oil only a very short time ago. Nobody had any idea that digging up and using all that oil & coal would be reversing that process which gave animal life a usable atmosphere without which it could not survive and without which the planet would likely occilate between being entirely covered with ice and overheating thereby destroying virtually all life forms - plants & animals.

The plant life that had evolved to take that carbon dioxide out of the atmosphere stabalised the weather of the planet too. That stability is already breaking down with more and more extreme weather.

MMMM ! Let's have a little think about which direction we shareholders & PREM are heading.

An entire Planet of nearly nine Billion people most of whom live in backward, primitive economies and virtually ALL of them suddenly plugged into & communicating with each other via the unstoppable magic of the electronic Internet of Social Media with access to all the latest news of how the more privileged people in more educated & established Western economies live in relative luxury.

It is without doubt the most revolutionary & largest driver of human social evolution in the history of planet Earth. And it will very rapidly make the World's dis-advantaged populations all want to get rid of all those Mickey Mouse, mentally backward dictatorships who keep their populations enslaved in poverty & violently nasty political repression.

ALL of those nearly nine billion people will soon want a decent life - and now. They are finding out the awful truth of the appalling political thugs controlling whole countries and keeping them in a state of abject misery and want. No education, no medical care, starvation; nothing much but poverty, misery & early death to look forward to.

Only today there was a news item about one of the most revolting and repressive & ignorant countries on earth where vast numbers of people are dying from starvation and in particular lots of children. The reason that country is such an ugly cess pit of pure evil is because it is in the iron grip of weirdly obsessive believers of primitive 'fairy tales'. These uneducated, violent & very, very stupid people in control of that country are mindlessly unpleasant to nearly all the population.

So, anyway I'm just giving a thumbnail description of the general backwardness of human 'civilisation' which has suddenly realised the entire planet may soon become uninhabitable unless we all get together to prevent Global Warming.

More educated people are slightly panicking about actually doing something very quickly to stop this happening. And one of the first things to do is to communicate with everyone the World over. And this is exposing the pure nastiness of backward countries to Worldwide scrutiny - and utter Worldwide disgust too.

All this points to two things that are likely to happen, and happen with increasing speed.

The first thing is already happening and it is already accelerating rapidly. And that first thing is the electrification of absolutely everything that uses any form of energy.

Electricity is what makes the entire Universe do it's thing. Everything is defined by electrical activity. And Electricity is available to us in unlimited quantities and is so much cleaner and easier to use than the dirty, positively filthy business of burning things to produce steam and exploding petrol in small metal cylinders to make pistons go up & down to make wheels turn via complicated very old fashioned crank shafts , gears & wheels etc.

.................more follow

............/post two - idiot software limiting the amount you can write in one post

And this rapid and urgent change to make everything electrical as quickly as possible now comes right back to us PREM shareholders because PREM is one of only a handful of producers digging up all that huge amount of lithium metal the entire planet will shortly be screaming for. Lots of people are suddenly going to find out how important batteries are to store solar and wind produced electricity for instance.

And lots of batteries means lots of lithium will be needed. The recent drop in the lithium price appears to be more to do with market manipulations, possibly intended as well as unintended. The price of lithium will undoubtedly rise and start rising soon.

The future for PREM looks very bright indeed. PREM just needs to hang on in there for a few months more when the Lithium price will start going up again. And this time it won't be coming down again in any kind of a hurry.

And that second thing I said that would be likely to happen is all those people living in backward & primitive countries would produce an industrial revolution of epic proportions as they get rid of the idiots running those countries & demand a massive social change to provide decent education and the consequential economic structure to provide proper medical care and a good standard of living for everyone with no starvation or poverty.

It is ridiculous the way most of the World functions and there is absolutely no rational excuse for it - except for realising it is just caused by complete stupidity.

And, let's just make this clear. Wealth is what is produced when people work. Real wealth is everyone working to produce what we all want & need in order to have a 'decent life'.

And that, if you just pause and think about it for a moment, means there are literally an unlimited amount of jobs available for everyone who wants one way into the future until every human has everything he needs or wants. But then people will still want more anyway. and we have the unimaginably gigantic job of eventually getting off the earth and away from what will eventually be a dying solar system to somewhere else the human race can survive in.

And that's an awful lot of work and so an awful lot of jobs needing to be done by billions of people way into the future. There will always be more jobs needing doing that there are people to do them.

It is only the idiocies of politicians that produce unemployment.

............/post two - idiot software limiting the amount you can write in one post

And this rapid and urgent change to make everything electrical as quickly as possible now comes right back to us PREM shareholders because PREM is one of only a handful of producers digging up all that huge amount of lithium metal the entire planet will shortly be screaming for. Lots of people are suddenly going to find out how important batteries are to store solar and wind produced electricity for instance.

And lots of batteries means lots of lithium will be needed. The recent drop in the lithium price appears to be more to do with market manipulations, possibly intended as well as unintended. The price of lithium will undoubtedly rise and start rising soon.

The future for PREM looks very bright indeed. PREM just needs to hang on in there for a few months more when the Lithium price will start going up again. And this time it won't be coming down again in any kind of a hurry.

And that second thing I said that would be likely to happen is all those people living in backward & primitive countries would produce an industrial revolution of epic proportions as they get rid of the idiots running those countries & demand a massive social change to provide decent education and the consequential economic structure to provide proper medical care and a good standard of living for everyone with no starvation or poverty.

It is ridiculous the way most of the World functions and there is absolutely no rational excuse for it - except for realising it is just caused by complete stupidity.

And, let's just make this clear. Wealth is what is produced when people work. Real wealth is everyone working to produce what we all want & need in order to have a 'decent life'.

And that, if you just pause and think about it for a moment, means there are literally an unlimited amount of jobs available for everyone who wants one way into the future until every human has everything he needs or wants. But then people will still want more anyway. and we have the unimaginably gigantic job of eventually getting off the earth and away from what will eventually be a dying solar system to somewhere else the human race can survive in.

And that's an awful lot of work and so an awful lot of jobs needing to be done by billions of people way into the future. There will always be more jobs needing doing that there are people to do them.

It is only the idiocies of politicians that produce unemployment.

MMMM ! Let's have a little think about which direction we shareholders & PREM are heading.

An entire Planet of nearly nine Billion people most of whom live in backward, primitive economies and virtually ALL of them suddenly plugged into & communicating with each other via the unstoppable magic of the electronic Internet of Social Media with access to all the latest news of how the more privileged people in more educated & established Western economies live in relative luxury.

It is without doubt the most revolutionary & largest driver of human social evolution in the history of planet Earth. And it will very rapidly make the World's dis-advantaged populations all want to get rid of all those Mickey Mouse, mentally backward dictatorships who keep their populations enslaved in poverty & violently nasty political repression.

ALL of those nearly nine billion people will soon want a decent life - and now. They are finding out the awful truth of the appalling political thugs controlling whole countries and keeping them in a state of abject misery and want. No education, no medical care, starvation; nothing much but poverty, misery & early death to look forward to.

Only today there was a news item about one of the most revolting and repressive & ignorant countries on earth where vast numbers of people are dying from starvation and in particular lots of children. The reason that country is such an ugly cess pit of pure evil is because it is in the iron grip of weirdly obsessive believers of primitive 'fairy tales'. These uneducated, violent & very, very stupid people in control of that country are mindlessly unpleasant to nearly all the population.

So, anyway I'm just giving a thumbnail description of the general backwardness of human 'civilisation' which has suddenly realised the entire planet may soon become uninhabitable unless we all get together to prevent Global Warming.

More educated people are slightly panicking about actually doing something very quickly to stop this happening. And one of the first things to do is to communicate with everyone the World over. And this is exposing the pure nastiness of backward countries to Worldwide scrutiny - and utter Worldwide disgust too.

All this points to two things that are likely to happen, and happen with increasing speed.

The first thing is already happening and it is already accelerating rapidly. And that first thing is the electrification of absolutely everything that uses any form of energy.

Electricity is what makes the entire Universe do it's thing. Everything is defined by electrical activity. And Electricity is available to us in unlimited quantities and is so much cleaner and easier to use than the dirty, positively filthy business of burning things to produce steam and exploding petrol in small metal cylinders to make pistons go up & down to make wheels turn via complicated very old fashioned crank shafts , gears & wheels etc.

.................more foll

PREM built the Zulu Mine ore processing plant in 2022 when Spodumene SC6 was about $4700 a ton. The plant was promised by the contractors designing and building it - the notoriously incompetent STARK - to commence production of 4000 tons SC6 a month in early 2023.

This would have achieved an approximate monthly profit of $13.6 million or $163.2 million per year after deducting the 10% discount to Canmax and the cost per ton of about $800 to process the ore using the Spodumene SC6 price known in 2022.

But, Stark were utterly incompetent and mis-led PREM for a whole year while they continuously promised they could fix the plant and start production in 'weeks' when they obviously could not. So PREM finally got rid of Stark about eight months ago and re-designed the plant themselves to make it capable of doing the job it was supposed to do in the first place.

Meanwhile the Spodumene SC6 price has plumetted to about $790 a ton. There appears to be a slight whiff of market manipulation in this but Spodumene SC6 prices are forecast to rise signifigantly soon as electrification momentum accelerates.

So, if I owned the PREM Zulu mine and I had a financial cushion of cash stashed somewhere what would I do with a lithium mine like Zulu ?

As the cost of production right now is almost exactly the same price as the Spodumene SC6 can be sold for the obvious answer is to keep the plant at Zulu going at a more or less breakeven level, improving efficiency where possible. This pays everyones wages and keeps the Zulu plant alive to instantly take advantage of the absolute certainty of lithium price increases in the near future.

A small loss by keeping the plant in production would be a lot better than the bigger loss of shutting the plant down.

It is clear World wide demand for lithium will continue to increase every year for the forseeable future. Prices will soon stabilise and improve most people in the industry believe..

If it is true George has been in China it seems a bit of a co-incidence that there is suddenly an unusual massive turnover of shares of vaguely about 4% ish of total shares in issue.

Could this be Chinese buyers ? If so what might that mean ?