Member Info for NellyB

Martini, what have you ever objectively debated here? All you ever do is Insult GR at every given opportunity and do your best to devalue PREM. You are the one who fails to see an alternative viewpoint, each and every time.

The likes of Roberto are worse off precisely because people you and you alter-ego drag the share price down and stifle new investment.

You don't trust GR. WE GET IT.

You don't think the share will rise in value under GR. WE GET IT.

You won't be investing as long as GR is at the helm. WE GET IT.

Get over yourself and move on FFS.

"No one cares about the price if we haven’t got things sorted"

I do. It directly corresponds to the value of the asset in the ground and determines if the project is financially viable or not.

Lloydyboy, the BOD told you the reason for the independent review of 'the mill' was to cover Prem against litigation by Stark? Hmm, sure they did. :o)

"I have sold half my shares today. Got a baby to think about. Like acker, I feel finance needs to be addressed and the independent review of the mill is obviously being done to protect us from stark comeback, but I’m concerned in the short term of the findings of that review."

I assume you meant independent review of the plant, not just the mill. I don't agree at all. I believe the review is intented to get the plant up and running, and give ammunition to go after Stark. Why will there be any comeback FROM Stark? They are a year over-time, the plant isn't fully operational, and no-doubt PREM incurred massive losses in terms of lost revenue, and additional plant and contractor costs.

You seem to be doing that here, without having ordered anything.

Martini, it was Stark's responsibility to build, commission and then hand over the plant to PREM, in fully working order, at nameplate capacity. They were under contract and were payed to do so. Yes GR should have had oversight of what was going on, but Stark are supposedly the experts and there should have been minimal intervention needed by GR, to get the plant complete, other than logistics. You don't order a car and then go to the factory to make sure the workers are building it correctly.

It was no coincidence that GR booted them off site a year after completion was expected. I fully expect there to be legal consequences for Stark, after a comprehensive assessment of the plant has been made.

Time and money is all being burned over the last 12 months. You can't fix problems until you know what they are.

Well I for one see today as positive.

Stark clearly haven't performed to contract have have taken an excessively long time, to achive seemingly little over the last 6-12 months. Issues that should have been diagnosed and resolved well before the new mill arrived were ignored and forgotten.

An independent appraisal of the entire plant has got to be a positive step forwards to assessing what Zulu has got, and more importantly, what it still needs; something Stark don't seem to be able to do.

Anyone mentioning legal redress BY Stark... what are you smoking? Stark have been paid up front for a working plant, and have not delivered. By the sounds of what GR has said during prior interviews, PREM has paid for additional kit, on top of specification, due to the plant being unfit for purpose. If there is any legal redress to be made, it will by BY PREM, AGAINST Stark. Over-time, over-spent, and under-delivered.

To quote Jaglith:

"Acker - interesting definition of a good day. We might find out next week that the plant design is incorrect and will take months to redesign and rebuild."

We might never have found out at all, with Stark!

Martini, I'll give you a clue... it's more than the trading fee that you pay in order to purchase the shares.

For the record, every time you spout your moany crap on here, you taint the company with your lies and wild guesses, puporting to be facts. You are not saving anyone from investing. You are killing sentiment and devaluing the holdings of everyone who has put their hard-earned money on the line, the very ones you pretend to care about.

GR has his faults nobody can deny that, but to say in one sentence that your opinion is factual, and then say GR hasn't achieved anything is a complete contradiction. We have a resource, we have a plant and we are on the cusp of revenue-generating production and you can't seem to stand it.

Myself and immediate family have between 55-60 million shares between us, so I very much doubt you held more.

Martingirl, you're 'invested' here to the tune of one share at 0.315p

That's not an investment. It's a token gesture, as best.

Acker, Canmax ended FY 2023 with the 8.1 billion CNY in the bank as cash, equivalent to 1.13 Billion USD.

They need product, not cash.

https://au.investing.com/equities/suzhou-ta-a-ultra-clean-cash-flow

Acker, yes Canmax COULD demand the £6m in cash, but how would that possibly help them achieve their aim to get product from PREM? I think it makes far more sense for them to ramp up the amount of product owed by prem via the 12% interest and by NOT calling in the loan, as has happened so far. Canmax have a large cash reserve. It's not cash they need.

Snowking, your figures for the hydroxide don't take into account any processing costs (to Canmax) to transform the SC6 into Hydroxide.

From other sources, I estimate processing to be around $3000-$4000 per ton of hydroxide, bringing the total costs to around $11,000 to $12,000 leaving around $2,000 to $3,000 profit per ton of hydroxide (at current prices)

It would certianly help if GR were to shed some more clarity on the hybrid pricing deal.

martini, you don't half talk a load of twaddle. how would you possibily know that there are "certainly not enough spare sensors on site"?

"this deal will most certainly be weighted heavily in canmax favour, it's not going to be a 50:50 split, more like a 90:10 at best in canmax favour. it's not going to be the saviour of prem, unverified production costs with sc6 prices at current levels aren't profitable for the company."

again, scaremongering bull****. read the august rns:

"under the amended agreement the sale by premier of sc6 will be priced on a hybrid pricing structure. payment for 50% of sc6 supplied by premier will be based on the sc6 price, and the balance as a profit share whereby premier and canmax will share equally in the profit from production by canmax of lithium hydroxide from sc6 supplied by premier."

an equal share of profits, is 50%

Bridgedogg, If you think the company is worthless, is going to lose money over the next 12 months and you are not invested, please shut up and shuffle along. Your input here is worthless.

FYI Lithium Hydroxide sells for around $14 USD per KILO, $14,000 per metric ton, and Prem have a 50% share in the profits from it, whatever that will be. It takes approximately 7-8 tons of SC6 Spodumene (to be supplied by PREM) to make 1 ton of Lithium Hydroxide 99.5%

Jaglith, If GR had gone the traditional RUS route, we wouldn't have a plant at all yet. The advance funding offer was there, so it was taken. Usually a RUS is needed, in order to secure funding to build the plant.

Did you sell out, Acker?

You seem to have changed your tune from balanced to negative.

BillyBob99 Tomorrow the SP will be exactly the same price as close on Friday, I guarantee it.

Put me down for 0.46p

Why would anyone be expecting an RNS today particularly? No reason for an RNS to land now before production restarts.