Member Info for NellyB

Raydaar, nobody needs to read 20 posts a day about flights and dinners.

Perfectly reasonable and justified filtering by Acker.

Snowking, my opening line saying it was a bad idea to spend money on RHA now, was in response you your earlier statement, as I quoted below.

Not sure what part of that you're not understanding.

I didn't suggest PREM spending any money on RHA, Snowking. You did: "More impurtantly what is prem doing about RHA , with tungsten price so high , it forces prem to do something , sell it or make it work . But. It must be worth something".

How would PREM get RHA 'to work', without spending money on it?

George no longer runs the show. It makes no sense to pay out for care and maintenance on RHA indefinetely.

Right now it would be a poor time to spend the limited resources PREM has on RHA.

Sale might be possible, especially if it helped fund Zulu into production, but realistically it would take time to get a buyer and close a sale.

There is also the not insignificant challenge that PREM is a minority stakeholder in RHA, with NIEFF holding 51%.

Approval for sale would be needed, as well as hashing out who was owed what from a sale.

RHA was left in financial deadlock with NIEFF over payment owed by them of $6,000,000 and if memory serves, they tried to passify / hoodwink PREM with a payment in Zimbabwean dollars, which were worth a fraction of the amount owed by NIEFF.

I say get Zulu into production with all available resources, to the point where PREM has an income to survive from, before considering all options for other assets.

Glencore might be interested in taking on more than Zulu, and other options will surely open up if they do step in.

It would not surprise me if Graham is considering other offtake deals in the background.

Martini, All you ever do here is find the most negative view, to spin, add your speculation and lies dressed as truth, and troll actual shareholders. You repeat your views and insults here almost daily, have zero interest in buying shares and yet you want me to debate you? No, you want to mock myself and other shareholders who are here to support the company into success.

I will not entertain you.

Jog on, troll.

Like I said Martini, you couldn't find a smile in a theme park.

Leave the high risk investing to those with an appetite for it. It's clearly not for you, so jog on.

Looks like you are not aligned with the truth, Raydaar.

Martini, It's been 146 days now since your single token share was consolidated, and you became a non-shareholder, who has stated many times that they seen no investment case for PREM.

You have no business here.

Trott off and go and promote ALGW shares.

...Oh, they are de-listed. Such a shame :o)

I have no wish to entertain you Martini.

My reasons are my own. I have continued confidence in the project, and continue to purchase, at bargain basement prices.

Jog on Martini.

You've done enough to run PREM into the ground that you don't deserve to be any part of it's success.

You couldn't find a smile in a theme park.

Anyone have the link for the AGM webinar? It's supposed to be on the PREM website 2 days prior to the AGM, but I can't find it.

I think someone forgot about the consolidation, when comparing the share price before and after.

Acker, I've read the article linked in your post.

What is your take on PREM's ability to sell lithium concentrate, once produced, to required grade?

Do you think it will need to be processed into lithium sulphate, before export, and do you think this would be possible via current processing facilities within Zimbabe, or elsewhere before export?

Not looking for hard facts, just your valued opinion on the matter.

Jaglith:

"I think the share price of ever single lithium miner in the world is going up today apart from one company. Thousands of lithium companies in the world, and there’s prem trying to order some plant parts and can’t even get them delivered on time."

As of 2024, there were a grand total of 34 companies worldwide, that produce lithium. LOL.

Jaglith, it's easy to see why you lost money, if you can't understand the most basic principles of investing.

The market cap of PREM is currently £2,890,000 not 1.5 million, as you claim.

The value of PREM is intrinsically tied to the value of of it's resource. If it costs more to mine the product that it can be sold for, then it's obvious to anyone who's not a complete idiot, that the project is worth less than if the product can be sold for multiples of the production cost.

Stop spouting your pathetic lies. Move on, and get over yourself. Investing is not for crybabies.

A very positive RNS, and I'm more than pleased that GH has taken a couple of extra weeks to get the deal done, in exchange for the safeguards and incentives that the deal provides. I bought a few more this morning. Onwards and upwards.

We're closer than ever to production, have a competent professional running the show and are currently around 2.3% of the peak market cap of three years ago. Lots of upside to go, from here.

"The Flotation Contract

The contract provides for the supply of flotation equipment and specialist engineering services to support the installation, commissioning and optimisation of a 15-20 tonnes per hour spodumene flotation circuit at Zulu.

Key commercial and technical terms of the contract include:

i. Delivery of flotation equipment within 15 days and on-site engineering support for installation and commissioning. The concrete foundations have already been completed.

ii. A process performance guarantee, under which the Contractor is required to commission the flotation circuit to achieve targeted spodumene concentrate grade and recoveries at a design throughput of 15-20 tonnes per hour, subject to feed meeting agreed specification.

iii. A staged payment structure, with a portion of the commissioning fees withheld and only payable upon achievement of agreed performance and throughput criteria, aligning final payment with delivery of operational performance."

Jaglith, three weeks ago, you were saying the baliffs had been in and collected, and that Prem would be finished before the new year.

So it seems you have no idea what's going on.

I tried to find a video transcript, but this news item basically details the same point:

"As part of the agreement, Premier has committed to working with Canmax Technologies Co., Ltd to finalize a binding agreement within the next three months, contingent on the Zulu project’s ability to meet specific production grade and volume requirements."

https://www.investing.com/news/company-news/premier-african-minerals-progresses-with-glencore-on-lithium-project-93CH-3997883

You can't meet production grade and volume requirements, without a working plant, hence the need to fund the plant into production, before Glencore step in.

That's pure speculation on your part, Jaglith.

It's been mentioned in past Stockbox interviews that the plant would need to be operational before Glencore progressed their interest. It certainly does not mean Glencore have walked, or anything did not meet their satisfaction (other than the 3 month timescale).

QUESTION: Has the second float plant to be purchased by premier african minerals been used with identical ore to zulu, to generate sc6?

AI ANSWER: Based on the most recent available information, Premier African Minerals announced it would acquire a 15–20 tonnes-per-hour (TPH) flotation cell plant from Xinhai Technology Processing EPC to improve production at the Zulu Lithium and Tantalum Project. Has it been used with identical ore? The announcement does not explicitly state that the exact unit being purchased has previously processed Zulu ore, but the plant is being sourced specifically for its suitability in treating Zulu-type material to achieve commercial, high-grade SC6 (spodumene concentrate).

Previous Testing & Validation: The search results indicate that the original Zulu plant already achieved saleable concentrate (above 5% \(\text{Li}_{2}\text{O}\), with peaks of up to 6.2%) during testing in 2024 and 2025, using similar, though less effective, flotation methods.Context: The decision to purchase this second, specific "Xinhai" flotation plant is part of a strategy to improve production stability and overcome previous limitations in the initial plant.