Member Info for Nhjj

Do you think they’re ramping so they can sell and buy back later in the week when it drops? Correct me if I’m wrong but in the interview on Friday George said something along the lines of it’s got to that point where we’re really gonna have to do something about funding in the next couple of weeks or so.

If the sorters do not work prem will end up producing contaminated product once again. With costs already excessively high and lithium pricing where it is do we want to run the risk of producing product of no commercial value. Also what is the continuous run rate of the plant to produce required tonnage. Is it not 21 days.

No, unfortunately he didn’t ‘like’ the post, deadeye tagged him in which is what you’re seeing

DEB just posted this https://x.com/deadeyebeaky/status/1754220504217481655?s=46

How does he know it’s on site?

Not sure why you’re surprised as he’s admitted to shorting the stock before. So he would obviously say anything to make the SP go down.

Canmax will ultimately be paying for transport, however prem will pay the upfront cost which they will then be reimbursed for through raising invoices to Canmax

Yes, so from my understanding he would first have to call an egm to increase the headroom. You have to give a 2 weeks notice for this. Should he get approval any placing would then occur after this.

Well I thought you said yesterday that you wanted a low price for a potential placing Acker. Now you want it up lol

Oops touched a nerve there 😂

Well apparently it was the telegram group that convinced George to do the interview. No doubt they all sold out yesterday and are now looking for a drop for a cheap reentry/ placing price.

I think Goddard may also be selling their shares. Think about it, they will have to at some point to cover their own costs

Hmmm looks like the mill PR campaign is underway, ready to pump ahead of the dreaded EGM announcement and share raise. lol

BizTech makes some good points in his latest video on different share predictions.For example, If we haven’t been able to get the sorters working or the plant properly commissioned in the last few months what makes prem think they’ll be able to do this in next 6 weeks or so.

Also in my IMO let’s say George gets rid of the sorters ( he’s already mentioned they may not need them as they don’t seem to be working anyway) what will he bring in to replace their role i.e sorting the material to get a purer product and how long would this take.

https://youtu.be/mTglnYmbw_c?si=mdmBjmvWVRIt5N0Z

No, the reason it’s showing as 1% down today is as yesterday’s price was $1070 and today’s is $1060. The mistake was with yesterday’s price which should’ve been and was later corrected to $1070 from $1315.

The SMM Spodumene Concentrate Index is positioned as a weighted average price across various transaction methods including long-term contracts and spot deals. It is to be noted that for the fourth quarter of 2023 and the first quarter of 2024, in certain proportions of long-term contracts, pricing was set to be based on the previous quarter’s (Q-1) price for settlement purposes. However, due to an error by our pricing team in adjusting quarterly prices, there was a mistake in the final index calculation. We have now updated the Spodumene Concentrate (CIF China) Index as of January 2nd, 2024.

Lol, did you post that over from the kodal board. Wonder how low it will go in those six months then?

The plant has been operating since April, what do you think they’ve been doing all this time. The only issue is they havnt produced anything of saleable value . Yes the plant is not operating as of now, but up until now it has been and if you look through George’s previous interviews ( not sure which one) he makes references to operating costs as being above $1000. Are you seriously naive to believe they don’t have a good idea of operating costs by now?

“Even if the operating costs are to double”. You do realise the costs are already way above $1000, George has pointed out himself costs are quite high. Even Snowking thinks costs for the first month will be around $1000, and that’s before taxes, royalties, interest payments etc. (which I now believe are at 12% due to delayed repayment) so please go figure, with the price sar around $1300 it does not look good and that’s before Canmsx’s discounted price.

We want to fast track to production to take advantage of the high prices George said. Look where we are now, no dfs, a plant that even George doesn’t know will work and dropping prices. Even if we had been a couple of months late into production e.g around May, we still would’ve benefited. I seriously think George doesn’t know what or when anything will happen

Dam just realised they haven’t even begun to start selling their shares yet

You do realise prem are also responsible for 50% of production costs to come from the prodxution of any lithium hydroxide, which I may also note is on a downward spiral.