Member Info for Nhjj

Excuse the typo $1000 per month

And how exactly do you know this snowking. We have not produced or shipped anything of saleable value to date so you can’t claim costs will come down to the amount you say. Also I think you know very well that costs will be well over $10000 per month so please don’t try and spin this. Let’s just say The price settles around $1300-1400 and our costs are around $1500, you then have take into account Canmax’s 10-15% discount plus the tax’s/royalties to the government and it’s pretty obvious where this leaves prem, so it’s not looking good at all.

Spodumene price falling again, now at 1,360. If this continues we may possibly end up suspending operations or cutting back on production just like core lithium have. Given our costs are so high there’s no way we could push ahead. From a business perspective it would make no sense. Not sure how we would appease CANMAX.

What said Stark is going to be dismissed next year? Even if that is remotely true I dread to think about the delays this could cause

Just pointing out something BizTech mentioned in his video. This whole hand sorting, visual inspection I.e looking at what rocks are white and which aren’t, are big red flags imo. How much time and money is gonna be wasted on all this manual labour and if so what the hell is the point of the plant if it can’t even do its job. Whats gonna be next, throw the sorters out and bring in something else. I'm sorry but all this seems like a long shot.

Not an interview but a podcast which also includes discussion on 4 other companies. Looks like yesterday’s interview will be the last we’ll be hearing of prem until the new year. Unless somone decides to start a ridiculous ramp

Sorry mean to say at the end, Stark themselves have not said the ore body is the issue but seems like this is what they are inferring

George seemed very firm when he mentioned Stark and that it was their job to get the sorters working. Seems like to me Stark may be in disagreement as the actual ore body is the issue and not the sorters. I recall Stark mentioned in one of their interviews that the plant is working as it should and the issue is what’s in the ground is not up to scratch.

When asked about a possible general meeting to increase the headroom, he said it’s not something to be thinking about now but something for the new year( guessing he doesn’t want to deliver a stinker before christmas) surprised it would be so quick. Just goes to show how much cash they are burning through.

Btw here is a link to a page where you will find any announcement or news coming out of Canamx and as you can see there is nothing about prem or Li3.

https://www.futunn.com/en/stock/300390-SZ/news/news

Hmm seems quite a few people here have bought in the range between 0.23-0.24 over the last couple of days and will be looking for their 10% next week ready to dump before Christmas.

He has used the word principally in at least a few of the last funding RNS’s, so nothing new in that aspect.

I guess we’ll find out Monday morning, and if not everyone will have just been shamelessly ramping for another pump and dump.

CANMAX can’t have purchased it as they would’ve had to do a press release or announcement and if you look there is no announcement or news concerning this. Also for some even suggesting prem did a placing for this reason is laughable. They need any money they can get for Zulu and this alone! I’m guessing this is the weekend ramp in progress. Everyone seems to have forgotten there are hundreds of millions of shared to churn through.

It can’t be Goddard as they have a 20 day lock-in period if they want to sell from whenever their shares are admitted to the market. It appears it’s the ‘institutional investors’ selling.

https://www.nasdaq.com/articles/electric-vehicle-giant-byd-in-talks-to-buy-lithium-mines-in-africa-per-reports?amp