Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Yes Jake, that one. As you can see posting FT links doesn't work unless you are subbed
Can't post the FT link but if you Google "How China is winning the race for Africa’s lithium" there is an interesting article that has just come out
Cheers Acker, agree that it's a great initial price to start off from.
Hi SK, I am sure you are on top of those figures as always. The demand "evaporating" came as a surprise but also over exhaggerated. We're still ahead of the curve compared to competitors trying to catch up.
In March the spodumene 6% spot price remained above $4300 so we should be soon agreeing on the discounted rate for the first batch right? And this was agreed based on the previous months' price if i am not mistaken.
https://www.metal.com/Lithium/201906260003
This Q2 will be fire!
I've just been catching up on news, some interesting material:
https://www.cips.org/supply-management/news/2023/march/new-lithium-mine-poised-to-open-in-zimbabwe-amid-export-ban/
https://www.miningindex.co.zw/2023/03/02/news-of-a-possible-us1-75bn-deal-for-a-zimbabwe-lithium-mine-should-be-good-news-but-theres-mystery-over-the-asset/
https://www.nasdaq.com/articles/exclusive-chinese-lithium-producers-set-price-floor-as-demand-evaporates-sources-0
A.B. has a point, a few broken promises and empty deadlines here and there, especially when you compare it against the projectplan and timeline released 6 months ago. But that is the nature of these large projects, there is always something popping up.
It's actually incredible that it held up today.
Whenever it will be, I am sure we will all be ecstatic and popping champagne bottles! Let's go PREM!
Have a great weekend all
Deadline mentioned on RNS and newspapers and tweets etc is today. If no news released today then this may dip a bit on Monday due to delays in red tape and/or production. All will be fine i am sure but keep some cash on the side just in case.
Let's go PREM, finish line is right there!
Whatever it is, seems like it's good news :-)
I didn't even have time to top up this morning LOL
Let's go PREM!
It depends on the type of buyout.
Some good info explained well below:
https://www.fool.com/knowledge-center/what-happens-to-a-companys-stock-when-a-buyout-is.aspx
Interesting. Is this an "internal" press conference or is there a link for us to follow?
Yes I agree Jenkoo, will be an extension of the loan which we will pay back fairly swiftly, especially if prices stay above $4k per tonne.
Acker that i know is Zhejiang Huayou Cobalt, Sinomine Resource Group and Chengxin Lithium Group.
New kid on the block though, China Natural Resources:
https://www.mining-technology.com/news/china-natural-zimbabwe-lithium/
Either way, we're staying close to the Chinese for now.
Call me crazy but i would be happy with selling Zulu but I hope PREM keeps exploring the EPO and selling various "Zulus" along the way. Then use the same lots to sort new ores unexplored.
Would be happy to keep most of revenue with "the west" but i understand this is highly unlikely in Zimb.
.....let's not forget where we are and what we achieved by holding and accumulating these months/years. This is merely a speed bump along a successful story.
I also expected this to happen due to previous project experience and I did warn to keep some powder on the side in case (as Johnny alluded to though, only unrealistic bullish posts get attention).
I know I'll be buying tomorrow.
Stay patient, even through dips and potential placings, and remember that production will happen and lots of amazing catalysts are coming our way! Let's go PREM!
https://investingstrategy.co.uk/stock-tips/premier-african-minerals-chinese-buyout-understanding-the-mindset/?amp=1
Vroom vroom! Engines ready, let's start the race!
https://twitter.com/Premafrimin/status/1641009560335917056?t=4D4aDpHRXC8dAThqF-T0fg&s=19
Very interesting
https://investingstrategy.co.uk/stock-tips/premier-african-minerals-chinese-buyout-understanding-the-mindset/?amp=1
Best part of this tweet is not the assumption that production has begun but the fact all parts are highly movable, allowing PREM to relocate equipment anywhere along the EPO as dictated by explorative results.
Probably out buying cases of champagne to prep for the 1p party. LTHs deserve a break, poor lot been stuck since 2015-16. Talk about patience.
I also wish Bick was around, last i read he had sold 3/4 of PREM a few months back. Hope he is back in.
Amazing news Cosmo, love your posts. Thanks for the info.
As others said these are life changing moments for us, the transformation is happening at Zulu but also in our bank accounts! let's go PREM!
GR and the article said: "The local chief is busy preparing a special opening ceremony this weekend. So a lot of people are pleased with it".
If there was no ceremony this weekend than i guess he was just preparing for one and not yet actually having one. 1-2 more weeks then i assume as SK says.
Roll on the next RNS and confirmation of production! Let's go PREM!