Member Info for ProfitBags

It is starting to become so real! Let's go!
https://www.chronicle.co.zw/insiza-lithium-project-progress-impresses-investor/

GR is away and will be back to the office end of week, i'll get a reply then or next week.

Alert, strange to hear your emails are going unanswered.

Acker, I just wrote to IR asking:
- Have all lorries now crossed the SA border?
- Is all equipment now at site?
- Is hot commissioning 15th Feb or delayed?
- Does PREM have sufficient funds or require placing over the next few weeks/months

Will let you know once I receive a reply.

Was just about to post the same

https://www.herald.co.zw/insiza-lithium-mine-readies-families-relocation-starts/

Well done PREM, helping the local community with housing and irrigation.

That's what I have been saying, some slippage in a project this size is normal and acceptable.

However seems like the 24/7 shifts are over as deemed not necessary anymore. Night shift is cut.
This is a good sign!
https://twitter.com/ChronicleZim/status/1622994843277438985?s=20&t=bC264drEd1akTo8IZpo_mg

Thanks a lot Alert!
Site looks amazing, well done for the progress. Video shows the extent of this pilot plant, looks more like a mini mining operation. Doesn't look quite finished yet (comparing it to the design plans shared by PREM) but i reckon 1-2 weeks away if all parts have crossed the SA border.

This dam was one of my worries but with water present and the wall up to nearly 20 feet, it actually looks close to completion, well done PREM!

Personally i am not surprised at all, I already knew that sp growth would not be linear.
However, this moves fast and when it does it will be unexpected and break the 0.60 resistance.

Taking a wild stab in the dark:
A stable P0.65 by end of Q1
A stable P0.75 by end of Q2
A stable 0.90-1p by end of Q4 highly dependant on RUS, DFS and discussions around future projects within EPO together with EPO grant extension.
Took a screenshot, let's see how far off i will be.

Alert, please keep us updated with the journalists journey as we get more updates from them than from PREM.

Good call s.j.w., an excellent article indeed.

https://ukinvestormagazine.co.uk/premier-african-minerals-ftse-aim-miner-of-2023/

I look forward to the day it reads:
"A total of 345,000 tonnes of processed lithium were produced by PREM so far..." :-)

https://twitter.com/Premafrimin/status/1618976641723555859?s=20&t=Ts3fz9Fe0bQxN_p9EaRPkg

Gents, great job. Always a pleasure to "work" with you.
We are starving for news, let's hope this next RNS satisfies our never ending appetite to be in "the know".

As per Investor Relations, PREM is working on releasing news via RNS as we speak. So i assume it will be released sometime next week.
Fingers crossed for some good updates.

Jenkoo, Alert, I reckon you will get a similar reply.

I believe RR is correct,i would only add that Suzhou, once they receive the spodumene from us, they send it to their lithium hydroxide manufacturer, Yibin Tianyi, whom in turn send the battery grade product to CATL.
Then those batteries end up in Fords, Volvos, Teslas and other chinese ev makers.

And if that pic is actually recent,there is a lot of equipment that still needs to arrive and be built. Either way not much confidence in these tweets anymore.

We are so close to target, i wish GR managed our expectations a tiny bit more.

Wow this image is old....there was way more equipment on the ground when Pei and GR were taking photos together....
Alert, i wrote to Wilna as well, maybe with a two pronged approach we might go somehwere.

Cosmo i totally agree with you, but GR in Sept said the RUS would be close by and now in Dec said it is not part of their plans currently. I doubt PREM will be digging "blind" but to get a whole public update by launch of production seems unlikely now, but again, hopefully you are right. But i assume they have that info, so i bet they rather start production first and allow their findings to compliment a new resource definition and eventually a DFS later down the road.

You say you don't care what Suzhou wants but they are paying for all of this so they can get their spodumene, they are not paying PREM to get their resources updated yet. I assure you GR is dancing to their tune right now, precisely due to the strategy they chose to go for as you outlined. This is not a bad thing, it just is what it is based on corporate strategies.

Risks are still there and silence has not brought many positive developments in the past as steward1 said (anyone remembers LIBS and other wonderful projects that went silent like Lingonia Gold?)...market knows this and are waiting for PREM to prove if we actually have all that spodumene forecasted and promised to Suzhou. We'll only find out after the first batch has gone out.

In the mean time i expect an sp increase between now and actual start of production to at least .65. Also not panicking as I trust what Zulu and EPO contain, we just don't have official company confirmation of this yet.

Alert, thanks, good point on the journalists releasing info quicker than PREM, curious to see their reply.
Cosmo i think inferred resources is what we will have until a proper definition is provided. GR is more concerned with launching the pilot plant than RUS and DFS at the moment. Suzhou wants spodumene, they could care less about our definitions, as long as we give them the tonnage GR promised them.....so Zulu better contain what we promised.....

I'm not worried either but delays in such large projects are somewhat normal and acceptable.
As Acker said, in the abscence of actual factual news we are just speculating and having a little fun. Hopefully my list is fully wrong but not stressing, actually bought more yesterday.

Alert, i avoid asking Wilna for these things as there is nothing her nor GR can say if not RNSed. What do you reckon?

My heart says "Relax, it will all come good eventually" but my gut is telling me:
- Slight delays in parts arriving
- Slight delays in the dam completion
- Testing to begin end of Feb/early Mar and continue 1-2 weeks
- Production to begin mid-end of March unless there are more delays/snagging/machinery fixes etc.
- Re rate in March/April will bring SP to .65-.70
- No further re rates until quantities and qualities of what Zulu has on the ground are defined through a RUS ( I assume sometime in Q3)
- DFS will be conpleted Q3-Q4 this year
- News of expansions of current plant or further developed areas across EPO in Q3-Q4 2023
- 1p reached no earlier than end of Q3 2023 but more likely sometime in Q4

Let's see how healthy my gut bacteria is LOL

Finally the conference video is out. Good info and lots of positivity from Mr. Roach, would have preferred to see a longer Q&A but happy with the content albeit nothing major we did not already know.

If I am not mistaken in a few weeks PREM should be able to turn on the pilot plant and commence testing phase....getting exciting now!