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That was one wild green 15min candle, hit p0.067. Did anyone see any odd transactions on level 2?

I am surprised this is not being discussed much here, but this piece of news is a big deal.

China for over a decade has stockpiled so many rare earth minerals that by controlling the amount stored, they can simply manage the global demand and offer, and therefore the global prices. Trump wants to break that dominance and is pleadging to invest billions into the sector to counterbalance China's global power.

I think it was about time and hope the US succeeds, not only to restore some global order but, in a smaller scale, also to allow other Western parties, like Glencore, to potentially show some support for the various projects across Africa like PREM.

Spodumene prices rising, US getting involved to pump billions, lithium batteries are still the only viable option for EVs, GR leaving, plant finally showing signs of life etc. Not going to lie, seems to me like SOME of the main pieces of the puzzle are starting to fall into place. PREM is well positioned, if it weren't for this chokong debt they are accumulating. But, unless Glencore and Canmax pull the rug under PREM's feet, I have faith we may be seeing some positive and constructive months ahead of us. Holding strong at p0.3 and still looking for a solid reason to massively average down!

https://www.ndtv.com/world-news/trump-plans-to-invest-billions-in-us-rare-earths-to-cut-chinas-grip-9167395

Bally, you know the worst part about that? It's that I could actually see that happening. But I hope he steps aside and continues to explore the EPO and maintain political relations with the Zimb government. For the rest, he needs to leave the operations to Graham Hill.

But Jaglith, i though this would rocket once US market opened today?? 🤣🤣🤣

RNS about operational way forward and about Fri 5th Sept share consolidation is expected this week or the next, we wait patiently. I do agree that improvements have been made though, i agree with others that p0.1 is very achievable. But market is king, market knows how to react to actual positive news. The muted reaction so far is telling.

Bunch of clowns mate, hundreds of messages a week about wishes and hopes, none ever coming to fruition. I agree that a slow and steady movement upwards is much healthier. Then when actual positive news lands it will run. But talks of 1p by end of week or buyouts of $500 million makes you understand the difference between noobs without a clue and actual investors.

Nice, thanks Acker. I am not 100% sure an EGM will be called as I feel that the plant, with or without the secondary floatation unit, will be able to produce a few tonnes of spodumene that is saleable against the existing debt. There is the issue with the sorters of course, so hand sorting is not ideal and can only produce small batches in the short term but I am also confident the OEMs will continue their positive work and resolve this matter. Glencore is encouraged by the positive progress and may provide some small support.

Addittionally, as Zimbabwe bans the export of lithium concentrate from 2027, I reckon Canmax and Glencore may also come together to find solutions to refine the product domestically, making all parties happy. PREM would therefore not need an export licence as the majors would apply for one and certainly gain it. The Chinese after all, since 2021, have invested more tham $1 billion in the country.

Just my thoughts of course, but i feel a renewed enthusiasm in this project, the next 4 weeks will be telling.

Acker, in regards to your posts about the upcoming 4 RNSs, i agree with most but do you think there is no alternative to an EGM and another giant round of dilution? Is there no option such as Glencore reaching in their wallet seeing the positive proress made? Or Glencore buying shares? And what do you think comes first, the consolidation or the EGM you mention?

Side note, what's your gut feeling/impression of Graham Hill?

Oh no, SK is back, the paid ramper on George's pay roll. Have you managed to have dinners also with Graham Hill? You use to be one of the best here, then you lost so much credibility. Has Dead Eye Beaky been kicked out of the house after spending and losing his parent's money? I wonder how many newbies got suckered into your narrative and are now down badly.

At least Acker has the decency of saying when he is on the sidelines, trading it or going long.

Steward1, we were wondering when GR would use his last headroom, here we are. And Acker, you once again nailed it: news this week, 2 RNSs, one operational and one to raise. Well done chaps.

Personally this raise doesn't bother me at all as over the next fortnight OEMs, PREM and Glencore/Canmax are exploring the way forward and will formulate a plan. I am pretty sure they will want to purchase that secondary floatation unit and agree on the self imposed 5th September deadline for a 10 to 1 consolidation. Events are unfolding fast, there is more excitement and interest for the near future. I am feeling more confident. New RNS within a fortnight.

Good interview, nice to hear Graham speak, good to hear tomorrow further meetings with OEMs begin, good to hear Glencore is pleased and have done a second site visit and surprised to hear some spodumene has "effectively already been sold". Future looks brighter! Bring on the negotiations and a new plan forward!

Acker, there are some strong positives here. Yes it is still not fully up to production standards, but surely you see the potential this report has. Glencore may very well step in now with financial support as they like what they are hearing/seeing. Enprotec has done wonders and even if the secondary unit is needed, I see no obstacles for either a raise or new funds coming in. This is a good RNS and refining and optimising are results we have been waiting for for a long time.

What will it take for you to turn long term bull again mate? IF negotiations proceed positively, and Glencore confirms LOI and funds, I will be averaging down massively. We could hear such news over the next few weeks.

The funny this is that you could both be right. I still expect news this week. Can we have Xmas early please?

I think most of us are prepared for the worse but hoping for the best. I haven't bought shares since 2023 but if the incredible happens and all of a sudden they report that the plant can function successfully and continuously, i'll be dumping my emergency fund here and averaging down massively. The IF in this statement is one of hope of course, the rational part of me is pretty certain an RNS will drop this week with not such great news. I hope to hear more from Graham though as GR is still dominating all communications still. Does PREM need to release an official RNS to confirm GR's departure or can he just sail into the sunset under the radar? And how will the company settle his outstanding debt of a couple of million dollars?

It's a terrible picture Acker, but a realistic one. But some here will tell you that this is nonsense, just negative talk as they are sure that the plant, which has produced NOTHING in 24 months, is now on the brink to finally go live and kick out tons of wonderdul SC6. Even when GR tells the world that there is still work to do and more funds will be needed, some here still convince themselves of what they think is the truth, as if there were some parallel universe us realists are not part of. They think they are with Matthew McConaughey behind the bookshelf!

PREM owes about $80 million to Canmax. As per Contractual agreement Canmax can take Zulu and the plant as collateral to that debt. Zulu has been contractually valued at $100 million. Only 3-4 more months until the $100 million amount is reached in debt.

Either some magical investor shows up with $10-20 million in support (maybe Elon Musk right?!) or that bl00dy plant is finally somehow sorted once and for all. It's been 24 months of tweaks and improvements and dilution, and still no clean product PREM can sell and no consistency. I am obviously praying the plant is fixed otherwise I have no clue how this company will survive into 2026 and no clue how I will ever even brake even from a -90% position.

Not looking good chaps, next RNS won't be pretty judging by the drop this week and radio silence from Zulu. GR going out on a low note (unless he gets paid what he is owed and then he'll be just fine). I sometimes still wish PREM would have gone through the official channels and through a definitive feasibility study instead of trying to develop this project "solo".

Anunnaki is right, commodities are priced in US dollars, so a weaker dollar makes the commodities cheaper for those buying in foreign currencies (yuan, euro, gbp etc). Also, usually, when the dollar weakens, investors buy into hard assets like commodities. Having said that, and having read the article Acker posted yesterday, China is worried about oversupplying the market with lithium, hence them now trying to regulate stockpiles, demand and offer, and therefore prices. Oversupply worries may overshadow a falling dollar and a rise in commodity prices such as lithium.

Bit I agree with Acker, once again, that spodumene will reach at least $1000 per tonne before the Chinese 30th Sept deadline and with the first FED rate cuts bound to happen in Sept.

No idea, not even sure how long they intend to work on it during this test. I just hope PREM can survive past December and not collapse or lose Zulu because of growing debts. Everything crossed 🤞

GR has tried his luck at manganese, tantalum, potash, gold and lithium. Hasn't produced a tea spoon of any of these.

To his credit, he is a decent explorer, just not a developer or miner. Bye George, have fun exploring other parts of the EPO or new opportunities for PREM.

With all the money GR made off of our backs, I am sure he'll be fine. Personally I look forward to seeing him out. That last RNS and interview made me shiver.

Was the length of this current test specified anywhere? Apologies if I missed it. So far sp is calm so no leak of positive news yet.

Great to see Spod above $900, been a while.

Hhhmmmm charts