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Thanks Acker, besides the tantalum discussion which frankly seems like a smoke screen to me, we are aligned. Thanks for your analysis as always. Hope PREM sorts itself out before December and we get to see the old long term bullish Acker again 👍

Acker, in a few months the debt will reach $100 million, the value of Zulu agreed between PREM and Canmax. I know you say the plant will do nothing much this year, but in your opinion how can PREM survive until then, with creditors most likely coming to knock at the door soon? What stops PREM from losing Zulu to Canmax by Xmas?

Mixed bag RNS, it's good that the test started but also highlights the larger solutions still required, and potentially extra costs for the second unit. GR even sprinkled the tantalum carrot in front of our eyes. Also judging by the lack of any leak and price action this week that nothing major has been resolved.

I think a few people owe Acker an apology. Say what you wish but the man gets it mostly right and only a few times wrong.

I wouldn't go that far, but considering the plant was switched off until a few weeks ago, gathering dust, I'd say this is the best RNS of 2025. Now we have consistsnt SC5, let's see what other improvements can be made on the next test.

I assume Enprotec will come back with a report stating there are a few fixes remaining, but if on this test run this week they can show decent levels of filtration, recoveries and the output above SC5 this will react well. Hopefully we don't need the secondary unit. Expecting news in regards to test and/or Glencore today or next week.

Phenomenal, once again above $800, finally!

Irishpickles, i did ask Chatgpt and it warned me to use this only as a visual metric and not actually as a confirmed result. It also warned that froth can be white for both positive amd negative reasons, like other contaminants, as Acker alluded to.

Reality is noone here is an expert and not even an expert can tell the difference from a zoomed out video. Let's await the results from the recoveries before we call it white gold.

Good post Alert, it certai ly is "whiter", one could assume it is because of a higher spodumene content, but i don't believe it directly indicates to a higher grade or recovery.

Hasiba, it's not the first time we see the plant working and the white froth....let's wait for official news.

To the new ones: PREM many times has released these videos, been 2 years of tweets and promises. So YES, company can release dubious videos for plant seemingly working but in reality it is not.

Having said that, it's good to see the plant churn once again, in Enprotec we trust! Give us some good news on recoveries!

Either that or someone has leaked some info, up 25% now but not very stable yet....let's see if it progresses into tomorrow.

If history is anything to go buy, yesterday's video was a ramp attempt by GR, he said many nice things but we all heard it before. He completely avoided any financial discussions. So i am expecting a rise and a placing this week or next. Curious to hear what Enprotec can achieve in the mean time.

Nice small recovery post small drop. I couldn't care less for GR anymore, I just want to hear how Enprotec is doing and how will PREM find funds to pay for staff, bills, debts, extra parts etc. And will Glencore walk away? We shall find out soon, before July ends for sure.

PREM can no longer raise? Is this a desperate attempt to rack up any spare cash?

"George Roach has agreed not to seek any repayment of the Loan until the earlier of either 21 June 2026, or an agreement from a reputable buyer acceptable to Canmax Technologies Co., Ltd ("Canmax") that they will settle and/or manage the outstanding prepayment amount plus interest owed to Canmax ("Extension"). This Extension is conditional on there being no further default under the Loan."

Agreed steward, RNS is basically saying: "This initial test run has been useful to get the dust and rust off the plant, how recoveries and inserts have still not improved the outcome and more work (AND MONEY) will be required."

Explains the price action of the last few days.

It is good to hear that the OEM will take over operations as of next Monday but I assume neither Canmax nor Glencore are very impressed by this RNS.....and neither are investors.

Hope is still alive though so more patience (and probable dilution) needed.

Lovely, above $700 finally, been a while! Spodumene/lithium prices finally hit the bottom and are slowly reversing. All we need now is some funds to keep the lights on at Zulu and some positive news on the plant test results 🙏

Yeah that was bad steward. Or how about when he stood in front of Stockbox cameras in May 2023 and said "we will be shipping spodumene to Canmax next week, I don't care if I have to be there filling bags myself" 🤣🤣

But jokes aside, I agree that this time around is different. If PREM does not fail and lose it all to Canmax (which is still a decent probability), then there will be a turnaround as there won't be space for GR's shenanigans anymore. So either bust or p0.5 at least!

Reading old RNSs and watching old Stockbox videos make my blood boil what with all the broken promises and blatant lies. Incredible how in AIM CEOs can actually get away with it. Imagine if the CEO of Nvidia or Johnson & Johnson or even Rio Tinto kept on breaking promises to their investors.

If the next RNS is operational and it contains bad news then we'll get a placing immediately and price collapses. If operational RNS contains positive test news the price will react strongly, we will probably still get a placing, but the price won't react as badly and the positive momentum will displace the negativity of the placing.

If the next RNS is just the placing, then PREM is telling us the test run was a failure without telling us its a failure.

Cheers Nomadme, seeing others make money is inspirational, it doesn't cause any jealousy. Of course I wish i had the average that you newly arrived ones have but it is what is it, I cannot blame anyone but me as I did not sell when it hit 1p and just watched it come down. Never again, lesson learnt!