Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I think this is end of May - not March.. GR said if there was a delay they'd inform the market and the last update implied no delay getting spod produced / shipped by the end of March. GR comes across as very relaxed and so am I.
We probably get some news before this Stockbox on March 22nd.
Conversatively see PREMs market value increase 3-5x from here through this year, as it's too low for producer with strong fundamentals. 1-2x to £300-400mil won't cut it when a offer to buy would be expected in the £500-1billion range. I think some on the sidelines can't shake how this used to be a company driven by rumours, but those days are now long gone and the value is simply moving according to the move towards production and then when producing.
I see you're a naturally born liar then Daz/CMVI. Why should anyone trust you what you say now?
21st Jan 2023 CMVI in Kodal Telegram said:
"Suzoh is also not miners. They make gloves. Hainan are ore miners."
22nd Jan 2023, Daz on the Kodal LSE forum said:
"*suzoh make gloves are not miners."
Just a coincidence then you have two different people making the same very particular point trying to discredit SuzhoU (oh I see you both also missed the 'u'! just by chance eh?). So not just vile, but also a coward who lies behind a computer screen. :(
They're weekend warriors, Daz (or CMVI in the Kodal Telegram) with 18 posts yesterday and Laverda with 10 and more today, looking to waste more of their weekend on the internet to see if they can stop the price from rising. But unfortunately for them, PREM has had hundreds of little haters who have tried to talk it down and it hasn't stopped it rising nearly 2000% from lows and this year there'll be production, resource upgrades, DFS +more all to make it rise much higher from here. What a monumental waste of their time, as well as self inflated arrogance thinking they make a difference to the story here. I do feel sorry for their family/friends too, who must be concerned why they spend so much time in their mothers basement each day and never go outside. ;(
PREM is priced at £145.10M and Zulu is entirely owned by the company.
Leo Lithium in troubled Mali priced at £344.14M and is part owned by the Mali Gov.
Thanks for putting this on my radar Laverda as it shows how much PREM has to rise from here with so much happening in one year. :)
It's an incredible achievement what's been build at Zulu in roughly 6 months. The plant, the dam, the accomodation camp, offices, roads, storage facilities and other bits of infastructure.
Not just set to be the first lithium producer, but more importantly spodumene and 6% grade will be proven aka same as Pilbara Minerals and all with full 100% ownership of the asset retained.
Joined in as I see the market value of Kodal doubling from here in the near-term.
PREM extracts the rocks, runs them through the plant and processes to battery grade spodumene or SC6 at the Zulu site, this is then shipped to China to Suzhou where they convert it and pass it over to CATL who then create over 35% of EV batteries with it for most vehicle manufacturers. In the near future PREM have the option to sell the spodumene to Chinese companies who have built conversion facilities within the country and won't need to ship to China.
Happy to be shot down later if incorrect, but I think a delay RNS is quite unlikely because PREM have only unofficially stated the commission date which is Feb 14th or February in the presentation and officially stated Q1 in an RNS. This gives team 2 weeks of leeway from Feb-14th to meet the Feb commission target and 6 weeks of leeway to meet the Q1 target. If the date slips beyond end of March, which I don't think it will, only then would they RNS a delay.
From what we can see, the dam looks close to finished and on schedule, the camp looks complete, Jabulani and Twitter showing mining is commencing on schedul,e so last piece of the puzzle seems to be getting the final equipment components in, which George said would come by end of this month. They have until Feb 28th to meet most shareholders expectation of the plant operating in Feb. I think we'll be fine and worst case it kicks off in March as things stand. Good luck to all invested.
I suggest listening to Mr Pei, the Chairman of Suzhou who are backing PREM, part owner of CATL, the worlds largest battery producer and in the top 200th richest people in the world regarding his throughts on Zimbabwe, PREM and George. Videos at the link of him on site at Zulu Lithium speaking with translations by his partner.
https://twitter.com/nqobilebhebhe/status/1614606303191617545
https://twitter.com/nqobilebhebhe/status/1614248214911131652
@Laverda
1. PREM's Zulu is a mining claim, licence included
2. Won't need finance, with revenues expected to be $200-300mil year 1 from production in Feb
3. To get a gold project into production takes a lot of capital, gold explorers are valued as dirt and if KOD's lithium went belly up, you'd be left with an exploration project only
Interesting I thought from George to let us know he'll meet the Chinese this week at Zulu, which he said with some excitement. Could they be about to make their first offer before lift off?
Shares in the 0.5p and then 0.6p range will be consumed soon enough and this will be trading over 1p in Q1.
Newsflow for Jan and beginning of the year sounds immense. Can't wait to see this rocket over 0.2p again.
Will be late 2024 until this see's production. Assuming Gov approves, assuming finance is recieved and Mali doesn't slip into chaos.
SC6 will remain inflated as it's the highest quality and grade of the stuff and todays Pilbara Minerals auction put it at $8,300 a tonne. Contract spodumene is still at record highs and hasn't moved. $5,510 a tonne exluding tax so more like $6,000. https://www.metal.com/Lithium/201906260003
Fantastic opportunity to get in under 0.5pence first thing tomorrow AM with the MMs bringing the market down today. With 8 weeks to go until production this will bounce hard and above 0.7p Jan-Feb.
Lock and load.
If the company wants to get into production by the end of 2023 and it's 12 months from financing to commencement, then the deal will need to be struck by the end of this year, aka this month in these last few trading weeks.
I have a few million shares here and would add a lot more post financing.
My gut tells me we'll get 2 RNS releases this month.
One being an update for Zulu progress and the other a resource upgrade. I think George will want to deliver the resource upgrade in 2022.
SP looks fairly set above 0.55p. I have some funds ready if it goes below this level, although not sure if it will.
They'll upload it to their pages like YouTube.
He's using Stockbox as usual, with Telegram being the hosting platform.