focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
0.7-0.8p is still about sub £200mil market cap and we're almost at valued at such a level without any resource upgrades, without production and without a DFS.
There are explorers stage lithium companies with weaker fundamentals and not close to shipping anything that are valued higher. So, I think you'd be selling yourself very short imo, but obviously do what's best for you.
https://twitter.com/jamieflegg/status/1596182720815718400
https://twitter.com/RodneyHooper13/status/1596161656245334016
Absolutely - easy hold.
12 weeks away (maybe less) from being one of the UK's first and only lithium producers. Not just lithium, but the best kind with our mountain of spodumene. A bit foolish to sell weeks before resource upgrades and production imo.
Sellers will miss out on the resource upgrade, biggest RNS of the year.
Aggressive buying from get go. Hard to say if it's an insitution as we'd need them to cross the 3% TR1 threshold to confirm, but from my experiences in other companies, this kind of buying which has persisted for many weeks now is unlikely to be retail and more likely to be an institution of some kind.
I agree ACKER, there are new buyers coming in, some potentially large who will take the shares from those who exit early and therefore I believe the gradual rise will continue. Will we get a new TR1?
There are also several milestones that are close such as, arrival and installtion of the plant, completion of the dam, completion of plant installtion, full resource upgrade or interim upgrade, followed by an additional resource upgrade if the latter. If the interim route is selected then we may see part 1 quite soon and then part 2 early in the new year. These will sustain the share price and drive us forward.
Then the plant commisions.
Following commencement of production attention will also come back to the DFS. Revenues will begin flowing. Now it seems a new potentiallity is the announcement of a 2nd plant, if todays tweet was a hint for us investors.
Maybe we also recieve offers for the company.
Given all of the above, I shall hold well into 2023.
Market cap is better, but a fair market value is about £200-£300million before first production, considering its so close and there are resource upgrades in the pipeline. This is still cheaper than many other lithium companies on the ASX and Nasdaq. £500million is where I see this by the middle of next year (around 2pence per share) and then over by the end of 2023.
Dam looks good and progressing well, accomodation camps nearly done, plant zone looks cleared for equipment and construction. Feb 15th close now, but maybe hot commission comes earlier than the target date.
Our product is in very short supply and is needed by the global automobile industry to build the next fleet of cars for the forseeable future, in every country over time. This is cemented by climate and green policy that is now a obligation for every major economy to fulfill.
Physical real world assets wins out for obvious reasons.
https://www.ig.com/uk/news-and-trade-ideas/best-uk-shares-to-buy-in-december-2022-221109
I've seen a few companies rise up to 100% following the publication of an upgraded resource and particularly with lithium I tend to see the resource upgrades have a bigger impact on the share price. Likely as the value of it is always rising and it is a hot sector in general.
Shame to here about ARB, I know of a few who suffered there. The risk of following the trends of Bitcoin/crypto was too great for me.
Green transition and EV switch which is backed by global Governments in policy (with continious pressure to do more), which in turn has driven EV demand one way, which in turn is driving up the lithium price week after week leads me to believe your fortunes will be different here. Along with backing from China.
GGP market value has been around 400-500million in recent times, yet they only actually own 30% of their gold project and they won't be producing anything until 2024, is that correct? Compare that to this company with 100% ownership, 100million value and producing in 3 months time, makes me think we'll have a sharp correction to our market value in the very near future. Lithium is also a much hotter sector than gold.
1-2 decent RNS, lets say:
1. resource upgrade (interim or full)
2. plant installation and production commencing ahead of schedule
And around the 1p mark is possible by the time the markets close for Christmas.
If you've managed to buy in at 0.3-0.5p then well done.
0.62p if you look at short-term charting. But better to look at, incoming news flow, production and revenues that can get this to about 1-2p in the not too distant future.
Suzhou in it for the lithium, as much as we can give them in George's own words and they have plenty of cash with record profits this year. Their % holding of PREM is also tied to the offtake.
To add, I am in without the confirmation of resource, as I have looked at historical assays, this years assays, followed news, investor chats and know what Chinese investment means. They also wouldn't be going to production so early otherwise. The first big target of 60-80mt seems very achieveable over time and I'd be happy if the interim upgrade and then the follow-up takes this to about 30mt and then we get to 60mt later next year.
PREM lacks a confirmed resource at present and until the company has one there'll be many on the sidelines who won't commit until it's in. Once the company is able to deliver this, much more money will flow in as it de-risks the investment case by ticking the last box.
There seems to be a good level of confidence that an interim resource upgrade is due this month, so a big event, arguably the biggest news of the year will catch out flippers. Let's see if it comes after hours or next week.
Late buy just short of 33mil shares. Someone can see where this is going very soon.