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Acker - one can only assume further delays, if all was running as per the oemâs performance figures then the RNS would have been released first thing this morning? as a show of confidence. I can only see sellers jumping ship at the end of today, would you want to be trapped in this for an after hours RNS, expect to see a drop in open tomorrowâŚ.
Https://thatstocksguy.substack.com/p/prem-the-mineral-resource-update?utm_campaign=post
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SYN certainly wonât be struggling to get a JV
https://www.upstreamonline.com/energy-security/india-outlines-plans-for-67-billion-investments-to-boost-domestic-gas-sector/2-1-1594126
Milling issues resolved and Zulu is producing spodumene
https://youtu.be/la82NLaHASQ?si=7ghBA3BgR2Zv5MQ6
Imagine staying in when this news drops and you may be gutted as price goes down due to further extensions⌠well was hoping for news to land to ride the spike up but sold out as Iâve a feeling tomorrow we see an extension RNS and down we go, will buy back in on that drop
Very strange open, we see MMâs scrambling for stock as thereâs very low on offer and price is rising to 0.50! Heavily bought into I feel thereâs something brewing which is retail are not in the loop about, canmax to put shares in sticky hands!
Awaiting stockbox interview :-)
Unfortunately itâs looking like further delays here at KOD, RNS will probably land on the 31st stating an extension period and price will then drop below 0.40 as not much will happen here this year, more delays means further wait for plant build so whenever itâs finally started it will take 2 years to get running so Q1 2026 is a good aim for production here
GR has confirmed if we failed to settle the APA (Advance Purchase Amount) by 1 November 2023 at a minimum rate of 1,000 tonnes per month then $1.5m per month would indeed be payable to Canmax Nov, Dec, Jan & Feb (in cash or shares) - however it would be deducted from the APA and is not an additional penalty.
After speaking with a friend who attended the meeting the biggest 2 points I took from the conversation is the canmax deal was agreed late Friday night which is excellent news, the 2nd point is that the lab has shown grades of 6.5% this is phenomenal, we are back on track and things are now looking extremely positive, I do however agree with acker the revised timeline will need to be realistic, Iâm expecting to see production commence before the end of September, well done to all those that held through the recent times, Monday I expect very heavy buying pressure followed by more buying on Tuesday and Wednesday and then it may ease off if no news, I personally feel prem now should be in the 0.75 to 0.90 range based canmax deal and SC6 news :-)
SGM for anyone who wants to listen again or missed the meeting
https://we.tl/t-6hg55LBIJf
So in summary
1. Deal with can max signed friday night
2. No raise at moment
3. After first shipment will ask canmax for some money
4. Production likely sept
5. In lab getting 6.5% spodumene whixh is very high grade
6. Rha mill on way from rha since yesterdsy but to install stops production till mid sept
7. This mill may get us to 4000 in mid october
8. Extra mill will be in december to boost more production jan
9. New deep drilling below 200 m showing good resukts
10. Internal resource 8-10 mt indicated in south pit alone , very good
11. Li3 very good zulu2
Prem had risen almost 30% yesterday so a small pullback is hardly a dump!
-canmax in advanced talks and should see an RNS in the coming weeks saying canmax are back working with prem.
- Also the on-site lab is showing high grade spodumene concentrate (SC6)
- stark are seeing huge changes from phase 1 the spod output is visibility much better from grey to white (check linked in posts from stark employees) they are very positive with whatâs going on at Zulu, I think itâs a matter of weeks before this is running at 50% capacity
Canmax went from termination to now in advanced talks, lab showing high spod concentrate grades and plant has fixs in place thatâs all we need to know and further positive updates will follow IMO, yes itâs a shame things have taken longer than expected but this is mining check out Lars janssens linked in post âmaking history by introducing the worlds first spod detection technology, we are thrilled to announce the successful implementation of our technology at Zulu lithiumâ it was in response the the linked in post from stark with the UV sorters