The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Very impressive results we are seeing so far, lately I’m happy with the news flow as we’re seeing assays, great presentation, media coverage and regular updates from prem regarding the team and pilot plant. This is taking a huge step in the right direction and I’m sure we’re all looking forward to Q1 2023 :)
It appears they can’t using the placing scare mongering so they switch to the rumour of options to add shares in 2025, this wasn’t mentioned last night and hasn’t been mentioned anywhere else! I have news that if you think this is going no where until 2025 then your wrong, look at the output starting with 4,000 tonnes and then look at the pricing of spod, increasing to 70,000 tonnes!! We are estimating to be making over $280m after the first year :)
https://twitter.com/MarkEJFairbairn/status/1546547650450833408?t=UhhQqrD40zsXI7uC64I_UQ&s=09
I’ve been holding here for a little while now, I don’t have a large holding but I’m fed up of watching the price drift and not receiving any news from the BOD it’s literally radio silence, I was hoping for news similar to a competitor who will take advantage of these high prices so I think it’s time to sell here whilst in a small profit and move on, GLA I hope it works out for you guys :-)
Snowking - yes I meant to say Q1 next year prem will be selling spodumene to suzhou for between $4,000 and $4,500 but the good news is the discount is an agreed price, so if the price of spodumene continues to rise and the average goes up then guess what, suzhou then has to pay the new average, so who know we may even be selling them it at $5,000 at the rate it is increasing!
“There’s no friends in business” so that answers your question, the Chinese wouldn’t hand out close to £50million as a friendly gesture, they’ve been to site carried out DD and both suzhou and prem are both looking to get what they want, prem get into production for free and suzhou get a small discount on spodumene until the loan is paid off then prem can sell to anyone they want, I say “free” as we borrow from suzhou to set up the mine then suzhou are buying the spod from that mine, therefore it’s a free mine in my opinion, that goes to show how desperate suzhou are for spodumene if they’re willing to give an interest free loan out, I agree confidence is low in GR but things seem to be changing and come Q3 next year prem will be in an unbelievable position!
Daz - GR said in the recent interview that the discounted price is taken from the average of fast markets, roughly $4,000 and also worth noting george did say we can pay that loan off as quick as we like and then sell to others so therefore prem will certainly be making the most of these high prices, I suggest you invest now instead of trying to talk this down for a better price that you may not get!
For anyone wondering daz is not invested here but is invested in kodal, however spends every day on this prem board to tell us all how bad prem is and how we shouldn’t invest, he appears to know more than suzhou as they invested £12m into prem at a premium price of 0.40 and then provided the funds to build the pilot mine interest free, I’m not sure a $5bn+ company would invest all their time and money if this was a terrible investment, they clearly see a big future in prem :-) GLA
Live interview - https://m.youtube.com/watch?v=5GBNTvQGid4&feature=youtu.be
Daz - no offence but from what I gather your no expert, I’m sure that suzhou a multi billion $ company know the best route to take, like I said yesterday you aren’t invested now we get positive news you jump to something else to complain about, but anyway suzhou mustn’t know what they’re doing and daz from an LSE board who hasn’t done any DD on site or even invested knows the best route for prem :’)
Please see link for evidence :-)
https://www.prospectresources.com.au/projects/arcadia-lithium-project
Daz - I think you will find your wrong, arcadia announced the development of a pilot mine in November 2020 and that pilot mine was in production around July 2021, that is 8 months? Can prem announce a mine before the end of July and based on the time scale arcadia completed in that means prem could be producing in Q1 2023, I don’t know why people are so negative about the possibility of prem trying to get into production as it’s a positive step, but then again you aren’t even invested here so that does explain it for you :-) GLA
Bickmaster - I would love to hear you elaborate on what a good deal would be in your opinion? So far every decision GR makes you seem to say it’s terrible, I’m not having a go at you but just trying to understand what would be a good deal in your terms, let’s remember we’re talking millions of $’s and considering prem is at the very beginning of trying to transform into a multi billion £ co, I feel we need to take bigger risks now so that once we explore the EPO we will have hundred of millions in the bank and we don’t need to make any risky deals, prem could do as they please with the findings in the epo, the epo is so big it will probably be split up into sections so who knows they may decide to mine some areas and sell 100% of some areas, that’s a conversation for a later day as for now it’s all focus on Zulu! I can only agree with jamgoo, multiple pennies within the next 18 month so I’m happy to hold and for those who trade good luck we all have our own investment strategy and instead of shooting each other down we should all remember it’s us against the market, I think we will all do very well from here! :-)
My take of the RNS is that we will receive interest free cash from the Chinese and be repaid in spodumene just like I said about 3 weeks ago to bickmaster.
18,000 meters drilled is impressive only 2,000 more to go for DFS completion.
I believe another RNS will be due to land over the next few weeks which will include the funding and that 20,000 meters have now been drilled, all in all it’s an update to say the pilot mine is the next step but funding with the Chinese is still in discussions
I can confirm he talks utter rubbish, the SP wouldn’t move on pump and dump rumours as the volumes were too big and retail trades would struggle to pump and dump, the reason for the rise is due to the fact that an RNS is due regarding the pilot mine, RUS, assays and DFS that’s why this is now moving not because of a pump and dump :’)
Great post M_Night, I can only side with you on the facts that from here we will be north of 2p in the next few years, I strongly believe big news is coming and this RNS proves it, whether we go into production or sell Zulu either way we will see north of 2p and I expect to 10 bag from here by the end of 2024 :-)