Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Once major investments hit lithium mines globally, the time for golden egg will be gone.
Prices will go back down to $2,500
Strike when the iron is hot George !
Profit taking/ traders definitely
Prem is moving up though
The latest pilbara auction shows how far spodumene has come in a short time
Likewise so has prem. From debt to £12 million in the bank
We know George has poor communication so hope suzhou are pushing him behind the scenes
Anyone heard from George
Any updates?
Bought 4 more million yesterday
Hopefully motherlode is correct
Any guess what we are expected to hear
I'm sure with the Chinese appetite for lithium it won't be long before we hear from George.
Every ramper says this I know but now he has someone up his behind expecting results.
Does he HAVE to publish any assay results because I feel they are coming in and handed to suzhou ?
What has occurred with suzhou other miners.
Have they completed dfs or have they started pilot mines ?
Something could be leaking
Good news to come
Suzhou after paying £12 million won't accept words like "it has the potential" or "it may be the case".
Simply they want that spodumene out the ground. They have sent boots on the ground already.
They work hard and I'm sure will make George sweat.
I expect to hear a SOLID plan in the next 3 weeks of a pilot mine or enhanced dfs.
"With great power comes great responsibility"
£12,000,000 is a lot of money in anyone's book.
I totally and fully believe George when he says we will get a update soon.
He has a responsibility to progress zulu from the people who invested in prem.
The days of "potential" and "soon" and "imminent" are gone.
Chinese will expect George to work hard for that money, making it clear to him.
If he fails to deliver anything then sure at the next agm we will vote him back as ceo like always
The Chinese won't though.
Also George is no fool. He will de-risk prem at these spodumene prices. Either partially or fully (sale of zulu).
Recession on the cards. Has the potential to drag back more riskier investments such as aim shares and prem.
Regarding the upcoming stockbox interview. It's more to do with Stockbox than prem. Just a new feature for them which prem is taking part in. So nothing expected there.
A lot of talk of RNS. I thought they would here by now.
On the other hand I think they are expanding the resource as much as possible before releasing rns.
Personally I reckon the Chinese want their money worth so are exploring zulu as much as possible.
In that interview
George basically said he didn't know what to expect when purchasing zulu over 12 years ago.
Premier african minerals don't have the technical knowledge. No shame in that.
They took a risk and won. Zulu is a big risk
To claim the reward they must sell zulu and carry on with the other claims.
To keep prem an exploration company rather than attempt at mining
Stick to what you know. Guaranteed profits rather than futher debt and placings.
Prem has dramatically changed its finances over the past 2 years
Lithium prices won't stay this high forever and time to claim the reward.
Sell 80% of zulu
Fast market- $5,750
Sp Global - $5,350
Anyone got the latest spodumene price ($)
Spot or contract
How do you work the value of the mine to sell
Is it based on a percentage of resource or income (like a business)
Redandy59,
"before you are forced"
Very good point. You or I may have purchased thousands of pounds of shares.
Some big share holders may have accumulated millions or billions of shares through leverage
BUT
I bet no one paid CASH for 3 billion shares at 0.4p for a total of £12,000,000 like suzhou did
So as much as I think they might be patient. They simply won't be as patient as we have been with George.
He has a rocket up his backside and he knows it.
So I'm not worried or decreasing my holdings at all
I think they hold what GR + JG have combined (can someone confirm)
Can or will the resource update statement occur separately from the dfs
E.g resource is .... and then 3 months later dfs report or is it at the same time
Suzhou don't want prem, they want spodumene.
They don't want to buy it on the cheap
They have 10% stakes in loads of small lithium companies. Plenty in Australia.
I think selling zulu is an option still in George's mind from the interview.
Some reason I felt we had moved passed that stage
Glad to hear he's realistic about spodumene prices in the long run.
"Suzhou TA&A has provided tremendous support in not only maintaining their 9.4% stake but also providing invaluable introductions and assistance"
Global Lithium has previously defined a total inferred mineral resource of 18.4-million tonnes, at 1.06%
Global lithium resource MCap is around £180 million
Just stating what I've read.
Good luck all
I don't see any rns soon other than issuing of those 3 billion shares.
I'm very happy to know someone to scrutinize prem's work on the dfs and maybe offer help, insight or connections
I do think George has picked up the pace. Although there is absolutely no sign of this. I feel again someone (larger shareholder than himself) on his back will make him get his act in gear.
Market cap of companies sometimes remain over or undervalue so its not necessary for prem's share price to increase during or after dfs.
On the other hand its most likely given lithium demand and increased value of prem.
Still Holding for the long term. Good luck all
Bickmaster84,
You provide very good insight and knowledge but just one thing
In one of the rns didn't he state they had done 6,000m of drilling ?