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Very good rns
great video today .
really looking forward to Mark fairbairn visit to Zulu . lots to come from this and hoping we see lots of detail
such an exciting time .
If you glance at possible revenue figures PREM is far far to cheap .
Three scenarios for this year
1. base case is production 50000 tonnes spod a year : av price received $3800 : year revenue $190m (£155m)
2. expected case : prod 60,000 tonnes a yr , price $4100 revenue $240m (£196m)
3, Top level : prod 75,000 : price $4300 revenue $322m (£260m)
PREM market cap £215m
Going to moon , , you left your brain on the moon. Todays rns is a brilliant way prem raised the £500,000 needed through employers paying for their options . This also explains the 75 m trade yesterday . So as said earlier all now set for good news , all very clever and ready to attack 1 p again .
Well done George
Acker ,
Fully agree , look overnight at non battery grade lithium carbonate 99.2% , it’s up 5% just since yesterday .
I think this type of lithium rises first then 99.5% battery grade , then spidumene . Agree changing quicker than I thought . This is very good news for prem
https://www.metal.com/Lithium/201905160001
Lithium went up yesterday for first tiem this year
It looks like prices have bottomed and should now pick up and this is very good for prem and spodumene . last week Sand p reported spodumene back above $5000 a tone which is excellent for prem
https://www.mining.com/web/chinese-lithium-price-finally-ticks-up-after-five-month-slide/
no its not a sell its an uncrossed trade as others have said .
I am getting positive feelings about where prem are going and expect May to be a great Month for prem . New shareholders are going to do very well and pleased some are selling to let others buy at this bargain level.
Everyday since December lithium carbonate has fallen , but in last two days we can see lithium 99.2% has stopped falling and actually started to rise . So hopefully this is where we see lithium 99.5% and spodumene now put in a floor and rise l experts thought come q2 we would start to see a rise .
Great for prem
https://www.metal.com/Lithium/201905160001
yes , this is old news in that we discussed this at length about two months ago. this was to stop artizan miners exporting lithium ore , prem are concentrating the ore through their processing plant which was built with a license from zim gvt to export , so prem are all good and ready to export .
Good start today , are we going to breach 1 p , it is very likely Zulu is up and running and over the weekend videos and papers in Zimbabwe will report on zulu , hence people will want to get in before any Monday 7 am rns
Agree jenkoo and Acker , we are about to enter a very exciting times. Also I exoect a good price for sc6 in coming months which will allow for early pay off of the $34 m . Then selling sc6 willl not be at a discount . Prem moves from a speculative stock to a cash cow generating hundreds of millions in revenue . The instistions will have to come to the party and buy in . So 2 p is very likely this summer .
Enjoy the ride
cosmonaut
don't agree at all what you mean small financing as if that is a negative.
Prem dont need money at moment , they wil lbe getting $15-20m soon , but if they want say $10m to drill epo , they may ask for another premium placing , like they did last year . if you recall shares were about 0.32p and they made sushou pay 0.4p. If that happens again i expect any premium placing to be at say 1.2p. but prem are far to strong to need anything at a discount.
It is much more likely that we get a s econd off take deal , but this time get say $34m for a secodn plant plus $10m to drill epo.
This article shows the expected contract price for allkem . Expected contract price averaging $5000 April to June .
It will be great if Prem get this less the 10% .
Also they highlight the mismatched price in China https://www.tradingview.com/news/marketindex:88d09796a094b:0-5-lithium-price-insights-from-allkem-s-first-quarter-results/
Zulu looks ready to produce , judging by the videos . It can’t be long now for an rns to confirm we are producing then shipping then receiving first payement . What a journey . Prem shares keep rising , consolidate then rise again . Currently we are consolidation in narrow range 96-99 , but getting ready to blow soon . Sellers are drying up , so soon we enter next phase above 1 p .
Exoect a lot of news through rest of April and May and we should be closer to 2 p than 1 p in next couple of months
Gaza , I have had level 2 for 10 yrs and the market makers use it to deceive us . So frequently peel are not on bid level two but they are on level three .
So level two is a deceptive tool . Often when it may be strong looking bid on level two it is a lie .