Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Marinigirl ,
I think the opposite , canmax don’t have a lot of choice with supply . Other lines of spodumene supply to them have also suffered , they must appreciate it is not easy . George has kicked out stark and canmax hopefully see that George is progressing . So I hope canmax will support prem. we will soon find out . So canmax support in the vote would not only help the finances but importantly show commitment for prem whilist they get production going.
Canmax are a sensible company and they should support George who is working day and night to get the plant running at decent volumes .
So interesting day , big month ahead , but take the view of a couple of months and long term holders should do very well
Acker : i concur
The market will very quickly re rate prem and suddenly George will be thought oh highly
PREM wil lsoon switch from failign to achieve to get over the line and then woosh .
lithium and spodumene rising rapidly and the timign is perfect
ev sales look like taking off again and Acker predictiosn are correct.
we dotn know exactly what is happenign with mutare but George talsk of investment and we coudl have the euivalent of two zulus . also George said he want s to boost out put at Zulu .
so i reckon we go to 10,000 tonnes a month from Zulu by q1 2025 and we see big drilling campaign in mutare and epo .
2p is very achievable in 2025 .
i got the last 12 months wrong thanks to failure to produce but i got predictions in 2022 correct . lets see what 2024 brings .
reckon we do 100% in next two months , similar to Acker predictions.
Interesting diversity of opinions on modnay . so my pennies worth and warning i am usually wrong is dip to 0.19p with 0.20 to buy and then rise to end the day plus or minus 5% from start so finish 0.22p .
But my view is if we can produce in April and ship in April and we gt official details of Mutare deal then we rise to 0.4p plus end of April.
I hope think the momentary drop below 0.20p is short term and many people will scramble to buy then
LLoyd that not what he said , he said likely to get borrowign facility in next couple of weeks after first shipment and try to avoid any placing .
I thought a detaled honest presenation . stark not good but i am happy they have a plan to resolve issues and actually once we get producign we can look to expand .
so need patience but not as bad as i thought it would be. So this can all change in a wee kor two , but George working night and day to fix issues , which are small but stopping flowign production
I am guessing , but i am sure we will hear more soon . i reckon we can manage for a couple of months but will need a better fix in next two months , but just me putting one and one together .
had my elbow injected this week and been in agony , could not type
if i am correct then Stark to blame , but lets see what the new company think needs fixing.
Raydaar good questions
my view is we need a new sorter , like colour .
i am hoping we can get to 2000 tonnes a month for a couple of months then ramp up to 4000 may be in june and then ramp up again to 10,000 by xmas.
Mutare awaiting news on jv . rumour is it is good .
So volatile but we will rise multiple times from this price but could dip another 10% or more short term . but prem is not straightforward and is not boring , but i am sure we will succeed .
George needs to get this over the lien but i guess it is close but not there yet.
I expect April will be a better month than march for share price
Martin girl , I am here long term and I have not been I loved in any comments on tantalum .
Yes there are issues been worked out but at this stage two factors are positive , spodumene price and grade . The final part volume will rise slowly . So it is not all straightforward , but been lithium for 7 years plus and a few weeks to get volume up does not bother me .
Acker we are now seeing meaningful rises in lithium hydroxide and spodumene prices .
We are expecting photos from Zulu soon and hopefully evidence of first bags of spodumene exciting times , I expect a slow steady ramp up , but key at this stage is grades . If we can average 6.2% we get a higher price than $1060 .
Big week com8ng
Sorry here is link
https://cnevpost.com/2024/03/16/byd-chairman-china-nev-penetration-to-exceed-50-in-3-months/
Chinese ev sales drives world lithium prices .
Penetration of the Chinese market by electric vehicles was 35% in 2023 .
Last year BYD chairman forecast 50% maybe achieved end of 2024 . Now 4 weeks later last night he changed that forecast to 50% occurring in next few months .
So china this year in my opinion will see growth of over 40% plus . That will be more than expected and force lithium and spodumene pric3s up . I reckon $2000 spodumene end of year is coming
Lithium and spodumene up again, yes some frustration , but we are already able to produce 6.17% . That is progress , the volumes will build up and then we can focus on the income to prem . With lithium hydroxide at around $14,000 a tonne this is a good start . Each day it is rising . So we need to think more of where we will be in a month or so and not just this week with the share price .
Buy this dip is my plan
Thanks Acker , all lithium prices showing sustained rally .
This is great timing for prem . All we need is production and news on what are plans for Mutare and we are off to races . Exciting times . We must hear something this week . Hoping the ph system is fixed , then it will be a short period of optimisation to get grades up to sc6 levels of 5.5% to 6.2% . That may take a week or so after the fixes to plant . So my guess is full production must be less than maybe a week away . Fingers crossed
Shark , there are lots happening as prem morphs from a small sim miner into something much bigger . Prem have said cash is tight but will rapidly improve as prem ships and as lithium and spid prices rise it quickly changes . Prem may need some money , but if it ships in march it can get loans etc , but also as big players have been seen at Zulu , other deals may occur .
My personal thinking is money can easily come with another off take , whether this is for petalite or a second Zulu mine .
We are also hoping for a mutate deal . So lots of mov8ng parts and soon they will land .
So at around lithium hydroxide at $14,000 a tonne , this is my calculation.
Prem have no discount on the hydroxide deal
Canmax cost $1000 per tonne lithium hydroxide ( I may be incorrect)
Prem cost per tonne spodumene $800 plus shipping $150 so $950.
7 tonnes spodumene to create 1 tonne of lithium hydroxide ( some say 7.5 but assume we produce 6.1% spin )
Cost in total $7650 , round up to $8000 , so profit is $6000 . Prem get there cost back $950 per tonne plus profit of $3000 per tonne lithium hydroxide which is $428 per tonne of spodumene .
So prem receive $1378 per tonne spodumene .
As lithium prices rise they run up ahead of spodumene which lags the rise , this means lith hydroxide is likely to run up higher and make the profit share better in early months than the spodumene half of deal .
Bean counter , whilist your analysis is in depth , it falls down on a few points .
Firstly half the deal is not in spodumene but on profit of lithium hydroxide which is rising and is a profitable part . Yes at current spodumene price of just shy $1000 its is not profitable , but and big but if spodumene rises $100 it becomes profitable . Spodumene has fallen from $6000 to $935 . Macquarie has just came out and said we are seeing the start of a v shaped recovery . Australian lithium shares are up 25% in last month and Australian spodumene rose $100 on Friday and $20 today . You see by next week spodumene will be over $1100 and the finances start to look good .
But also can max need prem , they will help prem as they need more and more .
I would expect a second off take at Zulu and then a mutate deal .
So bean co7ntdr your analysis is thinking too short term and too small and I don’t mean that in a personal way . Prem is going to go massive in next couple of months and will succeed big time
Dubonet , I reckon we start somewhere around 5% and climb as they get the ph sorted , but where we end I reckon as a guess somewhere just over 6.2% .
Big week coming , but look to what happens next .
How big will Zulu become , what do canmax want .
Then mutate , v quiet at moment , but let’s see , at some time we will see the plans .
If we think where will prem be at Xmas , I think massive . We need to think bigger than anyone is . Acker we always thought prem would be big one day , it will come . Just needs time , Goldilocks scenario approaching , rising lithium price and rising production and perhaps more off take deals and further deals . It will be an incredible year . Acker your forecast that 2024 prem will be share of the year , can easily happen .
Shiny , you can blame stark , if i knew what was going to happen last year i woudl have sold all my shares at 1 p .
what matters is what is going to happen this year . so i suggest shares will rise , so you can sell all your shares now and we will both be happy and lets see at end of year who made more money.