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Down under something is changing with lithium shares .
https://www.marketindex.com.au/news/evening-wrap-asx-200-notches-new-record-as-pretty-much-every-lithium-and
You cansee lithium ftures started to rise sharply , then lithium carbonate and then spodumene ,
spodumene follows lithium carbonate rises usually about a month or so later . so this means we should see spodumene continue to rise in March.
On friday in Australia S and P spodumene was up $100 about 12%.
Goldilocks scenario for prem , delay production during 2023 and then just as spodumene price rises go into production in march 2024.
Expect confirmation this week of at least 5% spodumene and expect this to improve through March , to be able to ship in March . For those that don't like volatile stocks don't own prem shares , but those that like a share likely to multi bag this next few weeks and months then prem is for you. but this is not advice to buy, but i was buying thursday and friday .
The doomongers got today wrong . All the talk of collapse on share price , the non believers of the 6.1% , the months to fix the problem , the shares going to below 0.20 . So what happened we ended up today , yes blue , and it was not just due to the interviews , the buying was massive .
So interviews great we are producing , the 6.1% is not a maximum , it is also not a potential . It is real . We don’t have to wait to long as it Monday or Tuesday confirmation of sc6 .
So Monday we will see another rise and then the fun begins . We will climb and climb each m9nth . There is a lot to come and this is only the start . We will revisit 1 p . We have to look forward to after first production at Zulu , is boost to plant capacity to get up to 10,000 tonnes a month in a year . Develop mutate with likely Jv , explore and development the third site epo.
We could see 10,000 tonnes from all three sites in a few yrs and prem at least a billion dollar company . That’s why several of us invested several yrs back . We are now more derisked now that at any time , although painful times we are now through the pain .
Congrats Acker on forecasting todays price , how about guessing this Dec 31 st price , I suggest 1.2 p
Acker , it is not dire , as you poitn out spodumene rising , for working capital prem will use some loan facilities and i expect more offtake deals and money will start flowing.
we need to think a month or so down the line , we are getting over the line having just reached it and this will be much higher in later march in my opinion.
There will be some panicky short term sells early and there are a lot of us waiting to buy any dip so it will be rising after first 20 minutes today .
Wotis worth dont be daft . you don't understand how it works . firstly the majority were buys but to know that you need to have level three . secondly anyone with reasonable knowledge knows you ignore the buy and sell markers as they are wrong . come on Wotisworth you should know that .
People need a little patience , we have come from the day we got Eli license hitting 0.46 p to 1 p over a year ago nearing production , to a delay of a year , and now we are producing and clearly minor problems to sort and we are 0.33 p . In march sometime I believe we will ship and we will be up near 0.6 p . We have to think with a timeline of a month or so and not a day . If this dips a tad there will be a wave of buying . Also asks yourself 500 million share traded yesterday and we were up . Who bought so many .
Just think twice , rumours of a predator or two , high volume yesterday for no reason and now we get rns producing something . Predator time
Yes Acker ,
All lithium rose overnight and the rises are accelerating , lithium carbonate 99.5% up 3%
What timing for Prem ,
https://www.metal.com/Lithium
Look at the graph
https://www.metal.com/Lithium/201102250059
We are seeing amazing timing as spodumene up $38 in two days as lithium rise accelerates . All we need is some production. Hoping we hear today , grades I am sure will follow soon after production .
Don’t expect 7% from the start but my guess is if we start at 5% and move up
The spodumene rise is perfect tim8ng for prem . Many lithium miners shares rose steeply overnight as lithium carbonate , lithium hydroxide and at last spodumene all rose .
This is like a Goldilocks moment , prem soon into production at a time lithium prices rising . It also means predators will circle as they are not stupid , they know a bargain to take over before lithium prices rise too much and prem attains a decent valuation .
Just need to get producing
Supersport james at over 1 billion shares from less than 0.1 p to now is a decent gain . We knew dilution would be needed to go from a field to production . We always thought it would go from I th8nk 8 billion to 25 billion to get here but keep 100% of Zulu .
So I am very happy with that
Billy boy ,
Me and James have large holdings only because we bought sub 0.1 p five plus years ago and you forget we still have large holdings . We believe prem is in better place now than ever . We bought before we even had a license at expo and only a field . We now have a plant about to go into production in less than 72 hrs . So it is worth a lot more than £85 m when it should be soon worth double the price Arcadia sold to any bidder . Ie £500 m plus