The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Martin girl ,
You seem to miss the point that recently since I have been on here prem has risen sharply , yes we all had not seen the delays from last year .
But no one knows for certain whether we will make Thursday deadline , but I personally reckon 85-90% we get there . There is still a small doubt . But yesterdays rns tells us any issues are small . So I take the view that whether it’s Wednesday Thursday or first week in march it will happen . Prem are going to be big .
The mill working better than expected is a big big factor , but also I am watching the lithium prices . The lithium price has risen slowly but every day recently .
This will feed into spodumene , so this is the best time to get in just before production and before spodumene rises . It is not rocket science . Also takeovers tend to occur after lithium prices bottom out . So let’s watch what happens .
I think 2 p may come much quicker than anyone expects on here .
If you are correct and we dip , so be it give it a coup,e of months and we will be multiples higher . Never been more bullish
Jenkins,
Lithium rose overnight with both core lithium and pilbara shares rising .
https://www.metal.com/Chemical-Compound/201102250059
Billy ,
Hopefully rns Tuesday . You may well be correct
Martini,
You have no idea my share position , I bought Friday and I have an order in today .
I have held hundreds of millions of shares in prem and long term holder , there is no trading of prem for me . Long term hold and buy when I can . So stop lying about my shares .
Currently prem market cap is £84m : $106m
in Zimbabwe dec 2021 the nearby Arcadia mine was bought buy Huayou for $422 m . A the time the Arcadia mine had a tiny production plant producing only a few hundred tonnes of spodumene or petalite.
Prem will be producing 4000 tonnes at least soon and the mill they boguht is a mega mill capable of much more .
So what value for prem much higher than Arcadia and so if Zul u sold for just same value of Arcadia you are looking at share price of 1.25p .
Goerge has always said before this mien was built we are worth at least double arcadia , that is 2.5p
Prem wil get up to 10,000 tonnes a month and if Spodumene recovers as many think to $2000 a tonnes once can see 2.5p sooner than many think
That is why so many Prem investing are in for the long road over 5 yrs but 2024 will be our year and as even Acker says 2024 wil lbe the year prem performs as one of the best shares .
i leave you with this thought
Who will be the only company on Aim to be producing spodumene this coming week.
Acker not sure why you say I am not an investor . Been invested in prem for over five years maybe 7 years through thick and thin and continue to hold more shares than an average person .
I think you underestimate the importance to canmax of prem . They want prem to grow Zulu to produce much more than 4000 tonnes a month and will continue to be the great partner to prem to nurture Zulu up to its maximal potential . So once we produce the opposite of what you suggest will happen , I believe canmax will give prem more , not what you are sufggesting take back from prem .
Big companies are watching Zulu and prem and prem will grow as Zulu does
Martin girl , your 0.24 p prediction , does that assume no production .
Because if that is after production I am surprised .
Zulu in production will attract vultures circling and if the lithium mine down the road sold for several hundred million with almost no production , then Zulu will go for probably let no less than $500 m which is what about 1.8 p
You have been mega negative for a longtime , I have been to bullish . But let’s see who will be correct in coming week .
Production is coming very soon I believe
Acker , yes you can wait till everything flowing for three months , money in bank , George knighted etc , but by then the shares will be over 1 p .
.the whole point of investing is not waiting till everything is confirmed but buying when there is no certainty .
So first obstacle is getting to production . That’s all that matters in next five days .
Prem are going places and we are on the rocket back to 1 p this next six months in my estimate .
Acker , are you not missing the bigger picture , production opens the door for more deals . Other offtaje deals could come with money like canmsx first deal . Maybe premium placing with an off taker for other metals com8ng out ground . Production is a massive step forward . Think on Eli day simply gett8ng the license jumped us 100% . So reckon we go to 0.5 p plus before any need to think of money raise and even then George said we can use non dilution means .
Also look at lithium futures up again . I reckon in a month spodumene will be rising and it won’t take much to be profitable . Also canmsx great partners , great company will help prem to profitability
Over the last five years being in prem , you see every year or every 6 months a period when the shares race up 100% plus .
This is that time again . Prem is a beast of a share that can rocket . At time of getting the epic license it went from 0.2 to 0.43 in 24 hrs .
Two years ago went from 0..2 to 0.5
Last year it ran from 0.5 to over 1 p .
This time prem is about to deliver with production . It’s hard to believe . But it will happen in a blink the move to 0.5 p
I have always thought this last year , when prem getting producing it opens a cascade of events which will propel prem well over 1 p this year . Yes spodumene price is low , but today is the first day this month in Australia spodumene started to move up .
Holding long term will allow you to multi bag prem .
Enjoy the ride
Anglebox , with the past year of failures i can understand your comments .
Just feel after a year of problems George has learnt . I am most unhappy at Stark and promises made and there failure to produce . But Geoerge has taken a hard look at the plant and got in the OEM people and i trust them to fix the problems.
I think in a few months we will look back and say it was obvious this was going to be massive . Prems resource in ground is too good to go away , very low ferrous and high degree of spodumene in the rock . and we forget about other elements.
What i dont know is whether we meet production in feb , but what i do know is the stuff in the ground is more important than we appreciate to prem and others.
Acker , market wont wait 3 months to see if production reliable , it will rocket on confirmation of two things
1. first production even first 10 kgs
2. Sc6 of anything over 5.5 %spodumene
Yes once we get to other stages of 1000 tonnes a week we rise further , then when we go to 6% , then 6.5% .
So i expect first few bags in Febraury and shipping march , if correct then we do 100% in next 6 weeks to 0.6p
if we fail then we drop to 0.17p
It is a binary event
my thinking is we will get producing eitehr feb or march and taking the view of where will we be in 3 months . and i think much higher
following successful production several other things will fall into place and prem will become a massive success producing eventually a lot more than 40000 tonnes a month of spodumene ( like 10,000) , but also producing tantalum and petalite .
The big companies know lithium prices are having a lull , but they are forming plans for next few years and zulu with epo , will be important to these companies.
To make money here buy dips and take view of a few months to a year in my opinion . but if you have a personality of worry when it dips 20% don't invest , but if you like the story , this will become massive this year ..
After being in prem for five yrs plus with many disappointments we are on the edge of success but from past experience we refuse to believe it . If George can get producing in two weeks , with such a good robust resource from a tiny area of Zulu and epo , it will be transformational for prem . Steady income , set for increasing production over the next year or two and can max pushing for more and more spodumene . A small turn up in spodumene price and we can see prem generating $10 m then much more a month .
Yes it’s not certain , but you could be paying 0.6 p in two weeks if George produces the goods . One thing from interview George has learnt a lot about spodumene and how to produce it this last year through delays .