George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Not been on here for a while . Spoke to a few people .
Pivotal month , will Stark fix the plant , will the grades be good .
We should hear more on Wednesday , but prem are now well backed by canmax . Just look at their capacity 110,000 tonnes lithium hydroxide . They feed ore , lipodilte and spodumene into their plant . They want just spodumene in ideal world . They will need 880,000 tonnes per year of spodumene . I reckon we will see next year prem producing 100,000 tonnes and growing .
Taking the medium term view prem will ten bag .
Good luck all
It seems the perfect storm ,
Placing over hang cleared
Some of placing went to an institutional holder ; are they buying ?
News due very soon on Zulu plant
Rumours plant fix go8ng well .
If prem can produce ear
Ire than november then this will rocket , prem only have to produce 1000 tonnes a month .
Could we see much more next year .
Time to take your positi9ns and whilist some of us who predicted 2 p in early 2024 were given abuse , we will have the last laugh .
Good luck and fasten seats for a great ride starting today .
Just think on what George said at the min8ng meeting on likely production target summer of 2024 .
Johny , Institutional buying , just watch , do you not think the shares have behaved strangely since placing , not going down to placing price and rising and churn over very quickly .
However having met with shore capital analysts it is probably to early for institutional investors we need steady production of sc6. .
Roman replying to your comments , i have had a spreadbet for 5 years and i have moved more of these into fully paid for shares so that i could vote so no idea what you mean having a spreadbet is better to protect against capitals gain tax , especially as these will double soon
Not been on hear for. While .
Fully funded and awaiting production , so where is the stock box interview , I wonder , so good week ahead . , we await production , we await other news .
Those who sold out will miss the ride . Acker this is coming good , but don’t wait a year , just next two months
There are no more delays , the rns says produc8ng in July . That is good news , stop spreading rubbish.
The previous age was high jacked by the Chinese with their last minute vote . This time shareholders will make a bigger effort to vote .
The good news is the new equipment in installed .
Ray dar , you boast a cv to try to look credible but you have no idea what is going on , even when George interview tells you he is busy with several companies talking to prem .
The trouble is when you call prem to go down and it keeps going up , you still spout your rubbish .
Prem will be several pence and you will be saying still you are correct .
I built up a big holding , by continual accumulating and buying the dips .
You won’t get rich spouting your rubbish negativity . You got to have millions of prem shares to be in the game to make life changing money . Those that do could well become millionaires , but not 100% , but a very good chance .
With two great interviews we have a better idea of where prem is going.
Two important events
1. Getting plant fixed and up to 50% capacity : sometime late July is my take .
2, getting an off take new partner .
Both should happen in July , so if they do we will be probably at 1.20p .
Canmax may get a new deal but I put odds on a new company .
Exciting times .
Puma , you already said something stupid that George will sell his shares to support prem . That is a complete misunderstanding of what is happening or simply a lie .
To suggest such a think is dumb .
For those who don’t like me buying prem shares when they are undervalued , it is the brave who make a lot of money in stocks like Prem .
For those wondering about how prem is going to find $35 m or so , it is not rocket science . I say it is another off take agreement . Did those who doubt this miss watching the interview only last night . Did you miss the fact George is talking to many many companies . Why do you think he is talking to them , to arrange a game of golf . Why did already companies want to visit Zulu , why did George say serious interest being shown . For those who not worked it out, it is for a new OFF TAKE DEAL .
Prem is not going to raise lots of money through issuing shares , firstly they can’t and that is not the plan .
Prem may need a small amount of money , say $4 m to see them through to receiving money from production .
If they ship 1000 tonnes by AUGUST 1st only , and get paid in 28 days . They will receive around $4m .
Prem have cut greatly their costs until the mine has its new equipment is in place .
If they ship 2000 tonnes in sept , then by end of sept they will receive around $8 m .
So we just need plant issues to be fixed and get up to 50% production .
Also think by July 2024 George hopes production to be 10,000 tonnes a month. That is $40 m revenue a month . So more than enough to pay back can max in one month .
Monday w will break 0.5 p and yes will be buying more like many wise investors .
Yes , sadly the shares fell from 1p , but it is now what matters . We either invest believing George will get another company to stump up money or sell if you think not .
One must also listen to the comments from George on prem other asset . He is hinting to you , that mutare is likely to be a monster .
Prem has also got the epo. So prem 1 mine is at Zulu , but prem 2 and prem 3 will follow