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Ellise no wrong , the price remains up 6.67% the days high , it was never higher . it is . 0.19 to 0.21 and a lot of buys in last 15 mns
you are mistakenly looking at the trade prices not the correct price . the offer is now at its highest now over 0.1965 quote .
Well , some buy8mg today , let’s see if it c9ntinues . Pivotal time com8ng . I don’t worry if production starts this week or next week but hopefully in next two weeks . It is what it is but I have faith George will sort this . Others may worry , but then don’t buy prem . I take more risk for bigger reward , it is a choice .
Bridedog, thanks many will be watching closely to see if the price starts to rise on buying , indicating the change in share direction . If the plant does get fixed in next 48 hrs you will see the buying pick up as peo0le on ground leak that info . So watch this carefully as if George gets this fixed at long last the % movement will be dramatic and we can see this do 100% v v quickly . No guarantees , but lots watchingbthis . Prem has a cult following , it is a popular stock , but market cap is so low that movement up will be dramatic . It will be like Epo day
Raydaar that conversation I said was forward sold was because someone said the shares come on the market around the 18 th . I was saying they were forward sold before that date . So give it a rest . There is no more likely placing as far as I know unless you know better . The whole point is it looks like the overhang may have been cleared , but we are guessing . We will know today . If the buying continues and shares rise then we both know the share overhang gone . Pretty simple
So overhang looks gone as share price rising on modest buying .
Equipment arrived , so now pivotal moment , can prem produce and give a shipping date of say two weeks . If they can then we will see massive rise . Fingers crossed
Don’t be misled by the trolls . Firstly 10% of $1150 is not $1000 , that shows poor maths . Secondly the contract with canmax 50% is profit share on lithium hydroxide , but if they can’t calculate 10% of $1150 they can’t calculate the profit on profit share on producing lithium hydroxide which is a lot of money .
No one knows when we will ship , but we will ship whether April or may or June . Best bet is May . Prem will rocket then , many millionaires will be made . Placing has given you a chance to buy at this depressed price . But that opportunity will be gone probably before Friday
Wullie .
ina few weeeks w hen shares have risen 100% , so many on here will say yes they had forecast that George woudl come good and that they always were wise to the potential. the bedwetters and trolls will slide away into the dark .
I look forward to that day , whether it comes April or May its coming . so you either wait for certainty and pay over 0.4p or buy at 0.20 ish and have more shares to e njoy the ride . It is just a question of risk , some will wait to be risk free and buy at 0.40 p , others like me have been buying and buying for years and happy with current risk , but expect to see the light at end of the tunnel very soon.
They may be stil l delays for a few weeks , but we are now well funded for a few weeks , so i am very relaxed .
It is not about being write or wrong . just timings , we will get there in the end .
It is not aLL about ramping , i dont really care if people buy or sell , but dont complain when this rises 100% in a day sometime in next few weeks and people wish they had got in before the rise.
There is a risk of further delays , but like Donald Rumsfield said there are known risks and unknown risks , i feel prem has moved from unknown unknowns to Known risks
lets ee how we do this week .
next weekend may well be the biggest FOMO weekend of prem life.
Bridedog
Whilist yes the other 50% has been moved from Li3 to a Dubai based company , I suspect the big news to come is not that news . There has to be big investment like we saw in Zulu . So prem need money for a drilling campaign as we did at Zulu . Then money for maybe dfs and then a plant . So if they do same as Zulu that would beg£12 m for drilling then $70 m for a plant .so hefty investment needed. So this would be like Prem two .
So once prem producing the potential is massive
I terestimg . Day today, we are getting closer , prem share price very cheap , will be sub0.20 only short while as placingbeing churned so quickly.
Any wife or plant fixed this will rocket , so we should be well over 0.20 next week then could double this month if we get producing . So take your positions . George will succeed in the end , he is totally dedicated to sort this . I know him he will get us over the line . Then big rewards
Acker you were correct the village idiots wrong again .
The vote yesterday of roughly 12.1 billion to 0.12 billion shows Canmax supported Prem .
This is important as Can,ax need prem to deliver . We expect delivery this month .
My guess is we get a rns showing progress , I suspect we are not there yet but closing in on the mega rns of shipping .
Yes prem need some money , but it’s a race between shipping and raising money in terms of short term share price movement .
So if we ship next week , I suspect shares will rise dramatically . If we ship last week of April , then we may dip before rising end of month .
But by May we should be well funded and shipping and planning 3xpanding operations .
People too often think short term with prem .
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