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Clueless , let’s see what George says in an interview . I would hope Mark at stockbox can ask him .
Just think prem currently producing 5.3% and I think that matches pillbara production grade if I am not mistaken . This is an achievement as it is clearly going to improve .
So the rns shows clear confirmation that the plant is producing saleable spodumene , current grade 4.5% to 6.3% . If you take it as average 5.3% than it getting close to the 6% required . However the rns says current grade is sellable , so the conclusion must be that canmax are happy to allow shipment of this grade whilist their is a period of ramp up .
This to me is important and by deduction should mean likely shipment is likely in late May .
Let’s see what a stock box interview says on this , but this is a good rns , we are at last producing
MARTINGIRL
Prem had said for a couple of weeks its producing its in his videos , just not producing what we want yet.
you are saying with certainty that no shipment this month , well i say its not clear , but yes i woudl be positively surprised if we ship this month, we all just guessing , but i like the recent video and if we can produce a 1000 tonnes of something half decent i would hope we can ship.
ADAM great timing . i wish you well and i hoep this gives you a great return .
We must see some rns this week , nervous times , will we hit more delays and run out of money and enter a death spiral and go bust as some suggest or will we ship in May , and ramp up production slowly to name plate over next 3 months.
If PREM can ship in May that would be a miracle some suggest and many people bet against it.
None of us know what is comming . But is Canmax supportive , will they pull the plug after constant delays. My guess is Can max are a company who are smart and appreciate the issues of ramp up and will give time for prem to get there.
So lets see next 48 hrs we should get an update.
The smart buy at these levels when so many are despondent and fed up .
If we can ship something in next few weeks it means less likely a placing as banks can give finance and we will need less money . so lets hope
Once George gts us over the lien then it is a steady climb as we ramp up quality and volume , then look at epo and Mutare
Bridegroom,
You seemed to ignore the fact that if prem pay nothing back to canmax this year , then canmax don’t get prem or Zulu plant . But they get a small % of Zulu valuing Zulu at $200 m ie .32 p a share .
How come you failed to mention that .
I am not inflating expectations . The plant is not produc8ng enough volume at moment that is clear to me . Progress is being made , no surprise if more money needed end of May . But there is progress . Clueless , not been hiding since last year , posted here every week of this year .
It has been a difficult year , and we are not out of the woods yet , but sure we will one day
Zangman, who said I was referring to shipping sc6 . There are lots of possibilities , you and I don’t know what can be shipped , but I guess that if we can ship less than sc6 then maybe we can ship some stuff in two weeks . We are both guessing , but today looks positive . People moaning today have unrealistic expectations and if you think today is a negative with the video , please sell and go away ,
Acker and negative people . Yes it’s not the holy grail yet , but it’s progress after stark mistakes .
So let’s be happy we are getting there , I suspect we will ship in 2-5 weeks . I have no inside knowledge . But if we can get over 5% grade that is sellable currently as volumes and grades pick up . I am pleased to see this video . Yes we will need some money , but with plant now working , money will come to prem . George always gets there . Great video , enjoy
Yoglet , I reckon 50% chance
Raydaar in response to your post . You seem to forget this is a board to share info and for people to make estimates of what they think is happening .
I am bullish on prem and now hold close to 500 m , been buying slowly for weeks . I maybe wrong , but I expect prem to get producing at say 2000 tonnes in may amd 4000 tonnes in June with plan to double to 8 months in 6 months .
I expect spodumene to climb from $1335 to $1500 in next three months .
I expect mutate deal in may to demonstrate prem is going to be a monster .
I may be wrong , but I put my money where my mouth is .
sprint , i agree it’s been a **** show the last year . but what matters is what is going to happen going forward . because of the repeatedly missed timings the shares are down 80% plus . but if these problems are corrected and we get to production greater than expected in coming months and get a mutate deal then we go up 400% . so lots of money to be made here , it just timing . let’s see this week . i am confident progress is being made . whilist i don’t believe we will ship this month . i am betting that modest production if sc6 starts within a week . but what ever we are very close to an rns saying plant now running producing sc6 . just need last bit of patience . once there shares should do 100% very quickly as. starter