We would love to hear your thoughts about our site and services, please take our survey here.
It is amazing with a set back in the share price how many on here just kill George , only a week after praising him.
the fundamentals are still excellent . we have a mine producing and ramping up
i expect as said by George first shipping this month and we slowly ramp up production to 4000 tonnes a month in time. nothing has changed other than spodumene price is having another bull run and that is why lithium asx shares are rocketing again.
we wil lget at some time resource details and profits forecast
i expect this year to be hitting sales of $25m a month and that is still on track
those who hold and buy now will see massive returns , those selling for no good reason will miss out pretty simple .
the small raises this week pale into significance with the sales comming in weeks and months.
Roman , to me it looks like an instistion came along and said we will buy prem shares in market but we want a foothold in to start. So I expect they will drive up the shares for many weeks to come . They are investing £500 k into prem at 0.925 p expecting it to go higher in weeks and months ahead . George investing a lot as well , so I think this is start of instistional buying in . Which is great
So we have instistional interest at last , they get in at .925 above current price , which is great
George director also buys shares which he has not done for years
This instistional will be buying prem shares in open market in time .
Prem fully funded , so all to happen .
It takes time to get paid for spodumene production
Https://www.metal.com/Chemical-Compound/201102250059
Just look at that graph
Lithium carbonate battery grade price now up 63% in three weeks
Incredible sales figures emerging from China . This is first two weeks in May , up 100% compared to 2022. No wonder lithium price is rising
https://cnevpost.com/2023/05/17/china-nev-retail-up-101-yoy-may-1-14-cpca/
Https://www.metal.com/Chemical-Compound/201102250059
Lithium carbonate battery grade up 53% in three weeks .
Spodumene already rising
Zulu timing could not be better , I expect later this month fastmarkets spodumene to be back over $5000 a tonne .
Alert ,
I bought prem shares the day before the placing at 1 p , so I had no idea this placing was coming .
My calculations on costs are pretty simple , $1400 costs initially dropping to $1000 . It’s pretty straightforward .
On the watts app group I usually say each buy just before it occurs and I have done it on here in the past when Bickmaster said the same . Where is Bickmaster , oh yes he sold below 0.5 p .
This share is going to many pennies despite what you or I say .
In terms of my holding it was described as a large holding on the stock box programme .
Further more .
I bought more today as prem are secure , the placing was only a 6% discount for a tiny number of shares . The placing overhang should clear by Wednesday and then we move up .
There was good news in rns today , it is clear the Epo has a lot of lithium as will the li3 joint venture . It is only time when we get further drill resukts but outside of Zulu . Then news on financial projections . The future is incredibly bright .
You see lithium prices up 44% in two weeks, spodumebe rising again .
I reck9n in q4 we see spodumene at $6000 , prem is going to mint money and be one a billion dollar company . That is the bigger picture .
Good day today ,
Prem secured funding which means we don’t need to think any more about funding .
People are asking why do prem need money now as they will be shipping very soon .
You need to think about it .
Cost per tonne initially is about $1400 then dropping to. $1000. Prem will probably ship I think 2000 tonnes this month which will costs $2800 to make . But payment for first 1000 even if shipped this week probably won’t occur until first week of June or second . But in the meantime prem May have prepared another 3000 tonnes costing over $3000
Acker , I appreciate you have liked these other projects and there is money to be had there I agree . But I wantGeirge to concentrate on getting Zulu with Epo up to 250,000 tonnes spodumene and have sales in the billions .
Did you guys listen to the amazing stock box interview tonight ,
Prem sounds like it is flying and they are so positive on it . It is a must listen to
This is the best graph , just look at the april sales and think is the ev car market really quiet in China or are analysts still watching January holiday effected month.
https://cnevpost.com/2023/05/11/china-nev-sales-636000-april-caam/
Dont get upset about any tiny investment in mnh or rha , it will be tiny if at all and they dotn matter at all. what is say $1m into rha when you will be making $1m per day soon at Zulu.
So i kw rha and mnh upset people , but think logically it is not worth worrying a second about . much more significant is the change in the price of lithium carbonate and spodumene .
spodumene on fast markets jumped some $400 since April 28th from memory a few days ago and lithium is rocketing up 30% in 12 days. this is far more important than rha or mnh.
I really think we will be up to possibly $6000 in a few months to end the year very strong.
just look at china April car sales up 100%
https://cnevpost.com/2023/05/12/lithium-rally-picking-up-steam-china/
Omg , have you see what is happening to lithium carbonate , up again two consecutive days of 7% , that’s 35% in May .
Lithium carbonate goes up first then spodumene follows , but even spodumene jumped yesterday . The price changes are mental and I predict it will be all over the min8ng press later in the month . This is way way quicker than anyone expected and I believe it will filter through to instistions wanting to get in as the next boom cycle comes in lithium shares and also increases the chance of takeovers . Prem timing is just incredible
Acker , it is a bit bizarre . Lithium carbonate rockets so much this week it drags up spodumene much earlier than it responds .China car sales were incredible in April . So the H2 expected rise has already started .
I expect spod contract prices to rise soon , incredible times
Https://www.metal.com/Chemical-Compound/201102250059
Sorry forget to post link