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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
Guys something special has happened this week to Lithium prices and spodumene . This is highly significant to Prem .
Since November until mid April the price of lithium fell every day , usually spodumene follows lithium two months later . Well in last week something dramatic has happened .
Firstly lithium which fell from 600,000 Yuan a tonne to 178,000 stopped falling and has risen 26% in two weeks . It is now 225,000 a tonne .
Every day it is rising at more than 5% a day last few days .
Secondly spodumene which usually follows lithium at least a month later if not two suddenly starting creeping up and the spot price is over $3855 . This is not contract price which will be over $4000 . So this dramatic change is linked to Chinese car sales which the market had been given the wrong indication was slowing for electric vehicles . In April Chinese electric car sales were up 100% compared to 2022 April . Battery makers reduced their inventory in q1 , now getting clutch short .
What an amazing time for prem to start producing .
Soon spodumene will be back to $5000 a tonne
Https://www.metal.com/Chemical-Compound/201102250059
Up nearly 20% in a week
Prem will rns I am sure when they do first shipment likely next week .
One take from yesterday was how big does George think that Prem will become . He said production could double , treble quadruple from the 50,000 tonnes spodumene a year .
So at 200,000 tonnes a year assuming $4000 , a tonn that is sales of $800 m in a couple of years .
Prem will become a billion pound company I have no doubt
The timing for Prem is incredible as Spodumene price rises now for two days in a row as China ev sales in April up 100% compared to last year .
https://www.metal.com/Lithium/201906260003
Alert , are you seriously telling me you are listening to that section and imagining something that was not said .
I discussed the offtake with Mark the day before hence this question to claifiy the offtake agrement , that was what it was all about . without meanign to be rude you lost the plot
Alert dotn be daft , the 59m 20 seconds is all about the offtake agreement 100 % then 50% , you completely got the wrong part of that , so stop spreadign diinformation .
the offtake is 1005 of spodumene is sold to Sushou until prem pay back the loan then it falls to 50% , so pay more attention p lease