Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Everyday since December lithium carbonate has fallen , but in last two days we can see lithium 99.2% has stopped falling and actually started to rise . So hopefully this is where we see lithium 99.5% and spodumene now put in a floor and rise l experts thought come q2 we would start to see a rise .
Great for prem
https://www.metal.com/Lithium/201905160001
yes , this is old news in that we discussed this at length about two months ago. this was to stop artizan miners exporting lithium ore , prem are concentrating the ore through their processing plant which was built with a license from zim gvt to export , so prem are all good and ready to export .
Good start today , are we going to breach 1 p , it is very likely Zulu is up and running and over the weekend videos and papers in Zimbabwe will report on zulu , hence people will want to get in before any Monday 7 am rns
Agree jenkoo and Acker , we are about to enter a very exciting times. Also I exoect a good price for sc6 in coming months which will allow for early pay off of the $34 m . Then selling sc6 willl not be at a discount . Prem moves from a speculative stock to a cash cow generating hundreds of millions in revenue . The instistions will have to come to the party and buy in . So 2 p is very likely this summer .
Enjoy the ride
cosmonaut
don't agree at all what you mean small financing as if that is a negative.
Prem dont need money at moment , they wil lbe getting $15-20m soon , but if they want say $10m to drill epo , they may ask for another premium placing , like they did last year . if you recall shares were about 0.32p and they made sushou pay 0.4p. If that happens again i expect any premium placing to be at say 1.2p. but prem are far to strong to need anything at a discount.
It is much more likely that we get a s econd off take deal , but this time get say $34m for a secodn plant plus $10m to drill epo.
This article shows the expected contract price for allkem . Expected contract price averaging $5000 April to June .
It will be great if Prem get this less the 10% .
Also they highlight the mismatched price in China https://www.tradingview.com/news/marketindex:88d09796a094b:0-5-lithium-price-insights-from-allkem-s-first-quarter-results/
Zulu looks ready to produce , judging by the videos . It can’t be long now for an rns to confirm we are producing then shipping then receiving first payement . What a journey . Prem shares keep rising , consolidate then rise again . Currently we are consolidation in narrow range 96-99 , but getting ready to blow soon . Sellers are drying up , so soon we enter next phase above 1 p .
Exoect a lot of news through rest of April and May and we should be closer to 2 p than 1 p in next couple of months
Gaza , I have had level 2 for 10 yrs and the market makers use it to deceive us . So frequently peel are not on bid level two but they are on level three .
So level two is a deceptive tool . Often when it may be strong looking bid on level two it is a lie .
Incredible Redtrade , I have been watching the digging today to find out more about this . Thi could be such an incredible discovery . Peel buying for park as to hide the stake builder . Slowly buying to go on till July , could it be a predator or investor . Amazing times for Prem
dazed
George has delivered big time on getting the mine producing in April , many thought not possible .
unlike KOD he has kept hold of the whole 100% zulu . also many do not appreciate the good pricing system for prem when it selsl its spodumene .
hoping we here next week how it is going
Acker , i made the mistake of using the smm spodumene price but i see contract prices are still way high
look at this article which quotes contract prices still at $4850 , amazing
https://smallcaps.com.au/lithium-bulls-fight-the-bears/
I forgot that contract prices wil lstay higher for longer than spot prices and i think prem get fastmarkets contract price international average , which includes Australia which is also higher than chinese
looking good
Let’s enjoy the ride , one has to pinch oneself to see prem is a producer . George has got us to this position in Apriln2023 . Stunning , there is a lot to come , the Epo to be drilled .
George said it prem has legs with Zulu and Epo
Enjoy these days
Acker , there were rumours over weekend of a wall of money hitting prem from instistions and suddenly on Tuesday volume exploded . The trades look too big to be retail , then again today from 8:30 am heavy buying . Today heavy buying .
I strongly suspect someone or entit is building a stake , instistion or predator .
Let’s see if tomorrow volume is high . I really think the clever buyer will take shares off people just under 1 p and build a holding before pushing us up to higher numbers
Acker , you seem to be going back into your former sefl soudning bearish . today is a great day and clearly there is a big buyer around and gobbling up all 1p sellers. once they are cleared then we move up from there , there is so much to come for prem . i am hoping for 1000 tonnes shipeed by end of month and then 4000 in May and 5000 in june . lets see who has guessed correctly .
but i do think 1.5p to 2p is coming end of May
Radika ,
Been doing a few hip replacements . Very excited .
My view is we churn at 1 p . Big buyer will take out sellers during tomorrow and Friday . We rise slowly Fromm 1p , confirmation of first 1000 tonnes will probably come with some forecasts which may include plans to expand plant 2 to 70,000 tonnes a year ,
Then resource upgrade end of month early May .
By end of May 2p .
Awesome time , George my hero