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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
It is pretty clear on here Raaydar is a nutter , on here to poison the board , he stills thinks the reagent is coming by sea . He is now one of the few that I have now filtered .
Raaydar if you had not noticed prem shares had a great day .
Hitting 1 p after you had sold the other day
In answer to the questions , did some of you not watch the opening ceremony and the short interview from Friday with George saying the regent will be present very soon .
Todays papers said production had started ,
So it is pretty certain we get rns tomorow during the day .
johny
you are correct the april resource is just my best estimate , it coudld be early May but it is certainly within weeks and not months away. personally it does nto bother me if resource upgrade comes in june . what is important is production and to boost production with a second offtake deal . the second offtake will blast the shares up to nearer 2p very quickly.
The president will do the offical general opening sometime after the plant is working . So i explant the plant to be fulyl oeprational very early next week if nto tomorrow from my understanding
It is clear we are about 99% there .
In terms of what is to come there is a lot
1. rns to say fully working plant
2. rns probably once first 2000 tonnes spodumene produced and possibly shipped
3. rns when we hit 4000 tonnes
4. rns of likely finanical forecasts
5, resource upgrade likely i think April
6. plans to boost production of first plant : ? may
7. plans to build a second plant ? may
8. Broker buy note fro mshore capital
9. Institutional buying once broker note out after resource upgrade
So if we sit back we should be 2p end of May which is about 7 weeks in my opinion.
this week we blast through 1p .