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The doomongers got today wrong . All the talk of collapse on share price , the non believers of the 6.1% , the months to fix the problem , the shares going to below 0.20 . So what happened we ended up today , yes blue , and it was not just due to the interviews , the buying was massive .
So interviews great we are producing , the 6.1% is not a maximum , it is also not a potential . It is real . We don’t have to wait to long as it Monday or Tuesday confirmation of sc6 .
So Monday we will see another rise and then the fun begins . We will climb and climb each m9nth . There is a lot to come and this is only the start . We will revisit 1 p . We have to look forward to after first production at Zulu , is boost to plant capacity to get up to 10,000 tonnes a month in a year . Develop mutate with likely Jv , explore and development the third site epo.
We could see 10,000 tonnes from all three sites in a few yrs and prem at least a billion dollar company . That’s why several of us invested several yrs back . We are now more derisked now that at any time , although painful times we are now through the pain .
Congrats Acker on forecasting todays price , how about guessing this Dec 31 st price , I suggest 1.2 p
Acker , it is not dire , as you poitn out spodumene rising , for working capital prem will use some loan facilities and i expect more offtake deals and money will start flowing.
we need to think a month or so down the line , we are getting over the line having just reached it and this will be much higher in later march in my opinion.
There will be some panicky short term sells early and there are a lot of us waiting to buy any dip so it will be rising after first 20 minutes today .
Wotis worth dont be daft . you don't understand how it works . firstly the majority were buys but to know that you need to have level three . secondly anyone with reasonable knowledge knows you ignore the buy and sell markers as they are wrong . come on Wotisworth you should know that .
People need a little patience , we have come from the day we got Eli license hitting 0.46 p to 1 p over a year ago nearing production , to a delay of a year , and now we are producing and clearly minor problems to sort and we are 0.33 p . In march sometime I believe we will ship and we will be up near 0.6 p . We have to think with a timeline of a month or so and not a day . If this dips a tad there will be a wave of buying . Also asks yourself 500 million share traded yesterday and we were up . Who bought so many .
Just think twice , rumours of a predator or two , high volume yesterday for no reason and now we get rns producing something . Predator time
Yes Acker ,
All lithium rose overnight and the rises are accelerating , lithium carbonate 99.5% up 3%
What timing for Prem ,
https://www.metal.com/Lithium
Look at the graph
https://www.metal.com/Lithium/201102250059
We are seeing amazing timing as spodumene up $38 in two days as lithium rise accelerates . All we need is some production. Hoping we hear today , grades I am sure will follow soon after production .
Don’t expect 7% from the start but my guess is if we start at 5% and move up
The spodumene rise is perfect tim8ng for prem . Many lithium miners shares rose steeply overnight as lithium carbonate , lithium hydroxide and at last spodumene all rose .
This is like a Goldilocks moment , prem soon into production at a time lithium prices rising . It also means predators will circle as they are not stupid , they know a bargain to take over before lithium prices rise too much and prem attains a decent valuation .
Just need to get producing
Supersport james at over 1 billion shares from less than 0.1 p to now is a decent gain . We knew dilution would be needed to go from a field to production . We always thought it would go from I th8nk 8 billion to 25 billion to get here but keep 100% of Zulu .
So I am very happy with that
Billy boy ,
Me and James have large holdings only because we bought sub 0.1 p five plus years ago and you forget we still have large holdings . We believe prem is in better place now than ever . We bought before we even had a license at expo and only a field . We now have a plant about to go into production in less than 72 hrs . So it is worth a lot more than £85 m when it should be soon worth double the price Arcadia sold to any bidder . Ie £500 m plus
Martin girl ,
You seem to miss the point that recently since I have been on here prem has risen sharply , yes we all had not seen the delays from last year .
But no one knows for certain whether we will make Thursday deadline , but I personally reckon 85-90% we get there . There is still a small doubt . But yesterdays rns tells us any issues are small . So I take the view that whether it’s Wednesday Thursday or first week in march it will happen . Prem are going to be big .
The mill working better than expected is a big big factor , but also I am watching the lithium prices . The lithium price has risen slowly but every day recently .
This will feed into spodumene , so this is the best time to get in just before production and before spodumene rises . It is not rocket science . Also takeovers tend to occur after lithium prices bottom out . So let’s watch what happens .
I think 2 p may come much quicker than anyone expects on here .
If you are correct and we dip , so be it give it a coup,e of months and we will be multiples higher . Never been more bullish
Jenkins,
Lithium rose overnight with both core lithium and pilbara shares rising .
https://www.metal.com/Chemical-Compound/201102250059
Billy ,
Hopefully rns Tuesday . You may well be correct
Martini,
You have no idea my share position , I bought Friday and I have an order in today .
I have held hundreds of millions of shares in prem and long term holder , there is no trading of prem for me . Long term hold and buy when I can . So stop lying about my shares .
Currently prem market cap is £84m : $106m
in Zimbabwe dec 2021 the nearby Arcadia mine was bought buy Huayou for $422 m . A the time the Arcadia mine had a tiny production plant producing only a few hundred tonnes of spodumene or petalite.
Prem will be producing 4000 tonnes at least soon and the mill they boguht is a mega mill capable of much more .
So what value for prem much higher than Arcadia and so if Zul u sold for just same value of Arcadia you are looking at share price of 1.25p .
Goerge has always said before this mien was built we are worth at least double arcadia , that is 2.5p
Prem wil get up to 10,000 tonnes a month and if Spodumene recovers as many think to $2000 a tonnes once can see 2.5p sooner than many think
That is why so many Prem investing are in for the long road over 5 yrs but 2024 will be our year and as even Acker says 2024 wil lbe the year prem performs as one of the best shares .
i leave you with this thought
Who will be the only company on Aim to be producing spodumene this coming week.
Acker not sure why you say I am not an investor . Been invested in prem for over five years maybe 7 years through thick and thin and continue to hold more shares than an average person .
I think you underestimate the importance to canmax of prem . They want prem to grow Zulu to produce much more than 4000 tonnes a month and will continue to be the great partner to prem to nurture Zulu up to its maximal potential . So once we produce the opposite of what you suggest will happen , I believe canmax will give prem more , not what you are sufggesting take back from prem .
Big companies are watching Zulu and prem and prem will grow as Zulu does