Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
I do not usually reply to comments on my contribution to the CHAT column (too busy). It is, however, necessary to explain how the Chinese economy rose to $12 tr. in 30 years. Given, the USSR enemy, USA regarded China as a Friend and ensured that Communist China & USSR do not become friends. Moreover, Chinses labour was Cheap. Many US companies set up factories in China. The produce of these factories was exported world wide. Even India used to buy $100b to $200b of goods from China. US bought even more. Thus, China prospered. Chinese also "stole" US company plans for new items. Now China is the US "enemy". US companies are closing their Chinese factories and transferring their production to countries like Vietnam and even India. Both US and India have reduced imports from China. This is affecting China adversely and will hurt even more. China spent a lot of money on building new cities. and a couple are empty. 2 very Large Chinese companies are going bankrupt because they cannot pay back loans. I would not put even 1 egg in the Chinese basket.
The chat column of PREM is oozing with confidence & happiness as if the top prize of a lottery has been won by almost all contributors. A little calm is desirable as the great expectations may not be fulfilled. The reason for the happiness is the hope that the Chinese will be interested in its underground Lithium (LT) while its demand for long life batteries will shoot its price to the sky. My reasons for calmness are: (1) Chinese do not throw their money away. (2) They have a Belt & Road initiative (BRI) for trade. (3) Some of the countries that agreed to BRI, found it very expensive and opted out paying the Chinese hefty amounts (e.g. Malaysia +2 others). (4) Sri Lanka had to give the Chinese 99 years Lease of a port that Chinese had built because no other country was using it. (5) ****stan is the largest part of BRI and the project is called CPCE (China ****stan Economic Corridor). China has loaned ****stan $billions for it. When finished, it will mainly be used by China & Iran. India will not use it. ****stan will be lucky if she earns enough to pay interest on the loan. It is not unlikely that ****stan will have to Lease its Gwadar Port to the Chinese. (5) The idea that LT will remain the only raw material for long life batteries might not be correct. Already, scientists are working on Sodium & Potassium low cost batteries. In the near future experiments with other material are also likely. Celebrations should be kept at a lower level.
Acker - sorry. My research is in Genomic and Brain developments (since 1975, First 3 papers in the foremost scientific journal NATURE in 1976). Google "Atam Vetta" you will find lots of good papers, some with French & US Professors. Please do not Google "A. Vetta" or you will get my son Adrian's papers as well. He is a better & different type of mathematician. (Professor @ McGill). My 4-5 papers in the past 6 months are in www.Academia.edu. These papers explain genomic and brain researches of the last 20 years. Share investment & running a Family company are hobbies.
I am very sorry for my inability to explain simple things and, therefore enabling you ( and, perhaps, others) to draw inferences from my contributions here that should not be drawn (I almost said that "cannot be drawn" but that will verge on the borders of being rude). I do not say and, indeed, cannot say that the use of Lithium will decrease. What I do say is that it will increase but NOT AS Much as based on our current researches. Current & future researches will enable us to use less Lithium for the same results. Further, the big 'user' companies are not sitting idle. They are already looking to enter into contract with big suppliers. The 4 BIG companies of Lithium Battery Technology are; 2 Chinese, Panasonic (Japan) and Livent (USA). Panasonic entered into a big contract a few days ago. I think others will do so in the near future. I further say that new type of batteries using , say, Sodium & Potassium may be in the market in a few years. YES, their appearance will effect the sales of Lithium batteries. On Prem, I hope the new big shareholders will push GR to speed up his workings.
Acker, Either we read different research or our interpretations of the same research are different. I read most of the chat contributions of the companies in which I have shares. Many authors who contribute repeat themselves many times. I have no wish to restrict their freedom. It is up to a reader to read all or none. I read all.
My apology to Snowking, Acker and people of similar feather as I feel that Prem might miss the lithium bus. They seem to have plenty of spare time to make many contributions daily in this column, often repeating the same story. Should these people be keeping themselves abreast of the developments in Lithium and battery operated cars story, they would have noticed that some big companies are already signing big contracts for Lithium. Soon their needs will be contracted for the next 10 years or so. Thus, there is a serious danger that Prem's underground lithium will stay underground. 2 more points; (1) researches on lithium batteries are improving their performance and life greatly (thus, decreasing the relative demand for it) and (2) research is in progress on other types of low cost batteries (e.g. Sodium and Potassium low cost batteries). Time will not stand still to wait for digging out Prem's lithium. I had hoped that the new major shareholders will force GR to change his speed. I still hope that they will.
Very wise decision. I am sure a little rest will be good for you. I shall heartily welcome you back in a short while when you come back rejuvenated and flush with new ideas. Thank you, indeed, for your contributions to this board.
I am grateful to people like Acker who have advised me to sell my Prem holding. Regrettably, I do not follow recommendations about buying or selling shares. I invest spare cash in shares that, I think, will boom or bust. I have seen one of my shares go bust then arise from the grave in the form of Helium1, giving me a reasonable profit. I hope Prem will not be like that and I shall make a profit on my investment. Professionally, I am a scientist and try to keep abreast of the scientific developments in fields that interest me (currently, Li is one of them). My apology to those who were offended by my today's chat.
Some Prem shareholders believe that Lithium deposits will shoot its share price to 1p, 2p, 3p. I have no wish to disappoint them. They & I dream of much higher share price of Prem (I have 93m+ shares in Prem) but I fear it might prove to be a wild goose chase. The reason? Bristol Uni (+Imperial College) has announced a sustainable and vastly available new type of LOW cost battery based on Sodium & Potassium. Obviously, the researchers will improve it in the next few months. My fear is that this new battery might, at the least, postpone the golden years of Lithium. If it does, Prem's share price will not have a very bright future.
Glad to know that you are an actor. I have NOT had the urge to make a Facebook type of page on the NET. Nor have listed my publications, most of them with French & US Professors. The best I can suggest is ; please "google" my name Atam VETTA and you will get a lot of information about my scientific work (please do not ask for "A Vetta". Otherwise, you will also get information about my son Adrian. He was the top student @ London Uni. Hons., taught @ LSE, was invited to read for Ph.D. @ MIT [My Ph.D. is from London Uni. (UCL)]. He is a Professor @ McGill and a leader in his field of research. You can access my last 4 papers written during the last 4 months @ www. Academia.edu. Incidentally, one of my ACADEMIA paper "Comparison of the scientific developments in the First 2 Decades of the 20th C & 21st C" indicates a lot about my scientific interest. Being of Indian origin, I am also interested in the politics of that region.
Acker, I am really surprise that you do not understand what I said in my previous post. (1) Do you not know that JamGoo has bought lots of share in prem? (2) Do you not know that some others, with big resources behind them, have also bought big holdings in Prem? (3) Do you think they intend to be passive investors with big investments? (4) Have you read Jamgoo's comments in these pages? As you probably know, my real research interest lies in the field of Genomic &brain researchers ( see ACADEMiA.edu for my last 4-5 papers in the last few months). I am surprised that you cannot understand the simple fact the new big shareholders are not passive shareholders and that they want to lead.
I apologise to people whose special hobby is to contribute in this section, about the loss of power of GR and the JV already in progress. A number of resource powerful individuals have recently bought a large number of Prem shares and GR's shareholding is rather small as compared to their total shareholding. They are NOT passive shareholders and are determined to manage & develop Prem's assets. They are the JV partners and do not need Chinese or other investors. I am grateful to them for what they have already done and will do in the near future. Other shareholders are, of course, free to continue with their plans of JV, etc.
Thanks. My 93m are also tucked away. Frankly, I had lost faith in GR and was confident because of his broken promises. I was confident that ONE day some one will recognise Prem's hidden value. Fortunately, that day has arrived. There are now some shareholders with more shares than GR and they are still buying. 2022 is going to be a good year for Prem, though I am not sure that it shares will rise to 1p as hoped by some. Enjoy the ride.
Regards.
Adam, my apology; you say you are a large shareholder. I am, therefore, surprised that you did not know about the new large share holders of Prem. Jamgoo is only one of them and there are others. Some have more shares than GR. Their presence has changed the outlook for Pram. GR will have to work with them or he will be out. Some people are still stuck in the price of Lithium & might even attribute this strength to it. Why should one use twitter? I do not (just Google my name to see how, despite my age, active I am in genomic & brain researches field. Incidentally, you say you are a large shareholder. How many shares do you have?
Please, be grateful that Prem's new shareholders have changed the sentiment for Prem. They have big resources and we shall benefit from their attention to Prem.
I am a very small shareholder in Prem; 93m+. When I read the RNS about your holdings in Prem, as well as some other large holdings, I realised that Prem share price will explode. You might have noticed my Chat comments welcoming you and the new shareholders in Prem. Under your guidance the future of Prem is bright & shining. Thank you, indeed.
The effect of the new shareholders e.g. Jamgoo (read his comments) and others on the share price is clear today. It will continue to increase. Now it does not matter whether who is the CEO. The new new shareholders will be calling the shots. GR will have to follow their wishes. We do not need Chinese because the new shareholders have a lot of financial muscle. There is NOW no reason to laugh @ 1p share price. It might be reached by Dec. 2022.