Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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@barnetpeter I like your post mate...Just don't trust PREM
Of course George can raise the ceiling. I dont WANT a placing having seen so many of them. Lets hope a JV comes out soon with lots of news. We want 0.5p PLEASE!!!!
CF73, trolls are best ignored, we know whats coming and it be their loss not being in looking for lower entries.
Totally relaxed with the situation and whats to come.
Suspect multiple IDs and 'an active' group trolling this LOL. As soon as a post that might generate interest, they're all over it.
CF he can just call an EGM somewhere obscure and raise the cap with a show of hands. He's got form....
The shareholders fell for the BS before and there is little sign they would be more militant this time.
BarnstaplePete how can he do a big placement when our share ceiling is only 500million or just under?
Another poor deramp. But then you always were poor at this game.
I'd suggest to you CF that basing decisions on past performance rather than speculation seems to be a credible approach. Most of us have been here before with PREM and GR. He hasn't been able to do anything remotely positive with PREM's current assets - in fact it's been overwhelmingly negative, a destruction of value that is perhaps unparalleled!
And you're a cheerleader for PREM - work that one out!
I do hope that GR can step aside with integrity and that he's able to say that was a job well done - I hope that he can finish well... but I don't have any confidence that he's got the savvy to do that.
My small holding is under the category - "needs a miracle!" It's a small miracle that the sp has recovered this far but it's nowhere near what most of us need to break even!
A couple of weeks ago I was £12,000 down on prem having put in 15K at prices from 0.029 to 0.60 over some years. I now have all my money back and a few million shares spare. I don't trust George or anything he does. I think a big placing is likely at 0.1 or lower and that he will do what he has done so many times.....stuff PI's. I still have a load of primary bid placing of prem at 0.30 and I wonder if they will do a big placing tomorrow night. I think prem has wonderful assets though so I accept 1p plus is possible here because I sold some at over that price before. This has been a dawg and then some so just be aware of this and the history of George and prem and dont buy more than you can afford to lose. 11 billion shares tells a story. Not trying to deramp because I would LOVE this to soar but this has been very painful over the years.....so much potential and so much dilution!
[Excuse the last line...]
steward, have read your post and see nothing that looks forward all of it looking back, repeating everything that ACKER and Chippy would say, literally to the word. It could be argued that what you post might be of value to new investors about GR affect, but the GR affect is widely understood such that their are Twitter parody accounts - in other words, the world is supposedly wise to PREM and GR.
Nothing you said helps to make sense of opportunities going forward, in fact, your more recent post is utterly lazy, just like your first one.
gued that hat you post may have some value to new investors, exce
IF and a big if at that ?
agree stew. i also suggest a new ceo is part of the package.
If we get EPO with JV then this will go mental!
GLA
...am 'guessing' that PREM have identified their JV partner and are now waiting to announce once EPO is affirmed in writing...
CF - you've been around Prem a long time and you simply can't ignore the poor management, the absolute destruction of value and the bad, bad, bad decisions that GR has made. Whatever the assets that PREM ends up with, they're still in GR's hands - I have zero confidence that he can do anything which will be sustainable or profitable!
And it seems highly unlikely that he is going to step aside/release his grip.
The majors are scouring the planet for lithium - do you not think that it's strange that PREM hasn't been snapped up in the last 3 years?
And so, if the EPO is granted, GR has a bigger chunk of lithium to grip on to - does that make him more or less likely to share that out? I'd suggest the latter.
I do hope that this is the turnaround that people expect but, as many on here have indicated, there has always been something that has got in the way. Is that down to bad luck or incompetence? I'd suggest that it's the latter!
AIMHO!!
the chances of a jv partner are high. the license areas to be confirmed would not be granted without proof that prem can take zulu all the way to production.
ReCF. A well researched holder like myself
hold tight and make money.
EPO very close
Dont forget he's holding 80,000,000 of these golden tickets! I see he referenced CF in his post also (filtered way back) but LT holders will remember what CF stands for.....
0.16 can not buy nay more... if buys and sells were recorded correctly this would be above 0.18...
course you do......lol
we all want to do well here but misleading people is wrong, there have been plenty of buys but also similar amount of sells.
blatant ramping after you just told everyone you bought 20ks worth
steward1, the info I've presented is born our research I and others have done and conversations that been had. At the moment, me ol mucker, you coming across as cantankerous as ACKER and Chippy. Not sure if that is what you are atually like or not but am close to putting a number of you on fliter.
Deja vu, CF.
How many times are we going to go round this random speculation that there is some major waiting in the wings?
We know by this recent Reuters article the Russians are in the Lithium game. It is ‘possible’ PREM have spoken to them or another Russia group (though certainly expecting they’ve spoken to Rosatom). But realistic that PREM settle with Rosatom or another Russian outfit?
Is very likely PREM have spoken to Rio Tinto (or RioZim). Rio Tinto most definitely interested in Lithium potential in Zimbabwe and are developing the infrastructure to manage/ process the mineral, bringing value added potential to the Lithium sector in Zim before export. Am personally confident discussions with Rio have happened. But how realistic for PREM JV with them now?
Now, Stephen Dattels; outside of these discussion boards, so little has been said about him. But, via LSC Lithium Corp, we know he is interested in/expert within Lithium (as well as Africa-based opportunities).
We also know that PREM hold 5% of Circum, we also know that he is ‘…active as Chairman of Circum Minerals Ltd.’, where GR did him/Circum a favour by buying out two distresses sellers.
Furthermore, we recently took a loan from Regents Mercantile, a fund headed by Dattels. In other words, Dattels got his fingerprints all over this. So why is it that given Dattels is so savvy about opportunities, always on the lookout, and so clearly tangled up with PREM, that we have had no word regarding Dattels, that he could be an interested party? Is it to get us off the scent?
It is worth noting, that we have Neil Herbert who’s just come on board, on to the Board, at PREM. Now, Herbert and Dattels are partners/friends, who had worked together previously.
Who is the most likely of the three here? Are there any others?
As said earlier, there is strong cause for believing we may have already identified our JV partner. Any one of the three mentioned and it would be BOOOOOM-time.
There's been a fair bit of talk about possible JV Partners. Let's take a look at some genuine possibilities:
Rio Tinto
A Russian group
Stephen Dattels
-----------------------------------
Possibility No.1
From Oct 15th
MOSCOW/SANTIAGO (Reuters) - Uranium One Group, a subsidiary of Russia’s state nuclear company Rosatom, may buy a controlling stake in a lithium project in Chile’s Atacama salt flat from Wealth Minerals Ltd (WML.V), the Canada-listed company said on Tuesday.
Under a deal struck with Wealth, the Russian nuclear firm has the option to purchase up to a 51% stake in Wealth’s Atacama project in northern Chile, the statement said.
“Chile’s Atacama salt flat, home to leading lithium producers SQM (SQMa.SN) and Albemarle (ALB.N), accounts for around one-third the world’s supply of lithium, a key ingredient in the batteries that power electric vehicles, tablets and cell phones.”
https://www.reuters.com/article/us-chile-lithium-russia/russias-rosatom-may-buy-controlling-stake-in-chile-lithium-project-idUSKBN1WU1MI
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Possibility No.2
From 2018
Lithium interest jolts RioZim to action
“RioZim Limited plans to upgrade its Empress Nickel Refinery so that it can start processing lithium given huge investor appetite to exploit lithium in the country.”
[…]
“Lithium has become the much-sought after mineral not only in Zimbabwe, but across the world as the automotive industry moves towards electric cars, which, among other things, use lithium batteries.”
https://www.sundaymail.co.zw/lithium-interest-jolts-riozim-to-action
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Possibility No.3
Stephen Dattels
“Mr. Dattels is a seasoned senior mining executive and resource financier who has founded and/or financed numerous mining ventures in several continents in diverse commodities including gold, uranium, copper, nickel, iron ore, coal, potash and most recently lithium with LSC Lithium Corp”
https://www.lsclithium.com/about/board-of-directors/Person-Details/default.aspx?ItemId=ebbc948f-8aa5-4994-bff5-9c004aaab4d0
----------------------------------