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Current market cap is starting shape up towards something even remontely realistic, though still way short at £17million
EPO landing will take us out to 0.30p minimum and likely more. Not only will it return value for Zulu to the books following previous impairment, it will add new value for the not insignificant EPO area, as well as change overall sentiment around PREM, meaning it becomes more likely that all the other parts to PREM are able to be valued properly.
Lots of talk about JV. We are quite close I would say, with clues out there as to who it may be. I don't expect to see JV announced in the EPO RNS (though I could be wrong) but can see it go public shortly after (with some initial pointers in the EPO RNS).
Is got to be said, the vibes coming out of PREM are rather good. Once EPO lands, things could move rather quick, not just with JV but across other parts of the PREM portfolio and interests/relationships.
Good luck to all the genuine folks!
A/I aware of the time to produce a DFS, especially given the possible area being mentioned, however, I would hope a timetable of events could be introduced into how such an exercise can be managed/timeframes etc. If this were to be the only iron in the fire of course one would expect the sp to stabilise and possibly fall back, albeit a little,however we could have news from Circ, RHA which you would expect to underpin the 1-1.25 in the meantime.
Trust this helps.
Just a bit of context for anyone interested, Zulu post EPO is the size of Birmingham... a mine... the size of Birmingham...
Wonder--you know the rules by now.
Ignore all that is posted on here.
Doing very nicely thank you for asking. But don't feel the need to talk about it or relentlessly try to undermine other peoples investments.
Dotto to the below post
Q--so we get the RNS with EPO and JV agreement.
The SP should rise on news and certainly Traders will contribute to the frenzy.
Then what--it takes a considerable amount of time to produce a full DFS.
Will the SP continue to rise,will it stabilise or will it gradually fall.
I would welcome your views .
Picked up some very nice bonuses[profits] thank you.
Are you still nursing your swingeing losses.
Acker - was trolling this all the way down to about 0.02 and still trolling after something like 700% increase in days. Haha. Looks like you're not getting your bonus this month.
Q--so we get the RNS with EPO and JV agreement.
The SP should rise on news and certainly Traders will contribute to the frenzy.
Then what--it takes a considerable amount of time to produce a full DFS.
Will the SP continue to rise,will it stabilise or will it gradually fall.
I would welcome your views .
That sounds a perfect week, Zim News again speaks about Zim President was In Uganda yesterday for the 57th Independence Anniversary.
Coincidence Prem awaits his signature!
Perfect scenario, EPO rns tomorrow 7am, days finish 0.425. Thursday positive JV rns outlining detailed programme to DFS, days finish 0.80. with 1p being hit end of next week following further news on Circ, RHA etc. . .
Way under valued at present IMO. DYOR GLA.
Future--my ref to formalities after EPO was reference to signing a formal JV agreement.
Future-- the question was about the requirement of a formal JV agreement before the EPO.
That is why I said No.
I of course appreciate that your listed aspects have been considered by the government and credibility examined.
The CEO of Prem knows who he favours for the JV and this party was probably involved in EPO negotiations.
The formal JV may come with EPO--who knows.
Can we have our 1p now please George.
This is from Zimbabwe Mining weekly “Zimbabwe is expected to become one of the world’s largest lithium exporters”
Acker, afraid you’re completely wrong.
All formalities are BEFORE EPO accreditation
Checks on:
Area for overlaps etc;
Work programme
Budget
Company profile
Minerals sought
Technical expertise
Expected result
http://www.mines.gov.zw/?q=procedure-and-criteria-issuing-exclusive-prospecting-orders-epos
More handshakes than signatures.
Gentleman's agreements during EPO negotiations.
Formalities after EPO signed.
RB--we do not need any formal JV agreement prior the granting of EPO.
However,the government must be satisfied that the applicant is credible in many aspects.
Can anyone here explain the EPO process? as my understanding is the company requires to present a work programme and a budget.
Prem cant progress the Zulu Lithium project on their own? In order for us to be granted the EPO must we have a JV too?