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Watcher - I reckon he was sending a message to GR. Millionaires don't become millionaires by accepting poor performance. I think Goozee is already the biggest single shareholder and taking it to 10% will put more pressure on GR to deliver. Who knows, he could be preparing to oust GR!!!
Exactly, so why tell the world you're about to buy more shares? That's just likely to push the price up and end up costing him more...now that's fine if he has information that makes that additional expense comfortable but in my experience, millionaires are millionaires because they don't like wasting money. I think Mr Gozzee was just pumping the stock, doing a bit of an Elon Musk. Don't be drawn in by all the games being played, everyone has their own agenda
Mr Gozzee does not have £100m , prem is his biggest shareholding but he is a shrewd investor.
Everyday that goes by without a significant update I feel less confident. If I had a 100m pound then punting 1m wouldn't be much of a show of confidence. I don't know Gozee but I hope he is more informed than us shareholders are kept.:/
Yes, Snowking, at one level things are shaping up very nicely. Goozee has shown some faith in PREM and has called this right all along . And he's prepared to sink another £1 million (at least) in to it... that's some confidence!
@snowking
Thank you.
Steward , i had that rumour also . i do believe it is genuine .
Whilst most on here know i am always confident , rns have taken longer to come out , but with
Tungsten , potash and Spodumene all at massive highs , it is the perfect storm for Prem.
Just think the scoping study was based on spodumene of $800 and we are seeing Pilbara getting $1250 .
It means the DFS is going to be successful what ever the drill results in my opinion.
But we need patience , but the price nwo looks way way too low and not surprised Goozee may be about to buy more
colonel , fair question , it was a call and i was told in line with what been said for 2nd drill rig
It is JG s tweet
Sorry Radika. As Speel says, its difficult. I do read Snowkings posts with great interest, but the Ïts going to be a great month"comments have kinda taken some of the credibility away. That being said, I am a holder and want the "great month"as much as anyone.
I'm afraid I don't have anything smart to add to the chat, but I am definitely in the camp that believes Prem comms are rubbish.
However it is hard not to be sarcastic when you have heard it all before.
No need to be sarcastic, Wotitworth.
If Snowking says its going to be a great August, then I suggest you make any additional investment end of September. Every month its going to be a great month. Incidentally I do think Zulu is going to transform the sp of this stock if GR can find any Li.
Wotitsworth - it should be a pivotal month. I just don't want the curse of snowking to spoil it.
So Snowking I guess its going to be a great August :-)
I would not make financial decisions based on snorking and Co's direct communication with their grandad GR. Any official news has to be released via RNS and if it is leaked or conveyed alternatively then it is against LSE rules. In addition it is in their interest to ramp the stock and always say news incoming , this month there is going to be news. Unfortunately with PREM this is usually not the case. I have been with Prem for over a year, the only thing I can say is work out the worse case scenario of when news is expected, add 3 months and invest accordings.
@Snowking
I, and many others on this BB value your contribution. Thank you.
But what exactly do you mean by "I spoke to prem", and what is your relationship with them?
Did you send a tweet that was replied to? Cold call/email the contract details on the bottom of a PREM RNS? Attend a virtual Major Investors Conference call with the Board? Have Boerwors and fillet steak at a braii with George Roach?
As everyone knows, the information feed on PREM is a bit lacking, and knowing this would help with verifying the statements that are made, and in decision making on investing.
the only update i want for GR is that he's leaving
Not sure if it's a genuine account but Goozee is tweeting that he's aiming to up his holding to 10%... he already holds 7% or so.
Is that some sort of signal to GR?
It makes no financial sense whatsoever to dilute PREM to buy more of MNH... the comparative roi is miniscule when stacked up against Zulu... Zulu has to be the one and only project that PREM commits funds to for the foreseeable future. When the sp is sitting at 2p or 3p then I would have no objections but, even then, will there be a return from MNH???
As for the current sp, it has retraced simply because there is no news on progress at Zulu... if PREM can give an update to a couple of independent shareholders then GR really should be updating the rest of the market!!
Second drill on site , test results sometime in August .
All good
If you spoke to PREM, Snowking, what did they say about the 2nd drill and the lab... I'm sure you would have asked!
What did they say about when we might hear about the 1st test results?
The price of spodumene is so high , it starts to make it more certain than ever that prem are going to make a fortune for shareholders . As spodumene heads to our target of $1500 it is likely that sales of $450 m a year . You got to have a market cap multiples of where we are now .
At around 0.185 this is amazing value . I spoke to prem there is no placing to buy Mnh as some suggested , that was a malicious rumour.