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Snowking
You stated below 'Circum , I suspect the developments are better than the market expects . Perhaps a circum liquidity event is closer than we think , but I agree again with your comments.'
Your comments are getting looser and looser as time goes on. The use of 'perhaps', 'suspect' and 'expect' are becoming much more regular. Make sure you social distance from GR, the BS may be contagious!!
Bickmaster
Bickmaster , I agree your scepticism, on Mnh . I feel the same as Prem don’t need Mnh at the moment and I would wait till Mangaense is higher .
Circum , I suspect the developments are better than the market expects . Perhaps a circum liquidity event is closer than we think , but I agree again with your comments .
Coming back to the share price . We were up to 0.47 in March , we are only 0.21 , we are about to start drilling with £1 m in the bank.
We should be above 0.3 and we look to be heading there . I thought we would get there in July , but it looks like this week .
I will be topping up today . If you look at the Chinese deal this last week for Mali lithium , this sector is on fire .
Volume yesterday 1 billion , this is real buying from some one wanting in aggressively .
mppotus
Perhaps a merger would be sold on the basis of an 'imminent' Circum liquidity event to get shareholders on board? If that is the case I would be very sceptical on whether a merger is in the best interests of PREM shareholders.
We all know Circum's liquidity event has been 'imminent' for a number of years. The region in which Circum is located is in the middle of a civil war and famine. All you have to do is run a search for 'Tigray War' or 'Adigrat massacres' and you will have a choice of numerous articles from the past few days about incidents which have taken place in the area, including in Adigrat and Hawzen which are less than 100km from Circum's base in the Danakil Desert.
Some may call this deramping but I couldn't see an IPO coming along too quickly for an asset in this area. If anything it would provide clear underpinning why the Circum team want to get in on Zulu now as there is little change in them being able to do anything with Circum for a number of years until the political situation is sorted.
Bickmaster
Sound analysts Bickmaster. Rha and Mhn duds and the sooner there is a liquidity event if ever in Circum the better.
Zulu is the prize asset and the only one worth pursuing.
Colonel, the leak contents are not widely known , it may be it is someone or company taking a stake
Bickmaster , sorry the 6% spodumene is not comparable to 1% lithium . Sorry they are different materials or different elements
Made lot of cash today great gonna buy so braveheart make more yes yes
Just playing devil's advocate here but can anyone give me a reason why Circum merging with PREM is a good thing for PREM?
Circum are not listed and have a resource which they haven't been able to do anything with for the past number of years because of economic and political stability issues, whereas PREM (since the EPO) have a very attractive asset which they can DFS ( my estimate is by end of 2022) and bring to a market where investors are very keen to acquire such assets (Ganfeng's offer for Bacanora demonstrates this).
We need to leave RHA and MNH out of this. They are like Cinderella's ugly stepsisters in the equation. We cannot be sold a deal with Circum based on the benefits they can bring to RHA/MNH when 95% of PREM's value is in Zulu. What benefits do they bring to Zulu? And more importantly why have they waited for the assets to be derisked through the granting of the EPO before coming onboard?
If the rise is on the back of a PREM Circum merger then something doesn't feel quite right to me... especially given the amount of time the auditors have spend at MNH... We also know RHA is a dud from the previous $20m spent on it and there is no point in throwing good money after bad. We also need to remember than PREM shareholders have funded a lot of Circum's costs over the past few years, buying back shares which were originally owned by PREM at a substantial premium to what they were sold for.
Glad to get everyone's views.
Bickmaster
so what do you suggest it could be then?
That's kind of my point.
If the leak is widely enough known that it has allowed 2 full trading days of large scale institutional and big pocketed retail investors, then why is it not widely enough known that the info appears in the more 'public' forums?
Everything else has been said before the rns’s this year….I don’t give a hoot, just give the shareholders something to be happy knowing they made the right choice.
colonel ,
we dotn know what the leak is about . We can only guess but we have no real idea . but i think we wil see very soon
however with drilling about to start and news due on rha , it all looks very good
If something has been leaked, then surely it is in the interest of those in possession of the leaked knowledge to let it be more widely known once they have bought in.
There are plenty of users here and on the other channels, you would expect that somebody here would know what this supposed leak is, and for it to leak further without finger pointing to insider trading.
Very interesting something’s been leaked for sure
Think this might be big news some how
Surely an RN imminent
evening Wolf interesting day , i see someone suggesting rumour Circum buying Prem , well that may be not a bad guess.
Bickmaster , prem have shown somewhere in their reports about the quality of spodumene , i think in the Scoping study that the lithium is very low in Fe and spodumene is greater than 6% , that is i am sure in an rns . which commands a premium price
Tedoby can confirm as he knows all abotu this
good day for all and more to come
more buying tomorrow i reckon
Something is happening , i guess we will hear very soon
Get ready for it as GR have a better plan this time :)
Nice rise today from our block buyer, the dips I bet are long bag holders scraping some break evens or small profits back ready to re enter soon if she dips few 0.1’s again
If it gets to 2.5p in the next 2 years, I will be getting a tattoo of George on my arm. Serious
I agree its another good day for us and may we have plenty more to come . Its worth noting that Kodal had another decent day as well . Interest in these two junior companies seems to be increasing.
Every blue day is a good day, so not knocking it,,, puzzled as to why those big buys on Friday! Looking forward to Dr Tony Snowking,s morning surgery :-)
Wolf
If this gets to 2p by the end of they year I'll bathe in a bath full of Surströmming.
Good buys, as in goodbyes to all our monies? I see the UT lifted it above the graph day-end value; someone kindly explained to me why this shows, but afraid I glazed over and probably would again.
At risk of boring repetition, no-one doubts the value of the resource...
Evening all, lots of good buys today guys,
I really hope this SP gets to 2p by the end of the year. Just need an rns soon hopefully gla