I'm not sure there will be another equity placing here. I suspect Glencore will provide a development facility once they're happy (and they will have people on site), where the interest on the facility essentially rolls up into the capital of the loan - and then starts to be repaid once cash is generated and PREM can afford to service the debt. This is essentially a development project still, so development financing would make the most sense to me.
RE: Stage 1 still.. after 34 days12 May 2025 13:01
No worries with this still being at Stage 1 - it's a big application for a big area of land, DEMIRS just need a little time.... will proceed to Stage 2 in the next week or two. Just need to be patient.
They got the new website in time for this too!! It's all going to look very positive and professional now....
Expect a spike in share price, and then a dip again, as more and more day traders choose to sell... that dip this morning probably the last chance to buy at sub 15p... IMO GLA
RE: Another LOI and this goes 0.10+ in a flash. Could see 2-3 more.2 May 2025 08:54
Next LOI will be from Tianqi Lithium Corp.... in my opinion. That's almost as big as Glencore to be honest, perhaps bigger news as bigger in the lithium space...