Member Info for ACKER

Snowking

This is only going one way, you know it, I know it.

Acker

Pipedream86

Because Zulu will not have any cash possibly until September /October, financing the expenses will still require shareholder support.

Acker

Should,or should I say when ,Prem issues another ,say,30 billion shares over the next 12 months how will this be reflected in the option price.

Has the releases of further shares been factored into option prices ?

Acker

Raaydaar

Then explain what the RNS actually states and where the options aliened with output would not be granted .

Acker

The option awards this morning tell you everything you need to know about where PREM is heading. These aren’t soft incentives — they’re tied directly to real SC6 production milestones, and they run all the way out to 2037. You don’t lock in directors and management for eleven years unless you’re expecting Zulu to be a long‑life, cash‑generating asset.

Each tranche only vests once Zulu delivers 12,000t, 24,000t, 36,000t and 48,000t of SC6. That’s not blue‑sky — that’s the natural progression of a plant moving from commissioning into stable output. The board is effectively saying: “We expect to hit these numbers, and we’re aligning ourselves with shareholders to deliver them.”

The exercise prices rise sharply with each milestone, which means management only benefits if the share price moves significantly higher from here. That’s exactly the structure you want in place as Zulu approaches first concentrate.

Taken together with the commissioning update — hot commissioning now underway on ore, crushing/milling/mica flotation complete, Xinhai engineers on site for final optimisation — this is PREM behaving like a company preparing for production, not a company in trouble.

The market will catch up. For now, the signals are clear:

Zulu is close, the team is locked in, and the incentives are aligned with a much higher valuation once SC6 starts flowing.

Acker

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,562

-37

(-1.42%)

Acker

Can someone please direct me to the passage in any RNS which states Zulu has to pay Goddards $200.000 per month.

IMO Hill will shortly release another progress report on HC,then he will come to the market.

Progress continues,that is all I ask at the moment.

Acker

Hot commissioning is now underway on ore, with crushing, milling and mica flotation already completed. The only remaining step is hot commissioning of the new spodumene flotation plant. Xinhai engineers are on site for final optimisation, the mining contractor is ready to scale ore feed, and the SCADA system is fully integrated. PREM has reaffirmed Q2 completion. This is the closest Zulu has ever been to producing saleable concentrate.

Excellent progress at Zulu.

Acker

Latter part of the week for an operational update.[IMO]

Acker

With good RNS:

27

Acker

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,599

-40

(-1.52%)

Acker

Looking forward to next week,a week of two steps forward as the SP moves on growing confidence.

Acker

Today Goodwood races @ 17.27:

"Roach Power"

Acker

Expecting a bullish RNS next week ,an update on the plant and timetable for HC.

Acker

No poster,and I do mean no poster,has any influence over the share price.

Acker

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,573

-38

(-1.46%)

Acker

That's better:

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,611

+16

(+0.62%)

Acker

Yes, an EGM is on the way in my view.

A call to raise the ceiling by another 50–60 billion shares looks likely, followed by an autumn consolidation of around 100:1. That would give the company the headroom it needs to drip‑feed shares into the market only as required, rather than in large, disruptive blocks.

This approach should be sufficient to bridge the gap between output and revenue and allow progress to continue without interruption.

Acker

We may see more creditors being settled in advance of the 1/2 yearly accounts ending 30/06.

Acker

Snowking is right.

Hill continues to clean up the Balance Sheet.

Acker