Member Info for ACKER

From the same report:

Premier African Minerals Limited (LON:PREM) will remain focused this year on acquiring assets that can generate cash and identifying high-value exploration targets.

So that's the Circum money gone.

Acker

Kiev--yep,a lot of "investors" well down ,showing considerable losses after following false hopes .
Most are just hoping to break even and get out.

Acker

CF73--and that is my point--WE ARE NOT A LITHIUM PRODUCER.
Will will not be a serious producer for the next 5 years
Lithium will have been replaced or at least the demand for lithium will wane.
Every battery maker in the world is looking for an alternative to lithium.
As previously stated...the environmental pressure to replace lithium will accelerate the change.

Big changes in the way the world operates.

Wake up and smell the coffee.

Acker

CF73--with the greatest respect the articles to which you are pegging to the mast are of no direct importance to Prem.

It will take 3,5 or even more years before Prem enters the mainstream as a serious lithium producer,by which time it will be a much different marketplace.

The only ones to benefit will be the current producers.

Acker

Cf73--in response...I was alluding to the expected dividend payment that so many on here are awaiting following any IPO.
The "Pandora set " is expecting and promoting a lucrative dividend payment,this is where I disagree.
I did not mention the overall effect on the SP just the dividend payday.
This lump sum being made available to Prem will be used ,in part, to finance the exploitation of Zulu.
Further finance will be used to advance the holding,takeover of MNH.
CEO has made it clear that the company must acquire further assets that generate cash
Cash reserves will be allocated to secure working capital.

THEN

Shareholders can vote as to utilise the residue..note,we have yet to have a full list of items to vote for.

Hope this puts the record straight.

Acker

Circum IPO will not be a great payday for shareholders.
George may pass a few crumbs around to shareholders,the pie will have been divided up well before the vote.

Acker

Wolf...agreed.
Doesn't go right all the time however not complaining.
A stagnant share price is no good to me--EPO will be a most welcome payday.

Acker

https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-deposits-pegmatite-and-sedimentary/

Some information for the freshers.

Acker

https://www.pocket-lint.com/gadgets/news/130380-future-batteries-coming-soon-charge-in-seconds-last-months-and-power-over-the-air

Just a sample of the alternatives to the pure lithium power pack.

By the time Zulu is in production a superior power source will be not far away.

Acker

https://www.nytimes.com/2020/09/20/business/electric-cars-batteries-tesla-elon-musk.html?utm_source=pocket-newtab-global-en-GB

Interesting read.

https://www.dw.com/en/the-batteries-of-the-future-sodium-instead-of-lithium/a-54707542

Environmental pressure will advance sodium batteries.

Acker

Glad to read that you are now agreeing with my statement a few weeks ago the CEO would be raising finance.

Acker

Premier has not had any upside in our share price from this investment and we intend now to focus on alternative funding options.

Some interesting comments about funding requirements.

Pity the market is not in agreement with the young rampers.
Oh well,seems we will have to listen to it all once again.
Can have a bit of sport with the freshers.

Acker

CF73--welcome back.
Your articles about lithium...when do you see Zulu in full lithium production,3,5 8 years.
An awful lot of environmental pressure on lithium mining--these environmental groups have real power.
Lithium will be overtaken as an acceptable power source.
Hydrogen will power the world.

Acker

So why has CEO wasted so much time ,effort and money in J V negotiations

This partner of yours....will require a DFS prior to any agreement.

Zulu could have been in production by now.
The EPO is a bonus.
The mine could have been producing revenue on the area already secured.
No action due to no funds.
Treat this as a leaning curve,one day you will get it .

Acker

Pray Rob--what is looking good this morning--the weather ??