Member Info for ACKER

Overview

We can debate every nut and bolt of Zulu until the cows come home, but for me the only things that truly matter are the fundamentals: is progress being made, is the operation moving forward, are creditors being paid, and does the company have the working capital to keep momentum? On all four counts, the answer is yes.

Hill has Zulu pointed firmly in the right direction. For the first time in a long time, the company has a clear structure, a defined plan, and a realistic target. This isn’t blind hope — it’s visible, measurable progress. The plant is moving through its stages, the funding picture is stabilising, and the operational team is executing.

No one is pretending the road will be smooth. It won’t be tarmacked, and we’ll hit the odd pothole along the way. But the direction of travel is unmistakable, and in my view we get there — not through miracles or white knights, but through steady work, operational discipline, and a project that is finally behaving like a real mine.

And to be clear: I want us to get there without outside “saviours”, without institutions dictating terms, and without handing the upside to anyone else. We don’t need them. If Zulu delivers what it’s capable of, the value flows to shareholders, not gatekeepers.

Progress, structure, and momentum — that’s the story now.

Using a filter this early in the morning, a first for me.

Acker

At the end of the day, Canmax will do what Canmax wants to do.

No one has any insight into the Canmax modus operandi.

They may move, they may not.

I do, however, think that the long stop will be tested again.

Acker,

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,810

-62

(-2.16%)

Acker

Please, please, please, tomorrow, can we discuss the excellent work going on at Zulu and the credible management of the project and not go over and over the Zulu history?

Zulu is now a different company

Thank you.

Acker

Gosh,you posters have certainly let the puppets out for a play today.

Best not engage with them.

Acker

Asher7

The next meaningful catalyst will be the results from hot commissioning. We don’t yet know the exact timing, but whatever comes out of that phase will set the tone for optimisation. If the early hot‑run data is favourable, the market will respond — it always does when real numbers replace speculation.

Right now, we’re in a holding pattern. No bad news, no breakthrough news, just that familiar void where AIM stocks drift because there’s nothing fresh to anchor sentiment. It’s the doldrums, and we sit in it until ore goes through the full circuit and we see what the plant can actually deliver.

Acker

Timmomo

Yes, commissioning in Q2

Optimisation running into Q3

No commercial production in Q2

Acker

Hasiba

Mr Hill included this sentence in the RNS dated 28/4:

Commissioning and optimisation activities remain firmly on track for completion during Q2.

He has repeatedly referred to this in past notifications.

No such reference in today's RNS.

My concern is Canmax, I hope the cordial relationship can reward the progress by allowing further time.

Acker

Mafs

The point I was making, yes, commissioning is on track for Q2, but silence about optimisation being completed in the same time frame.

Acker

Three steps forward, only one step back.

Acker

RNS

Overall, I’m satisfied with the direction of travel. Progress is being made, even if I had hoped the plant would be a little further down the road by now. Hill has filed a solid update — nothing spectacular, but steady and credible. Progress is progress.

One point did stand out, though. For those of us who read RNS wording carefully, his Q2 guidance refers specifically to commissioning, with no mention of optimisation this time. That omission is noticeable. It raises a fair question: will Canmax be prepared to move again if optimisation runs beyond Q2? Some clarification on that front would be welcome, perhaps in the Stockbox interview.

On the funding side, the picture is improving. The implied placing price continues to rise — 0.0185 is a significant step up from the last 0.0136. That’s exactly what you want to see as sentiment stabilises.

Will Hill need to raise the share ceiling? Yes.

Will we see another consolidation this year? Also yes.

Neither should come as a surprise — both are part of the rebuild phase.

For now, steady progress and rising placing levels are the key takeaways. The rest will become clearer once we hear more detail on commissioning, optimisation and Canmax’s position.

Acker

It all adds up:

Spodumene Concentrate 6% Li2O Index CIF China

SMM-Li-SC-001

USD/tonne

Collect

2,872

+2

(+0.07%)

Acker

Going

Yes,inclined to agree.

Acker

Not offering excuses for today’s drop, but a few points are worth keeping in mind.

The wider market has been under pressure all day as government borrowing costs spiked again, and that’s dragged a lot of small caps with it. When gilts move like this, risk appetite shrinks and the AIM end of the market tends to feel it first. Liquidity dries up, spreads widen, and even modest selling can push prices around more than usual.

PREM is also still in that awkward phase between commissioning and meaningful revenue. Until the company is producing and selling regularly, the market will treat it as a funding‑dependent story, and that makes it more sensitive to macro moves than most of us would like. Any hint of uncertainty — even external — gets amplified.

So yes, the fall is frustrating, but it looks more like a combination of market conditions, thin liquidity and the usual AIM overreaction rather than anything company‑specific. Once we get clarity on commissioning progress and the first signs of output, the narrative changes quickly. For now, it’s just the market doing what the market does when nerves are high.

Acker

As I recall once the Canmax loan has been settled, Canmax has an option to take the next 3 years' production,

Any discussion or amendment to the current situation must be presented to and cleared by Canmax.

Canmax is in control.

Should other investors show interest, I cannot see any negotiations commencing just on one nameplate run at grade.

The investor wants grade and reliability before signing a multi-million dollar deal,a deal which I think will rob the shareholders.

September/October will be the "active" months IMO.

Go it alone Zulu.

Acker

Canmax doesn't have to be a predator; the company is protected by the agreement.

Acker

Hikewithcaramel

Pray tell, when are you expecting the 7.00 am RNS and what tonnage/grade?

Acker

Muck165

Not a chartist myself.

All it really means is that the short‑term trend has finally turned stronger than the medium‑term trend. In other words, recent buying has been consistently firm enough to drag the shorter average above the longer one. It’s usually seen as a constructive sign — not a guarantee of anything, but a clear indication that the long downtrend has weakened and momentum has shifted.

Worth noting, especially given everything else that’s lining up in the background.

Acker

Anunnaki

We do seem to accommodate the sellers during the AM trading and make gains later in the day.

Acker