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Steward,

Ha! I also have another angle on this! Have a feeling we’re both thinking the same thing..

Steward,

Agreed. If George wants his pension and that director’s loan repaid, he has no choice but to make sure this comes good. If it all collapses, his options are worthless, and that loan? He won’t see a penny of it back

If I were in his position, I’d be pulling every string possible to get production online and deliver results before stepping down. He’s got a narrow window to protect his legacy — and his wallet

The upside is still there if the floatation fix works. With Roach on the clock and everything on the line, I wouldn’t bet against a final push to turn this around

GLA

And a factual reason?

B Positive,

Why?

Profit,

Indeed

Acker,

I’m with you. It’s naive to think that Prem will not need further funds to get to a test run, actually it’s near impossible and the last RNS said so

Of course, this time it’s in shareholder interest to increase the share ceiling not block it

As Snowking & Steward highlight, Glencore are not about to part with any funds unless they see the plant working to nameplate or near. Talk of Glencore dipping their hand in their pocket to help Prem out is nonsense

As stated in the RNS, there are three phases to the plant becoming near to a 3-5 day test run. If all of those are successful then a likely much longer production simulation will be required, which all cost money, a lot of money

I am hopeful this will come good, having been here in some form since 2015 I’ve see it all

To all the new guys here, let’s keep it real

GLA

key highlights from the case study

1. geological setting

• the deposit is hosted in archean granite-greenstone terrane.

• pegmatites are described as being vertically dipping and ranging from 5 to 25 meters in thickness.

• the mineralogy includes spodumene, lepidolite, and minor petalite, all lithium-bearing minerals.

• the pegmatites are zoned, with co**** spodumene crystals observed.

2. drilling and exploration

• the project has undergone extensive rc and diamond drilling.

• drill results have confirmed continuity of lithium mineralization both along strike and down dip.

• the document includes cross-sections and drill intercept data indicating grades and thicknesses.

3. processing challenges

• early pilot plant runs revealed issues in the final stages of processing, especially in achieving consistent lithium recoveries.

• the study indicates modifications are being made to address plant efficiency and product quality.

• suggestions include circuit redesigns, improved separation techniques, and reagent changes.

4. potential and upside

• the report expresses confidence in the deposit’s long-term commercial viability.

• notes that despite operational setbacks, the geology and scale of the resource remain very attractive.

• points out opportunities for resource expansion through further exploration along strike.

5. infrastructure & location benefits

• proximity to bulawayo and existing roads and power is a logistical advantage.

• zimbabwe’s geological endowment in lithium makes it a strategic location, despite political and financial risks.

⸻

analysis

• strengths:

• high-quality spodumene and well-defined pegmatite bodies.

• exploration results support resource scalability.

• existing infrastructure reduces capex burden.

• challenges:

• processing plant reliability remains a concern.

• need for technical refinement before full-scale consistent production.

• political and financial instability in zimbabwe introduces external risks.

• outlook:

• with recent interest from strategic partners (e.g., glencore, canmax), and assuming technical processing issues are resolved, the zulu project holds strong upside potential.

• the document frames zulu as a technically sound deposit with hiccups in execution rather than geology.

I know things look pretty rough with Prem right now, and let’s be honest George has made some serious mistakes. Not raising £20 million at 1p when he had the chance was a huge mistake, and since then it’s been tiny fundraises at painful discounts to lth’s

That said, when you take a step back, the fact that PREM is still standing is kind of incredible, really

All things considered, it’s almost a miracle this company exists in its current form. And now, with Glencore actually having shown an interest, plus Canmax still around in some capacity - whatever that ends up being, that’s genuinely impressive. For all his faults, somehow George has managed to keep the lights on and even pull in a heavyweight name in

It’s far from perfect, but the fact that PREM is still alive and kicking, given everything, says a lot

The share price may drift up and down regardless, and as bad as some people make it out to be, the plant isn’t actually that bad. It’s a decent plant overall - just had some issues at the final stage of processing, which seem fixable fairly soon. The real test will be once it’s been running properly for several weeks or months. If it was truly that bad, Canmax and Glencore would not be hanging around. They have seen the data of the ore and clearly some data of the EPO area. Let’s see what happens

The next few weeks and months are going to be pivotal, no doubt about that. But honestly, as much as George drives us mad, he somehow always seems to pull something out of the bag when it counts. Let’s see what happens

GLA

I think that large trade was a canceled trade from last Friday with the same shares and value ?

16:08:34

0.03835 370,642,857 Unknown* 142.14k

Snowking,

It’s not entirely out of the question that Tianyi could take over from Canmax, given that it’s jointly owned by Canmax and CATL

Alternatively, Canmax might choose to support Premier indirectly through Tianyi, especially if the plant shows strong production potential after the upcoming modifications

“ Yibin Tianyi Lithium Industry Co., Ltd. (also known as Tianyi or Tyeeli) is a Chinese lithium chemical producer jointly owned by Canmax Technologies Co., Ltd. and Contemporary Amperex Technology Co., Ltd. (CATL), among other partners.

Canmax Technologies, formerly known as Suzhou TA&A Ultra Clean Technology Co., Ltd., has progressively increased its stake in Tianyi over time. In February 2022, Canmax acquired an additional 7% stake in Tianyi, raising its total ownership to 75%.

CATL, China’s largest electric vehicle battery maker, is also a significant shareholder in Tianyi. As of the latest available information, CATL holds a 15% stake in Tianyi.  

Therefore, Tianyi is primarily owned by Canmax Technologies and CATL, with Canmax holding a majority stake”

GLA

By significant you mean -0.84%

Wolf,

I thought prem had an agreement with Canmax for profit sharing of the li hydroxide?

Https://youtu.be/SWyWZC1S2kE

Dazed,

Not out as yet.. it’s coming very soon

Snowking,

It’s possible that the article you’re referring to hasn’t been published yet, is behind a paywall, or is available through his private channels

Snowking,

Agreed.

Cracking RNS!

Ray,

Yes, it’s down to complete incompetence

However, the difference this time is that we have a buyer for the product and the Chinese shareholder. While George has failed with every project as PREM CEO, Zulu could still have a chance, but only if things are managed better. The indications are that George will not be managing them for much longer, if he even is right now. It’s called oversight, something George is not familiar with but something he has to get used to or go

GLA

Steward,

It feels exactly like before the Canmax announcement

George won’t let PREM fail, nor will he let his prized possession Zulu fail or hand it over. He will ensure one way or another, that it is a success. And let’s not forget, if the plants Floatation section can be proved to work and produce SC6 consistently, we already have a buyer for the product. Let’s also remember that this is a pilot plant, yes a big pilot plant, but still a pilot plant. Zulu could host 3 to 4 full-scale processing plants. All George needs to do is find some financing and/or a JV. We should also not forget that as a whole plant seems to be reasonably good. It’s just the final floatation that’s the problem and of course this has been worked on. We just need some very small finances to fix it, adjust the reagents and run a 3 to 5 day production test. None of this is rocket science it just needs a little bit of money

There is lots to play for here

GLA