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https://twitter.com/les_teabo/status/1619695259554029569?s=46&t=cgQngs6hS-eIUphB4x2osg

As the Herald reported, Zulu lithium project at the Insiza District is in a win-win situation, which is developing the local communities by creating jobs, funding schools, building roads etc. Villagers can look to a bright future because of the project.

https://twitter.com/chinesezimbabwe/status/1619780326359973889?s=46&t=2ySP9kQP3Ky4r4k-3rMTwQ

Snowking,

Thanks. I had hoped they would, perhaps being cautious with payback timescales.

Jenkoo,

It had been touted we would pay off the loan in 3 months which is why I was surprised to hear Brendan say potentially 12 (or less)

In the scale of things it’s a relatively small amount of money, if like we all hope we’re pulling in $20-25m a month it could be paid off quickly if they chose. Perhaps they are being cautious on payback while we ramp up and the plant is fine tuned.

Looking forward to the rumoured chronicle reporter visiting Zulu early in the week so we can see what progress has been made in real time. Media should like last time be plastered all over twitter a few hours after the visit.

Hi Jenkoo,

Agree it would be great to pay the loan off quickly, although Brendan in his recent presentation said “we could potentially pay off our off taker within 12 months, maybe sooner” It didn’t strike me as a top priority listening to the presentation?

Happy,

Wise words. Many will be waiting on the sidelines. The world is very hungry for li. If all goes to plan many will be wishing they hadn’t waited and got into prem while some were saying it would go bankrupt. Many including myself stuck with it and added substantially at 0.004. We have come a long way since those days.

* Production about to start
* Company goes from exploring to a producer with offtake agreement in place
* An income of potentially tens of millions a month just from Zulu. Current income £0
* A billionaire financial backer publicly stating happy to invest more.
* Zim government very supportive.
* Bids for Zulu likely after successful shipments.
* Chinese investors very unlikely to let Zulu slip out of
It’s hands and would likely outbid any offers.

We could have only dreamed of the above a few years back while prem scratched around for funds.

I also suspect once Zulu is a success the issues with rha will be quickly resolved within the zim government.

Mnh could also be very good with automakers looking to secure offtakes of manganese. We effectively own them already as they have defaulted on loan repayments (I assume)

No SP predictions from me either. I feel thought we are undervalued considering the above. What will the markets value a producing li miner at in the next few months? We wait and see, it won’t be Fridays closing price that’s certain.

Jaguar,

China accounts for more than 50% of all NEV’s sold worldwide, therefore more than 50% of demand is out of China.

While the rest of the world plays catch-up it’s china driving demand and in turn demand for li. The numbers that come out of china for NEV’s is important

Snowking,

I don’t think China NEV numbers are going to be good, estimated to be down 40% on Decembers numbers. February should bounce nicely.

“China Jan passenger NEV retail sales expected to fall over 40% from Dec, CPCA says

Auto dealers' sales pace was disrupted in January due to the impact of the Covid infection wave and the early timing of the Chinese New Year, the CPCA said.”

https://cnevpost.com/2023/01/28/china-jan-nev-retail-sales-to-fall-40-from-dec-cpca/

https://www.herald.co.zw/lithium-mine-transforms-fort-rixon-village-life/

https://twitter.com/gondaimutongi/status/1619015499588976640?s=46&t=-zTcOahVTjVo3YYJTTFeqA

Jenkoo,

Tiny trades probably from T212. Real buy price for any volume was 0.5566

Steady on Watcher :)

Acker,

Absolutely agree. I do not know why some of the good regulars here entertain these few who seem to be wanting attention, why give it? My feed today has been green box’s mainly. The board had been ruined today.

My understanding is the zim chronicle reporter Nqobile will be back at Zulu early next week, so hopefully we get to see some current media

Hi Profit,

I can confirm I have the same response from Prem.

So we will get our RNS update..

FYI my questions were as follows so hopefully some / all will be covered in the RNS update

1, Has mining / striping started as indicated it would start “tomorrow” by site manager in video footage release by zim reporter. If it has why haven’t we seen footage of this?
2, What is the current height of dam and does it currently have enough water to run the plant as it stands as indicated by site manager.
3, Have the remaining 20 trucks (mentioned by Brendan) now got to site, if not how many are pending arrival?
4, Is the plant build on schedule for commissioning on the 15th
5, Are we still on budget?
6, Any further drilling results received?
7, When do you expect the plant to be powered up for testing?

Jenkoo,

Why don’t you pop that in an email to Wilna to pass on to George?

This could be very good for prem

https://source.benchmarkminerals.com/article/2023-will-be-the-year-the-auto-industry-secures-manganese

Good work Profit

Back to the guessing game, how old is that photo… it’s not funny anymore tbh

Front view for the entire pilot plant area.

https://twitter.com/premafrimin/status/1617884430949036036?s=46&t=0Re1FxlFfQ8rlWkIogmTOg