Member Info for Altag

I’ll be there again….I had a chat with you afterwards, your knowledge of prem, George and the mining sector was impressive. You was on the coffee I think….I was on the Malbec lol

Great post happyhols, week by week, month by month the risk with prem is decreasing…very happy to carry on holding until we get into production, which has been my intention since GR correctly held onto 100% of the asset rather than selling out or JVing too early and too cheap! Well played GR!

Assays very important but I think Suzhou have seen enough to be happy to put $35m out to prem, don’t see a big Chinese company doing that on a coin flip, they will have had a proper look and kicked the tyres on site

Game changer RNS for prem, gonna be properly capitalised for once and has a client/significant shareholder with industry experience chomping at the bit for the spodumene in the ground. Bara report seems to indicate they are going for the low hanging fruit first to derisk the borrowing position. Very very happy with how things are shaping up. GnT time, have a good weekend all

Very trick situation this one:-

Suzhou, our biggest shareholder, has cash but needs spodumene desperately

We need cash but have got spodumene

Nah, beats me it’s truly an impossible conundrum

Things looking good here ….. bit more patience needed but I’ve been here ages already so a few more months to get the big bucks is ok with me…..have a good weekend peeps

Bick, interesting analysis so you think we c7-9 bag from here on your numbers…..I’m more than happy with that! Nothing wrong in using fairly conservative numbers at this point…..when Prem gives us a clearer steer on what the cunning plan is going forward we can then perhaps amend upwards. What’s interesting to note is most here think this share price is going significantly up which is a nice change!

Few days here or there isn’t an issue as long as the message is good! I think you need to accept GR timelines are not that often hit……once thats accepted it’s a lot easier to be chilled. I’m all for delaying the rns until markets look a bit rosier anyway!

Agreed vbeckers …Chinese investor desperate for the spodumene = GR much more focused with a proper plan forming and someone holding him to account for delivery. Gotta be a good thing for us retail investors.

Struggling to work out what our Chinese offtaker timelines are going to be:-

Option A - George take as long as you like, no rush buddy

Option B - structural deficit in supply of spodumene coming up maybes we ought to get on with it

Mmmmm……..very tricky to know how they are gonna want to play this

Looking like a good partner already!

Pre-emptions rights discussed last night simply means Suzhou have right not to be diluted below 13.38% if prem issues more shares.

They would need Matching rights if they were to be able to offer the same consideration amount as another party willing to buy into zulu….no where in the rns can I see that they have matching rights.

Hopefully that puts that one to bed.

Spot on Jenkoo, fantastic summary…. I strongly believe inexperienced investors get spooked by these share price movements because they assume the share price reflects the company assets or the companies worth.

They very rarely tally!

New investors would do well to watch a few warren buffett interviews on say YouTube, in my opinio it will save them a few quid - would have saved me a
Bundle in my early investing life

65m trade just gone through at 0.46 @ 8:22am looks like a buy to me

RUS due soon I think....that will help this along!

Sorry ignore .... you're talking US dollars!

Redge think it sold for c$480m, $420m was Prospects share they didn't own all the asset

Malik, my friend, like I said lets agree to disagree! No skin off my nose.

Hi Malik Yes it is interesting .... actually I personally value zulu and the epo area higher than arcadia, suggest you research Zulu and the likely final size and the metallurgical test work previously carried out by Anzaplan.

Look lets agree to disagree I'm in quite a good mood at the moment on accounts of the fact I'm close to 10 bagging and there's plenty more fuel in the tank imo!

Milnrowmug, biggest recent positive was arcadia being bought for $487m by a chinese company....in my view on comparative basis that values Prem with its likely resource and epo area up at around 2p a share. Done a dcf and you get the same sort of number using what i think is fairly conservative numbers.

I'm happy to hold to after the JV and take another look so daily share price movement is not an issue for me, people being here 5 mins and telling prem holders that this is a sinking ship is!

Full disclosure I own 200m at average much much lower than here, I bought most of them Oct 20. I was a mug back then according to this board