Member Info for CF73

This is from the 28th Sept Interim Report "Other interested parties have engaged with Premier and indications are that the prospects of concluding a new joint venture agreement to progress Zulu Lithium Project and RHA Tungsten Mine in one agreement are good. It is a time of intense negotiation and further updates will be provided." Not sure when we'll hear but strong clear indication of the discussions taking place. Good luck all!

chippy, yes, if there was going to be a fundraising, I would prefer it came after we had moved materially forward on either RHA or Zulu (that means a JV with either one, or RHA ownership sign-off by government).

Also, its worth stressing that a fundraising involving an institutional investor is not a bad thing (or at least where the shares end up in sticky hands). It's the forward selling/ subsequent dumping of shares that creates the 'death spiral' affect. That has a compound affect on the initial dilution.

But at the moment, we need some good news. We need a deal or some significant piece of progress. Looking forward as I think we could be very close.

JustDandy, me ol mucker, if we got 50p, to use Kevin Keegan's words, 'I would love it!'

Gor bless yah itsallamesss! If only there were more folks like you. Salt of the earth you, me ol mucker :-)

Good day today, with way more to come.

Charlie, you said:

"For the believers maybe BARA report in the morning GLA"

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It Barra do!!

itsallamess, no problem with you call my posts ramping -- but I'll say that I work hard to stay informed, including being in regular contact with the company.

I don't have to keep banging on about GR's track record. That's been posted about plenty and I've commented too (but you've clearly not bothered to read).

Excellent stuff RTF, Aeasty and crew! Looking extremely good here. Added again this morning.

Kickmuck pulled together brilliantly all the strands, showing both wider sector industry/knowledge and specific insight into FRR and where its efforts are based.

A lot of value in those posts for me.

Good luck all!

The potential JVs would give us all the money we need to develop RHA further and to take Zulu to DFS...

...but naturally, a matter of getting them sorted. If we do get those JVs, and I genuinely believe that we are in serious discussions for both of them, then it becomes a different ball game here...

Think we're finally about to break out of the 0.30p range.

Good luck all!

Buys trickling in.

The recent drop on the interim report was overcooked. Now that it's out the way, have clear sight of goals ad milestones over the coming days, weeks, months etc.

As others have said, the potential rewards here are massive. But this ain't a rampers share.

We have partners (GE and CMEC, no less) who are committed and a project that's going to be one of the few that gets off the drawing board to become a reality. We have significant backers (take a look at the list of our major shareholders). Seeing who's involved here, what they bring and how far we've come, should give clues as to how this is likely to conclude...

Good luck all!!

tedoby, I'm not a member of the group. But I'm sure others can assist.

Chippy, I agree regarding TR1 notification. It is possible that the investment went to a consortium of individual parties. The dilution was around 6 or 7% meaning that it would only need to be three parties for them to be below 3%. In regular discussions with the company there was frequent talk about 'a consortium of interested parties'. My interpretation always was that they would perhaps come to form a specific group with whom we would be JV'ing (I believe that is what they were intimating).

What's particularly worth noting is that there has been no sign of significant selling. Not like the days of Darwin or others, who would be forward selling or heading for the exit doors the moment they had the chance. I firmly believe they are, at least for the moment, in the sticky hands.

But if PREM is meant to be in great difficulty, and this is meant to be known the entire market, why would anyone want to invest that much and in this way?

It can only be because they are confident of a particular outcome, at least over RHA (ownership?) and that they have a bit more insight than we do. Otherwise, it would be an enormous risk. Massive in fact. So what's going on??

I personally believe we have some good news due soon. But it is for everyone else to come to their own conclusions.

Good luck all!

It's worth noting that the last fundraising - which amounted around 5 or 6% dilution - has gone into the hands of an II. They've not been dumped into the market. I wonder if that Institution is to do with current discussions around Zulu and RHA?? Put another way, why would an institution decide to plough in $750k and hold a position at this stage, when PREM, according to some, is in a desperate state?? Clues in that recent update, pointing to that joint development of RHA and Zulu? Things could be turning here very quickly.

Given everything, the frustration and anger is understandable. Difficult to defend GR and PREM. But with everything poised as they are, feel group action should be focused on ensuring timely conclusion of one or more of the proposed projects/ deals (either RHA ownership or Zulu JV - Circum out of our hands, and not necessarily leading to immediate benefit). Added to this, to ensure that there judicious management of portfolio and funds and no onerous dilution -- with dilution only when an where material advances have been made elsewhere -- RHA and Zulu - and therefore where we can see the capital bringing shareholder value within a reasonable time frame. The proposed JVs should be bringing in that capital anyway, but anything we contribute along the way can speed things up and retain for us a greater percentage We are at an important moment. Firmly believe that major news on the horizon, thinking too about the hints at a JV combining both RHA and Zulu. There was regular talk of a consortium. Is this what's playing out? Barra report dye very soon too. This should show significant prospects for profitable production at RHA. Good luck all.

20% of shares in issue owned by Africa Finance Corporation, a major continental player, involved in infrastructure and power projects across Africa. They likely introduced GE and CMEC to NCCL Michael Haworth,;Chairman, owns 6% Another NCCL director is CEO of an investment fund, specialising in power projects/generation, that owns 10% of our shares. We have Africa Development Bank having seconded one of their senior people to EDM ensuring that EDM was fit for purpose, just as we were moving this project through. Ncondezi has not only national significance but regional African. A lot of weight behind this. And Mozambique want it and are pressing for it. All of it knitting together. But folks got to come to their own conclusions Good luck all!

NCCL is not tarred with the same brush. Agree with TTP about JDA. We are very close. JDA will be happening. NCCL at pains to stress that what they await - this letter (containing certain principles) - isn't too complicated or ' contentious', that all parties agree that it's necessary, that GE, CMEC & NCCL have done their part (collectively agreeing to the contents of the letter) and are now waiting for final government sign-off. Shareholder loan news imminent and once we gear about that, then folks will be surprised how quick things move from there. Good luck all!

Thanks for your thoughts Aeasty ol mucker. It seems from what Hanno has said, Letter of Support/Assistance is with the government now for final sign off (that partners have all done their bit)... Think things will move very fast once we hear about shareholder loan restructuring confirmed. And that's imminent, likely this week(?) Good luck all!!! :-)

Good stuff folks, in agreement that the 3 month part is simply a procedural thing required by NOMAD, as you say, to manage expectations and agree JDA arriving will catch many folk out. I'm aiming to add as much as possible from here. Good luck all!