Member Info for CF73

Last December sometime, we had snippets of news discussing internal Government protocols and processes regarding the EPO. I commented somewhere then that by those snippets, it was apparent to me that EPO sign-off could not have come by that time given the nature of ongoing discussions.

It brought into view (at least for me anyway), questions and issues around the use of the word ‘procedural’. On the one hand, it could be used to mean to EPO could any time as sign-off could happen any time and that the procedural part of it was literally this ‘ceremonial’ sign-off.

On the other hand, going by those Dec 2019 snippets, it seemed that ‘procedural’ more likely meant that the Government had to follow a certain set of processes and procedures before sign-off and formal approval and announcement of EPO.

Is clearer to me now (and am sure many others) that it is/ was the latter.

But it was a real headache for me. Those Dec 2019 snippets of news around the EPO process and PREMs version of ‘procedural’ were not aligned.

Interestingly, by the beginning of 2020, one or two LTHs were ‘under the impression’ that the EPO process/ progress could be concluded within 4 to 6 weeks of the start of the year. Looking at the possible news and emerging discussion, the actual ‘procedural’ process seems to be coming to a head, very much in line with this timeline, and is likely to conclude very soon – finally.

I haven’t posted recently as have had things to do deal with. But I genuinely believe we’re headed towards the game-changer and that it is on the VERY near horizon.

Respect to the LTHs and good luck to all the genuine folks!

Excellent post there James, agree completely!

Looking forward to the coming week!

If Zaza is a criminal, what does that make Hope, YA and the Shorting Scrotii??!

I consider it remarkable that FRR have remained in the fight given everything coming at them.

Absolutely PK, major news incoming, EPO, Circum, for serious starters, and rerate nailed on.

Perfect storm brewing at #PREM with timelines for EPO & Circum news converging toward imminent updates. Add great progress at RHA, moving to production early 2020 & MNH link going very well (access to profits & $22m of equipment!)

Still a daft market cap at £10million! Take your positions.

PREM finally pulling it together. Still hugely undervalued when all assets and activities considered. Perfect storm forming with timelines for EPO and CIRCUM news converging, and also with RHA moving rapidly towards production and MNH relationship developing

Good luck the genuine folks!!

#PREM Ethiopia investing $500m in infrastructure, to support potash projects, including CIRCUM Minerals, which, according to Ethiopian officials, is ready to begin production. State investment clearly part of a plan to make this happen. CIRCUM becoming certain, news any day + EPO + RHA!

All for £9million marker cap. Circum liquidity event and dividend will derisk any investment at that levels and more.

Take your positions!

Great find by NaPoM over on twitter, Ethiopian government to provide $500million towards infrastructure for Potash exploitation and development. In other words, for projects like Circum.

Liquidity event getting nearer and nearer!

Great find by NaPoM over on twitter, Ethiopian government to provide $500million towards infrastructure for Potash excitation sfd development. In other words, for projects like Circum.

Liquidity event getting nearer and nearer!

Zim been desperately slow regarding these EPOs. PREM not alone. Many of the other companies in similar positions. However, there is a growing belief we are likely to hear in Jan 2020, and early. Current levels represent a steal as it is.

Get in before the herd!

Agree EPO is a major catalyst here but everything we presently have would easily undepin an SP 0.20p (that's only a market cap of c.£23million -- we spent £20million on RHA, zim now agreeing to bring to production, and we start production early 2020). RHA alone worth more than current market cap...then...

Circum
MNH

Before we get to add EPO.

We could be at 0.15p before EPO Lands. Bounce over due and oversold and not repreenting fundamentals, let alone charts etc

- RHA Progressing very well, see pics of the plant and mine, zim bringing to production. Visibly worth more than our market cap, indeed, between 2 x and 3 x market cap

- MNH Deal, we know own 10% of a Manganese mine, with access to proportion of revenues/profits and $22million of equipment

- Circum. News due on Sale/ IPO, liquidity event potentially to realise $15million to $20million, this alone underpins and desrisks any investment from these levels,

- Zulu, target area of Main Zone and New Zone makes it on a par with Ausralia's Pilbara Minerals project (Australia's hard rock Lithium project)

- Then add EPO - area so large it appears comfortably on the map of Zimbabwe itself. Area is mineral-rich, including the Greenstone Belt, containing both signficant quantities of Lithium and Gold. Funds will be available to start work imediately on grant of EPO. This is getting closer and closer.

Current market of £8million is ridiculous! SP not going to much lower, if at all. Now is the time to take positions!!

Market cap only £8million when compared to everythging esle, thinking about work and developments at RHA alone, with mine and plant, on the verge of coming back in to production and considerably earleir than expected.

Circum news on the very near horizon.

#PREM Circum dividend underpins/ derisks any investment made at these levels. Upwards of 0.065p divi per share while SP 0.085p or £3, 3267 for every 5million shares held. Then add everything else, incl. excellent news at RHA closing in on production and EPO!

Huge upside from here.

ODR, I hear what you are saying about guarding agauinst believing the bad news has stopped. Still think that we are on course and that largely there has been no definitive bad news for a bit - doesn't mean that there may not be any bad news in the future. But it does look like we're moving with Georgia in a particular agreed direction, and that was probably the biggest thing (certainly more latterly). In turn, it sort of increasingly negated the Hope effect. of course, not having all the information and not being able to the complete picture has meant our perceptions were inevitably tended towwards the very concerned and until confirmed, from our perspective, this remains [sort of] in the balance. But the information emerging is pointing to a resolution that in the end will benefit shareholders.

This is the thing, when we get any key bits of information, it shows we are moving towards a positive resolution. Other than that, we have silence. The difficult news, the stuff that was grinding us down contiuusly, stopped happeing a little while ago. We have proper to be optimistic, with the information being found over te last couple of months. Unless any new concrete information tell folks otherwise, don't be letting the in-between silence be dragging you down (and anyway, we haven't got too long to go, I don't think, in the scheme of things).

Thanks and good luck to all the genuine LTH contributors and folks here!

Quepensa, applying for something as a big an as EPO - with our EPO area being big even by EPO standards - is no mean feat. So when the Zim government wants credible plans, including funding, then this has to be solid. However, clearly, that funding is contingent on EPO sign-off. But EPO hasn't been signed-off. Put another way, Zim authorities have to believe that PREM can finance the work and so the application has to be robust, including information on sources of funding, and likely some documenttaion from the prospective funder that once EPO is signed-off, they will be able to approve the loan/debt. Meaning, until EPO sign-off, there is nothing to RNS.

Think is reasonable to assume that the funding/JV RNS is likely to come soon after the EPO RNS (I would personally like to see the news separated out, though with possible pointers in the EPO RNS)

On the matter of who it will be (i.e. the funder/partner), the more I think about it, the more I feel it must surely be Dattels' Regents Mercantile Fund. They have the experience, Zulu EPO fits their risk profile (i.e. Circum, which has actually turned out to be riskier) and Dattels (via LSC Lithium) has signficant Lithium background.

Vibes coming out Zim getting better all the time :-)

PREM do not need to inform the market as the funding isn't confirmed until EPO signed-off. However, is great to see GR sneek mention of it into the Podcast - gives us strong indication of what's to come.

What's been discussed doesn't Circum at risk. And GR won't be able to raise any significant amount given the share ceiling. EPO application will have required credible plans, including where funding will come from. And as GR, and is now on record, they had to prove they had the money to progress work on the EPO area. That segment of the Podcast is significant.

We are ready to go.

Thinking about it, a loan form Regents makes perfect sense. Regents have that signficant Circum stake (they being the 2nd largest investor) and so Zulu EPO fits perfectly that kind of investment profile - early stage, large-scale, signficant upside projects, of the sought a Dattels-fund would think worth their while. Would add that for funds, not only is making a wedge an important thing, getting it right matters too (especially if you are of the stature of Dattels!).

Making more and more sense all the time.