RE: JV Partner???17 Oct 2019 11:43
We know by this recent Reuters article the Russians are in the Lithium game. It is ‘possible’ PREM have spoken to them or another Russia group (though certainly expecting they’ve spoken to Rosatom). But realistic that PREM settle with Rosatom or another Russian outfit?
Is very likely PREM have spoken to Rio Tinto (or RioZim). Rio Tinto most definitely interested in Lithium potential in Zimbabwe and are developing the infrastructure to manage/ process the mineral, bringing value added potential to the Lithium sector in Zim before export. Am personally confident discussions with Rio have happened. But how realistic for PREM JV with them now?
Now, Stephen Dattels; outside of these discussion boards, so little has been said about him. But, via LSC Lithium Corp, we know he is interested in/expert within Lithium (as well as Africa-based opportunities).
We also know that PREM hold 5% of Circum, we also know that he is ‘…active as Chairman of Circum Minerals Ltd.’, where GR did him/Circum a favour by buying out two distresses sellers.
Furthermore, we recently took a loan from Regents Mercantile, a fund headed by Dattels. In other words, Dattels got his fingerprints all over this. So why is it that given Dattels is so savvy about opportunities, always on the lookout, and so clearly tangled up with PREM, that we have had no word regarding Dattels, that he could be an interested party? Is it to get us off the scent?
It is worth noting, that we have Neil Herbert who’s just come on board, on to the Board, at PREM. Now, Herbert and Dattels are partners/friends, who had worked together previously.
Who is the most likely of the three here? Are there any others?
As said earlier, there is strong cause for believing we may have already identified our JV partner. Any one of the three mentioned and it would be BOOOOOM-time.