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Some thoughts;

1. Zimbabwe Government on record stating they could secure 20% of global market share of lithium supply, if potential is realised. Lithium is. a major target for Zim government. Zulu EPO will play its part. For that PREM will have had to have presented credible plans, including likely partnerships and JVs. Clues are out there!!

2. Zimbabwe struggling as a result of widespread economic and social difficulties. People not happy. Current administration need to show demonstrable progress. At the time of the next election, this will need to translate to jobs and security for the ordinary folks. Mining and minerals industry has been positioned to deliver this. Look at the recent heavy focus, and see why and how Oct 14th has been such a big fuss!

3. Currency issues are better contextualised in this article than has been previous. Moving to RTGS was not on whim and I certainly wouldn't begrudge a nation trying to under its own currency. More crucially, what currency we use - thinking especially about RHA - is less important than ensuring we have the ability to do the necessary development work to bring us to production. The money promised for RHA was only ever to bring RHA into profitable production, not to sit in the bank. Though still some work to do, Di firmly believe RHA will have its day.

[Continued...and importantly]

"2019 has been a transitional year with the government in February 2019 moving away from a currency that was pegged to the US dollar, to now a floating currency.

“This has lead to short term volatility and disruption, but is a crucial step in Zimbabwe developing as a nation that will yield long term value and improved fiscal stability,” Mr Warner said.

Mr Warner said Prospect had rapidly transitioned from exploration, discovery, completion of feasibility studies and was now in the financing and development phase of the Arcadia Lithium Project.

It has taken the company less than three years from the first exploration drill hole to completion of a Definitive Feasibility Study (DFS) that validated Arcadia as a world class and globally unique asset, with the rapid progressing of the company occurring at a faster rate than its peers.

Lithium demand

This comes as Zimbabwe is poised to reap huge dividends from exporting electric vehicle (EV) batteries lithium, whose demand is expected to soar as demand for battery-powered cars continues to   grow.

Demand will be driven by rapid expansion in the lithium-ion battery industry, as world demand for hybrid and electric vehicles, energy storage systems, and high-drain portable electronics continues to grow.

Lithium mines in Zimbabwe

Despite having only a single mine, Zimbabwe is the world’s fifth largest lithium producer and Government has designated the mineral as one of the minerals expected to drive economic growth in short to medium term.

Other lithium projects in the country include Bikita Minerals (already in production), Jimbata’s Kamativi lithium project and the Zulu Lithium project near Gwanda, which are now at different stages of development."

Great article,

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Australian Stock Exchange (ASX)-listed electric vehicle lithium batteries company, Prospect Resources Plc, is bullish about the Zimbabwe’s economic prospects and believes the currency reforms Government started in February this year, were a crucial step that would yield long-term benefits.

Prospect is developing the Arcadia project, commissioned by President Mnangagwa in November last year, just 38 kilometres east of Harare, which is ranked as the most prestigious lithium mine in Zimbabwe and Africa.

Arcadia will be the first of several multi-billion dollar investments that will come on-stream under the incumbent administration. Studies have confirmed the project as highly profitable. It will generate over US$3 billion in exports for Zimbabwe.

The project is also integral to Government’s target of a US$12 billion mining industry by 2023 and is major stepping stones to President Mnangagwa’s grand vision of Zimbabwe achieving middle income status by 2030.

In recognition of the mining initiative strategic importance to the economic growth of Zimbabwe, the Arcadia Lithium Project was earlier this year granted Special Economic Zone (SEZ) status.

[...]

Zimbabwe dollar

Prospect said Government was spot on, when it made the decision to adopt a freely floating domestic currency (Zimbabwean dollar) after using a US dollar dominated multi-currency regime since February 2009.

Zimbabwe reintroduced domestic currency in February this year, and made it the sole legal tender in June, as it faced critical shortage of the greenback while business quoted most goods and services in US dollars. The company said while the transition to a local currency had resulted in shorter volatility and disruption to business and the economy, the decision was the right thing to do as it will yield desired results in the future."

https://www.sundaymail.co.zw/mining-giant-bullish-on-zim-dollar

An absolutely awesome post GardenEye. Great to have you back posting - lease keep them coming!

Is worth adding, although the ADR process doesn't directly deal with Block 12 defualt/ DoS (the fiduciary claim against Hope was never properly linked to the default), can imagine that even if we are safe with Block 12, they will probably prefer to say nothing till the ADR process is done.

As toxic as this case has been, ZM/SN and Hope cannot possibly want it to drag out beyond the ADR date (unless Hope is in a tight spot of some kind)...

I am hopeful we could be hearing something by Christmas.

Easrbern, fair point, though I it shouldn't alter materially the point I am making regarding FRR being in an ADR situation, hence the silence. An end of November timeline means is possible we hear nothing till then. By the date or just after, we should know if the ADR process has resolved the matter or not.

On Aug 1st, following the case management conference, the two parties 'agreed' to enter in an Alternative Medium process (ADR). This a process that could take up to 120 days.

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ALTERNATIVE DISPUTE RESOLUTION.
MEDIATION. The parties will seek to engage in private mediation in the next 120 days.

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Those 120 days are not up yet (taking us to the beginning of November). This has been a really nasty process. Can only imagine that the full amout of time is being used to work it out. At the time of this ADR process coming to be known by us, I'd personally come to term that it may take the full amount of time may likely be needed and that we wouldn't be hearing anything for the duration (the Dolphin issue forced out some information and provided a beacon of hope).

I haven't been checking this BB everyday and am not sure if other news has emerged, but - unless there has been something to suggest otherwise - I remain of the view that we remain in that ADR process and it would not be useful for the company to be saying anything unless they ab****ely had to.

Once we enter into November, we can then see what the situation is. Right now, however, the fact we haven't heard anything makes perfect sense to me.

PREM remain undervalued. Have to be careful about the ramops but there are sme decent SP targets out there for when EPO finally lands, and then when we get JV sorted.

What EPO does epseically is confirm the turn sentiment. This not only supports thinking and asssessment around Zulu but also helps with bringing back some of the value that should've been attributed to RHA and Circum (we got to remember it's possible the Circum dividend is equal to the current SP!). In other words, EPO brings everything else into sharper focus, enabling the entire picture to be considered again.

Good luck to the LTHs and anyone else being geneuine!

Rumours regarding possible JV Partner point to far more significant parties. These have been discussed on LSE and Twitter. The news stories around the subject of lithium and Zimbabwe only support this view :-)

Big buys coming in now -- tick up soon,

Once we get EPO and then JV, cannot say what that will do, but will be mental. Trusted holder tedoby suggested that Zulu with EPO could be the largest hard rock lithium project in the wolrd by a factor of at least, and possibly upwards 10 x.

Then add JV,

Then add Circum...

...not to mention RHA and MNH...

Upside from a £10million market cap is crazy.

IQ, LOL, am trying to be sensible but do believe we will do better -- just didn't want to be accused of being rampy { / :¬ ) X><

Phenomenal upside from here, especially given current market cap...

...building to close of play. Going great guns today!

Once EPO in, then we should be heading out to 0.30p. Once JV announced, I think we could be getting somewhere around 0.50p (especially with Circum, RHA and MNH bubbling away too).

Also, have seen some discussion which of the two - VAST and PREM - has the gerater upside.

Let's compare market caps,

VAST £44million

PREM £10million

That should be adequate enough to the settle the matter :-)

Good luck all!

Good to hear about VAST RNS, but we know it contains nothing we don't already know (Just that our 'online speculation' RNS came out much earlier);

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"The Company continues to work closely with the Zimbabwean Ministry of Mines and Mining Development, ZCDC and the Chiadzwa Community and wishes to confirm that it has received confirmation of the signing during the course of next week."

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Basically, we both be hearing next week.

Good luck to both groups of holders!! :-))

rob, EPO will land, and plans thereafter (well researched folk have a pretty good diea of what's to come) will seriously wake up the market. Will come a time very soon where getting in below 0.20p will have looked cheap

The price to buy/Bid is increasingly steadily. Tick up due.

Good luck to all the genuine folks!

Comparing what ne stock is doing to another on a mniute to minute basis is ludicrous.

For a start, we could see that buys were coming in below the mid-price, meaning they appeared as sells when they weren't. Then the MMs dropped the SP, which was easy to do following that. A classic MM play.

So stop with comparisons and jitters, there's no need.

It'll be back up shortly. A lot of the earlier sells were actually buys. We droppong to present the actual SP and buys coming in and being recorded properly. Look out for the next leg up!!