Member Info for CF73

Roblobster, I do believe with Zulu EPO and a solid JV, we could exceed a market cap of £30million (I provided that as a bottom line). Much of it depends on the finer detail e.g. who the partner is, what kind of arrangement, how much work in what time-frame, what about the gold etc.

There is potential for it to go mental here - with the right kind of news :-))

Share buybacks are a useful opton but when compared to a dividend as high 0.05p to 0.10p, doesn't compare -- Id ake the dividend any time. I do think that some folks may prefer some of the Circum funds be used for existing and/or new projects. The obvious one is towards Zulu + EPO DFS.

We know from previous online articles leaking the news, EPO has been awarded. We then got an RNS from PREM not denying the award, stating intead that they awaited written confirmation. There is also general consensus amongst knowledgeable folks that GR was in Harare today. Can only assume that this should be in relation to closing out the process, i.e. formal paperwork perhaps. If this is the case (am guessing it is), then when are we likely going to get the RNS?

If the meeting today involved fresh details that could not have been pre-written or known advance (for example, specific conditions, exact area etc), then that RNS has to be written before being checked by NOMAD and then published. So is very possible we may not hear tomorrow morning first thing. It is possible that the RNS comes intraday. This would allow time to write and check before publishing. Otheriwse, we could get the RNS Thursday morning. Down to how much detail is expected to be in the RNS.

At this point, not expecting anything additional info in the RNS other than EPO and related details, conditions etc. I think things like JV and partenrship and overall plans will come very quickly after. I may be wrong but that's my current take.

Believe we can progress to 0.20p + on EPO approval, especially as Circum and RHA are able to be viewed more positively after EPO transforms the picture around PREM. Massive upside from here.

Good luck to all the genuine folks!

EPO announcement should take us past 0.20p (given Circum value and RHA moving too) -- and then JV or some form of partnership announcement for Zulu EPO should take us to 0.30p and more. Is very possible. SP of 0.30p equates to a market cap of £30million. That is not overstating what PREM should be valued at with Zulu EPO and JV in place, along with everything else I just mentioned.

I take it you bought back in?? Your posts are usually like "GRs useless..." and "...that chippy is a top bloke!"

How many IDs you got?!

Strap in/ on and Bryce yourselves!

...GR is in Harare (Zim) today...

chippy, you not going to be satisfied with anything...

Remember after GRs comments about Circum Divi, you saying you wanted it in an RNS. So GR obliged. But you continued moaning...

...now you saying map this, Bara that, like as if we got it, you would be hapy LOL.

Is a good thing you called chippy and not chirpy

To get an idea of what is fair value, you need to look at the market cap. Currently, that's around £8million. Forget Zulu, that undervalues the rest of PREM. For exmaple, we could be getting back $10million to $15million form Circum when it IPOs or is sold. You add Zulu with EPO to that, and RHA, and you can see how this had serious upside from these levels.

CACKERyourPants, you sound like some arch villain from Sherlock Holmes with your "ha! ha!"

There is no further dilution possible as we have reached PREM's share ceiling. Would require an EGM to raise further. So I think folks are safe from that issue i.e. no dilution, no placing etc.

Futureisbright, crazy volume here, especially when we think that PREM stock traded at a just a little over 2billion in volume when we were 0.03p and less. Now we approaching that volume and possibly more while we sit between 0.08p and 0.09p. Basically, near three x as much money is going through PREM. We know there is accumulation going on, evidenced by today's James Gozee TR1 notification. He's clearly got confidence having earlier gone through 3% at lower SPs and now here getting to 4% of higher SPs. Can't imagine him doing that unless he feels strongly...

chippy, you should've got your hands on GRs sprouts and showed us how its done.

GR in Harare by the way.

Good luck to all the genuine folks!

Confirmation that GR is in Harare...

chippy, what they all show is that Dattels has close contact with the company and lithium sector (i.e. Regents Mercantile Loan, which by the way was extended without any penalties - very 'friendly' cooperation; and Cirucm Minerals, where we have a 5% stake, where historically PREM/GR did Dattels a favour by buying out those two distressed sellers) and LSC Lithium (being close contact, experiece, expertise and links to the very sector in which Zulu sits).

If you hold here then I is in awe of how someone could talk their investment. You clearly want to lose your money.

Chippy, which one of the following isn't true?

- Regent Mercantile Loan
- Circum Minerals
- LSC Lithium (i.e. demonstrating Dattel's Lithium interest & track record)

I await your response,

Dattels fingerprints seem to be everywhere,

- Regent Mercantile Loan
- Circum Minerals
- LSC Lithium (i.e. demonstrating Dattel's Lithium interest & track record)

Is the route, #PREM bang out ZULU (with EPO) to DFS and then sell for many $$$hundreds of millions??

...do you write down everything that crosses your mind??!

For what it's worth, as part of EPO application process, PREM had to provide credible plans. From what news we have (thinking about those articles), Zim apparently content with those plans. PREM however have options open to them as to who exactly they work with post-EPO (this is what I understand/ believe). Zim apparently aware and understanding of this 'open options' situation. If this is correct, then there must be a number of interested parties (we can guess at who these might be i.e. Dattels, Chinese, Rio Tinto etc.)

What I found interesting was the below link, outlining the EPO process and the range if stages in the application. Particularly:

-------------------------------------------
8. EPO Work Monitoring

• Receives Six-monthly progress reports.
• Sends copies to ZGS.
• Evaluates six-monthly reports.
• Visits exploration sites.
• Makes recommendations to MAB.
• Compiles geo-technical data from EPO’s
Accepts or rejects continuation of exploration work
http://www.mines.gov.zw/?q=procedure-and-criteria-issuing-exclusive-prospecting-orders-epos

-------------------------------------------

This tells us that very quickly, PREM have got to be making demonstrable progress. So, while there are options on the table, decisions have to be taken in quick succession in order to have that tangible progress at the 6 months stage. However, helpfully, the options open to PREM will allow the company to choose the best possible pathway, thinking about the strength of the offer and value to PREM and the project.

I would also add, there will be a lot of BIG Players interested. They won't want others getting a foothold with Zulu post EPO. Very interesting times...

As always, DYORR!

Elsewhere, Zim have said they believe they could account for 20% of the global lithium market if they realise full potential. Lithium isn't an incidental mineral in Zim picture. They are after develping this potential and taking market share