Member Info for CF73

The point Puddy me ol mucker is that FRR got to show they exist and that they have the ability and capacity if they're going to have any hope of securing Ukraine.

Coggy, they spoke to the press because it was politically necessary i.e. it was in support of the Ukraine campaign.

Think some folks still don;t get it. 0.10p equates to a market cap of £10million. This is plain ridiculous. On RHA news, support of Zim government to bring RHA back into production, that should've been enough to get us back to those levels. But market weren't prepared to accept RTGS when the point is/ was to bring RHA to production and not to sit on money in the back, regardless of what currency. RHA continues to move towards production, albeit slowly. What Zulu with EPO does is finally turn sentiment. In the process, it supports in building a better view of RHA and Circum (Circum because Zulu EPO means we can attract significant partenrs to Zulu, including, potentially, funding, in turn preenting the possibility of Circum funds being available for dividend, or at least some proportion of it).

The rises so far are great but folks should take a look at the market cap to udnerstand that there is genuinely way more to come!

There are 'rumours' of accumulation. Am guessing some big holdings being amassed and quite possible not just one party to declare TR1.

As always DYORR!

I hear some folks say words to the effect of '...this has more legs'.

Even without ZULU EPO, these are crazy levels. Market cap of £6million or thereabouts right now. For that,

- RHA where we spent c.$20million to $25million, forming an acccount owable to PREM from ZIM, taken from profits until account settled. Where Zim have agreed to fund RHA to production, equivalent to USD$6million (Yes, in RTGS, but the issue is about getting RHA production and not about sitting USD$6million in hte bank). At one point, we were stting on a market cap of $3million when we had that XRT Sorter at RHA worth $1million on its own!

- Circum dividend, to come from Circum Liquidity event, c.0.05p to 0.10p (just take a look at current SP and compare - where will anyone find a dividend so comaprable to SP/Market Cap?!)

The combination of all that is way beyond current SP and market cap. Then we have,

- Zulu without EPO but with a Scoping Study (that showed a viable project, especially thinking about capital costs compared to elsewhere).

Now granted, the company had performed terribly and for a protracted period, leading to impairment of RHA and Zulu. This cannot be denied. However, the drop in SP to market caps of $3million was crazy. This said, it has provided folks with the craziest bargain on AIM right now. Those who've got the research behind them were piling knowing how the market cap was out of kilter with the fundamentals.

And then we have,

- Zulu with EPO; once confirmed in writing, it returns value for Zulu to the PREM books, but this time inclusive of EPO, with potential to be the largest hard rock lithium project in the world and a variety of options as to how to move it forward.

Turnaround is a long time coming and LTHs deserve this, especially having endured what they have, and for showing loyalty here, even if through gritted teeth.

As always DYORR! (And good luck to all the genuine folks here!)

What's important following EPO is that we have the means to progress Zulu. Whether that be via JV or by some other means. Credible plans had been presented to Zim authorities as to what PREM intended to with Zulu inclusive of EPO and am of the belief that PREM are talking to a number of parties. One thing is clear, there is a lot of interest and that is growing all the time.

As always, DYORR!

Agreed Mohh, traders will get their 10%. They'll probably buy again when 0.07p and then again when they 0.15p :-))

Good stuff Futureisbright, I know you been one of the balanced folk, supported the company until you rightly got fed up. But things are moving, finally, and is all genuine. I more than quietly confident :-)

Absolutely Charlie me ol mucker!

Market Cap measly £5million when;

1. Zulu +EPO. EPO area MASSIVE, incl. lithium, tungsten, and gold!
2. Circum dividend 0.05p to 0.10p (compare to SP!)
3. RHA moving towards production Feb 2020
4. MNH a producing asset coming on board
5. Accumulation ongoing (rumours Dattels buying!)

...and no, this is not a binary bet...

Remember folks, DYORR!

RNS more likely towards the end of the week. Should be a very good week :-)

Indeed Doug77, couldn't put it better meself!

Doug77, £30million market cap seems reasonable, well within reach. We have made useful progress on RHA (that work is ongoing, having recommenced wth the electrification) and Zulu (we have an earlier scoping study that gives an idea of what's possible). So is not like we just waiting for license approval. We talking about unlocking value that had till now been written off the books, but this time, adding EPO, RHA progress and Cirucm looming.

£30million market cap near term is eminently acheiveable.

Good luck to all the genuine folks!

We have options for Zulu with EPO, including some form of partnership/ strategic working to bring in the capacity to undertake that work, and also some proportion of the Circum liquidity event funds; possibly a combo of the two (unless we get an ace deal with a partner that can take us to Zulu DFS without Circum). Is easily within our grasp imo

Thanks snowking, in which case we got some good honest work to be getting on with when EPO lands.

Simply WOW if there's a scoping study done for EPO area too!!

Thanks Mal, Snowking and others!

A good question Mal, and one I asked the company several weeks back; they said as part of their EPO application, they explained what they planned to do with ZULU (and also added, FWIW, that they were particualrly excited about Zulu atthis time - this well before recent news). I suspect was standard with all EPO application provided tangible ideas as to what happens subsequent to EPO approval. So personally believe there are firm plans in place regarding move ZULU froward once EPO confirmed (know a few of us will understand/ know those discussions and even agreements have been ongoing for a little while). In other words, we won't be moving forward from a standing start when EPO lands. Just how we do that is an interesting question.

There's going to be no cheap takeover of PREM. There are however parties interested in getting more deeply involved, who will have a material role in areas such as the Zulu DFS programme; and likely parties who will take a direct interest further down the road, once a Zulu DFS is on the table (such as a Global miner).

We also have Circum news looming, possible sale (which is their preferred option) if not an IPO. Some of that liquidity event money will go towards a dividend. Some of it may be used to support the Zulu DFS Programme. All of it to the good!

We're entering a massive turnaround period. Will make VAST's resurgence look pedestrian.

We may have risen 100% from the ulitmate lows of a week or so ago (being 0.0225p) but these levels still grossly undervalue PREM, it's assets and its progress, especially when remembering a market cap of just £4.5million! After EPO announcement (and I've had to revise me numbers from yesterday), we should be looking to £20million +

Following EPO, there should be a succession of other news, including -I hope - JV or some form of partnership for ZULU. Am of the understanding that the Company have been talking to a range of people, including global miners.

It's a behemoth!

£15milliom to £20 million and steadily rising from there as we have further news flow