Member Info for CF73

The two cases (- a) FRR against Hope on breach of Fiduciary duties and b) Hope against FRR for damages -), though bearing some connection to the issue of the default (i.e.which for us has been about trying to get Block 12 safe), are, as far as I am aware, not technically connected to the loan interest repayment default. As far as I can make out, the ADR process relates to at least the Fiduciary case and perhaps also to the Hope counter claim. Susbequently, ADR process then isn't connected to the ddefault. The most important thing for us is have we got Block 12 safe (i.e. the matter of the default). Always thought that if DoS confirmed (and guess can be confirmed via loan or production or JV or mix of any of these), means we are safe from Hope. But the matter of arbitration throws it up in the air again. So given Block 12 is still not confirmed as safe, now with GG arbitration, there's nothing they can still report. Block 12 needs to fullsy secured or deal agreed before we will hear anything.

So by all this, it is possible that we can hear some time this year, if/once GG arbitration is sorted. And if we have been doing well with exploration and production, JVs/ Farm-ins/outs, that, along with political support, could be strongly in our favour.

What I'd add here is that Block 12 may largely have been secured from Hope (and my guess is that we have succeeded in this), meaning that there probably isn't much value in FRR and Hope pushing those cases to death and that ADR may provide a way to put it to bed. We also don't know the nature and extent of any deals with majors or what funding has been secured. This means we could be doing better than we think but are left to work out via long range triangulation and guesswork (clouded by a fear of the worst in the absence of information).

Hang in there folks!

Whwtsitworth, for what it's worth (did you see what I did there?), if EPO lands, then timing, from DFS to Zulu product hitting market, will seem less a concern. Am of the view (as am sure a few others are) that there'll be some heavy weight interest (whether it be Dattels or a global level miner).

News on EPO has got to be close.

Am looking ahead to possibilities. If Zulu EPO lands, it's a different story me ol mucker. That's not to say other parts of the company don't or won't have value. RHA is moving finally (yes, slowly, but is still moving). Circum news end of year (with recent update extremely helpful). But Zulu is where there is particular excitement within the company. We still await EPO. If we are granted that Exclusive Prospecting Order, then this will be massive. Am looking ahead and forward to this (lets remember that until EPO lands, we have written Zulu value off). The current SP is an opportunity, even when just thinking about RHA (market cap £3million - our XTR Sorter alone cost $1million). Then you think about Circum (book value of our stake c.$6million). Then add Zulu. The opportunity from these levels is there to see, especially for folks who have done their research. But as always, DYOR amd come to own conclusions.

If there is an oversupply, then only the most cost efficient projects will be viable/ operational. The others will be put on care and maintenance/mothballed. In the case of Zulu, especially, with EPO, its scale along with cost of extraction/operating costs (in aspects such as wages, which will be many times less in Zimbabwe than in say Australia) makes the project a seriously attractive proposition. CAPEX and OPEX enables increases profitability massively, enbaling if need be opportunity to undercut competition (through offtakes) if required. There will be a very easy market for Zulu product.

Lithium remains a key component of battery technology and energy storage and will be for some time. What's key for PREM and Zulu is that it can be amongst the most competitive in any climate. For Zulu, scale and costs of production are critical. If we land EPO, we should be ready for some serious interest and moves. In conversations with the company, it was said and made clear that right now, they are especially excited about Zulu.

Good luck to all the genuine folks here!

Random, you living up to yer name here. Dattels hadn't converted. But you want to be so negative that you ain't even read the RNS proper,

PREM now have the headroom to allow for that loan to be converted to shares. This was the option if we couldn't pay when the payment was due. Failing that, if it came to it, if we didn't the ability to issue more shares (i.e. whatever ceiling) and Dattels wanted his pound worth of flesh, he could've taken those Circum shares against which the loan was secured. What we have instead is Dattels agreeing to repayment in Jan 2020 under no additional onerous terms.

Normally, any lender would be turning the screw. But is clear that Dattels hasn't done that. At this point, is perhaps worth stressing again the Dattel link to PREM,

- Dattels behind LSC Lithium (i.e. significant sectoral knowldge of Lithium - on other words, thinking about Zulu)
- Dattels behind the Regents Mercantile Holdings from who we have that respective loan
- Dattels director at Circum Minerals (in which we have ourown stake)

Food for thought.

Cherrypudding, what a poor quality deduction and argumentation, especially given a typo that happened when responding on my phone LOL

Your attempt at sounding clever with that argument is beyond is an insult to the homo sapien species.

You and the other negativeers should get together to have a mass whinge and group cry. I hear sharing feelings with others in a similar boat and with similar dispositions helps with dealing with stress and anxiety of the sort you been displaying this morning.

Damn predictions texting, should've read 'In the meantime...,

Anyway, good luck to all the genuine decent folks here.

Loan reschedule for repayment January 2020. I'm the meantime, by year end, we learn more about Curcum. If Curcum liquidity event happens in advance, then this iloan is one of the debts we pay off with proceeds (not much in comparative terms, £350, 000)

Worth bearing in mind, Stephen Dattels, who is a director at Curcum Minerals and who is behind Regent Mercantile (the lender behind this loan)

Cherrypudding, for a start, the low wages in Zimbabwe go along way, compare that to wages Aussies are paid at say Pilbara. Makes a massive difference.

Cherrypudding, next time you address me you fecker, at least be decent about it. Let's take this is an opportunity to start again.

That loan could've been converted to shares right now but wasn't. Easy enough, even if difficult to take for holders (ie more near term dilution). Instead, the extension gives us room to get some SP momentum without the hindrance of the dilution coming from this loan.

But folks seem only to know how to be negative and moan and whinge.

This is good news.

https://www.investegate.co.uk/premier-african-min--prem-/rns/extension-of-loan-repayment/201909040700061130L/

Am sure has already said by others but the nickel price recovering and the marlet looking extremely good near term as well as over the however many years ahead of us, now (or soon) makes every bit of sense to release PFS with up to date numbers. No longer a case of their not being believed around price projections. We into serious profitabiity territory. Unless of course dreaded NDAs in play. But I seems that getting Bowens on board shows they want to close game out. And Bowens putting his money on the table shows he wants to as well (he ain't come on board to subscribe for shares so that the money raised can be use to cover the AMC wage bill, that's for sure!)

Zim Giv now funding RHA to production. Then its money coming monthly/ yearly for ho wmany years?

Is true that thing about transition from explorers to miners and producers. Is not easy. Many struggle to do it. Has nearly busted us. But the progress is genuine. RHA will be up and running and we will be making a profit eventually. And given the cost of wages in Zim, it will remain one of the lower cost producers.

Lithium will continue to be improtant. And with Zulu having the chance of becoming the largest hard rock lithium project in the world, with amongst the very lowest extraction and operating costs, it should be very easy to see the potential here.

As have said elsewhere, right now the company are focused on Zulu. This project is what they are particualrly excited about. If we land Zulu EPO, we will be on the radar of a lot key players, including some of the biggest players in the mining world (indeed, I believe that we have been already talking to some of them).

Good luck to all the genuine folks here!

Turnaround is crazy!

Jeremiah, what has Uramin got to do with PREM? The Uramin scandal bears no relation, it's something else completely.

chippy me ol muckerooni, from PREM's final results,

"Data compilation in regard to the extended area under EPO application indicates further lithium mineralisation that would be complementary to a mine at Zulu..."

Is not just land. They know there is lithium there (just have to explore in greater depth and detail)

Wolf, indeed. Think is very possible that a VERY large player could be interested but ONLY IF we secure the EPO. We talked about Dattels previously but there are even bigger names taking a look ;-)

And it's only with a large player that we could possibly hope to make proper inroads...

Great sluething Jeremiah! Have found that too and so that EPO area is now broadly confirmed, 80 sq miles. ENORMOUS!