Member Info for CF73

Hammered11, am only relaying what I learned. Have been wrong before. Most of us have with PREM. But ther eis a difference between whether I am going to be right or wrong and how genuine I am being when I relay to you what I know. Nothing am saying is price sensitive. But is related to questions I personally and seek answers for.

Zulu was already big. WE all knew that. But the Zulu EPO area is absolutely enormous. We all knew it's bigger, just not sure now much. Earlier in this tread, a poster suggests 57 x bigger. Another poster refutes this. So I called the company to ask and was informed, is more than 50 x bigger.

Regarding the process entailed in the EPO, there are articles out there on this, very helpful for insight and detail. Having spoken to the company, found out that what they said was corrorborated by articles and other info on the process. From what I could gather, it does seem we have done everything we can and have a put a good case forward sufficient repel objections. Is now up to the Goverment to approve.

None of this is investent advice. In the end, folks need to do their own research.

Gibby, heard somewhere that if we got the EPO, it'd have a fair chance of being the largest lithium hard rock project in the world. Is reasonable to say that Zulu is what PREM are really chasing and this EPO is crucial to what happens next (i.e. potentially some serious heavy weight miner!). Good luck to us all/fingers crossed!

Jeremiah, have spoken to the company just now. Zulu with EPO many magnitudes biggers in area than we have now. I asked, '...would it be reasonable to say it's 50 x bigger'. He said, '...bigger than that!' Also said that it's Zulu that they are particualrly excited about right now, that they have done everything they can to support the EPO application, including fighting off objections to their proposal and that it's now just about the Government and their final approval.

They have signficant plans for Zulu if EPO lands. There is and will be a lot of interest if we get this sorted.

Good luck to all the genuine folks!

Without EPO, we meant to be on a par with Pilbara Minerals. Their maket cap is $648million. Now imagine a project 57 times as big, with far cheaper extraction and operating costs than Pilbara?!

If we land Zulu EPO, then expect some serious moves.

Fish4money

Am as down as anyone. And yes, I have added.

If you're invested here, is about time you started posting like a grown up. The decent folks here want a return on their investment and are working this constructively. Have criticised the company plenty enough but right now negative waffling serves no purpose for me and many others - it won't make us any money.

Once again, on RHA, that progress is genuine. Once up and running, we take all profits until that remaining $14million we owed is returned.

On Circum, we just had an RNS. Am hardly making that up am I.

On Zulu, we in EPO process. Have done a lot of research into this. Understand it well enough. Have also spoken to company. If invested, you should be glad I shared.

Yes, we continue to wait to see. But if Zulu lands, and we close, is game changer here.

If you actually invested Fish4money, then how about you make an effort at a constructive contribution and perhaps your fishing may get you a net profit.

Great post Gibbymagic, on AIM have to take rough with the smooth. Is not to say that PREM/ GR are not at fault. They made too many mistakes and should’ve listened much earlier to holders when we had issues with continued purchases/ dilution. However, the effort to turn this around is genuine and so too is progress, even if slow, regardless of what some continue to say

1. RHA

RHA is moving, this is real. A) Electrification an absolute necessity in making RHA viable. Some folks have decided completely to not give this issue any credit. But running a mine nad plant on generator? B) Thing currency is a red herring. Doesn’t matter what currency, its simple purpose is to get RHA moving. And that is happening.

Remembering Zim government have to fund RHA to production.

2. Circum

Last Circum update was a genuine sign of progress. Our recent update from PREM/ GR regarding proceeds from possible liquidity event is a major position statement now out there in an RNS. Provided the likely proceeds on a liquidity event are greater than the book value/ what we paid, then liquidity event to go ahead and shareholders will get to vote on what happens to it (following liabilities and debts being settled).

Did an earlier calculation of monies being distributed based on 15billion shares in issue. However, by the time of the liquidity event, we may have 12billion shares in issue and (based on a valuation of $3 per Circum share i.e. $15million as proceeds of event) potentially anything between 0.08p and 0.10p per share as a dividend. This is between 2 x and 3 x the current SP. But to benefit, folks will need to hold by a/ the specified date. Folks can buy cheap shares at 0.04p and then scarper at 0.10p if they wish. Those holding for the Circum event will make a monster return – bagged via SP gains and then a dividend several times the value of the current SP. Will be pushing for a dividend.

3. Zulu

Zulu EPO is close. Zulu is one of 40 off applications undergoing review. This review had to with local objections. At February time earlier this year, all EPO applications were rejected owing to these objections. In most cases, and certainly in ours, objections came from local small scale, artisanal miners. We could imagine these such groups could never hope to develop the kinds of areas PREM is pushing for and so we would be right in thinking there is no reasonable chance of success for those objections. News is very close!

If Zulu EPO is granted, and am reasonably confident, then this becomes the game changer. There will be significant plans for Zulu.

In total, we have,

- RHA Moving again, paid for by Zim Government
- Near term news on Zulu EPO (and, if successful, very significant plans)
- Circum liquidity event and potential special dividend

All this for a market of £3million. As Gibby’s saying, however we look at it, right now is a massive opportunity.

Current situation based on what many trusted posters have suggested

- if no activity on DoS evidence petition, then likely resolved (FRR likely withholding info unless they had to and ultimately knowing they would asked/ forced to comply?)

- if DoS settled, then transfer of asset doesn't batter

- leaving us with arbitration...

- but if we are now producing and flying and have partnerships and/ or funding place, then we should stand a fairly good chance we will present a very strong case in our favour within the arbitration process

- NDAs may well have done FRR no favours at times by withholding valuable detail about progress (if GG position is that we haven't been living up to our end of the bargain).

We need to remember arbitration long time in progress and hadn't just popped up. Indeed, was leaked news of arbitration that really fuelled the attack on FRR.

With GG, got to get that detail out and get the political machine moving.

Things may seem a never ending cycle of peaks and troughs but is very possible we'll come out if this still with Block 12 and just about live and kicking

Not sure the arbitration thing has got any worse, more that it was always going to be complicated and would need to find a 'natural' conclusion (we just never knew how complicated and that stress for us is compounded by Hope case(s).)

As a few have said, with so much happening, FRR are unlikely to come back to us with comms until pretty much all of it is sorted (though the main thing is to get Block 12 safe from Hope abs GG)

Finally, does seem there is significant political - and perhaps even corporate) support - FRR are able to draw upon, otherwise going after Dolphin would be ludicrous. But the strength of our position really can't be properly deduced by us. Only the FRR team itself can know this to any reasonable degree.

Best that we keep focus on the bits that matter and be mindful of the noise, in my opinion. By now stating the obvious, but is all about Block 12.

FRR is like David fighting blooming eight Goliaths. Either bravery of the highest order or foolishness on a grand scale. For now, I'll go with the former :-)

FRReal!

Great day today folks, and this is just the beginning. Jitters over Indonesia are signficant but mask wider issues and opportunities over supply and demand over the coming years. With many industry analysts describing 2020 as the year things seriously take off, not too hard to imagine how for many Nickel players and consumers things needs to be mobilised now in readiness for market shifts and needs - otherwise potentially sacrifice market share.

Chippy, you a chronic whiny malcontent.

You complain about lack of electricity at RHA and cost of diesel generated lecky at site. So they sort the electrification. Not a word from you

You complain that until released in an RNS, mention of redistribution of Cirucm liquidity funds means nothing. They release RNS and you still complaining.

Must be fun in your house.

Now news digested, buying picking up. Current levels completely out of kilter with fundamentals and news. Tick up due!

Actually the dividend will be greater than the current SP/Market cap - I would say that's oretty signficant. Even at 12billion shares, is possible we could get back upwards of 0.1p oer share - that's 3 x current SP.

That's very signficant to me.

Serious buys going through. Dividend potentially equivalent to 0.1p while we sit at 0.03p (dividend 3 x current SP) . Often is said, follow the money.

Suspect most holders will vote for the dividend. That's approx. 0.1p per share whole the current SP sits at 0.035p.

Zulu EPO news due too. Am of the view key obstacles now dealt with.

Good luck to all the genuine folks!

Make no mistake, this is excellent news. I wasn't expecting this note just yet but we got it.

The update signals that PREM believe/know that CIRCUM has been making genuine progress, the liquidity event we been waiting happening.

With RHA being funded to production by Zimbabwean Gov, libailities remain limited. If shareholders vote for redistribution of funds to shareholders, could be close to 0.1p per share - almost 3 x current SP, this before we start thinking about Zulu EPO and possible signficant partenrships there and RHA moving again.

Have added.

Some people talking tosh here. This is great news! It signals they know that PREM know CIRCUM is coming in and we have chance to vote on what happens to proceeds

Just checked in to see if anything new ---- wasn't expecting to find this thread; and to be frank, glad I got here late in the day and not during the midst of it being worked our by the regulars, otheriwse would have been momentarily excruciating,

Good to see you back Turkish, wondered where you'd got to :-)