Member Info for Chuggley

If an over run was guaranteed and confirmed then George would have to announce it. So maybe he has a solution

That said this is a huge project I'm personally expecting an over run so the prospect holds no fear ... the direction of lithium value and the potential testcresults that will now be rolling in 13 more to come over the next days or couple of weeks more than makes up for that. Potential value far exceeds what was originally estimated

And why wouldn't it go down. No new. No communication why would people buy
And I've seen this before. Let a price drop so they're happy getting a firesale price.
To be honest it's criminal and negligent to treat shareholders this way after promoting the big buy tils get accustem free. Driving tils price towards £3
People always blame nda for gagging and silence but are rarely correct
Does anyone have an email address we can contact?

Sorry in answer to your first question - yes it has potential to be the biggest in the world and if not it will be ONE of the biggest and will attract the interest of some of the big boys - think they will just be watching the next few results - and that could be sooner as opposed to later. But its all assumption and opinion

Dont know of anyone that can put much meat on the bones and answer your questions - guess we are in need of a crystal ball
As to Prems relationship in Zimbabwe - its probably one area where i can say I reckon George has under control and doesnt worry me - a bigger outfit may not be able to handle the situation as well as someone with as much in country experience

Any others on Twitter may wish to re-tweet

https://twitter.com/Chuggley1/status/1448989333004996617?s=20

https://twitter.com/Chuggley1/status/1448934622964879371?s=20

My opinion is once the 15 are caught up with (I'd hope a couple of weeks for all) there would be no bottle neck
And as mentioned the tests on site are pretty accurate... 3rd party just verify. So fingers crossed we see a batch of 2 or 3 test results next week before the meeting

I think preparing samples for 3rd party is constrained by the same preparation time ?

I'm in a way pleased the test results aren't out. I asked George the question on how long they take. I paraphrase but he basically said
The tests themselves are quick. Hours. It's preparation that takes time. If only mineralisation in a small section or intersection then whole thing inc test in under a day. But if its a very large mineralisation prep takes a few days

Sounds to me like the latter

Prem isn't thousands of metres deep. And look at pilbaro to see what investors like. .....
Also check out cost to mine for prem. Its substantially cheaper and more effective

Not to be trusted!!!

Isnt the presentation to Chinese investors? So yes hope they start buying shares and push the price up
I'd like to think the presentation to Chinese just happens to be on the same date as his visit to UK doubt he's coming here for that.
Same day as the UK investors meeting. Hope we get lots of answers
Wouldn't be surprised to see a further test results rns just before either.

Then you can complain of lack of communication
Go... ask your questions ?
Come back and at least complain in an educated way

Nope. Look at the twitter. Request by email.

Is that 4 x big orders. £100k now. Shows someone understand test results

Apparently won't be live stream. But will be recorded and shared on social media. I assume twitter
Hope you and we get good answers.

https://twitter.com/Premafrimin/status/1448215562132328450?t=xlNcfeM2HMiGy2AYTPSnzQ&s=19

This can only be good... an opportunity to get every question answered. I assume you're going bickmaster?

https://twitter.com/Premafrimin/status/1448215562132328450?t=xlNcfeM2HMiGy2AYTPSnzQ&s=19

I like the way you say he can't answer but then announce your assumption as fact lol

He can't answer it if he doesn't know which to ne would suggest looking at different options to minimise any covid effects. But equally such information would be commercially sensitive and would require an RNS.

That said I'd not be surprised at a over run. This is a massive project and although we would have planned in many negatives and risks. Even a delay to commencement. I'd imagine not everything was covered. I'm a project manager so understand such things
As to cost. Yes of course its by placings .... hopefully each getting smaller as sp rises. Its self funded to retain value for us shareholders
Going into partnership and obtaining investment can cost more in terms of dilution So happy with the current direction..... with the exception of yesterday's sp drop. Ridiculous given results are better than expected.... better than industry average...... better than original scoping study.... at a time when lithium price is substantially higher that during initial estimates

This makes the of dilution and placing smaller than it could be

Now we can get on with testing the samples from the other 14 holes

By the way I too spoke with George. Tests them selves are quick. Turned round in a day.... sample preparation on the other hand takes more time. And the more mineralisation the longer. Which suggests why the testing results are taking time ... this isn't take a spoonful test and you get result

Add to all this investor meeting I'm London next week is extremely positive. I can't see him coming to an investor meeting in London not being armed with some positive information

GLA

My personal opinion was or is and yes it should be clarified
The dfs focus predominantly on the original zulu so this would become a working mine early. But he also needs to demonstrate the larger epo has similar potential so will carry out limited test drilling over that area
More extensive dfs would continue over the larger epo in parallel as mining starts on original which would be funded by income from that and partial prepaid take off agreements. I'm not discounting them funding earlier as an alternative to placings. Once a few more tests prove resource potential

I too haven't been around that long. Prem came to my attention in January
Great to get information from those more experienced nut sometimes they carry unnecessary baggage. I prefer a balance of both. But I'm also naturally optimistic and see negatives. But more positives. And positive is gaining some traction