Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
In these uncertain economic times, I look upon my holding in PREM as store of value. The fact that South Africa is a member of this BRICS movement bodes well for Zimbabwe, if only for the fact of its abundance of gold, silver, and other commodities such as its agricultural wealth. With a functioning government Zimbabwe will no longer be the poor relation of Southern Africa and American sanctions will mean nothing because dollar hegemony will be a thing of the past. I shall leave my money with George until the world decides what kind of currency is going to replace the dollar.
GLA
There is no shortage of lithium the big problem is that there are not enough refineries. the next problem is, that China controls most of the refining capacity. EV manufacture's outside of China are having difficulties in locating enough supplies to scale up their production, hence Tesla's plans to build a refinery in the US. My thought is that prem should consider building one at the Zulu site, this would also be a great help in the logistics of the shipping process.
Just my opinion. GLA
With its diverse brood of shareholders, the rampers and the de-rampers, don’t you just love them all. If I didn’t have a million or so of their confetti/shares hanging around my portfolio, I’d feel as if I had lost an old rogue of a friend. I’m so glad I watched George’s show, I didn’t realise I had forgotten some of the words, however, there they were, RHA, CIRCUM, and all the good times we were going to have. Except for the fact that George looked a bit dishevelled and, dare I say it, even more shifty, it was same old same old. Jam tomorrow my mates, and see you at the next placing.
GLA
Oh bugger!! another escapee Hydrogen worshipper from Utube, wishing all of us well, whilst he prays for the downfall of Lithium. I wonder if ACKER can tell me when the paid trolls will start to put in an appearance, at least some of their tripe makes decent reading.
GLA
Comunists are not capitalists, but, they are well stocked with brown envelopes. They will get our lithium for a song. I have held for 4 years, and I will hold to the bitter end. If you can't afford to lose it, don't choose it.
GLA
I will ask the question. What incentive do the Chinese have to drive this stock? my thought is that they have achieved a massive objective of getting a "Trojen Horse" onto the BOD. Another trend I have noticed, is that there are quite a few more board members doubting the veracity of some of the statements made by our inveterate ramper the SNOW king. I wonder why?
With the amount of Lithium product in both the old Zulu and the extended Zulu that is on the surface, might there not be a case to implement strip mining. The construction plant for this could then easily be repurposed to construct a pit head. Also IMO, there is a case to start building a refining plant, thereby increasing the value of the material shipped. Just a thought.
GLA
The Chinese have come in at the behest of the Zim government, they think George needs a stick of dynamite up his rear end to get this thing moving. Zulu does not need any more proving up, any Miner worth their salt would be working on the infrastructure for a mine. Can anyone tell me what will happen when the EPO runs out? do we get to keep the extended Zulu or does it revert back?
Given our latest benefactor's interest in EVs and the batteries therein, how big a leap is it to say that they will no doubt be pleased with our holdings in Namibia. Phosphate I believe, is another recent addition to battery chemistry. Just a thought.
ProfitBags,
Thank you for a most thoughtful and incisive post on the recent RNS. My question is; why would our new Chinese investor be interested in enhancing PREM's share price? As an interested follower of international politics, I am constantly reminded of China's desire to be a world leader in electric vehicles, even to them giving free rein to, and allowing an American company to show them how to become world leaders in the manufacturing and production of electric vehicles. At the moment, there is an insane demand for all things Lithium. Therefore, in my own humble opinion, I would wish to know, what the full extent of Chinese holdings in PREM's shares are, and, how many more can be accumulated at these ridiculous prices? Also, how many of these 'private shareholders', are state party officials.
I am not in any way, what you might call a 'Professional Investor', and nor am I a 'Conspiracy Theorist' I haven't a clue how many shares/votes you would need to hold, to influence a company to act in a manner that suits whatever agenda your country's investment in PREM may have. Zimbabwe needs money, the Chinese are consummate political and financial professional experts, put all three together and you have, to my mind, an interesting trilogy.
The big question on everyone's mind at the moment is the switch to a global digital currency, and when it's likely to happen. To this end, Prem is an opportunity to acquire a world-class store of value at a ridiculously low price. At the moment, Prem is a traders' playground, with the current volatility stemming from the frequent reporting of drilling progress and the odd hint of a JV thrown in for good measure. As soon as there is international agreement as to what form of reserve currency is acceptable, Prem and Circum will become world-class assets.
Just my opinion, of course.
I can think of three holders who would likely kibosh any takeover, James Goozee, Dattles & George Roach. They would no doubt be able to muster up enough followers to cause problems for a would-be predator. My own opinion is that the suppression of this stock is starting to ease, and it will edge its way up to around 0.0065 70.