The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Something interesting I read earlier this morning..:
Good morning all, I was travelling back from Tunisia last night and in the minibus transfer I noticed the fella next to me looking at Lithium airplanes. Naturally I asked him about it ??, he explained to me that he is an airplane designer and they are building a battery powered airplane. They aim to be the first commercial company to bring to market. He explained that they are working with Audi to build new Lithium batteries pushing the laws of physics to really enhance the performance. He told me in 10 years current airplanes will be uneconomic to fly and the world needs Lithium.
I remember all the abuse George received when he acquired the Li3 assets.
All being well he's pretty much derisked the entire investment.. retained 50% of Zimbabwe, with the Moz assets thrown in for free!
All focus remains on Zulu, so what's not to like?
We paid US$104,000 for Zimbabwe/Mozambique claims. The June 10 2020 RNS for those claims here:
https://www.investegate.co.uk/premier-african-min--prem-/rns/acquisition-of-lithium-portfolio/202006101701045692P/
Excellent deal
https://www.mining.com/web/mr-lithium-warns-theres-not-enough-battery-metal-to-go-around/
Unless Snowking is on PEELs payroll, you do have to ask yourself why all of a sudden they flipped to bullish.
- Weakness Wednesday > was (for some unknown reason) BED/ISA day (with MMs doing their utmost to minuscule delay the two trades, making them both look like hefty sells) - lots of them, so very fishy!!
- Turnaround Thursday > we saw a few lumpy 10m buys from the off, with buys outweighing sells throughout the day
- Fiery Friday > pretty much all round excitement!! Lots and lots of buying, and when the chunky sells appears, PEEL could not contain themselves and kept on hiking up the bid price. Hungry PEEL..
We are all here (well most of us) to make money, so good luck to all. Roll on next week and we shall see if Snowking is hero or zero!