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Well, I woke up......smelled the coffee and it smelt good !
Great buying op now as product is finally on the market with brand leaders.
ACKER, bang on the button with those projections. I’ve got RHA down for late march producing first shipments to Noble or whoever has best offtake prices. Circum - well, anytime so just a bonus whenever it happens but I haven’t banked on it. Zulu is definitely 18 months to get to DFS.
SP will spike then retrace as usual so profit banking is a must if you want to invest long term.
Thanks ACKER for bringing this one back for new holders to mull over, when this was proposed a while back I thought it was by far the best solution for RHA and got quite excited of the prospect of a partner such as KME. The Newco prospect was also comforting going forward and I am pretty sure many LTH had the same view.
Acker, entirely agree - George did make that comment and we all assumed it would be producing before year end but with the electric still not completed we can’t really start the 100 day clock.
Just trying to keep it balanced, glass half full and all that.
RHA is scheduled to be in full production within 100 days following electrification works being completed. The contractors are on performance related payments tied to output. If we go live end of November as latest updates then we are looking at end of Feb beginning of March latest.
All this can be found in previous RNS releases.
Please research.
IQ, I don’t mind sharing - my target price is £200m MCAP. Now, that’s based on shares in issue today so I would adjust along the way.
Timeframes ? Looking at about 4 years in total for all this to come together and Zulu production steady.
Garden, many thanks for this - it was badly needed amongst all the recent hype. All investors new and old in PREM will be very glad of your factual post today either to hold or buy - myself included. Many will sell on the way as the rises so far and what’s to come will be multiples of many who invest and the profit will be hard not to touch. Some will let it double and pull the capital, others slice a set amount and some will sell and buy back on the dips which will be many times as it retraces. I myself will just leave it be as I have a target price and it’s years away yet not months. One thing is for sure, the situation in Zimbabwe is changing for the better as far as mining is concerned and there are many investment opportunities to be had - PREM is in a very good position to take advantage of this and I truly believe it’s like a new start, forget the past and look at the future.
GLA.
George has openly conveyed his wishes for shareholders to vote on what happens with the money from Circum. It’s worth double our current MCAP , there’s your reason to buy in now if your looking for security.
https://twitter.com/napom2021/status/1179018455799992321?s=21
Seems to me £5 million MCAP at the moment is a gift to buy in at. Regardless of the amount of shares in issue take a look at the Fundamentals- our last accounts have all our assets impaired as RHA was in care and maintenance. The only value we had was the Circum shares, now we are about to get sign off on the Zulu EPO and RHA is soon to be back in production those impairments will be lifted by the auditor and we should show a healthy re-rate.
Anybody hazard a guess at our MCAP when that happens £30 million ? More , less
It looks like the Government are already a step ahead with getting power to Zulu which is critical for operations going forward. From this it appears there really is a master plan in place once the EPO is signed off, Zim Government are keen to get the lithium kickstarted and infrastructure will be a priority, very attractive to a JV partner,.
“Recently, Premier announced that it was waiting for the country’s power utility, Zesa, to connect its RHA Tungsten Mine to the national grid to enable production to get underway within the next four months. Site work at Zulu project near Insiza in Matabeleland South has also started with the construction of a suitable substation for electrification of the mine.”
Definitely the last of the placing shares, too big for a buy and an odd amount. Looks like they decided to dump the last in one hit as the buying pressure is so big it just ate it up and spat it out. There is a healthy demand for shares at the moment as PREM is at a turning point in becoming both a producing tungsten mine ( funded by Zim) and a very large Lithium deposit with a 100% owned soon to be confirmed extensive EPO. Let’s not forget the very strong possibility of a special Divi for Circum on its liquidity event. You have to be in it to win it .........
It has been mentioned previously that PREM were in active discussions with several parties waiting for the EPO to be signed off. Finance for Zulu is not an issue more of a case for “who”.
Batteries, Batteries and more Batteries .........