Member Info for fatsuperman

Several JV partners already lined up, but there were multiple options depending on the EPO being awarded or not. The fact we have it puts us firmly in 'plan A' territory. So George and team will be moving forward with that deal. Will move quickly now.

Jesus, in 14 months it'll be miles higher than this.

JV/DFS financing is coming next - another huge milestone
Then DFS kick off, followed by the new drill campaign and expanded resource announcements
DFS complete and move onto construction financing

At that point we will be on target for having the biggest known hard rock lithium resource in the world.

If I was a market maker, I'd do that yep.

Absolutely amazing to have secured such a huge area. This instantly unlocks 'Plan A' for Zulu and George can now finalise the much more lucrative JV deal / DFS funding and get that news out. Ironically, I think that the EPO being delayed by the Zim gov has massively played into our hands, as it's come at a time when Lithium is booming.

RevoltingPeasant, yes, the application area (now approved) is for and area 205km2, following the geology that the Prem team have explored. Our current license (3.5km2) sits pretty much right in the middle of it (slightly closer to the West side of the new area).

I don't think you can get in trouble for things that are in the public domain. If you subscribe to some of the gazette services, you get the official gazettes when they are released. It's kind of that simple. It takes a bit longer to appear on the free digital archive sites, understandably. And the process is such that George can't announce until he is officially told (which ironically is after the thing is gazetted!)

So, GR has to wait to announce what the world already knows. Nobody gets in trouble for that

Fair play to you Longy. I've been in this share since 2013 and I think I've seen and heard it all. There is no doubt I'm long, but this EPO changes the game for us at Zulu. Before today, there was a risk that the moment we got noticed, we'd have people popping up right next to us and competing - as you see all over the place. With the EPO, which looks nailed on now, we don't run that risk. We've secured this massive site, which we already know has the mineralisation continuing deep into it.

Look back at the timeline. We finished the scoping study and maiden resource (aka PEA) just as Lithium started to drop. The timing was really unlucky. Getting financed was almost impossible - very few lithium mines managed it, hence why we're now looking at a massive supply constraint coming up - not enough mines have been in development. So there will be a scramble to secure supply, the price of lithium is going crazy which suddenly makes exploring and investing in drill campaigns etc worthwhile. Crucially for us, it means that George can get far better options for funding the DFS and then getting us moving onto construction finance.

Getting the EPO takes us onto 'Plan A' for Zulu and PREM. It has taken WAY too long, but finally he can get this moving again.

Best of luck buddy.
Fats

I suppose that depends on what value is given to 50% of Ocado Retail, and therefore how much Ocado Solutions will make. Important consideration for them, because without the retail side, their turnover is that of a small enterprise and that might affect their capacity to invest in their platforms. Although perhaps that is less relevant for a tech company?

Do you genuinely believe that is an option? If M&S made clothing solely in the UK, they would either make no money on it, or they would price themselves out of the mainstream market. Sadly that ship has sailed long ago. They are trying to walk a fine line between quality and price - sometimes hitting the mark, other times not.

PFen, M&S has 10% of the clothing market, and makes massively more profit from that than the food business. The problem, as ever, is that they are trying to 'win' on product style, quality, price and range. When frankly, that is an impossible dream.

It is the market sentiment (and shorters) that are doing a decent amount of the damage to the SP - it's not all the management. Do we really think that the entire company is only worth £1.8bn? They can't win really. When they try to shift toward the younger demographic, they get lambasted by the media and customers for abandoning their core. When they focus on 40+, they get grief for being staid and dull.

I think they are GREAT for kidswear, lingerie, underwear, sleepwear, suits, knits, furniture and some homeware. For fashion... not so much. By contrast, every time I buy anything other than kidswear from Next, I regret it. Their product is nowhere near as good - they are just much better at managing a company and supply chain than M&S.

I went into my local store last weekend and this weekend. Both absolutely packed.

Not sure what we can take from this highly scientific survey of two individual's experiences? But I would suggest your experience in a single store isn't a great indicator of anything.

I think it's incredible how M&S are crapped on by the 'market' and commentators. They are still the nations largest clothing company, and are a great British brand. Yes, they have more work to do, and I'm confident they have the skills to do it. Perhaps the board needs a freshening up, but with the right leadership, they can do amazing things.

The scale of the challenge they have faced is underestimated. Their focus was on great quality, with fantastic innovation in material technology. But the industry shifted rapidly toward cheap crap, leaving M&S with a structure that didn't align to what consumers wanted. Customers STILL complain the quality isn't what is was, but hardly anyone is willing to pay the money to guarantee top quality. They are still trying to honour their aging customers, whilst the younger generation don't even think about going into M&S. Why would they, when you can get 4 crap tops from Primark for the price of 1 in M&S.

I went in there at the weekend, mens knitwear is still the best in the market. Shoes and coats are also really worth a look.

I genuinely think the last couple of season are getting better and better. Still need more work on fit, but improving.

Producing a vaccine at scale, delivering it to the experts that will administer it, and then to actually execute the vaccination - to 70% of the population, whilst social-distancing... we are a long way off being able to achieve that.

Vaccines have to be distributed at very low temperatures, and we don't have the global infrastructure to do that at massive scale - just like the rest of this. Most manufacturing facilities and supply chains are sized for their normal demand - not for a massive one-off global demand.

All can be addressed with time and investment - but we'll be living in this world for a while longer than people think.

M&S already provide table service for heated food. Anything chilled or ambient is self-serve anyway, so you get that when you are giving your order / paying. The rules have absolutely no affect on the M&S café.

The more significant impact, will be any further reduction in footfall, and whether it makes sense to keep hospitality open. Right now it'll be a drag on income, given it doesn't make money when it's busy. M&S will have the stats about how successful the café is at drawing customers into the stores during the pandemic.

I don't think it matters how much work Boris has. He's incapable of doing even the straightforward things in any sensible way. Absolute disaster beckons for the progress of this country, largely due to decisions we have made ourselves.

Voting for Brexit and then voting for these corrupt imbeciles.

tbf, Corbyn was unelectable, so I'm not sure what the alternative was.

Acker, the sole reason you post your endless stream of crap is to influence the share price. Whether it does or does not, is hardly of consequence. You aren't here for rational debate, so if you think it doesn't affect anything, why are you posting here so much?

You don't hold Prem, you aren't interested in the long-term growth, or possible demise of the company. You care about making a profit on a purchase. Selling, waiting for a dip and buying again.

Nothing illegal with that, and you're a damn sight smarter than me in that regard, since I've simply been here for nearly six thousand years waiting for a positive outcome. In a way I respect your approach - a very '21st-Century, look out for myself and if others get hurt, all the better' type bloke.

Snow, Acker is very open in the respect he says he uses PREM to trade. And anyone trying to make money trading would have to look at PREM very positively - it's highly liquid and it swings quite a bit.

The thing that is disingenuous, although not illegal, is bashing the life out of it, then going quiet, or turning positive after he's bought. All the criticism of the company and the prospects are irrelevant, he just says crap to try and get his price.

To be fair Craig, you absolutely cannot understand all risks before you start a project. There will always be things that are unexpected during the course of any delivery.

I'm not suggesting that Prem have a strong methodology for dealing with unanticipated risks of course!

Some interesting comments here. I wouldn't be quite as quick to draft the obituary, there are some very talented people at Marks, and whilst it's clear they've been declining for years, in a way that is inevitable when you are the market leader for so long. You are right to call out the shift in retail and MKS have not been quick enough to realign themselves. They need to address this, but it's always going to be more difficult for a firm with a large store base and weight of legacy systems and processes than a new entrant.

They've also had to content with drastically different shopping habits from the nation's younger crowd. What sub-40 year old wants to go and buy one top in M&S when they can get 4 or 5 in Primark, or several in H&M etc. M&S are trying to compete on pricing with competitors that have a much cheaper cost base. Difficult position to be in.

It’s so tedious popping on here to see the same tired old debate. Yes, there has definitely been a lot of over optimistic LTH posts. There are also clearly people ramping - I suspect some are then logging on to other accounts a few days later and de ramping.

But the most tedious are those people that have held for years and years, yet hate the CEO and don’t trust him as far as they could throw him, but despite all this, they are staying in to try and recoup their costs. Remarkably honesty from these people ****ging odd the company whilst waiting for the rise that lets them out. And lo and behold, despite holding for years, they’ve never been heard of before.

You endless derampers and flippers don’t have an honest bone in your body. I know you don’t care what others think, so I’m just shouting into the wind, but by god you are boring twats