Member Info for Fellwanderer

Anyone else having the same problem ? No MMs showing

Mmmm, the last round of funding was at a premium to the one preceding, and yes GR was still at the helm then. However, GH is not GR 2.0 and I do believe that other options would be on the table, not necessarily involving dilution. We need to give GH time to prove himself; he has a good proven track record elsewhere, so we’ll all just have to wait and see.

I would like to see some sort of deal with the offtake partner, which is in both parties interests, whereby shareholder dilution is not required. Always a possibility. Let us see what transpires.

Got all excited seeing that red RNS button, only to find a second Consolidation RNS, which I’m sure didn’t tell us much more than the last RNS.

Perhaps a second RNS coming intraday 🤔

Thanks for posting Samsmith.1800 , as you say, a step in the right direction 💪

Sorry, that will be lost on anyone who has not watched The Matrix; one of my favourite films of all time and Keanu Reeves at his best (perhaps tied with his excellent acting in Point Break).

I would have taken the blue pill, for the avoidance of doubt 😁

A glitch in the Matrix ? I’m sure you just posted that Adi 😂

More buys than sells, I’ll grant you that, but tiny volume….

I would concur with that Mugwump, more or less. Though I think 10x is a lower estimate based on the resource size, IF we can go to production and all the ducks are in a row. Let’s see what transpires, more than likely this month we should know which way this is going to go. As Acker has said, October is going to be the turning point, one way or another.

A-Bomb, unless PREM know more than they’re letting on and expecting the SP to rise significantly in the shorter-term anyway 🤔 and 10:1 is just fine to keep the wolf from the door……

I’d like to be able to own up to that, but I’ve run out of liquid cash 😁

Truth is, nobody knows. Just parked my shares and forgotten about them until news of a sale/farmout. Certainly is quiet though, I guess others have done the same.

Won’t be at all surprised to see an RNS drop tomorrow, so perhaps folks holding onto their shares in anticipation of good news; we’re overdue an uplifting RNS

Can only be a good sign. I did notice a very slow start to the morning. Nobody’s having my shares !

Many thanks Pipedream. Let us all hope that this is significant, in a good way. If it is, it could start a sea change in sentiment and turn this ship around. I am hopeful.

Fell

Morning folks. Can anyone enlighten me on the talk of Equity Swaps for PREM and Glencore on the BB yesterday ? Can’t seem to see any news.

Thanks Fell

A-Bomb, where are the details of the equity swap between PREM and Glencore ? Been out all day and just been looking at the discussion threads and seen talk of an equity swap on the BB today.

Cheers Fell

GH’s comments on the Interims RNS last week:-

“ Our focus is firmly on the future, in particular the current ongoing plant optimisation at Zulu and our objective to position the Company for consistent production and growth”

“ The optimisation process is advancing and has already delivered some encouraging results, but further refinements are required, “

“ The discussions around a potential revised offtake and associated agreements as highlighted in recent announcements are also progressing and potentially provide a pathway to secure the funding and strategic partnerships needed to realise Zulu's full potential “

“ I am greatly encouraged by Zulu's fundamentals. Fundamentally, all successful mines need an adequate Resource, and Zulu hosts an excellent resource which is both a SAMREC and JORC compliant Mineral Resource Estimate, as well as important further opportunities in the surrounding area and our various claims that have now being registered within the EPO area. Zulu also benefits from excellent infrastructure, utilities, market access, and the availability of skilled expertise. These are the building blocks of a successful mine, and Zulu has them in place.

“ Zulu was initially set back by the underperformance of the original plant design and build, those challenges are now firmly understood and to a large extent, manageable. In fact, the optimisation steps undertaken over the past three months, including the installation of flotation inserts, froth crowders and flow directors have already resulted in a significant improvement in recoveries. Adjustments are being made to address spodumene grade, and we are confident that continued refinements, supported by the OEM, will bring further gains as the plant steadily moves toward its designed performance “

“ Looking ahead, the key to unlocking Zulu's full production capacity lies in the current discussions on a revised offtake agreement and securing the complementary funding package. Our constructive engagement with the major trading house referenced in previous announcements “

My comment now:-

A reminder also of the value of the Lithium resource at Zulu alone from recent estimates:-

2.2 Million tonnes of spodumene - Using a conservative estimate of $800 per tonne that’s $1.7 Billion. Enough to clear all debts and reward all for our patience. This does not come without risk, but then that’s why we all invest instead of putting our money in the bank. Higher risk, higher reward.

Fell

Lorcun, you and me both (and I suspect a whole load of other investors too). It was amazing yesterday evening to see so many negative posters, many of whom I’d not seen on the board before, following the consolidation RNS. Especially as the consolidation was expected and well documented, barring the timing.

Shame it looks like we may close in the red. Hey ho, tomorrow is another day