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Yeah, this seems potentially like a push rather than a huge change in sentiment. It seems way too soon and a little too obvious imo. Best case scenario is a positive leak; which in itself isn't positive for those of us in the dark.
There's no need to announce a JV or funding at the start of the DFS. It can be announced at any point, preferrably not right at the end! The SP is likely to go down a bit at this point, but when funding is announced, however it actually presents, the SP will rise rapidly.
If people don't want to sit on a share for the feasibility phase then that's fair enough, it'll be cheap enough for re-entry for a while yet; but as the DFS concludes and funding is secured, the price won't stay anywhere near the low levels it's at and might get to. Obviously, all assuming it follows the general pattern of this kind of share.
As it's pure speculation, it's pretty hard to quantify. A final buyout price of somewhere between 4-8p would be great if PREM can keep the momentum going until then - it's still a big ask though, although Zulu is clearly worth far more ultimately. Obviously, it would be fantastic if they could pull this out the bag and become the next Rio Tinto, but they're a small company trading on AIM for a reason - developing resources in Africa is always going to be a tough sell to the EU or US. China simply don't care if they are exploiting Africa.
GR might maintain a small presence elsewhere with PREM's other assets, but holding Zulu is going to be an uphill task. Perhaps he might even strike it lucky twice and find another Zulu.
I'd love to be wrong and this has a fairytale ending.
China's Belt and Road policy has been pumping money into Africa. As those countries have defaulted, China/Chinese companies have gained hugely at their expense. Absolutely pure speculation, but I can see a Chinese company buying PREM out after the DFS. They have the clout, money and experience to put up the mines, electrification, transport links and infrastructure which is far beyond what PREM can do alone, or even in a JV.
This stock has been spaffed over Reddit for the last few weeks, encouraging people who think they're going to be a millionaire overnight to invest. They have no patience and don't understand the mechanics of a mining stock (i.e. the Lassonde Curve, for example).
Take anything written here, or anywhere else with a gigantic pinch of salt. Everyone wants something, the fundamentals on the company have not changed. Investing is not trading.
A lot of the nonsense here today shows that some people don't have the temperament for investing. If you can't keep your emotions in check then a different hobby might suit.
As for the people who have sold up or are telling people 'I told you so', enjoy your profits (or not) and move on. Nobody is going to give you a special badge for flogging a dead horse.
Aye, this is the starting line. The DFS (potentially ~0.5 to 0.6) and JV (again speculatively, to ~0.9) will make this move up rapidly - although there will be a number of resistance points along the way to 1p+ and likely to take longer than people might imagine - PREM's assets are well undervalued (and underdeveloped). PREM can't fund this themselves, or place for more funding, so they're stuck with a JV regardless. I'm not sure it'll be a US joint venture, despite the advisors over there; there seems to be more synergy with an EU or Chinese company imo.
I wouldn't read too much into the advisors being US based.
No party is ever going to veto the bill. Petrol will stay until the gov increase duty beyond the price for normal folk to be able to afford. Petrol cars will be a luxury 10-15 years after the ban. The risk to Li3 is alternative technologies being developed, not the continuation of ICE.