Fundamentals the same4 Mar 2022 09:35
Good morning all, although it’s been painful watching the share price decline from the highs a couple of weeks ago, one must consider that the fundamentals have not changed at all.
In fact with the war in Ukraine, they have got stronger. More countries will be looking to cut there reliance on Russian oil and gas and speed up the process of green energy cars and battery storage.
Lithium prices keep on rising and will be in demand for years to come.
Prem is in the perfect place at the right time.
At the moment we do not know for sure how we will proceed with Zulu and the EPO area, will we have funds to complete the dfs and build a mine, will we joint venture with a large company or will we be bought out at a very large premium to the current share price.
The uncertainty is what is causing the fluctuations in the share price, the market hates uncertainty.
What we do know is that we have a huge world class resource with very good grades, and one which is getting bigger week after week. This will definitely lead to a resource upgrade.
We have 6 drills turning and loads of results to come from the back log at the labs.
We have numerous interested parties which may well be growing as we speak.
I feel that gr is biding his time to get more results and the resource upgrade before committing to any deal, we will then be in a stronger position to negotiate.
Zulu and the Epo area with all the Lithium it holds will be very much in demand.
Having held Prem for years, along with all the past disappointments and failures, I know that at long last we have a fantastic asset that will certainly come good for all those that have a bit more patience.
Yes, I will be buying more, and if you want to call me a ramper, then go ahead.
Or I could be a large investor, who truly believes that Prem has a world class Lithium asset, who believes in the fundamentals that will make all the current shareholders a very healthy gain in their investment.
Certain people on this board obviously have there own agenda, we also have very good posters who share genuine information. All I would say it do your own research, have a bit of patience and look at the fundamentals.
Good luck to all, we are approaching a big turning point in Premier and one which I hope will put a big smile on all Prems investors faces over the next few months.
I am looking forward to an exciting few months and a far higher share price.
Good luck all.
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