Member Info for Helpful

https://www.prospectresources.com.au/resource-and-reserve

https://africanminingmarket.com/prospect-resources-acquires-step-aside-lithium-mine/12764/

https://www.prospectresources.com.au/sites/default/files/asx-announcements/61085473.pdf

They have sold Arcadia, which is in the Arcturus Greenstone, for USD377.8mil.

ALR has applications in the Arcturus Greenstone near to Arcadia. Prospect has bought another lithium asset in the Arcturus Greenstone post the sale of Arcadia.

DYOR

https://twitter.com/LithiumIonBull/status/1512785831668469766?t=4003-ngFrphQkDz14vPk2A&s=19

https://www.cnbc.com/2022/04/08/elon-musk-telsa-may-have-get-into-mining-refining-lithium-directly.html

Same.

Well what do you reckon Steeley? Looking pretty good, wouldn't you say?

Seeing as you are now a member of the 1p Club, what do you reckon is required to take it to 1.5p?

You need to calm down Billy or Steeley will be coming round your house for a word.

Is there a danger that the penny is beginning to drop?

As to valuation, I can't comment really. It is down to whether Matt does what he says he will or not.

A lot of interest in the Permian Basin at the moment.

DYOR

So what do you reckon, 1p? Or not?

I would have thought you would be very happy with the price moving up to 1p ish, you being a big shareholder and all that stuff.

How about I am happy that things are going in the right direction but happier that you are discomfited: after all, you keep telling everyone, nothing ever happens.....but it seems even you think something is happening (deep down that is).

DYOR

You didn't answer the question, Steeley Old Boy...

What do reckong Steeley Old Boy?

1p this week, maybe? Maybe we will both be happy or not?

LT it is called doing some research and posting it.

I recommend it.

DYOR

Who said it was worth $350mil? Two licences are nearby and are prospective for lithium with samples already assayed.

I posted research: that someone is willing to pay decent money for lithium assets in Zimbabwe is relevant.

DYOR

More money in the pot. Goes to the next deal/drill.

The Prospect project is near Arcturus. We have a granted license to just to the NE and one in the process to the West.

"A new 125 ha application near Arcturus, a mining site 32km E of Harare in Zimbabwe has been approved for grant with a further application nearby in process"

It is called being factual.

DYOR

Steeley Old Boy!!!

0.63p paid, not far off the 52 week high. What do you reckon, a flash in the plan or do you make your money back? 9.65% up!! Even you might be smiling!!

https://en.wikipedia.org/wiki/Bikita_mine

https://blogs.lse.ac.uk/africaatlse/2022/02/18/chinese-interests-in-zimbabwes-lithium-mining-need-for-corporate-regulation-energy/

https://www.prospectresources.com.au/sites/default/files/asx-announcements/61070453.pdf

https://www.marketscreener.com/quote/stock/PROSPECT-RESOURCES-LIMITE-64307655/news/Prospect-Resources-Quarterly-Activities-and-Cashflow-Report-December-2021-37665561/

Executed binding agreements for the sale of Arcadia to Zhejiang Huayou Cobalt Co., Limited (Huayou Cobalt) for US$377.8M:
Completion of transaction is subject to Prospect shareholder approval, relevant Chinese and Zimbabwean regulatory approvals and other conditions precedent
Subsequent to the quarter end, Prospect has made progress on the conditions precedent (see update below).
Expected completion of transaction late Q1 / early Q2 2022

DYOR

https://www.prospectresources.com.au/projects/arcadia-lithium-project/location-infrastructure

https://twitter.com/RRR_RedRock/status/1509861689294000128?s=20&t=PB3VbPeLxT0a_9Y0eTcegg