Member Info for Jungmana

We've churn through a good chunk of the shares being sold by the broker from the recent placing.

They had about 6 billion to sell starting from yesterday.

*that's what he knows

Market cap reached GBP 200 million some 2 years back when Zulu commenced production. Market cap today GBP 9 million and someone who knows what he is doing has been brought in. Have always said GR should stick to exploration only as tests what he knows.Even with any further dilution prem can give you huge returns from this level . Zulu is a significant global Lithium deposit which will be back in production one way or another.

Definitely an excellent appointment by the looks.

Someone with vast experience who has delivered similar projects to successful production.

Possibly Glencore had a hand in picking him .

As of yesterday am back in with exactly 100 million shares gamble bought over last few sessions.

I think is well worth the risk.

Imo could easily be 500% up in a few weeks.

GLA

Farm out agreement, TRP will be getting about $4.5 million in cash and $15 million capital secured for drilling NJOM-3.

Cameroon, Namibia and South Africa all for £ 9 million market cap right now

Imo £30 million market cap ( 0.1p share price) is reasonable once the farm out is approved. This is a huge low risk drill .

https://africaoilgasreport.com/2025/06/oil-patch-sub-sahara/cameroons-thali-oil-block-drilling-delay-to-end-in-10th-year/

Based on Cameroon alone TRP should be minimum GBP 20 million market cap (0.07p) on the farm out. Not to mention the huge Namibia and South Africa acreages.

Https://envoi.co.uk/projects/active-projects/africa/cameroon/

TRP

"All long-lead items have been purchased, the site survey is completed and the jack-up rig has been contracted and will mobilise in Q3 2024."

"The economics show a four well 'stand-alone' development of just the contingent Northern Njonji resource potential is commercial. This could produce 8,000 bopd, with the proximity to local infrastructure providing rapid cash flow with recovery of exploration costs under the PSC from potential annual cash flows of >$100 million and an EMV10 of US$118 million. An additional EMV10 of US$82 million is calculated for the development of the prospective Southern Njonji resource potential. Substantial 100+ MMboe potential upside remains undrilled in the Dissoni South and Idenao East analogue prospects in the Block, immediately south of Perenco's Dissoni field."

Took 20 million shares today adding to the 40 million bought back yesterday.

Got to be in it to win.

High risk, high reward,

GLA

Q4 spud I meant.

One of the best investment opportunities on the market right now.

Personally I see this at least GBP 30 million market cap which is 0.1p by spud in Q3.

The rig has also recently been awarded a contract with Addax Petroleum for operations in Cameroon, to commence in late 2025, and it is intended that the rig will drill the NJOM-3 well for Tower before beginning operations with Addax Petroleum.

Canmax investing big in Lithium projects in Africa;

https://www.metal.com/en/newscontent/103166117

Zulu is a significant global Lithium deposit that can't be ignored this is why PREM was a £200 million market cap company just 24 months ago.

Today is sitting at £ 10million market cap fully diluted on recent placing and zulu plant being further developed.. Definitely worth a good gamble for a potential multi bag

Yep a gamble and have had a few that paid off nicely.

Back in today at 0.0119p.

Good luck all

Saying that i too bought back in 40 million shares today as a gamble.

Miracles do happen on AIM.

Gla

See the AGM rns of 19th May for the full breakdown of the $10 million funding required .

70 billion shares in issue now and next will be consolidation. GR still needs approximately £6 million in funding to get Zulu properly running.

Is clear Glencore will not provide any funding but will only sign to buy the spodumene whenever Zulu can produce at the right grade.

Zulu is one of the largest lithium deposits in the world and with the right investment and leadership PREM can make investors several returns on their money..

GR has now got authority to issue up to 37 billion shares. I bet you he will use all of it.

That should nearly double the shares in issue before consolidation this year.

0.012p is my guess for the placing. Will happen soon