Member Info for Korriban

Hazbeen with that mind set no-one would have invested in PREM at the lows now sitting on a ten bagger with Chinese JV with a realistic chance of being bought out.

The key thing from the rns to take away is the traps. Onshore has acted as a kitchen for hydrocarbons & due to the different periods / movements in the earth this created fault lines which allowed hydrocarbons to migrate. It was essential that traps onshore where identified. To have 3 medium-low risk traps identified is significant & de risks upl further.

Now we know exactly what the downside is aswell as upside. Deal within 12 months we pop aggressively if not then trend may reverse & become bearish. Worth noting as per company podcast they are in talks re a deal already & proven on M3 they can do deals.

The timeline for Q1 2023 first sales i was referring too has slipped (Yes we are all aware this has slipped from 2022). Let's have some real talk. There is no point us as investors falling out on a BB regarding this we all want to make profits & whilst it is frustrating that the BOD haven't covered themselves in glory re timelines you have a simple choice to make stay or go. I'm under no illusion if they don't deliver H1 2023 what was promised there will probably be a mass exodus however if the company do deliver they are in the shop window. These difficult decisions that face us all as investors are often best done without emotion or preconceptions. The market is now rewarding good news so CGO have a limited window to produce the goods once & for all. Hopefully they do & good luck to all invested. If your ready this & not invested yes you get a great entry price providing CGO deliver first sales but nothing stopping new people keeping this on the watch list & if first sales rns lands jumping in then. Only thing that moves this now will be volume & we will only get volume when CGO start putting out the rns(s) the markets have been waiting for. Just now waiting game. Just my opinion ofcourse.

38k at 28.6p

Completely agree & a hidden gem. Infection control might not be as exciting as saying we are looking to cure a disease but much like the gold rush the ones who made money where those selling the picks & shovels (highly unattractive) back then & the ones trying to strike gold ended up largely out of pocket. This is how I view Dest pick & shovel play addressing a market worth tens if not hundreds of billions. Good luck all. Prob won't post too much on here but will hold long term

Vital one does their own research & not rely on fintwit (I do use it) or BB again (I use it). Funded to first sales as per rns but yes timelines have slipped ever so slightly on back of that rns (enough they will need to place? No I don't think so). However if first sales don't happen April or May definitely will annoy shareholders even more. But how many have researched Zimbabwe, the investment into the country, the Chinese the brics block, majors who may be looking for juniors & where. The Chinese aren't investing $2bn into Zimbabwe for nothing (they want Lithium) look at prem Zimbabwe wants to create jobs, grow the economy & financial rating / prosperity of its country (singled out lithium & coal as two key resources) to help achieve that. Tshinghan through one of its four Zimbabwe subsidiaries has to increase steel production by 4.4m tonnes per annum by 2025. So they Q is where are they getting the coal for that. Patience wins here providing Carl delivers first coal sales if he does game very much on & that in my opinion is what you are buying now. Look at Glencore's supposed bid for teks "Teck’s base metals business if the Canadian miner successfully spins out its coal assets and fends off a $23-billion takeover proposal from Glencore, according to people familiar with the discussions." https://www.miningweekly.com/article/anglo-scours-for-opportunities-to-join-copper-dealmaking-surge-2023-04-19

Does anyone know if that was a buy or a sell?

Do you have a link to this. I had a look & couldn't find anything. If they are out hopefully that is the selling done & we can push on. However one must bare I mind next week results are due. Could do with some good news give the SP a little boost.

If people don't slice today & this ends the day say 29%+ up there's a possibility (no gurantee) we see a FOMO Friday. If we break 40p resistance next target is 50p. I won't be selling or slicing any today as tomorrow could be very interesting.

If this hits Carl's targets 20-30p year end (if you are still holding) will you call it Contango Bango pmsl

Anyone buying at these levels is one lucky person. Never did I think this would trade this low. It is clear from recent tweets they are not telling us porkies & are actually gearing up for first sales which look imminent (April or May). LTH will sleep easier given recent tweets now we just need first sales the re rates & a change in strategy from an rns perspective tell us you will deliver within a year make it happen in 6-9 months the market reaction would be a lot better rather than what we have been getting aka the other way about.

Value to be had if first sales go ahead no one doubts that the issue is missed deadlines. It would have been better if the company said first sales would be H1 2023 rather than Q1 2023. Reading between the lines it would appear first sales will be start to beginning of May 2023. Now I fully get this delay, the machinery cost a lot of money, it took an age to get all parts into the country so the last thing we need is someone breaking the machinery because of a lack of training. Absolutely no one disputes this the issue is another missed deadline, people will think okay first sales April 2023, first sales don't happen April 2023 then its the old chestnut I've been spun a lie, panick kicks in & the next round of selling starts. The best thing the company can do now is start setting realistic deadlines & meet them but first sales must start H1 2023 anything beyond this & those in a 4.5p will have wished they waited a tad longer. If first sales do happen happy days back up we go. On a final note any additional work that would result in delays just be honest with your investors I'm sure they would wait a while longer so long as you're being honest with them, when you start being pathological with the truth then you annoy them to the point they just want out. That's on the BOD to correct.

45k sell today not what you want to see but end of tax year hasn't helped I agree. Its getting to the squeaky bum time I am not sure investors have the bandwidth to hold a share more than a few weeks never mind one that misses deadlines repeatedly so massively important first sales rns lands this week. If not more pain inbound I suspect but will wait & see what transpires.

I am still optimistic but there is some caution to be had. End of year stuff being done for tax year etc putting this way oversold. That in itself may present opportunities for those not invested here to make a quick trade one we are into the new tax year. For LTH different story decision time looms again do you trust the company or don't you? Personally I see thr tweets machinery on site so take the positives from that had this not been done getting into the last week of Q1 2023 I may of had a different outlook. Prepared to keep holding but I accept others will be thinking if bailing soon. Where the SP goes I have no idea but remain confident that the business will get up and running.

Bed & isa

To buy was 5p to sell was 4.5p went through at 4.9p how is that a sell?

876k buy someone is either very confident or knows something to buy that much in one go, saying that it's sub 5p & high net worth individuals tool some at the 6p placing so could be just a jammy bugger getting in sub 5p.

Be interesting to see what happens with the elections. Change in presidents could mean a change in focus. That said with homes still having power outages coal is urgently needed & that could offer a moat to contango but I do feel they will have to start production soon hopefully (Q1 2023). I think this is why we are seeing some further weakness "elections" & unfortunately nothing CGO can do about that. Sub 5p wow.

What I would say from the article & company twitter feed is that houses are not completed yet company is using machine to hoover up the coal into the back of a lorry. So in effect production has started just first sales haven't been achieved yet.