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Moving higher each day and strong volume continues. Think we'll churn through this early next week and see a considerable rise.
Took some more.
"with a regular flow of 1000 tpd even at 1.4 grams average, at 90% is 1200 oz per month"
Awesome. Q4 results are going to be great. Q1 and Q2 get the feeling we'll be seeing some exceptional productions figures here given how quickly they've hit 1000tpd.
Not long to go.
30mil shares in issue and decent volumes past few days. Any sellers down here will be cleared very soon and this then moves quickly. 11mil mcap and once the results our out I can see a few bags this year as it progresses.
I share your frustrations as a holder and was hoping we'd have risen as we should have by now of course. The Arcadia sale increased my confidence here massively and so I added to my holding here in December because I believe from my own research that we'll fetch a similar or higher valuation soon. How soon I can't say of course, but I think that trajectory will kick in this year, starting this quarter.
Looking at the RNS's released during 2021, I can see approx 12 RNS's focusing on Zulu vs 1 for RHA for example. S most of the resources and company focus is going towards Zulu + EPO. It' also normal for a company to give a status update for other projects too and so yes, we might get one or two developments regarding RHA this year as well.
I have written to PREM via email recently to share suggestions on how to better communicate developments at Zulu and the EPO and how if those are the primary focus, then the share price will likely see a stronger and sustained uplift. That will do more than losing your heads on this board.
George will know Zulu is the real money maker for his own pockets, as well as ours, so I remain confident he will get the funding we need very soon.
Agree with those that say we should stop looking backwards and look at what we have now. We know we have an asset in Zulu that is likely to be comparable to and possibly exceed Arcadia's $422mil valued asset, which has been sold in Zimbabwe. We know 14 groups at present have approached PREM to invest or acquire this asset. We also know that with the EPO, we are likely to be sitting on something significant given it's proximity to Zulu.
We'd be further on the way to realising this value if Covid hadn't caused issues at the labs in December. However, if the assays had landed then many wouldn't be able to get in on the cheap at this level right now.
For those that have a grievance with management, rather than take pot shots at those who share a positive sentiment here, it would be much more constructive to write to the company. Details on the website. :)
https://www.premierafricanminerals.com/contact-us
This news is now being digested in several large Telegram groups.
https://total-market-solutions.com/2022/01/firering-strategic-minerals-january-2022/
I can see 20p+ by the end of this month. People know there are serious multi-bags to be made from lithium shares with a proven management team. Lithium price only going up and thousands more are going to sniff this out very soon.
No lithium plays around as cheap as this and with a strong management team that has experience in the region.
On top of that, results are due Q1 which will give us some significant and positive early indications regarding the lithium project.
Many are waking up to this now like BHL.
Ridiculously cheap, but won't be for much longer.
Question: do we think it's likely we'll only see one processing operation plant for both Nyakafuru and Simba? Considering the close proximity they are to each other?
Not sure if this has been commented on yet.
Yes, 2-3mil USD required for the remainder of the DFS and with Arcadia going for 422mil, I can envision 5-10mil offers for a small slice of Zulu at present.
Would give us what we need for RHA and to crack open the EPO zone more aggresively this year. With 14 parties sniffing, I think we are going to get a good deal very soon.
Post resource upgrade and DFS completion this year, Zulu's value should rocket and we have the maiden exploration and early indiciations to give us confidence that this will be the case.
The real icing on the cake would be some early indiciations of whats in the ground in the EPO zone and its good to see the drilling via that RNS today.
Perhaps a more detailed RNS regarding the EPO drilling plan would help lift the share price ahead of the bigger and more imminent news.
https://twitter.com/Premafrimin/status/1483766701216968708?t=r1Skf8KU-Qk-RGOIRDl1gQ&s=19