Member Info for M_Night

Like the DFS funding anticipation, too much going on both at a company level and in the market for this to be a P&D. A funded plant that's fastracked and gets Zulu into production sooner than many expect is the goal here and explains the 24/7 drilling and explains the 6 rigs. It's on the record in the last interview.

All the heads, including Suzhou were on site April/May and we can see in May they've been quickly prepping Zulu for production. https://twitter.com/Premafrimin/status/1534090055723143168

Then there's also the RUS, DFS and EPO for big news soon (Circum too), so those that sell now will likely be caught out imo by one good RNS that see's this hit a new 5 year SP high, which is over 0.75p.

Wonder if the RNS has been logged yet.

Morning all. Plenty more than pilot mine news due as we all know. Combination of it will see this over 1p quite quickly and sooner than many may expect.

Just like yesterday, any dip will be eaten up in anticipation this week. So a good strategy is to buy and hold long, whilst down here.

0.4p Suzhou's investment.
0.54p year share price high on DFS funding.

Can see it rising 100-200% from 0.5p to 1p+ on pilot plant, RUS, EPO results and DFS news. If it comes close together then it will be a sudden rise, otherwise gradual re-rate.

Not long to go now.

I see thanks, am trying to gauge value here vs PREM, which has a total valuation of $90mil, vs about $350mil here, as well as a DFS close to completion at Zulu Lithium and resource upgrades due. Seems like it may be entering initial production in H1 2023 and awaiting confirmation in the next few RNS's. Should fetch a valuation around ALL level and higher if that's the case.

Out of curiosity, when is ALL expected to be in production?

Chinese electric vehicle giant BYD (OTC: BYDDY) is reportedly in talks to buy six lithium mines in Africa, Reuters reported on Tuesday.

https://www.nasdaq.com/articles/electric-vehicle-giant-byd-in-talks-to-buy-lithium-mines-in-africa-per-reports

Chinese Mining Billionaire To Invest $300 Million In Zimbabwe Lithium Project - this is on top of the $422million they paid for the project.

https://www.forbes.com/sites/gloriaharaito/2022/05/30/chinese-mining-billionaire-to-invest-300-million-in-zimbabwe-lithium-project/?sh=12d58d693dd1

The battle for lithium: A Chinese mine just sold for 596 times the opening price ($300mil for a 50% stake)

https://supchina.com/2022/05/23/the-battle-for-lithium-a-chinese-mine-just-sold-for-596-times-the-opening-price/

If BYD is looking to snap up at least 6 mines in Africa, then do we think all the competitor companies in China are going to sit back and do nothing, or will they also lookto do the same and secure their own supply ? I think most of us would reasonably agree it'd be the latter.

All this is occuring behind the scenes, whilst PREM progresses with the DFS, RUS, EPO and now possibly a "large scale pilot plant" and has a vested interest from a large Chinese major which has it's own rapid expansion plans and would love to see Zulu 'in production as quickly as possible'.

Micro-level company news has the potential to re-rate the SP to 1p+ and then 2p+, a fairer market cap akin to Atlantic Lithium as one example. Combine the macro factors on top of that, all of the above and the lithium price and I think the SP will soon be well over 0.6p and reach a new high.

The big buyouts and bidding wars with valuations of hundreds of millions and up to billions of pounds; the global acquisition spree for early stage projects that are much further away from production; the billions of dollars of investment we're seeing from China alone; the increased focus on Africa and majors looking to snap up the mines; Tesla/Elon Musk desperate for what we have; securing a partner that is part of Tesla's supply; the record rising prices of lithium & spodumene; the vast amounts of industry analysis that predicts the demand will only increase year on year to 2030 and beyond; the switch to EVs still in its infancy and is now starting to blow up....

All that is occuring whilst PREM is on the eve of finally unlocking Zulu through the DFS, RUS and a large scale plant and alongside that working on the EPO.

PREM won't be valued for under $100mil for much longer this year and should be joining Atlantic Lithium around the $300-400mil region with just a couple of RNS events. Once in production or sold, it most definitely won't be valued under $500mil....

A 54% stake that sold for $300mil in that bidding war.

Very much looking forward to the first buyout offer here soon.

A very attractive prospect with a massive resource, DFS, large pilot plant in production and in a jurisdiction and government in place facilitating and encouraging foreign investment from Chinese companies.

Yes, which is why I expect the first buyout offer to come in Q3 which starts next month. At that point we'll have an upgraded resource with higher confidence and DFS all but satisfied, maybe 100% complete. Prospective buyers will get an early look in these.

A bidding war between a few Chinese majors would be ideal, like this.

One Mine Auction Draws 3,448 Bids Amid Scramble For Lithium
https://www.bloomberg.com/news/articles/2022-05-23/how-hot-is-lithium-now-a-chinese-mine-auction-draws-3-448-bids

The battle for lithium: A Chinese mine just sold for 596 times the opening price
https://supchina.com/2022/05/23/the-battle-for-lithium-a-chinese-mine-just-sold-for-596-times-the-opening-price/

Suzhou will pay handsomely too:
"AVZ is already set to sell a 24% stake in the project to Chinese battery maker SUZHOU CATH Energy Technologies at the end of this month for a $240 million investment. That’s about five times the value per share in the Cominiere-Jin Cheng agreement."
https://www.mining.com/web/chinese-australian-investors-battle-for-largest-lithium-deposit/

Gangfeng too are typically aggressive and many suspected they were one of the 13 parties looking to invest earlier in the year. Expecting $400-500mil first offer, which will be refused no doubt.

Ways a "large scale pilot plant" could be funded.

1. Finance, aka Suzhou or other prospective partner lending the money which will be repaid over time once in production
2. Full funding for the other 50% offtake
3. Minority slice of Zulu, lets say 5-10% depending on how much cash PREM fronts up

Some hints in the stockbox that strongly suggests it will be something akin to number 1. https://youtu.be/0y3nYLMCnWM?t=4358

Fav quote: "advance Zulu to a point where there is production, as quickly as is possible"

A good summary and yes the facts are we're likely very close to satisfying the DFS trill target of 20,000m maybe even this month with the 24 hour operation. George went on the record again in April to say most components of the DFS have already been satisfied and so by the end of Q2, this month in fact we'll be close. Then Q3 is just weeks away from now...

The resource upgrade statement is in the final stages, now 6 months in and I'm sure it'll be a good signal for institutions to invest, buyout offers to come in and further partners for the other 50%. 13-14 companies wanted a slice of PREM in December and more will want a slice with a DFS demonstrating the massive value, higher confidence and bigger resource and with the discoveries in the EPO coming in. They'll now have to pay more than they would have 6 months ago (0.4p and £12mil for just 50% offtake) with all those advancements, that's a given now. With Suzhou's backing now at a premium, we're in a sweetspot to take the SP towards 1p. Should be instant re-rate with just the announcement of funding and fast tracking of a pilot plant. 2-3p once producing through pilot in 2023. Without a pilot, the DFS, RUS and EPO will also get this to 1p and over this year.

Bring on the long anticipated Zulu RNS.

RNS for Zulu will be the next one. Perhaps not today, given markets close until Monday after today. But can envision it landing next week.

Can see great returns coming shortly from current SP and a new year high above 0.5p and somewhere above 0.6p.

Over 500 killed in Mali clashes as military junta loses grip
https://www.reuters.com/world/africa/over-500-killed-mali-clashes-military-junta-loses-grip-2022-05-30/

‘The Killings Didn’t Stop.’ In Mali, a Massacre With a Russian Footprint.
https://www.nytimes.com/2022/05/31/world/africa/mali-massacre-investigation.html

Islamic State group ‘trying to control’ Mali-Niger border with series of attacks
https://www.france24.com/en/africa/20220524-islamic-state-group-trying-to-control-mali-niger-border-with-series-of-attacks

UN report links Mali army to rise in rights abuses
https://www.aljazeera.com/news/2022/5/30/un-report-links-mali-army-to-rise-in-rights-abuses

With inflation spiralling, interest rates rising, the food crisis and war in Europe and now war in Mali, it's good to put your money more stable jurisdictions.

nookie RE: Predictions today31 May 2022 07:58
"This is undervalued anyway so this could go either way today. Won’t be spooked as I’ve seen companies go up a further 50-100% on these types of rns".

hmmm...

Good take ACKER. This is the game on AIM. It's painful at times, but the rewards are also spectacular.

CEO and Directors know where Suzhou will take this and know this can be sold for something far north of the present value, so they've lined themselves with some shares before Zulu is either fastracked into production next year, or before it's sold. They know what's coming as every week we're seeing the massive valuations being thrown around in this space.

They do deserve some credit for lifting this from 0.05p up to as high as 0.50p, with fairly minimal dilution recently and in that time delivering the EPO, commencing the DFS at Zulu and securing a hefty amount of funds for it whilst retaining 100% with a major backer on board. Now we're seemingly talking about production as early as Q1/Q2 next year which would give us a SP multiples of what it is now.

It doesn't seem like most of these options will be exercised until 2023 and 2024 and by that time I think we'd all say the SP will be well north of 2p.

Time to move on from this, glad it's out the way and time for the board to deliver some news to move the SP well above this range.

We're close to news that can re rate the share prices to a new high for the year. Great opportunity in this dip that many are taking advantage of now.

Options spread from point of DFS completion til the end 2024, so over 2 yyears, when Zulu will be well advanced and in production. SP in the 3-5p range at that point. So doubt we'll feel it too much given they'll be flipped over a period of years, rather than a traditional dilution that impacts the SP in that instant.

Must have issued this now as he expects the SP north of 0.5p quite soon and it's also good to clear what is typically considered a negative announcement now, before the Zulu Lithium news is dropped.

A sly move, but also very common in this game, so I'll take advantage of this dip and buy.

Current SP 0.35p.

0.4p Suzhou's premium subscription for £12mil funding. Approx 15% gain from current SP.

0.54p year share price high for DFS funding. Approx 50% gain from current SP.

1p target which could be met either or with a combination of pilot plant news, DFS completion, RUS, EPO news. Approx 200% gain from current SP.

2-3p sp estimates once pilot plant is in production. Approx 500-750% gain from current SP.

3-5p once production is scaled up. Approx 750-1300% gain from current SP.

*Other factors that can increase company value in the near-term: Scale of EPO finds, Circum share sale, Buyout offers, additional offtake for remaining 50%, Advancement of Li3 lithium claims with JV partner and more.

Going to be a monster re rate....

0.4p Suzhou's premium subscription...

0.54p year share price high...

1p initial target on RNS.

2p target in run up to production, DFS completition, RUS and EPO finds.

3-5p once producing and scaling up.

GLA

0.4p base may establish before news lands