Member Info for M_Night

Plenty of buyers sniffing. 16mil between two transactions just bought.

I think we'll see a TR1 or two here soon.

Lovely large buys being reported that werent printed earlier. I think we are a few RNS's away before word gets out about this little gem.

100mil share buy after hours

I am going to guess Q4 results will total about 2000oz of gold (may be much more) for Oct-Dec. If so, that's about $3.6 mil revenue which would be very impressive for one quarter for a small cap like this, when others are in debt and relying on placings.

The (g)cat will certainly be out the bag then and many will see the incoming growth that we do this year.

He also specifically signalled it was predominately Chinese interest in yesterdays Stockbox interview.

https://www.youtube.com/watch?v=bZ27bwP0uq0&t=1s&ab_channel=StockBox

I bet Huayou are one of the interested parties now that they've bought one mine in Zimb.

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/

Don't sell for peanuts. :)

I believe $6mil was required to finish the DFS and approx $4mil has been raised for it so far. So not much more funding is needed to complete it. I'd be happy if we gave up 5% of Zulu for lets say £5mil ($7mil usd). Post Arcadia sale, such a deal should be negotiable.

That would give us reasonable legroom to finish funding the DFS, pay for further exploration of the EFO and a few other expenses too for the remainder of the year. Then post DFS and resource upgrade, we can drive a much harder bargain.

@johnnypc, as I'm not trading PREM, I am not too concerned about the daily movements, unless there's a giant swing either way for a particular reason (say 20% or more, I'll want to know why). Only concerned that Zulu progresses as it should, as that's what defines the value here.

We are expecting plenty of progress very soon, such as results from drilling, an increase in the resource estimates throughout the year, funding from a partner for a small stake, the new COO to progress the project and of course to get the DFS completed Q2-Q3.

If those boxes are ticked, which they are looking increasingly likely they all will be from now until the end of summer, then we will rise very well. Bigger money will pour in and take up the shares from traders and hold for a real return. I'd wager this is happening now because of the focus on lithium sector companies.

It's always good to clear the traders early as it allows for a great and more sustained rise down the line, which will come because all the impatience on this board doesn't change the fundamentals in the ground at Zulu and the EPO area too.

Which will end up being more lithium than Arcadia at very high grades. Hence why there are 14 parties bidding for a slice of PREM.

@Bickmaster84

Listen here to George in Nov.

https://youtu.be/3T5ugB84jc0

George doesn't believe we'll need 20,000m. "We don't have to do 20,000 metres to complete the DFS."

Continued drilling will only keep expanding the resource. :)

Thanks for the link Kenny. Fantastic appointment today.

Still can't get over 14 interested parties tho!

For those of you just joining us or perhaps on the sidelines looking in.

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/

News rich period folks.. By the end of the year, just Zulu may hold a value more than Arcadia.

Thats over 10 bags from here and not factoring everything else.

As per the Stockbox interview.

-Resource expansion incoming
-Assays incoming
-COO appointed
-In discussion with approx 14 different parties(!) for funding for a small stake
-Once DFS is completed, expects Zulu alone to match Arcadia, which sold for 442mil in Zimbabwe.

A lot more too to chomp at, but those points alone have me very excited here.

New PR person, COO appointed and next assays, DFS completion, resource expansion and of course the funding and a partner.

Everyone tweet the big boys with the news and ask them to buy us in the open market on the cheap whilst they still can.

GR interview confirmed at Stockbox.

So we know the news flow is now coming. A mention of a deal and we could easily 50%-100% in a day.

Its not up.

My thoughts too. We've actually risen despite their large disposals and so there is likely a few buyers taking them.

If the right news lands, even if it's a suggestion of a deal incoming, then this might be the last time we'll ever see the share price down here.