Member Info for M_Night

Steward, speculation George is about to deliver on what was mentioned in the December RNS.

"I have made reference to a number of ongoing negotiations intended to secure funding for the balance of the DFS underway at Zulu, against a small disposal of a direct interest in the project and assurance of mine build and off-take finance. Due diligence is being undertaken by more than one capable potential off-take partner."

Drill results also expected early Q1, which would suggest this month.

Don't get mugged off folks.

Thanks Snowking. Slim pickings for lithium plays in London and so once we reach a deal and the resource is expanded this year, we'll see a tidal wave of new investors looking to make the most of the crazy situation around lithium.

From the December RNS.

"I have made reference to a number of ongoing negotiations intended to secure funding for the balance of the DFS underway at Zulu, against a small disposal of a direct interest in the project and assurance of mine build and off-take finance. Due diligence is being undertaken by more than one capable potential off-take partner."

-Funding is long overdue will bring confidence that we won't need to rely on placings anymore. Clearly an issue for many that are invested or interested in PREM.

-Completion of the DFS will bring about a sizeable resource upgrade from the current 20mt.

-A capable partner will really help speed this along and help realise the full potential of Zulu and the EPO.

-Assurance of a mine build would be the icing on the cake too. So then we enter Pilbara territory over time, a mcap of hundreds of millions and someday billions.

A lot to look forward to this year and many big investors seem to be excited for this quarter.

Electric cars to account for 73% of lithium demand by 2030: Chile
https://www.mining.com/electric-cars-to-account-for-73-of-lithium-demand-by-2030-chile/

Chile tensions over lithium contracts show scope of clean energy task
https://www.mining.com/web/chile-tensions-over-lithium-contracts-show-scope-of-clean-energy-task/

EV battery costs set to rise in 2022 as lithium price extends gains
https://www.mining.com/ev-battery-costs-set-to-rise-in-2022/

Thanks all. Appreciate the info.

This is also worth a read by the way: https://www.mining.com/web/goldman-bullish-on-commodities-seeing-years-long-supercycle/

Focuses on oil, but we all know what the new oil is and what's happening to the price of it.

Thanks good shout. Will set mine now.

Thanks and I slowly built it up after the recent dips.

The board seem very motivated to take this as high as they can with the revenue they're generating from production. I believe they'll hit 50,000oz and exceed it eventually, as they've stated. They have proven to be shrewd and delivered on all their promises thus far. I trust them more than any other small cap gold play available. I think many invested who have watched the various interviews have confidence in them too. They want to deliver value to shareholders.

All these other small cap miners where you are caught between placings whilst the companies spend years exploring and have nothing to show from it. Let alone the money to progress. Surviving by living of shareholder money through constant raises and speculation.

That's why GCAT is a no brainer to me as the trajectory is clear and realistic.

We started with 670k gold oz's and now have over 1.5mil oz's a few months later. The path to 3mil oz by the end of this year is perhaps even conservative with the exploration drilling and acquisitions.

Production began with approx 450oz sold in July, 500oz sold in August and 560 sold in September. Since then it has been ramped up nicely going by the RNS's and I would reasonably assume we sold about 600-700oz for October, 700-800oz for November and 800-1000oz for December. Q4 results should confirm this very soon.

I am surprised we are still down here at a sub 20mil mcap. Should be at 35-40mil mcap already and by the end of the year with 3mil + oz of gold and selling 12,000-15000oz in 2022, an mcap of 60-70mil is where I think this will. From there, the speed at which this will grow will be even more rapid and I can see us at a 100mil mcap at some point in 2023.

I have 4.5mil shares by the way at an average of 1.13p and will be holding for several years for a bit of transparency.

We can see where this is going and its amazing to know the company can keep expanding through it's own revenue streams.

Monecor are in it for a quick flip. That's their game. Small margins.

Also the RNS reflects their holding as of Weds 5th Jan and so if they did have a bit more to sell, it would have been cleared on Thurs and Fri.

Back to the fundamentals. Zulu has a potential exploration target of 120-160mil tons. https://miningzimbabwe.com/zulu-lithium-exploration-drill-rig-arrives-on-site/

That's multiple of so many giants and also not factoring the EPO (over 50x the size of Zulu...). Once news lands, which seems to be soon and the magnitude of what's in the ground become apparent, we will absolutely fly.

This may well be one of the largest resources of its kind in the world.

Regarding why the SP doesnt reflect this yet. Look at how long Pilbara also sat at a bargain bucket level.

Another share I am in, Bidstack has risen about 200% in the past month. It always had solid fundamentals and similar to PREM, it has a CEO that just takes a bit longer to get things done. However he got there in the end and now the herd has piled in big time.

George also got there in the end with the EPO and it sounds like he is about to give us some good news about Zulu too very soon by his own words.

Read the December update RNS and watch the interviews.

-drill results are coming
-high confidence the estimated resource is going to be expanded already, over the current 20mt
-at due dilligence stage with several capable partners
-talk of mine build
-EPO area drillimg exploration has commenced

There is a lot to be excited about here, on top of the amount paid for Arcadia in Zimbabwe recently. We are undervalued down here at our mcap of approx 35mil.

Many doubted Prem at this exact stage last and then transformational news landed and caught so many out. This time George has kindly stated what to expect here.

Perhaps some news will land next week. Zulu progress updates have been every 3-4 weeks and next week is about 4 weeks since he last.

Anything around the 0.1805 mark is a sell today.

Anything above is a buy.

I just read this and they haven't even tested the tech at an industrial scale. Global supply chains and manufacturing have been set up to make EV batteries from lithium. That won't be changing for a decade or two or more.

Prem is positioned perfectly with its targeted 60mil ton + resource for Zulu alone.

Some sell for 5% or 10% losses or profit down here, whilst others hold for big returns. Just like those that held for 6-10bags in March last year.

Just a matter of patience here for the bigger returns again. We know news is close on multiple fronts and that we are undervalued.

Our time will come very soon, maybe next week or maybe next month, but it will come.

Will be nice to see Zulu's resource estimate grow from 20mil to to the initial 60-80mil tonne target. 3-4x Kodal.

George has been dropping the Zulu update about every 3-4 weeks for the past few months and so we should be due one very soon.

Paid over ask.

Hopefully people didn't get mugged off selling over a dodgy tweet.

Sounds promising Snowking.

Lots of big positions built this afternoon in a hurry. Something brewing and not total guesswork either.

George himself said due dilligence was underway from both sides over a month ago. So surely along with the assay results a sizeable update is upcoming about a partner and ultimately funding from them too.

Hold on to your hats folks. Maybe for 2 days, 2 weeks or 2 months. We will get there soon.

Strange lots of messages have been deleted? Or is it just me.

Also really strong buying in the final hour. News must be close.