Member Info for M_Night

On the topic of excitement, this is probably the most exciting period in the companies history, with multiple transformational developments landing within weeks and months of each other.

-Assay results incoming for Zulu drilling
-Exploration already beginning in the promising step out zones and wider EPO, which looks good to multiply the lithium in the ground several times over
-JV with funding for the remainder of the DFS, exploration and the mine build as George has stated in the recent interviews.
-Completion of the DFS, with George signalling they have already gone beyond many of the expected requirements on Nov 25th(Stockbox) and so it looks to be completed ahead of Schedule (before May)
-2022 looking to be the craziest year yet in terms of the market around lithium (pricing, demand, investment)

To top it all off, the confident big purchase of the Arcadia project in Zimbabwe just a few weeks ago for over $400mil USD.

It's quite rare and great moment when so many factors coming together at once.

Good job to all that have got in at this low entry. In a few weeks and months time, many will be paying in the 0.30s, 0.40s, 0.50s and much higher in my opinion.

A few more traders to clear and the rise will slowly continue.

Amazing blog entry. Have read through it several times over. :)

If anyone again wants another example how undervalued we are down here at 30mil. Check out Core Lithium on the ASX. https://corelithium.com.au/finniss-lithium-project

DFS only just completed in 2021. No mine built. 15 million tonne resource (less than Zulu excluding the EPO...)

Mcap = £485mil

Lithium shares are overdue a market correction with lithium in short supply and with prices and demand soaring. Along with a flurry of acquisitions recently.

BCN as we know: https://www.marketwatch.com/story/bacanora-requests-cancellation-of-london-listing-on-ganfeng-offer-271640264318

Arcadia: https://africanminingmarket.com/chinese-firm-to-acquire-arcadia-mine-for-usd-400-million/12156/

Rincon: https://www.mining.com/rio-tinto-to-buy-lithium-project-in-argentina-for-825m/

At approx 40mil mcap, DFS completed and off-take partners sniffing around, this is well worth it below placing.

Yet EV production and therefore requirement for lithium still far off the peak.

5 Chinese companies assessing Lithium opportunities in Afghanistan in November. Despite it arguably being one of the most unstable countries in the world over the past decade.

https://www.globaltimes.cn/page/202111/1239730.shtml

https://www.indiatoday.in/news-analysis/story/lithium-chinese-control-over-oil-of-the-future-1893431-2021-12-28

https://www.theaustralian.com.au/business/lithium-merger-frenzy-for-2022-as-chinese-demand-soars/news-story/004a507753e3e22db5bf5bf1617f3902

If they're willing to cut deals with the Taliban for the stuff, I'd wager they'd be very eager to cut a deal with a massively undervalued company like PREM, listed on the London Stock Exchange.

I agree the rise to 1p will be gradual over the year most likely and not sudden, but disagree that the Chinese, particuarly the lithium companies are going to stop investing in and taking over prospects. That is simply not going to happen with EV demand high and ever increasing.

All the recent investments/aquisitions within the last few months say otherwise.

BCN on the LSE, acquired.
ZNWD on the LSE, close to 9% held by the BCN buyers.
Prospect on the ASX, acquired.

I have probably missed, but recent occurences don't match your narrative.

I'd be quite happy with an initial £10mil for lets say a 10% stake of Zulu.

That would enough to cover the remainder of the DFS (approx £3mil more) , fund further exploration of the EPO area and give us enough funding to end the requirement of placings.

I would just like to see us retain as much of the asset as we can until post DFS.

Do those that bought in at 0.05p and were able to sell for 0.50p when it hit that after the EPO announcement need their head testing? Just 8-10 bags for many in the space of 2 months at the start of this year.

Look at Pilbara. These companies that aniticpate they have a substantial resource in the ground and then prove it can offer some of the best returns in the market. Especially when you can buy in at this level with transformational news due on multiple fronts.

Nice article. Production and demand for EVs is only going to ramp up considerably from here.

Nice. Still below the 15.5p placing too.

It was always going to drop once we reached this stage. DFS now about 5 months from completion, drilling results are due and will be good + the JV funding discussions in advanced stages now with George signalling the news is coming early 2022.

Many won't connect these dots until we begin breaking 0.30p again.

I'll be topping up when the market opens briefly. It's too cheap down here given the progress the company has made.

As I said back when this first broke, the market has spoken and the value of lithium projects in Zimbabwe, even without a mine built will now re-rate from the back of this news.

https://www.mining-technology.com/news/zhejiang-huayou-zimbabwean-lithium/

It definitely marks a change and shift in the prospects of PREM. Massively underrated here at a 30-35mil mcap. Especially as that factors in Zulu + EPO + every other project / interest the company has.

George has signalled there are multiple interested parties and so things are going to get exciting soon than many on the side-lines may expect.

Merry Xmas all.

£500mil value you'd be looking at an SP of about 2.5-3p I believe (correct me if I am wrong!).

Definitely possible post DFS - with wider Zulu exploration and results. I think you wont get an offer of that magntitude until then, but it is always possible in a bidding war between the multiple interested parties George has mentioned. Especially if Gangfeng and Zhejiang and another few giants all want in

I can envision low ball offers of £100-200mil may have been put in, but wont have been accepted when the value can be doubled, tripled and much more post DFS.

What's actually in the ground and the quality of it will determine the final value, along with lithium demand and prices. I think we are all confident those factore will keep working in our favour as the year progresses.

*excuse the typos :)

Big player again 135bil mcap and they're the ones that snapped up the Arcadia project from Prospect Resources recently for a nice sum.

https://www.mining.com/web/zhejiang-huayou-cobalt-to-buy-zimbabwes-prospect-lithium-for-422m/

Seems like they only recently turned heir attention towards EV's and lithium in a big way and have had no issue pumping big money into projects his year.

https://www.reuters.com/business/energy/chinas-huayou-invests-21-bln-indonesia-nickel-project-2021-05-24/

https://www.reuters.com/business/energy/reuters-impact-chinas-huayou-cobalt-seeks-lithium-expands-battery-minerals-2021-09-30/

https://www.reuters.com/markets/deals/chinas-huayou-agrees-lithium-production-battery-recycling-tie-up-2021-12-17/

So that's another big Chinese player looking to invest big money in this space and I wouldn't be surprised if they're sniffing around PREM considering they are fond of Zimbabwe given how much they paid or Arcadia - before it has a producing mine.

Then you have Gangfeng (190bil mcap) who just claimed Bacanora Lithium here and today submitted their TR1 in Zinnwald and have an 8%+ stake now.

https://www.marketscreener.com/quote/stock/BACANORA-LITHIUM-PLC-42765406/news/Bacanora-Requests-Cancellation-of-London-Listing-on-Ganfeng-Offer-37404978/

It seems like Zhejiang Cobalt gave a better deal to Prospect Resources shareholders than Gangfend did for Bacanora Shareholders and so perhaps the former will give us a fairer deal, if either of them are sniffing around.

There's a lot of activity big money being flung around in the lithium space that's seemingly gone unnoticed by the wider market at the moment. Perhaps because many have thrown their money into crypto, COVID shares or taken their money out completely for now due to Omicron. But it will come back this way early in 2022.

Te rest of the DFS will be funded, as will further exploration and getting the mine up and running. These compaies will pay the 10-20mil needed for that, they are simply that desperate for what's in the ground.

@Snowking.

No dount the big boys are coming. Check out the 8.68% holding TR1 declaration today in ZNWD from Gangfeng International, China. 190bil mcap. So much activity this week. PREM arguably the most undervalued and has the highest potential with Zulu.

2022 is going to be a good year here.

Nice 15mil buy at the end to absorb all the sells and give us a good finish.

Merry xmas and happy new year all!