Member Info for M_Night

The market is paying well over for anything to do with lithium at the moment. Look at my links below where the Chinese have paid over 400mil+ for a lithium project in Zimbabwe for example, that has NO WORKING MINE!

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/
https://www.channelnewsasia.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-us422-million-2396161
https://www.reuters.com/business/rio-tinto-buy-lithium-project-argentina-825-mln-2021-12-21/
https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/

PI's should stop mugging themselves off in these lithium plays for 10%, 20%, 30% profits and start holding for real returns. I see no reason why this can't smash 25p again given COVID subsiding and how high he demand is in this sector.

The market has spoken all and its 10-15x from here without even a mine built in Zimbabwe.

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/
https://www.premierafricanminerals.com/projects
https://www.prospectresources.com.au/projects/arcadia-lithium-project

Sell for 200%, 500%, 1000% profit, but stop mugging yourselves off and selling into 10% or 20% rises and then complaining when a placing lands a in the same region. This applies to traders and long-term holders.

We are massively undervalued.

News like yesterday will dramatically reduce that wait time. Hence why some institutions are increasing their stake here now.

I'll keep linking these because so many PI's have been mugged off in PREM. Being told be de-rampers that this will head back down to 0.10, or that this will never break 0.40 again etc.

When in fact even in 2021 the mammoths like Huayou are willing to outright pay over 10x over PREM's current value for a project that has a smaller resource and no mine built in the same region. Not even factoring in the rising price and demand for lithium year over year that is expected.

2022 is going to be a big year for Lithium and PREM.

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/
https://www.premierafricanminerals.com/projects
https://www.prospectresources.com.au/projects/arcadia-lithium-project

George may have funded half the DFS through these small placings, but he would have been given peanuts if he did a JV last spring. He made the right decision to retain 100% of Zulu and to put us in this position where the buyers are now willing to pay so much.

The lithium mine acquired by Huayou in Zimbabwe has an 11x mcap of PREM and no mine built.

Compare the project and investments PREM has vs Aracadia, the owner of the acquired mine.

https://www.premierafricanminerals.com/projects
https://www.prospectresources.com.au/projects/arcadia-lithium-project
https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/

You'll see Zulu is only a part of it for PREM and is shaping up to be the biggest in Zimbabwe.

So, don't get mugged off selling for anything less than 10 bags. You can call this a ramp, but even 10 bags is less than the value of this acquisition that's not as big as PREM and Zulu as an entirety.

Lots have been mugged off in this share, but PREM's direction is about to change here based off this news alone.

Looks too cheap far under the placing price with so many acquisitions occurring in lithium space at the moment and with prices so high.

COVID well and truly subsiding now and just watch the focus shift back on to lithium in early 2022.

Just from this week:

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/
https://www.channelnewsasia.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-us422-million-2396161
https://www.reuters.com/business/rio-tinto-buy-lithium-project-argentina-825-mln-2021-12-21/
https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/
https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/

Load up whilst this is so cheap all.

This is a substantial development and not appreciated by the wider market yet, aka the herd yet. But clearly has been noticed by the inistitutions, hence he TR1.

This week, not only have we seen an incredibly high lithium price that will surely increase further, but also major moves on the acquisition front. Most importantly in Zimbabwe at a prospect that's smaller than Zulu and only really slightly further along in development. Listen to George's last interview and you can pick up he is incredibly bullish about a deal coming off. If the Chinese are willing to throw 400mil+ to buy an incomplete project, smaller than Prem's within the same reason, then they'll sure be willing to front the DFS cash and more for a minimal stake.

PREM is in a position of power here. Good luck all. I can see some nice buys coming in this morning and a strong start to 2022.

https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/
https://www.channelnewsasia.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-us422-million-2396161
https://www.reuters.com/business/rio-tinto-buy-lithium-project-argentina-825-mln-2021-12-21/
https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/
https://www.telegraph.co.uk/business/2021/12/21/china-claims-victory-battle-british-lithium-miner/

Cat is out the bag now ladies and gentlemen.

Load up whilst you can down here because a 30mil mcap for the entirety of PREM, which Zulu is just a part of is most definitely a steal.

Spread the word.

All the investments they've made and the patience of long-term holders will pay off soon.

Hold on to your hats, this will bag again upon announcement.

A given at this point.

The federal government next month will start mailing at-home Covid test kits for free to any U.S. household that requests one, a senior administration official said, as the omicron variant of the coronavirus contributes to a spike in new cases.

The White House is preparing to ship as many as 500 million kits, and it is setting up a website for people to submit their requests, the official said, without specifying how many tests each household can receive or how quickly.

https://www.nbcnews.com/politics/white-house/biden-administration-make-500-million-home-covid-tests-available-free-n1286356

Agree here. Fill your boots.

Breakthrough technology at Paraytec that will multi-bag this share again at a 16mil mcap.

https://youtu.be/PniHlp5MNJc

Frustratingly, some hefty sells now. May take another week or two to clear the new placing shares.

More background buys sneaking in.

It's just so cheap under 35p imo. This was at 39.5p and was going to rise beyond 40p the day before the placement.

Now its fully funded and not only that - the LFT demand is increasing all over the world.

Article from today confirming 500mil home test kits in the US alone.

https://www.wsj.com/articles/biden-administration-to-distribute-500-million-at-home-covid-19-test-kits-11640080802?st=e8py6gku7tlqvy5&reflink=desktopwebshare_twitter

LFT's are the future for controlling COVID, Delta, Omicron and future variants.

Update RNS confirming Omicron is detected is imminent. Expect a big rise from there.

Then monster RNS to propel this back to 130p+

Again background buyers absorbing the dips at this very good entry level.

A reminder that not only are LFTs becoming more important in the UK, they are in increasingly high demand across Europe and the US as well.

https://www.politico.com/news/2021/10/12/biden-testing-not-enough-515733

No wonder Avacta have indicated they may need 1-2million tests a month from Abingdon alone.

Order volumes must be huge if they require night operatives.

If they weren't then they'd surely only have a day-time operation to reduce overheads.

Its also pretty obvious that LFTs have become and will remain the go to solution for COVID for years to come.

They are already now replacing PCR tests in many settings like in air travel.

Last fundraise:

"We are delighted to have been able to raise this extra funding which will enable Paraytec to pursue its new strategy."

BRH is funding Paraytec.

Am fully aware currently the focus is bladder cancer and they 100% own Paraytec. I have looked at the company and Paraytec websites and read the RNS's. :)

Carl has stated in the past the test can be expanded to a wider range of diseases, which I would guess could include other types of cancers apart from bladder.