Member Info for Mafs

Hey Snowking, you might want to add another '0' to that tonnage price!

Were looking at about $9-13 a Kilo of lithium. Approx 900 KGs in a tonne would equate to $8000-13000 depending on which time the price was taken into account.

LITHIUM is set to run out pretty soon, think about this.

Its used in phones (how many IPhone, Samsung and Chinese brand smart phones are manufactured let alone EV and laptops? Even vaping devices for crying out loud!)

Therefore the demand outstrips the supply. ZULU will be worth billions in my honest opinion! In fact, in my honest valuation per tonne which is not subjective.

Here's the link from Dec 2020, take a look at the graph indicating demand and supply alone:

https://www.forbes.com/sites/danrunkevicius/2020/12/07/as-tesla-booms-lithium-is-running-out/?sh=6a2a495f1a44

GLA

Jones, I absolutely do. 20p ranges will occur after JV is established.

This is why will always have more here and top slice whenever I need to.

GLA

I had a dream about this and everything... we just need the EPO approver to grant it and its rocketing from here.

Honestly, if GR pulls this off, I'll tell ya, do you remember in the movie Rocky 3 when Apollo Creed kisses the forehead of that half bald dude in Rockies corner, Paulie?

Its gonna be one of those moments!!

I really hope we get it without any hiccups, and wish everyone the best 2moro!

GLA

Snowking, I really hope you make sure it goes ballistic 'nod nod wink wink' =)

I'll be contributing to it no doubt

GLA

I think people selling out will occur throughout the rise and throughout the life of the share. We forget that those who purchase shares are essentially its owners.
They are allowed to do whatever they wish with their financial assets, though we may despise it at times.

If a company floated on AIM is unable to deal with sellers then its not that strong... but were seeing exponential growth here, 4-8k trades a day, many are small ones that serve to balance the books we know, but we see millions bought and sold, and out of 1.7bn shares about a quarter volume traded, thats quite breathtaking IMHO.

When prem reaches a mature stage where its Mcap is deserved of its assets and leadership, we'll be in a solid position where sellers wouldn't affect the SP much, but that's a lot later.
On that basis, the sellers can affect the SP now tying into Ackers point of it possibly dropping post EPO announcement or around 0.5. Its not a concern for LTH's since they'll buy in on the dips, so it's even better! I'm blessed that a 6 figure salary can assist me here.

For them (I'd like to think I'm also included in that category) there's a greater picture than a 1p SP here.
In my view (and I'm certain they'll agree), this will be in the multiples much later on, but the EPO is the 'big bang' to set things in motion.
So whilst sellers scramble for a few thousand or a few hundred in a trade, we'd be thinking in the millions. Its not a dream, but very much possible with a good DFS and a JV for lithium in a few years - think EV vision 2025-2030, it isn't a long time away.

All in my honest opinion of course.

Ok politzer prize winning esay over,

GLA

Stars, but what we're looking at is not just the graphs, were expecting news therefore the rise is rooted in fundamentals and not technical or pure sentiment (pump and dump).

We have potentially one of the largest lithium mines on the planet.

We have tonnes more. Its rise in anticipation not rise due to herd mentality.

Its clear the days support was 0.21/20 where we saw few bounces. Im hoping we see the same 2moro a rise to 0.24, and hopefully break 0.25 to then move to 0.28-30 before Friday and 0.45 onwards in anticipation of EPO.

Missilee - yes insha allah

GLA

Davies get in there mate! If there's space for 1 more with popcorn ill join ya!

To Mr Trotter, I forgot to add, EPO being granted is my opinion after some research, also GR's proactive interview where he said the woman told him the EPO is being gazetted. Can someone share the link to the interview?

The woman asked him how he's doing he said fine but id be a lot happier with the EPO, to which the woman at the Zimb meeting said along the mines of "they're being gazetted/sent/granted..."

On top of that, if you read the transcript, the question raises to the mining minister asked about EPO's specifically for the Midlands and MATABELELAND, to which he replied as you know that they're being gazetted as he speaks and will be issued either last Friday or next Friday.

PREM's ZULU mine is in MATABELELAND therefore on the priority EPO list raised by the questioner. The gazetted part also corresponds to GR's interview where the woman said the same.

I mean there is a chance the geeza who gazettes it has a car crash (or much better scenario for him) is he misses deadline or procrastinates, all of which are outside Prem's control.

ALL IMHO

GLA

This is a beautiful sight! Traders riding through the vast oceans of Prems lithium. Well done to you guys.

Believe me, a share that has this quite regularly is a great sign of interest and Share value. Traders know people will buy shares at much higher, its a great confidence booster.

A pump and dump is a sudden unwarranted huge spike which then drops and dissipates. This folks, has been ongoing since Prem has picked up, which is a very healthy sign.

Whoever thinks this is a pump and dump is a joke! And shouldn't be investing.

If we take their argument that its a pump and dump simply due to oscillation, then Argo is a pump and dump 220/230 pump, dump at 300p and repeating. Oh must be a P&D!

Pick any trending share, it'd be a P&D according to this dude.

I cant bet you my entire portfolio I aimt dumping this! Come on Friday!

Thursday will people taking their seats...all but this guy of course.

GLA,

P.s. I kid you not, I can smell that Bentley GTC interior all the way from the EPO on Friday.

We thank you realism, for your honour, dignity and your unwavering loyalty which lasted about a week... money talks they say.

I hope this hits 1p and you can come tell us about how this failed then.

Good bye

All good!! Been a really positive response here!

GLA

Bring on 0.24!

This has already broken the 2018 peak.. what a response to the derampers!!

GLA

Bring on 0.25-0.30!!

Great day today!!

GLA

Come on PREM! We can do it!

Smash the November 2018 peak!!

GLA

How people can sell 26k and 20k before Friday is beyond me.

They must be traders!

GLA

I know we can! Come on Prem!

And people taking profits which is all good! They're trading i think and will come back before Friday i reckon.

GLA

EPO means essentially a license which is exclusive, that allows Prem to derive value from one of the largest, if not, the largest lithium mine on the world.

It paves the way for the DFS which is what the JV partners would be very interested to see.

The EPO would also see us at least 1p in near term which might be a 5 bag from here for those who cannot see the greater picture, but a proper re-rate for the LTH's who know what this is capable of in a couple of years.

The EPO is what will derisk PREM in the eyes of potential partners, some of which may even look to tie the knot with PREM before the DFS based on the maiden resource alone.

I remember being ecstatic when about 11 drill holes were done at ZULU years back, and every single drill hole produced exceptional lithium grades.

Get in before Friday, and also bear in mind the 2 hour time difference eith Zimb in respect to RNS, and annoyingly how they don't often keep to time frames (which isn't PREM's fault).

The EPO is at stage 7, it is definitely coming.

GLA

Iftekar, that's fair enuf, but it's pure speculation without any semblance of proof that this mysterious telegram/whatsapp group has sold or is selling and leaving us after a few days of rises.

Do you know how long these guys have been around? They formed this (I stand corrected) before I even joined PREM 6/7 years ago. They had 100's of thousands invested back then. They wouldn't sell out at 1/5 of a penny when they've stuck as loyal investors for years knowing the life changing fundamentals. Of course nothing is stopping them from doing so, it's but their choice but I highly doubt it and its pure speculation and serves no purpose other than to derail new investors, and create unnecessary and non-beneficial fear for those recently invested here.

Not very nice in my opinion.

Let's wait until Friday for the major news.

GLA

Honestly... if we as human beings aren't as fickle as the British weather then i don't know who or what is.
Take this in your stride as BAU (Business as usual) when it comes to huge rises like we saw.

I've never seen a share share go up in a single line. The moving average is still 'bullish if you like, and simply slowed a little due to sellers taking profits. No doubt they'll buy back in again for another ride before Friday.

Just to remind people what Zulu is about... back in sometime during 2017, there was a maiden resource established of 530,000 tonnes approximately of lithium with tantalum as a by product. This was only a 35% of the mine length.

If you calculate 530,000 by lithium price per tonne today (ill be extremely conservative and say 1 tonne is $10,000), it equates to $5.3 billion! (Let's be stupid and say net income is half of that, in case GR, and the BOD land in Vegas and blow half of the account on booze and other things). The figure is mind boggling.

Imagine the rest of the 65% taken into account?

Looking forward to 2moro and Friday especially!

GLA

Interesting quick read written 1 day ago.. sounds like people are picking up zimbabwe's lithium potential here...

"Mining which is a significant economic sector is expected to earn US$500 million annually by 2023 with lithium extraction designated as a fundamental part of the Government’s US$12 billion mining industry target."

https://businessmail.co.zw/business/mining/lithium-a-cornerstone-of-economic-growth/