Member Info for NASA1

@Jaglith but you no longer hold a position, so what are you doing here lol?

Your being here is a bit pathetic isn't it.

Admission tomorrow. Looks like we will head up. Last of the placing flippers today. Should make a move towards 0.03s in the next few sessions.

Graham Hill from 8 mins 40 secs:

"We are continuously in contact with people like Glencore there are one or two other interested parties too, they are waiting obviously for us to get this plant up and running and show that we can produce. When that happens I think our whole world will become a massive oyster."

Link:

https://youtu.be/djbidX8_isE?si=KiCEQ0UoZDZYGoBh

Acker,

I disagree. If Zulu achieves stable, repeatable production, the dynamic changes completely. At that point, funding options broaden, reliance on equity markets reduce, and strategic interest becomes far more competitive. That’s why commissioning success matters so much here, it’s the line between perpetual development funding and a functioning producing asset.

Atb

Not to mention the performance guarantees GH built in with Xinhai, where none existed with STARK under GR.

Obvious execution risks exist until they don't, but Graham’s background is heavily weighted toward mine builds, commissioning and operational turnaround situations.

The upside is potentially life changing, it's priced to fail until it isn't. Haven't forgotten Indigo and Deacon taking nearly 20% of the company last month either.

Maybe because you're challenged in some ways 😂

Canmax Technologies themselves are $12 billion to $13 billion concern and they're very much involved. And yes, Glencore are involved to the extent there is a non binding LOI at present. What do you expect them to do until they see a working plant?

Graham specifically mentioned discussions with Glencore and other parties as recently as 17th April:

Link: from 8 minutes 35 seconds

https://youtu.be/djbidX8_isE?si=ndReHORy9aE7PRv4

"We are continuously in contact with people like Glencore there are one or two other interested parties too, they are waiting obviously for us to get this plant up and running and show that we can produce. When that happens I think our whole world will become a massive oyster."

The LOI was an official RNS, you cannot just name drop Glencore without NOMAD approval LOL. Glencore don't go around announcing every partnership.

As for progressing, how could anything progress until the plant is up and running LOL

Yes, but very small in the grand scheme of things.

17 Apr 2026 — £187,296.16

4 Mar 2026 — £9,384.48

4 Feb 2026 — £177,329.00

16 Dec 2025 — £77,233.89

Not for another 3 to 4 weeks now. Enough time for this to reach 0.035/0.045. The last discount was tiny.

Hot commissioning underway now, if that goes well it's rocketing and then some time to stabilise and ramp up throughput.

They’ll likely continue raising along the way for now, but each positive RNS materially changes the risk profile and valuation. Glencore and other parties are on standby.

Hot commissioning and this will go vertical very quickly. Obviously steady state production is the goal.

PREM clearly lives rent free in these trolls heads. Otherwise, why spend day after day talking down a company they supposedly have no interest in? Bitterness from crystallised losses and an inability to move on would be my guess.

No @Jaglith you said the next one would be at 0.008 (that was after the one at 0.0136) and it wasn't it was just done at 0.0185. A whole 131% higher than your prediction lol

Looking good. The market doesn't seem bothered at all by these raises, a necessary situation to unlock massive upside. A positive hot commissioning update and this is going vertical very quickly from here. The blue print is 0.02 to 1p from 2023.

Another strong volume day and the placing overhang is being churned very fast like last time. Up to 8.5bn now since yesterday.

Lithium Spodumene prices are up 85.53% YTD at $2,872/t SC6.

If Zulu performs, at 35,000–45,000 tonnes of SC6 production annually, revenues would stand at $101M–$129M. Based on operating costs of $800–$1,200/t, looking at EBITDA of $72M–$93M per annum.

It's modular so more circuits could be added. Doesn't include the massive EPO area either. Glencore LOI and other parties are standing by.

If Xinhai’s flotation circuit delivers stable SC6 production and finally cracks what STARK couldn’t, this becomes the standout turnaround play on the market.

Xinhai are a huge chinese EPC player, in contrast to STARK a much smaller in country outfit.

Laughable @Jaglith your call of 0.008 is nowhere. Sit back down and stop embarrasing yourself 😂

The latest raise price is 40% higher than the previous.

I agree. At the end of the day, Canmax want spodumene product, not to run a lithium mine themselves. If they had wanted control of the asset, they could have forced the issue a long time ago, yet they’ve continued giving PREM the space and time to resolve the processing problems.

If the Xinhai circuit can consistently produce saleable SC6 the narrative changes very quickly. Offtake groups, traders, and larger mining houses like Glencore who are watching very closely quickly get involved.

Cracking stuff from Graham. Next stop 0.03-0.04 in the next week to two weeks. Get this churn out of the way like last time and we are away. Next update could see us multibag.

Think Bird will get one in shortly to sure up funds?

@ballymena keep crying, well done on your 10% when you could have had over 65% 😂

Going well here, where is @Jaglith 😂

I reckon a placing next week maybe but like last time may not touch the discount. So much for 0.008 lol