Member Info for NASA1

Glencore clearly want the SC6, providing PREM can demonstrate they can produce it without issues. The LOI should move to binding if they're still interested.

Thereafter, if they want the product. They've shown appetite. PREM need to demonstrate they can produce it consistently. Which is what they're aiming to do this quarter.

Previous peak market cap was around £180–£250m.

If they can "demonstrate the ability to produce a consistent, quality spodumene concentrate, to the benefit of all stakeholders" then PREM effectively becomes a functioning mid tier operation again.

The Glencore LOI is still in place. I imagine it would move to binding in that scenario.

From Kingfisher Investments a private family office/hedge fund since 2002...

"The highest risk position in the Kingfisher Deep Value Fund is @OrosurM #OMI

Promising RNS today. New mineralised zone discovered near Pepas (initial MRE Feb '26).

26.4m @ 2.85g per t

14.45m @ 8.27g per t

SP +18%

Lots of news flow to come from the 3 prospects

DYOR🤞"

https://x.com/i/status/2043974414962749551

Going to be news flow rich...

"We have always considered Pepas to be a small part of a larger system but held back on wider exploration until the MRE was complete. It’s encouraging to have now identified extensions or repetitions of this mineralised system that will form the basis of more detailed exploration. This drilling, in conjunction with the new rig at APTA & potential drilling at El Cedro in coming months, finally sees Anzá being explored to its potential"

https://x.com/i/status/2043939286467104831

Tweet from company...

"Been radio silence for a while as we have been doing lots of background drilling and other work. Hopefully we may have a little more to say from here for a bit now that we are finding something."

https://x.com/i/status/2043945469668422112

Ask @ 40.6 been cleaned out, 40.9 now. Even if you discount H&P's target by 50%, it's still £1.20.

50s by the end of the week imv.

40s early next week i reckon, maybe mid 40s by later in the week to form a base towards 50s after that.

The Company's interim CFO, Tim Slater, has participated in the Retail Offer for £150,000. Nice one :)

Could* well

Great find. So much going on this year. It tripled in no time last raise and the way the volume is ramping up again the overhangs going to be cleared in no time. It's repeatedly tested the 50-70p range with highs above 80p all in the last 6 months. The next move well be over £1 and it may settle around 70-80p before pushing higher.

Huge catalyst this quarter.

MKA's shareholding in Mkango Rare Earths MKAR will be valued at $400m at the listing price of $10. That equates to 84p per Mkango share.

"expected to close in the second quarter of 2026, subject to, among other things, the approval of a Nasdaq listing"

MKA's shareholding in Mkango Rare Earths MKAR will be valued at $400m at the listing price of $10. That equates to 80-84p per Mkango share.

I feel once 40p goes, it will double quite quickly like last time.

Bought first tranche, will be scaling in as funds allow. Last time this doubled in no time.

Huge endorsement to have Baron onboard!

Placing shares are being forward sold, they are active.

The market will ultimately chart its own course. If it chooses to price in prospective upside whether driven by known resources or confidence in management’s ability to secure a favourable farm out, then so be it. While a pullback remains possible, the broader macro environment continues to lend support to the oil and gas sector. With a farm out potentially materialising at any moment, the situation remains finely poised.

Indeed. And let's not forget Wilkins either. Very accomplished board steering this for significant value creation. Even if they are motivated by there own substantial holdings, i don't think shareholders will mind that at all.

Michael Spencer is one of Britain's most successful entrepreneurs. He founded the financial broking firm ICAP in 1986, which grew to be the world's biggest broking firm and a constituent of the FTSE100. The business was renamed NEX and then sold to CME, the global financial markets group in 2018. Since then, Michael has become an active investor in a wide range of emerging businesses through his private family office, IPGL. He is Chairman of AIM-listed Chapel Down, Britain's largest winemaker, and Chairman of the Centre for Policy Studies.

 

David Wilkins has over 40 years of oil and gas upstream drilling, engineering and operations experience with Dowell-Schlumberger, Marathon Oil and Hilcorp Energy across international and domestic producing basins, including Alaska. He served as the Senior Vice President for Hilcorp Alaska from 2015 until retiring in 2022. During this time, Hilcorp drilled hundreds of wells in the Cook Inlet and North Slope basins, made several acquisitions of legacy producing assets and tripled production. He is a Petroleum Engineering graduate from West Virginia University (1985) and a lifetime member of the Society of Petroleum Engineers.