Simon Moores tweet on Lithium, 7 hrs ago, 15.5.2215 May 2022 17:55
"Lithium needs $42bn of investment to meet 2 0 30 targets . In reality that target has already been MISSED considering TIMELINES to build NEW lithium mines.
Accounting for mis-fires on NEW LITHIUM SUPPLY , this $42bn will be closer to $70bn."
https://twitter.com/sdmoores 7 hrs ago, Sun, 15 May 2022.
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PREM:
[1] PREM is in a good place in this regard given that SUZHOU has taken a 13% stake for £12m at 0.4p. Therefore, PREM has a conerstone investor and from the PREM earlier RNS, there could be further negotiation relating to $$$? Others that do NOT have cornerstone investors [majors] may not be so advantaged?
[2] Piedmont took a stake to finance the technical studies, mine build etc at a Ghana lithium play on AIM. This deal came in when this co ONLY HAD A JORC of 20Mt upgraded to some 30Mt region. Till today, NO DFS has been completed etc.
[3] PREM has a JORC of 20mt and therefore in the same position as no 2 above.
A/c to earlier Zimbabwe report/s which I posted, there was talk of possible offers, JV etc. Indeed, this turned out correct so SUZHOU considered the PREM 20MT JORC sufficed.
[4] Take-out prices for other lithium plays or JV - PREM's mkt cap is well value compared to these deals - this is evidenced that "fair value" paid by Suzhou was 0.4p and currently sp is 0.28p region +.
Sun, 15 May 2022.