Member Info for news

https://twitter.com/DrPippaM, 16 hrs ago:
"Italian truck owners org says from Mon they will stop bc gas is too$.
This will mean food shortages in cities unless solved."
[This just appeared on my Twitter feed. I dont know about UK but someone on the UKOG Twitter feed said he is paying £500 a month for electricity and gas. Oooh, that is £6,000 a year.]

Hope SS is on the job at UKOG.

PREM - a historic day with Suzhou paying the first £1.2m out of the £12m subscription for 13.38% of PREM @0.4p [Premium 30-33%].

Well, history shows that its the RESOURCE that does the talking.

Fri, 11 Mar 2022.

Fri, 11 Mar 2022.
Just checked my account. Showing advertised 0.22p to sell and 0.25p to buy +2.92%.
Did LIVE dummy sell and it is correct at advertised. For buy, it is close to the advertised but limited to max X amount [NT].

So, the spread is wide but other than that, the buying price is almost like yesterday.
@11:15am, Fri, 11 Mar 2022.

The CEO and Chairman of Clontarf Energy are well known ie Mr Teeling [Chairman].
It would be from the oil days of other their previous co's. Mr Teeling is well known in Ireland and hence Irish Times etc do report on his business interests.

The market cap of CLON is around £2m and the new rule is £6m for entry level.

The CLON Presentation of Jan 2022 speaks for itself, in that the projects are listed.
They may or may not eventuate. Everything is spelled out clearly ie risks so nothing is unknown.

For this reason, some of us buy a small no of shares as the share price is historically low.
Some call it bottom fishing. I have been in other stocks of which was in the same position but eventuated into multi-million mkt caps eg Solgold [mkt cap £8m] then. One hears the same type of ...

At CLON, there is NO active drilling etc but only the ongoing discussions which the co RNS's state clearly that the Bolivia lithium is hard to process. One has to do DUE DILIGENCE
in that the information is FREELY AVAILABLE online.

So, BUYER BEWARE goes with AIM co's and that goes for ALL STOCKS ie they can rise or fall.
Look at the FANG stocks in the USA and in particular Facebook which has also fallen from their highs.

I am not in shell situations generally but given I have only put in a very tiny amount, I am well aware that it could be lost and that is the essence of SHELL co's. Look at Sirius Resources that was once a large co but once they could only finance the later construction, it was taken over by a major for LESS than what they put in.

Many of us are NOT legacy holders so have sympathy for those here for a long time.
As for no of posts, that is something well known as to the reason why. One has been a long time in the space. When I was new, someone said one does NOT need to buy shares. One can read and follow for FREE to gain experience. I took that advice on board.

Sorry for typos as I am rushing off.

LoL, isnt it nice that CLON is the top riser No 1 today.
At HL, they limited buys to max £3k towards the end of the day nearing 4.30pm, Thur, 10 Mar 2022.

No one knows what is the reason for the rise although rather strange no speeding ticket given the rise was over 25%?

Maybe, its just opportunity knocks. I have always been interested in the Bolivia lithium potential.

Let's see what happens tomorrow.

Nobody here. LoL.

On 16 Feb 2022, Suzhou gave AVZ US$240m for a 24% stake [Progress development].

So, for example a 13.38% STAKE akin to the PREM-SUZHOU DEAL [instead of 24%]=
US $ 1 3 3 MILLION [13.38% of US$240m].

AVZ 400MT.
PREM 20MT

So, the US$133m is for 400Mt.
So, 20 MT = US $ 6 . 6 5 MILLION.
-----------
PREM GOT £12 MILLION FOR GIVING SUZHOU 13.38%.
IF BASED ON THE AVZ DEAL, PREM WOULD HAVE GOT ONLY US$6.65 MILLION.
[check the cals].
So, George did get a good deal.

The initial deal AVZ got was for a 12% stake and OFF-TAKE.
The initial deal PREM got was for a 13.38% stake and OFF-TAKE.

PREM RNS, 8 Mar 2022 Subscription of £12m for 13.38% to Suzhou of China @0.4p.
This RNS mentioned Suzhou and Pilbara Minerals.

"Australia Pilbara Minerals signs 5 year lithium SUPPLY deal with Chinese firm."-Reuters, 20.3.20.

Pilbara signs with YIBIN TIANYI, a unit of SUZHOU to supply lithium SPODUMENE.

"In Jan, Yibin Tianyi BEGAN OFF-TAKE DISCUSSIONS with A N O T H E R Australian lithium player AVZ after taking a 1 2 % stake in the co."

Comment:
From the AVZ story as above, SUZHOU [Yinbin Yianyi] TOOK A 12% STAKE IN JAN 2020 F I R S T. Then, on Feb 2022 [see my post below this], they took ANOTHER 24% STAKE for US$240m for AVZ to progress DEVELOPMENT pending licence award.

As said, they appears to be how Suzhou 's playbook plays out? George Roach, PREM CEO said in his interview there would be further negotiations. So, AFTER the DFS [Suzhou's £12m investment for 13.38% @0.4p], it is obvious the next step would be ....as norm?

In the latest PREM RNS relating to the subscription from Suzhou for £12m investment at 0.4p for a 13.38 % stake, the RNS mentioned Suzhou and AVZ.

AVZ is listed in Australia @88c, Mkt Cap A$2.96 Billion

"AVZ completes $240m cornerstone investment for Manono lithium and tin project."-Smal Caps, 16 Feb 2022.

Herein, Suzhou invested US$240m or A$335m for a 24% stake. The money will be used by AVZ to progress development PENDING licence award. Manono [AVZ] lithium project is located in DRC and has a resource of some 400Mt [check the article details as this is a rough figure].

FROM AVZ WEBSITE ON 20 TOP HOLDERS OF AVZ
https://avz.com.au/top-20-shareholders.

No1: TIANYI LITHIUM 6.9%
No 2: HUAYOU [HK] 6.29%

Comment:
So, 2 Chinese big names hold some 13.19% in total.
As for PREM, Suzhou potentially may hold 13.38%.
So, one can see that what George Roach has done to obtain a cornerstone or investment direct equity follows a similar lithium trajectory?

Then, the latest is the cornerstone investment from Suzhou.

----------IT CALLED A DE-RISKING EVENT [one of] PER ANALYSTS PLAYBOOK---------
PREM RNS SUZHOU, TUES, 8 MAR 2022.

"Co's SHALE GAS RESERVES and now model -------------c 1 5 TRILLION CU FT RECOVERABLE---

based on the co's recent estimate mean volume -------- c 1 0 2 TRILLION CU FT."

"A/c we acknowledge shale is at an early stage in the UK, THE R E- R A T I N G potential for Igas in the event of success could be MATERIAL [almost 1,700% on our estimate].

Ref: "Coastal Energy, GKP, Heritage and IGas up to Buy."- 3 June 2013
Goldman Sachs broker report.

At the time, Goldman just gave out a target price for IGas of £18 per share.
I tried to look for it today and found the above. IGas was trading at some £1 region then and so per Goldman potential upside of 1,700% would be roughly £18. I dont know the mkt cap for £18 as it was long ago. Maybe someone can recall. The £18 price target for the shale potential was posted on this forum then.

------AWAIT THE UK GOVT DECISION NEXT WEEK POSSIBLY FOR EITHER LIFTING OR NOT LIFTING THE FRACKING BAN ON SHALE GAS.---[New Energy Strategy Report out next week per articles out today?

Wed, 9 Mar 2022.

See my profile as I have just posted it.
Wed, 9 Mar 2022 @8:50pm

"Liz Truss back return to fracking to stop Russia from holding UK to ransom on gas."- 9 mins ago, Guardian, Wed, 9 Mar 2022 @8:40pm. ------------THE LATEST-------------

[2] "Kwasi Kwarteng tones down anti-fracking rhetoric after No 10 hints at U-TURN."
2 hrs ago. Telegraph.
---------------
"Boris Johnson OPENS DOOR to fracking in response to Ukraine war."-FT, Wed, 9.3.22
"BJ has PAVED THE WAY for potentially L I F T I N G BAN ON FRACKING as the UK PM draw up a NEW ENERGY STRATEGY in response to war in Ukraine."
---------------THIS WAS THE ARTICLE THAT WAS SIMILAR TO THE INDEPENDENT------------

Comment:
NEXT WEEK, the new ENERGY STRATEGY REPORT will be released per articles?
So, one way or the other, we, shareholders will know IF THE BAN ON FRACKING IS TO BE LIFTED OR NOT?-----------------HISTORY AWAITS THE DECISION FROM NO 10.-------------
However, following the FT and Independent articles earlier, the LIZ TRUSS AND KWASI comments as above is interesting.

https://twitter.com/independent/status/1501548949043392515 Independent, 15 mins ago, Wed, 9 Mar 2022 entigled: "Fracking will be explored following Ukraine invasion, No 10 says."

"Energy security strategy.
Will consider LIFTING the current ban on drilling for shale.."

There is a energy security strategy report coming out.

MarktheSpark posted below he was at Igas at the time of £1.10.
I recall from the time, Goldman Sachs came out with a price target.
I have now located that report on many co's including IGas dated 3 June 2013.
This was about the shale gas then - a re-visit of old times given what markthespark said.
Interesting as we now await the govt report shortly as said.

Wed, 9.3.22

"Fracking back on the cards for UK after Russian ban."-Metro, 9.3.22
"BJ is considering re-introducing fracking...."
"But a U-TURN could now be on the cards..."

If you want details, look at my profile and link.

"Boris Johnson is considering re-introducing fracking in the UK....
But a U-TURN could now be on the cards as ministers ponder how the UK can become more self-reliant when it comes to energy."

"Mr Johnson's top team is said to be split on the issue but is believed to be against sealing England's only 2 viable shale gas wells.... 1 option to soften the blow would reportedly be to offer payouts to communities that agree to fracking nearby."

https://metro.co.uk/2022/03/09/fracking-back-on-the-cards-for-uk-after-russian-oil-ban-16242863/ "Fracking back on the cards for U after Russian Oil Ban."-Metro, 9.3.22

Article by Lancashire Telegraph, 57 mins ago, Wed, 9 Mar 2022.
---Further change overnight from using for research----

"LORD FROST PUTS PRESSURE ON BORIS JOHNSON TO INVET IN UK FRACKING OR FACE RATIONING."-GB News, 23 hrs ago.

To read, call up the title.

"Just finished speaking to George Roach of PRE off the back of funding news for Zulu lithium.Stockbox will publish the interview soon "-33 mins ago.
https://twitter.com/MarkEJFairbairn

PREM TWITTER
Pics of cores from Hole 68 is shown with comments to read.

leading on fracking. I cant repeat the article more than once so have a look at my profile for the titles.

Johnson blocks imports of Russian oil."-Daily Telegraph, 9.41pm, Tues, 8.3.22.

"Boris Johnson has opened the door to the return..."

Cant read the rest as the Daily Telegraph is on subscription.