Member Info for nidgeyr

Due to his age a sale would be preferable?

Agree with you too Steven however this time its different - EPO has been granted and GR will want to move as quickly as possible (due to his age) to realise some value from this asset

Agree with you Steward, do we believe the DFS will take 14 months?
GR is in his 70's !!

Not me..... smoke and mirrors?

Bollingers are tightening, trading fractionally above 20 DMA ......

Agreed Shiny - most confusing - JV? 100% retention? product off take agreements? funding? - hopefully all will be clearer at the end of the month

"Subsequent to the awarding of the EPO for Zulu, Premier has received multiple approaches both proposing direct funding for the Zulu DFS as well as investment linked to product take off and future mine development. Premier is evaluating these and now expects to be able to update our shareholders on the way forward by the end of this month."

Was the pointless RNS a ploy by GR to dip the price sufficiently to allow "mates" to buy in in readiness for the funding update at the end of the month?

Rtomonster - yes impressive isnt it ... but nothing is coming out of the ground until the DFS is complete .....

Even with a JV and funding nothing is moving here for the next 14 months until the The Definitive Feasibility Study is completed

Kalg... my thoughts exactly!

Isn't it just a repeat of last week?
Any thoughts on how the JV and share consolidation with be structured?

From 22nd October RNS -
The recent funding, and the potential for securing high grade exploration assets, generally support a share consolidation and the board of Premier will consider this at a time in the future and simultaneous with potential future transactions.

happyhols, I hope you are right, trouble is that I no longer have any trust in George - lets see what happens

happyhols - not being negative just trying to provide a balanced view of opportunities and risks for PREM going forward.
It's true I am / have been invested since 2017 and still am waiting for that stellar moment that everyone has been taking about with fantastic price predictions. It was however especially encouraging to see the price movement on Friday but it was still short of my buy in price.

20%? -Don't get locked in on the peak

George has been talking about it since 2016 -- https://africa-me.com/global-demand-boost-lithium-mining-zimbabwe/#:~:text=The%20Zimbabwean%20government%20in%202014%20announced%20plans%20to,the%20nation%E2%80%99s%20economic%20growth%20as%20global%20demand%20grew.

Also interesting - https://www.zimlithium.com

Where in Zimbabwe though - near to Zulu or closer to the port

https://www.prospectresources.com.au/projects/arcadia-lithium-project
Already have a DFS in place - closer to Harare for labour and Beira port for shipping
Also note they had to raise their own funds to advance project - they have off-take agreements in place including Sibelco in Belgium

stevenc72- good luck I hope you are right