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These pesky traders are not letting us fly, one doesn't have time to buy X that within minutes someone else sells X.

But overall this week has been pretty good (up 15.5%), enthusiasm and volume are slowly picking up ahead of expected news. I hope we hear back by end of Wed 1st, otherwise the week after will do just fine for me.

Let's go!!

Cheers Jamgoo. I relistened to the interview, you are right, GR clearly says in relation to the mine: "If someone wants to give is a loan to fund the mine, why not go down that path?"
Seems like talks with Suzhou for this pilot mine are advanced already.
What's your take on the lack of results?
I believe the results are coming in, just not being shared so PREM and Suzhou can finalise loan prices and offtake prices amongst themselves first before news and RNS.

Choma, best post of the week, thank you for your support.

Thanks Bick, all plausible and sensible.
Not sure how I feel yet about PREM Chinese owned, but i'll deal with that later if the issue presents itself.

Great posts today, mature discussions.

Bick, to summarise for dummies (me), basically you are saying that to develop a mine the only viable choices will be:
- PREM holds on to the asset but continues dilution (and spod sales) to fund mine
Or
- PREM sells Zulu to fund exploration and mine for rest of EPO lithium
Or
- PREM becomes Chinese owned within the next 12 months

Am i missing a piece?

Thanks Hammered, that's what i figured....as usual us retail are swimming "upstream".

Degrasse, stupid question perhaps, but are PEEL day trading or scalping for the 5-6%? Or are these sales just retail? 14% of all LSE volume goes through them, one would imagine that a TR-1 would be out if they're just buying.

The only filler info i hear is these useless tweets.....drill rods on the move, drill rods at site, drilling continuing,....
https://twitter.com/Premafrimin/status/1529431103303557121?s=20&t=oYBaQ6C3hmtBtuGZ0r0R4g

Thanks degrasse, music to my ears....judging by the volume, i'd say the word is slowly spreading.

I bet this will come in handy fairly soon, either this year or next. Potash prices are doing well and Russia and Bielorussia, number 2 and 3 producers of potash and fertilizers on earth, are being boycotted for now. Just have to hope the war ends once and for all.

Wow they really are speeding things up, great news.
Had also forgotten the Li3 project, good shout. It should come in handy in the future.

So no MNH and RHA updates you reckon? No results either?

Wow, 1p by July? You guys are really confident. I cannot see that happening on just a mine plan and results.
I'll be very happy to hit 0.5 by Xmas. At 0.6 I am opening champagne bottles.

Hi Wot, you may be right. Maybe the pump starts later this week, maybe next week. I'd be surprised if an RNS of this caliber drops without a pump. Then again, if there is no pump, then we just get waffle and maybe just results.
I just want to hear what the way forward is, not too much to ask right? Except PREM $ucks at project management.

It starts slowly and usually builds up as the word spreads. There is always a leak and price action before a highly anticipated RNS (see Feb-Mar 2021, Feb 2022 etc)

I think we may be starting to see the leaked hype already from today, max Thurs ahead of the RNS.

Then my prediction of "RNS by end of Wed 1st June" is correct. We would have the 2 bank holidays after which make it a shorter week.
We usually have leaks and sp action 2-3 days ahead of RNSs and this time around it is still very quiet (except last Friday but that was a 1 day thing only).

We are almost there, 1 more week to wait at the most, results and pilot mine plans are around the corner.
P0.5-0.6 by Xmas is possible, let's go!

Yes I did, my bad

New tweet
https://twitter.com/Premafrimin/status/1528709350956613633?s=20&t=hcDCfckWtKCLDC9KyaWAMQ

Glad to see lots of movement on the ground, just wish more info/maps/instructions were given. On their own these tweets mean very little.

Hey Shiny, this is a great question which would require some research.
That i am aware of, Suzhou has been in the lithium game since 2019 and are currently working with:
Pilbara, Australia
https://www.reuters.com/article/pilbara-minerals-yibin-tianyi-lithium-idUSL4N2BI06R

AVZ, Australia
https://www.google.com/amp/s/thewest.com.au/business/public-companies/chinese-to-plough-us400m-into-avz-lithium-project-c-4087814.amp

Global Lithium, Australia
https://themarketherald.com.au/global-lithium-resources-asxgl1-inks-offtake-agreement-with-suzhou-taa-2022-03-03/

AMG, Brazil
https://www.forumchinaplp.org.mo/suzhou-taa-unit-strikes-brazilian-lithium-concentrate-deal/

They are also close to completing their own battery grade development plant, China
https://news.metal.com/newscontent/101587090/suzhou-taa-ultra-clean-technology-plans-to-build-a-50000-mtyear-battery-grade-lithium-hydroxide-project

Not much info available about the current state of affairs of each, i am only aware that drilling has been fast tracked with Global Lithium since Suzhou has joined.

If anyone else has more info please feel free to chip in.

SK, besides more frequent news, proper progress updates, lab results, better comms, an agreed and documented way forward, a mini mine development plan and the ability to sign agreements also with other investors besides Suzhou? Not much else that I wanted, just curious to hear if PREM is still in talks with others or has settled in with Suzhou for now as you alluded to.