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Trash interview. Did i understand correctly that the sorters may become redundant? I honestly don't believe a word he says anymore, in the mean time the price is back to when i first bought in back in March 2021. God damn the day i didn't sell at 1p......

It will reverse but not anytime soon. Lithium carbonate down 81% on the year, spodumene down 86% on the year, demand for EVs is dropping. We may have to wait a few more months before things stabilise. I wonder how this will impact PREM, the negotiations with Canmax and the sale tactics.

We need clarity on Canmax's desired way forward and on the EPO licence extension, everyone seems to be fairly quiet about these topics. Hopefully there is a Stockbox interview before Xmas.....

Probably Goddard selling their part. I wrote to the LSE, their reply in the link below

https://ibb.co/LnGSMP8

Steward1, on the topic of the EPO, I asked Wilna if she could ask GR about the EPO licence deadline this March 2024, what it takes to get this extended and if this presents a challenge/risk or not. Only reply I got back was "GR says we are working towards a long term tenure." This doesn't really clarify anything or provide any comfort.

Biz thanks for the video, must admit that i completely missed the NOMAD text at the bottom. Another not so comforting piece of news.

I am definitely not adding more but also not selling any, just need to wait this out for now.

Good post sir, i agree.

"Canmax to confirm no loan repayments or share settlement and details of a financial support agreement." This point is the more pressing to me in the short term.

To yourknowledge, has PREM ever paid Goddard in shares in the past? I know GR used Circum money in 2016 to pay them but wonder if they have been paid in shares befote and if they sold immediately in the past.

Acker, I agree, nothing new here we did not already know. Pretty useless RNS really. I remain hopeful like the others but only time will tell. In the mean time i have not received a reply around licence and EPO, will have to chase again.

Apologies, article appears to be from a few months ago but showed up as latest news feed to me 🤔

Are the Chinese getting cold feet? Are the Zimbabwean ore export bans and recently announced conditionalities backfiring? I'm not sure but I wonder if this affects PREM and negotiations.

https://www.bnnbloomberg.ca/zimbabwe-s-1-billion-lithium-plan-faces-setback-as-chinese-partner-cuts-stake-1.1947891

Not selling 75% of my investment when this was at 1p is probably the biggest financial mistake i have made thus far. And I have only me to blame.... https://ibb.co/xCC4nXv

On the topic of production launch:

GR: "It might be a tough 2 months, but I'm 2 months away."

MF: "But we have heard this before haven't we?"

GR: "I know."

MF: "I don't want to be having the same conversation in 2 months. You're pretty confident we'll be having a different conversation in 2 months?"

GR: "I'm going to move Heaven and Earth, if I have to get down there to break rock personally I will do it."

Ok George, the market will hold you to your word.....

Some very valid points and posts, cheers all.

Personally if I were Canmax I would take what is owed to me, especially after having already revised the agreement once. But I may be totally wrong, we are all just having fun and speculating. We'll know soon enough.

Acker I agree that Canmax has their eye on Zulu, then EPO area, other mining prospects in the country and then building refineries across Zimbabwe to take full advantage of the large reserves and the positive relationships with the Prime Minister. How they choose to tackle this endevour and how this affect PREM, I have no clue, RNS out soon, this week or next.

Also, it seems like "simple exploration and ongoing mining activities" is all it takes to renew the EPO licence for 3 more years. Not sure how accurate this is but if anyone else has more info please let me know. I'll ask Wilna and GR as well in the mean time.

In case anyone forgot, unless these are revised this week during the talks with Canmax, and unless miraculously PREM can start producing, this is the current situation: https://ibb.co/ysVDg5c

I remain hopeful but we are at the hands of Canmax who has "the knife by the handle" now. Fingers crossed we get a good deal or at least get to enjoy some of the scraps off the table. And to think we were all shouting "2p! 3p!" just 6 months ago....

Thanks for posting the link. I liked that they are exploring the EPO further and I am happy that Canmax will respond soon and that another Stockbox interview is in the works for next week. The rest is just fluff.

The smirk on Mark's face when he asked for timelines and GR mentioned late Jan/early Feb as target dates for production, Mark knows it's just another date thrown out there 🤣

No Acker i won't, we need someone with a much bigger holding than mine and someone that actually has time to deal with this.

Surely you agree that a change of pace is required right Acker? Things cannot stay as they are for much longer, something big is bound to change (leadership, ownership, suppliers, development, project scope etc). We shall await an EGM as well, but even more importantly, we need to wait for Canmax's next chess move.

Acker, all I can say, is that being a project manager that launches multi million pound real estate spaces and digital solutions , if me or my director managed the project plan, timeline, costs and communications as GR and team did, we would have lost our jobs a long time ago.

We need someone that is not a pure explorer, we need a pure miner and developer with a proven start up track record. GR has run his course as he was perfect for exploration but out of his depth now. Look at Marula mining, that CEO and team is what we need and what "good would look like".

A change of pace would restore faith in the project imo and therefore renew financial support. Otherwise Canmax can buy majoroty stake and put their person in charge and we know how fast the Chinese move and launch projects in. Stark may not be Canmax's first choice anymore as well.

GR can still stay part of the board and keep his shares should he wish but a new PM and CEO is required. My opinion means nothing of course but since you asked....

I am not sure i feel the same way anymore Acker:

He has dropped the price almost everytime he speaks, he has lied numerous times, he has missed every deadline possible, he has diluted investors continuously, he has failed on MNH, Mozambique gold, RHA and now still failing at Zulu project, he pointed the finger at Stark multiple times and now took full responsibility when it was too late, he is smug when he believes all is well and cap in hand when he needs back up and money. And those political connections? This may literally be his last lifeline, but with China taking more and more control of the Zimbabwean mines (last week news were released that The People’s Republic of China has announced a massive USD 2.79 billion investment in its lithium mining operations in Zimbabwe!) and with his expiring EPO licence he is on thin ice if he gets made redundant by local authorities. Not sure he actually brings that much value anymore.

If I were Canmax i would slowly buy a majority stake and run the place or replace him, or simply wait for PREM to crumble under its own promises and contractual deadlines and pick it ALL up legally on the cheap. Canmax has been patient and leniant up to now, not sure this façade will continue much longer. We shall find out next week.

Even on T212 forum people today are discussing how Noel and Snowking should be investigated, how they censor people who disagree and of how many people with little knowledge in that group have followed them blindly and are now down 30-50-70% after putting all their savings in. I really feel sorry for those that followed the trickery and lies, that telegram group really needs shutting down.

I wish someone went to that group and wrote "I have raised an official complaint towards the leaders of this group with the relevant authorities...."

Hey Acker, yes it was pretty good news to hear of a potential continuation and support with Canmax. The market is not too impressed as I believe its looking for more actions and results rather than words. Let's see how this develops over the next few weeks. Definitely selling now would be silly.

Fair enough Acker, anything is possible, hopefully common sense prevails but Canmax could even "run the clock down" to April just to pick up the scraps of Zulu. Or even may be meeting with the government to pick up the entire EPO area (we are to renevew our agreement in March/April 2024 if I am not mistaken, i think it was a 3 year deal with a potential extension of 3 more years? Correct me if I am wrong please but those dates are quite convenient for Canmax).

All good points to be raised at the Q&A no doubt.