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From memory GR only showed us a picture of one of the 3 extra rigs. It looked just like the initial 3 so I assumed all 6 rigs look alike/similar maker.
This Agua Terra one is different, so perhaps SK is right, this is the 7th rig.

Thanks jenkoo, i believe it is the same rig from the tweet last week.
It is newer, larger and more powerful than the ones we own and that are usually showcased.
This drill belongs to our contractor, Agua Terra.
GR should get 2-3 more of those Agua Terra drills now that he has money.
Tweet unfortunately does not say which part of the EPO/Zulu it is being moved to.

Perfect, thanks both

Silly question time:
Did PREM receive £1.2mil non refundable at first and then £12mil, for a total of £13.2mil?
Or
Did PREM receive £1.2mil non refundable at first and then £10.8mil, for a total of £12mil?

Imagine if this waiting game was strategic, and PREM has been accumulating results for months.
And now they come out with a mega RNS displaying 20 bore hole results, an average grade of 1.25% Li2o and an extra 10,000mt drilled.
That would certainly change the tide.

Dreams aside, at this point I'd be happy with a p0.5-0.6 by Xmas.

It was exactly 1 month ago that we were all in anticipation of hearing whom are new investor would be. PREM had been red hot since Feb 1st with all sorts of speculations, reaching p0.51.
Our sp that evening was p0.31.
The next day Suzhou was announced.
Below image a reminder and timeline of what happened since then.
And how the market and sp have reacted to the so call "big news catalysts"

https://ibb.co/V2rFNFd

I agree on the operations of Leo Lithium, but mine was more of a reference to the fact we get very poor communication at PREM and a presentation like that, with that much info and progress detail, is what we need and crave for here.
Been with PREM for 13 months and read all old RNSs, it never feels like there is a direction or plan.
Will look into Sigma though, cheers.
I'd be curious to hear your thoughts on Suzhou and their lithium involvment.

This is how to do things, how to communicate with shareholders and manage your stakeholder's expectations. This is what I envisioned for PREM if we had made a deal with a major.
From Leo Lithium in Mali (a Ganfeng/Firefinch collaboration):
https://www.google.com/url?sa=t&source=web&rct=j&url=https://hotcopper.com.au/documentdownload%3Fid%3DuOMxKKzFkiWRTLKhOROKAxjvTDYL4wa5zxX%252Bv%252FF%252F57FiGug%253D&ved=2ahUKEwjT_sj75YH3AhVSUMAKHct0DE0QFnoECAoQAQ&usg=AOvVaw1aBp7UfRFR-smXH1gHAArn

PREM is mentioned on the second last slide. We need a RUS soon as we are falling behind in Mt and Li grades compared to others.

I wish but don't forget that the subscription affords Suzhou rights such as the right to negotiate their future involvment and/or investment in support of the project.

GR and Suzhou basically put us in "monopoly jail" for 6 months without a get out of jail free card.
During this period the Chinese will never allow any western firm to even get close to PREM and Zulu. Africa is mainly theirs, and they intend to keep it. Getting other deals this 2022 will be very tricky.

I wonder if Suzhou is waiting for more Mt to be drilled in Zulu before they make more moves or are they already happy with the few results so far and are already planning a mine.
GR did say that PREM does not require all the Mt to be drilled in order to finish the DFS but go figure.

To be honest the whole market sucks this week, most stocks nose diving.

But in PREM there is definitely more selling today:
Vol. Sold 102,291,532
Sold Value £313,676.32
Vol. Bought 35,777,972
Bought Value £112,995.87

Good question on the drilling, look forward to what others say. I assume Zulu drilling must continue in order to build the RUS, but because we don't know anything and are kept in the dark, all we can do is guess.

Well spotted Jenkoo, that is definitely a newer rig, must be one of the 3 extra ones we got a few weeks ago.
Love the first aid kit on top of the wheelie bin LOL!

Decent update, but would be great to know where they are located in the EPO, how long they have been drilling there for, at what depth they are on now, if any mineralisation has been observed etc etc. I honestly don't understand why this is so difficult to communicate.

From what i understood PREM has a mining claim, which is the most basic form of mining rights.
The next step would be to apply to get a mining lease, which generally confers longer term rights and, i believe, allows one to build a mine.
Not sure about timing in Zimb, i suppose it could be a year, or faster with the right "political connections".
Happy to hear others with more expertise on this.

Very annoying these dark pools, zero transparency. Makes one want to become a trader and use these little swings and black print transactions to buy and sell as I do with AMC or hyped penny stocks.
Why are these increasing with PREM? Also curious to why volume this weeks is higher than the previous weeks? Is this just traders doing their thing or is there something we don't know about?

Look at us, running around like headless chickens, trying to put all these weird pieces of the puzzle together, left to our own devices by poor management and lack of a plan to come up with price targets, dates of completions, action plans etc. This is not the first time we are left in this sorry state and inevitably we squabble/discuss over variables we have no control over.

Like Acker, I also lost enthusiam for this stock, especially since Suzhou was announced. My money will go else where for a while as i have much more solid stocks in my portfolio that are performing way better. Heck, most of the other lithium producers are seeing great sp movement and making profits lately.
PREM is slow moving and slow progressing, I am in the green but no point adding more until they show me something real and not just jam tomorrow.

Just had a quick look at ALL and I get jealous of what they have achieved in the last 6 months. That type of price action, RUS, deal and comms is exactly what i wished for PREM.
How far ahead of us would you reckon they are? 6 months? 12? 18?

I am fairly disappointed, i learnt absolutely nothing in 38 minutes and actually came out with more questions and uncertenties, especially about the next results, steps forward, project plan and timelines.
I am afraid this 2022 will not be exciting at all. I feel like this deal has "put us on ice" for the year. The Chinese got a bargain as cheap as chips and as confirmed, Dr. Janitor won't be around much to support as the Chinese are more worried about finding new claims and opportunities across Africa for now rather than actual development. Probably part of their plan to dominate the space and in future better control the Li prices.
We should have sold instead of placing imo.

My new price target: p0.50-60 by Xmas

Thanks degrasse.
I am intrigued by the title, "Exploration to mine", look forward to hearing if there will be some kind of plan and a loose timeframe if they really intend to start a mine. Wonder also what else he will say in regards to drills and assay results.

I am glad they only bought what was originally intended. Now that the deal is fully confirmed and documented, as Acker said, phase 1 is closed.
Let's move on to stage 2 and i suppose GR will let us know what the focus will be during his interview.
If results and DFS progress are not the main focus, I can't wait to hear what is

Shares count and market cap have been updated

https://ibb.co/HzbTYWp