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Hey johnny, from what i understood these are 3 billion shares already bought, so we are theoretically gaining in value even though the float count increases.
If it were a simple shelf offering or a placing, then yes, new shares at current value get added for people to buy. This leads to dilution and sp decreasing usually.

In this case, from my understanding, the shares are already bought so adding more to the pile will dilute but with a higher price then the current one, which should push the price up.
But it's not what I expect, this is theory. How the market will react may be very different.
But feel free to jump in as I am confused as the rest, I may be rambling like a mad man.

In theory, once the 3 billion shares will be added, bought at a premium of p0.4, the share price here should initially rise to at least 0.4.
But with PREM, theory is one thing, practicality a whole other ball game.
Let's hope tomorrow brings a rise, then FOMO, then traders will sell, but overall, we close the day above 0.4.
Otherwise we will have confirmation that I am not the only one displeased with this agreement we made.

I used to be so excited and enthusiastic about this ticker....then we had to sell 13% of PREM, for a mere £12 million, to a chinese cleaning company. Hope Dr. Luo Wei is at least bringing George some anti static fibre and some worker boots.

I have my idea of what will happen tomorrow when the 3 billion get added but I'll keep it to myself and see if I was right or wrong. At least volume is picking up.

Timelines are muddled, i can't see us reaching 1p this year, however there is still some money to be made when results are released more frequently and a RUS comes along.
Then, after the 180 day monopoly jail time is done, we should be able to be free to make other deals with company that actually focus on lithium like Piedmont, RIO or Ganfeng. That's when I expect a re-rate again, the re-rate that i thought would have happened this Q2 by selling or signing with a major instead for an aspiring player.

For now, let's wait for:
- Confirmation of the 3 billion shares added
- Tr-1
- Results from the lab (GR, use your new found pocket money and expedite these ffs!!)

One last thing I would say, hope the comms improve again as they have taken a step backwards latelye, can you release some maps of how many drills are working, where they are located, and when you release results show us the bore holes on a map? Many other junior miners do this on twitter, but PREM.

Welcome to the Chinese party janitor!

Can anyone find info on Dr. Luo Wei? I can't seem to find any links or twitter or linkedin pages for him.
Please share if you find, thanks.

Let's see how the sp reacts tomorrow when the 3 billion shares get added.

Hey news, no problem. Thanks also for your posts lately, very informative, loved the idea for PREM to open other subsidiries, had not thought about that prospect for the future, would be clever.

In terms of the agreement, see from the RNS of March:
ii. An irrevocable right of first refusal for 180 days from the date of the Subscription to match any further equity or loan related funding that is contemplated by Premier, in particular any deal relating to Zulu, on terms no worse than those offered by another potential investor;

I don't expect any deals to come through, I expect Suzhou to "block" us from doing anything over the next 6 months unless they say so. Not ideal but it could have its positive effect (force GR to sit tight and focus on developing Zulu and EPO).

The next 2 weeks should be very informative.

Last week volume:
Mon 125mil
Tue 98mil
Wed 128mil
Thu 96 mil
Fri 128 mil

This week:
Mon 97 mil
Tue 45 mil
Wed 99 mil
Thu 31 mil
Today 152 mil
Obviously something is brewing finally.

As per agreement, by end of next week we are to hear about the signing and confirmation of the deal with Suzhou, about the addition of the 3mil shares to the float count and about the £12 mil received.

I assume sometime over the next 2 weeks we will hear more about results and the new board member joining from Suzhou. Maybe a TR-1? Maybe updates on the drilling programme?
I don't expect for a RUS to be announced just yet but would be pleasently surprised if it were.
But I reckon we have enough to look forward to to keep us busy throughout April.

Let's hope for the best as always, 1p is still achievable at some point, have a good weekend all!

Shareholder, 64 million so far with 34 million coming in just in the last 90 minutes

Last week volume:
Mon 125mil
Tue 98mil
Wed 128mil
Thu 96 mil
Fri 128 mil

This week:
Mon 97 mil
Today 45 mil

Social media chatter close to zero

Not sure about Rb37, it's such a rare and specific element that it does not have a major market bearing yet.

But for tantalum the 5 largest producers are:
Global Advanced Metals Pty Ltd, AMG Advanced Metallurgical Group NV, Pilbara Minerals, Alliance Mineral Assets Limited and Minsur (Mining Taboca).
Major countries mining tantalum are Rwanda and the Democratic Republic of Congo (DRC). Together they account for around 60 percent of global production. Also Nigeria, Brazil and China.
China seems to be the main consumer of it.

Suzhou TA&A already purchases tantalum from Pilbara and from AMG.

Roman, it's a hypothetical question, just trying to lighten up the mood, including mine :-)
By the way, RomanWolf, nickname because you are from Rome or are an AS Roma fan or totally unrelated?

Results are way too slow, no more covid excuses, we are collaborating with two labs, shocking neither seem to be supporting us.
Those cores do look good though, lots of mineralisation.

Question: if you were GR, how would you reinvest the non refundable £1.2 million?
I woukd expedite results somehow and potentially look into adding more staff on the ground and 3-6 more drills. That would send a clear message to investors that they mean business and that speeding up the drilling programme is indeed their top priority.

Yup, low volumes indeed:
Mon 125mil
Tue 98mil
Wed 128mil
Today 96 mil

In early-mid Feb we were flying at an average of 1.5 billion. Fingers crossed for the next catalysts, whatever they may be and whenever thay may be.

Hi longhaul, in a way its sad for GR, but yes, like i said, this may play in our favour.
I dislike the deal we brokered but in the end, all us shareholders want, is for the DFS to pick up the pace, more results to come in, new areas of the EPO to be explored, more rigs on the field and especially the SP to go up. The cleaning company may help us, and GR, get things moving.
That's the hope at least.

I agree Vetta, GR can go on being the face and voice, the new board member will be calling the shots, we will move only at their say so, especially over the 180 day period.
We can only hope that the new "board room janitor" speeds up this whole process for us as we are moving at a snails pace.
GR gave away power for £12mil....a sucker's deal imo but may work in our favour.

Cheers Jenkoo, appreciate your words.
I am actually more aligned with your timeframes and price levels now.
I suppose I hyped myself up too much, thinking we would close a deal with a real major, one like RIO for example. In my head, such a partnership would have led us to 0.6-0.8 on hype and word of mouth alone.

Apologies to others if I've been negative and depressing lately, i had a different vision. Perhaps this vision will come to fruition one day, it's just not as soon as I thought.

1p is still achievable!

Funny, i asked myself the same thing earlier.

Volumes have been shockingly low:
Mon 125mil
Tue 98mil
Wed 128mil

Only good day in March so far was Wed 9th with 1.1 billion but that was the hype and sell off from the cleaning company news.
Internet chatter about PREM close to zero.

I am not the only one who cares none for this "deal" we closed....still can't believe we sold a chunck and will add 3 billion shares to our float. And for what, £12 million? Still can't seem to see the overall positives compared to whatever else the other 13 parties were offering, hope time will mend my wound and change my mind again.

Thanks degrasse, very useful thread. Look forward to the TR1 as well.

Personally i would love to have a proper lithium producing major step in and put another offer for the remaining 50% on top of what we already closed with the cleaning company.
But i somehow doubt this will happen unless it's another chinese firm close to the cleaning company's chairman.
Volume these days also do not instill any faith in the deal we closed.
Fingers crossed but 1p by end of April seems impossible to me now. Maybe by end of year as the cleaners will be putting PREM "on ice" until the 180 days are over.

Hi curo,
I am also an interested follower of these topics having studied political science.
A chairman of multiple public companies can shuffle funds up and down and in between them with no issues of conflict of interest. Suzhou's website says absolutely nothing about its subsidieries, not a single mention of lithium. In terms of who our investors are, not sure how we would know yet the involvment of communist party members. The Chairman is very close to President Xi obviously.
China wants all the lithium as it is part of their strategy to dominate world markets so they can control the demand and especially the prices. Just like Europeans did for centurtues and the USA for the last 80 years.
No laws around conflict of interest, no financial nor structural transparency, state party involved in every step as all needs to feed up the ladder back to President Xi. Hard for us westerners to compete when we have so much more red tape and regulations.
We will have to wait and see who the new member of the board will be and in the medium term, how much Suzhou may block other investments to their favour (other chinese counterparts may be fine as it's themselves anyways) and lastly if they want a takeover of PREM and send the board and GR packing with a nice pension pay out. Like Vetta said, GR is no longer in charge. He will stay the face and voice of course.
It plays in our favour we retain all of Zulu and EPO for now, and plays in our favour that they need lithium. How will the market and the SP react to this across 2022 i am not so sure anymore, 1p is achievable for sure, i just can't tell by when anymore.
I would have prefered a jv or 50% or 100% sale of Zulu by this summer instead.
Stick around though, worth waiting and seeing.

So, 13% of PREM is now in the hands of Suzhou TA&A Ultra Clean Technology Co.,LTD. a China-based company principally engaged in the research, development, production and sale of anti-static ultra-clean products.

One of their many subdivisions is lithium and battery making. Very weird, but its China, this is how they operate.

The chairman of Suzhou is Zhen Hua Pei, one of the world's richest man according to Forbes, #161 worth $12 billion.
This is where it gets different for us westerners:
Zhen Hua Pei, is also the Chairman of Suzhou's own lithium subdivision, Yibin Tianyi Lithium Technology Innovation Co., Ltd. This is the company we will give 50% of our Zulu lithium to.
Zhen Hua Pei is also a major shareholder of CATL. CATL will be getting the treated lithium from Yibin Tianyi Lithium Technology Innovation Co., Ltd. and create EV lithium and sodium batteries.

Do i believe our DFS progress will be sped up? 100%!
I just find it really fascinating how China operates compared to the west.

I am now really curious which Chinese State Party man will join our board.