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Hi Wolf,
Totally agree on Zimb and personally i really hope they value UK and others more than China.
But in the end it's business, let's see how it unfolds.

There is some truth to what you say, China is making more moves overall than the West.
But the West is not idle, plenty of projects and investments going on, however not much in Africa, mostly in Australia, North America and South America.
Link below gives daily world updates plus lots more info:

https://www.globalminingreview.com/news/

In most of sub saharian african countries, China is definitely amongst the most influential and fastest growing though.

I thoroughly enjoyed reading that steward1, very well explained, i agree on the geo-politics and "winds of change" actually being in our favour.

PREM definitely needs to keep pushing on delivering pieces of news around rigs, progress in zulu, progress in epo, perhaps lay out a clearer plan of future drilling and obviously start releasing more assay results.
Comms have been greatly improved (frequency and quality) but "half messages" like rods on the back of a pick up truck should be clarified to specify if these are the old or new rigs. More clarity would be appreciated.
This should keep up the momentum so investors can continue to have confidence in the stock, ahead of what should be the BIG news.
Otherwise we may drift for a few days as we all know to well. Yesterday actually was the first day in Feb that felt to me like the usual "PREM day".

Feb has been amazing so far, March and April (and Q2 generally) should really be our golden period. 1p is achievable, let's go Zulu!

Yes it does make sense if that is the reason, protects us in case lithium prices keep going up wildly.
Cheers

Interesting, so when GR spoke about receiving investments in tranches, i assume he's using unfixed price with multiple price breaking agreeements?

Yeah down 5% on t212, without news i could see this drift to .42-.45 today.
Still, any day above .25 is fantastic, its still such a novelty for me to see weekly, monthly, bi annual and annual charts, all in green :-)
Would love to at least hear of the 3 drills though.

Article is long but important points:

"For the year we increased net sales by 11% to $3.3 billion, which was in line with our previous guidance. Adjusted EBITDA grew 13% in 2021 to $871 million, surpassing the upper end of our guidance.
Looking ahead, our outlook for 2022 has improved based primarily on favorable market conditions for lithium and bromine. We expect adjusted EBITDA to grow between 35% and 55% versus 2021, excluding fine chemistry services.
We are revising our lithium demand outlook upwards once again. We now expect 2025 lithium demand of approximately 1.5 million tons, up more than 30% from our previous estimates. Beyond 2025, we anticipate continued growth with lithium demand of more than 3 million tons by 2030.
In 2021, global EV production nearly doubled to over 6 million vehicles from 3 million in 2020. By the end of the decade, EVs are expected to account for close to 40% of automotive sales. When you look at last year's growth rate of nearly 50% and the auto industry's ambitions for a rapid transition to EVs, it's easy to see why demand expectations are so bullish."

Did you see who asked the questions? JP Morgan, Goldman Sachs, Citi Bank.....i have visions of PREM one day releasing such statements in front of such audiences, we can dream right?

Hahaha awesome! I look forward to watching this bad boy grow over the next years and develop into a monster company.
As long as you usual LTH suspects stick around, i'll be here too.
Bring on the 10p party!

I just hope we don't get fully bought out and watch PREM get disbanded, i am growing fond of PREM and GR, i trust they will pull it off and make us amazing profit bags!

Hey happy, absolutely, and the fact prem has stepped up the content and timing of their comms is fairly reassuring. Would be awesome to get results and/or confirmation that the 3 agua terra drills are on site tomorrow.

Acker, great post, factual. Golden Period, sounds perfect!
Yesterday you wrote something along the lines of "once PREM reaches full potential and fulfillment we may be at 10/20p."...thought that was brilliant, i promise if we reach 10p i will get t-shirts for everyone on this board with the PREM logo, that sentence amd your signature :-)

Yeah i thought about that as well, perhaps u r right, too much wood on the fire for it to go out now.
I honestly cannot wait for March-April period!

Hey SK, thanks for the reply. In this occasion i completely agree.
Hopefully we are both wrong of course, but i cannot see that type of news drop this month.

In terms of 1p by end of April, i can get behind that idea, much more feasible (IF we get an investment), but i stay cautoous as always.

On another topic, volume and social media chatter seems to be slowing down, any LTH foresee a small 1-2 week PREM drift while we wait for more news? Honest question cause I could see us stay stationary around this level until news takes us further. Not a complain by the way, anything above .25 is a blessing to me.

Can we have facts instead of half uttered rumours? Much more entertaining.

Also, SK, still expecting a jv to drop tonight or tomorrow?

Bick,

Sounds good, i would not mind:
- confirmation of 3 drills on site by tomorrow evening
- further results by Mon 28th feb
- March intro to our new COO? Strange he's been kept in some closet somewhere
- Buy out or JV news in March or April
- More results in March sprinkled here and there
- March news on new areas outside of Zulu
- March update on other elements we stumbled upon

At least in my PMO mind this is how i see the next 5 weeks. Hoping RHA and MNH news stay silent until Zulu is dealt with.
Lithium first!

1p is achievable, let's go Zulu!
Accumulate now cause Q2 it could pop!

Bick, get with the programme mate: jv today or tomorrow, 1p next week, 10p end of year. Isn't it obvious?
Let's just ignore that due diligence usually takes months, the fact that GR clearly stated he is playing a bit of hard ball AND that he ended an RNS telling everyone to chill out as it is early days.

On a side note, anyone know of the 3 extra drills arrived? And where are the other assay results?? You'd think Anzaplan would have at least let us know by now?
Hopefully next week...either results or 1p LOL

At over 1 million $ per tonne, if those are the required ppm grades, we just stumbled on an area with results that show an average ppm of 2275.
Lowest 519, highest 8241!

Cheers for that, I see more opportunities ahead!

Great summary Jenkoo, thanks.

Today has been action packed. And not only i enjoyed the improved updates from PREM but I also really appreciated the timing of these, especially after a weird day like yesterday. Strategy: nailed it!

Thanks for sharing Jenkoo, that deep purlple area south of Zulu looks gigantic $$$$

PREM has listened to its shareholders and majorly stepped up their comms, really good to see

This made me chuckle.

PREM will come good, i trust GR and the board to make the most sensible and lucrative decisions.

Imagine we owned a productive lithium mine within the 3.5km squared space of Zulu.
Then imagine other mines dotted across the entire epo.
Then imagine Ackers vision of a central refinery hub.
Then imagine where the sp would be......

How can any long term holder possibly sell now? :-)

Cheers for the reply SK, hope you are right. I am more inclined towards March-April as usually the timelines for negotiations average around 4-6 months and I always assumed the first negotiations started in Nov (late Nov is when GR told us first of the 13-14 companies doing DD).
But i look forward to be proven wrong.
Agreed that upcoming weeks will be great.

SK, if you trust what GR and PREM say to you and he talks of continuing as stated in the last RNS, then surely you would trust him when he ends his last RNS of a few days ago with:
"Shareholders should note that discussions with the Partner are at a very early stage and there is no certainty that there may be any final agreement, nor that due diligence will conclude successfully. Discussions also continue with other potentially interested parties. Further announcements will be made in due course as appropriate."

Just trying to understand why you believe jv news are due this week.