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0.391 on Trading 212, awesome start

Great day, beautiful week, unbelievable last two weeks, phenomenal 2022 so far!
Let's go! This is OUR year!

Good find, elections next year, hopefully more continuity on this philosophy

Right...so bikita mines got $180 million for 29 million tons estimate.
Is it safe to say that as of today we are worth, in comparison, at least $700 million?

"It is said that the collectively discovered reserves of lithium ores in the Bikita lithium mine reach about 29.4 million tons"

Kenny, how many millions tons is PREM sitting on?

Zimb has been making a killing with their natural resources lately. Good sign for us, they are indeed open for business.

Very clever thread!

Am I the only one to think:
- Sell all of Zulu
- Move on to the next 3.5-5km squared area and explore
- if that area provides results, sell it 100% and move on to the next 3.5-5km squared area
- Rinse, repeat, until EPO is completely checked

In the mean time we will have stumbled on other elements like gold within the EPO, and start dealing with those along with the spodumene.

I would tackle it like an Agile project (project managers know what I mean), deal with one section (sprint), close it off, move to the next one etc.

Fantastic post jamgoo, thanks for sharing. Agree on all points.

That is very quick development, Prospect wasting no time. With an off take agreement with belgian giant Sibelco. Arcadia got a sweet deal.
And our EPO area is larger.....

Kenny, by the way, you've been doing some top notch research lately, thanks

Decent interview, first two parts were just a rehash of the RNS but last part was good to hear GR talk openly about not wanting to sell it all, a JV and a functioning mine.....seems like he has his plan and intends to stick to it, and i believe the old fox will pull it off.
I am not so confident that things will move as quickly as he alludes to though, but lots of positive catalysts for us investors to look forward to over the next 3 months.

On another note, i've never passed 1 week straight in the green with PREM, i keep looking at my account in awe and disbelief, love it!

I totally missed this rubidium mention....share price of it has been steadily moving up in time.
Seems like usage is limited but still a semi rare and expensive element, rubidium carbonate salts are commonly used in EV lithium-ion batteries.

Can't seem to find who digs it and manufactures it though, intriguing.

Hi Acker, agree with you about the good RNS.
The unwarranted hype was all this social media frenzy of the last days. Many newbies bought on hopes for a buy out or jv so bought in without knowledge.
GR started his last paragraph with "The Board has also noted the recent speculation regarding possible third-party interest in Zulu" and continues 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."

What I interpret is: Everyone chill out, we are only in serious discussion with 1 Partner, we signed a HOT, others on standby, may or may not happen and definitely ain't happening this week or next"

Like I said, good things will come but the rise of the past days was mainly hype and anticipation. The REAL catalysts have yet to happen.

Long term holders have nothing to lose and only to gain by accumulating and waiting.

Traders have made great profits these days.

Lots that were stuck above .25 for at least a year sold and took their money back.

Newbies that jumped in now because they thought a sale or jv was imminent will be disappointed by the closing paragraph of yesterday's RNS and don't care of the 2 bore hole results. They are probably selling today.

Too much unwarranted hype lately and the RNS, as much as i liked it from a LTH point of view, was a bit of a cold shower on rampers amd GR felt like telling everyone to chill out as it is still early days.

But next few weeks/months we will get the real news and results and those whom will have sold will miss out.
Stay patient, good things will come!
A great day to all

Thanks for the breakdown Bick, i liked the results, the action points of bringing on board new resource and forward thinking points of the RNS.
I agree that it may dampen the enthusiasm of these past days in the short term, i believe it was intended to do exactly that, investment news is not around the corner and not a sure thing.
Q1 accumulate, Q2 watch it pop :-)

Hi SK,
Thanks for the summary.
Had to read this RNS multiple times as there's lots going on.
Have a few questions for all:
- RNS displays results for 2 bore holes, where are the other 3? I assume lab delays but not sure if i missed something.
- With 3 rigs seems like we were digging more or less at a pace of 1000mt per month. Now that we gained 3 more rigs, can we assume that output will directly double? How would 6 rigs affect the completion timeline of the DFS?
- Silly question but companies can sign multiple non-binding Heads of Terms ("HoT") at the same time right? Just thinking in case we get other Partners wanting to progress talks as well.

Personally, i really liked this RNS, very forward thinking, writing style changed (COO intervention perhaps?), glad he ended it the way he did, an investment may or may not happen, at least they are managing our expectations a bit.

I see lots of news flows in the next 6 months, step out zones updates, more results, investment discussion progress, new strike zones found etc.

And those lithium results are great, very marketable quality!

PREM is starting to put on big boy pants!

Cheers newbee007, i joined exactly 11 months ago as well. I never sold a share and kept buying chunck of a few thousand shares almost each week. That sacrifice and patience is now paying off.

It's a marathon not a sprint.

Hey Acker, may i ask the rationale behind this? Are you looking for a higher platform base?
Are you expectibg the results to have a large impact on the SP?

And lastly a curiosity, when do you think a JV RNS will drop? Feb, March, April or later?

What an amazing start, second week in a row.
I have been trying to spread the news on PREM all over the place, got a few new investors in too.
It's been gaining momentum on social media.

All we need is a spark to get this to explode, like a good RNS with results.

Also really nice to see new investors on this board, also to see those that had left PREM in the past and are now back. Welcome!

To all the LTH, thank you for your patience, perseverance and DD as these supported my journey through 2021. Now that patience will reward us.

1p is achievable, c'mon Zulu!!

What an amazing start to 2022 and a great week it has been!

Been in the red for the better part of the last 11 months, now I "worry" of messing up my 0.204 average if I buy more....what a luxury problem to have :-)

Let's go Zulu! The patience is finally paying off!

Acker you should read:

China's Second Continent: How a Million Migrants Are Building a New Empire in Africa

The Dragon's Gift: The Real Story of China in Africa

I don't mind whom invests as long as the offer is substantial and they have a good track record in mining.
It's true though that politically, in Zimbabwe, the Chinese would fair better....after all, Chinese loans to the African continent exceed $140 billion.

RNS tomorrow? Fingers crossed for some assay results soon. 0.25 should be around the corner.