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Hahahaha this tweet really made me laugh.
Looks like the Tea Lady has begun her role.
I am not going to complain yet, let their news feed and twitter get "active" again, we have all been asking for some story telling.....at least it's a start.
We can only hope it will get better otherwise these tweets will tank the price while we wait for results lol

My favourite parts of the interview:

"I try very hard not to use the word imminent, i get criticised..." - Hehehe glad you read our messages GR.

"We are expecting results in the earlier part of Q1..." - Hopefully we get them this January but one never knows as respecting timelines is not this company's strong suit. Hope also the average grade of the 5 bore holes is at least 1.1-1.2% Li20 (0.9-1.6% Li20 range is usually the accepted industry standard).

"Another thing worth mentioning is the extensive M&A activity (mergers and acquisitions) related to lithium projects around the world. And even though we have no concluded deal with anybody and have self funded this project up to now, I don't know how much longer we will continue to do that, there are so many significant conversations happening in this space..."- This is the most exciting part for me and the one i believe will see our SP finally rise. It's what we have all been waiting for, and GR can then receive more funds to do new explorations as he so much enjoys (new sections of EPO area, gold etc.)

I am staying conservative on the timeframes as, like stated above, one never knows with PREM, but i believe firmly that this year we will be rewarded for our patience.
Zulu must be the only focus for Q1 and Q2, all other projects are miniscule and non profitable compared to the Zulu project.

Oh, and GR, can you try to improve the comms strategy and delivery this year? Your interviews are great but an online PR person could do some real good and drive shareholder confidence while better managing expectations. Cheers.

Hi kenny100, your second link is useful as it supports the map Redtrade posted earlier. Stepout zones look rich in minerals.

Hey happyhols, that's exactly my thinking, let's see how it actually plays out though. But very exciting indeed.

Looks like no .2 close of play today though, but still a good recovery from .15!

And on that note, happy new year to you all with wishes of PREM profits for us in this 2022! (Hopefully sooner rather than later)

Hi Dazed,
Zulu is 3.5km squared, EPO granted in March 2021 extended this search area to 205km squared.

GR highlighted that the EPO area contains further known lithium-bearing pegmatites offering upside to Zulu, as well as historic small gold mines, potential molybdenite and many tungsten mineral occurrences within the area.

Multiple minerals, new strike areas, a huge piece of land, Fort Rixon Gold belt.....we may need multiple stakeholders to participate in this beast of a resource.

Personally i would divide the area in different quadrants, explore them one by one as i deal with interested parties for the sale or jv of the previous confirmed quadrants.
That would allow income to flow in steadily across the next couple of years. Hoping PREM plays its cards right.....

You've been reading my mind this morning Acker, been wishing for a .2 COP as well and re-reading on the dates of EPO, DFS and size of the entire area is exactly what i did when i woke up.

EPO - 3 years long until March 2024
DFS - 14 months until May 2022 (expected and forecasted)
EPO size - 205 squared kilometres (almost double the size of Liverpool, one 7th of London)

I am salivating at the potential prospect of multiple JVs and offtake agreements, multiple mines, multiple minerals etc....

Oh wow you are both very optimistic, love it. I tend to be more cautious as i could foresee negotiations and bids going on for another few months before GR approves one. But as you say, we don't know how far in that process we may be already so you may very well be right.

M_Night, I have no doubt results will be in soon, i just don't see the SP take off because of these results. Maybe a 15-20% increase.
However, they will lead to more visibility of Zulu's potential and will confirm to interested parties what PREM has in its hands.
What comes after that is what should make us fly.

Hi Snowking,
good article indeed, cheers. I liked the table of acquisitions and enhanced productions across 2021, it puts things even in better perspective.
Seems like China was involved in about 50% of these transactions.

I have a strong feeling that PREM will be present on such table for 2022.

Q1 accumulate and Q2 watch it fly? Might be wishful thinking but I am a believer :-p

Hi Jamgoo,
I thought it was pretty obvious you had written it, also cause you copy-pasted it on this BB in 5 parts a few hours before degrasse posted the blog link.

I really liked it and its a fantastic summary of all facts from the last 6 months. It should really help the doubters and new joiners understand the potential of Zulu and the massive opportunity for us investors to bag some profits.
Glad you are back on this BB regularly.
2021 was a bit painful as the SP went on a 9 month drift but I have no doubt 2022 will be massive for us.
1p is achievable, c'mon Zulu!

....wish you all a happy holiday and festive season!

Thanks to all the contributors on this BB for their support and for sharing comments and ideas.
I am certain 2022 will be a much better year than 2021 for PREM. Zulu is a beast and will sort itself out, it's too good to pass on. Personally I hope to see a good old bidding war in Q1/Q2 for our lithium.

I will unplug from all of this for a couple of weeks and enjoy family and friends. See you all in the new year! :-)

1p is achievable, let's go Zulu!!

We open champagne bottles! Lol

It all depends on the terms of the buy out:

- If its an all cash buy out, your shares go to 0 and you get given cash based on the new value of the shares
- if its an all share buy out, your shares will be replaced by shares of the company doing the buying (rarely at a 1 to 1 ratio)

Either way, investors usually come out with a profit after a buy out.

Bick,

I kind of disagree. Some grades have returned already, and at a 35% lower grade than what LIBS said. Either way, whatever results have returned so far have had zero effect on the price. Official results imo will do nothing.

Drilling progress, we keep moving forward and updates are provided, still no reaction from the price. More drilling won't cut it. Also I believe Zulu will be JV'ed, partly sold or fully sold well before the completion of the DFS so how much more we drill does not make much of a difference.

Comms, as much as I hate the lack of news, I don't see how improved or more frequent news will impact the price. Once again, we have been receiving positive news for months (you say unverified but the LIBS exists, the grades are there, the intersections are there, the step out zones are rich...)

MNH, i hope you are right, anything but Zulu is useless to me, but I don't see a direct link between that and the SP. But here i really hope to be wrong.

To me the only catalyst that makes up pop is a JV or buy out, the rest we might see a 25% only to see it drop back down again as it has done the last 15 times since March.

However, the patience test continues, hopefully 2022 is kinder to us. Zulu is too rich to go umnoticed any longer. But then again the "ghost of RHA past" of 2015 is a reminder to not get too excited yet.

Again, i've seen crappier stocks with no product or sales squeeze or rise steadily.....

Cheers Damian, I agree with you on pretty much all points.

Why do you think the share price keeps dipping even though in the past few months we have had good news after good news? (Quality, quantity, labs, LIBS, international interest etc).
Kodal, PHE, or any other AIM or OTC stock, by now would have at least had some type of rise or mini squeeze with all the positive catalysts we have had since June.

And lastly, what do you think will actually make the price shoot back up again to 0.3 or above?

Personally, besides new qualified hirings, new investors with a JV or a full buy out of Zulu are the only things that will attract interest. The rest, as you say, it just seems like a rehash of what we already know.

"We have a LIBS!"....price goes down
"We have these high grades!".....price goes down
"We found new intersections!"....price goes down
"We have no debt!".....price goes down
"We may be interested in expanding older projects!".....price goes down
"We have a second rig!"....price goes down
"We have a third rig!".....price goes down
"We have an onsite lab!"......price goes down
"We have sent the results to labs!"....price goes down
"We have recalibrated the LIBS!"....price goes down
"We have international interest from key players!".....price goes down
"Spodumene and other asset prices are skyrocketing!".....price goes down

Besides the granting of the EPO in March 2021, what the hell is going to revive this share price?
The more we progress the lower this goes. It's puzzling and counter productive to say the least.

Hence me hoping for more investments, skilled hirings or a jv. I see zero other catalysts that will actually have an impact over the next 6 months.
Do you?

Red, I don't disagree, as a project manager, trust me it is so frustrating watching them fumble the ball all the time.
But i agree with the overall sentiment that removing GR right now may be deletarious for us.
Plus I am currently down 25%, impossible for me to consider anything else but averaging down and/or holding.
So i got nothing but time and patience, only been with Prem for nearly 10 months, some here have been in this since 2014, so I can't complain too much.

The level of the current price is an abomination though, we should be sitting comfortably at .25 with all the good news released in the past 4 months. There are penny stocks, with basically no product, that rocket on just a hint of JV. Us instead, the more drilling we do, the more grades we find, the more interest we get from abroad, the more the price goes down. I am puzzled.....

Acker in bullish mode is fantastic to read.

My personal take is:
- LIBS, the difference in grades is fairly large, their first calibration was a fail. But at least now we have a properly calibrated measuring system so, I HOPE, we see more independent results being tweeted in the near future
- Placing, whatever, it is not a surprise for me. Just strange to allow the sp to drift and do it now as .16, then again obviously GR knows a lot that we don't know (parties he's been speaking too etc)
- COO, what happened to this great idea?
- MNH, the less i hear the better
- PR person, was that just a dream or is it actually happening? Because PREM really needs one
- International interest, at least to me, this is now the only real topic of major interest and only true and potential catalyst that will make this share price "rocket"

All in all not bad, i hope PREM can work out the best possible deal for us next year so still hopeful for the future.

However, we are sitting at .155, do you see anything that will help us get back to at least .2 over the next couple of weeks? Maybe news on putting MNH to bed might provide more confidence?

1p is achievable, c'mon Zulu!

I never thought i would ever see the 0.16s again, this is brutal.

This comms silence from PREM is killing momentum, sending the SP on a heavy drift and mainly frustrating the hell out of all investors.

Fingers crossed serious news/updates arrive this week cause this is turning out to be a bad xmas present so far.

Agreed, this is why i am no longer worried about "having to complet the DFS in time" anymore.
I trust that interest and investments will arrive before the end of the DFS timeline. 2022 must be the year for PREM!
Can we reach out to Mr. Herbert?

Very interesting article, thanks for posting.

"Atlantic Lithium has recently increased the JORC 2012 compliant mineral resource estimate at Ewoyaa by an impressive 47%, to 21.3 million tonnes at a grade of 1.31% Li2O."
Wow they have really high grades.

We can only hope that a giant like Piedmont finds us!
Come on PREM! Release the news! Release the beast!!

Dazed, your post, and today's dip, made me do something i had not done in 6 weeks....buy more PREM shares.
At least my average is 0.205 now, same as my starting point when I bought in Feb/March 2021.

Fingers crossed for news this week or next and that the market digests this news well.

In the last Stockbox interview at 9:00 he mumbles "if a machine breaks down in the lab it is out of our control" and then explains that when results do come in they have to be "sorted out, tabulated, put in perspective etc etc".

Maybe the lab is having delays. Maybe PREM is slow at their RNS preparation. Either way I really hope we get these results before year end.
It's not like i believe the SP will rocket when results come back, it's more that I want to put these and the recalibration discussion to an end, so next time the LIBS might actually do its job as it was intended originally back in Aug/Sept.

P.s. some of these Tea Lady comments are cracking me up :-)