Member Info for Progress101

Hi Snowking

I am confident that a chunk of the £12m will be spent on drilling the heck out of the EPO. It will be fascinating to see what the mineral / geo-logical make up of the EPO will be!
Some say 5 X Zulu..

Michael

Hi Folks

just saw this on my newsfeed.

Hycroft Mining shares up 289% in a month after $52M investment by AMC. I hope this encourages all LTH in PREM like myself.

Michael

I don't know. It seems wierd.

Hi Alex

Thanks for your question.

Firstly my career has been spent on building a private limited company where the fluctuations and vagaries of the stock market never applied. I am relatively new to buying shares in PLC's and I am having to learn on my feet how the dynamics work.
The business I worked on had a P/E ratio of about 8-9 but in the PLC arena a PE ratio can almost be anything which is why I am excited about PREM.

My gut feeling is that given the whole EV / Battery shift within the next 1-3 years and that Ukraine's mega deposit of Lithium is off limits for the foreseeable future and that Serbia and the Rio Tinto deal is off, the Value of PREM could be in multiples of billions. I think to a large extent the EPO has to play a part in that. I have read numerous independent reports pointing to a perennial Lithium shortage so as the big players in Lithium mining chase the available targets with known discoveries of Lithium, the valuations for existing players will be eye watering!!

Also we don't know if China's government is "sponsoring" the purchase of Lithium miners.......its a huge geo-political thing right now!

The soaring cost of oil /petrol will help to underpin this trend I believe.

So in answer to your question (and I am licking my finger and sticking it in the air...lol) I would hope to see 0.5 to 1.0p on a RUS 2.0 to 2.5 on EPO RUS and 3-5p on mining in full swing.

I am happy for someone to challenge me on this or even shoot me down in flames but you asked me a direct question and i have been honest about my response!

best wishes
Michael

Hi Vetta

I think its worth noting that Rubidium is used in sodium batteries to make them more effective and Zulu / EPO may have a world class Rubidium deposit.

M

Johnny

I won't say that things could have been done differently in the past (and that might be a gross understatement), but taking a snapshot of where PREM is now against the backdrop of rising petrol prices accelerating the world's migration to EV's, wind / solar power needing to be stored in lithium batteries and the rising value of Spodumene / Lithium plus the "partnership" with this Chinese company and the unexplored potential of the EPO plus the £12M investment, I am pretty pleased and excited TBH

As I have mentioned before, I was involved in a business that started round a kitchen table and helped grow it to a multi million pound company with over 2 million customers and 50 or so corporate clients including many household name bluechip clients! I have seen how a company evolves and grows and changes and re-invents itself many times over and I can understand / empathise with some of the crass strategic decisions PREM has made. But I think we will all end up with a very nice slice of a humungous size pie and at the end of the day, isn't that what investing is all about?

Cheers
Michael

Snowking

I also fully agree!

Michael

Hi Folks

It look as though this incumbent Chinese company are big time players with VERY deep pockets. I am sure that they are ambitious enough to ultimately have the EPO. I think that at a certain point in the future, PREM will be drilling the EPO and providing a RUS to this new partner.

Michael

Hi Folks

I think we are forgetting something when we focus too much on GRR.

And that is the breadth and depth of the management team and the BOD. I have just revisited the main PREM website and looked at the profiles of the team members. Can I suggest we all do that for some extra clarity and reassurance?

Errico Vascotto

"Mr Vascotto is an accomplished and qualified Mine manager with more than 40 years of experience in the mining industry......"

Jabulani Chiasha

"A qualified Metallurgical engineer with in excess of 30 years of mining and process engineering..........."

Wolgang Hemple

"Mr temple is a seasoned Geologist with 27 years of experience in Lithium, rare earth elements as well as precious and base metals............."

That's all

Michael

Acker
I TOTALLY agree!

Michael

Hi Falky

Thanks. I will do so.

I am expecting Boris J to make some positive anouncement tomorrow regarding UK's oil and gas policies in the light of recent events!

One question / concern I have is the geographical location of the falklands in relation to customers / UK.

Cheers
Michael

VERY WELL SAID SNOWKING!!

Hi Bick / Acker

Regarding GR and his past history. I wouldn't fret too much. In my experience of building a family business up from Acorn to oak tree, we had a CEO really underperformed and but who took up a Non Exec role after he was replaced by someone much better suited and he went on to become a superb NED. Its all about having square pegs in square holes at a given point in the development of a business. I am not suggesting that there will be a reshuffle of the BOD at Prem but as Vetta alluded to, the "control" aspect of GR will shift and in a positive way........

Michael

Hi Falky

Do you mean "pounds" or is that just an expression?

Kind regards
Michael

Yeeeeeeeeehah!!

Great development guys!

A headline on Bloomberg TV:

LITHIUM SQUEEZE HAS SIGMA LOOKING TO DOUBLE BRAZILLIAN CAPACITY.

Michael

Hi Folks

Just had another relevant article come through my newsfeed via Energy Industry Review.

ROCK TECH LITHIUM TO INVEST 400 MILLIO EUROS IN A FACTORY IN ROMANIA

Michael

More info on CATL

https://www.catl.com/en/

Just thought I would add another paragraph from this EV article:-

"CATL officially starts building its $440M factory next to Tesla Giga Shanghai. The project with a total area of about 350,000 square meters will be completed and put into operation within a year. On Saturday it became known that the construction of the plant of the Chinese battery giant CATL near Tesla Giga faculty began.
This is expected to make it easier to supply batteries to the factory that produces electric vehicles to the world."

Michael