Member Info for Progress101

Hi Jonny

We must be on the same wavelength..

M

Hi Roman

Like I said in a previous post, I think the Rubidian angle for PREM to value is adding to their workload and delaying info from the bod...

Ive just thought of a geo political angle on PREM and that is that China is about the only friend that Russia has right now and they can trade valuable lithium with them so China's appetite for lithium might be great than ever?

Steward1

I hear what you say but certain types of investment can be immune for short term events, including war!
All the news around lithium / EV's / Battery storage is a longterm trend and shift so I can't imagine the PREM bod and a potential investor umming and aghing over the viability of an investment.

Michael

Thanks Milnrow.

M

Hi Folks

My AJ Bell (Youinvest) ISA account which holds some PREM is showing today's PREM SP at +4.12%.

I've noticed before that the time between the market close and the re-open sometimes shows a price which I've never been sure accounts for "after hours trading"?

Can somebody please enlighten me?

Thanks
Michael

Hi Folks

I have found a Lithium related article from Forbes dated July 2nd 2021 from Tim Treadgold.

This is entitled:-

LITHIUM PRICE TIPPED TO RISE AFTER WARNING OF 'PERPETUAL DEFICIT'

"If you're investment portfolio is not exposed to lithium, a key metal in the batteries which power electric vehicles (EV's), then consider the price effect on a commodity said to be heading for a "perpetual deficit".

"That remarkable description of surging demand for lithium as EV sales accelerates incorporates the second price driver, a lack of supply response from the world's major lithium miners."

Cheers
Michael

I can imagine the BOD trying to asses the value of the Rubidium asserts right now, adding to the silence!

Hi folks

As a news junkie, I just found out that Russia accounts for 21% of the world's potash market

With sanctions and an anticipated spiralling of Potash prices, this could be very good for Circum Minerals which is part owned by PREM.

What do people think about this?

Michael

Thanks Acker

That makes good sense in the context of things.

BTW I missed off a paragraph form the FT article today which is a real stunner and is as follows:-

"Rio Tinto reckons lithium demand will grow by 25-35% a year over the next decade with a significant supply demand deficit expected to open up over the second half of this decade"

Best news I've heard this week!

Michael

An EPO potential multiple of 2/3 time the lithium content of Zulu was mentioned in an earlier post which is exciting!

What if the EPO has a much higher grades of lithium? Will the assay results we are all waiting for include samples from the EPO?

Michael

Hi Folks

An article in today's Financial Times entitled :-

IS THERE A SUPERCYCLE IN METALS AND MINERALS contains the following excerpts

"BHP is not the only big miner looking to increase exposure to the metals needed for a huge increase in electrification. Just before Christmas, arch rival Rio Tinto announced its first major acquisition in a decade, paying $825M dollars for a lithium project in Argentina.........."

End of excerpts.

Michael

Oh, I forgot to add that the FT works in a 12 month period.

Hi Acker
I have a digital subscription to the FT and the search engine contains every equity in the world it seems. Most small equities don’t have a forecast but for some reason PREM does have. I think the smaller company forecasts are based on an algorithm. The larger ones have analysts poring over P&L’s etc so I don’t put too much store in PREM’s forecast other than it’s very positive!
The FT forecasts have a low, medium and high estimate which are all at 181.2%. Make of that what you will.
Hope that helps.

Michael

Financial Times forecast for PREM just upgraded to +181.2%

Hi Rookie

Sorry I overlooked your message!

Er, yes I believe that 1M purchase was mine!

Michael

Thanks Anth

A great evening was enjoyed by all. We started with a cigar called 'Punch' and finished off with a Bolivar.

Michael

Thanks Wraith

I am just going out for a Cigar evening organised by my local tobacconist at a local pub! I will read your report tomorrow and hope to be smoking Havana cigars on the back of a rises in BOR SP in the coming days!

Michael

Cheers Anth!

I am a big holder of PREM so I always have a seatbelt handy...lol

Michael

Thanks Gus for your welcome.

I am very excited for the future of BOR. We are in this together!

Michael