Member Info for Progress101

Hello guys

i have just purchased 1M BOR shares. I am very happy to join your forum (if you'll have me?)

michael

Hi folks
I know that GR's commercial savviness has been questioned by some of the posters recently, but I take comfort from NH's business acumen, experience and results in this industry.

Also the recent appointment of the COO is adding to my reassurance that the BOD will get us the best deal.

Michael

The Financial Times gives PREM a 12 month forecast of + 172%

Hi Folks

I've just been reading about the soaring prices of potash which is used in fertilisers!

PREM owns a slice of Circum which mines for potash.

Michael

Thanks for the chart!

Just watching Bloomberg news and Oil price is circa $97 per barrel. If Russia invades Ukraine prediction of $130-150 per barrel.

This is going to push people to EV's and that means more Lithium!

I haven't checked the Li prices today.........any news?

Today's announcement from PREM is super encouraging!

They are saying that drilling results are pointing to a higher than first thought (resource estimate)

Surely they can't fully praise the potential just yet of Zulu so I would say be patient and IMHO the longer it takes to drill / explore Zulu, the higher the asking price will be and that's got to be good for us all.

Michael

Hi Saab

Thanks for that.

I agree. PREM is a close to a multi bagger as one can find right now and that only question is how many bags!

Michael

Hi Wolf

Thanks for that info.

It seems that Zimbabwe mayl become Lithium central on the world stage and who knows where PREM will be on the league table!!. I do hope that they will be a dominating company in that space for years if not decades to come! I am looking forward to the days when (post JV announcement) a bigger vision for the company unfolds.

Acker has alluded to the vision of PREM opening a lithium processing plant and maybe we could add a battery manufacturer and battery storage plant highlighted in my previous post.

Cheers
Michael

Hi Everyone

I felt compelled to post excerpts from a report on Marketbeats to which I subscribe.

The article is entitled THE LITHIUM WAR CHINA VERSUS THE USA.

"Global demand for Lithium is expected to grow by 4000% by 2040"

"China is is also on the energy storage bandwagon. It plans to increase its energy from wind and solar 140% in the next decade and be carbon neutral by 2060. Energy storage companies will be racing to keep up with China's demand `and grab market share"

"For instance Volkswagen is committing $55 billion to electrifying its cars and SUV's - and like GM plans to produce only EV's by 2035. Today almost 40 manufacturers are making EV's worldwide. A lot of lithium batteries are needed to keep up with EV demand".

"As the popularity of renewable energy - solar and wind - continues to relentlessly rise, the biggest challenge to renewables remains. How do you store energy produced by sunlight and wind to use on calm and cloudy days and also at night?

A solution is energy storage batteries which are made from Lithium...and building huge battery "parks" like the one you see here"

"Elon Musk of Tesla fame is behind Moss Landing Battery Park in Monterey, California, the largest battery park in the world. Moss landing stores energy gathered from the sun and wind and transfers electricity into the nation's electric grid.

Stationary storage systems powered by lithium batteries are seeing record growth all over the world. Plans for new large scale lithium battery grids are underway in London, Lithuania, Australia, Saudi Arabia and Chile."

"Bloomberg NEF say that renewables combined with battery storage are already an economically viable alternative to building new gas peaker plants that burn natural gas for power."

"According to Sullivan and Deese's report, the US has increased renewable megawatt hours (MWh) by 240% in a single year thanks to battery storage systems. And lithium batteries accounted for 99% of that increase.

Over the next 2 years, the US is projected to become the largest global market for stationary battery storage. And by 2050, China and the US (in that order) are projected to be the top two markets"

End of excerpts!

I hope you folks find thus information and as a LTH of PREM I find all this adding extra reassurance!

Michael

Thanks Cransley

Interesting fact. Each 70 kWh Tesla Model S battery pack contains 140 pound of lithium.

Michael

Thanks Acker

Very comforting facts and figure for us LTH's.

Cheers
Michael

Hi Cransley1

I love your analysis and breakdown of the volume / lithium prices!

Just one question. Is that based on Zulu or EPO or both?

Michael

Thanks Acker

Michael

Hi

can someone please confirm today's closing SP? I am getting different readings from different sources!

Thanks
M

Hi All

If a deal is proposed will I get a notice through my Interactive Investor account?

Michael

I agree Acker.

I haven't flinched at all about this SP drop. PREM is now a more well known company because of last week's performance and its in the right space at the right time..........onwards

Michael

Boycey

Agree. I actually think that the momentum will be so big, a sell off will only make a small dent on the SP.

M

Also, just had a thought based on Acker's bucket list...lol

If PREM can build a refinery (they will have the capital to build one) they could act as a profitable refinery for any other Lithium miners in the region?

Michael

Thanks Jenkoo

If the fundamentals of PREM are superb and the longterm outlook for the company / lithium / EV's is stratespheric, then a drop in SP due to multi baggers taking profit is only a very temporary situation,

Surely the LTH's will do infinitely over the mid / longterm especially when dividends kick in?

Michael