Member Info for Progress101

I will make a prediction the the SP won't drop below +15% today until COP Friday.

Hi Jenkoo

My gut feeling is that the frenzy ahead of JV will keep the momentum going. I understand that people are thinking this is as close to a nailed on multi bagger as one can get!

michael

Thanks Acker

Yes I am stoked by my short PREM experience! I definitely have a LTH mindset on this one.

I am thinking about dividends in the future all well.

I am still pinching myself that I shifted away from funds to the AIM. I think the turning point was when my Fundsmith went into the red and inflation was a real headwind.

I bought PREM at 0.27 so when it hits 0.54 I will have a one bagger....lol.

Cheers
Michael

I would hop for 0.60 by cop.

Good Morning!

Hi Jaguar

Wow! what a day! I am PREM since last Monday with 100M+ holding and I am now a LTH.

Michael

up 21.95%

I didn't

Okay chaps.....stand easy......fix bayonets.......move forward 3 paces........on my command.....

I have buttefrlies in my tummy!

There is an article in today's Financial Times entitled :-

WANING STOCKPILES DRIVE WIDESPREAD GLOBAL COMMODITY CRUNCH.

The last 2 paragraphs of the article is re-written below.

"Supply crunches are also looming in other markets. Citigroup reckons demand for Lithium, a key battery raw material, will outstrip supply this year due to rising sales of electric vehicles.

"battery grade Lithium carbonate soared more than 400% in 2021 to above $50,000 a tonne. With limited inventory, analysts at Citigroup believe "extreme" pricing will be needed to "destroy demand" and bring the market into balance"

Michael

Hi

My initial thoughts are that it would accelerate the move from fossil fuels towards battery power and that lithium will play a major part in that.

Michael

I am also excited about tomorrow.

i am trying to think of a military metaphor to describe 8.0am. I think the charge of the light Brigade might be the best...lol

Hi Jake

There are a lot of us throwing out an ideal SP with perhaps a view to sell out and profit take. I've only been in PREM since last Monday and as I watched the SP move up and down throughout the day I always said to myself " Anywhere between 5-10% and I will be happy"

My hopes and expectations this week and maybe for the next month is " anywhere between 7% - 12%". The point being that I am not focussing on some mind blowing rocket ship % gains in spikes but just a steady and significant, day after day progress.

If it happens like this then before we know it we will be in paradise....lol

Cheers
Michael

Hi folks

Has anybody factored into the valuation of Zulu and beyond the quality grade of the Lithium? If the tests comeback with phenomenal grades, this would be a game changer?

Michael

Thanks Steward1

A fantastic post and you have managed to get your arms around a lot of the issues involved in PREM right now! It's as if you have thrown a large number of cards on the table for us all to look at and consider which is very useful in the timeline of things.
I appreciate the nods to me (Progress101) and I believe there are more people like me than people may realise.
I never got into PREM to buy in and out of the dips. I saw that the fundamentals of PREM were spot on. I think you are right about people waking up to the Li being the opportunity of a lifetime and now that the Covid factor is thankfully subsiding, people are looking to future horizons and trends and markets.

We must think alike because I was focussing on the potential dividend income from PREM moving forward. it could be colossal..!!

I am sure your excellent post will draw out more thoughts from me and others very soon but cheers for now!

Michael

Hi Chris

Are you saying that you bought multiple tranches but they average 00.027?

Hi Acker

LOL...........I was thinking the same thing! Since last Monday I have been setting my alarm to witness the 8AM madness! I might have to have an all nighter on Sunday with a 6 pack of Red Bull....lol.

I've just seen last Friday's share price published as + 23.14. I believe the common price increase was + 21.66.

Does the first price reflect after hours trading?

Now that Mr Mugabe is no longer with us!