Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Very true Go. No threat of legal action is a huge bonus and that was keeping the share price down before.
World class grades incoming in the imminent RNS and I envision significant upside from here as big money then piles in.
Any word on mining licence and new offtake timelines?
Bad news is out the way (aka delay) and priced in. Mining minister appointment is a good sign.
So I can see buyers taking advantage and taking this up through this week as new minister will probably want to check of any outstanding work on the double.
"and not until the 11th hour did he admit the project was running out of cash."
Not necessarily true Acker. RNSd in March may need funds. Raised in May. Now we need to make first shipment to get the ball rolling and Zulu makes a profit for the company.
Not happy about over promises though. That's the reality of mining and reality of starting up a large operation. It's a slower ramp up of walking before your sprint as we now know.
More like low grade small scale petalite producer!
Cash ready, finger will be on the buy button dead on 8!
Usually the board put in £10-30k from experience, so hefty chunk of wonga there in comparison.
JV and offtake news probably around the corner too. Would be at a massive premium to current share price as the buy in would be at or over the 12 months high, which is 90p+. ;)
I can see the Chinese are aggresively buying the best lithium projects across African countries. Atlantic is no doubt one of the finest.
With previous interest to acquire mentioned, how long until a take over offer comes in?
£1billion minimum I would guess.
Looks like Colins other baby, African Pioneer is going somewhere at least going by the recent RNS. Non equity funding about to drop and looks like he's taking it to producing copper. Wish he'd have the same urgency with this one!
Share price is following the 2-3 year pattern, strong rise up to a new high, retracement, consolidation and stronger move up to further high.
Am not surprised with the market capitalisation remaining so low and some significant news in the pipeline for next couple of weeks.
2pence and then 3pence not far from here.
Dazed I was watching big sells go through at 0.17p a little over 12 months ago, there loss as they missed out on a 350% return from that point.
Another 350% from here would do us holders nicely.
ACKER - seen a pattern mentioned before of George dropping news typically day after a big Stockbox session.
From 0.05p to 0.7p: rises up massively, spikes, retracement, consolidation, bigger rise up to new high - rinse and repeat.
Recently the price seems to be consolidating much closer to the spike point, implying less shares in the free float and reduced amount of selling and good accumulation higher up. Price doesn't swing down as wildly as it did in the past and looks much more stable, MMs happy to absorb big sells and any dip seeing buyers chomping away. Makes you wonder if insti's are now accumulating.
That's my view on how PREM has moved in recent months and years with less explosive news then what's coming this year.... I look forward to the continuation of this pattern throughout this year and next.
Cosmonaut, you should note Sayona mining has over a £1billion market capitalisation on producing just 1,200 tonnes of spodumene.
PREM could well produce more than that this month, maybe up to 2,000 tonnes and the market capitalisation is only £150mil.
Which is why this share tends to move up more sharply on significant milestones as it is moving off a much lower valuation.
In my opinion, if you believe PREM will produce in the coming weeks, it is bonkers to sell when the value has so much catching up to do.
Good RNS, Kodal also due a few big RNSs, with production sooner, mining licencce in place and moving of a lowly £65mil market cap...
My conspiracy theory and prediction: PREM will become a lithium producer this month and one of the only ones on FTSE markets.
You heard it here first.
I'm loving the comms, both social and RNS. Seems clear enough to me that if there was a hold up they'd notify the market, which they haven't, which means no hold up getting production started this month. This was stated as such only a few short weeks ago. If there was a short hold up it wouldn't bother me, as the wait to get to this point has been long.
George and Stark give me an air of calm and confidence that all is to plan, which is to make Zulu into a lithium production facility.
Whilst the market capitalisation is this deflated at below £500million, I would not be surprised if opportunist major companies come and test the waters here with a buyout offer - maybe 200-300% premium to current share price.
I personally hope shareholders reject any offer to buy below 3.5p, as it would be a serious rip off.