Member Info for Redtrade

Hairy - yes definitely reassuring and I’m still waiting patiently not worried about anything at all yet Q1 still has around 9 - 10 weeks to go and early Q1 to me is sometime in the next 3 weeks, I can’t see an RNS coming today but however I do see one coming in the first 2 weeks of feb (yes that’s a personal guess not inside info) I do believe things have been slowed down by covid and then obviously Christmas and new year period but now we have the COO things should move smoothly with a helping hand, I still believe this year we will see a huge change in prem but for now let’s just await those results! :)

https://mobile.twitter.com/Premafrimin/status/1484460272731500546?cxt=HHwWhMC59Ziw7pkpAAAA

Not currently invested but been on the side lines for some time now watched it drop from 0.10 to 0.04, is now a good time to buy or could this keep going down? Any info from long term knowledgable holders will be appreciated, thanks!

What kind of SP predictions do you guys have if we get a JV and mine build etc?

Anyway we all know what the future could hold so let’s just hope we see the following.
Q1 - lab results, resource upgrade, update on epo drilling, RHA update, COO settling in

Q2 - update on progressing the deals, steady stream of lab results, more EPO updates and samples tested, SP increasing due to the approach of the DFS

H2- DFS (mid to late Q3), post DFS we should have greater resource than arcadia, plan taking Zulu forward, EPO showing good grades and progressing well.

That’s what I’m hoping for, I’m sure I may of missed a few things but it gives us an idea :)

Hairy - great post, it would be worth noting arcadia produce 70MT and Zulu without EPO is expected 80MT so Zulu alone is bigger, also the rise in Li is now above 50% since then which an off-take of Zulu alone will be $500mln+ so with that in mind we would see roughly 2p based on that alone without the EPO, we do need a JV which includes progressing the DFS, mine build and production, I think Zulu is just the beginning and the EPO will blow the minds of most investors, we are sitting on gold as well which will be explored once a team is in place to allow more time to explore the gold mines. Let’s just say I will be a long term holder as I believe as time goes on the SP will be increasing, I don’t like to put dates on predictions but this could easily reach $1bln mcap but that’s all down to how this year plays out and what deal is made :)

Hairy - how would you like to see prem play out, JV or sale? What’s your thoughts for the future?

Snowking - I enjoy reading your posts as they do give us an idea on how big this is going to be, also it is good to share each other’s views on what we think is going to happen. I agree a JV for 10-20% for roughly £10-15mln is a good play if the deal involves a mine and future funding as well as speeding up the DFS, I believe an offtake post DFS for Zulu will be roughly $600mln - $800mln based on resource upgrade and the price of spod continuing to rise at an unbelievable rate, I think after completion it’s all hands on deck with the EPO to progress as quickly as possible get that into production, as acker says Zulu could be the baby, we are yet to find mammy and daddy hidden in the EPO area which could dwarf Zulu. I see this becoming a great opportunity for all long term holders :)

My vote is JV, I’ve mentioned before that based on the previous interviews I can’t see GR letting go of Zulu unless the offer is far too great! I believe we will hear more on this in Q2 but I like how GR is looking for the best deal and not rushing into it, we need that stream of assay results coming in then the SP will rise especially towards the resource upgrade and DFS :)

Can we focus back on prem now, whether you are a small or large investor it doesn’t matter but we are all here for the same thing a bright future for all holders. Snowking and acker have both said their predictions which we will see how close they are when the time comes, we don’t have to pay attention to those predictions as we all know this is going to rise :)

this is the level to accumulate as many shares as possible ready for the big rise, good to see a rise like that with no news :)

Motherlode - what makes you think something is brewing?

I’m confident that we have multiple parties interested from all around the world to secure lithium, it is like a war to secure such an asset, the cost of lithium is only increasing and the demand will increase so those parties will want to be knocking on the door now with offers because the longer this goes on, the greater the price these parties will have to pay, it will turn into a bidding war as no interested party will just walk away. Q2 we will hear more on this situation but as for Q1 I believe we will get multiple assay results back, updates on the early findings of the EPO area and resource upgrade late Q1 or early Q2, the price of this will starting increasing on the build up of all this news and the completion of the DFS H2, patience is key here this is the year we’ve all been waiting for! :)

Lots of different scenarios here, GR knows Zulu is priority and I agree with acker that Zulu could be the baby as once we explore the EPO we could be looking at something a whole lot bigger than Zulu! Assay results did get delayed due to a new variant omicron which is completely out of GR’s hands, he will be under pressure from major shareholders to only progress Zulu before entertaining any other projects, let’s all just wait for facts in the RNS before speculating what GR is and isn’t doing, once we get the assay results back we then have proof of the Li grade, the resource upgrade will be coming at some point and then we could be looking at a great future for prem, remember we are only 2 weeks into January let’s see where this is at around April/May once we have the facts or results, resource upgrade and possible deals been made then DFS completion some point H2 ;-)

Acker - agreed, I expect a strong bullish day tomorrow finishing above 0.21 at COP and kenny to post “on the riser board” early morning. This is news we’ve all been waiting for it shows GR is taking notes and shows we are looking for someone who can help with progression along the way, a steady flow of lab results is what we need next.

Just to put it in the open while we are all hyped with news flow, we shall still expect a few quiet weeks of no news so don’t complain when news stops for a short while, also we will have red days along the way as this will be a bumpy ride but just remember the bigger picture is what matters, I believe it is going to be an excellent year for all holders post DFS so let’s all just share info and facts on this BB to help each other, as whether we like it or not we’re all in the same boat!

Iky - £500m you’d be looking at 2p+

Great day, as I said previously if we can get near or above 0.20 before news that would be an excellent position to blast through 0.25 resistance, nice to see the upward momentum plus huge volume today so with a little news I think this could be the last time we see this area :)

Hopefully we get above 0.20 before the news and then after news we test 0.25 again or blast through would be nice :)

We all know this year is going to be a good one, I don’t care about predictions only facts so as long as prem continues to produce good news and we all multibag from here then I’m happy to ride the ups and downs along the way, this will come good with a little patience :)