Member Info for stevenc72

Topu, my opinion is pretty straightforward, others differ.

If we get a partner for DFS, then we will all live happily ever after in time.

If we don't, we won't.

Good morning Snowking,

I applaud your optimism and faith in GR. I obviously have a different opinion on his capabilities. I simply cannot ignore 7 years of failure and dilution.

I agree that the sp could be in the pennies after DFS, but that assumes GR will get the DFS done. We will have to see, neither of us can state that it will or will not be achieved. It's impossible so we wait and see. IMO, History tells us that this is unlikely IMO, or at least will be subject to delay. I believe the chances of it being achieved in the stated 14 months are zero. As I keep saying, GRs track record on delivery is a matter for public record. Neither ramping nor de-ramping, just stating facts.

Focussing on the DFS, which is the immediate concern, the question remains how will this all be funded without a partner? Dilution, again IMO, regardless of how it is dressed up.

Further possible dilution for the RHA re-start (again) IMO.

I am going to ignore any talk of a further MNH stake at this point as this would be simply negligent until MNH accounts are in order. Directors should not be handing shareholders funds to a business that does not have a clear valuation. Simple.

I wish you well and good luck in the days and weeks ahead. I hope your optimism isn't misplaced. Let's see what the future brings. Longest running saga/soap opera on Aim.

Nothing like healthy adult debate.

I have the same view Steward1.

Whilst Snowkings posts are thought provoking, there is an inherent assumption the GR can bring an asset to production. Let's just park profitability for now for ease of conversation.

He hasn't brought asset to production in 7 years despite spending millions, millions and millions of shareholders money. He is, IMO, clearly incapable of doing so. I don't see how anyone could come to a different conclusion based on 7 years of publicly available evidence.

That is why we needed a JV for the DFS. Without it I doubt it will get done and certainly not in 14 months despite how quickly they start. 50,/60/70/80/90% of something is better than 100% of nothing.

And if that didn't/doesn't ring alarm bells, he has invested to obtain 19% of MNH without seeing the accounts should do. Beggars belief.

Snowking posted that next week will be volatile. I whloheartedly agree. I can't see him spinning another raise in a positive manner. Promises of future delivery and happenings won't go down well because we all know that invariably they simply won't happen. Make or break.

Very good at spending shareholders money and making promises. Not the best at delivery and keeping promises.

Acker, IMO if there is a hint that GR is taking a back seat or standing down, this will shoot past 1p very, very quickly indeed.

His history of non delivery and the very fact that he remains in post is now beginning to adversely affect PREM IMO. He is becoming a liability rather than an asset to PREM, although as Wolf pointed out last week, he deserves a little credit for securing the EPO. The question is can he do anything with it? History says probably not.

Look at what we have had here previously, all great assets with great potential. He has not managed production, let alone profitability in 7 whole years, despite throwing millions at it in an effort to do so.

Let's see what next week brings...

Chuggers you don't have to be sure or unsure about me. It matters not one jot to my life, your life, or as you rightly point out the sp here.

Only 1 guy can increase or decrease the sp here through his actions and thats GR. Everyone will have their own view of whether he can do that. Many would do well to take the emotion out of their trading/investing IMO. This is probably the cause of a lot of the ramper/deramper accusations.

Also worth remembering that everyone has their own risk appetite, cash and objectives for investing. I for example have circa 30k in PREM currently and it matters not one bit to me if it disappears in a puff of smoke/a negative RNS. Others will have more, some will have less. Whether a loss matters to them is a matter for them.

My view here on GRs competence is well known. Having said that, if the next RNS is viewed as positive by myself, I may add another 30k or so. At this stage, I am not expecting tk do that. That does not make me a deramper.

There are lots of opportunities and worthy companies to invest in at the moment. With better leadership IMO.

It will be an interesting week ahead. I wish you luck with your decisions and choices. I will be reading the next RNS very closely.

It is quite possible for someone to post on this BB and not be on one side or another. I don't see why each individual needs to fall into a "ramper" or "deramper" category?

Surely an individuals outlook can change as new information is discovered/researched.

Ineed it would be a very uneducated, unadult world if this was not the case.

When talk of a JV was muted as an option, I was very positive about the outlook here. When the RNS said there was an option to go alone, my positivity went sub zero.

Neither of these outlooks make me a ramper or deramper. Let's be grown up about it.

Zulu Lithium Private owns the EPO. Zulu Lithium Private is owned by Zulu Lithium Mauritius which is owned by PREM as far as I understand it.

I will be honest, I missed it Acker. Good spot. The next RNS will make for interesting reading.

To those who believe going it alone for the DFS is a good idea and its nailed on to be delivered in 14 months, here are GRs comments from a 2018 RNS (2018 the year, not 18 mintes past 8 on the 24 hour clock)...

"The Company will provide a further update on alternative strategies for the development of the Zulu Lithium Project in the coming weeks."

Note the word "weeks".

That was 3 years ago.

The man has form.

You may well be right Acker.

I can see it now. Consolidation of PREM and immediate dilution to raise for DFS. Shareholders will then get X shares in New Zulu Co for every XXXXX shares held in PREM post consolidation.

It will, as you say, be interesting.

Oh dear lord.

When you get it out next, it will be a "vintage".

"I'm resisting a JV at moment for the longer term benefit of share holders and we have enough funds to start DFS now".

Oh dear.

That's it. That's the post.

Thanks for the reply. I will be keeping a close watch.

Good luck.

Perfect summary.

If you believe what the facebook group posts, yes they appear to hold billions of shares. It does not make a blind bit of difference to what GR is able to do or not to do. He has the controlling majority.

Yes, of course. But with little power and zero influence.

Chuggley, picking out specifics like the circum example really is irrelevant here.

Gr has delivered nothing for 7 years+. His words, podcasts, interviews, purchases, dealings and failures are a matter of public record.

PIs are not the only ones privy to this info.

IMO if we choose to go it alone on DFS, talk of a JV for production is irrelevant. The DFS simply won't get done IMO. There may be offers of a JV, they may be great offers, but they will never materialise due to failute to deliver DFS.

That is what experience with this share teaches you.

The assets are good. The ability to get them to production, less so.

Absolutley not.

Two of those 3 have always been there.

Same question applies. Why is GR now all of a sudden capable of delivering, when for years, he has not been?