Member Info for steward1

Here's hoping that the next RNS is talking only about Zulu test results with the half year report to follow at the end of the month.

As mentioned elsewhere, I think the test result RNS (coupled with the increasing spodumene price) will give the market greater confidence in PREM and GR, and, therefore, we should see a much higher sp... with a higher sp, the cost of accelerating the DFS and extending to the EPO area will be much less.

GR needs to avoid anything that would be a drag on the sp, eg MNH and/or RHA and/or any other acquisition.

The next round of funding should then come in October, I hope, with more detailed info about the DFS plan and how the EPO area will be handled.

Things are shaping up very nicely - just need to get these test results out and we need GR to navigate a path that does no harm to the sp.

Have to say that over and above anything else I'm wanting test results first... if they're positive, as we expect them to be, the sp will have a major boost. The rest of the funding for this year will be less dilutive and GR may then be encouraged to bring more rigs onsite to speed up drilling. I'm already of the view that the DFS is delayed, as are most others but I reckon if the sp had been much higher then we'd have seen more progress... ( and I'll just highlight the importance of not doing anything to trash the sp like spending on MNH, for example).

It's PREM, Dazed... nobody believes anything! However, it's not rocket science to work out that we've been waiting for weeks and GR has said that there will be test results this month... could drop any day.

PS I'm not prone to ramping/pumping PREM... quite the opposite in fact... but the big recovery in sp is not far off now.

shareinthis - I think I used the word "speculation"... check the meaning in the dictionary... no factual information intended!

johnny - yes, beyond the first set of test results, it would be good to get frequent results.

Lots of speculation that there's already been a leak and that the test results are stonking!

Snowking - I imagine that they had built up a number of samples waiting for the test lab to get up and running so will want to get those tested before announcing the test results... could be any day now. I'm speculating that some leak of the early results has already happened but equally I think there's been quite a few investors sitting on the sidelines waiting for the right time to jump in. Seems that the time is now. As I've already said, good results should see the sp head well towards 0.5 and excellent results should see us fly.
Here's hoping that some of us long term investors start to see Zulu being realised!

Johnny, the sp has risen but there's not been much evidence of a "pump". There's no-one plastering the boards with unrealistic comments or views. I think news is due and folks are taking their positions. I'm hoping for 0.5 by the end of the month if good results are published and 1p or above if the results are very good.
Results could be published any time.

I'm expecting the buying to continue until we get the results and the sp to keep rising.

Positive results and you can bag from here in short measure. Very positive results and we'll be flying!!!

johnny - yes, I feel the same. The sp is well below where it should be at this stage. I think that it's partly historical (PREM's previous record) and partly the other asset baggage. I reckon that the next step up for the sp is not far away... in the end, the assets will speak for themselves.

johnny, PREM seems to be particularly leaky so I fully expect news (to be leaked) any day now. Other factors are that if JG wants to get to 10% then he needs to speed up his buying and I'd suggest that, given previous interest, there are a load of folks sitting on the sidelines who will begin to take positions on the prospect of getting positive test results.

Somewhat quiet here but I suspect that GR is busy, busy. Not only have we got the test results to look forward to but we also should have a half-year report at the end of the month. I'm fairly confident that the test results will look good. Volume seems to have dropped but I think it will head back up as we approach the end of the month and I think the sp should follow up as well.

Snowking - here's something bullish that you missed (and, yes, I'm sober), apart from the lithium, there's a huge bonus potentially with additional precious metals... it might take a while longer to identify and then realise some benefit from them but here's hoping that we'll get some tasty news on this over the next 6-12 months.

waynesplash - some of us think the sp should be above 1p now... if you've not seen some of the work done by others (eg Tedoby) on how much lithium is in the ground then I strongly suggest that you read it. 1p should be achievable prior to the DFS. If all goes reasonably well with Zulu and PREM retains 100% ownership then this has the potential to reach 5p on Zulu lithium alone and then there are all the other precious metals to be identified.

Johnny, I wish I knew but I suspect that, rather than placing big buy orders and letting the market know what you're up to, he hoovers up the sells and also places smaller sell orders when the sp is moving up. I've been out of the FS industry for a good while now but I also suspect that there are very sophisticated bots now that can set a pattern of trading to change the direction of an sp. PREM is an ideal share to apply one of these because it's highly unlikely at this stage that you would have a competing bot running against you... of course, there's all sorts of other factors (including positive and negative updates) that can disrupt your process but it's possible if you've got the money.
Of course, it's also possible for a number of individuals working together to move the sp either way.

Chuggley - no, I want progress and communication.

We'll be getting some assay results later this month - tbh, not sure if that means they're from the onsite lab or the German one. This either means that the lab has been released from customs and is on site, or GR has already sent samples off for testing - either way, it's good news.

Let's hope we get a proliferation of news on Zulu for the rest of the year - a series of positive test results and more rigs should see the sp motor on to 1p.

As for the DFS for the EPO area, I think GR is looking for the sp to be much higher before we get a plan and costing for it (not unreasonable) or he might be reasonably thinking that he's got enough on his plate for the time being... hopefully, that sentiment would extend to RHA and MNH!

johnny - I reckon JG is in the market again buying and it appears from the last time that he has been able to keep the sp depressed so I don't see it being any different this time. If he wants to get to 10% then he needs to get a shake on... like you, I expect the test results to be good and JG won't be able to hold the sp back once we get the news.
We're due to get a half-year update at the end of the month... let's hope that we get something that is Zulu-focused... I reckon the MNH debt swap is priced in already and that news on an RHA deal will be neutral. It seems an appropriate time to do the next fundraising at the half-year for Zulu. What we don't want is any additional surprise projects!

I'm no expert, Edgy, but I think GR is simply saying that, as he has hinted before, there is more than just lithium down there. It's good news.

Ray-mondo - I agree!

Good RNS... that's the kind of info and detail that we want. Very much looking forward to results later this month. Zulu is looking very good indeed and I expect GR must have a very smug look on his face this morning. Is this the turning point for the sp... I think so.

Welcome back, Snowking.

I thought it was quite balanced, johnny... not quite sure about how they've interpreted things but, as you say, good to get something positive.