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Jaglith - don't think you have called everything right.

You have to look beyond the annual report to see whether Prem actually paid GR. He's said that he hasn't been paid which suggests that he will be owed it. I thought, with all your knowledge, you would have known this.

Jaglith, I've been hoping for positive news since 2018... and the positive news has come several times. All is not lost here. Not by a long shot!

You might want to look again at whether GR has actually taken his salary!

I'm expecting the RNS on Monday, Acker, and I think the positive news will far outweigh any negatives.

Acker,

Knowledge is one thing. How you use it is another and motivation is another.

None of those posters show any balance at all and won't accept that any news is in any way positive. They all twist everything into a negative. They are all willing Prem to fail. For me, they all lack credibility because of the above. Dark souls each one of them!

Put them away in the bottom drawer, iky786. Apart from Prem, I'm not commenting on other investments.

Sounds like you've bought back in, Acker?

Nonsense! Any project in development will have a value based on the price of what it is potentially going to produce and the cost of production.

The shorter and doomsters don't want anyone to focus on the potential here.

Martinigirl- of course the price of spod matters!!!

Are you suggesting a plant in development with a spod price of, say, $1000 is worth the same as one where the spod price is $500???

And if the projected price is on an upward trend, the value would be the same as if the trend was downwards???

Jaglith - you really need to urgently get in touch with GR to let him know that when he said the optimisation was happening, it wasn't really because that'snot how you interpret it. And when he said that some of the OEMs had finished their work, they hadn't really. Cone on, does us all a favour and jump on a plane to Zimbabwe- GR is deluded... he needs your help!

GR set expectations that there'll be a decision at the end of this week so I reckon this test is for this week only.

That also implies that the results prior to this week were good enough and close enough to target to open up the possibility of not taking the second unit. GR got into a mess with the last interview and didn't explain this well enough.

Despite my views on GR, I do hope that he's in a position to end well.

I'm expecting better news this week on the testing that is happening now, a better RNS and a better interview.

I wouldn't be at all surprised if we get much bigger news re Glencore before the end of the month.

With the spod price recovering, there's a good couple of weeks ahead.

China doing us a favour then! Another boost to sentiment.

Jaglith, you're clearly a lazy shorter. They've done their DD... you have been warned.

At the very least, you need to be contacting the boss of the guy who simply wrote that 2 line email and standard letter... he told his boss that he did way more!

DYOR!

Glencore have done their own due diligence, Jaglith.

Perhaps, you should be contacting Glencore about your cast iron insights and their naivety and ignorance about GR, Prem and Zulu, Jaglith. You'd be doing them a massive favour and saving them millions.

The higher the spod price, the more impatient Canmax and Glencore will become and the sooner Glencore will want to take control.

DYOR!!!

With the obligations to Canmax, Glencore are not going to sit back and let Prem run the show at Zulu. They see Zulu as the gateway to a much, much bigger operation in the area. They know what's in the ground and the current debt is minor compared to what they can make there. They're not going to be walking away.

Yes, I think the last interview was an example of GR being back to his worst. He doesn't have the hands on experience of someone like GH and I do wonder if GH would've been better to answer the questions that we all have.

Having said that, I'm once again perplexed at why Prem are not taking advantage of the remaining headroom. It's a relatively small but significant amount which, I believe, wouldn't have much of an impact on the sp.

I've got a couple of thoughts on this -

1) Are Enprotec undertaking the commissioning at zero cost? We know that the approach that GR took with Stark and I wonder if Enprotec have taken a different approach, ie fix the plant without suffering reputational damage and being sued by Prem. The plant clearly was not fit for purpose and I'd be surprised if GR has not taken Enprotec to task as well.

2) With Canmax effectively holding the purse strings, they must be approving GR's approach here. I've long been of the view that Glencore will step in once GR steps away so is there already a deal in place which gives Prem confidence that the finances will be sorted out as and when Glencore step in. I don't hold the view that Glencore need Prem to prove that the plant works- it will be better for Prem and holders if they do but I reckon Glencore can see how much lithium is in the ground and that they know that there'll be a way of getting that lithium out of the ground. If spod prices do continue to rise, I expect Glencore to make their move.

Acores - that's an old video!

Iky - I've posted already. I think we need more clarity from Prem - it wasn't a good RNS to understand whether the issues are serious or not. For example, now that GR has mentioned the sorters, the question of whether these are needed before commissioning can be completed arises.

GR's MO is to play down issues and dangle carrots when there are major issues. This RNS is a perfect example so we need some clarity.

sol001 - unless Enprotec are working for free, another week or two of their team of 30 is going to cost!

Sol001 - more time = more money needed!

Dark soul, Acker!

I'm simply pointing out that GR's RNS raises more questions and this one isn't clear and unambiguous as some recent ones have been.

Of course, all of you doomsters were claiming that this second test phase hadn't started at all! There's also no placing announcement or an EGM called - I'll concede though that this RNS makes it more likely now unless Glencore have given some commitment to underwrite this phase.