Member Info for steward1

asimpleinvestor - I've had plenty of dealings with High Courts and, sad to say, nothing usually goes to plan. Chaos usually reigns. If urai5 is right then there is no need for an actual hearing so the point is irrelevant.

asimpleinvestor - I'm assuming that the date isn't in the public domain yet. My experience of courts is that they can still be archaic and stuffy, for example, only publishing information at set times during a week or only publishing info on the day of the court appearance! It might not be in this case but it could be??

I'm no expert but the value of 129400 carats of diamonds must run in to 10's of millions - anyone got a rough guess? If that's the case, sp will multiply!
I reckon the court date has been set... very, very interesting times. Really hope that last year's fispicable activity cand be put well and truly behind us!

Snowking... 'Market still not worked out how big this will be'

Spot on! It's a real pity that GR doesn't yet know how big this is either. If only, he had completed the DFS when he had the money to do it!

Haven't had much success with oil myself.

VAST - was utterly bonkers last year (showed the worst side of so-called professional financiers) but things have settled and they've got a Zim connection as well.

Are you in VAST as well, Acker? Much more to come there as well as Prem - 2023 is looking pretty good!

Acker - fair points. At this stage, you would want GR to be more specific about a date and not just state Q1 but the thing I thought could be taken as a negative was that they're working 24/7 on the pilot plant. Would 24/7 have been included in the original project plan... doubt it? Either they want to get producing early or they've been running behind and need to work 24/7 to catch up. As I've said before, GR wouldn't be candid about delays!!

None of us would be invested unless we thought the sp would be higher.
I'm going to agree with SK's predictions! At least, I'm hopeful that this is going to go well from now. I'd agree too that there's the question of how much is in the ground too. There's also the possibility of bids coming in.
I guess the risks are that Zulu doesn't hit all the targets and timescales and that GR doesn't spend the income wisely or return some to shareholders.

There's also the point that the C11 process purpose is to re-shape a company so that it does have a brighter future. The debt could be reduced either through a dilution or through the purchase process. I think that if there is a buyer, they would at least partially reduce the debt. A reorganisation should also, at least, partially reduce the debt so that there is a profitable company coming out of C11 with a reduced debt burden.
It is very interesting that not all of CW is in C11... I'm beginning to think that Mooky and his advisors were clever in how they structured the group and have some clever plan to retain a decent proportion of CW. Whilst this could still go badly for us, I'm more than hopeful that there will be a reward for us.

I've fallen behind with what's going on here but it seems really positive to have 30 interested parties. Am I right in thinking that the sales process will only be for part of the overall group and that, for example, ROW isn't included in the sales process or in C11?

GR's previous approach to updating shareholders is casting a bit of a shadow over the sp, I'd say. In the past, no news has mostly meant that something is being hidden - if there is a delay, I doubt if GR will be totally transparent about it. However, that was then and it's quite different now - by all accounts, the team has done a great job to date plus GR has the Chinese to please now. Any delay is likely to be minor but I think that we'll get good news soon enough.

I'm just pleased that there's a bit of urgency about most of what Prem do now. Pei's visit and his commitment to Zim is only good news for Prem... clearly Pei wants as much Li as possible as quickly as possible and GR is responding appropriately. The next couple of months will be very interesting... I would not be surprised if Pei has said to GR that he needs to extend the pilot mine as soon as so I'm expecting some big announcements very soon. For those who take notice of these things, I've added to my holding ahead of when I expected to.

jaguar - I never like to be 2nd... not a very attractive trait, I'm afraid!

"Clontarf Energy plc has advanced its discussions with the Bolivian and Ghanaian authorities in recent weeks" - they've confirmed that they've been talking to the Ghana government so I'm encouraged.
No-one likes fund raising in this way BUT it is extremely naive to think there shouldn't be any fundraising like this. If you haven't factored this in to your thinking on CLON then... well... enough said!

Have to say that I'm a wee bit disappointed that Pei has favoured a jv with Mutoko over one with Prem.

So all the excitement on Friday is because there's a JV on the way in Bolivia!

Profit - yes, it's disappointing that the refinery won't be Zulu located. It would be helpful to find out what Li mine is in Mukoto, what stage it is at and how much Li it has. I wonder if Prem had the DFS completed whether Zulu would be the automatic choice for the refinery. Of course, the reporter might have got it wrong and that no decision has been made yet.
Nevertheless, I'd prefer Prem to develop Zulu and the EPO area further without any complete buy out.
Really hoping that there's no issues with getting production going and that GR hits all the targets and timescales. No doubt, Pei will have had been sizing up GR and asking himself "Is this the man that I want to invest 10's of millions in?"

Jenkoo,

it appears that he's got bigger plans including a battery factory. My guess is that he'll be using his money for a lithium refinery and a battery factory. If anyone had been hoping for a Prem takeover or a Zulu sale, I think this is less likely... it's not impossible that he makes a bid but even billionaires have limits. I think that there'll be some additional investment in Prem/Zulu but not a takeover.

Whilst the pilot mine has moved at warp speed, lets see how quickly a refinery and factory will progress.

Alert - I was just going to post that. So he was in Zim to speak to the President. Very interesting!

What does it mean for Prem and what will it mean for holders?

I agree with a lot of what has been said today but, as is my want, can I add some balance... Pei would not have gone to Zim to only visit Zulu and I think that he'll have had more than Zulu on his itinerary. It would be interesting to find out who else and where else he visited.

If he did visit only to see Zulu then I think that signals something good. I think I've said before that my hope is that we manage to hold on to enough of Prem to see the sp fly (10/20 bagger in the next few years) AND to see years of a healthy dividend. Does Pei's visit make that more or less likely? I'm not sure but I hope that we don't lose Zulu and the EPO area on the cheap!

aimisaluagh is right... the next couple of months is crucial...it's all looking positive at Zulu but targets have to be hit and GR has to say no to any offers!