Member Info for steward1

If he's in funding discussions then he probably can't say anything due to confidentiality plus he can't say anything in an RNS until an agreement is signed. For me, there is clearly something interesting going on. I think that there could be more news very soon.

I completely agree Mr T.

It's clear that they've got a plan for Bolivian Li and I'd suggest that they're looking for a funder or are in discussions with one or more.

The Ukranian war has changed the energy environment completely and I expect to see moves on all CLON's assets.

Placing??? There's plenty of potential for a battery-maker or car manufacturer to fund this. I doubt if CLON will need to! AIMHO

infinity888 - I, too, am a long term holder in PREM (which has been frustrating to say the least) but it has 10-bagged in the last 18 months. The Zulu lithium asset has accelerated beyond belief in the last 6 months and will be producing by next Spring. AND it's all been funded by the Chinese... shareholders haven't had to put their hands in their pockets.
Lithium is hot right now... and I think CLON is well-placed to benefit. Things will move quickly here. There is a roaring demand and most lithium assets are being accelerated to production... the li price has gone through the roof. Battery-makers and car manufacturers are desperate!

Bick - I wouldn't be at all surprised if there is movement from the Zim gov't on RHA and that GR is now 'obliged' to do something. However, if he has the choice, he should be spending what non-Zulu time he has on the EPO area.

Acker/Bick - RHA and MNH are very small compared to Zulu now so I don't think that they're going to have much of an impact on the sp either way. However, I'd rather that GR was spending his time on the EPO rather than these two questionable assets.

Perhaps use your battery life to do your own research, Dykee? Surely, it would be more productive than drivelling on here!

I should have added that last week's RNS is a wee bit of a game changer. Some outfits wouldn't/couldn't go near Prem without more evidence of what is in the ground. That came last week!

And, of course, there's now a strong possibility that we get the RUS and some revenue estimates... the next few weeks looks far from a Prem drift IMHO!

I'm not so sure about a Prem drift at this stage - the Suzhou exclusivity period is coming to an end in the next few days and there's a chance that they do something before it or we get some interest from a 3rd party after it.

GR still has 50% of output to do a deal with... do Suzhou want someone else to take that?

Zulu on it's own looks like a very tasty proposition and it's still looking cheap so will we get some interest from a 3rd party after the exclusivity period ends.

GR is talking about other projects - my assumption is that he has some cash on the way to finance them. Perhaps, he's looking forward to next Spring but I'm guessing that he's had some interest that signals an earlier deposit to Prem's bank account.

Wolf - good points. I guess Suzhou will need to keep a tight rein on GR and that he will have to tread carefully. I doubt that the Chinese were happy with his smash and grab. However, if he plays his cards well then, with the EPO area, he could have a lot of bargaining power... not just with Suzhou but with other interested parties too!

Jenkoo - you could be right... stranger things do happen like the price rising after a Prem RNS... tipping point is here I'd say.

I'm fairly sure that we knew about going down to 3 drills before now but this is where I'd hope to see a plan for drilling the EPO. I appreciate that some of the EPO is being drilled but it's all a bit vague. Prior to Suzhou coming on board at Zulu, everything appeared a bit piecemeal and doing it all on a shoestring... it should be different with the EPO area and GR could be more forthcoming with us about it!
After all, we could see multiple Zulu's there!!

Which chart are you looking at?

Now that's the kind of RNS we like!!! Some cracking assays there!!!

If the lithium is there in the EPO area, Snowking, then there's the possibility of several 200,000 tpa mines being built.

Zulu is certainly coming along at a good time but Prem can really benefit from the lithium demand in the next 8 years by getting moving on the EPO area asap. If GR is reading this (and we know he does tune in) then he really should be be telling the market about the EPO area as well as/rather than RHA and MNH. It's great that he now has access to all this additional expertise - it would be really good news if he told us the plan... and I think the sp would respond accordingly!

Acker - I don't know about Snowking but if I had available funds, I would add now. The main thing is delivering Zulu and GR confirmed that all is on track for the mine starting to produce from 15th February. There is a possibility that Suzhou might look to bid for Zulu (or Prem) before the end of the month. Come September, there is a possibility that another 3rd party might come on board or launch a bid. Come March next year, it is looking like Prem will actually and finally get paid for getting something out of the ground. The downside risks are very limited now... the upside risks are phenomenal!

Yes, Acker - GR now has access to expertise that he didn't have before. Could it have been the Chinese who he showed round RHA?

Thanks Acker.

On RHA, I'm way more relaxed about this now. With the prospect of millions coming in to Prem per month and the resultant increase in sp, RHA becomes much, much less of an issue!

Good on you, mugwump083. Educated in one of the best schools in the world and then a business journalist... perhaps, you've had some help with that old school tie to have your stellar career. Clearly, they didn't teach you about manners, though!

I understood one of the fundamentals about journalism was to do your research - check my posts in the last 24 hours and you'll see that I'm no deramper.