Member Info for steward1

Q&A is tomorrow!

The fact that we've got Snowking, Acker et al saying that we're getting an RNS on the position with Zulu, for me, is a positive. I don't doubt that GR won't answer every question that each of us has but it appears that those who have his ear have persuaded him that he needs to do something and I'm hopeful that we'll be seeing something quite different to to interview earlier this month. I'm hoping that the RNS will set out some of the numbers that we've been expecting. I'm just as interested in how he plans to determine what's in the EPO area, in what timescale and how he's going to fund it.

Acker - really hope that GR has learnt lessons from the past. We're desperate for some concrete info and for him to avoid ducking and diving. There is a healthy amount of scepticism about GR's leadership and I'd be more than happy to eat humble pie if he can set out a realistic, achievable plan. Also, none of us would be surprised if there is some not-so-good news mixed in - clearly, there's been an issue with assay results and I don't think he'll be criticised about being open about it... quite the opposite actually. As I've said before, it's within his gift to get the sp motoring north so I'm looking forward to the update this time round.
Happy to say as well that I'm expecting this to be the start of the re-rate - 1p is definitely achievable in the next few months if all goes well.

Cheers Acker/Snowking - I'm asking myself what the significant news could be and what does GR still have to play with at Zulu? If you guys are so confident then I'm assuming that you've heard something??? Anyway...
Still has 50% offtake that he could do a deal on but he needs to do a better one that he did with Suzhou.
Could be funding for mine to start - wouldn't be bad if he has been able to convince someone to lend Prem the money to get it started?
Could be the accelerated plan for Zulu - that would be a relief to get some info. The country manager seemed pretty bullish about progress!
Or has he gone and done a deal to get the EPO area moving... that would be good news indeed!
Lots of potential for good news... what's it gonna be?

Acker - nice wee deal to get things moving on this asset! I assume that you're still expecting a "bigger" RNS this week??

Some really interesting posts this week... some of my own thoughts on where we're at.
GR had a pretty poor interview last time round and I think part of the recovery of the sp is that the market is getting over the disappointment of that interview and, with the prospect of another interview coming along, there is some hope that he'll make amends and we'll get something meaningful this time round. Will he provide enough info to satisfy us all... I doubt it... but he really must avoid dodging giving answers and avoid being ambiguous... it's only half an hour on Thursday so I don't hold big expectations.
I'm not sure why folk think that there'll be an RNS this week unless someone has some inside info (which I do think SK sometimes has)... if there is something that sets out where we're actually at and when GR will produce the DFS and how much drilling he is going to do, etc then great. Historically, he hasn't a good track record of providing good comms.
As many of you know, I think GR is the reason that the sp has performed so poorly and that we should get to a tipping point where the news on progress at Zulu outweighs his misdemeanours. If GR can produce some good comms this week with concrete info on progress and what the next 6 months will look like then I'd be a very happy boy.
As for transformational news in the next month or so, I'd class the above as being transformational! As long as GR doesn't ****-up again, I'm hoping that we'll now see the sp take a long journey north now (subject to the usual ups and downs instigated by traders).

Cheers Acker - missing the camaraderie. Hopefully, I'll be back on song next week!

1st time posting in a week. I've been sampling the hospitality of the NHS after a minor issue flared up into a major one. All seems to be going well and hoping to be out in the next day or 2.
Disappointed to see the sp falling further but I'm hopeful of a positive update soon... next week?

Perhaps, our Dr Luo is buying?
It will be interesting to see what impact he will have.
I'm not convinced that GR's chosen approach will maximise benefits for shareholders but I'm sure that Dr Luo will shake things up a bit. I hope that we get some comms soon to let us in on GR's plans for the rest of the year and how he intends to complete the DFS and start the mine.
Snowking - are we still expecting April to be a big comms month?

I'm not sure if Snowking lived through the RHA debacle... anyone who experienced that would not allow GR near a mine again.
I've got some sympathy in keeping a stake in Zulu, though, but, as many have said, the big money is in the EPO area... get enough funds to explore that area!

Thanks Redtrade - anyone know how many drill holes/metres would produce 400 samples?

BTW and FWIW, I've got a slightly more bullish view on the sp now... I don't think that we're going much lower and I think there will be news this month on GR's plans.

I'm asking myself whether there is a scenario where I'd be comfortable with Prem taking Zulu through to a producing mine...
- There would need to be proof that Prem could do something quickly... so let's see what they can do in the next 6 months.
- GR would need to be retired and a very competent team in place.
There are so many potential scenarios and I don't hold out much hope for the above but one scenario is that Suzhou take a bigger stake in Prem and take over the reigns. Someone expressed the notion a while ago that they would rather hold 50% of a company that is producing Li than 100% of a company who can't get anything done... I guess that I'm more of that mindset than thinking that Prem can build and operate a mine.

Given decisions made to date, I'd agree that we should sell once the DFS is complete as long as the DFS includes the higher resource of whatever it will be... 80mt? ... some would estimate even higher?.... my guess is that the argument that GR and others might have though is that the further along the development timeline Zulu goes, the more it will be worth.
It's interesting to watch the ALL sp - it's got a smaller mt but is ahead of us on a number of fronts and it's sp has just multiplied in the last few weeks.

I'm trying to find some good news here... so this 7th drill, which must be a recent arrival, has already completed drilling one hole and is already on to another. Anyone know when it arrived and whether it's drilling faster than the others?

Triki - I've no doubt that every company has people who think that their company should be communicating more but it is generally accepted that GR's comms are very poor... very poor indeed... even those who "support" GR will concede that his comms are poor! Come back and post on this topic when you've reviewed all that has happened in the last 5 years.

Triki - been here for 5 years and have no expectation that anything is done "fast" by GR! If you're new here then you should know that GR's comms are very poor. There's a lot more that he could be telling us - despite having the opportunity to do so in interviews, he chooses not to. e.g. apparently he now has 7 drills drilling in the Zulu area and he apparently has a new plan to accelerate to indicated resource to get the mine started.
Is it rumour? Is it fact? He doesn't tell us so we're left speculating depending on leaks from Snowking.

triki - if the reason for the hold up of PREM assay results is the same then GR could let us know... most reasonable folk would accept that. To get some confidence from the market and credibility, being honest about situations which are not quite going to plan would be be helpful!

If these have been put to bed, Snowking then why does he not let the market know that?

Johnny - I agree to some extent... if GR is not giving anything substantial to the market that proves what is in the ground then we are left exposed to market pressures that are likely to keep the sp depressed. The concern for me is that GR doesn't appear to want to communicate anything substantial or meaningful. E.G. according to Snowking, GR has 7 drills all drilling now... that's good news... why is he not telling the market?
And, putting aside my view that the Suzhou deal was the wrong one, if Snowking's info is correct and the strategy is to accelerate to indicated resource at Zulu, then that is good news too imho. Why on earth is GR not telling the market that this is the plan... I think that in itself would send the sp north!
If in 6 months, GR has an indicated resource of 20mt... hopefully a lot, lot more... and is on the verge of starting a mine then, for me, considering progress to date, that would be very good news indeed.
I have to emphasise as you have though - it would be utterly appalling if GR doesn't progress the EPO area but spends it on RHA/MNH.... sounds like Circum all over again!!
I'll repeat my comment of last weekend, it's in GR's gift to give some confidence to the market that he's doing the right thing and to reverse the sp drift.
Come on GR... tell the market what your plans are!