Member Info for steward1

A wee gold star for these results - high quality and continuing proof that it's there in spades!!!

These are the kind of assay results we want!

Daz423 - my simple response is that we're not living in normal times with regard to Li. There may well be a traditional process to get to a point where there is more accurate assessment of how much Li is in the ground but potential partners have an absolute imperative to secure what they can... that's why they're lining up to get a piece of the action and are prepared to pay top dollar to get that.
It's very magnanimous of you to offer your wisdom given that you're not invested but you must keep up with what's going on!

Yes, Acker - very promising. The maths for Zulu look astounding... and I don't have a word to describe the maths for the EPO area!
So that's why I think even at this stage, with only a few assay results and no finance deal yet, PREM is still undervalued. I appreciate the desire to keep hold of as much of Zulu as possible and I appreciate that GR wants to keep a majority stake but this could be one of the factors still holding back the sp. I do wonder if a more pragmatic and ultimately a more rewarding approach would be to hold a minority stake, handover the development of Zulu to a bigger outfit and accelerate the EPO area.
Part of the issue with historical progress on Zulu is that GR hasn't been able to fully commit to it until recently - would a major have approached the DFS for Zulu with only 3 rigs? Apply that question to the EPO area and I think we can all understand why the sp is not yet reflecting the huge potential there!
So along with the things you've listed, Acker, I'd like GR to set out a clear plan of accelerating the EPO development and I hope that involves input from a major, He might not think he has the bandwith to do that but that just reinforces the need to get others with the wherewithal to be heavily involved!
Looking forward to a positive week and a very positive March and April!!!

Thanks Profitbags - it really is an incredible turnaround that GR has such a critical role... especially when he's been faffing about with Circum, RHA and MNH!
Yep, Wolf - it's not a bad thing to have the gov't hurrying GR up. There are plenty of stakeholders needing GR to get a move on, especially the Zim people!
Anyway, GR should want to keep the sp up during negotiations!

... if we were then I'd accept arguments that suggest that a deal won't be done for months yet but we're not!

There are major geo-political battles going on and I'm not referring to the Ukraine situation. The pandemic highlighted the fragility of the global economy and supply chains, and the West has woken up to China's march across the globe (perhaps, too late). The price of Li has gone through the roof and by all accounts will go further. There is an absolute imperative to secure supply at source and that's why GR has had so many interested parties looking for a piece of the action. It's no coincidence that we saw the sp accelerate after the HoT announcement was made because I reckon that some of those who were not the preferred partner are positioning themselves for a move on Prem (not just Zulu) at some stage. Some of them may even be working together.
GR (of all people!) is holding the keys to potentially one of the biggest deposits of one of the most sought after minerals which the world needs in the next 10-20 years! It's quite flabbergasting when you think about it.
I've pencilled in news before the end of the month - we should see more assay results (which should only strengthen GR's arm and increase the sp). When we got the last results, I hoped that we would start to see a regular and frequent update of results and, whilst communication has improved, I'd like to see GR and the PR person more alive to the possibility of the sp drifting... more updates, especially about the work on the EPO area, would counter that possible drift. I think the lack of credible news contributed to that short attack earlier in the week.
Related to that, it would be great to get Tedoby's work updated.

FWIW, I doubt if we'll get any news this afternoon - possibly Monday but I'm not so sure that GR works weekends! Certainly wouldn't want a funding deal announced this afternoon with a only a few hours of trading left.

I had pencilled in some news next week (last week of the month) but I understand that GR is dependent on others for assay results. I reckon later in the week for assays and the RUS won't arrive until March some time.

The big unknown is the deal - my guess is that, whilst one potential partner has been singled out in the HoT, GR is still listening and talking to others. Will that conclude soon - I hope so but this time round, GR has a load to consider and I don't want him to rush to a deal. And, yes, a deal can be done without assays but if GR is canny (and he is) he'll want as many results back as possible before sealing a deal.

In any event, I reckon there could still be a few rounds to go before the final deal is sealed.

After the start to the week we had, I'm disappointed that we're not over 0.5 or even 0.6... more twists and turns, ups and downs to come!!!

Have a good weekend all!

Let's hope we don't see anywhere near a repeat of earlier in the week but the weakness here is that lots of folk have built their own expectations up and when no news is released we see pressure on the sp.... it's called the Prem drift!!

Could have a rough day ahead!

Personally, I don't think they'll be back until we're much higher.

Glad to have brought some happiness to your morning, Bick!

Keep the faith... should be getting more assay results and news on that JV very soon. Next step up is beckoning. 1-2p is coming.
Clearly there are some traders who want/need to create some volatility - GR's note yesterday was helpful (I'm guessing Snowking and others influenced him to issue it?) and other comms is much improved... almost turning in to a professional outfit!

I agree, Acker. I might share my story one day.

Good find MAFS - the market has completely changed and the article proves that they (and others) can't afford to wait until DFS's are complete, etc. It is a seller's market!
I'm with others who think that a deal could be announced before the end of the month.

Acker - a deal that valued Zulu at 4p would be tempting.

I'd put a higher value on Prem though... I'd suggest 5p for 50%... I'm keen to hold something for 5-10 years... when the price could be a multiple of that.

Not my figure, Acker (although I may have "mis-remembered"it!) but 30% plus GR's holding plus JG's holding plus all of us non-pandora lth's... I can't see Prem being sold off on the cheap. I'd certainly be able to turn down 5p but I'd struggle to turn down 10p!

Acker, I'm sure someone from Pandora, might've been Snowking, said that they held over 50% of the shares??

Good idea Robrob999 - perhaps, GR can educate Malik on the future of Prem - the expected increase in Zulu resource, the magnitude of the EPO area, the potential for gold and other rare minerals... and the clamour by potential JV partners wanting a piece of the action!

Yesterday was a big anomaly and, whilst there'll be some volatility going forward, I reckon this is going to bounce upwards - I'd suggest back over 0.5p by the end of the week and, if news lands, we'll be well on our way to 1p.

Great research, Novykluk.

Very reassuring and will sleep a bit easier tonight.

I had an afternoon where I could keep an eye on the sp so it wasn't an enjoyable afternoon - I guess we were to expect some days like this but maybe not by quite as much.

I believe a couple of MM's stopped their big buying late yesterday and with no RNS/TR1, it seems that plenty of folk panicked and sold. Could it have been orchestrated? Possibly. As others have said, nothing has changed so I expect the momentum upwards to continue. An RNS with some good assay results would settle the old ticker - I had pencilled in some news next week.

Wonder if Snowking or anyone else has any intel on what is happening behind the scenes?