Member Info for steward1

If you're a day trader then today's price movement will be important to you but if you've done your research and are in for the long term then one day's trading or one week's trading even isn't significant. Looking forward to when news drops!

Profitbags - the Chinese seem to be favourites but who knows... I think we might be surprised. I'm hopeful that GR can navigate a way through this where we still keep a substantial holding in Zulu and the EPO area. When you consider that there is likely to be gold and other rare minerals, I reckon that we need major help which they seem to be falling over each other to offer.
For me, it is a massive positive that we have a major building a stake.

Profitbags - the big prize is in the EPO area and I still want Prem to have a significant stake when production starts there. TBH, I'd rather keep a minority stake in Zulu, let the major take control of that and GR can accelerate the EPO area. If GR can retain more than 50% and still accelerate the EPO area then great BUT I think he runs the risk of losing Prem altogether if he wants to keep the majority stake in Zulu.
There's also an argument that allowing a major to have an interest in the EPO area will be massively beneficial. Having one of the big boys on board with the wherewithal, resources and funding to move on all fronts way quicker than GR can on his own is very attractive to me... and majors have way more motivation to move quickly on this than GR currently does.

Placing - in one respect, I'd be pleased if GR did a small one but looking at the structure of some other deals, the lucky suitor has paid a "deposit". GR is a wily old soul and I wouldn't be surprised if he's wangled a deposit to pay for the additional drills and the extra contractors so I'm more inclined to think that there won't be a placing.

Somehow, I missed the tweet on the drill now operating in the EPO area - excellent news and I guess this shows the benefit of bringing in a COO. Hoping to see some photos once they've got the stuff out of the ground. For me, this is a big step forward - yes, getting Zulu assay results and a deal will move the sp up further into the pennies, BUT once we start getting info on what is in the ground at the EPO area... well... it's anyone's guess but we're talking about then multi-bagging on pennies!
As for this morning's drop, some profit taking plus MM's may have filled their boots but I suspect that it's only a pause from them and they'll be back hoovering up shares soon enough.

Same sentiments here, Johnny!

Looks as if it was all a bit frantic and desperate this morning - plenty traders will have done their business so things should settle again and I think we could see 10% or so per day. When news drops, it might get frantic again but at a much higher sp.

Acker, as promised - well the tipping point has certainly come – the last couple of weeks have been great but I think we just haven’t seen anything yet.
PREM has long been undervalued (the GR effect) and the last 2 weeks shows some correction but I think it is still well undervalued, quite apart from any potential deal or any hostile bid.
Could someone be building a stake? Yes but equally it could be lots of people building small stakes (could be many more like Progress101)? It could be a rejected suitor? Could be Ganfeng? Could be an oiler looking to diversify further? Could be private equity? Could be an individual like JG? Could be corporates/funds?
Buyers this week are perhaps attracted by a potential deal or bid but it is interesting that we’re attracting people like Progress101. This shows that there is a greater awareness of the significance of Li amongst serious individual investors and an appreciation that security of supply is paramount – with the EPO area, PREM Li assets could become the “North Sea oil” of Lithium?
What is a realistic valuation of Zulu now? Potentially, Zulu alone from Lithium alone could be delivering profit in the high hundreds of millions if not over the billion mark for 20 plus years. There are other rare minerals which some suggest could deliver the same amount of profit. A deal could be done which values Zulu at £400m or £500m now, imho.
What value could then be placed on Prem as a whole – with the EPO area, 57 times bigger than Zulu, there might not be 57 x the amount of Lithium or other rare minerals and you wouldn’t simply multiply the Zulu valuation by 57 at this stage but with the potential for billions worth of profit per annum, one could assume that the EPO area could currently add several hundred million, if not a billion to a valuation if there was to be a deal on Prem as a whole. There are other assets but they’re insignificant compared to the EPO area.
GR might think he is in control and he might only want a deal on Zulu and he might only want a certain type of deal on Zulu but I think he will find that events might overtake him. When he announces a deal on Zulu, I think that there is a good chance that there is then a bidding war for Prem as a whole.
Yes, someone like Ganfeng could be building a stake but if/when that is confirmed the sp will go through the roof. Some think that this will be lucky to reach 1p this year – I wouldn’t be surprised if we hit 2/2.5 on the announcement of the Zulu deal. I wouldn’t be surprised if we then kept going to 5p this year or even 10p. I certainly would be happy with 10p but I’m in Prem for the long term and I’d love to still be holding and getting a dividend of 1p or 2p a year. It would be disappointing if GR is set on keeping majority control of Zulu and loses Prem... and we all then lose out!
Anyway, I think the investor clamour for Prem will only intensify so, yes, I’m very bullish – Prem could become the Tesla/Microsoft/Apple of mining stocks!!!

Acker, as promised - well the tipping point has certainly come – the last couple of weeks have been great but I think we just haven’t seen anything yet.
PREM has long been undervalued (the GR effect) and the last 2 weeks shows some correction but I think it is still well undervalued, quite apart from any potential deal or any hostile bid.
Could someone be building a stake? Yes but equally it could be lots of people building small stakes (could be many more like Progress101)? It could be a rejected suitor? Could be Ganfeng? Could be an oiler looking to diversify further? Could be private equity? Could be an individual like JG? Could be corporates/funds?
Buyers this week are perhaps attracted by a potential deal or bid but it is interesting that we’re attracting people like Progress101. This shows that there is a greater awareness of the significance of Li amongst serious individual investors and an appreciation that security of supply is paramount – with the EPO area, PREM Li assets could become the “North Sea oil” of Lithium?
What is a realistic valuation of Zulu now? Potentially, Zulu alone from Lithium alone could be delivering profit in the high hundreds of millions if not over the billion mark for 20 plus years. There are other rare minerals which some suggest could deliver the same amount of profit. A deal could be done which values Zulu at £400m or £500m now, imho.
What value could then be placed on Prem as a whole – with the EPO area, 57 times bigger than Zulu, there might not be 57 x the amount of Lithium or other rare minerals and you wouldn’t simply multiply the Zulu valuation by 57 at this stage but with the potential for billions worth of profit per annum, one could assume that the EPO area could currently add several hundred million, if not a billion to a valuation if there was to be a deal on Prem as a whole. There are other assets but they’re insignificant compared to the EPO area.
GR might think he is in control and he might only want a deal on Zulu and he might only want a certain type of deal on Zulu but I think he will find that events might overtake him. When he announces a deal on Zulu, I think that there is a good chance that there is then a bidding war for Prem as a whole.
Yes, someone like Ganfeng could be building a stake but if/when that is confirmed the sp will go through the roof. Some think that this will be lucky to reach 1p this year – I wouldn’t be surprised if we hit 2/2.5 on the announcement of the Zulu deal. I wouldn’t be surprised if we then kept going to 5p this year or even 10p. I certainly would be happy with 10p but I’m in Prem for the long term and I’d love to still be holding and getting a dividend of 1p or 2p a year. It would be disappointing if GR is set on keeping majority control of Zulu and loses Prem... and we all then lose out!
Anyway, I think the investor clamour for Prem will only intensify so, yes, I’m very bullish – Prem could become the Tesla/Microsoft/Apple of mining stocks!!!

For those who've not had the time to do much research before buying in... we're expecting the sp to continue it's momentum upwards. Apart from it being undervalued, the sp should rise further in the short term due to TR1's (could be major(s) building a stake), assay results and a deal to fund the Zulu asset. There's also speculation that we might get a hostile bid.

dealer - I think it's conservative. Look at the deals done last year on Lithium. Li prices have continued to increase from last year and there's a sharper understanding of the supply gap... and we could well have higher quality Li!

Johnny - yes, there's a strong argument that someone is building a stake. Just when GR announces he has a preferred partner, the sp rises. We should be getting a TR1. However, I think anyone and everyone is buying too!!!

Acker, as promised - well the tipping point has certainly come – the last couple of weeks have been great but I think we just haven’t seen anything yet.
PREM has long been undervalued (the GR effect) and the last 2 weeks shows some correction but I think it is still well undervalued, quite apart from any potential deal or any hostile bid.
Could someone be building a stake? Yes but equally it could be lots of people building small stakes (could be many more like Progress101)? It could be a rejected suitor? Could be Ganfeng? Could be an oiler looking to diversify further? Could be private equity? Could be an individual like JG? Could be corporates/funds?
Buyers this week are perhaps attracted by a potential deal or bid but it is interesting that we’re attracting people like Progress101. This shows that there is a greater awareness of the significance of Li amongst serious individual investors and an appreciation that security of supply is paramount – with the EPO area, PREM Li assets could become the “North Sea oil” of Lithium?
What is a realistic valuation of Zulu now? Potentially, Zulu alone from Lithium alone could be delivering profit in the high hundreds of millions if not over the billion mark for 20 plus years. There are other rare minerals which some suggest could deliver the same amount of profit. A deal could be done which values Zulu at £400m or £500m now, imho.
What value could then be placed on Prem as a whole – with the EPO area, 57 times bigger than Zulu, there might not be 57 x the amount of Lithium or other rare minerals and you wouldn’t simply multiply the Zulu valuation by 57 at this stage but with the potential for billions worth of profit per annum, one could assume that the EPO area could currently add several hundred million, if not a billion to a valuation if there was to be a deal on Prem as a whole. There are other assets but they’re insignificant compared to the EPO area.
GR might think he is in control and he might only want a deal on Zulu and he might only want a certain type of deal on Zulu but I think he will find that events might overtake him. When he announces a deal on Zulu, I think that there is a good chance that there is then a bidding war for Prem as a whole.
Yes, someone like Ganfeng could be building a stake but if/when that is confirmed the sp will go through the roof. Some think that this will be lucky to reach 1p this year – I wouldn’t be surprised if we hit 2/2.5 on the announcement of the Zulu deal. I wouldn’t be surprised if we then kept going to 5p this year or even 10p. I certainly would be happy with 10p but I’m in Prem for the long term and I’d love to still be holding and getting a dividend of 1p or 2p a year. It would be disappointing if GR is set on keeping majority control of Zulu and loses Prem... and we all then lose out!
Anyway, I think the investor clamour for Prem will only intensify so, yes, I’m very bullish – Prem could become the Tesla/Microsoft/Apple of mining stocks!!!

Acker,
I'll say more later once I get over Scotland's loss this afternoon but I don't think we've seen anything yet!

Not yet! Have to pinch myself looking at the sp though - I think we could go over 0.4p this afternoon!

It almost seems possible that we might get our cash back plus more!

Very interesting - wonder if some additional info about Zulu will be dropped in. Are we going to get a big pop this afternoon?

Trying hard to pop over 0.4... it would be a good end to a very good week!

Acker - what a difference a couple of months make!! And, even at today's prices, the potential to multibag is huge. I'm holding until 5p before I consider top slicing... and even then, I reckon that the news from the EPO area will make it a difficult decision!!

Aimisaluagh - if you've been here 7 years then waiting another few weeks for some serious payback doesn't seem much of an ask.
Things are way different now - we're getting assay results, we've got a line of folks wanting to give us money and Li prices have multiplied. Further news on assay results and a deal is really imminent. If there is a time for a LTH to sell then it doesn't feel like today, aimho!
My own view is that momentum will continue through to the next assay results and then the deal... after that, I'm expecting some more fireworks with a potential hostile bid. By the time that settles, we'll be getting some info on the EPO area... it won't be a straight line up to, say, 5p but the tipping point has been and past and I can't see the upwards momentum changing anytime soon. AIMHO!!

** The EPO area is 57 times the size of Zulu