Member Info for steward1

Forgot to the add the "if" there Motherlode!!!
However, the expectation has to be that we'll see a leap forward for Zulu - whether it is a deal or whether we start to get that stream of drilling and grade results... the sp should fly.

I think they took them at the last two fundraisings.

My guess is that they've done some form of trading since the summer which has kept a lid on the price... they will win big in the New Year!

Very interesting RNS - ETX/Monecor holding over 1 billion shares!! Did they take all the 0.5 billion from the recent fundraising?

Great to see a corporate taking a major shareholding... can only be good!

Bick - yes the Cadence deal went south. I was simply highlighting that they didn't wait for a DFS to be done to do some DD. I think the same applies to Piedmont doing a deal with ALL... Chinese bid for it too.
There are reports that Omicron is beginning to fade in South Africa (which would be good news all round) so we might see things happening a bit sooner regarding results.

Bick,
I don't particularly want to defend Snowking but if there is serious interest (and I believe that there is) then there will be "due diligence" being done on something... there are some historical results from the pre-EPO area which were independently verified... clearly the lack of current results is an issue but there was almost a deal 3 or 4 years ago with KDNC and they did some due diligence. It's odd that we don't have any more results - it seems a bit unusual that we only have one result - did the lab lockdown on the day after they did that one result?
As for SK's detail on how many interested parties there are and on progress and on JG's trading - if it is true, clearly there is inside info being released and it makes GR look decidedly dodgy. I think there's some element of truth but, like many others, I'm very suspicious of the Pandora Group's intentions. Why have a group like that unless you can benefit financially... someone is clearly trading on inside info!
On that KDNC deal, the chat at the time was that GR didn't want to give up control - I think it will be different this time and he'll either have to or want to (he's no spring chicken).
Anyway, I'm expecting that there will be some attractive offers and I'd be surprised if there wasn't a good enough deal to be done but I do want GR to go full-throttle at Plan A... get that COO recruited and keep those drills turning!

Acker - this is one of the subjects that GR could resolve with a simple update to tell us what the situation is. If he doesn't, the uncertainty continues and it becomes very suspicious as to what is going on... it's this kind of thing that adds to the market mistrust of GR... same applies to the appointment of a COO and RHA!
He should just tell us what's going on!!!

I've not been keeping up to date and didn't realise our friend Snowking is posting again... welcome back.

Have to say that I'm agreeing with most of your post. I don't have access to the info that you have about interested parties and JG so apologies if I treat that with a bit of scepticism.

Next 2-3 months should, I repeat should, deliver a major move in the sp. GR should be in a very strong position to negotiate and should be motoring ahead with Plan A so that interested parties know that he is serious about going it alone. It is time for GR to deliver!!!

Totally aligned with you, Johnny.

I think the deal that Piedmont made with Atlantic Lithium is what GR will be looking for.

Alert - great posts!
On paper, GR's plan to do a small fundraising, see progress, see the sp rise and then do the next at a higher price makes absolute sense but....!!!!???..... it's plain to see that this plan hasn't worked yet!
I think the sp has held him back and he does need new blood, i.e. a COO. This would be one step which would reassure the market. If he is to be believed then he is actively recruiting - he's not said anything different since the London meeting. A COO will take a load off GR and allow him to focus on the future of Zulu and dealing with potential partners. On reflection, I reckon that Neil Herbert should stay as chairman.
Another step would be to bring clarity about MNH.
These are two things which are under his control and, I think, would see the sp recover. In other words, these are holding the sp back and, therefore, they are having an impact on Zulu... surely, GR sees this.
The mantra is that the market is never wrong but I'm still here because I think that Prem/Zulu is currently undervalued (we should be at least double the market cap IMHO) and that the potential value once the DFS is complete is multiples of that.
The chairman needs to step in here!

Bick - have a look at Atlantic Lithium (ALL) and you can see a similar deal to what GR is looking for... it's not impossible to get a deal before DFS and in the current environment, I'd suggest that it is more likely that a deal could be done long before the DFS is complete. Their chairman is our own Neil Herbert (it would be very interesting to get some statement from him!).
Whether or not, it would be desirable is a different question. GR shows no sign that he has got a COO on board and, if others are to believed, he's doing this "on the cheap". I'd welcome a professional outfit getting involved.

Bick - you're right, this isn't good enough but unless someone is prepared to lead an EGM proposal, our hope of better times lie with getting a partner on board who has to insist that GR takes a back seat. If we get a good COO appointed then that might be an improvement.
To some extent, I'm drawing a line under the last year and looking forward to a procession of drilling results and a potential JV.
Yesterday's RNS removed some uncertainty so I'm hoping that we'll see the sp recover before Christmas too.

Acker - MNH certainly needs to be clarified. Is it too optimistic to think that repayments have been made in accordance with the agreement and there's then no need to update the market?

Acker - I'm of that view too...
Funding in place - box ticked and I'm thinking the last share issue for Zulu!
LIBS being calibrated - box ticked and they can motor on now.
MNH - I'm taking a different view... I think it's kicked into the long grass, at least until after a deal is done.

Very disappointed about the leak but not surprising!

A good tuppence worth, Bick.
The interview doesn't add any value to anything - only slightly interesting point is that the South African lab is actually closed due to Omicron.
LIBS is a mess but the "calibration" should now allow more accurate results - there should be nothing holding this back now.

Finally, we get a fundraise (which could've/should've happened last month or October at a higher price) - no deal yet but it seems clear that there is interest in funding the DFS and the mine. I suspect that this will be the last fundraising and that a deal will be done in the next few weeks. More and more and more, I'm keen to do a deal and get someone else to run the show... GR simply has to stand aside.

My guess is that this RNS kicks MNH into the long grass for a good while! Can we call the bottom now?

Following on from my comments yesterday on MNH, the other big reason that GR shouldn't make a move now for more MNH is that he has the eyes of 9 or so potential partners on him. Not only would it speak volumes to his judgement and competence, it would add to the reasons for potential partners to not want to take a stake in Prem. This might not matter so much when Zulu is separated out of Prem but who wants to get into bed with someone who buys a stake in a loss-making company without any dependable financial records?
BTW, unless *and perhaps even if) GR can draw a line under MNH and RHA, I expect potential partners to insist that Zulu is separately listed... should be very good for shareholders!!

If there had been anything leaked then there would be billions of shares traded... nothing has been leaked.

I'm afraid that I don't trust GR to stick to market rules!

I think it's more likely that GR has told some that there will be no news before such and such a date and, as everyone knows, the price will drift... so sell and buy back lower. I simply can't see GR making a move for more of MNH at these levels. He would certainly face the wrath of shareholders and there would be the prospect of an EGM to remove him.
If you look at the last vote to allow him to stay on, it looks as if the only votes that were cast were his own (plus a few other very minor holdings). I think an EGM would remove him.
No, I don't think that it is MNH - I think it is as simple as "the lab won't start sending results until ##/##/##"
The other glaring omission is that GR has not yet raised any more cash.... I thought he would have raised more in October and here we are in December!!!??? I'm taking an alternative view on this too - I think a partial deal has been done.

This time next year, Rodney!!!