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misstestes - tipping point is coming. Zulu is by all estimation a monster... a placing of 1 or 2m at 0.5 or above to keep progress going is neither here nor there.

It might be a different matter if GR is shopping again but I'm calling 1p by eoy and next year is anyone's guess!

I agree Chuggley - positive RNS... I'm expecting the test results to be on the excellent side of very good... sp could get back to 0.5. Happy for the next fund raise to be at that level.
Now that Zulu is unimpaired, I fully expect the value to motor north as test results are revealed... 1p by Christmas!
Just scrambling around to get as much funds together to buy more!

For once, the use of the word "imminent" seems to be appropriate.

And I reckon the big oil companies will want to invest in lithium too!

On another potential boon for PREM, did you guys see the note from the admin of the Facebook group about the Pioneer gold mine being assigned to Zulu... perhaps, we'll hear about the gold soon too?

Great post, Bick... the half year report is due this week (I reckon end of play on Thursday) but I'm not holding my breath to get answers to all your questions.
I do think GR is being hindered by the current sp (which he has had and continues to have a major influence over) - if we had built on the highs of 7 months ago with earlier test results or if we had even stabilised then I think he would have been able to take more cash to build the team, get more drills, etc. It really is imperative to focus on Zulu and accelerate progress... the sp should surely follow and he would have the means to accelerate more (a bit of a virtuous cycle). It has been so frustrating to see the sp struggle and for GR to be faffing about with MNH , RHA and Circum... all of which have had a detrimental impact on the sp... I really hope we see this week as the tipping point... good test results will boost the sp and, perhaps, we'll see things accelerate. The other thing which will get the sp moving is if GR steps aside, of course... one day... one day!!!

I agree, Snowking.

I'd have preferred test results sooner but happy that we're almost there. Tipping point is coming... my own view is that we'll go well beyond the rise of 7 months ago when the test results are made public.

Had hoped to see some test results by now to get a rise into the half yearly report which I'm expecting next week.

Perhaps, it should be unsurprising that we don't have anything yet... GR has zero track record of delivering anything in any reasonable timescale but he may well be saving up all the good news for the half yearly report. I've said in the past that there's a point at which the influence of Zulu on the sp will far outweigh any of the negatives in the other projects... I've already called it wrong a few weeks ago... could it be next week?

If the last couple of years are anything to go by then we should be getting a half yearly update next week.... not surprising that GR should say that we'll get some test results this month too then. It seems that there are lots of nervy people out there (not surprising)... volumes are very low though so it appears that not many are actually selling. Big question is will GR deliver the test results?

My hope is that PREM retain 100% of Zulu through to production but I'd want GR to step aside and have a professional team takeover... I should remind folks that the spodumene/lithium is only one part of the picture and I believe that the other minerals will be just as valuable.
Certainly concur on Snowking's valuation of 4p for Zulu's spodumene but I'm expecting the same again for the rest... 0.2 to 4p in less than a year... perhaps another 4p in 5 years time.
However, it is so, so important that GR focuses solely on Zulu and stops faffing about with other stuff.

Here's hoping that the next RNS is talking only about Zulu test results with the half year report to follow at the end of the month.

As mentioned elsewhere, I think the test result RNS (coupled with the increasing spodumene price) will give the market greater confidence in PREM and GR, and, therefore, we should see a much higher sp... with a higher sp, the cost of accelerating the DFS and extending to the EPO area will be much less.

GR needs to avoid anything that would be a drag on the sp, eg MNH and/or RHA and/or any other acquisition.

The next round of funding should then come in October, I hope, with more detailed info about the DFS plan and how the EPO area will be handled.

Things are shaping up very nicely - just need to get these test results out and we need GR to navigate a path that does no harm to the sp.

Have to say that over and above anything else I'm wanting test results first... if they're positive, as we expect them to be, the sp will have a major boost. The rest of the funding for this year will be less dilutive and GR may then be encouraged to bring more rigs onsite to speed up drilling. I'm already of the view that the DFS is delayed, as are most others but I reckon if the sp had been much higher then we'd have seen more progress... ( and I'll just highlight the importance of not doing anything to trash the sp like spending on MNH, for example).

It's PREM, Dazed... nobody believes anything! However, it's not rocket science to work out that we've been waiting for weeks and GR has said that there will be test results this month... could drop any day.

PS I'm not prone to ramping/pumping PREM... quite the opposite in fact... but the big recovery in sp is not far off now.

shareinthis - I think I used the word "speculation"... check the meaning in the dictionary... no factual information intended!

johnny - yes, beyond the first set of test results, it would be good to get frequent results.

Lots of speculation that there's already been a leak and that the test results are stonking!

Snowking - I imagine that they had built up a number of samples waiting for the test lab to get up and running so will want to get those tested before announcing the test results... could be any day now. I'm speculating that some leak of the early results has already happened but equally I think there's been quite a few investors sitting on the sidelines waiting for the right time to jump in. Seems that the time is now. As I've already said, good results should see the sp head well towards 0.5 and excellent results should see us fly.
Here's hoping that some of us long term investors start to see Zulu being realised!

I'm expecting the buying to continue until we get the results and the sp to keep rising.

Positive results and you can bag from here in short measure. Very positive results and we'll be flying!!!

johnny - yes, I feel the same. The sp is well below where it should be at this stage. I think that it's partly historical (PREM's previous record) and partly the other asset baggage. I reckon that the next step up for the sp is not far away... in the end, the assets will speak for themselves.

johnny, PREM seems to be particularly leaky so I fully expect news (to be leaked) any day now. Other factors are that if JG wants to get to 10% then he needs to speed up his buying and I'd suggest that, given previous interest, there are a load of folks sitting on the sidelines who will begin to take positions on the prospect of getting positive test results.

Somewhat quiet here but I suspect that GR is busy, busy. Not only have we got the test results to look forward to but we also should have a half-year report at the end of the month. I'm fairly confident that the test results will look good. Volume seems to have dropped but I think it will head back up as we approach the end of the month and I think the sp should follow up as well.

Snowking - here's something bullish that you missed (and, yes, I'm sober), apart from the lithium, there's a huge bonus potentially with additional precious metals... it might take a while longer to identify and then realise some benefit from them but here's hoping that we'll get some tasty news on this over the next 6-12 months.