Member Info for steward1

Highly unlikely that there will be a JV any time soon. Any potential partner will want confirmation of what is in the ground and we also want that so that we get an accurate valuation... haven't touched on any of the likely other minerals in the ground yet so a JV isn't going to/shouldn't happen until next summer, I'd suggest.
I suspect that GR will push this independently as far as he can to get the max value out of it.

Would be interested to know if/how these figures impact Tedoby's analysis?

Wow - a very positive RNS from GR with no negatives... looks like a positive week ahead!

Heading towards 0.3p, I think!

Hey Snowking - I find my self agreeing with you again... not sure what is going on! If there is the lithium in the ground that we think is there then, no doubt, Zulu can add at least £1bil to a co's market value. Consider the other precious/rare metals that could be there too and Zulu could be worth the same again.
As for the Zim risk, they need taxes, they need jobs, they need projects like Zulu to go well so that they can prove that the country is worth investing in. I don't think that they're going be stealing anything when it can be proven that there is enough to go round.
Those projections though are no good if GR decides to give #% away on things like RHA and MNH.

Snowking -re-rating will come when we get positive results. IMHO, as long as results continue to be positive, that should signal a rise to 1p or 2p (who knows... that could be this year) and then it really gets interesting...
yes, there will be the clamour from off-takers and jv's to get a piece of the lithium action but there is also the prospect of gold and other minerals in the ground which could prove just as valuable as the lithium.
All the more reason to focus on Zulu - I'd like to see GR's plan for catching up on lost time and accelerating the DFS for the pre and post EPO areas. I'd like him to have a plan for gold, etc too. Once the sp takes that next hike up, he should be ready with the above to do the next dilution (at a much higher price than current) and get the financial backing he needs.
The sentiment here will shift massively if PREM can show a clear plan and progress rather than the current delays and seemingly haphazard approach... if it means that he needs to bring in a more professional CEO (and he does) then he should get that dome sooner rather than later.
If he gets a market cap of hundreds of millions this year, who cares if he then spends a few million on RHA or MNH...he has to get his priorities right though!

I think he meant 1p... maybe 10p?

Snowking - I agree that it would be great if GR can get £2m income a year without RHA having any impact on Zulu. ANd it would be great if NIEFF put up the funds and if he had an off-taker ready to step in. History suggests otherwise but it would be great if I am proved wrong.

Agree Bick - and he still hasn't given a date for completing the DFS. He says the timescale is the same but no-one knows when the starting gun went off!
As for beginning to look at the EPO area, he's not mentioned the cost of that anywhere!
Is the lab on site? Is it still in Customs? Is it on the road?
He just isn't able to give any clear information.

Wouldn't be surprised to see this head back to the last fundraising price.

Spot on, Bickmaster... apparently GR has been speaking to off-takers for quite some time and he hasn't been able to get a deal over the line yet.
I'm not hopeful of anyone buying it - the purchase price and re-starting costs will push back a break even date to 4 or 5 years and will take a big chunk out of profits. Which small company (because it won't be a major) would be prepared to put up $4 or $5 mil for a unproven mine with a chequered history to (hopefully) get a return in 5 or 6 years?
The only hope is if the price of tungsten rises much further.

Hopefully, we'll get some test results in September sometime - there's the chance that the next fundraising will be announced as well.
Meantime, the drift is on!

I bow to you, Chuggley, the bigger man!

You seem to know my character, Chuggley, therefore you must know that I couldn't commit to that undertaking! Sorry!

You're getting a bit personal now, Chuggley... name calling gets no-one anywhere!

Chuggley - I'm not so arrogant to think that my comments on here have any impact on the sp. Perhaps, you think that your constant posting makes a difference... how many times have you posted your rewritten RNS on here, Facebook and Twitter?

I absolutely don't agree that Prem's issues have been down to in country politics... especially given that our esteemed leader "knows and understands the region, the politics and mining"... your words, not mine! I'd be happy to elaborate but, again, I'd suggest that you do your own research... was the plug pulled on RHA a few years ago because of issues in getting to production and GR not being able to deliver or because some politician pulled the plug?

Hey Chuggley - I'm certainly not a trader and I've been consistent all the time I've been invested since 2017... I'm here like 100% of other folks because of Zulu, anything else is a distraction or, worse still, it robs Zulu of progress and I've consistently said that GR should go.
The only thing that GR has delivered of any substance is the Zulu EPO - if you would bother to look back at the history, you will see the millions that have been invested with zero return.
I've consistently said that at some stage the news flow from Zulu will eventually outweigh GR's incompetence... hasn't happened quite yet.
With Zulu, GR is way, way out of his league and needs to go! With the Zulu asset and the granting of the EPO 5 months ago, we should have been seeing more progress and more positive news long before now. Unfortunately, GR has saw fit to bring both MNH and RHA back into the picture in 2 disappointing RNS's... the issue is that his headspace and resources isn't focused on Zulu and he is pursuing other projects - it isn't about poorly written RNS's.
Oh and I don't think that this discussion board or any other is here only for rose-tinted, back-slapping, Trumpesque, ramping types!

Snowking has been saying that there was a deal for RHA for months too and one might have thought that if there was an RNS about RHA we would have heard about that deal.... but no!

As for Circum, consider where would we be if GR had spent the money raised for the Zulu DFS 4 years ago on the Zulu DFS and not on Circum!

Happy - as you said, the market didn't like the RNS. Presenting a rose-tinted view of PREM is disingenuous and unhelpful. What would help would be if the big shareholders put pressure on GR to step aside.

It seems that Chuggley must have the last word!??!
At best, PREM might recover some of the £20mil plus that GR has already sunk in to it... if he's that convinced that it will return £20 mil why is GR not putting up the funds? Something doesn't stack up!!

Chuggley - there are some politicians who could do with a spin doctor like yourself!

Apparently, the market is king and the market didn't like the update on Friday.... delays with the Zulu DFS and RHA has raised its ugly head again!

Not sure which negatives I'm making up, Chuggley?
Bottom line is that GR has potentially the biggest lithium deposit on the planet and he's had 5 months to get traction - instead of making progress on Zulu, he's fannying about with his pet projects.
What is happening with MNH, btw... any income received from that yet?
Haven't heard about Circum for a few months... anything happening there?
Deja Vu!!!!