Member Info for steward1

The news due on Zulu will trump any dilution for MNH... very positive news. He's just got to do it in the right order... Zulu funding news followed by dilution. Glad that GR has confirmed that he's had multiple approaches and that they're working through them.

Hey R1 - I've always thought that there are some groups acting disingenuously behind the scenes. I heard recently that one group accounted for 20% of PREM shares - has to be a temptation there to shift the sp to their advantage... certainly got the firepower to do it. News and momentum will take this higher but, in the meantime, there could be more days like yesterday.

Didn't expect this kind of reverse on the sp and yesterday it was driven down further... a lot of people in for a quick buck. Seems to me there's a choice to stick with it for at least the next news drop (and much longer) or to jump ship as soon as there's a dip.
GR's track record on doing a deal isn't great (have to admit that) - I'm hoping he's just wading through all the fantastic offers rather than p##sing off all the potential partners. Really hoping that this old leopard has changed its spots!
It's never going to be a straight line to 7p in 3-4 years time - some bumps in the road to come.

I'm guessing wedge but I reckon that prior to last week, GR had serious interest and may have progressed discussions quite far. The granting of the EPO, though, is likely to have attracted much more interest and perhaps more attractive offers. He'll need some time to review and discuss. There was a comment he made about having letters of intent - if that's the case and he's not settled on the future then I suspect that he's had a lot more attractive interest... which, for me, is good news!

Never liked rollercoasters!
I'm hoping that GR will learn from the last few years and keep the info feeding through... whether through official or unofficial channels. Video at the weekend was good. No doubt, he will have had serious approaches - a flavour of the offers being considered would be good.
For battery/car manufacturers in particular, securing lithium supply will be make or break... in an environment where there's an increasing rush to EV and where demand will outstrip supply, some could get left behind or could even fail... what price would you put on preventing a large car manufacturer failing? It wouldn't surprise me to see Musk, the Chinese or private funds looking to get a stranglehold on lithium supply.
This is a more and more compelling buy as each day goes by... for GR, I think he'll need to move over to let the big boys in at some stage but I'd like him to hold on to as much as PREM as possible for as long as he can... back to my old chestnut... sell-off whatever other assets PREM has to progress Zulu!!

VW expecting to double EV sales this year (+450,000). BMW expecting +50% by 2025.

The revolution is on and will really gather pace in 3 or 4 years... just when we can expect Zulu to be delivering!

The next RNS could drop anytime... today, tomorrow, next week - and I'd suggest that we'll see anywhere between 1 and 2. AIMHO! Just can't see the logic of selling or trading until the next RNS and risk being out when the next big news drops.

Whilst GR had some serious interest from potential JV partners prior to Friday, I reckon that more have contacted him/his advisers over the weekend. No doubt, he'll be weighing up all these approaches and negotiating. Hopefully his head is spinning with offers! Not sure that we'll hear tomorrow - I'd rather that he took his time to get the best deal. A holding RNS to say that they're in discussions would be helpful.

I'd be concerned if things dragged on until the end of the month, though, without any news.

I agree, Acker - completely different ball game now. I've never been a trader but I'm guessing that the opportunities to trade PREM have reduced significantly... trend will be upwards from now and I'm expecting some big jumps on upcoming news.

The ups and (mostly) downs of the last couple of years are now behind us. The world is in a different place and the environment for Zulu is completely different compared to when GR first applied for the EPO... lithium price has increased, demand for lithium will outstrip supply in the next few years as the shift to EV gathers speed, demand will be global, lithium price will continue to increase, size of the EPO'd Zulu will now attract majors, manufacturers looking to secure supply... what do you think any of them will be prepared to pay to get a foot-holding in one of the biggest, if not the biggest lithium deposits in the world. All of the above suggests an acceleration of the development of Zulu and, whilst GR has pulled this one out of the bag, I can't see him being at the helm beyond the DFS... big money will want a top manager in place. He can feel pretty satisfied though that he's managed this... PREM is a compelling buy now.

I wonder what price we would sell up at? £100m? £200m?
I've never been a fan of GR but have said in the past that he should "end well" - he's no spring chicken and I wonder if he would be prepared to sell up. My guess is that he will want to see the DFS done but everyone has their price!

I suspect once the US has woken up, we'll see the sp rebound.

I agree, Acker.
GR is now in a very strong negotiating position, though - the strongest that he has ever been in. For me, the overriding factor is that manufacturers will be looking to secure supply... the lithium price will continue to rise as a result. Whether it's the Europeans, Chinese, Japanese or the US, his lithium is going to be in demand. I wouldn't be surprised if he's now fending off all manner of offers and wouldn't be surprised to see some notices of increased holdings next week.
Whereas, before he had the begging bowl out, he can now name his price. I've long held the view that Zulu should be separated out as a separate co... let's see what he does next... surely an interview is due over the weekend?

MM's taking advantage of sellers... sp will rebound today.

I guess that it was too much to ask for GR to have a definite plan that he could announce now. He just needs to take his time to get the right deal... patience!
Watch for the rebound though!

GR will issue an RNS.
He needs funding - I'd be telling him now to do an RI...don't borrow the money, don't do a JV unless it is a stonking deal!

It's always been Zulu Lithium (Private) Limited - a subsidiary of PREM

He's only gone and done it!!!!!!!!!!!!!!!!!!!!!!!!!

The better question about market cap is whether it reflects the assets or the potential of the assets... Circum and the other assets alone would account for the MC... if the Zulu EPO materialises then we're talking multiples of the current MC... and then multiples of that when it's in production and returning a profit. Despite my objections to GR, sincerely hoping that the EPO is granted today/Monday.

... so that's almost 20 times the current price!!!