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Very, very interesting, ASI.

On pros - I'd add the BP reorganisation and support of existing lenders.

On cons - despite what I've said about AP, the management track record has been poor historically!

I'm sure he was careful, ASI - I've not met him so you have an advantage over the rest of us. You can get the measure of someone much more face to face and how they interact and respond. Despite those who suggest that he's a lifestyle CEO, my assessment is that he's determined to turn this around. Absolutely no doubt that he could have done things differently but there have been some 'bad actors' working against him. And, of course, the loss of a close colleague and friend does something to an individual. I'm hopeful that he'll turn this around... but if he gets any reasonable offer for BP, he should take it!!!

And in making those investments, ASI, you and Jones will do your own research like most of the rest of us... VAST is a recovery play and Jones has certainly concluded that AP will do sufficient for the sp to continue to rise. The risks are within his tolerance, as you say. The rewards could be high.

No-one knows the future so any investment, based on official company updates or not, is speculation... even yours.

For my part, the recovery has taken much longer than I anticipated but I am very hopeful that AP will turn this around... over the last year, I think he has been doing the right things. The court supervision, for me, means that he has a viable plan and that he can't do anything reckless.

I might be wrong but I think that Jones has met with AP.

Loyaltrader - could it be that AP doesn't need a placing because BP is now wiping its face and the carry forward from the last half has been sold and the income from other projects is now coming through... which leads to a new finance deal. Perhaps, he put his own cash in because he knew that it was going to be repaid in short order.

The fact that there has been no placing has to be good news.

Mr Jones adding again!!

Very interesting times ahead! As I've said before, AP is doing what one would expect given the circumstances. With the recent bounce back of the sp, I reckon that his strategy is now bearing fruit... as for the rumours, they could be true. And the market cap is still sitting at only £6m!!

There is absolutely no way that Trump is having direct, publicly-announced communication with Putin unless there is going to be positive news announced.

Very disappointing that we haven't heard anything about the shipment - patience is the key I suppose. Interesting that there was increased volume and a spike around the time of the EU/Bolivia meeting. I'd be surprised if the shipment wasn't mentioned in passing. With another increase in volume last week and this week, l wonder if there is some movement on that now. Would a shipment leaving Bolivia be sufficient for an RNS... possibly not but there are other ways of getting some info out.

Here's a snippet from a meeting between the EU and Bolivia 6 weeks ago -

'The European Union reaffirmed its interest in continuing to cooperate with Bolivia in support of activities related to the environment, climate change, governance and human rights. The EU aims to assist the development of Bolivia’s renewable energy resources and socially and environmentally responsible investments in critical raw materials, mainly lithium, leveraging EU funds supported by the EU-Bolivia Multiannual Indicative Programme (2021-2027, with an allocation of €134 million) and in the context of the EU-LAC Global Gateway Investment Agenda.'

CLON are part of Team Europe and some of those funds should find their way to supporting CLON's potential projects. I'd expect some positive news soon.

You can find the whole release here https://www.eeas.europa.eu/eeas/bolivia-high-level-dialogue-between-eu-and-bolivia_en

I'm still holding - some good news could see a similar jump to the one last June 0.02 to 0.12! Would be good to get an update from DH - I suspect that there's some movement behind the scenes given today's and last week's volume

If Canmax opt to swap the 'debt' for a direct holding in Zulu, they'll still only have circa 45%. One of the options that GR will be negotiating is for either Canmax to take all of Zulu for another $55m or so, or to increase their holding to 60%+ to cover the remaining $17m debt. If the former, you can work out that Prem will have a healthy bank balance. If the latter, Prem have no debt whatsoever and 35% or so of Zulu... what value would you put on the sp then?

If Canmax don't want to play ball then I'm sure that GR will attempt to take Prem into some sort of corporate solution.

Of course, if GR has the audacity to think about re-starting RHA then perhaps one of the options above has been given the green light by Canmax.

As I've said, plenty to play for here.

Shorters need to be careful - GR is unpredictable. I'm sure that he will be trying to fashion a deal with Canmax to get Zulu over the line... whether that succeeds or not is speculation but, if he does, shorters will get burnt. If he doesn't get his deal, he could go for a corporate solution which would immediately suspend shares and shorters along with everyone else will be in a pickle.

At different times, shorters have said that Prem will go bust and have been dismissive of the agreement with Canmax even suggesting that Prem won't even get to 1st April. But they've also suggested that there'll be another fundraise before then... not sure that those two thoughts are compatible. Their goal is paint as bleak a picture as possible and part of their approach is to dismiss anything that doesn't suit their agenda.

If nothing happens between now and 1st April, Canmax have a couple of choices... both of which remove the debt to Canmax from the balance sheet and which IMHO will benefit shareholders.

Will shorters have the b##ls to hold beyond 1st April?

Of course it is.

Am I seeing right? And only cost just under £25K.

Jaglith - clearly, you've chosen to ignore what I've said about GR. I've been calling for him to resign since 2019! Not to be trusted but, if anything, he is shrewd when it comes to contracts and agreements and knowing how to protect his own position.

BTW, I've never claimed that I get every call right but, by pointing out someone else's error, you're implying that you do!!! Show a wee bit more humility mate!

Jaglith, if you're in agreement that Canmax will take 100% of Zulu then there is a high likelihood that Prem will have around $30-40m in the bank and no debt whatsoever... in that scenario, you think the sp is going to fall????

As I've said before, it is in everyone's interest for Zulu to get producing SC6 except for shorters and vultures.

There is a simple sum (perhaps, oversimplified) that takes the value of Zulu within the agreement of $100m and the debt/liabilities of $60m+. If Canmax honour the agreement (which I think they will) after 1st April then the debt to Canmax ($40m+) is written off in exchange for a 40%+ holding in Zulu or they can increase their holding in Prem.

The first 'gamble' here is whether GR can get Prem to the 1st April. Whilst some will put a different spin on this, none of the trade creditors have taken formal action against Prem and I'd suggest that this is an indication of support. There is no way in telling that the trading over the last week has been the creditors selling off the placing shares... I'm sure that there has been a few but 4.8 billion of the trades might have been Prem selling their placing and a good chunk of trades will be individuals either selling or buying.

There is a risk that GR himself opts for some sort of corporate solution - I reckon his prime motivation will be retaining his own role within Prem. Last week's corporate update signals this but I think that this was more for the benefit of Canmax... GR threatening to take action if they don't support him.

BTW, this is a serious risk for shorters - GR could take action which results in a share suspension and they will not be able to close their positions.... there is no one way street for shorters!

The second 'gamble' is whether Canmax will honour the agreement. I think they will. There is then the question of how they do that - will it be partial ownership of Zulu or shares in Prem? And then there is what they do after that? Will they buy the rest of Zulu? Will they move to remove GR whatever happens?

And for shareholders and shorters, where does the sp land? Any indication that Canmax will honour the agreement in whatever form will cause the sp to soar, IMHO!

I'd respectfully suggest to Jaglith and Martinigirl that there is plenty to play for yet... call it a gamble or whatever but I'm enjoying this!

Why 0.20?

Depends on whether you think the sp will drop or not!

Steffffi - 1st April is when Canmax can take either part ownership of Zulu or shares in Prem because, by that time, GR will not have delivered sufficient (any!) SC6 in accordance with the pre-payment agreement. In return, the debt to Canmax will be paid off. If the former, Canmax may then buy the rest of Zulu... based on the agreed valuation of $100m, Prem could be in line for a good chunk of cash but IMHO it would be better for Prem to retain part ownership of Zulu. If the latter, there would clearly be a placing but the balance sheet would look way, way better. Either way, Canmax would fix Zulu and provide the funding... one might then ask, why have they not done that already? I'd suggest that GR is the number one reason. Canmax can honour the agreement and then remove GR... for the Chinese, it's important to act honourably and this would be the right way to do it. As you'll see, some shorters on here are taking a different view.