Member Info for tradedesk

It traded at £225m market cap at its peak and, to be fair, that wasn’t based on a random tweet. It was driven by GR taking Zulu into production, with infrastructure in place, supported by Canmax through offtake and funding arrangements, as well as direct equity investment into PREM at around 0.40 per share.

It ultimately unravelled because the Stark plant failed to perform, but if it had worked as intended, the valuation was entirely justified.

GH obviously inherited the fallout. The current situation is straightforward in principle, if the Xinhai flotation plant and modifications work, and commercial grade recoveries are confirmed, PREM is effectively back in serious business because a functioning process flow unlocks real interest from majors and gives PREM optionality again, everything clicks then. They’re operating in survival mode at present. High risk but very high reward.

None of which of course matters in the near term. One operational update confirming grades and recoveries and the company is back in business.

If the Xinhai flotation plant and its modifications succeed where Stark couldn't, it would be a major repricing event for PREM. In that scenario, I expect Xinhai would be keen to strengthen its position rather than allow Glencore to gain a foothold. Xinhai have been actively buying into/getting involved in projects all over AIM recently from Arianna, East Star and African Pioneer.

@Tyranin No, essentially anyone that wants to flip the placing shares will do so prior to admission, post admission you tend to find the pressure easing and the stock lifting higher.

I don't know if you mean me but that's not what i said at all.

@Tyranin theoretically, formal forward selling against a new allocation only starts the minute the RNS lands, as the market is then fully informed. Prior to the announcement, any institutions involved in the pricing discussions go through a formal wall crossing process, which legally restricts them from trading until the deal is public.

However when a share price drifts downward in the days leading up to an announcement, market observers generally attribute this to anticipatory selling or market speculation by participants who anticipate an imminent fundraising.

Correct. This isn't really up for debate. Apart from placings that are conditional on an EGM, placing allocations are effectively tradeable from day one regardless of the formal admission date.

The idea that placees simply sit on a guaranteed discount for 5-10 days and absorb market risk until admission doesn't reflect how the AIM market actually operates. Allocations are routinely hedged, forward sold, matched against borrowed stock, or facilitated through extended settlement arrangements. The economic interest changes hands immediately, even if the legal settlement occurs later.

That's precisely why the overhang appears the moment a placing is announced and why substantial buying volume often struggles to move the price. The market is already clearing the overhang. Admission is largely an administrative event, the trading impact begins immediately.

If that happens don't expect the share price to stay below 0.05. In fact 0.10 would likely be breached quite rapidly.

Hasiba, i agree with you. To raise at practically no discount speaks volumes. I think discussions with Glencore will intensify now.

Boom. Great funding news from BZT.  What we’ve been waiting for since last October.

Excellent terms.

Well done Colin!

Full steam ahead now for BZT. Let the re-rate begin.

Deal on track to complete in approximately 30 days

"providing substantial non-dilutive funds outside of traditional funding sources"

https://youtu.be/dacwBN7PFwU?si=g8Y4wUHZpVyWVTsM

They've turned a huge corner now, moved away from CLNs and overcome issues they had with 79th Group. In my view a rerate back towards a double digit share price in the coming weeks/sessions is inevitable.

They've sign posted a significant asset sale too:

03rd June 2026:

Further to the Company's announcement of 5 June 2025 regarding the execution of a Letter of Intent in relation to the proposed monetisation of one of its Ontario assets, the Company is pleased to report that material commercial terms have now been agreed between the parties and the definitive transaction documentation is close to being finalised.

The transaction has now entered the final completion phase, with only customary legal formalities, funding settlement procedures and closing mechanics remaining. The parties continue to work closely together and are working towards the conclusion and execution of the definitive agreement expeditiously.

The Company believes the transaction, once completed, would represent a significant milestone for the Company, providing substantial non-dilutive funds outside of traditional funding sources, whilst maintaining exposure to future additional funding opportunities associated with the property.

It was very difficult to buy, kept moving up and instantly into NT. The float seems to be incredibly small and tightly held. We may gap up and hit 40s tomorrow. £100m is a lot of fire power now.

Great times ahead. "Production in early 2027", that's just months away.

"These funds will enable us to accelerate exploration and development with the goal of achieving production in early 2027"

Https://www.lse.co.uk/rns/ARCM/holdings-in-company-dtkfrw4vxe4fdrk.html

Karl-Erik von Bahr taken 3.27%

It's only £217k, nothing really. Decent price too at 0.0185. Encouraging that they're happy to take shares, allows PREM to preserve the cash. A hot commissioning update should be imminent.

I don't disagree on variables. It's a modular set up, if it works more flotation plants can be added. By that point who knows gobbled up by bigger fish. Nice problems to have.

The previous peak was about £250m. That would put the share price around 0.6/0.70.

Lithium Spodumene prices are up 72.8% YTD at $2,675/t SC6.

If Zulu performs, at 35,000–45,000 tonnes of SC6 production annually, revenues would stand at $94M–$120M. Based on operating costs of $800–$1,200/t, looking at EBITDA of $52M–$84M per annum.

On conservative P/E of 8 that's about £672m thats about 1.8p-2p

The market is forward looking. On success a lot forward upside can be priced quite quickly.

This is a largely pointless conversation because it all comes down to one thing: whether the plant works. If stable spod production is achieved, the market rerates the asset and all the hypothetical takeover/enforcement theories become background noise.

Acker,

He is CEO now.

03rd Sept:

the appointment today of Mr Graham Hill ("Mr Hill") as an executive director of the Company with immediate effect following his engagement as Premier Managing Director as announced on the 27 June 2025.

https://www.lse.co.uk/rns/PREM/board-changes-utc4bg2a0n3smw9.html

Mr. Hill was most recently Chief Operating Officer of ASX and Main Listed Adriatic Metals PLC, where he oversaw the pre-feasibility, feasibility and development of the Vares Project in Bosnia and Herzegovina.

Graham Hill was appointed COO of Adriatic Metals in April 2019.

At roughly the time he joined, Adriatic Metals market capitalisation was about A$85–90 million by the end of his tenure in 2025, the company had reached approximately A$2.15 billion peak market cap around US$1.4 billion equivalent.