Hi Piav62,Not all of the major shareholders are in the green...

Hi Piav62,

Not all of the major shareholders are in the green right now.
I started buying in late 2017 and I feel your pain. I have learned so much with Prospect, to me it is priceless. And I am lucky I could relocate some funds from other lithium companies I hold. I supported Prospect and I took all my right shares and in addition also a 7-digit amount of shortfall shares at 0.05 AUD. Now I am in green at those SP-levels.
You have waited for so long, I would suggest you to wait till Uranium One is buying us and then you will be in green as well.

Sinomine, our 3rd largest shareholder and offtake-partner for 41% (DFS figures - the recent doubled petalite recovery not considered) of our lithium spodumene and lithium petalite production for the first 7 years is in red as well. Their breakeven point is at 0.49 AUD.
Whatever Uranium One will offer us, it must be well over 0.49 AUD.

Lord of Seven Hills is our largest shareholder after the rights offer with a breakeven point of 0.146 AUD.
June 2019: 25'900'000 shares x 0.17 AUD = 4'403'000 AUD
They held those shares until the rights offer and they supported PSC and took all their rights shares.
25'900'000 hold shares : 4 = 6'475'000 right shares (323'750 AUD).
Now they hold the sum of these figures, 32'375'000 shares, that is 11.32% of PSC.
4'403'000 AUD + 323'750 AUD = 4'726'750 AUD total invested amount
4'726'750 AUD : 32'375'000 shares = 0.146 AUD

Pitt Street Research second PSC report of 14 January 2020 valuation range is 0.80 AUD - 1.31 AUD per share.
"... We value PSC at A$0.80 per share base case and A$1.31 per share optimistic case using a DCF approach with assumptions on spodumene and petalite prices from the DFS..."
https://www.pittstreetresearch.com/prospect-resources
(The recent doubled petalite recovery and offtake deal with Sibelco is not considered)

From what I have seen, like the Wesfarmers - Kidman Resources acquisition, the buyers pay approximately 50% premium of the last 30-60 day volume weighted average price (vwap) / closing share price.

Afreximbank knows now that 100% of our petalite is sold with Sinomine and Sibelco. If Uranium One would soon agree to buy the remaining spodumene, then all our produced products will be sold and the required CAPEX is 100% derisked to be paid back in 1.5 years as mentioned in the updated DFS. Therefore I believe Afreximbank is going to arrange us the debt facility.

With the appointment of Renaissance Capital I absolutely believe Uranium One is going to buy us!

Good luck to all shareholders.

And as always.
This is my personal opinion only and it is not financial advice. Do your own research.