Premier African Minerals Share Discussion Threads

[garfield8] 29/3/2017 10:51

0.4 soon lol

[vitec] 29/3/2017 09:56

They don't at the moment because of the number of shares that are going to be sold into the market. The job of MM's is to balance their books and at the same time make a profit. They don't have a crystal ball that tells them they need to hold shares because news is due. We all know news is due we just don't know what news and when. This could be a trickle and then start to pick up momentum and become a flood. I am patient enough to wait for the big profits that I believe will come.

[sidjameslaugh] 29/3/2017 08:04

Unfortunately, what ever the market is,they just don't seem to care.

[timw3] 28/3/2017 20:00

CEO has effectivily bought £300k of shares at 0.5p. Now if that isnt bullish then what is. 2p+ soon imo

[billthebank] 28/3/2017 18:49

Geoge also had £200K in a trust fund and more besides.. Whats not to like here???

[mhin2] 28/3/2017 15:34

i was wondering why gr had nor subscribed...£300,000 is good enough for me...much better than the measly £5000 that ch of ast subscribed for in primary bids offer. gh now has vested interest to get the share price moving...esp. after the last sub 0.2p subscription, which I suppose was just about acceptable because it was pre circum and darwin had outstanding clns. Now we need news

[mhin2] 28/3/2017 15:33

Loan Agreement with George Roach -

Loan Agreement Conversion Rights

Premier African Minerals Limited, the AIM-traded, multi-commodity mining and resource development company focused on Southern and Western Africa, announces that it has amended the terms of the existing loan agreement ("Loan") with George Roach through the grant of conversion rights.

On 15 September 2015, George Roach provided a US$300,000 loan direct to Premier for the use at RHA Tungsten (Pty) Limited ("RHA"). The loan is unsecured and accrues interest at a rate of 3% per annum. As at 28 March 2017, the loan and accrued interest totalled US$ 309,457.

The Board has granted conversion rights in respect of the Loan, which can now be converted into new ordinary shares at a price of 0.5p per new ordinary share (being the same price as the offer price pursuant to the PrimaryBid Offer as announced on 27 March 2017).

just need gr to convert...tomorrow hopefully...yes more dilution, but ofset in balance sheet, effect should be neutral....merely sentiment, and more skin in the game

[vitec] 28/3/2017 15:30

George can now convert his loan into shares. If he has asked for that to happen then you can be sure that he believes he is going to make far more money from having shares then earning 3% interest per annum. Granted it was an unsecured loan. Onwards and upwards!

[highly geared] 28/3/2017 10:16

About 60% of the placing shares were churned yesterday by placees selling existing holdings to book a profit. There may be a bit of weakness whilst some look for a quick 5-10% but the value to be unlocked over the coming months is multiples of the current share price.
Perhaps punters need to have a 10 month rather than a 10 minute timescale?

[mike_f] 28/3/2017 09:14

Why don't you sell up then Sid?

[sapper2476] 27/3/2017 20:38

I do like a random guess. Probably go to 1p tomorrow....

[barnetpeter] 27/3/2017 18:09

Probably fall to about 0.48 to buy this week.....I bought more at .5 and thats for a bit more than this 10 per cent.

[1madmarky] 27/3/2017 13:29

31st March

[abdiel1812] 27/3/2017 13:01

When are those who took part in the placeing over the weekend able to sell, doesnt it useualy take a few days before they have the shares to sell?

[mhin2] 27/3/2017 09:23

tem, have wsbn finally been able to complete their order and expand...a lot of movent in swp without news...a leak?/insiders?

[mhin2] 27/3/2017 09:09

Darwin warrants at 1.25 and 0.84p Dl has warrants at 0.8p....would be good to know if directors/DL subscribed

[1madmarky] 27/3/2017 08:29

The price drop is down to those who had a position, who bought in the offer, thus owning more than they are comfortable with. So sell now for 10% profit..... easy.
AIMHO...of course

[vitec] 27/3/2017 08:25

I am staying put for the time being. Think bigger profits to come. Plenty of news to come out its just a question of time. No more fund raising for the foreseeable future. It is now how profitably George you can use the funds to move the business forward

[sorrento06] 27/3/2017 08:22

Tool, this should be over 1p but due to traders and warrants it will struggle until JV. Even then I think it will struggle to hold on to gains. As soon as I'm in profit I'm out.

[stealive] 27/3/2017 08:20

Mine open this Friday for production according to David lenigas

[vitec] 27/3/2017 08:15

If the offer was so oversubscribed there must be larger investors wanting to still get in. Paying a premium to the offered placing price will be small fry compared to the profits that can be made. The early action this morning is profit taking but I think a lot of these shares will get hovered up as the story gong forward should offer great rewards

[mhin2] 27/3/2017 08:05

tem, yes I bore that in mind when subscribing here, but prem dont have any ourstanding cln's. Of course some people will sell current holdings to pay for subscription, but only above subscription price. Plus it is not in Darwins interest for this to fall below 0.5p since they own Primary Bid!

[temmujin] 27/3/2017 08:00

mhin..thats what they said about AST placing price 1.85p..went below 1.65p