Premier African Minerals Share Discussion Threads

[sorrento06] 03/4/2017 18:58

June? Not sure if that's right. Read it on the other board.

[rizler] 03/4/2017 17:58

When we expecting the assays?

[dingo75] 03/4/2017 15:54

this month could be the first full month of full scale uninterrupted production at RHA.
Therefore the start of $700,000 per month into PREMS coffers.

looking forward to those Assays @ Zulu.

[mudskipper73] 03/4/2017 15:02

Videos won't move share price. I remember MSMN jumping from 8p to 43p odd based on videos of oil samples they spooned from the ground.....

[mike_f] 02/4/2017 20:22

A nice day at RHA... great weather and great production video youtu.be/Hx5O57BknMI

[billthebank] 01/4/2017 10:05

vitec I agree that is a really good post I also believe that the Zimbabwe effect is also to be taken into account. Just look at ASA resources where they have a profitable company Indeed producing 60K tonnes of gold/annum Costs are high @$1000 US but looking to ramp up to 100k tonnes in the next 6 months Similarly valued to PREM @ £30M So just on the gold mine in Zimbabwe are valued on a P/E of 1.5 The fact they also have other assets shows that there are just some companies out there that are incorectly valued. Oh BTW dont get me started on JLP (Now that share is rdiculously under valued!!!!!!!!!!!)

Oh and guess who has shares in all of those!!

[vitec] 31/3/2017 22:55

mhin you are widely out on the MCap. Prem are currently valued at 23 million pounds!If they go to a penny a share that will take them to 40 million plus and 2p a share to 80 million pounds plus. It is not unreasonable for the share price to double, treble or even quadruple with the assets they have. It is all about timing and how successful they are at monetizing those assets. At this time they only thing that they have consistently done is issue shares and PI's have seen the value of their investment go down. I am bullish but have been when there was 10 times less shares in issue. I know all of the arguments about raising finance so as to have a bigger company etc etc but now is the time to see some revenue and profit. Only this and liquidation of assets (Circum, Zulu possibly) will propel the share price to where all of us would like to see it.

[highly geared] 31/3/2017 19:15

Mhin , as NY rightly notes, a little patience is required. By the end of May we'll have a maiden resource on Zulu+ RHA will be ramping up to full production with payment increasing.

Prem should be north of 1p in June without any hype, hot air or froth, simply a sum of parts valuation. They have solid, in demand, assets and a revenue positive tungsten mining operation that supports the current market cap in its own right.

The history of dilution and Darwin will take time to fade reputationally, but the main man has skin in the game like us, so interests hopefully aligned.

[mhin2] 31/3/2017 16:26

What I find mad is that prem get Us20m dollars loan repaid from RHA, thats about 18m pounds...if that happens prems mcap is what £6m! with income from RHA, circum etc. etc.

[highly geared] 31/3/2017 13:04

Sid; sell out then and move on...

[ny boy] 31/3/2017 09:45

Patience folks, will be above 1p in Q2

[sorrento06] 31/3/2017 08:47

As long as they don't sell them immediately

[timw3] 31/3/2017 07:50

directors taking payment in shares. bodes well to me

[sorrento06] 31/3/2017 07:50

Ring a ding, Trough boys! Fill your boots!

[sidjameslaugh] 31/3/2017 07:23

And so it begins

[highly geared] 30/3/2017 15:27

So good you said it twice...
It's my view, could well be wrong.

[sidjameslaugh] 30/3/2017 14:45

Sorry. But that is pure fantasy. You have no idea if forward selling has been completed or otherwise. That's as bad as saying tomorrow they are placing another billion shares. Strewth.

[sidjameslaugh] 30/3/2017 13:10

Sorry. But that is pure fantasy. You have no idea if forward selling has been completed or otherwise. That's as bad as saying tomorrow they are placing another billion shares. Strewth.

[mike_f] 30/3/2017 10:08

Good post HG, nicely summed up. Exciting times ahead here. I feel the downside is very minimal now, the only way is up! :)

[euclid5] 29/3/2017 20:15

if he converts his $300k loan into 0.005p shares that another 48m shares he is buying

[highly geared] 29/3/2017 19:56

By tomorrow, forward sell on holdings in lieu of placing share allotment will be finished and the 5-10% merchants will be out ,leaving a balanced book. Equally ,if £2 million of shares have been shifted , £2 million have been bought.
The next 6 months will see this company transform as RHA becomes revenue positive , the $20 million back cost payment starts to filter through and the maiden resource is announced for Zulu.

A JV for Zulu will likely follow the maiden resource so all to play for between now and July.

Circum and Casa add yet another liquidity angle.

[mike_f] 29/3/2017 12:07

I hope so garfield, I will put the house on it!

[garfield8] 29/3/2017 10:51

0.4 soon lol