Premier African Minerals Share Discussion Threads

[billthebank] 30/5/2017 12:11

Hovering presently until next piece of news.

[gymratt] 30/5/2017 10:51

Thank you, Mike. Fingers xxd ! ;@)

[mike_f] 30/5/2017 09:42

Welcome aboard Gymratt, your timing could be very good with news on Zulu expected any time now. GL

[gymratt] 30/5/2017 08:42

Took a nibble @ .568 (showing as a sell).

[dingo75] 26/5/2017 17:52

did anyone see the podcast though with that weird bloke on proactive?
george looked like he was about to die of nerves.
loooked unsettled. to say the least.
but once they get these bloody ZULU results out ( which are taking a hell of a long time )..........

[mike_f] 26/5/2017 15:44

Getting a little overweight in this, just bought some more :) can only seeing going one way in the short/medium term. GLA

[billthebank] 26/5/2017 08:28

Will 're iterate just be patient boys.Once the cash flow settles down this share will really start to shift partic as that debt is reducing and the money rolls in.

[mike_f] 26/5/2017 08:08

Feeling a blue day today and hoping for Zulu news next week!

[dr jekyll] 25/5/2017 16:28

Surprised to see the drop today but it will move up soon.

[mike_f] 25/5/2017 13:55

Hi Bill, yes I was being facetious :) just nice to actually be a producer now and be able to fund/partially fund explo work moving forward. Zulu news next! GLA

[highly geared] 25/5/2017 11:05

Billie,correct. From memory we have fifty odd percent of RHA.The LOM extends out decades so provided the tungsten price holds up, this will be highly cash generating.
Zulu will be icing on the cake, ditto Circum/ CASA.

[billthebank] 25/5/2017 09:19

Mike we dont get the $20M NOW!! as they dont have the capability to pay that amount back. I cant recall how this is being paid but from memory I think we get all the profit until the $20M is paid then we have to share!!! Could be wrong but that is how I recall the situation?

[hiddendepths] 25/5/2017 08:32

There's clearly been a seller around for a week or so and offers have been well within the screen spread. My purchase was below the mid price and was reported as a sell as a result. Such things happen in every stock from time to time and when the seller finishes there's usually a decent rebound. I don't think it'll take too long to clear this seller as the volume's been pretty good of late.

[ruhel] 25/5/2017 08:17

Surprising....lot of sells. Hopefully another RNS will state how much we are producing.

[vitec] 25/5/2017 08:13

I thought that there would be a bigger appetite for shares today. Re-reading the 3rd May RNS it states shipments will commence early May. You could interpret today's RNS as a delay and that is why there is only a small movement, coupled with the fact that this had probably already been factored in to the share price Regardless of this, shipments have commenced.

[mike_f] 25/5/2017 07:56

And rather big ;)

[vitec] 25/5/2017 07:54

Hopefully, this is just the start of the positive news flow. We now know that the shipments have commenced and that means revenue and profit. PREM news has usually been raising money, dilution etc etc. It is great to get an RNS that shows that the assets are starting to put money in the bank rather than PI's being asked to stump up cash. Onwards and upwards, next RNS should be about Zulu and I expect this news is going to be rather soon.

[hiddendepths] 25/5/2017 07:26

It seems to have taken a bit longer than they expected. At least it's going ahead now!

[mike_f] 25/5/2017 07:20

Does that mean we get our $20M now??

[jungmana] 25/5/2017 07:08

Great news

[mike_f] 25/5/2017 07:06

RHA UpdateFurther to the announcement of 3rd May 2017, Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, will now commence the first shipment of concentrate from RHA to Durban following the receipt of all required permits from the relevant Zimbabwean authorities to enable the Company to commence shipping of wolframite concentrate from RHA.Official PRODUCER!!

[1madmarky] 25/5/2017 07:06

Ok, so now we formally know what we already knew informally.....

[olybigboy] 23/5/2017 18:06

That kind of action is typical of mm's when theres news imminent.

[mike_f] 23/5/2017 16:40

On that price action at close it wouldn't surprise me if we get news tomorrow... fingers crossed! GLA