Premier African Minerals Share Discussion Threads

[ny boy] 06/6/2017 07:13

Yep this resource is developing into a biggie, just happy to hold for a few years and see the share price start trading into double figures.

[mike_f] 06/6/2017 07:10

Fantastic news this morning! Something picked up on further down the RNS:"Premier believes the exploration target for Zulu to be between 60-80 million tonnes."That is a monster!

[jungmana] 06/6/2017 07:09

This is fantastic news 20.1m tonnes maiden resource at such excellent grades.Should be 1p+ imo.

[ny boy] 05/6/2017 16:34

Patience required

[driver101] 05/6/2017 16:32

Thought this would have moved today with all the buying going on..

[billthebank] 02/6/2017 12:29

Not sure about a seller drying up but news deffo soon. Could lift this to 0.7

[nash81] 02/6/2017 12:06

time to buy back in. news coming soon and with seller drying up, its only going one way

[vitec] 01/6/2017 17:26

Circum underpins the share price PREM's stake is 2% with a carrying value of $4 million dollars. This could be easily worth 5 to 10 times this value. If that is the case everything else is in for nothing. When you look st the assets you wonder why the share price is where it is. My reasoning is that the market is valuing PREM on what it has done in the past, issue more shares and make promises it does not keep. Once the market can see where the company is going and have solid evidence of revenue and profits the share price will start to move northwards. This could be one of the company's on AIM that actually does see the share price move up strongly and this is based on solid fundamentals and not "bluff and bluster". GLA

[billthebank] 01/6/2017 16:22

I think 0.75 mid May be sticky though going forward as the third party mining co at TH A were paid in shares at 0.7

[highly geared] 01/6/2017 13:55

The problem for traders is Zulu could come at any time; this is why we're seeing gyrations between 0.525 and 0.65 as T10's buy in and sell out. In the meantime RHA will soon be optimised, at full production and throwing off $ 400,000/ month to PREM.

[highly geared] 01/6/2017 13:51

Agreed, RHA underpins this at 0.5p , Zulu will be a game changer and support a materially higher share price.

[mike_f] 01/6/2017 12:53

.5p has held solidly over the past couple of months, I think that we will have a sharp move north from this level when Zulu news hits. Can't see this going any lower, that's why I've topped up twice recently at this level. GLA

[billthebank] 01/6/2017 09:56

Very interesting Mike!! Ah well not much lower to go then. Having said that I would be surprised to see this drift below the last placing price now? However the election and the Summer may influence I guess. All we need now is some news!!!

[mike_f] 01/6/2017 07:55

A chart well worth a look, courtesy of centrepoint on twitter:

[mike_f] 31/5/2017 07:38

Beaufort Securities Reaffirms "Speculative Buy" Rating for Premier African Minerals Ltd (PREM)Tuesday, May 30th, 2017George Bondi Beaufort Securities reaffirmed their speculative buy rating on shares of Premier African Minerals Ltd (LON:PREM) in a research note published on Thursday morning. A number of other brokerages have also recently issued reports on PREM. Northland Securities reaffirmed a corporate rating on shares of Premier African Minerals in a report on Monday, February 20th. Shore Capital reaffirmed a house stock rating on shares of Premier African Minerals in a report on Monday, March 27th. Finally, Numis Securities Ltd reaffirmed an add rating and issued a GBX 162 ($2.08) target price on shares of Premier African Minerals in a report on Wednesday, May 3rd.

[mike_f] 30/5/2017 14:32

3.3M buy :)

[billthebank] 30/5/2017 12:45

Also noticed that Wolframite has risen by more than 10% this year!!! Nett revenue from RHA from memory will rise from $200K/month to $500K/month by the year end? Anyone with have more specific info?

[mike_f] 30/5/2017 12:43

Hiya Bill, I expect the Zulu results to put us above 1p. The asset is 'world class' as the company have already stated. Fireworks soon :D

[billthebank] 30/5/2017 12:26

Now we are in production we now have debtor of $20M an cashflow aniticioated of $200K rising to $500K in six months. Zulu apparently will be transformational!!!

With further assays due back from Zulu shortly and RHA going into production in the coming weeks, the management team believes this to be a transformational period for Premier and looks forward to this."

[billthebank] 30/5/2017 12:13

Drilling continues at the Zulu lithium and tantalum project with the direct objective of increasing our interim maiden resource that is expected to cover a limited length of the so far known 3.5 kilometre strike length. Drilling has been interrupted from time to time with ongoing and unseasonal heavy rains but this is now expected to end as winter approaches for this region. Mineralisation continues to be encountered as anticipated and exceptional results will be released as and when they are available

[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).