Premier African Minerals Share Discussion Threads

[ssrmb] 08/6/2017 14:12

[...]

Bullish.

[mike_f] 08/6/2017 13:14

2x 4.5M buys just in. :)

[edgein] 08/6/2017 12:32

Courtesy of Skiboy on the KOD thread:



Useful time to have 526k tn of contained lith from just 2500m of drilling.

Mike yeah, lvl 2 looks at its strongest now since the news came out, paying full ask. Seller might have cleared at this lvl.

Regards,
Ed.

[mike_f] 08/6/2017 12:06

Good buying coming in now, if we can have a strong reversal into a blue day that will be a very bullish signal! GLA

[edgein] 08/6/2017 10:19

Vitec,

The herd mentality selling is everywhere these days when a share price moves up. It needs fundamental news and market recognition. For a share to hold such gains it then needs insti buying. GEO for example would likely have retraced if it had not been for the insti buyers hoovering up. As long as the company keeps delivering through drilling and proving up their assets its all that matters at this stage. AIM as you know is fickle, an offtake agreement and financing and these are likely to be off to the races again.

HG

agreed.

Regards,
Ed.

[barnetpeter] 08/6/2017 09:53

just 0.46 to buy

[highly geared] 08/6/2017 09:50

Wait for the seller to pass and update on RHA and further Zulu resource drilling. This justifies a £50million market cap all day with RHA at full production, Zulu and Circum. Frustrating but the assets aren't going away.

[barnetpeter] 08/6/2017 09:42

just 0.4 bid....ouch!!!

[vitec] 08/6/2017 09:06

I have thought of purchasing another large chunk but feel I maybe falling in love with PREM and investing too much money in one share. It is easy to become blinded, believing you are right when the evidence before you states something different. In PREM's case I feel I am completely right and my judgment will be vindicated. I will probably look back and moan that I didn't take the plunge and invest more money.

[ihavenoclue] 08/6/2017 09:01

vitec .. maybe I see it differently as I am glad it has dropped as it allowed me to make a large top when I transferred one of my pensions to my SIPP :)

As you said I feel the puddle may be a little muddy at the moment but it should clear as PREM progresses and then true value should start being reflected in the share price

Regards
IHNC

[vitec] 08/6/2017 08:53

I can understand holders being disgruntled. You invest, you get positive news and the share price dives. I cannot be in control with the number of shares I have (even though it is significant)I must rely on my research and the agenda I want to follow. These I can control. Clearly, for whatever reason there is a large seller and they have an agenda. It maybe simple as need to sell, want the cash and I am not interested in the future or they have information that leads them to believe they should sell as they will have a better opportunity in the future. I think there are several dynamics going on and the market has lingering doubts as to how Zulu would be developed without further financing. As I have stated before George has several options without having to go down the financing route.

[ihavenoclue] 08/6/2017 08:32

vitec ... I agree. Surprising how many disgruntled holders there are on the lse thread - this thread seems a lot more level headed and informed IMHO. Surly the panickers can see patience is the key here ?

[vitec] 08/6/2017 08:24

Level 2 has just improved with two MM's offering .045p. Is this the low point? should be upwards from here.

[vitec] 08/6/2017 08:10

Still finding sellers even at this level. I would expect that once the sellers are gone then the share price will recover very quickly. That's what I believe, that's what I want but it doesn't mean I am right. I am totally confounded as to why we are where we are. There is always a nagging doubt that you have missed something and contrarian investing is and can be a risky business. However, it is comforting to know that so many on the BB have interpreted the information as I have and see the share price only going one way. GLA

[mike_f] 08/6/2017 08:07

Agree Ed, the background seller is presenting a fantastic opportunity for PI's to load up before true value outs IMHO. I've taken advantage of the situation a few times now am over the past couple of weeks. GLA

[edgein] 08/6/2017 08:01

Well we sure do have the assets to re-test 1p for sure with $bns of lithium in the first 1200m of the 3.5km strike. Should really be leaving 1p far behind given the other assets too. But we'll get there in the end.

Regards,
Ed.

[mike_f] 08/6/2017 07:22

Zak Mir has told the Proactive Investors Bulletin Board that the 'technical glass' at Premier African Minerals Ltd (LON:PREM) is half-full, and he reckons the shares could head back towards a penny."We've seen the shares recover in the recent past with a vertical push through the 200-day moving average at the beginning of February," Mir explained."[The 200-day line] is now at 0.45p and while we're above that the technical glass here is half full."There is a line of resistance running at 0.7p so if that can be broken over the next couple of weeks then we would be targeting 1p and a re-test of the best levels of the year-to-date," he added.

[ihavenoclue] 07/6/2017 20:24

Not sure about that Bill. They shifted way from Zimbabwe for reasons of stability.

More likely is that weaker holders have lost patience with the overhang from the primary bid offer, and any rises being sold into, and sold out (at a profit or not)

[billthebank] 07/6/2017 16:54

Maybe maybe maybe it is the Zimbabwe effect that's causing this??

[vitec] 07/6/2017 16:15

I agree and have posted along the same lines.

[highly geared] 07/6/2017 16:10

Vitec; lets see what Kodal is valued at when they issue their maiden resource, currently valued at £20 million for a standalone lithium project. Their grades are better on paper as they're further on in their drill program but Prem will catch up in thd next few months.Interesting with Kodal that the Chinese have stumped up £4 million to fund the drilling and take a stake. Clearly with electric car and smart tech development, lithium will be in demand for the next decade.
If you look at our assets, based on the current share price , Zulu is valued at zero , or , its in at fair value and RHA is in at zero!
Clearly, the last 2 years are a drag on reputation and the market probably wants to see more evidence on RHA and an updated resource on Zulu with an indicated category before the shares are better valued.Regardless, the assets are there...

[vitec] 07/6/2017 15:33

Highly Geared you make a very good point. Whether Zulu is bought or developed the MCap in the future isn't going to be where it is today.

[highly geared] 07/6/2017 15:20

The SAMREC resource announced comprises only 2500 m drilling . It excludes the extensive 8000-10000 m of drilling underway and funded by the recent £2 million Primary Bid placing.
I expect the resource will be doubled in the coming months and a good chunk moved from inferred to indicated status.
Expect Zulu to be bought out later this year for c £100 million.