Premier African Minerals Share Discussion Threads

[nick rubens] 29/6/2017 12:09

Any risks here of another forward sold placing-convertible loan stock scenarios ahead?

[edgein] 28/6/2017 16:29

Well there's lots more results to come from the drilling at ZULU. Currently drilling the remaining two thirds of the strike length which can then be incorporated into the maiden JORC. After that it'll be seeking a partner or sale, hopefully a sale for a remarkable amount of money. Lith price is likely to be higher still by year end.

Regards,
Ed.

[1madmarky] 28/6/2017 15:57

Hope so! It's getting a bit monotonous here at the moment.
Great assets, market needs to see progress

[vitec] 23/6/2017 16:54

Sold all my Alba and Solo and put it into UKOG. My biggest holding remains PREM and will do so until I think fair value has been reached. We have some way to go on that score.

[edgein] 23/6/2017 16:41

Vitec,

Well done, yeah UKOG has had some sweet results and likely more to come. PREM is waiting one of those significant spike days too. I'm still hoping that Zulu will be sold once the lithium price really gets momentum behind it. The lith and cobalt crunch lies ahead and there's just not enough of the stuff being mined to meet future demand. Worth checking out the others in the weald KL play, a lot of money gonna be made in 2017 on that play.

Regards,
Ed.

[vitec] 23/6/2017 15:56

Looks like the seller is back!

[vitec] 23/6/2017 15:55

Ed, just bought another half a million and like you have had a wonderful day with UKOG. Wouldn't go amiss for something similar to happen with PREM. I would then be truly happy!

[edgein] 23/6/2017 15:27

Mike,

That has the potential to do wonders to the price of Lith that's for sure. :)

Regards,
Ed.

[mike_f] 23/6/2017 12:50

Makes you think...

[1madmarky] 23/6/2017 10:24

Don't see why we should get RHA news. It's going to be ramping up til September. Possibly more info on feed grades and resource profile but that's all.
Zulu dril results at least 3 weeks away.
Limestone possibly

[vitec] 23/6/2017 10:06

Big trade just gone through. Gut tells me it is a delayed buy but if a sell may signal the end of the seller. Who knows? News about RHA must be imminent. I am expecting an RNS early next week.

[donald tramp] 23/6/2017 10:00

Or doesn't want to sell below a certain point

[mike_f] 23/6/2017 09:30

Seller done?

[mike_f] 23/6/2017 09:05

Selling appears to have dried up... if so we should move move up to higher levels. We in for a good Friday? Hoping for more news next week. GLA

[vitec] 21/6/2017 16:23

I did the same. At this rate I may have declare my stake!!

[mike_f] 21/6/2017 16:07

Bought some more, couldn't resist! The disparity between mcap and asset value will close soon enough and when it does it should be spectacular! GLA

[vitec] 21/6/2017 10:35

It is becoming more apparent to me that the market has a disconnect between the fundamentals (reality at this time) and the expectations (the future reality that the market is pricing in). It seems that even though we have excellent prospects the share price continually gets punished due to the past. I have written many times on what I think is going on so will not reiterate but at some point the future reality must come into play. An update on RHA would help as it is the only revenue that does not require more capital. A update on Circum could come at any moment and that would be welcome to if it is a positive piece of news. I did not expect the share price to be where it is so there is always a nagging doubt that my positive stance towards PREM may have been misplaced but when weighed against all of the facts I am aware of I have concluded that I must be patient and not paranoid.

[edgein] 20/6/2017 16:37

Given our metallurgic testing of the Zulu ore there's been an interesting announcement from KOD today. They say that they'll get $600/tn for 6% concentrate. We can get 6% lith concentrate from our recent test work with good overall recoveries, so that's for 60Kg of contained metal, or about $10,000 per tn of contained metal. So a very good price at the moment for offtake arrangements. It'll be interesting to see how much the JORC gets revised once Zulu is fully drilled, rather than just the current first third.

Regards,
Ed.

[vitec] 20/6/2017 16:18

I am also frustrated that excellent news is discounted whilst bad news hits the share price hard. As the excellent news is regarding Zulu the market maybe absorbing the fact that it will take a huge about of capital to extract the Lithium from the ground. Having the asset is one thing profiteering from it is something completely different. I cannot see PREM being able to develop Zulu by itself as it would mean huge dilution to shareholders. With the MCap that PREM currently has it will have limited options to find the capital. This then means get a partner, get someone to run the mine and work on a royalty basis or sell part or all of the mine to another company. Selling part of the mine would allow the capital to be raised to develop the mine and still hold a stake in a world class asset. This is only my opinion and could be completely wrong as to the direction this takes. As a sidenote, if we are feeling frustrated I bet George is also feeling it. The difference is though he knows what is coming over the hill and I believe that it will be rosy and the share price we have today will be a distant memory. Further patience is required but I am sure in the fullness of time we will be rewarded.

[vitec] 20/6/2017 16:10

Been told problem should be sorted before the market opens tomorrow. Let's hope so.

[driver101] 19/6/2017 16:51

pauliewonder

Cheers

[pauliewonder] 19/6/2017 16:49

Problem with a third party provider apparently. Trades won't be showing today, doesn't mean there weren't any. It's affecting all aim stocks

[driver101] 19/6/2017 15:27

No trades ?