Premier African Minerals Share Discussion Threads

[edgein] 05/7/2017 08:02

Dingo,

BGS were offered AUD$107.5m for something similar in size to Zulu currently:



So £30m would seem really small since they've "most encouraging" results since our maiden reserve. £60m would be very cheap for Zulu 100% as it stands now and when fully defined could probably fetch a price some three times the above, the strike may even be extended beyond the currently known 3.5kms. With only 35% of the strike in the maiden reserve there's plenty of upside given recent comments from the CEO. So I'm hoping any deal signed this month will reflect at least some of the true value of this world class lithium discovery. Share price currently doesn't even reflect the tungsten here let alone any value for the two world class projects.

Regards,
Ed.

[dingo75] 05/7/2017 06:11

0.8p i think were lenigas's options, for helping get a deal structured for Zulu.
a world class lithium deposit at early stages of resource definition could go for £25m/£30m. We'll see.

[theoriginalyoda] 05/7/2017 00:09

The rns was quite explanatory.

Expect Zulu deal to conclude THIS month, July 2017.

GR said ages ago he could sell it immediately. Now the resource is proven for 30% of Zulu, he will have suitors all over him like a rash. Fortunately for holders here, Lithium is in MAHOOSIVE demand.

Expect some big buying sessions once clarification of the deal is rns'd this month. It gives everyone an opportunity to make a shed load.

[nash81] 04/7/2017 23:33

i have seen a couple of shares, rerating massively on resume of trading (which was suspended due to late in aaccount - as long as its justifiable)

[banksy] 04/7/2017 16:59

A crumb of comfort is the oversubscribed placing at .5 in Feb.Can't imagine those taking it up being too impressed if George doesn't deliver!

[123trev] 04/7/2017 16:51

Quite the opposite Mike was a holder very early on here and a believer maybe sold out to early now and again but with very good rewards but I've never bought the GR story telling and had a feeling something along these lines would eventually happen.Remember when the big back story was Circum! Anyway let's wait and see I hope your right and I really mean that for you and a lot of holders.

[mike_f] 04/7/2017 12:26

Guessing you were burnt on this previously Trev. A lot has changed since the days of just trying to get RHA into production. Suspension isn't great news obviously but Zulu being one of the largest deposits in the world is what people will be investing here for. The company stating that a deal could be done by the end of the month has me salivating I must admit! If there is any weakness in price post suspension then I will be taking advantage!

[vitec] 04/7/2017 12:19

We will see

[123trev] 04/7/2017 11:47

Like I said delusional.

[vitec] 04/7/2017 11:32

Trev, read the RNS there are some clues in there. Zulu is potentially massive, Circum have their license. If you are right and the selling occurs it will be met by buying as I will be buying!

[123trev] 04/7/2017 10:59

Haven't posted for a while now because of the delusional nature of the prem holder but come on it's always very dodgy when you can't publish those accounts on time? Especially when your business is run offshore? GR has always taken pi money but never delivered yet,well only for Darwin and a few others this suspension will last longer than most think and I'm sure when it does relist there will be a great deal of selling.

[1madmarky] 04/7/2017 06:19

I doubt we will bounce up once re-listed, not handing in homework on time is bad form. But it's not as if they are the only AIM company that leaves it till the last possible moment to hand it in.
I'm more interested in zulu and the impression that we are on someone else's timeline. I just get the impression that a good offer is on the table but there is a time component associated with it. We have rushed to drill and get a value estimate of Zulu so as to be able to get this deal. Perhaps there are other potential mines approaching the market and we needed to get there first?
Just my feelings.
GLA

[pauliewonder] 03/7/2017 22:51

Agree we may get two separate rns stating 1) resume of trading; and 2) update / conclusion re Zulu

[dmitribollokov] 03/7/2017 19:53

I actually think this will open up when it ends suspension.

[jungmana] 03/7/2017 19:46

Well next 4 weeks should be fun. Deal for Zulu expected to be concluded this July. Exciting time to be a holder

[donald tramp] 03/7/2017 19:30

I think that too ihavenoclue, too coincidental for my liking.

Maybe a cheap sale of the lot is coming.

[ihavenoclue] 03/7/2017 13:54

Silver lining - at least it stopped the drop. Makes you think it is somehow orchestrated ;)

[edgein] 03/7/2017 12:57

Mad,

More of the same will do just fine as most results published to date have been 1-1.5% lithium. Its why the company believes its currently 12 largest discovery and can get ranked up with the upcoming assay results.

Regards,
Ed.

[ihavenoclue] 03/7/2017 12:38

1Mad .. who said it did ?

[1madmarky] 03/7/2017 12:05

The sentence in the RNS
Ongoing drilling at Zulu has yielded most encouraging mineralisation in the core and we confidently await assay results in the expectation that this will expand the compliant resource and add substantially to our initial confidence in this world class deposit.

The words "yeilded most encouraging mineralisiation" - does not mean better than previous drilling results IMHO just more of the same.

[1madmarky] 03/7/2017 11:52

I am also hoping for a sale, maybe retain 10%, but at the moment it's a commodity in demand so monetise ASAP , as you never know what is around the corner.

[edgein] 03/7/2017 10:41

Mad,

Was thinking the same thing. Since discussions are well advanced for a Zulu partner (expected this month) and they're getting the most encouraging mineralisation in cores to date (from the unreleased ongoing drilling) then they hopefully will stay suspended until these negotiations conclude. Then only current shareholders will benefit. Hopefully instead of a partnership they'll sell the $bns of lithium straight off, a few hundred million would do the trick, especially as lith price is expected to head north by year end.

Regards,
Ed.

[1madmarky] 03/7/2017 10:30

Who needs a fad diet....... just invest in an aim company!
Would be nice if it stays suspended until we have something concrete wrt zulu or circum.
Oh well back to the day job

[bushranger] 03/7/2017 09:53

Regardless of how difficult they are, missing the deadline for the accounts is a huge red flag.