Premier African Minerals Share Discussion Threads

[jimmy143] 09/8/2017 14:23

dave

Exactly you pinned it.

Prem buying bargain.

No one knows, cash is KING though.


O&G companies have billions in the ground too, but they are not valued in the billions.

[dave224] 09/8/2017 14:20

Mike do they all just happen to be in desperate need of funds there must be more to it as actually its more like 20 times not 10, if circum was sold for 2billion a 0.5% stake would be worth 10million and they sold to Prem for 0.5million?

[mike_f] 09/8/2017 14:14

Dave, Aspen were in desperate need of funds, I would suspect anyone else selling them are in the same boat... happy days for us!

[dave224] 09/8/2017 14:09

Can anyone explain why a company would sell 0.5% of circum minerals to Prem for 500K when it is likely to be worth 10 times this in the near future?

[mike_f] 09/8/2017 13:37

at 1p, .75p will look good value, at 2p .75p will look a bargain ;)

[big bull billy] 09/8/2017 13:35

In a few months?

c'mon I am expecting 1p to be lighted in next few days.

[mike_f] 09/8/2017 13:34

Assays due any day to give us more of a push north, .5p to purchase is history IMO... anything below .75p will look a bargain within a few months.

[big bull billy] 09/8/2017 13:33

I will keep buying all the way to at least £100m mcap, circa 2.4p

[doodlemug] 09/8/2017 13:30

OK

I would like to Bone Taylor swift too. LOL

[the bull] 09/8/2017 13:28

i would like 2M please at 0.05

[edgein] 09/8/2017 12:58

Mike,

That's a very good article when you compare that to our cap! :) And the fact that GR is actively increasing our Circum position. Also that stock tube clip on the right hand side of that article is worth another watch too as George mentions acceleration of the drilling programme now that the rains have cleared and the crops harvested.

Regards,
Ed.

[760il] 09/8/2017 12:54

If this moves up in the close, we could look at a rally tomorrow morning.

[760il] 09/8/2017 12:52

Sells are closer to 0.60 and buys are closer to 0.61p and of course bigger size having to pay more.

[ianbag] 09/8/2017 12:49

some buys going through as sells, my small top up of 1.042m shares did

[bionicblabbermouth] 09/8/2017 12:48

Since RNS at 10:33, little down. Traded Vol was circa 94m shs

and now 2 hours later it's nearly double and we are perking up.

[mike_f] 09/8/2017 12:42

www.proactiveinvestors.co.uk/companies/news/182193/premier-african-rises-higher-as-it-ups-stake-in-danakil-project-owner-circum-minerals

Won't let me copy the link properly so will have to copy and paste into browser.

"Premier’s 4.2% stake could be worth as much as US$84mln according to a recent definitive feasibility study"

[activeservo] 09/8/2017 11:48

Just topped up too! This is getting really good.

[barnetpeter] 09/8/2017 11:47

More dilution and more stock to be shifted. Mind you most will be gone now and at least its not for "general working capital"

[bigtune888] 09/8/2017 11:42

I think last 1m left at 0.6p :(

[bigtune888] 09/8/2017 11:42

Hey Ho Pauline keep munching friend.

[fund1] 09/8/2017 11:41

Tick up coming.

[vitec] 09/8/2017 11:39

Ed, in a previous post this morning I wrote about possible unsolicited/unwanted attention from possible suitors looking at PREM as a whole.