Premier African Minerals Share Discussion Threads

[mike_f] 10/8/2017 09:47

8% Lithium, Ed :D hello!The assays due now are for the 6 additional holes, the 14 most recently drilled will be 2 - 4 weeks away but perhaps GR wanted a sneak peak at what they could be by taking those samples along...I expect the assays due imminently to be very good and the most recently drilled due in a few weeks to be exceptional :)Fingers crossed. GLA

[tedoby2] 10/8/2017 09:29

Is any one going next Thursday that might be able to give feedback please?

I live too far away to make an evening meeting.

GLA

[edgein] 10/8/2017 09:19

Jung,

Thanks for posting that latest interview with George. Seems like he's trying to get SGS to get him some assay results by the investors meeting next Thursday. He looks quite excited. Even brought SGS samples from the new high grade/practically pure holes. When you look at the SGS factsheet on lithium, pure spodumene is theoretically 8.03% lithium, so we could get some decent grades from the samples, potentially over 2% lith it could well exceed that. Its good to see folks getting in at a fraction of the value of the circum stake and getting a free crack at RHA and Zulu.

Regards,
Ed.

[billthebank] 10/8/2017 09:16

Mike Thanks for sharing the LSE post.Momentum gathering.Looks like a yo yo day today!!!

[bittorrent] 10/8/2017 09:11

Yes Vitec, that is why I posted without comment, not tipping XTR at all.

[vitec] 10/8/2017 09:07

Bit, I was a large holder in XTR. Sold the lot and placed all the money into PREM. XTR in my view is a busted flush and will take a very very long time (if ever) to get back to where it used to be.

However, I suspect you posted the RNS to highlight the fact that they have paid off YA. I had to laugh when I read "due to the uncertainty as to the future number of shares to be issued". There are two things in life that are certain, death and taxes. You can add a third. Invest in AIM companies and expect a "torrent of additional shares to be issued"

[ianbag] 10/8/2017 08:53

Whilst most of my lithium investment is in Prem, I have a small interest in SAV - who have released an RNS this morning on their lithium pegmatite drill results - worth a read.

[bittorrent] 10/8/2017 08:44

XTR - Equity Placing
Termination of YA II EQ facility
Total Voting Rights

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that the Company's Broker, Beaufort Securities, has today conditionally raised £1,300,000 (before expenses) following the placement of 76,470,590 new Ordinary Shares of 0.02p each ("Ordinary Shares") at 1.7p ("Placing Price") per new Ordinary Share (the "Placing").

The net proceeds from the Placing will be utilised by the Company to repay, in full, the amount outstanding to YA II EQ under the existing Loan Note Facility (as announced on 5 April 2017) of US$ 583K and accordingly the facility will be terminated. In addition, funds will be utilised for the pre-production costs for the Manica Alluvial operations and the balance for general working capital purposes and business development.

Colin Bird, Chairman said: "The funds have been raised to fully settle the amount due to YA II EQ Ltd. This decision was made on the basis that the Company has determined the full number of shares to be issued and therefore would not face an uncertainty as to the future number of shares to be issued to YA and therefore conserve future earnings for company development. This is an exciting time for the Company as it moves forward with sufficient funds to cover pre-production costs for the Manica Alluvials projects. Both contracting parties are progressing the production preparations and remain on target, if not ahead of their contractual target".

[vitec] 10/8/2017 08:30

Very much along the lines that has been outlined on this BB. I think we know what the strategy is or going to be it is all about execution and communication to shareholders.

If more Circum shares become available I can see them being purchased with more PREM shares until such time as we have cash in the bank. The rub will come if prospective sellers insist on cash rather than PREM shares but I think as each day goes by PREM's hand gets stronger both in its ability to buy and to sell. Exciting times ahead, within a short time frame.

[mike_f] 10/8/2017 08:18

Post on LSE:

I receive a daily digest of M&A news from a site called Merger Market. Today it reports on discussions that are ongoing between the company and four parties who are interested in investing in Zulu. It refers to there being a data room being available. It also quotes Roach as saying that he'd be prepared to consider investment in the plc. It says that interest has been expressed by "significantly more" than four parties. He also said he's considering "carving out" Zulu as a separate entity. Results from the additional drilling are "2 to 4 weeks away" and all discussions are on hold until the results are known.

The final part refers to DL acting a s a consultant and that at this stage, the company has not appointed an advisor to handle negotiations, but that it may do in due course.(the site is for M&A people) Roach said that in any jv, he would like PREM to maintain control.

[barnetpeter] 09/8/2017 22:38

Now if you had asked for cash to make it even bigger...well fair dues

[check your facts] 09/8/2017 21:48

I wish I had people throwing a few hundreds squids in my charity fund.

I need to have an op to have my massive big one a bit smaller, hope I can raise £4m.

I take bitcoins only.

Thanks

[check your facts] 09/8/2017 21:46

after seeing ap post a few mins later. LOL




bad gateway9 Aug '17 - 20:31 - 568 of 584 0 0
Just bought $125 worth thanks ap. Guess well either lose our money or this time next year.. lol

[social_scamming_system] 09/8/2017 20:22

All your direct referal last week was already emailed to advfn.


Good luck.

for a few hundred you have facilitated millions for the mugs on advfn. Just wait to see, it's the FBI who took the plexcoin.com out
It's not the UK police that will deal with you.


Good lick ap, you are about to become Bernie Madoff neighbour in a supermax

[fund1] 09/8/2017 19:32

Sad Donald. I really feel for anyone who falls for it. Of course the temptation to make a 10 fold profit in a few weeks will get the better of a few.

[onetomany] 09/8/2017 18:39

Fair play to them... mabrook

[donald tramp] 09/8/2017 18:10

Yep agreed Fund1, it was a slick web site though they will have pocketed a tidy sum.

Trouble is they are back up and running at plexcoin.tech now and blaming closure on high levels of traffic and the server falling over!

[donald tramp] 09/8/2017 17:19

Significant, substantial and very large projects, that's Zulu and Circum, add substantially to PREM value etc etc, so upbeat George is.

[donald tramp] 09/8/2017 17:08

He is looking more and more relaxed on every proactive release.

I like the bit about their Geo's think the grades in the new area looking like they will be considerably better.