Premier African Minerals Share Discussion Threads

[mike_f] 17/8/2017 08:05

Baffled as to why people are selling at just over .5p...

[donald tramp] 17/8/2017 07:56

ihavenoclue

The vast majority of those "investors" reside on the LSE board, who change their tune minute by minute, with every tick up or tick down in the share price.

They are a pathetic bunch, they really are.

[doctor 69] 17/8/2017 07:55

What are we expecting from new rock analysis , is it a higher % lithium than from main reserve

[ihavenoclue] 17/8/2017 07:49

Ianbag ... did you see the vid on youtube of his interview yesterday ?

He said it was put together after recieving a lot of questions from investors and rather than answering individually he said a get together is a better way of doing it.

That being said I don't think he is going to mention anything that is out in the open other than issuing more shares to buy more Circum which he seems dead set on

All IMHO
Regards
IHNC

[ianbag] 17/8/2017 00:28

If you put on an investor evening after an ill received fund raising - i'm guessing it's not going to be a gloomy presentation otherwise they wouldn't be doing it. Onwards and upwards.

[ihavenoclue] 16/8/2017 22:06

I am not bothered by the assays ... I thought they were another 1 and a half weeks away maybe more ... at the moment I am more concerned about RHA. That should be the bread winner while the larger gains later for Zulu and Circum.

I want to see RHA running profitably as that puts us in a stronger position to make the best of Zulu without worrying about costs while we do !!

All IMHO
Regards
IHNC

[mike_f] 16/8/2017 21:52

I am a bit confused by the whinging of some. GR said that he hoped to have the assays before the meeting, he didn't guarantee them! They will be forthcoming in the very near future, that's for sure.RHA still undergoing optimisation however isn't a key priority at the moment, although we'd all love to see if churning out some money!Further Circum accumulation is an unknown, perhaps he'll shed some light tomorrow, hopefully he'll hold off buying more for the time being unless there is an opportunity that's too good to pass up.Nothing has changed since yesterday, happy to sit and wait for rewards which personally I feel are not too far away. GLA

[highly geared] 16/8/2017 19:26

Vitec, excellent posts that fairly articulate the issues at hand.
Two things always come to the fore in today's world:
- time, in the real world things take several times longer than stock punters think!
Everyone thinks they have a right to multiply their money in days and woe be tied any real world hiccups
- finance, most think this comes out of thin air! In the absence of debt fund availablility, how does a company fund drilling/ development costing millions. Dilution for the bigger picture over a timeframe of 2 years is normal.

If dilution is the price in the short term to take a lithium asset to a stage it can be monetised for 5x current market cap and spend £10 million buying shares with an attributed NAV 10x the purchase price , hopefully to be monetised within 2-3 years, I'll take it.
Is lithium in demand for the next 15 years, yes
Is potash in big demand worldwide until humanity uses it all up, yes!

[billthebank] 16/8/2017 18:34

Thought there must be a large seller out there and that 10.5M sale seems to vindicate that. Share price is languishing. Shame I cant make tomorrows presentation. Anyone going

[donald tramp] 16/8/2017 18:33

Good post vitec, sums it up to a treat.

[turbotrader2] 16/8/2017 17:44

Sorry it is the tone on lse not mine

[vitec] 16/8/2017 16:57

I have watched it. Overall happy. Thought George came over very well and was trying hard to contain his excitement.

Few things that George said regarding the purchasing of more Circum shares for PREM shares and the nervous laughter regarding RHA raised my eyebrows but the reason I have remained invested is the monster that is ZULU. He believes that this is probably the biggest Lithium deposit in ZIM. He already knows what sort of monies PREM could receive and prospective partners he can get into bed with and that is why he seems so relaxed.

If I had any doubts as to where this is going George seems to washed them away. However, the time frame I think needs to be extended and there will be some bumps in the road along the way. It is not a question of getting from A to B as quickly as possible but going on the journey. George has stated mid to longer term. I have no idea what his time frame for this is but I would guess with Circum coming on stream in 2022, it is any time from the next 3 months to 5 years.

George obviously wants to build a mid tier miner that is a producer and has assets that throw of cash and enables you to look for other distressed assets that can be added and integrated using the same type of model.

CEO's that run their own companies usually like to stay in charge so I do not know if George has an exit plan. We may get to the stage in the future where an offer comes in that is just to good to turn away. Zulu is a good case in point. Is it a case of the "bird in the hand" or "two in the bush". I suspect it is the latter and to extract as much value as possible PREM will go into a JV. This helps to de-risk the asset but will mean raising more finance.

I stay invested and I am considering investing more but have hung back until the dust settles with the YA financing, the 690 million shares, and whether any more shares are going to be issued in lieu of purchasing more Circum shares. George is a long way from his stated target of 12%. I do not believe that RHA will provide the finance to do this but I maybe proved wrong. GLA

[mike_f] 16/8/2017 16:37

See the link above vitec

[vitec] 16/8/2017 16:31

No I haven't. Just got back in. Can you give me the gist?

[turbotrader2] 16/8/2017 16:30

Vitec

You have listened to the vid?

[vitec] 16/8/2017 16:26

MM's make their money by buying and selling. When you have a slow market it is easy to bring the share price down on the back of some selling to get the buying going. They cannot put the share price up as they know this would trigger selling without the buyers to contra this so it is easy to bring the share price down. Look at how the volume has gone up. It also has shaken out some sellers that might otherwise have held.

[vitec] 16/8/2017 16:22

If you are in this for the longer term a move down in the share price should not concern you. However, it begs the question on the eve of the presentation by George we have weakness.

We know we are sitting on a gigantic asset in Zulu so I have no concerns. We still have many shares that have been issued in play. We also do not know if more shares have been issued for Circum shares and these are being forward sold. We also don't know if someone is playing games and selling shares into the market to bring the share price down. There is hardly any volume in the market and any selling that outweighs the buys will have a larger affect on the share price then you would normally attribute to the selling. Likewise, buying will have the same affect.

[mike_f] 16/8/2017 16:12

What a buying op!!

[mike_f] 16/8/2017 16:09

Few ultra short termers probably concerned that we are unlikely to get assays before tomorrow's meeting now. GR said that he was probably putting too much pressure on the lab. I.e. Unlikely before tomorrow's meeting

[turbotrader2] 16/8/2017 15:54

Level 2 weakest for weeks

[turbotrader2] 16/8/2017 15:38

Why the selling?

[mike_f] 16/8/2017 14:33

Arcadia is the 5th largest JORC compliant resource in the world and we are looking to overtake it ;)We should have people queuing outside the data room once the assays are released...