Premier African Minerals Share Discussion Threads

[sleveen] 31/8/2017 14:57

Perhaps the buyer can see the wood and the trees :-)

[vitec] 31/8/2017 14:54

Reading through today's RNS and the original RNS detailing the acquisition of TCT IF, I am unclear as to how much PREM have physically paid.

If we are getting a free carry in 50% of the deposit until the exploration programs are carried the questions that need to be answered are:

1. Can we novate our obligations?
2. Once the exploration programs are completed, how much investment is needed to start mining the limestone?
3. What other monies do we need to pay?

This seems on the face of it a sound piece of business. Get rid of the forestry interests and keep the Limestone deposit. Don't have to fork out $2.1 million dollars but get something out of it. Am I missing something? That is how I have read the RNS?

[jungmana] 31/8/2017 14:05

We the shareholders should tell George to sell the whole lot of our share of TCT (including the limestone project) and use the proceeds to increase circum stake.If there is a ready buyer for tct then that's the sensible option rather than issue more cheap shares and constantly drive the share price down.

[vitec] 31/8/2017 13:30

sleveen, that was my take on it but I want to go over the initial deal to check

[sleveen] 31/8/2017 13:07

Comment on today's deal at 4 mins (note this video is recodered prior to today's RNS)
EDIT ADVFN have removed the proactive investor link


Essentially PREM's rights and obligation are transferred (novated) onto the buyer and PREM keep the free carry on the limestone.

Even if the sale is at a nominal price, it seem like a decent deal for PREM. Am I wrong?

[doctor 69] 31/8/2017 12:10

interesting price movement as level 2 now looks good

[sleveen] 31/8/2017 11:32

Because of the bid offer spread.

If the spread more accurately reflected the actual trades' prices the spread should be about 0.39-0.41p rather than the current 0.35-0.45p.

[cambradjones] 31/8/2017 10:38

Dropped 10 % on tiny volume, so no mass selloff. Much higher volume of buying then took it bit back up 5 %. As usual it appears to take much more buying than selling to move the share price Anyone explain why the price only moves in 5% increments???

[vitec] 31/8/2017 10:02

Something funny with these trades. I can sell a large quantity at .4002 but can buy at .4

[vitec] 31/8/2017 09:37

Take today's RNS into context. It is good news but has been released against a backdrop of sellers offloading that have received shares in lieu of their Circum stakes.

[danyo11] 31/8/2017 09:29

Completely pointless RNS as far as I can see

[billthebank] 31/8/2017 09:22

Well todays RNS went down like a lead balloon!!

[vitec] 31/8/2017 08:34

Because other new posters to PREM may take a position that is in line with Dmitiri's. To counter this and give some balance I have to be aware of what is being said. I am no good Samaritan wrapping myself in the Samaritan flag (unlike Dmitiri) but will defend a position that I have taken when it is being challenged by disinformation, fake news and outright lies that are perpetrated by individuals that have an agenda that only serves them.

He is entitled to his opinion and I am entitled to disagree. No one knows the outcome of the future and no one knows if I am right or Dmitri is right but I know who I am backing!

[ihavenoclue] 31/8/2017 08:25

why do people continue to talk to him ? Just filter the idiot as it clearly has an agenda

[vitec] 31/8/2017 08:23

To all intents and purposes this seems a good piece of business. They have a get out clause and they are going to use it. Invest $2.1 million dollars into a venture that they will not see a return in the medium term but gives them a free carry on the limestone deposit or free up the money and purchase more Circum shares that will enhance shareholder value.

If I was George and PREM had to issue more shares to satisfy the vendors of TCT IF then I think shareholders would be raising their eyebrows. This shows restraint and an ability to execute a strategy. PREM could have upped their stake in Casa mining but also pulled away from this. You can spread yourself to thin and today's RNS clearly states where George and the BOD believe shareholder value will be enhanced.

Dmitri, whereas I try to take a balanced view and appraise the information that I am given it is also clear to me that you're starting position is that George and Lenigas are crooks and therefore anything we are told is a pack of lies. That position is taken by someone that is bitter and twisted and only reinforces my belief that anything that is positive and announced by the company you will try to discredit with a negative spin.

We are polar opposites where PREM is concerned and as I have a substantial interest in the company I understand clearly why I take an interest and post on the BB. I singularly fail to understand why you do other then to vent your anger. Your anger, however, should be directed against those that you believe have destroyed part of your wealth not posters on this BB that have not reached the negative emotive state that you find yourself in.

I have stated in the past that I cannot tell you or anyone else that you are categorically wrong about what will happen in the future but the clues are in the RNS's that have been released. I am sure you will continue to post and unlike other posters on many BB's I do not have you on filter. I need to read what you post as a reminder to stay vigilant, diligent and maintain my belief that PREM have world class assets that will deliver and make me a substantial amount of money.

[dmitribollokov] 31/8/2017 08:22

That more acceptable?

[dmitribollokov] 31/8/2017 08:20

Ok - 10 trades this morning and all sells, yaaay totes being held down to get big guy in yaaay 🎉🎉🎉 🚀🚀🚀

[bibdaddy] 31/8/2017 08:19

Why buy 1 share at 0.45p?

[mike_f] 31/8/2017 08:18

As you were the first to comment on the RNS this morning dmitri, your previous argument of providing 'balance' is out the window isn't it... you have moved into resident troll territory.

[dmitribollokov] 31/8/2017 08:14

Or they're just accurate and that upsets you. Go back, read my posts since the death spiral finance rns was dropped and see who you'd have been better off listening to. Would have saved yourself 30%.