Premier African Minerals Share Discussion Threads

[edgein] 05/9/2017 09:45

Interesting as one man's problem is another man's opportunity. I wouldn't have been able to buy into these at £5m cap if it hadn't been for darwin. Folks wouldn't have gotten these much below 1p if it hadn't been for this YA deal and neither would PREM have been able to extend the drilling at Zulu. RHA is set to be in full production by Q4, if you check the recent release from Ormonde mining today you'll see a very bullish statement on tungsten and a current price of around $30k per tn!

George needs to keep doing what he's doing by getting RHA optimized by year end and keep proving up Zulu and the SE discovery to be continuous and high grade. Then accept a reasonable offer for JV/sale. He could have jumped early and JV'd after drilling only 35% of the strike and without the new potentially even larger discovery. George is playing this perfectly. No mining company has a magic wand or money tree, JLP for example are struggling to secure insti investment and they've a mining licence for 23-65M oz of platinum! So if GR needs to use YA at this point so be it. If it means old Ed and others get in on the cheap oh what a pity I say. :)

If George keeps doing what he's doing, expanding on Zulu, getting Circum shares on the cheap as and when and building RHA into a cash cow then I more than welcome GR raising cash anyway necessary to achieve this. Once the value is released from Zulu we'll be quids in. I'm expecting many more spikes between here and there though with announcements from RHA and assays that will likely spike us to 1p+ again before we get a large amount of cash from the worlds largest undeveloped hard rock lith discovery that gets bigger on almost every RNS.

Regards,
Ed.

[jungmana] 05/9/2017 09:14

Wittout a credible CEO, npv' s mean zilch! Mnc CEO Howe is a proof of that

[jungmana] 05/9/2017 09:06

Donald- you hit the nail on the head there. That is my view too. I don't put blind faith in any CEO after mnc recently sold a $0.5bn NPV copper project for $6m having spent over $50m of investors money there over 7 years.

[vitec] 05/9/2017 08:52

Donald, I think that is what the majority of shareholders would want to see but cannot help thinking that something bigger is going on in the background. Prima Facie, George is either an absolute genius or has made a big mistake. I am counting on the former rather than the latter. Unfortunately, historical factors, the YA deal and the issuance of shares are holding us back and I can see this continuing until the PEA is concluded and there is a deal of sorts for Zulu. Then the market will be able to assess the size and value of Zulu and a re-rate of PREM should start.

[ihavenoclue] 05/9/2017 08:50

Donald ... I think he needs to hear that from various sources. He is trying to achieve everything at once and we are not in a financially secure position to be able to pull it all off IMHO

[donald tramp] 05/9/2017 08:46

I think the trick is for GR to stop his quest for more Circum shares and cancel the stupid YA deal personally.

Concentrate on Zulu, where we have only drilled two new holes in a month, (so there is contrary to GR's spout not a lot going on) and secondly put the pressure on to get the re-valuation of RHA out and any further "optimisation" as required. With Tungsten price where it is this should turn into a very profitable arm of the company.

[ihavenoclue] 04/9/2017 22:26

vitec .... just filter it

[timw3] 04/9/2017 15:34

yaaawwwnnn

[vitec] 04/9/2017 15:32

Yes they were probably your sad mates. So what! look at my history, I have had posts ticked up by 12 other posters. It only matters if you have an ego. All I care about is making money that is what the name of the game is about.

Let's see where we stand in 3 months time.

[timw3] 04/9/2017 15:29

The fact that 3 people agreed with me says all i need to know about you!!


timw34 Sep '17 - 14:12 - 4225 of 4229 3 1 Edit
No dont Vitec will be on here soon with his rose tinted specs on telling everyone all is ok...

And yes Vitec i was a ramper here until the latest fiasco!!

[vitec] 04/9/2017 15:20

You don't know how to answer that is why. Are you illiterate that you cannot write a counter argument?

[timw3] 04/9/2017 15:18

your posts are far too long and boring to read!!

YAWNNNNN

[vitec] 04/9/2017 15:14

I see timw3 has crawled out from underneath his stone. I am sure when you realise how big Zulu is you will be ramping away on this BB and all of the others that you populate.

For your information I have been to Specsavers today as my glasses needed to be repaired. If you had taken the trouble to read my previous posts you would have seen that I try and balance my view of what I feel and the reality of the situation. I have repeatedly stated that with the YA deal and the issuance of shares that it is going to taken longer than we were all led to believe for the Mcap to increase significantly. However, you would have to be stupid to deny that Zulu is not a world class asset and that in the future value from this and Circum will be outed.

Do you hold any shares? I suspect not. You and you so called mates should club together and set up a company called Good Samaritan Plc. I never believe anyone that states on a BB that they are here for the good of others when they do not hold any shares but feel it a moral duty to enlighten others to the impending doom and financial catastrophe they face by investing. Like you believe you have my number, I certainly have yours and you add nothing here by constantly posting drivel.

Where you seem to think I ramp PREM, I, in fact give my opinion and appraisal of the information to hand. You on the other hand admit that you are a ramper and this only goes to serve your agenda.

As always, time will tell who is right and who is wrong. Anyone that takes a positive view will always be attacked when the going gets hard so it doesn't surprise one little bit it. Remember what they say "sticks and bones my break my bones, but names will never hurt me". Continue to attack, bring it on!

[mike_f] 04/9/2017 14:28

I've had a few more, I can see the news flow picking up any day now with assays due and then the PEA to shortly follow, hoping to flush the seller with increased volumes. I called the bottom last time, I'm calling the bottom again today! GLA

[timw3] 04/9/2017 14:12

No dont Vitec will be on here soon with his rose tinted specs on telling everyone all is ok...

And yes Vitec i was a ramper here until the latest fiasco!!

[ihavenoclue] 04/9/2017 12:37

I concur ... maybe this was issued as GR felt he had misled the market by how long they would take ?

[mike_f] 04/9/2017 12:20

Assays please...

[ihavenoclue] 04/9/2017 08:55

Still millions of shares to shift. Anymore issued at this level will kill the share price for a long time

[edgein] 04/9/2017 08:14

aussie,

Yes that's now a further 16 holes drilled since we got the maiden resource of 20Mt of ore. Showing continuity and massive mineralisation, that'll be great for the bulk tonnage for Zulu and the SE extension area. This all needs worked in over the coming months to our new resource total.

Regards,
Ed.

[donald tramp] 04/9/2017 08:10

Yes but from rns of 7th Aug we had already drilled 14 holes aussie, so we have actually drilled 2 new holes in a month.

[aussieb3] 04/9/2017 08:06

Donald read it again we have drilled 16 holes since June