Premier African Minerals Share Discussion Threads

[sidjameslaugh] 20/2/2017 13:03

No idea what is going on here. I've seen shares move higher on a stationery order. !!!

[barnetpeter] 20/2/2017 12:55

There must be something holding this back. Who keeps selling at .85? Where is all this stock coming from? Can't b private investment.....you don't wait til you get outstanding news and sell out for 5 per cent rise

[ny boy] 20/2/2017 12:39

Clearly going higher, seller being mugged each phase of the move higher. Smart money is holding for the longer term and having a chuckle each time the share price climbs higher.

Onwards we go.

[mike_f] 20/2/2017 12:00

Post on LSE:Microtan 1,663 postsPREM Summary 20 February 2017PREM Summary as at 20 February 2017. 1) RHA Tungsten Mine. Underground works completed on target. Latest design XRT sorter despatched from South Africa this week with production early March. PREM's 51% partners NIEEF owe £20M for development costs. NIEEF's share of RHA profits go to PREM until repaid. RHA has 18 years open pit and 40 years of underground mining. News on completion of installation of XRT sorter and commissioning is expected later this month. 2) Zulu Lithium/ Tantalum Drilling completed 3 weeks early and assay results are being processed during February/early March. The completed tests extend over 3.5km and down to 200m depth along a 5km strike. A further 2km strike to the North makes a total strike of 7km. Grades exceed targets with up 3.3% lithium dioxide (Li2O) with around 2% average quantified. Tantalum grades will also be fully assessed early March. The drill rig remains on site for an extended drilling programme to further increase the size of defining the ore body. 3) Once the final resource has been evaluated, PREM may form a separate company. Zulu is conservatively valued at £66 million. News on batches of certified assay results are expected during February/ March on a rolling basis. 4) TCT Industrias Florestais Limitada (TCT). PREM has a 52% share in TCT. The hardwood forestry division has a projected $750k per annum profit. TCT's limestone division will be developed selling agri-lime and limestone aggregates with funding from PREM's TCT/ RHA profits. News on financials is expected any time soon. 5) Casa Mining Limited (CASA). PREM have a 4.5% share in CASA that is planning a 5,000 metre drilling program and will issue a revised scoping study for a potentially larger gold mining operation. In December 2016 PREM decided not to acquire up to 30% in CASA agreeing to work towards consolidating the CASA interests and find appropriate finance to fully develop the project. News on developments is not expected until later this year. 6) Circum Potash shares have been valued by proactiveinvestors at $42 million. Morgan Stanley is facilitating the buyout once Ethiopian government sign off agreement. Circum published an update on 10 February 2017. News on anticipated liquidity event is expected any time this year. 7) PREM has numerous assets across Africa awaiting development. Details on PREM's website: -

[falia] 20/2/2017 10:36

GUYS MAFL RISING , MKT CAP ONLY 2M , RESULTS FROM MINNING VERY SOON

[gunner71] 20/2/2017 10:13

Is the lithium on the surface or does it need to be mined ??

[mike_f] 20/2/2017 09:41

Post on LSE:Xulu 1,625 postsXuluYes, 3.3% is the headline. The average grade overall is now roughly 1.7% over all holes. This is very high. If you imagine others are around 1-1.4%, 1.7% may sound insignificant - but we have 30-50% more Lithium in the Ore. This is huge for the economics going forward in itself. But i'm very interested in the Tantalum. I showed the amount that PLS was able to deduct from their Tantalum, and ours is double the amount. Combined this will be a very low-cost mine, in Zimbabawe, that is already host to the worlds currently cheapest Hard-rock Lithium resource.

[ny boy] 20/2/2017 09:34

Only the long term holders left to reap the rewards by being patient, day trippers have got mugged for a few % profit, it's been rinse & repeat since 0.30's but for long term holders fantastic progress, with the best period to come.

[ny boy] 20/2/2017 09:16

Most are holding, as an easy one to make decent returns over the medium/long term. Plenty of good news flowing coming through and plenty of interest from investors going forward to support the share price action. GLA starting to get a tad excited at the prospects from here.

[miahkaysor] 20/2/2017 08:54

3rd on the top list!!

[brahmsnliszt] 20/2/2017 08:46

Like the story. Have a load from around ave of 0.5pPatience required now.

[kcowe] 20/2/2017 08:37

Those £70,000 and £56,000 buys from last week were not out for a 12% rise lol... plenty more to come here ..

[simon_64] 20/2/2017 08:34

Picked up a few today for first time looking good for a good run.

[wolfcub] 20/2/2017 08:28

Brilliant today- topped up on the dip 1p + easy today I feel.

[thehitman1] 20/2/2017 08:24

122 million in 24 mins, this will smash 1p today.

[mike_f] 20/2/2017 08:23

Last chance before the onslaught on 1p IMO, traders got their 10%+ from last week. Buy and hold.

[ny boy] 20/2/2017 08:19

Look ..you keep getting sellers being mugged, it started in the 0.30's and has kept going, soon we will be having the same conversation when the share price is well into the 1p's having broken through 1.08p and heading towards the 2p's

[kcowe] 20/2/2017 08:16

RHA tungsten are commencing mining in March at 24000t a month. That was initially planned for Q3....we're going straight to the higher figure. Straight to $500k/m profits.

[miahkaysor] 20/2/2017 08:15

I'll be happy to close 80-90 today!Can't wait for the assay results!!!

[mike_f] 20/2/2017 08:14

bp, jut traders, I have no doubt this will test (and possibly break) 1p today. Zulu is a monster!

[miahkaysor] 20/2/2017 08:14

Buy pressure building on!!!!

[keya5000] 20/2/2017 08:13

BP no shame at all from you eh?

[barnetpeter] 20/2/2017 08:11

It seems sellers out in force on this news. Strange really. Looks good to me