Premier African Minerals Share Discussion Threads

[ny boy] 31/3/2017 09:45

Patience folks, will be above 1p in Q2

[sorrento06] 31/3/2017 08:47

As long as they don't sell them immediately

[timw3] 31/3/2017 07:50

directors taking payment in shares. bodes well to me

[sorrento06] 31/3/2017 07:50

Ring a ding, Trough boys! Fill your boots!

[sidjameslaugh] 31/3/2017 07:23

And so it begins

[highly geared] 30/3/2017 15:27

So good you said it twice...
It's my view, could well be wrong.

[sidjameslaugh] 30/3/2017 14:45

Sorry. But that is pure fantasy. You have no idea if forward selling has been completed or otherwise. That's as bad as saying tomorrow they are placing another billion shares. Strewth.

[sidjameslaugh] 30/3/2017 13:10

Sorry. But that is pure fantasy. You have no idea if forward selling has been completed or otherwise. That's as bad as saying tomorrow they are placing another billion shares. Strewth.

[mike_f] 30/3/2017 10:08

Good post HG, nicely summed up. Exciting times ahead here. I feel the downside is very minimal now, the only way is up! :)

[euclid5] 29/3/2017 20:15

if he converts his $300k loan into 0.005p shares that another 48m shares he is buying

[highly geared] 29/3/2017 19:56

By tomorrow, forward sell on holdings in lieu of placing share allotment will be finished and the 5-10% merchants will be out ,leaving a balanced book. Equally ,if £2 million of shares have been shifted , £2 million have been bought.
The next 6 months will see this company transform as RHA becomes revenue positive , the $20 million back cost payment starts to filter through and the maiden resource is announced for Zulu.

A JV for Zulu will likely follow the maiden resource so all to play for between now and July.

Circum and Casa add yet another liquidity angle.

[mike_f] 29/3/2017 12:07

I hope so garfield, I will put the house on it!

[garfield8] 29/3/2017 10:51

0.4 soon lol

[vitec] 29/3/2017 09:56

They don't at the moment because of the number of shares that are going to be sold into the market. The job of MM's is to balance their books and at the same time make a profit. They don't have a crystal ball that tells them they need to hold shares because news is due. We all know news is due we just don't know what news and when. This could be a trickle and then start to pick up momentum and become a flood. I am patient enough to wait for the big profits that I believe will come.

[sidjameslaugh] 29/3/2017 08:04

Unfortunately, what ever the market is,they just don't seem to care.

[timw3] 28/3/2017 20:00

CEO has effectivily bought £300k of shares at 0.5p. Now if that isnt bullish then what is. 2p+ soon imo

[billthebank] 28/3/2017 18:49

Geoge also had £200K in a trust fund and more besides.. Whats not to like here???

[mhin2] 28/3/2017 15:34

i was wondering why gr had nor subscribed...£300,000 is good enough for me...much better than the measly £5000 that ch of ast subscribed for in primary bids offer. gh now has vested interest to get the share price moving...esp. after the last sub 0.2p subscription, which I suppose was just about acceptable because it was pre circum and darwin had outstanding clns. Now we need news

[mhin2] 28/3/2017 15:33

Loan Agreement with George Roach -

Loan Agreement Conversion Rights

Premier African Minerals Limited, the AIM-traded, multi-commodity mining and resource development company focused on Southern and Western Africa, announces that it has amended the terms of the existing loan agreement ("Loan") with George Roach through the grant of conversion rights.

On 15 September 2015, George Roach provided a US$300,000 loan direct to Premier for the use at RHA Tungsten (Pty) Limited ("RHA"). The loan is unsecured and accrues interest at a rate of 3% per annum. As at 28 March 2017, the loan and accrued interest totalled US$ 309,457.

The Board has granted conversion rights in respect of the Loan, which can now be converted into new ordinary shares at a price of 0.5p per new ordinary share (being the same price as the offer price pursuant to the PrimaryBid Offer as announced on 27 March 2017).

just need gr to convert...tomorrow hopefully...yes more dilution, but ofset in balance sheet, effect should be neutral....merely sentiment, and more skin in the game

[vitec] 28/3/2017 15:30

George can now convert his loan into shares. If he has asked for that to happen then you can be sure that he believes he is going to make far more money from having shares then earning 3% interest per annum. Granted it was an unsecured loan. Onwards and upwards!

[highly geared] 28/3/2017 10:16

About 60% of the placing shares were churned yesterday by placees selling existing holdings to book a profit. There may be a bit of weakness whilst some look for a quick 5-10% but the value to be unlocked over the coming months is multiples of the current share price.
Perhaps punters need to have a 10 month rather than a 10 minute timescale?

[mike_f] 28/3/2017 09:14

Why don't you sell up then Sid?

[sapper2476] 27/3/2017 20:38

I do like a random guess. Probably go to 1p tomorrow....