Premier African Minerals Share Discussion Threads

[billthebank] 25/5/2017 09:19

Mike we dont get the $20M NOW!! as they dont have the capability to pay that amount back. I cant recall how this is being paid but from memory I think we get all the profit until the $20M is paid then we have to share!!! Could be wrong but that is how I recall the situation?

[hiddendepths] 25/5/2017 08:32

There's clearly been a seller around for a week or so and offers have been well within the screen spread. My purchase was below the mid price and was reported as a sell as a result. Such things happen in every stock from time to time and when the seller finishes there's usually a decent rebound. I don't think it'll take too long to clear this seller as the volume's been pretty good of late.

[ruhel] 25/5/2017 08:17

Surprising....lot of sells. Hopefully another RNS will state how much we are producing.

[vitec] 25/5/2017 08:13

I thought that there would be a bigger appetite for shares today. Re-reading the 3rd May RNS it states shipments will commence early May. You could interpret today's RNS as a delay and that is why there is only a small movement, coupled with the fact that this had probably already been factored in to the share price Regardless of this, shipments have commenced.

[mike_f] 25/5/2017 07:56

And rather big ;)

[vitec] 25/5/2017 07:54

Hopefully, this is just the start of the positive news flow. We now know that the shipments have commenced and that means revenue and profit. PREM news has usually been raising money, dilution etc etc. It is great to get an RNS that shows that the assets are starting to put money in the bank rather than PI's being asked to stump up cash. Onwards and upwards, next RNS should be about Zulu and I expect this news is going to be rather soon.

[hiddendepths] 25/5/2017 07:26

It seems to have taken a bit longer than they expected. At least it's going ahead now!

[mike_f] 25/5/2017 07:20

Does that mean we get our $20M now??

[jungmana] 25/5/2017 07:08

Great news

[mike_f] 25/5/2017 07:06

RHA UpdateFurther to the announcement of 3rd May 2017, Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development Company focused on Southern and Western Africa, will now commence the first shipment of concentrate from RHA to Durban following the receipt of all required permits from the relevant Zimbabwean authorities to enable the Company to commence shipping of wolframite concentrate from RHA.Official PRODUCER!!

[1madmarky] 25/5/2017 07:06

Ok, so now we formally know what we already knew informally.....

[olybigboy] 23/5/2017 18:06

That kind of action is typical of mm's when theres news imminent.

[mike_f] 23/5/2017 16:40

On that price action at close it wouldn't surprise me if we get news tomorrow... fingers crossed! GLA

[ruhel] 23/5/2017 16:20

Surprised it's gone down today After a lot of buys.....but as everyone says...patient required. Gla

[highly geared] 23/5/2017 11:57

Still a persistent seller here but value of RHA / Zulu will become apparent very shortly.

[ny boy] 23/5/2017 11:24

Moving up again, seems like the start of a run up to text 1p+ over the next quarter.

Patience required.

[pauliewonder] 23/5/2017 11:03

Shame HUR never seem to live up to their potential. Stifel nonsense hasn't helped either but I think theyll come good at some point

[mike_f] 23/5/2017 10:47

Hey HD, welcome aboard, good to see a fellow HUR holder in here. GL

[highly geared] 23/5/2017 10:23

I expect this to be around 1.5p with RHA confirmed at full capacity and a reasonable maiden Jorc on Zulu. A Circum liquidity event will only add to that.
This may be a slow burn but staking at .65p now for 2-3 p this time next year represents a 400% return.

[hiddendepths] 23/5/2017 10:17

After watching for quite a while, I also took the plunge this morning.

[pauliewonder] 23/5/2017 10:14

Sorry guys, bought in here this morning after research = bound to tank!

[dmitribollokov] 23/5/2017 08:24

Liftathon already

[mike_f] 23/5/2017 07:55

Would be nice to be sitting on .75p before news! Fingers crossed another blue day. GLA