Premier African Minerals Share Discussion Threads

[mike_f] 08/6/2017 07:22

Zak Mir has told the Proactive Investors Bulletin Board that the 'technical glass' at Premier African Minerals Ltd (LON:PREM) is half-full, and he reckons the shares could head back towards a penny."We've seen the shares recover in the recent past with a vertical push through the 200-day moving average at the beginning of February," Mir explained."[The 200-day line] is now at 0.45p and while we're above that the technical glass here is half full."There is a line of resistance running at 0.7p so if that can be broken over the next couple of weeks then we would be targeting 1p and a re-test of the best levels of the year-to-date," he added.

[ihavenoclue] 07/6/2017 20:24

Not sure about that Bill. They shifted way from Zimbabwe for reasons of stability.

More likely is that weaker holders have lost patience with the overhang from the primary bid offer, and any rises being sold into, and sold out (at a profit or not)

[billthebank] 07/6/2017 16:54

Maybe maybe maybe it is the Zimbabwe effect that's causing this??

[vitec] 07/6/2017 16:15

I agree and have posted along the same lines.

[highly geared] 07/6/2017 16:10

Vitec; lets see what Kodal is valued at when they issue their maiden resource, currently valued at £20 million for a standalone lithium project. Their grades are better on paper as they're further on in their drill program but Prem will catch up in thd next few months.Interesting with Kodal that the Chinese have stumped up £4 million to fund the drilling and take a stake. Clearly with electric car and smart tech development, lithium will be in demand for the next decade.
If you look at our assets, based on the current share price , Zulu is valued at zero , or , its in at fair value and RHA is in at zero!
Clearly, the last 2 years are a drag on reputation and the market probably wants to see more evidence on RHA and an updated resource on Zulu with an indicated category before the shares are better valued.Regardless, the assets are there...

[vitec] 07/6/2017 15:33

Highly Geared you make a very good point. Whether Zulu is bought or developed the MCap in the future isn't going to be where it is today.

[highly geared] 07/6/2017 15:20

The SAMREC resource announced comprises only 2500 m drilling . It excludes the extensive 8000-10000 m of drilling underway and funded by the recent £2 million Primary Bid placing.
I expect the resource will be doubled in the coming months and a good chunk moved from inferred to indicated status.
Expect Zulu to be bought out later this year for c £100 million.

[ihavenoclue] 07/6/2017 13:09

Mike_F7 Jun '17 - 08:13 - 1924 of 1936 0 0
.523's are buys. Let's see if we can flush the seller with another big volume day today.

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The .507's are also buys

[barnetpeter] 07/6/2017 11:31

big seller here...5 million plus sells in a few minutes. Must be from a deal done by prem to pay in stock. Not Pi's or placing. Will be gone soon.....add plenty at .5 is my advice.

[dr jekyll] 07/6/2017 10:45

Are you on the right thread Ian? I can't see those.

[vitec] 07/6/2017 10:44

Games are being played. Hard to see where all of these shares are coming from to satisfy the demand unless the MM's are selling those that they purchased at .05p for the same money. Something is going on. The contractors could be selling down the shares they have as they just want to bank the money. Issue I would have with this is going forward they would demand cash and not shares if they believed they were going to take a hit on what they receive. This is bad business

[ianbag] 07/6/2017 10:37

now 30m buys on the spin...

[ianbag] 07/6/2017 10:27

as soon as MMs move it down - bang total of 21m shares purchased without reply - fishy

[1madmarky] 07/6/2017 10:11

Mike- could well be right re hot money moving on. Does seem illogical to me, we have issued a MRS that infers we really do have a shed load of lithium. There is currently a shortage of lithium so we should now be able to monetise zulu in some form. Hell if you can't monetise an asset when it is in demand you need shooting!
So, it's a case of wait and see what deal can be achieved.
GLA

[barnetpeter] 07/6/2017 10:05

.5 to buy...added a few

[billthebank] 07/6/2017 10:01

Cant remember the name of the company (African mines?) doing the mining for us at RHA but didnt they take their shares in shares. I know the share price was 0.7p but perhaps they have cashflow issues. No one surely would sell these below the last placing at 0.5p

[dr jekyll] 07/6/2017 09:58

Last three posts are spot on imho. Patience is the key.

[mike_f] 07/6/2017 09:48

Value will out, increased volumes will accelerate the time it takes for the seller to dispose of their holding whoever they may be and we will then have a significant rise on our hands. The more news that comes out over the weeks ahead the larger the gap between the mcap and true value so more and more PI's will take note and want a slice. Just hot money that wanted a huge rise in no time that are leaving the party.

[vitec] 07/6/2017 09:43

Madness! Best piece of news we have had for a long time and the share price actually drops down to the Primary bid price. We will deserve our rewards from PREM when they come because it certainly is a roller coaster ride! I also believe when the seller is done this will rise but it depends on the agenda of the seller. I have seen many companies sold down so that the MCap is completely out of quilter with the reality of the assets. This could be one of those cases.

[vitec] 07/6/2017 09:10

There has to be a big buyer in the market as the sells have been relentless and the share price has held up

[mike_f] 07/6/2017 08:13

.523's are buys. Let's see if we can flush the seller with another big volume day today.

[1madmarky] 07/6/2017 07:04

Looking at the trades, there were a large number of round numbered sells. So until they dry up it doesn't matter what prem report. Just need to sit on hands imho

[vitec] 06/6/2017 15:27

Good for you driver. I am also adding. Must be careful though not to fall in love with PREM as I will have a tendency to just keep on buying!!

[driver101] 06/6/2017 15:24

vitec

I always do the opposite buy on fact, just added at .51

[vitec] 06/6/2017 15:12

Don't see them drifting any lower. If anything we may have a larger company put the slide rule over us and decide the MCap is wrong and make a cheeky bid. If you look at the assets and then the MCap there is clearly a mismatch. This is time to be patient. Too many believe in buy the rumour sell the fact. The difference here is we know the news is coming and believe it to be good. Please remember the market is efficient at taking from the impatient and giving to the patient. PREM is not a case of Caveat emptor but has a solid foundation to progress.