Premier African Minerals Share Discussion Threads

[vitec] 13/6/2017 08:39

Is there something else holding the price back and why is the seller so persistent? I know there is talk of Noble having some issues but that we are fully insured and have another buyer waiting in the wings. What is the validity of this? Is this causing the share price to be held back. Until George issues an RNS with another update we will not know fully where we stand.

[vitec] 13/6/2017 08:32

I agree Ed. I suspect when we least expect it we will get some ground breaking news!

[edgein] 13/6/2017 08:31

Vitec,

Yeah looks like it, but once they clear and once people recognise there's more than just a producing tungsten mine here it'll fly. $bns of lithium free in then price here as well as the potash asset. Crazy caps and opportunities rarely last forever. I hope they prove it up 3-4 times larger as planned with the current ongoing drilling and sell it for several hundred million $. I'm sure the Japanese or Chinese would like another perhaps 1.5-2Mt of contained lithium for a fraction, perhaps $300-400m that would still give them $13.5-$18bn of contained metal to work with at pretty good grades. That's providing the lithium price doesn't improve further.

Regards,
Ed.

[vitec] 13/6/2017 08:24

There is still a seller about. To many 1m and 2m sells going through to think anything else.

[mike_f] 13/6/2017 08:11

Nice 3.9M buy over ask @.51p! More of the same please, then goodbye seller. GLA

[1madmarky] 12/6/2017 19:32

Oh yeah the lse board been on melt down for a while now

[billthebank] 12/6/2017 16:03

Cheers lMadmarkey.Helpful.Appreciate that.Saved me a lot of trawling

[1madmarky] 12/6/2017 14:13

Think noble are in the smelly stuff. I did mailed the info@premier blar blar blar and got a reply a half hour later. Basically stating that they are not aware of any issues that will affect payment for the tungsten they are fully insured against losses. Also that they have other interested parties and that any new contract would be on better terms for us than the current contract.
Think it's more a case of panic because we have not had confirmation of payment yet. This panic is because prem screwed up last time so everyone wants reassurance this time. Not unreasonable as far as I'm concerned. Also of course we are drilling holes like rabbits on speed so that must be costing money, hence money from tungsten would be good right now,

[billthebank] 12/6/2017 13:27

saw some banter on lse 're Noble.Anyone precis what that's all about?

[billthebank] 12/6/2017 13:18

what do others think on the possibility that afmine are selling there shares cos of cash flow?

[mike_f] 12/6/2017 11:00

The seller will be flushed out soon if the volumes remain the same then onwards and upwards. GLA

[nash81] 11/6/2017 15:16

time to buy back in.

news on RHA anytime soon

[tedoby2] 09/6/2017 16:06

Thanks Mike.

I think the photo's of the transport are very interesting. Not seen any of the transport before.

I also think it's strangely ironic in some ways that we're trading in the lightest metal in the world - Lithium @ a density of just 0.53 gm/cubic centimeter at Zulu and at the other end of the spectrum we have tungsten @ 19.3 gm/ cubic centimeter - almost 40 x heavier at RHA.

Deliveries of the Wolframite are being made using 20 tonne capacity lorries having an axle load less than 40 tonnes as I understand it. So not too many of those timber pallets per load at RHA if you please! "lol"

Just as their considerable difference in densities both RHA and Zulu will prove to be great assets I believe in the fullness of time for strikingly different reasons too. RHA as a cash cow and Zulu incredibly valuable.

We'll see.

GLA

[mike_f] 09/6/2017 15:21

New pics on website:



Loaded up and ready to go!

[mike_f] 09/6/2017 15:08

Buy price is increasing again, perhaps the seller has been exhausted as they seem to have eased up. A nice blue end to the week would be most pleasant :)

[vitec] 09/6/2017 09:49

Mike I am also baffled. Until the seller goes making progress is going to be difficult. I have given up trying to analayse it and am just sitting back waiting for the day I can have a permanent smile on my face. If we got to one tenth of the suggested 40p valuation I would be happy. I think that a suggested valuation of 40p per share with say 9 billion in issue is fanciful. I am not saying its not possible but from where we are to where this would be is millions of miles apart. Having said that every small company has had to start somewhere so why could it not happen to PREM. Considering the election night we have just had the market seems to be coping well. The FTSE 250 is taking a hit.

[billthebank] 09/6/2017 09:42

I reckon it is afmine. Could be wrong as they received their shares at 0.7p so surprised to see it but maybe they have some cashflow issues and need the readies. Who knows!!!! Maybe George knows?

[mike_f] 09/6/2017 08:51

Who is still selling?? Baffled

[ihavenoclue] 08/6/2017 16:09

tedoby2 .... nice post :)

[mike_f] 08/6/2017 15:25

If we can hold this gain today, it's one hell of a bullish signal on the chart if my limited charting knowledge is correct.

[thehitman1] 08/6/2017 15:14

Add a few more this morning.

[highly geared] 08/6/2017 15:13

Echo that,superb rational informative post.

[mike_f] 08/6/2017 14:57

Fantastic post tedoby2, thank you very much for sharing your calcs and thoughts. The future is certainly bright!

[ianbag] 08/6/2017 14:51

Big change in daily volumes since Tuesday so something is cooking here