Premier African Minerals Share Discussion Threads

[mike_f] 16/6/2017 09:28

Nor me paulie... amazed we haven't seen huge volume already on that news with new investors jumping onboard. Prospects here are fantastic. Not one to normally agree with people when they say this but there is every chance we could be taken out with a low ball offer looking at the market cap...

[pauliewonder] 16/6/2017 09:22

Cannot believe the share price is still so low!!

[shirley83] 16/6/2017 09:19

Huge lithium grades no wonder he is happy

[mike_f] 16/6/2017 09:09

Superb news!! George Roach, Chairman and CEO commented: "We are very excited with these excellent initial metallurgical test work results. These results demonstrate that we can produce a commercial grade, high quality lithium mineral concentrates from both the spodumene and petalite mineralisation at Zulu project. We will continue to conduct further testing to optimise the recoveries and grades, as well as improving the flowsheet design for the Zulu project."The metallurgical test work results and the recently announced a maiden Inferred Mineral Resource Estimate at Zulu of 20.1 million tonnes grading 1.06% Li(2) O on only a part of the 3.5km strike length of the Zulu project again confirm that the Zulu project has all the hallmarks of a world-class lithium project."

[edgein] 16/6/2017 09:06

Great news from the metallurgic test work, so Zulu is giving high recoverability from flotation and producing the expected concentrate grades. All sounds very positive when considering the interview on audioboom as they're in advanced discussions for Zulu and RHA to be profitable by Q3 as per previous guidance. George sounded excited in that recent interview.

Regards,
Ed.

[tedoby2] 15/6/2017 20:36

sleveen thanks for posting the link.

There's lots of positive information to take in from the podcast but it's good to have my earlier post confirmed that the first shipment of 20 tonnes of APT has been made from RHA and payment has been received.

It seems the deliveries and payments of the APT fall under a "general business" classification and are not considered as "material" events. Therefore they do not warrant RNS's.

GLA

[1madmarky] 15/6/2017 20:06

Cheers for the link. Sounds like steady as she goes!

[sleveen] 15/6/2017 16:22

ssrmb

Use a capital H and you can then create a direct link:

[donald tramp] 15/6/2017 16:16

I've just joined the club 2m purchased.

Pod cast well worth a listen to.

[ssrmb] 15/6/2017 15:20

hxxps://audioboom.com/posts/6019189-802-premier-african-mins-prem-nostra-terra-ntog-sdx-energy-sdx-pembridge-resources-pere

[ssrmb] 15/6/2017 14:52

Good post Vitec, thanks.

[dr jekyll] 15/6/2017 14:36

Logical and reasonable post vitec. So much so that I agree with every single word of it :)

[vitec] 15/6/2017 14:18

Can be a variety of people. I have no specific idea. You must remember that the shares languished in January at .25p, half the current share price Anyone purchasing then would be sitting on a healthy profit and maybe wanting to sell the holding down. The news we believe should be positive but I think the continuing issuing of shares and the ability of AIM companies to want to tap further funding (PREM has not been an exception to this) plays on the markets mind. For the share price to rise and for that to be sustainable I think we need the following:

1.The seller (whoever they are) to be gone
2.An RNS confirming that RHA is now producing optimally and that shipments will be sustainable and produce profit and revenue
3.An update concerning our stake in Circum. George thought a liquidity event would happen in 2016, we are now half way through 2017
4. A further update on Zulu. My take on this is that it maybe a world class asset but you are going to need huge sums of money to develop it. Looking to go it alone maybe an option but could mean more dilution to current shareholders. I am not against this if it produces returns in the future but looking at other ways to monetise the asset may in the short term be a better option.

I am in it for the medium to long term but that means different things to different people. George wil probably take the view he is in it for the long haul and decisions taken will not necessarily help the share price in the short term as his and the BOD's concern is building a large profitable company. The share price will follow suit. Impatience here will put pressure on making decisions that are poor and ill informed and will not give any of us what we desire.

[ssrmb] 15/6/2017 14:04

Any idea who is selling Vitec, as you say very persistent.......

[vitec] 15/6/2017 13:53

Seller still here and persistent. I almost don't want any positive news now as it will raise the share price only to see it fall as the seller sells into the strength. Ideally we need them to be gone so any rise in the share price is sustainable.

[1madmarky] 15/6/2017 12:44

I guess this is a once bitten twice shy moment. No one is prepared to give the benefit of any doubt, hence the share price.

[mike_f] 15/6/2017 12:38

Apparently someone on LSE has spoken to GR and asked that when he puts an RNS out confirming first payment received please enclose finer details and not a one liner which he apparently took note of so hopefully we get a comprehensive update when this arrives. I'm guessing Mon/Tue. GLA

[donald tramp] 15/6/2017 09:33

ted "I believe we have now received payment for our first shipment"

It's clear and simple they either have or they haven't there is no middle ground and if they had I'm sure the would have rns'd it.

[donald tramp] 15/6/2017 09:21

Will the 200mda hold, that's the question Mike.

[tedoby2] 15/6/2017 09:21

Thanks Mike. It's good to know the chart looks promising on the back of imminent news
too.

Just on RHA having checked with the company yesterday I believe we have now received payment for our first shipment. I think that's great news although I wasn't given the finer details.

GLA

[mike_f] 15/6/2017 07:25

Worth a look:

[mike_f] 13/6/2017 20:58

Good to finish 10% up today, RHA update imminent and volumes rising, all encouraging for a further push north as long as the seller finishes.

[tedoby2] 13/6/2017 09:36

Just an observation but I see Nobles share price bounced yesterday. At one point it was up just over 15% but retraced to finish just over 10% at close.

It seems the reason for the bounce is that there are several suitors interested in all or part of their oil ownership in the Americas.

The article said Noble were currently resisting discussions on that front still preferring to find a white night to help resolve their issues. But at least they have a fall back position to help them to restructure if needed.

The China Investment Corp are a substantial investor in Noble I believe and as long as it remains the case that should help too.

AIMHO

GLA

[edgein] 13/6/2017 08:53

Vitec,

Only they can answer that. You could have said the same about the Singapore fund that sold 15% of SOLO prior to drilling the high impact N-2 well recently. They drove the price down to 12 months lows of less than 0.19p. Everyone knew that the well was coming in the next month or two but day in day out they sold. The share price peaked pre-results at about 0.85p to sell. Why institutions sell is sometimes a mystery, but I guess they've all their own strategies. Again for an extended period these traded at less than 0.25p and there were millions traded below that price. It's when I bought most of mine. I guess that plenty of those moved on with the subsequent rise to close to 1p but there may still be some getting a good profit at this lvl. So some of that may explain the selling. I would imagine that Darwin are long gone and all their conversion shares have been sold.

Regards,
Ed.