Premier African Minerals Share Discussion Threads

[doctor 69] 08/8/2017 13:12

Mike f I think you are correct , buy price is now higher

[mike_f] 08/8/2017 12:57

Ask price rising, another afternoon push would be most welcome!

[mike_f] 08/8/2017 12:45

A buy 100%

[doctor 69] 08/8/2017 12:43

Sorry I meant 1.76 million

[doctor 69] 08/8/2017 12:42

Is that trade of 1.56 million just gone through a buy or sell

[vitec] 08/8/2017 12:03

This is only treading water because of the new shares and the YA deal. Once the shares are cleared and there is a greater understanding of yesterday's RNS then you will see the share price move significantly.

It is the Mcap of the company that needs to be watched as opposed to the share price I can understand that holders would like to see 10p and it is not unreasonable that the share price could achieve this but you have to take into account that we sit at half a penny and 10p is 20 times the share price we sit at today. The MCap would be in the region of approximately 500 million pounds. Can happen, but I think in the shorter to medium term my target is set at 2p to 3p with what I know and then I will re-appraise as further information becomes available.

[ihavenoclue] 08/8/2017 12:02

Can they wait until new monies become available to me on Thursday ? :)

[donald tramp] 08/8/2017 11:52

Wait till the grades of Li come out from the latest drill samples on the new find.

[ihavenoclue] 08/8/2017 11:37

Mike ... I agree that's why I am a bit annoyed I didn't sell and then buy back and double my holding ... that way my target would have been 5p not 10p :)

[mike_f] 08/8/2017 11:18

ihnc, I'm happy to wait a little longer for 10p :) At this moment in time my dream is my first ever 10 bagger. If all the ducks line up this should be pretty easily achievable with the assets we are playing with.

[ihavenoclue] 08/8/2017 10:24

Mike ... my target is still 10p, which I think is achieveable when a few certain things that are supposed to happen actually happen, but I am not sure we will reach that value next year so that is why I class it as a 2 year old to achieve this.

I will be more than happy to be proved wrong and we hit this value next year.

All IMHO
Regards
IHNC

[mike_f] 08/8/2017 09:55

I personally feel we could be realising true value within 6-8 months, let alone in a few years! Zulu could be sold/JV'd within 4 months and then a liquidity event shortly after we purchase the remainder of our Circum shares? GR has a big 'in' with Circum and knows what they are up to...

[ny boy] 08/8/2017 09:51

Tuck away for a few years, not many will though, as they will take 10-50% profits then spend yrs kicking themselves for losing out on another 10,000% no prbs hold long term if you don't need the cash and can just sit on these, that's what I'm doing. GLA

[ihavenoclue] 08/8/2017 09:11

vitec .. yup you are spot on

[vitec] 08/8/2017 09:02

Bill, Aspen are out. They sold their shares in the market at .03333p per share. It is NOT Aspen that is the seller. The trade (for memory) went through 2 weeks ago and the following day the share price doubled.

[edgein] 08/8/2017 09:01

If you scroll down you'll find the lithium leaflet worth a read, especially if you're interested in practically pure spodumene.

Regards,
Ed.

[mike_f] 08/8/2017 08:53

Background buyer this morning me thinks...

[vitec] 08/8/2017 08:28

telbap, that is why I think George will go down the JV route. PREM has a very good relationship with the government (their words, not mine)and will want to keep them onside as well. So they have to be considered in any deal that is struck. This to me,is critically important in ensuring that there is stability. Of course, governments change and therefore the situation can change. I also do not have an understanding of local government in Zim and what laws have to be obeyed.

[oakville] 08/8/2017 08:25

Back to .8 for starters.

[mike_f] 08/8/2017 08:24

Good job a large chunk of Zulu is near surface and will be able to be open-pit mined then hey? ;)

[donald tramp] 08/8/2017 08:24

Zim is already the 5th largest producer of Lithium in the world telbap.

[telbap] 08/8/2017 08:22

Vitec......all about getting it out the ground and processed. A very expensive project in most countries and possibly even more so in African countries with little or no infrastructure , good and strong laws etc etc. I am in EMH and they have produced absolutely 0 goods so far Beyond endless CPR reports..........god I am negative today!!

[nicosevos] 08/8/2017 08:09

...........................................:-))))))
Looking good!!!!!