Premier African Minerals Share Discussion Threads

[donald tramp] 09/8/2017 08:38

"identified a new zone with potential to exceed the already substantial resources and exploration target of the Main Zone"

[donald tramp] 09/8/2017 08:37

"infill and expansion of main zone"

[donald tramp] 09/8/2017 08:32

George Roach, Premier's CEO, commented: "The current drilling programme has provided in-fill and expansion of the Main Zone, but more importantly, has identified a new zone with potential to exceed the already substantial resources and exploration target of the Main Zone. Samples for assay have been submitted to SGS and results will be published on receipt. These new substantial intersections of pegmatites with visually high-grade Li-bearing mineralisation in the south-east of the claims block area yet again confirm the potential of the Zulu Lithium Project and support the Board's decision to look to add value to Zulu before proceeding with any of the strategic offers Premier has received to date."

[mike_f] 09/8/2017 08:29

3M buy @ .6484 just gone through

[mike_f] 09/8/2017 08:28

Buy order being worked through again by the looks of it. Another 10M or so to be printed later I reckon.

[tevita] 09/8/2017 08:28

is that right NICHOLAS

[vitec] 09/8/2017 08:16

Past performance of the share price is irrelevant so predicting as to where it should go is also irrelevant. The reason being that there are far more shares in issue. It is the MCap that is important.

Why is PREM a compelling investment case? For me it is simple, the MCap is to low. If If I wanted to get serious about the prospects of Lithium and wanted in to one of the largest mines in the world, held by a mining minnow, I could decide to buy out the company that actually held the asset.

PREM has a larger issue in that its Mcap sits so low that someone could come along and buy ALL of the assets at 3 or 4 times the current Mcap and still feel they have a bargain.

The pressure is not only to get a great deal with Zulu, purchase more Circum shares, it must be to fend off any unwanted suitors that think they can be opportunistic and take out the whole of PREM. Of course, I am sure that this would make others sit up and then look at PREM in a whole different way and value would then be outed. This added dimension in my opinion adds something into the mix and that is why I think it is compelling, exciting and several times frustrating.

[nicosevos] 09/8/2017 08:00

First step is for Cantor to run out of stock,
they're the MM to keep an eye on,imo
gla

[ny boy] 09/8/2017 07:53

Sp needs to settle above 1p before we can start getting excited and higher levels, also some previous resistance around 1.5p before the share price took off on the previous spike to over 2p

One step at a time, patience required, good chance still whilst sub 1p to accumulate for the future.

[bittorrent] 09/8/2017 05:56

EV Batteries: A $240 Billion Industry In The Making That China Wants To Take Charge Of
BYD, a leading electric vehicle manufacturer in China, is also one of the world’s largest battery suppliers. (PETER PARKS/AFP/Getty Images)
Even those who consider themselves somewhat knowledgeable about the electric vehicle (EV) industry would be hard pressed to name more than a handful of EV battery suppliers.
Most would quickly name Japan’s Panasonic and South Korea’s Samsung and LG Chem, as well as reference the Gigafactoy that Panasonic and Tesla opened this past January in Nevada. A few of the more knowledgeable would also name BYD, a leading electric vehicle manufacturer in China that is also one of the world’s largest battery suppliers.
Other than those names, however, and perhaps one or two other lesser known players, the list would end there.
Nearly everyone would be surprised to learn that there are now more than 140 EV battery manufacturers in China, busily building capacity in order to claim a share of what will become a $240 billion global industry within the next 20 years. As in all things auto, EVs and the batteries that will power them promise to be big industries in China.
A $240 billion industry
The math is simple. Respected auto analysts like those at Bernstein, a Wall Street research and securities firm, are predicting that EVs will account for as much as 40% of global vehicle purchases in 20 years. Since almost 100 million vehicles are produced and sold globally, that means that the annual market for EVs will be 40 million, even if the total global vehicle build does not increase between now and then.
Assuming that battery prices reach parity with the $6,000 cost of an internal combustion engine, a $240 billion battery industry is now in the making. Due to its well-publicized problems combatting air pollution, China will lead the way in EVs, as well as in batteries.
In order to meet projected demand, battery cell manufacturing capacity globally will need to increase dramatically, which is why China’s battery makers are aggressively expanding. When Tesla and Panasonic announced in 2014 their plans to build a “Gigafactory” capable of producing 35 Gigawatt hours (GWh) of battery cells every year, that was big news. (A GWh is equal to one million kilowatt hours.) After all, the entire battery capacity in the world at the time was less than 50 GWh.
A great deal has changed over the last three years, though. Led by China, battery cell manufacturing capacity has more than doubled to 125 GWh, and is projected to double again to over 250 GWh by 2020. Even that will not be nearly enough. Total cell production capacity will need to increase tenfold from 2020 to 2037, the equivalent of adding 60 new Gigafactories, during that period.
Shifting towards China
Battery technology originated in Japan; was then further developed by companies in Korea; and is now shifting strongly toward China. China’s cell production already has a larger share of global production than Japan’s, and China’s global market share is projected to rise to more than 70% by 2020.
Rapid market growth for EVs in China, as well as the tendency for Chinese auto assemblers to use homegrown products, augurs well for China’s continued leadership in battery cell manufacturing. According to Roland Berger’s E-mobility Index Q2 2017 report, locally made lithium-ion cells are used in more than 90% of the EVs produced by Chinese manufacturers.
With so many Chinese companies hoping to enter the battery sweepstakes, China’s government is considering policies that will set minimum production capacities for battery manufacturers as a way to further strengthen its position as a global leader. Although not yet official, Beijing would like Chinese manufacturers to have a production volume of at least 3 to 5 GWh per year. Separately, Beijing released draft guidelines at the end of 2016 stipulating that battery manufacturers would need to have at least 8 GWh of production capacity in order to qualify for subsidies. As a signal to the market, the government is planning to back the development of only those battery companies with annual production capacities of 40 GWh or more.
Who the government is championing
While Panasonic is the world’s largest supplier of electric vehicle batteries globally, Chinese companies are catching up.
Based in Shenzhen, BYD -- which stands for “Build Your Dream” -- is a Hong Kong listed, Chinese car company that in 2016 produced almost 500,000 cars and buses, approximately 100,000 of which were EVs or plug-in hybrids. Consistent with BYD’s strategy of vertical integration, it also has 20 GWh of battery cell capacity and is China’s largest battery maker.
In 2008, a subsidiary of Warren Buffet’s Berkshire Hathaway invested $230 million in BYD, which at the time represented a 10% stake in the company. BYD is now valued in the marketplace at $16.9 billion.
CATL is another leading Chinese battery company. Founded in 2011 and headquartered in Ningde, Fujian province, CATL focuses on the production of lithium-ion batteries and the development of energy storage systems. With manufacturing bases in Qinghai, Jiangsu, and Guangdong provinces, CATL has 7.7 GWh of battery capacity and plans to have battery production capacity of 50 GWh by 2020. Like BYD, CATL is the type of company that the Chinese government wants to support and promote as a national champion.
Companies to watch
Other companies to watch are Tianjin based Lishen Battery and Hangzhou’s Wanxiang Group.
Lishen has production bases in Bejing, Qingdao, Suzhou, Wuhan, Ningbo, Shenzhen and Mianyang, and plans to have 20 GWh of battery cell capacity by 2020. And Wanxiang is one of China’s largest private companies and one of the country’s leading automotive components suppliers. In 1994, Wanxiang established a U.S. company in Elgin, Illinois. Since then, Wanxiang has made over two dozen acquisitions in the United States, including A123, a battery maker that had gone into bankruptcy, in 2013, and Fisker Automotive in 2014.
The flip side to the coming Electric Revolution, of course, is that for every battery pack that is put into a vehicle, one less internal combustion engine is needed. While the growth of EVs will give rise to a large global battery industry, it will also make obsolete the substantial investments that have been made in global engine and engine component capacity

[donald tramp] 08/8/2017 23:18

Yep could quite easily be but I'm just being conservative and keeping our feet on the ground.

[jungmana] 08/8/2017 23:17

More like £300m market cap if all goes as expected by new year imo. 5p+.

[donald tramp] 08/8/2017 23:14

Pilbara has a m/cap of circa £0.5bn with JORC measured, indicated & inferred resource of 156m tonnes and they have funding in place.

We could quite easily end up with about the same size of resource, if we only have half then look how far the share price could go.

We are sat at circa £26m m/cap and that includes all other assets, so for Zulu roughly £20m.

No wonder we are being bought heavily. Should climb to £100m m/cap by end of year quite comfortably I feel, thats 2.4p share price without being greedy.

[donald tramp] 08/8/2017 21:06

We have option on all surrounding plots.

[dave224] 08/8/2017 21:02

Can anyone tell me whats to stop another company buying land next to prem's must be cheaper as the spodumene is probably all over isn't it?

[vitec] 08/8/2017 18:45

I have been holding for a long time!

[ny boy] 08/8/2017 18:34

Vitec , hold them long term, I am, so not bothered by up & down movements, it's expected with sub penny or even penny shares. As long as they trend upwards over time, which by all accounts they should do. Commodities sector should start to outperform the markets over the next year.

[jungmana] 08/8/2017 18:06

Bodes well for tomorrow. This should be trading well over 1p right now based on whats known already.Gla

[mrphiljones] 08/8/2017 18:04

Another lumpy buy 10m@.65....:-)

[ny boy] 08/8/2017 17:25

All going spiffingly well