Premier African Minerals Share Discussion Threads

[doctor 69] 12/8/2017 09:09

Donald t , the figures look a reasonable way to look . Next week sounds interesting

[donald tramp] 12/8/2017 08:21

1/1/18 (conservative approach)

Zulu £50m
Circum £50m (no more shares purchased)
RHA £10m (only throwing off £100k month profit)
Everything else £1m

£111 m/cap, so share price of 2.4p

Simple numbers but in my eyes it's a simple equation of risk/reward and where we are sat now at £26M there is very limited downside risk, but the potential for very substantial upside that could make my figures above look paltry, but best to keep ourselves grounded.

Quite easy to see why the PREM team think this could 10 bag within 12 months.

[cambradjones] 11/8/2017 22:56

Think we did well to end the day flat.Roll on next week.

[mike_f] 11/8/2017 13:56

Very glad assays weren't released today, miserable day on the markets.

[cambradjones] 11/8/2017 13:27

10 million trade gone through, showing as a sell again but who knows.Strange that we have not had any intraday movement yet.

[mike_f] 11/8/2017 11:28

Quite a few million bought today actually just all below mid so show as sells!

[doctor 69] 11/8/2017 11:20

yes , many of the sells are buys . i bought 500k

[fund1] 11/8/2017 11:15

As anybody bought today?

[andrewsr] 11/8/2017 11:10

How would a separate listing for Zulu work - would that result in a pro-rata share issue to Premier shareholders or a cash sum (minus costs?) for Premier to be distributed as they wished? Thanks.

[dr jekyll] 11/8/2017 10:52

Cracking post DT. I like your style.

[frost1] 10/8/2017 21:07

European tungsten price up 9%.

[mike_f] 10/8/2017 21:05

We are dragonboy, assays due imminently. Tomorrow or Monday for the release IMO.

[donald tramp] 10/8/2017 20:26

Stephen Dattels Chairman of Circum Minerals

Just read his CV, and we share a common director.

He will be wanting a piece of Zulu, directly or indirectly, it's right up his street, watch this space.

Stephen Dattels is a seasoned senior mining executive and resource financier who has founded and/or financed numerous mining ventures in several continents in diverse commodities including gold, LITHIUM, uranium, copper, nickel, iron ore, coal and potash with Circum. He is also an active investor in oil and gas exploration in Africa and was one of the founders of two successful private African oil and gas exploration companies, Signet Petroleum Ltd. and Regalis Petroleum Ltd. Mr. Dattels is currently Joint Chairman of Fast Forward Innovations Limited, a director of LSC Lithium Inc. and the Co-Founder of Circum Minerals Ltd.

Mr. Dattels was a senior executive and director of Barrick Gold Corporation during its formative years, when it grew from a capital base of US$10 million to a market capitalization of US$2 billion when he left in early 1987. Since leaving Barrick, notable companies he founded include International Pursuit Corporation, which was active in mineral exploration in Southeast Asia; International Gold Resources Corporation, which developed and sold the Bibiani mine in Ghana; Caledon Resources PLC, which owned and sold the Cook coking coal mine in Australia; Oriel Resources PLC, which developed and sold a nickel and chrome mine in Kazakhstan to Mechel Steel Group for US$1.5 billion; UraMin Inc., an explorer and developer of uranium assets in Africa which was sold to Areva for US$2.5 billion; Polo Resources Limited, a natural resources investment company which has invested in uranium, coal and gold assets in Africa, Australia and Asia; West African Minerals Corporation, an African iron ore development company; and Regent Pacific Group Limited, a natural resources investment company.

Mr. Dattels has also provided directly or indirectly early stage funding for numerous resource companies through various investment vehicles, the most notable of which was Kalahari Minerals PLC which controlled Extract Resources Ltd., which developed the Rossing South uranium deposit in Namibia and subsequently sold the asset to two Chinese Government controlled entities for US$2.2 billion. One of such investment vehicles, Polo Resources Limited also owned 10% of Extract Resources Ltd. during its development stage.

Mr. Dattels is currently active as Chairman of Regent Mercantile Holdings Limited, a private investment company. Mr. Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the program for Management Development at Harvard.

[dragonboy] 10/8/2017 19:53

Are we due some more news?

[highly geared] 10/8/2017 19:36

I think a Circum event is on the near horizon and this explains the recent frantic efforts to get hold of as many shares as possible, regardless of the short term dilution and Prem share price weakness.....

[doctor 69] 10/8/2017 16:46

Mike F and Vitec , thanks . been adding PREM all last week and this week .

good luck

[vitec] 10/8/2017 16:43

Sorry Mike I think you will find it is 2022. We will not have to wait that long to see value from Circum. A liquidity event will happen way before 2022.

[mike_f] 10/8/2017 16:06

Lol DT

Doctor, the Danakil Potash mine isn't due to start production until 2021. The event we are waiting for is a listing on the stock exchange or a sale which would then unlock the value in the asset.

[doctor 69] 10/8/2017 13:25

When is circum likely to start making sales

[donald tramp] 10/8/2017 12:31

Just for the mix,

Circum listing.

Some suggesting an RTO but can't see that one for the life of me.

[sarpanch] 10/8/2017 12:18

A definitive feasibility study suggested the total value of Danakil was in the region of US$2.1bn – after tax.If true that means Premier's stake is worth around US$84mln; a sizeable amount given the explorer's current market value of £18mln.Circum is targeting annual production at Danakil of 2 million tonnes (Mt) of potassium chloride and 0.75Mt of potassium sulphate for phase I, with the possibility of two or three further expansions.

[sarpanch] 10/8/2017 12:15

I think it was a good decision to buy Circum shares. In long terms it will add value to PREM shares. - Premier's 4.2% stake could be worth as much as US$84mln according to a recent definitive feasibility study