Premier African Minerals Share Discussion Threads

[billthebank] 17/8/2017 12:18

Hmmmmm Only just had a minute to review the video with pro active. Personally I must be wearing rose tinted glasses but as far as I am concerned nothing has changed He has said that he will buy more Circum so no change there and he will use the Premier shares to do this again no change there however it is clear to me it is ZUlu that will enable the Circum holding to be increased. RHA has always been Q4 for continuous production and again no change there. Some people just need to be patient. The only worry I have really is George Roach's health. He is aged 68 and if something were to happen to him is there back up strenngth in the BOD to carry all this work forward. Looking forward to the new assays being revealed and for more info re the company's stratgey and for info re the suitors/jv partners As I understand there are 6 interested parties?

[jungmana] 17/8/2017 11:53

O/t AGQ something brewing there?

[berber1] 17/8/2017 11:47

I do believe that we will be trading in 0.5 to 0.75 range until we get the new assay results and an increased JORC, and have more knees about JV for Zulu.

[berber1] 17/8/2017 11:43

Bringing a mine into production always has teething problems, it is not always 100% positive, I do believe that technical issues with RHA will go on for a while, but will be resolved eventually. The problem with George R, is that he can be quite over optimistic in his statements, and then does not deliver, and that can be quite frustrating, and investors lose confidence; Even though his intention is to please share holders. I do not understand why he is chasing this Circum shares when everyone knows that the company cannot afford it, trying to bite more than he can chew. Well may be he has a good reason to do that, delays and loan sharks ( debt/ bond holders) can destroy the company even if it has excellent assets. I hope GR comes to his sense and concentrate on Zulu and RHA and do not get us into enormous debt that will bring the company down on its knees. Wake up George and smell the Humus, you have already had a bab experience with Darwin, yet ,,,,!,,,,?

[mike_f] 17/8/2017 11:13

Bid yesterday afternoon was .55p but you may be right...

[jungmana] 17/8/2017 11:05

YA at play imo. What else could have dropped this so fast from 0.6p bid yesterday afternoon?

[forwood] 17/8/2017 10:11

Prem investor presentation at 6.30 tonight. News before will help it along, news after will give added incentive to new investors. Either way we can expect positive news. Short term selling is quite mad!

0.5075 offered now, 0.5005 bid - recent unreported sell?

[doctor 69] 17/8/2017 09:45

Ed , Many thanks

[edgein] 17/8/2017 09:39

Doctor,

From live prices, bid looks like 0.504 ask is around 0.511. They've been trading tight and well within the spread since that lunch time RNS, I guess its down to the good liquidity at present.

Regards,
Ed.

[doctor 69] 17/8/2017 09:27

Any Idea of the true spread , is .5122 trades buy or sells

[vitec] 17/8/2017 09:25

As you are probably aware Ed I do not take comments personally. To invest in AIM companies you have to have the thick skin of a Rhinoceros!

[edgein] 17/8/2017 09:18

Vitec,

Fair do's. My comments were more general than pointing to you specifically. But you often hear on here about how negative RHA is to PREM yet its over $1bn of tungsten in the ground (gross). With the price of European APT up to around $25k/tn from around $22k per tn this could turn out to be quite a lucrative asset. We'll know from around the end of the year how its performing operationally, George suggests it'll be profitable from year end/Q4. Costs in Zim should be low, grades look normal for an operational tungsten mine. When they mix underground and pit ore they'll average higher than W resources for example from their production.

Regards,
Ed.

[vitec] 17/8/2017 09:08

Ed, I don't disagree with the analysis of RHA. I am just picking up on the body language of George and his words and even how the RNS's are constructed when they give project updates. RHA is not the primary asset. If it delivers all the better. I have never said it is a basket case. What I have said is I believe it is a regulated asset and that if this was the primary asset, PREM would be in far worse shape due to the monies required to finance it and the constant delays due to modifications.

We maybe entering the end game where RHA is concerned and we start to see revenue and profit and the repayment of the 20 million dollars. If this happens and we have a deal with Zulu within this time frame as well, I can see a perfect storm forming.

[vitec] 17/8/2017 09:01

dmitri, I am not surprised that you have resurfaced when the share price is in the red. My point about negative one liners is illustrated by your post.

Please enlighten me as to why none of us should be surprised? Is it because of the YA deal, could it be the 690 million shares that have been issued, could it be that more shares have been issued and are being forward sold in light of another purchase of Circum shares yet to be advised. Many know the negatives but we also know the positives. Wouldn't even you conclude that Zulu is massive and at some near point in the future will enable PREM to start to unlock this asset?

I would like to hear your views and why I should be more cautious.

[edgein] 17/8/2017 09:00

Vitec,

"Ed, my postings are my opinion and I do not expect everything I write to be agreed with. They are designed to stimulate opinions and debate and to widen the collective knowledge."

Yes and that's what I'm doing is stimulating some debate. :) True RHA is just ranking above Moz in terms of assets here. Circum and Zulu are multi billion $ assets, Zulu at 100% is looking like it'll be worth multiples of the value of Circum too. But I could see RHA throwing off potentially several hundred million $ as we get repaid past costs and future profits. Some might even call that a potential company maker for a £25m capped company.

Regards,
Ed.

[edgein] 17/8/2017 08:55

Many of us bought here for the lith many months ago when this was capped at just £5m. the share price and cap has risen somewhat but we've become debt free as a result of getting rid of Darwin and have two world class projects. So for a non-producer that's to be expected some dilution along the way every investor that's been around more than a year or two on AIM will realize this. However its worth looking at the PREM website regarding RHA, they've spent around $18m to get the mine up and running, our partner in the mine now owes us something like $20m to date. I guess the info on the PREM website is from the 2015 DCF/resource report. It interestingly states grades of 0.14-0.42%W for contained metal of around 53m Kg or around 53,000tn, that's pretty standard of many tungsten mines, W resources for example produces from grades just above 0.1%W. That puts RHA a little larger than I was expecting at $22k+ per tn and rising at present. Even if you whack an enormous discount on that and account for our 49% interest its still many times our current share price. RHA certainly isn't the basket case that some suggest.

Regards,
Ed.

[donald tramp] 17/8/2017 08:52

I like the analogy:

"It is almost like a child cherishes a toy and loves and looks after it until two bigger and better toys come along and the lure of the first toy diminishes."

[dmitribollokov] 17/8/2017 08:52

Not reealy sure how anyone is surprised here

[vitec] 17/8/2017 08:47

Ed, my postings are my opinion and I do not expect everything I write to be agreed with. They are designed to stimulate opinions and debate and to widen the collective knowledge.

I have discounted RHA due to the constant delays. I think George is being slightly disingenuous when he states "we always thought it would be Q4 before we had RHA up and running optimally and profitable". Without trawling through all of the RNS's I seem to remember him stating that RHA needed this modification and that modification and that it would be up and running a lot sooner than Q4.

RHA has sucked 20 million dollars. It gets to the point where you have put so much money in there is no turning back. The point, I have been making is that the constant delays and promises made regarding RHA would have turned off the majority of investors as they would have concluded it is a "jam tomorrow" project.

With the money sunk in RHA we should want a large return. However, if it is profitable and provides consistent cashflow, that enables other projects, that in my opinion are better and stronger to come to the fore, then I will be happy.

When George is interviewed, it is always Zulu, then Circum, then RHA. That is why I have concluded that it is in important but lags behind Zulu and Circum. It is almost like a child cherishes a toy and loves and looks after it until two bigger and better toys come along and the lure of the first toy diminishes.

[banksy] 17/8/2017 08:36

Well one question I'd like to ask George would be on this finance deal and how he intends to get the share price over .75 so that we are not losing money hand over fist on a monthly basis. I don't believe confirmation of Zimbabwe's biggest Li deposit will have any impact on the share price as market will want financing sorted whether stand alone or jv. RHA could provide a lifeline in q4 but this circumstance stuff really killing this company short term

[ihavenoclue] 17/8/2017 08:35

Quazie... Want to use my username?

[donald tramp] 17/8/2017 08:18

It's best to let them out Mike, the vast majority are rainbow chasers, or day traders, making a bit, losing a bit or seeing themselves flat and deciding to bail.

[quazie12] 17/8/2017 08:16

Something stinks