Premier African Minerals Share Discussion Threads

[mike_f] 21/8/2017 07:36

ihnc, not at all. All I meant was that if SE was discovered just a few weeks earlier that would have been included in the PEA however any potentially interested party will be able to see that the geology is extremely similar and probably attribute the same or extremely similar calculations to SE also. Even though the grades look like they're going to be even better than the main zone!

Can't wait for assays now. GLA

[ihavenoclue] 20/8/2017 12:30

Surprised I hadn't filtered 'letmepass' before now ... nevermind, I have now rectified my over sight ;)

[luckyvince] 20/8/2017 12:05

The same person is touting ALPH on the VAST thread. As i understand the Bod has said there will be no money for shareholders from the sale of assets. Take care in my opinion.

[sleveen] 20/8/2017 11:54

ALPH...Due to the ongoing orderly realisation of the Trust's investment property with the view of winding up the Group in due course,

[letmepass] 20/8/2017 10:56

ALPH Big bounce coming.. 50% shares TRADED 100K MCAP

[bittorrent] 19/8/2017 21:13

If the results from the new zone are consistent with the old one, any prospective buyers can infer the resource in total.

[ihavenoclue] 19/8/2017 16:39

Mike_F18 Aug '17 - 15:09 - 3886 of 3888 0 0
Just a shame the PEA is going to cover the main zone only, with SE looking to be even bigger!

===========================

Would you rather they wait for all combined ? I would prefer a steady flow of assays, drill results and then PEA for Main and wash and repeat ;)

[vitec] 18/8/2017 16:05

Just got back from playing with the traffic on the M25!

I haven't watched the presentation but intend to either later on tonight or tomorrow.

The PEA is solely designed to extract as much monies out of the interested parties as is physically possible. However, it is a bit like trading shares. You need to leave something in it for the next guy. George will be aware that trying to achieve the very best price and making someone pay for this, certainly if you are going to have a partner, is probably not the best way to start a relationship. If I was in the hot seat and would be trying to achieve a deal that is fair and equitable and allows the partner and PREM to grow within the project.

Alternatively, if you are going for an outright sale than you want the PEA to encompass all areas of the mine so that you have the leverage to extract the best price.

I am still of the opinion that we will enter into a joint venture or a separate listing will be considered in the longer term. Having a stand alone company makes sense as its ability to raise finance should be unhindered compared to that of PREM.

[edgein] 18/8/2017 15:42

Mike,

That's what the continuous drilling that's now ongoing is set out to do (perhaps even a second rig too) funded by the financing that many are whinging about. Money well spent. Once they've lots of holes in the SE discovery we'll know the size of that one. I just hope the PEA covers a lot of the extension holes and not focuses on the first 35% of the strike drilled. 8-9 weeks more could get in more of the infill results.

Regards,
Ed.

[mike_f] 18/8/2017 15:09

Just a shame the PEA is going to cover the main zone only, with SE looking to be even bigger!

[edgein] 18/8/2017 14:39

Interesting posts guys, so the PEA for Zulu is expected within about 8-9 weeks. No doubt we'll get more drill results and assays to keep us busy up to that point. Given the metallurgic test work for Zulu to date the PEA should be very encouraging, but the DFS when Zulu is fully drilled along with Zulu SE will be the stunner.

Regards,
Ed.

[doctor 69] 18/8/2017 12:59

dr

yes any day . this is for the new zone and will if positive boost the likely reserves for lithium.

[dr sexington] 18/8/2017 12:45

are we expecting some news here?

I thought some assay results was due this week.

[doctor 69] 18/8/2017 11:11

Have you guys seen the presentation now on website. i am most impressed and like the graphs , this upcoming result on new zone i think is really important

big strengthening i reckon these will go up later

[billthebank] 18/8/2017 10:49

Post edited including all other vowel issues!!!!!!

[mike_f] 18/8/2017 10:43

100% a buy, highest price paid today.

[doctor 69] 18/8/2017 10:40

Auusie what this means , if a large trade the mm can delay telling the market and so it gets evenign more confusing to know if a buy or a sell , however it looks like some buys comming in

[aussieb3] 18/8/2017 10:39

If u look at price I'd say prob a buy

[bittorrent] 18/8/2017 10:37

aussie b3, OK – Ordinary trade with delayed publication requested. So don't know if it was a buy or sell.

[aussieb3] 18/8/2017 10:30

Some big buys coming in , wonder who buying , 6 million shares

[aussieb3] 18/8/2017 10:07

Cheers doctor

[dmitribollokov] 18/8/2017 10:03

And it's 'mooted' not 'muted' if you want to get into nit-picking tramp