Premier African Minerals Share Discussion Threads

[dmitribollokov] 23/8/2017 09:19

Keep clapping guys, you'll be down at zero soon, think how many shares you can buy then. Fools/money/parted...

[edgein] 23/8/2017 09:18

Vitec,

Give RHA a chance, he says it'll be cash flow +ve by year end, grades are reasonable for a producing mine given the rising tungsten price. I certainly wouldn't write that one off at this stage. Like all mines it'll take a period of optimization to get it to where they want it, but its getting there from the recent interviews and RNS releases. Its no real surprise though that most of the talk is about Circum with an NPV close to $3bn and if proven up Zulu could be worth multiples of that. Puts the $1bn (gross, we have 49% or so) of tungsten in the ground at RHA in its place. I could see RHA being worth at least £25m in due course though, but this will seem minuscule in comparison to Zulu.

Regards,
Ed.

[vitec] 23/8/2017 09:01

There are those that believe the story and those that don't. I am ok with that.

Dimitri, you lose all credibility when you post "I'm not trying to wind people up, i just don't like it and i don't want to see people lose money" Please, I do not need to be saved by people like you and money is completely safe in my hands.

I am gobsmacked that most of all of the chatter is about Zulu and Circum. I do not see anything negative about purchasing more Circum shares. My concern is about RHA.

You have to be a complete idiot to not recognise that George knows the guys at Circum very well. Does anyone honestly believe that George is so naive that he would invest in this asset knowingly diluting himself and all other shareholders in the hope that his gut instinct was that there was going to be a liquidity event? I believe the answer to that question is no. I am convinced that this will happen but it is unclear when. Potash is a resource the world wants. Lithium is a resource the world wants. Limestone is in demand. There is a strategy unfolding to be involved in minerals and metals that have a growing demand and these demand a growing price.

All the shares I own are paid for. I am in no hurry. I am disappointed that we have had a few false dawns but one day in the not to distant future I believe we will get a transformational RNS and the party will begin.

[edgein] 23/8/2017 09:01

Dimitri,

That's a very negative outlook you have on the rest of the world, so its not just PREM then! Its not that bad really! Glass half full man! Go on to Amazon and buy yourself a few books on positive thinking. Sun is shining, folks getting some cheapuns ahead of the assay results on Zulu SE, we're getting our ducks lined up on Circum. Its really not all that bad, well funded too after the 31st of July financing to support drilling on Zulu. Cheer up.

Regards,
Ed.

[dmitribollokov] 23/8/2017 08:55

It's a sad, paranoid and confused world.

[edgein] 23/8/2017 08:51

Dimitri,

Well you'll fit right in with ADVFN then, good Samaritans are all over this site, not a deramper in sight. :)

Regards,
Ed.

[edgein] 23/8/2017 08:49

Dimitri,

Oh yeah the red flags of a significantly growing asset at Zulu and a superb investment in Circum. I'm just one of the realistic investors that know that drilling on Zulu isn't free and while there are distressed sellers on Circum they're not just going to give us free shares in a world class project. So shock horror an AIM company needs to raise money to develop/invest in two world class multi $bn projects. Old Ed here has all the time in the world, old Dimitri on the other hand needs to get back in before one of the liquidity events, or both of the liquidity events. :) What grade do you think the practically pure spodumene will come in at, or even the high grade samples around it?

Regards,
Ed.

[dmitribollokov] 23/8/2017 08:39

Ok ed - i see no amount of red flags or share price decline is going to stop the pom-poms and confetti approach for some. Silly market, it's wrong again...

I'm not trying to buy back in btw! Feeling pretty lucky to get out of here unscathed. I could buy back at a 25% discount to where i sold now if i wanted.

I'm not trying to wind people up, i just don't like it and i don't want to see people lose money.

[andrewsr] 23/8/2017 08:35

I think what is already known publicly is sufficient justification for the purchase.

[edgein] 23/8/2017 08:31

Dmmitri,

Don't have to keep telling myself that at all, its all in the RNS and presentations. Zulu was 20Mt of ore when they drilled 35% of the known strike. Through infill and expo they now believe its up to 80Mt of ore. But then they made an additional discovery in the SE which they now believe to be bigger than Zulu. So they needed to raise £4.8m to get a second rig on there and go all guns blazing on Zulu over the next 4-6 months so that our new partners have to pay a suitable price for a 80-160Mt+ asset. That's whats going on now. So yeah these funds are going to be put to good use and highly valuable. So George cannot just lump all his cash into Circum, that's the difficulty when you've two world class projects approaching liquidity events. He has to keep momentum going on Zulu as he needs to prove as much lith there asap or it could be taken out of his hands with a hostile bid. That's just the simple earthly facts.

Yeah PREM now own 5.2% of Circum, probably buy some more on the sale of the timber business. We might get a couple of % more on the cheap through issuing equity, but probably get above 10% when we get Zulu sorted and one of the deals on the table signed after many more results and assays from Zulu and Zulu SE. I bet you can't wait for SGS to get the results back from the practically pure spodumene samples taken from the SE discovery. I know I can't, but then I'm a holder and not trying to buy back in again. I guess that's why you're so vocal. :)

Regards,
Ed.

[mike_f] 23/8/2017 08:29

andrewsr, George is good mates with a couple of people at Circum. I would be amazed if he doesn't know more that what is in the public domain...

[dmitribollokov] 23/8/2017 08:27

andrew that applies to pa trading...He hasnt just done a pa trade.

[dmitribollokov] 23/8/2017 08:25

3m - really? That's a retail punt.

[andrewsr] 23/8/2017 08:25

If George is 'privy to information' he would be an insider and so couldn't trade the shares or does that only apply to individuals? I would think his actions are based on publicly available information, i.e. his assessment of the situation?

[mike_f] 23/8/2017 08:24

dmitri, sale of TCT by the sounds of it...

[mike_f] 23/8/2017 08:23

3M buy just went through, someone is confident in the story. Let's hope these assays blow us all away and give up a bit of a perk!

[dmitribollokov] 23/8/2017 08:22

Yep, keep telling yourself that ed. That's why your ceo is desperate to give away shares in that asset in exchange for a potash asset in ethiopia that no-one wants to buy (apart from him).

Meanwhile, back on earth, PREM currently own 5% of circum, they would like to get to 12%. Anyone like to hazard a guess as to how they might acquire that extra 7%?

[edgein] 23/8/2017 08:19

Dmitri,

Oh yeah PREM's cash is highly highly valuable, you realize its currently being used for infill drilling and exploration of Zulu and Zulu SE. Using a few million to prove up potentially the largest undeveloped hard rock lithium discovery in the world at a time that lith demand and price is set to skyrocket. Yeah I'd say the cash that they're putting into Zulu right now is very very valuable indeed and will come out in multiples on the sale/jv of Zulu.

Regards,
Ed.

[vitec] 23/8/2017 08:13

Bill, there was talk of Circum being sold for $2 billion dollars. What you value an asset for and its net realisable value can vary greatly upwards or downwards.

I believe George knows exactly what he is doing and is privy to information that allows him to go down this path. If not, then I would have to agree "what the hell is he doing"

[dmitribollokov] 23/8/2017 08:11

So after a year of trying, it appears that the only buyer morgan stanley could find was PREM itself...

Seperatetly - if you have cash and you make an acquisition, but fund it with shares in your company rather than said cash, it signals you have more faith in the value of your cash than your own shares. It's 101 stuff guys, let yourself see what is happening rather than what you want to see is happening. Take a step back. There have been many flags...

[edgein] 23/8/2017 08:10

Bill,

PREM raised £4.8m as a result of the RNS on the 31st of July at a price of 0.7p, they're currently very well funded at present as these new purchases of Circum are done with additional paper. Money well spent its like buying US$10 for US$1.50.

Regards,
Ed.

[billthebank] 23/8/2017 08:09

One other thing that confuses me slightly and that is I thought we needed the cash quickly as we had the option to acquire CIRCUM shares @ $1.25 but we are now paying $1.5 and we only value or company @ 0.45 a share!!! I really do hope George knows what he is doing

[cambradjones] 23/8/2017 08:06

I can only assume george has the assay results rns ready today ??? to offset this mornings rns.