Premier African Minerals Share Discussion Threads

[tedoby2] 24/8/2017 08:59

dmitri of course we should be bullish on the share price.

What the share price does from now until the two corporate events which are in the short term pipeline is really irrelevant if you're an investor.

They may not happen at exactly the same time but they may be quite close and when they do the share price will automatically re-rate positively.

AIMHO

GLA

[vitec] 24/8/2017 08:32

Because I am not interested in the daily gyrations of the share price I have always stated that the Mcap is what is important and I believe that for a company with the assets that PREM has the Mcap is too low.

The market probably can absorb all of these new shares. What it can't legislate for is the irrational and emotional behaviour of those that hold them.

I am totally consistent with my stance and that is positive. I have clearly indicated that I am unhappy about the YA deal and the continual issuance of shares but these events are outside of my control. Like you and everyone else, I have a choice and I choose to stay.

Your agenda is unclear. You state that you hold no shares and seem to want to be the good Samaritan. As I and others have said before. Thank you for your concern but is unwarranted and unneeded. I am sure you have better things to do then try and save the likes of me from my misdemeanors in continually investing in PREM.

[dmitribollokov] 24/8/2017 08:16

"If there was a series of events that were as plain as the nose on your face, then the purchasing of Circum shares for PREM shares were it. That is why the share price cannot make headway."

Which is one of the problems! You can see that, yet you somehow remain bullish on the share price!

[tedoby2] 23/8/2017 18:56

jayrh and then we have a value in the order of $250m in Circum shares.

Not bad eh when you consider they will only have cost us around $16m!

No wonder George is in a rush to get them.

GLA

[jayrh] 23/8/2017 18:36

Only 6.8% more to go in circum. Dilution of 1.5 billion more shares...

[vitec] 23/8/2017 18:11

So am I. That's why I remember!!

[andrewsr] 23/8/2017 18:07

3rd time lucky? At least he's doing his utmost to diversify Premier's assets, unlike some of the disasters being mentioned here and he's heavily invested personally as Vitec reminds us.

[donald tramp] 23/8/2017 17:34

rns tomorrow anyone?

[jungmana] 23/8/2017 16:09

I hope Prem's Zulu does not turn into another financial disaster for punters like MNC did with Los calatos. Fingers and toes all crossed that we all end up making good returns on our investments here.

[jungmana] 23/8/2017 16:02

HD - good and honest post there. I hold a similar view but I still hold all my shares. I promise myself not to buy more until something is done with the YA deal which has destroyed sentiment here.

[dmitribollokov] 23/8/2017 15:44

Yes andrewsr the market is always wrong...

[dr jekyll] 23/8/2017 15:40

Nice post hd.

[hiddendepths] 23/8/2017 15:32

Interesting discussion! Please note I do like the assets, which is why I'm paying attention. I do not think that George has lost his mind. I think that he could have got a much better finance deal than the one with Ya. There was a good story to tell, a share price that was soaring and I think any broker worth his salt could have raised a substantial amount traipsing round the City telling the unfolding Zulu and Circum stories. I would suggest that a hefty placing at 1p was quite plausible.

But the chosen route has done damage to sentiment and the share price as well as raising less cash than a more straightforward placing would have done and I suspect it will take time for the company to regain its reputation. These visits to the likes of Ya are a big red flag for many institutional investors. And guaranteed selling ahead is unhelpful for a few months.

I didn't want to sell after the financing was announced but did so straight away. I want to get back in but will wait until I'm comfortable that the wretched financing has run its course. If that means I have to pay up in a few months time, sobeit.

I hope you holders don't think I'm being unfairly negative here. I'm sure that I affect the share price about as much as Dmitri (ie not at all). I wish you well and if your sitting tight pays off you deserve your success.

[andrewsr] 23/8/2017 15:25

With the usual ignorance.

[dmitribollokov] 23/8/2017 15:23

Anyway - how's the mkt viewing it?

[andrewsr] 23/8/2017 15:10

Timw3, GKP had debts of $575m, hardly comparable!

[timw3] 23/8/2017 15:05

You got it.!! GL Vitec and no need to appologise.

we all have our own views.

[vitec] 23/8/2017 14:22

Come to think of it you were positive in the past and ramping PREM. I owe you an apology your behaviour is completely consistent with the past. Ramp whilst you think the CEO has not lost his marbles and then deramp when you think he has.

[timw3] 23/8/2017 14:06

did you not fully understand my last message?

[vitec] 23/8/2017 14:04

Well you seem to think George has lost his! How comes you are not ramping PREM?

[timw3] 23/8/2017 14:00

Yes i had good reason to ramp prior to the CEO losing his mind!!

[vitec] 23/8/2017 13:55

Not if a deal for Zulu is struck and PREM receives monies.

[dragonboy] 23/8/2017 13:44

where will the company get money to repay back some of the proceed?

More placing?

It's a vicious circle.

[vitec] 23/8/2017 13:41

timw3 were these shares that you ramped before their demise?

[vitec] 23/8/2017 13:39

I have written about share consolidation.

Yes the company may have to return some of the proceeds but I think they are banking on what they know and how they believe it is going to pan out. I always saw the YA deal as expediency and not necessity. There is a major difference. It seems that George needs to pull several proverbial rabbits out of the hat but he may feel this is very doable in the sense of what HE and the BOD know today.

If George is destroying shareholders wealth then he is destroying his own wealth in the process as he is the biggest shareholder by far. The dilution that is occurring is so that he can purchase shares in Circum as he sees it at a knock down price.

I remember when PREM languished at .3p per share and I was actively buying. The issue at that time was there were very few buyers. As soon as momentum picked up then others started to buy and the share price rose. What's my point. Well that was the time PREM was unloved. Today it seems it is unloved and it is easy to see the negatives and forget about the positives. Read the RNS's regarding Circum and Zulu it is all there. The only real issue today is George is not doing what the majority want and within the time frame they want it. Companies don't dance to the beat of individual shareholders throwing their toys out of their prams because the share price does not rise daily. They get on with the business of trying to build a sustainable, profitable company that rewards all of its employees and shareholders unlike.

Anyone doubting what is going on here should bail. You have been given the freedom of choice and if you don't believe then what is the point in staying invested. For what it is worth. I have reappraised my expectations and now have reset to see what happens over the next 3 to 6 months which should be ample time to see some major developments.