Premier African Minerals Share Discussion Threads

[donald tramp] 06/9/2017 18:19

What I believe is that they had sidelined RHA, but with the rising Tungsten price there minds have now hopefully become more focussed and we will see some movement in a positive direction over the next few months, substantial and significant would be nice....... where have I heard that before?

[donald tramp] 06/9/2017 13:14

Good posts.

Why don't we launch a hostile bid for the company en-mass.

[mike_f] 06/9/2017 11:08

Knowing Circum accumulation has been put on hold for the time being, that's got me all excited again! Next few months should be great and looking forward to one hell of a Christmas present in the way of a Zulu JV/Sale. :)

[wallyjumblat] 06/9/2017 11:00

If RHA can generate cash then keep the limestone as a free carry, Zulu is the Company maker so all efforts should be placed in proving that first, and I think that's the train of thought now with Circum being a future event that could add the icing. So in a few months all will be revealed and the cards will have to be played, so good time to get in here. AIMVHO

[jungmana] 06/9/2017 10:34

Vitec, if you look back last October when GR acquired TCT. The promise was that it would be generating cash and contributing to the company's finances by mid 2017. That has not materialised and will not do so for the foreseeable future.Circum is a far better project and instead of diluting why not dispose off TCT?Just too many projects for GR to run. Is best to concentrate on core assets and make sure targets are met .

[vitec] 06/9/2017 10:26

I think we should put ourselves forward as potential directors as we seem to have a good grasp of what needs to be done!

Jung, you articulate the position perfectly. I concur with everything you have written except for TCT IF. If we can keep the limestone deposit with a free carry then so be it. The only issue I have is how much management time it takes to look after this asset against the potential returns.

[billthebank] 06/9/2017 10:03

I totally totally agree with that last comment Debt too expensive and complicated and we have fingers in too many pies and lastly we need to be very very mindful about cash flow otherwise these world class assets will end up being sold for a song

[edgein] 06/9/2017 09:19

Its a pity though that GR didn't expand about the phone call he had regarding a deal on Zulu that he received 10 mins before the interview. I'd like to have been a fly on the wall in that phone call especially now that they've been infilling the gap between the north and south main zone and getting continuity and the expected grade. With the target for that 65% gap remaining a total of 60-80Mt there's gonna be some interesting numbers coming from the resource upgrade and new discovery. Rest of the year is gonna be busy with assays, more drilling results and RHA underground mine development.

Regards,
Ed.

[edgein] 06/9/2017 09:14

Sleveen,

Definitely, its a company maker to most other companies, in PREM's case its just another asset that's being ignored by the market. There's a supply crunch hitting tungsten and we should be hitting max capability by year end from RHA. As GR stated he's expecting the rise in APT to continue.

A little disappointing that he's slowing down a bit on Circum, our other world class asset. I guess he'll use some of the Zulu jv/sale to get some more of that one, perhaps even throw some of the RHA profits at it given the progress of the APT price. I wonder where tungsten will be by Q1 18. Could be $35K or even $40k per tn.

Regards,
Ed.

[sleveen] 06/9/2017 08:56

IMHO not enough is being made of RHA.

Look at ORM and WRES share price rise, and full production is at least a year away if not more in the case of WRES.

[ihavenoclue] 06/9/2017 08:42

You were saying? :(

[doctor 69] 06/9/2017 08:30

At last blue first time in ages

[doctor 69] 06/9/2017 08:23

Strong looking level 2 better soon

[vitec] 06/9/2017 08:00

dmitri's back with his useful one liners!! Welcome back.

Donald, I agree with your assessment of the interview. George, feels uncomfortable talking about RHA as he must be very frustrated that the goal posts continually keep moving. I don't expect to see anything from RHA to the end of the year.

Zulu is a completely different beast. George can hardly contain his excitement. This is going to be the company making, defining asset. I am even more convinced, now that the decision has been made regarding Circum, that the strategy is to unlock value from Zulu, purchase more Circum, unlock value from Circum and then invest more monies into Zulu.

[donald tramp] 05/9/2017 22:57

He's full of Lithium and Tunsten if you listen to him, oh and limestone and gold.

[donald tramp] 05/9/2017 20:59

ihnc

No chance RHA in 4/6 weeks in his own words he says by end of quarter 4, he used to say by quarter 4, listen to it again, and look at his body language it speaks volumes.

He talks all the assets up, go back two years and listen to any other pro active interview, TCT a classic when he had just acquired it, significant this and significant that.

DT

[ihavenoclue] 05/9/2017 20:34

Donald ... sounds to me that RHA will be up to full levels in '4 - 6 weeks' so unsure about the 'spilling into nex year' comment.

As for him talking up the assets it seems to come from frustration to me that he doesn't yet have the data to back up his claims but he feel he will have in a few months.

All IMHO
Regards
IHNC

[ihavenoclue] 05/9/2017 20:31

October to Year End looks like a lot of pieces are going to be falling into place .. that allows investors 3 - 4 weeks to get on board.

All IMHO
Regards
IHNC

[donald tramp] 05/9/2017 20:29

Just watched the video, my take.

Circum
Great news that no more shares to be bought in the foreseeable future. For me there's no gain from this asset till into the NY at least, when maybe it will be IPO'd or the like so that's what we are not seeing anything reflected in share price

Zulu
Clearly from his tone he is really excited about this and that is progressing as it should, we will be adequately and some more rewarded from this in an uplift in the share price over the next three months.

RHA
End of the year before this is sorted out and producing at levels to make a profit, but could spill over to next year, no addition in share price from this till then.

Overall not a bad interview, but getting a bit fed up of his usage of significant this and significant that, and substantial this and substantial that all the time, it doesn't sit well with me.