Premier African Minerals Share Discussion Threads

[donald tramp] 08/9/2017 08:36

Yes wouldn't be the time to sell out down here, sentiment is at a low at the minute, which is a good time to buy.

When everyone is on the good ship lollipop that's the time to sell.

[mike_f] 08/9/2017 08:28

You've sold out telbap? Before the assays are released and after GR has stated no more Circum shares for the time being... ok. Can only see the price rising from these levels but each to their own.

[telbap] 08/9/2017 08:18

Yet can still sell at .39 today almost on the offer.....what gives I wonder.?Not going to wait, sold out with 50% loss

[dmitribollokov] 08/9/2017 08:03

Whatever floats your boat lanbag. I don't short stuff (hate margin), so i have more time spare than you it seems 🤓

[ianbag] 07/9/2017 23:20

Dmitri - fair enough - you are the saviour of aim investors - and for that I applaud you. I must spend more time on the last 14 stocks I have traded out of in the last 3 months rather than looking for new long and short investments. 😉

[ianbag] 07/9/2017 23:15

Dodge arrives time to buy - look at FRR !!! Twunt

[dodge city] 07/9/2017 20:33

0.2p soon.

[dmitribollokov] 07/9/2017 20:26

Fair play lanbag. I kicked the other 1mm out soon after at 0.55 or 0.56, can't remember. I still comment because i do actually care; if i see something untoward i do feel compelled to stop people being adversely affected by it. There's enough bad things going on in the world. The initial reaction to the financing and the subsequent waffly RNS the following day from most people here was completely wrong.

I also find it pretty interesting as a case study, so it's not all altruism. On the behavioural side there are a lot of investing deadly sins being committed here and on some other stocks in which I'm not invested but comment on. It's beneficial for yourself to note what others are doing wrong, as it helps you you to recognise when you're doing things wrong yourself.

Just because you've sold out, doesn't mean you're not still invested. I've spent a long time thinking about this stock; that's time invested. I can still learn by testing my projections openly against others and watching their behaviour.

I'm pretty open kimono. Good luck.

[ianbag] 07/9/2017 20:06

Fair enough Dmitri - solid viewpoint. However having sold 8m of your 9m a few weeks ago and being so negative now - why hold on to 1m? I mean I get that 1m is chicken feed in cash terms but why hold on to 1m? interested in your reasoning here? Not to mention the number of posts you still make on a stock you have essentially moved away from. If I move out of a stock, I don't feel the need to post dozens of posts a month on it to help the poor souls remaining in it, not lose anymore of their capital. Either you are a saint or you have an interest in the share price being lower - if only to get in again at a price you are happy with. If that is your motive fair enough - its a shark invested sea in the AIM waters and you are either dinner or you eat dinner.

[dmitribollokov] 07/9/2017 19:27

Nope, i'm flat. Why would i do that? Shorting a company with a share price in the fractions of a penny, that is in the hands of total punters is almost as stupid as being long this retail investor milking machine. As i said 6 weeks ago, it's univestable - and that means being short too.

[dmitribollokov] 07/9/2017 18:02

The red tick brigade don't though, keep losing money chaps.

[vitec] 07/9/2017 13:48

Jung, you are right regarding Circum. I have been hearing about the Circum liquidity event since early 2016. However, I have conveniently forgotten about this and missed expectations regarding RHA and promises of no more dilution because of the lure of Zulu.

I have sympathies with those that hold a negative view as there is good reasoning as to why you could feel let down. What I don't like is the misinformation that is bandied about like facts. As I have always stated their is an alternative view and a choice to be made.

PREM is at a tipping point. I see Zulu as the white knight, Circum for the future and RHA as a priority to be sorted. I have concluded that the market will react positively to news regarding RHA because it shows that the management and BOD of PREM have the capacity to resolve the necessary issues and get the asset sweating. We are owed 20 million US dollars. If George wants money to buy more Circum shares then he doesn't have to look far to get it! Come on George get RHA sorted and put a smile on all of our faces and stop me from thinking this has and is just an expensive sideshow to Zulu and Circum.

[corpraiders] 07/9/2017 13:47

Mike_F
7 Sep '17 - 12:27 - 4294 of 4294 0 0



Before - that headline would have sent the PREM share price up into the upper atmosphere but today the share price hasn't moved an inch and small wonder when the board can issue millions more share's like confetti and of course we have YA at the helm.

In a way I wish PREM could sell Zulu as soon as possible, to another company who care more for their investors and shareholders.

[mike_f] 07/9/2017 10:58

21st September PREM presenting:

[...]

ADVFN doesn't like proactive investors links...

[jungmana] 07/9/2017 09:47

Vitec, good post there.As someone said on lse, the only thing shareholders got here over last 2 years has been constant issue of shares and unlimited use of the word; significant.Whilst rha kept failing to meet targets, GR is busy using money from Darwin to buy more toys; Casa 4.5% and TCT.

[vitec] 07/9/2017 09:30

dmitri, I have not checked the finer points of the YA deal. I am sure there must be a early redemption fee but if you want to redeem there has to be a mechanism for you to do so. These deals cannot be one way you have to have a get out clause.

[vitec] 07/9/2017 09:27

I have given more thought as to why George has halted purchasing more shares in Circum.

1. Would have to issue more shares - this is a no no
2. Sellers may want cash - no cash available until Zulu and RHA start putting money in the coffers
3. Needs to get the share price up to 0.7 due to the financing deal - can't do this if you continually keep issuing more shares and depressing the SP

As we stand we can take comfort from the fact that we do not need to worry about any more shares being issued for the foreseeable future.

As far as the number of shares in issue this is partly a red herring. It is what the company is worth (Mcap) that is important. If George and the BOD want to get PREM on the institutional radar then a share consolidation would have to take place as well as the Mcap having to rise substantially from where it is today. Both are possible but as I have said before the time frames will have to be extended.

I think Zulu will provide us with some very good news in the coming weeks/months which will give a welcome fillip to the share price but the priority needs to be to get RHA sorted and producing revenue and profit. PREM will then move from explorer to producer and this will change the physcological view of PREM.

Currently, the market has just seen a company that issues shares, raises finance by using Darwin and YA and does not meet expectations (RHA). The next 3 to 6 months are going to be defining. I am still positive about the prospects of PREM. They have some great assets and a viable strategy to deliver shareholder returns but I am also aware of the risks. The fact that shareholders have been listened to is a start but the cynical side of me thinks that again expediency has come to the fore and having the share price closer to 0.7p is more important then placating a few shareholders.

I do not see the share price rising quickly unless we have a stellar RNS. The 690 million shares still hang over us plus any unwanted shares from those issued to purchase Circum shares. However, as each day goes by we get closer to the PEA being completed and news on possible deals for Zulu. Assay results must be on the horizon. We should also get an update on TCT IF.

As a company grows it buys lost of products and assets and then assesses what it believes will give better returns in the future. I have no doubt that Zulu, Circum and RHA are assets that can deliver great revenue and profits. The trick is extracting it.

[jungmana] 07/9/2017 08:46

Bill, the 2 replies I got over last few weeks of complaints were from Fuad. They are no satisfactory but made clear that George and the BOD know our complaints and have had contacts from many investors.He also tried to give some positive spin on plans going forward with regard to Zulu, rha and circum.I continue to hold as my average is just about 0.5p and still have high hope for Zulu being sold or jv in coming 3/4months.