Premier African Minerals Share Discussion Threads

[edgein] 08/9/2017 15:57

Vitec,

Absolutely and on a good day PREM easily does 1bn+ volume which clearly makes little of any potential dilution. If GR had went ahead and done a deal at 20Mt of ore and then used the money to drill Zulu we'd have been much much worse off than the YA deal. Now any future deal on Zulu will be done when its multiples of that 20Mt maiden resource, potentially 160Mt+ (new discovery could be bigger than the main zone). We've 16 more holes drilled awaiting assay, some with practically pure spodumene and showing continuity with the main zone on the previously un-drilled strike. those companies wanting in on Zulu will all have to compete to get the best deal and the jv/acquisition of the worlds largest undeveloped lith discovery, thanks mainly to GR's management and the funds from YA! Only a matter of time before the herd are back again and send us to 1p+. However one of these days we'll get a completion of these Zulu talks after the drilling has done its work in the next few months and 1p will be history.

Regards,
Ed.

[dodge city] 08/9/2017 11:52

Have this lot signed up to death spiral finance by any chance.

[turbotrader2] 08/9/2017 11:49

What lithium?
It's clear we wont get the benefit
This pensioner CEO needs to go

[doctor 69] 08/9/2017 10:48

i see lithium low recently feb 2015 62 , now up more than 100 % at 127.

Once George gets RHA running profitable ? January in my opinion , then risk goes down and more focus on Zulu and at these prices of lithium , next year will be awesome.

[mike_f] 08/9/2017 09:32

Lithium has hit another high today, the price increase is doing wonders for any negotiations :)



A price increase of 20% since July!

[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.