Premier African Minerals Share Discussion Threads

[doctor 69] 12/9/2017 14:04

Interesting , today feels different , buying exceeding overhang

[ny boy] 12/9/2017 14:03

Tick tock, news flow soon, buyers coming in for Max gains

[andrewsr] 12/9/2017 13:52

A good time to release some stunning lithium assays.

[mike_f] 12/9/2017 13:45

Another surge in the lithium price. Perhaps on the back of the Chinese news that they will be bringing in similar schemes to increase EV's:

[berber1] 12/9/2017 12:00

Doctor 69,Edgin, I hope you are right.

[sleveen] 12/9/2017 11:58

WLFE up 40% this morning, even though the CLNs due to convert soon will double the number of shares in issues at current 5p.

PIs missing the WO3 opportunity with PREM

[sleveen] 12/9/2017 11:51

Edgin/Doctor

I bought 400k shares @ 0.3994p. 10.40:25am

sells are 0.3966p

[edgein] 12/9/2017 11:47

yes it means these are very liquid and easily traded especially when there's such a premium on the bid.

Regards,
Ed.

[doctor 69] 12/9/2017 11:19

Berber , wrong . Low spread means there is buying to mop up the overhang , there is quite a good volume today .

[doctor 69] 12/9/2017 10:58

Amazing low spread

[edgein] 12/9/2017 10:41

Doctor,

0.3994 look like sells with buys at 0.3996.

Regards,
Ed.

[doctor 69] 12/9/2017 10:37

Is the .3994 a buy or sell

[billthebank] 12/9/2017 09:51

sleveen and we get all of this till the $20M debt owed to us is fully repaid!! How can this be valued at £20M Yup it is all down to not yet proven. Prob a bit like JLP???

[doctor 69] 12/9/2017 09:51

Really Rha is the big short term asset here, if by December / January we can get this going , irrespective of zulu or circum this will push the shares up massively . The generation of revenue is the big factor here to de risk everything . But punters have the choice get in now very cheap , some risk , or wait till xmas , less risk but you will be buying in higher .

[sleveen] 12/9/2017 09:37

dingo75

$800k is likely to be revenue, actual cash generated from operations (ie revenue less cash costs) will probably be between $300-400k/month at full tilt.

[edgein] 12/9/2017 09:23

Bill,

Looks like RHA sits in around second place only to ORM, grades at RHA are much better than WLFE (grades average 0.15%) and WRES (grades of the producing asset average around 0.09%). Yes full mine capacity is due to be hit at RHA during next Q so hopefully tungsten will continue its $3000/tn gains from July and August as the supply crunch started to hit. The 54M Kg or 5.4M MTU at RHA would be a company making asset to most miners but its dwarfed by the likes of the Circum or Zulu assets.

Regards,
Ed.

[dingo75] 12/9/2017 09:06

At least there's high chance they'll be making that $800k a month now off RHA.
Maybe More.

[sleveen] 12/9/2017 08:53

Even WLFE with its operational and financial issues is enjoying the WO3 party.

Granted RHA WO3 concentrate production is small in comparison to WLFE, ORM and WRES, but FULL production is about 3 months away (or so we're told) and will be generating cash.

[doctor 69] 12/9/2017 08:50

So we have tungsten and lithium at very high prices , George just better get the stuff out of the ground and capitalise on this golden opportunity

[donald tramp] 12/9/2017 08:33

Tungsten bull run reason.

[vitec] 11/9/2017 15:05

Dodge, are you invested?

[dodge city] 11/9/2017 14:55

Full ask being paid at 0.4p, whoopy do.

Next week full ask might be 0.35p.

[berber1] 11/9/2017 14:52

I think GR is becoming a liability. Biting more than he can chew. Who needs Circum when we have Zulu and hopefully RHA. Besides things move very slowly in Ethiopia and will require huge investment to bring circum into production. I wonder if there is any lithium in the area ( similar to chile, Argentina and Bolivia).