Premier African Minerals Share Discussion Threads

[geoffmanana] 14/9/2017 10:20

Just added another 1m.

[geoffmanana] 14/9/2017 10:09

The obvious overhang looks to be clearing.

[jungmana] 14/9/2017 10:00

Vitec and quazie I agree with both of you. Good posts there

[vitec] 14/9/2017 09:40

Dingo, where I cannot disagree that the potential at Zulu and for PREM overall is massive, I am cautious that the share price could go to 4.5p (10 times upside from here). That would value PREM at approximately 250 million pounds. Not impossible in the longer term but I feel uncomfortable with the suggestion that this will happen anytime soon.

PREM has prove that that the assets are not just potential. Revenue and profits have to be derived from these assets. I am not assured by George that once the share price has risen that he will not start the purchasing of Circum shares again. This could depress the share price again.

I hear the voices stating we are getting Circum on the cheap. All well and good if you want to continually roll the dice to build a bigger company. Unfortunately, as a shareholder I don't want to be a long suffering shareholder, continually being promised the earth and that the jam tomorrow will be in abundance. What I want to see is the assets sweating and producing revenue and profits, instead of my sweating hoping that the monies I have invested will reward me. This scenario is played out for to many shareholders in too many companies. The time has come for us to see some reward now instead of the much larger mythical reward that is in the future.

I want to see George and the BOD concentrate on the assets we have and do their very best to reward all shareholders. This should be their number one priority and concern. No one can deny that the reputation, trust and faith that many shareholders had has diminished. This needs to be restored and the way to do it is to have a strategy and deliver it. Concentration of effort, time and money is what is required and I am now starting to see this with the suspension of purchasing anymore of Circum. Get RHA right first. Deliver a deal with Zulu first. Sell or part sell TCT IF first. Then look again at Circum.

[vitec] 14/9/2017 09:19

It seems with Tungsten and Lithium, both of which we have in abundance, the perfect storm is forming. Trick now is to get it out of the ground and get rewarded for the prices that can be achieved.

[nicosevos] 14/9/2017 09:06

You've most probably already had sight of this....

[dingo75] 14/9/2017 08:57

a 200 mt eventual lithium resource at Zulu would give them an easy 10 times upside from here. I wouldn't be worried with George's desire to get Circum for stock, as every share issued is worth more after it has been issued due to him buying Circum shares below their true value.
For me that's a side show.

ZULU is the Prize here.

[vitec] 14/9/2017 08:49

It would appear prima facie that the MM's are reliant on sellers coming out of the woodwork rather than knowing they have a block of shares to sell.

I have concluded this by looking at the bid price after a couple of purchases have been made and the MM's are raising the bid. Bodes well but it is early days!

[doctor 69] 14/9/2017 08:47

Still lots of buyers

[vitec] 14/9/2017 08:46

There are still some sellers around. Don't blame them. If you purchased at .4 and can get .4265 and you have purchased a couple of million then a £400 to £500 profit is not to be sneezed at. I also could do this but I think with a bit of patience a much larger profit will be on offer.

[doctor 69] 14/9/2017 08:43

Investor presentation next week

[doctor 69] 14/9/2017 08:34

Yes , just bought 900k

[sleveen] 14/9/2017 08:25

Decent buying this am. offer rising nicely.

[vitec] 14/9/2017 08:20

Slowly building

[cambradjones] 14/9/2017 08:12

No fireworks yet !

[doctor 69] 13/9/2017 22:54

lse bb is getting excite for tomoroow , if truly overhang gone , then lets see the fireworks

[ihavenoclue] 13/9/2017 22:15

This was the allocation of shares

"The Company has satisfied the consideration due through the issue to Sabona of 236,166,840 new ordinary shares ("New Shares") at yesterday's closing bid price of 0.45p per share for an aggregate consideration of GBP1,062,750.78. The New Shares will, when issued rank pari passu in all respects with the existing shares. The Application will be made for the New Shares to be admitted to trading on AIM and admission is expected to take place on or around 29 August 2017."

spaceman07 on lse did the maths ...

"No mate they've all gone 100% certain, they had 236m and 86m, 25m, 13m, 10m, 18m and 84m have been logged!!"

[donald tramp] 13/9/2017 19:45

Hopefully we should gather a bit of traction again now, as George has clearly listened to voices from all round regarding not buying anymore Circum presently.

[mike_f] 13/9/2017 17:20

Could be the overhang gone!! Fingers crossed. Trades seemed to react more rationally today.

[doctor 69] 13/9/2017 17:16

big trade at end 84,000,000

[vitec] 13/9/2017 13:52

Well how do you think it should go? George signs a terrible deal regarding Zulu? Put your side of the debate and let us scrutinise it. It is easy to write a one line sentence and challenge others without actually putting forward a point of view. As I said about George "put up or shut up"

I will await your response. Unfortunately, I am out for the rest of the day until tonight so will be unable to read your pearls of wisdom until then.

[dodge city] 13/9/2017 13:27

Why should it only go one way?

[vitec] 13/9/2017 13:17

I will also add that in George's last interview he stated that only 10 minutes before he was interviewed he had received a telephone call with an expression of interest. With a rising Lithium price and far more Lithium at Zulu than was first anticipated this should only go one way!

[vitec] 13/9/2017 13:13

cody, hitman is completely wrong. His posts are always negative and are drivel. He adds nothing to debate and usually either tells you that the share is going to be suspended or that the company is going bust. If you look at where he posts you will undoubtedly find the same.

It seems that all long term holders understand that the assets are impressive but are sick and tired of the issuance of shares and YA/Darwin financing. When the CEO is also the largest shareholder they sometimes lose sight of the other shareholders interests blindly believing that what is in their interests is also in the interests of other shareholders. I have kept faith with George as I genuinely believe that he wants what is best but sometimes in achieving this you cause financial pain. If he is true to his word then we will see no more dilution of any kind until we have seen some gain due to Zulu/RHA.

I am excited about Zulu and I think this will be massive. I am less enthusiastic about RHA. I understand the asset and the potential but believe that before we see it performing optimally there will be other issues that creep out of the woodwork. I hope I am wrong and the $30,000 Dollars that was spent is the last monies that are needed to get this asset performing optimally.

Zulu is the key and we will not have to wait too long to see the gain from this. Of course it is the deal that is struck that is key but if as we are led to believe there is a queue outside the data room chumping at the bit to get a piece of the action then we hold all of the cards.