Premier African Minerals Share Discussion Threads

[mike_f] 13/10/2017 12:40

Did it again Bill hahaha :D

[billthebank] 13/10/2017 12:37

Dam predictive text I did mean poster on lse of course FFS!!!!!!

[mike_f] 13/10/2017 11:57

This was the exact post:Danny, Brendan sent me your email and I thank you. We are told by our labs to expect assays from the 15th October onward. Other are still awaiting export permits from Zim. Kind regards George Roach The Croft, 87 Main Road, Blue Hills, 1685 South Africa Tel: [phone] Fax: [phone]

[blewco] 13/10/2017 11:44

"Just for those that missed it: GR emailed Haddad saying Zulu
assays coming through from 15th. That's Sunday.

It's very close now."

Posted on lse prem thread.

[billthebank] 13/10/2017 11:40

??????????? Are you lost This is A Premier African Minerals thread Sorry but the oil isn't here!!!!!!!!!!!

[blewco] 13/10/2017 11:40

Billthebank. The poster on law, do you mean the lse website?

[mike_f] 13/10/2017 11:32

Think we are seeing the last of the overhang, few chunky trades going through and share price remaining up (so far). Hopefully a double digit rise on the cards to take us into the weekend. GLA

[billthebank] 13/10/2017 11:29

Poster on lse has displayed an e mail from George stating assays on track and are due after the 15th October

[doctor 69] 13/10/2017 11:25

Donald I bet you can't sell 10 m now ?

[jungmana] 13/10/2017 11:14

MNC and prem both on the move. Nice :-)

[edgein] 13/10/2017 11:06

Doctor,

My best guess from lvl 2 without ringing my broker would be 0.348 to sell and 0.361 to buy.

Regards,
Ed.

[doctor 69] 13/10/2017 11:05

Donald what is it usually l is it often 10 m

[donald tramp] 13/10/2017 11:04

Can sell 10m at minute no more just tried.

[doctor 69] 13/10/2017 11:00

I.e. Are 36.14 sells

[doctor 69] 13/10/2017 11:00

Anyone know the buy sell limits at moment

[billthebank] 13/10/2017 10:34

Sorry guys just ignore me.No sooner do I state the above and it changes for the better mind!!!!

[billthebank] 13/10/2017 10:29

Also checked the spread.Same as when I looked yesterday 0.3425/3.5 So inevitable rick up today.No much evidence of any sales now so reckon Traci g back to normal which seems to be vindicated by major reduction in volumes

[billthebank] 13/10/2017 09:47

Interesting guys.My plan is to make a great big fat juicy profitvhere then replace my JLP Ivestment Bags of potential there.Only wish Colin Bird was better at keeping us informed 're prospective bidders on Th are as George us 're ZULU!! ALSO been watching Manc and moi plus kefi with interest.Watch the price of copper guys It's going through the roof!!! Nearly$7000/tonne.Like Vitec I am really confident here and see little downside Reservations?

RHA not quite delivering on the money
PEA results not quite as strong as we had hoped
George's health
George being allowed to buy more CIRCUM when we are over 1p
Apart from that all good!!!

[edgein] 13/10/2017 09:35

Jung,

I've stuck them on my watchlist, sounds as if they've almost as good upside as KEFI.

Andrew, ah but its not all about Tjate at JLP, sure a deal is nowhere near as imminent as its here for PREM's zulu. JLP its about the cash flow from the tailings that makes them look cheap especially as grades improve and volume processed in particular improves. If however they then also get a jv on Tjate it's the additional explosive upside. I reckon they'll eventually get to my target selling price on Hernic regardless of Tjate.

Regards,
Ed.

[andrewsr] 13/10/2017 09:26

Waiting for Tjate or Godot? Will a JLP JV ever happen? I was waiting about 10 years ago for Tjate before giving up - anyway good luck with that! Hopefully waiting for assays here won't be much longer.

[jungmana] 13/10/2017 09:12

MNC is another tiddler that is sitting on a 2.8m oz gold resource in Colombia. Production starts in q2 2019 of 50,000 oz annually. DfS is overdue and hopefully out next week. Dyor always

[edgein] 13/10/2017 09:01

Agreed fellas every porty needs at least a few JLP tucked away, not just for Hernic reaching peak capacity but also for the jv on Tjate. Much the same as PREM in that respect, actually similar in many respects when you take into account the production coming here from late Q4 given the tungsten price increase this year.

Vitec,

I'm not sure how did you take a hit on UKOG? They're up from 0.8p, did you buy all the way up or something? Agreed on what you say above though I'm a bit more optimistic on RHA. AISC should be really low for this one in Zimbabwe, just all about plant performance and according to some of GR's interviews they've learned a lot over the past two years. Also GR said back during the summer that a few more months drilling should be enough to get a much better deal on Zulu so I guess we're closing in on the latter stages of the drilling programme now before we do the JV/sale. PEA and assays are both likely to give us significantly more trading volume for sure, but imo we're now on a countdown to the Zulu deal.

Regards,
Ed.

[vitec] 12/10/2017 17:27

Because I understand the story and the assets. Their is of course risk with this strategy and I could have got it wrong but PREM has on several occasions hit 1p and beyond and when it had in the past it could have been argued that it wasn't warranted now I believe it is. The assets are fantastic now they have to sweat instead of us poor LTH's! I will continually add as and when I am able to.

I have taken a hit on my UKOG holding but that is 20% of what the original holding was and the majority of the monies have found their way into PREM. Why did I build such a large position? It was based on Zulu and the fact that I believed by the end of July a deal would have been struck. The fact that there has been a delay due to the PEA and that the resource is significantly and substantially larger than anyone including George thought shows what a monster it is. I am comfortable for the true value to be outed in time.

I do have some concerns. RHA for one and the number of shares in issue make it harder to get to where I want the share price to go but as the story unfolds and other investors understand the assets and the potential there should be a lot more buyers than sellers. I think once we pick up momentum it will keep on going. The magical 1p will be a milestone for a large number of PI's. If the share price can get beyond this point comfortably then who knows where it will go. What I can say is that the market is valuing PREM as if a whole torrent of bad news is going to hit us. This is reflected in the MCap which frankly is stupid. The market is meant to be efficient but it does sometimes get it wrong and I am banking on this, hence why I am continually buying at this depressed level. GLA