Premier African Minerals Share Discussion Threads

[ny boy] 16/10/2017 10:23

Not bothered about those sells, buyers are mopping up, good news flow these next few months.

You guys should check out (VELA), I have been accumulating lately.

[doctor 69] 16/10/2017 10:21

Well the 5 million sells keep slipping in

[edgein] 16/10/2017 10:13

Ian,

Thanks for that.

Regards,
Ed.

[doctor 69] 16/10/2017 10:06

Feels like news coming

[jungmana] 16/10/2017 10:05

Prem and mnc in competition this morning and one happy shareholder here.Onwards and upwards

[edgein] 16/10/2017 09:53

O/T

Ian,

Strange that Quotestream is showing as 4.5bn, was there a consolidation or something?

Regards,
Ed.

[doctor 69] 16/10/2017 09:51

Agree small buys moving this up , overhang gone almost

[doctor 69] 16/10/2017 09:51

Bought another 500 k

[ianbag] 16/10/2017 09:29

Edgein
On their website there are 127m shares in issue

[edgein] 16/10/2017 09:26

ask is creeping up on even small trades now, someone just paid the high of the day at 0.385. Might see the full ask hit soon.

Regards,
Ed.

[ny boy] 16/10/2017 09:22

Huge under-valued imho, happy to continue to hold for substantive returns. GLA

[donald tramp] 16/10/2017 09:22

I know just lazy vitec, should have done it years ago, I used to use Barx but had a fall out with them and moved it all to lloyds as have accounts with them as a temporary measure. It shouldn't have remained there so only got myself to blame really.

[vitec] 16/10/2017 09:13

Donald, get yourself a different broker!

[nicosevos] 16/10/2017 09:13

Yep, looking good....Cantor have moved to the bid, another good sign!!!!

[jungmana] 16/10/2017 09:08

Looking good today :-)

[donald tramp] 16/10/2017 09:01

From Gardeneye


THEN & NOW

Like many others on here I've been following the PREM story for years.
There were 4 reasons I originally invested and these still apply.
1) Circum Minerals. Even 2% was a game changer for PREM back then for the size and quality of the resource. Now 5%, it more than doubles that. It is easy to underestimate just how big, how cheap to produce and how well located Circum is for the Asian and African markets. Potash prices are once again turning around - my suspicion is that this is the time for it to be sold, when on the rise and not on it's knees. It can sell or be listed at any time. News will come out of the blue. My estimate based on the similar projects adjacent is that this will yield PREM $50m.
2) RHA. I liked RHA because it had a good historical record of production. I like Tungsten as a commodity. The whole project has been a nightmare starting with the plummeting price of APT from 450 to 150 that effectively bankrupted the entire industry. It is almost entirely due to this that the share price and the confidence in PREM and the shares in issue went out of control, diluted to death. In many ways, to have built the mine and plant in the worst possible economic climate is nothing short of miraculous and I applaud the Company for persevering. There was a very real chance PREM would have gone under had they not. APT (Tungsten) is notoriously difficult to manage. Being the second hardest mineral on the Planet it is extremely abrasive. To build this for circa $25m is also impressive. The equivalent plant and mine at Wolf Minerals cost 10x this. The breakeven point about half theirs also. When it produces 4% of the Worlds APT, this will be a fairly amazing 'against all odds' type achievement. Depending on APT ($320mtu currently and I expect it to go to $500) -Yield circa $1.25m/ month Q1 2018, plus $25m to be paid back to PREM through profits.
3) Zulu. I hunted for the cheapest possible Lithium mine I could find 3 years ago having bought into the Lithium revolution at the birth of the Tesla story which I devoured, seeing it as a fully feasible alternative to the combustion Engine. I liked their previous exploration results. That initial hunch on lithium seems to be good un. It is hardly possible to find a serious carmaker NOT committed to EV's in the next decade. The LiO energy storage industry is on the cusp of a revolution. There is simply not enough of the correct Lithium grade needed for this. The squeeze on Lithium in about 1 year is irresistible. Drill, drill and hold for this reason is precisely the right thing to do. It's an extraordinary resource and asset for PREM at this time.
4) Unlike a great deal of AIM outfits I also invested in the fact that the CEO had such a massive holding. Skin in the game is important to me. I met the team and liked their experience.
PREM really is (after a hell of a long time) FINALLY worth having a serious look at. I wish I had found debt free PREM now rather than 3 years ago.

N.B.

M/Cap is less now than 3 years ago, look how much further forward we are now, compared to then..

[edgein] 16/10/2017 08:58

O/T,

MNC says on my L2 that it has 4.5bn shares in issue and a share price of 4.5p so the cap is somewhat higher than £5m from those stats. :) Unless my lvl 2 is wrong on that one, which I very much doubt.

Regards,
Ed.

[edgein] 16/10/2017 08:54

These are not rumours for goodness sake! PREM already posted photos of their cores for Zulu SE on one of the previous announcements. Yes the sections that showed a mixture of high grade and practically pure spodumene as shown in the photos. I posted info at the time that textbook practically pure spodumene comes in at around 8.3% lithium. Not that I'm expecting the assays to come in as high as that, but I'm expecting them to be good, potentially very good, potentially world class. The extent of the PEA will be determined by how much of Zulu or Zulu SE has been included but, it like the assays, are likely to be excellent too as our cap currently doesn't reflect any of our assets.

Regards,
Ed.

[doctor 69] 16/10/2017 08:44

Lots of buying

[donald tramp] 16/10/2017 08:07

Don't think they will be today but I'm sure we will get some assay results this week. There was an email reply off george to an investor that covered that they were ready from yesterday.

[markth126] 16/10/2017 07:38

That's what I thought sleeven

[sleveen] 16/10/2017 07:33

or is just some BS on social media?

[doctor 69] 16/10/2017 07:04

if results came in yesterday , it is likely that the rns was written last night and to be approved this morning, so wonder if rns late morning