Premier African Minerals Share Discussion Threads

[forwood] 17/10/2017 09:18

edgein - simply going by the daily chart. Intraday spikes don't really count (unless you're lucky enough to catch one :-)

[edgein] 17/10/2017 09:10

Vitec,

Yes true chap no YA or placings to buy circum shares this time around, just clear headroom from a small starting position.

Regards,
Ed.

[vitec] 17/10/2017 09:02

Forwood, the 1p target is a personal target. No more than that. In previous posts I have alluded that I believe that PREM could reach much higher levels. However, I thought that last time and look what happened. Remember, the purchasing of Circum shares has been placed on hold. Once the share price starts going north, George will be purchasing more shares. He has another 7% to go!! I also want to see how RHA is panning out. I still have my concerns.

[forwood] 17/10/2017 08:52

Setting an arbitrary 1p target in advance, one may be encouraging a level at which many will sell, thereby limiting the advance.

The chart shows 3 main spike points since Sept 2015, all of which could act as resistance. The main resistance zone appears to me to be between .79 and.85, as it has only broken that once in the past 2 years when it hit 1p. 1p was the old resistance point, established before the spike to 3p. But if it gets passed that now, there is little to stop it reaching 1.5.

Ultimately it is more about value than resistance, and I'm advocating taking a view on that when we have the news that propels the advance. If the consensus is the company is worth £200m, it will reach 3p soon enough.

I think we are approaching breakthrough, where like with UKOG recently, momentum takes us to a completely new level. If people sell out too early, they'll be kicking themselves with 'if only' hindsight.

[jungmana] 17/10/2017 08:45

Gonna be a good day. Touch wood, 0.4p - 0.45p end of day.Gla

[donald tramp] 17/10/2017 08:35

I also only tend to invest in one stock or maybe two at a time on AIM for all the same reasons as above.

[quazie12] 17/10/2017 08:13

Cheers Vitec agree with what you say

[mike_f] 17/10/2017 07:14

Agree with you there Jung, if all the ducks line up and the stars align at the same time then we are looking at a ten bagger from recent lows. PREM even alluded to this themselves on twitter!! Fingers crossed. GLA

[jungmana] 17/10/2017 05:14

1p is just £63m market cap. Let's base our assessment of value on what's known right now. Zulu on 20.1Mt , let's say 1p minimum value. RHA and circum together let's say 0.5p minimum value.That's 1.5p (£100m about market cap) right now. And that's being conservative. So when Zulu gets to 100Mt+ this could be worth 3p+ easily imo.I think if all goes according to plan 3p is achievable here within the next 3 to 6 months.

[wallyjumblat] 17/10/2017 03:52

Just get yourself on a free carry and don't be greedy IMHO

[vitec] 17/10/2017 00:03

I am merely pointing out that for many a penny could be a milestone. We have got there several times before only to have a retrenchment.

I believe PREM is worth more than a penny a share but do not want to start to publish figures that I would even construe as ramping.

I will take some money off the table when a penny a share is reached. I have a substantial holding and will be happy to turn some of this holding back into cash and then reappraise where we are. I have not made a secret of this. I cannot state categorically I will sell this amount and hold onto that amount until I understand the information and I am able to make an informed decision. At the end of the day I am in this to make money. I lost sight of this the last time around and due to my unswerving belief that at a penny a share was not enough reward, I balked and did not sell any of the holding, only to see a substantial profit disappear. I have promised myself I will not do that again. This has absolutely nothing to do with anything except me. If the share price hits a penny a share that is a three fold increase on where we are today and my holding would be in the several 100's of thousands of pounds, so I do not think anyone would blame me or castigate me for wanting to sell part of the holding.

[doctor 69] 16/10/2017 23:52

Vitec , I agree with you . I narrowly invest , if you can take £10,000 and find a ten bagged , then take your £100k and find another one then you have a million. .If half of what we think occurs then this will go to at least 1.5 p

[quazie12] 16/10/2017 23:50

VitecI'm interested to understand the significance you place on a penny and the £60m market cap. If PREM share price gets there again soonish (presumably off the back of a good Zulu PEA), why a decision for you at 1p ? Is that a personal profit level decision or one based on your belief of what the company is worth ?

[blewco] 16/10/2017 23:24

Sorry trying to post a link by a poster on the lse site at 20:41, regarding a new port near the Circum site. Posters name is knicol46.
Have a look.
Can't get this link to work so well with my windows tablet.


hxxp://www.oromoforum.net/djibouti-inaugurates-new-port-for-potash-exports/

[vitec] 16/10/2017 23:07

I know Donald. What a naughty boy I am!

Cambra, I only invest in a few companies. Risky strategy if it goes wrong but you make a lot of money if it goes right. I try and measure the risk/reward. To do that I concentrate my resources. Very similar to what I have been advocating George to do with the assets we have. Concentrate on Zulu, Circum and RHA and do not bother with the rest.

In my earlier years I was very fortunate to meet some truly outstanding individuals. Some of which had made vast sums of money. One of the pieces of advice I was given is you can only have one master. In other words "don't spread yourself so thinly that you cannot concentrate all of your effort into the one thing that you believe will get you to where you want to be". I have never made a secret that I believe that PREM is such a vehicle. I also hold UKOG but I only now have approximately 25% of what I originally held, whereas my PREM holding has increased 5 fold.

I have also never made a secret that I made a mistake when the share price hit a penny and that I should have sold part of my holding. That is why holding one's nerve is important if you want to make life changing sums of money. Balancing what you believe a company to be worth and what others believe it to be worth is both a science and a art. First things first, I would like us to get to a penny so that I have to make a decision. I believe that Zulu will be the catalyst and Circum and RHA will fall in behind. At a penny the MCap is approximately 60 million. It is not unreasonable therefore to be believe that this is achievable and that a higher MCap could also be in the offing.

[donald tramp] 16/10/2017 20:38

Stop ramping vitec, it's not allowed :)

[cambradjones] 16/10/2017 20:38

Dont know where you guys keep finding more funds to buy !!!Fully invested here atm and down quite a bit.O/T ukog look certain for a few days of decent gains after todays rns.Would def worth a quick trade but not risking selling out here to try it.Wheres my ppi payout ; )

[vitec] 16/10/2017 19:53

Forwood, if you are right and I hold my nerve, I will be a very wealthy man. Added again today. At some time in the near future this is going to pop!

[forwood] 16/10/2017 15:46

Once again completely outrageous spread on here selling for .38445 buying for .3615, that's a spread of almost 10%

It's not as if this isn't a liquid stock. Complete shysters!

[forwood] 16/10/2017 13:55

Why people are selling when this could double within a few days, is beyond me! And that will be just the start. I hesitate to say this will multi-bag but regaining 3p+ doesn't seem unreasonable once the projects start clicking into place.

[jungmana] 16/10/2017 13:29

This will be a good week imo. Assay news could land any day.Also PEA due within 3/4 weeks imo.

[mike_f] 16/10/2017 12:53

Offer price increasing again! Hopefully assay now days away. GLA

[donald tramp] 16/10/2017 10:57

They are on my watchlist NY Boy already.