Premier African Minerals Share Discussion Threads

[donald tramp] 01/11/2017 20:31

KDNC haven't got the money for this and would be a rubbish JV partner, they would bring nothing to the table for an asset the size of Zulu, they are just some two bit Co, look at their balance sheet.

[andrewsr] 01/11/2017 18:56

The KDNC was certainly very positive on the low capex, quick to monetise prospect, certainly sounds like Zulu, although not sure about the 'stable' jurisdiction assessment, maybe somewhere else. Could do with someone with deeper pockets, but it would be a start.

[mike_f] 01/11/2017 18:02

They have about £5M apparently Bill, not a lot! Their business model appears to buy a small stake in a company, assist in proving in up by way of funds and then jointly sell it on to a major! Wouldn't mind that set up.

[billthebank] 01/11/2017 17:50

Hi Mike haven't done any research on this but does KDNC have the funds to join in???

[the bull] 01/11/2017 17:14

Short it then dodge, whilst we coin it in

[mike_f] 01/11/2017 16:11

Listened to the interview, it does sound extremely familiar to Zulu! Fantastic research by Xulu... KDNC could be our JV partner!!

[mike_f] 01/11/2017 14:07

Post on twitter:

Bagger‏ @AIM_bagger 1h1 hour ago
More
#PREM Rough numbers. Sal De Vida (Galaxy)- 1.1Mt (LCE) NPV $1.416B, Zulu Main Zone PEA@ c60Mt/c1.58Mt (LCE) =c$2B + SE =c$4B? Mcap £20M! 😂💰💰

[billthebank] 01/11/2017 09:11

Still reckon news will be available on Monday flowed by more assays?.I am sure I read on LSE that someone had spoken to Fuad and he stated there would be Newsvember!!!

[ihavenoclue] 01/11/2017 09:06

Edgein ... hopefully not too long now to find out :)

[edgein] 01/11/2017 08:57

Ihnc,

That would be fantastic, I'm not sure if it'll include a lot more than the JORC'd amount, but that would be fantastic if it does. The 20Mt is for 500k tn of LCE that's a mountain of cash and given that its all very shallow and good grade/stunning grade the economics will be top notch.

Regards,
Ed.

[ihavenoclue] 01/11/2017 08:49

DT ... I think max stole his dinner money so he has to wait for his mom to make his sarnies (with the crusts cut off - obviously) ;)

[donald tramp] 01/11/2017 08:48

dodge,

you are going to miss assembly run along.

[ihavenoclue] 01/11/2017 08:41

I would say the PEA is based on the asset at 60 - 80Mt as an RNS hinted that it would be over a larger area than the original 20Mt estimate.

[edgein] 01/11/2017 08:36

Bill,

Absolutely. Just a case of waiting to see how much of Zulu is included in the PEA and how many multiples of our market cap that will translate to. Exciting times ahead. I hope it doesn't force one of the potential buyers of Zulu to pull the trigger too early. I'd like a few more bags here first.

Regards,
Ed.

[dodge city] 01/11/2017 08:22

How come the clown that runs this company has given away 18mill of your money to a bunch of idiots.

You will never see that again.

[billthebank] 01/11/2017 08:21

Interesting trend with the share price over the last week.MMs seem to bounce it around but when you look closely the trade is quite narrow between 0.345/0.35 rather than the 0.3 and 0.4 reported. Looking forward to PEA and news 're jv shortly afterwards.Nivember hopefully will be a cracker for the large holders.

[billthebank] 31/10/2017 16:45

Filtered him ages ago as no substance. Language is foul. Each to their own so I would suggest to him that he places me on filter also.

[dodge city] 31/10/2017 16:42

We'll see.

[doctor 69] 31/10/2017 16:37

Dodge Nonsense

[dodge city] 31/10/2017 16:36

You guys had better hope for some spectacular news very soon otherwise this is going south.

The recent update re the assays was a complete damp squib any positive news re RHA looks to be week away.

I can see this going down into the 20s very soon.