Premier African Minerals Share Discussion Threads

[ihavenoclue] 08/11/2017 13:50

TheBull ... I don't think the people who said they would top slice at 1p make up a majority of shareholders.

It may be a good idea to top slice but I plan to see the deal that GR gets, and see if RHA can sustain profitability to see how much I would decide to top slice.

Regards
IHNC

[jungmana] 08/11/2017 13:49

When this moves , she moves. Prem has done 100% easily in a day and imo will happen again soon. Just load up sit back and enjoy the next few weeks ride

[dingo75] 08/11/2017 13:49

and up
again

Looking perky on strong vol last couple o days

PEA soon. About to take the brakes well and truly off.

[mike_f] 08/11/2017 13:39

Tick up! And back down :D

[stealive] 08/11/2017 13:22

Still better set it at 1.50

[timw3] 08/11/2017 13:20

Set your sell limits high so the shares cant be borrowed against shorters

[the bull] 08/11/2017 13:15

never getting beyond 1p if all you guys top slicing, lets re-evaluate at 1p and have some orderly selling please or just hold like moi

[stealive] 08/11/2017 13:09

Set my sell limit to 0.90

[edgein] 08/11/2017 13:01

mike,

It'll take a few years to get that $20m back, they can only pay it out of their share not our share! Then we'll get a few years of tax free production too as the costs of development on RHA hasn't been small. But yeah I'd agree RHA is likely to be worth a good potential premium to the share price. Its around $1bn of tungten so half that is PREM's + the RHA payback. Circum easily something similar to RHA, at least 0.5p. Zulu, SE, and potentially N, well the PEA will be the starting point we'll have to work from but ultimately smaller than the huge $bns that Zulu is likely to develop into. We could be looking at somewhere around 200Mt if Zulu North is also a goer.

Otherwise I wouldn't argue with your numbers, PEA is going to be substantially higher than our can and as GR commented recently in an interview none of our assets are priced in, not even RHA.

Regards,
Ed.

[dr jekyll] 08/11/2017 12:57

Does make you wonder Cambrad. :)

[mike_f] 08/11/2017 12:54

5p is certainly possible but ambitious from current levels. 1p is going to be a huge physiologic barrier by the looks of it but only values the company at c£62M. If RHA comes on stream and is profitably producing, we are then going to be getting all profits for months to come until our $20M is fulfilled which on an extremely conservative basis should give a value of .5p on it's own...

We then have Zulu which if a JV comes along (and it's great) that should give us 1p just by itself. Zulu buyout more like 1.5p+ again on a conservative basis. Add the two together and you're looking at a minimum of 1.5p.

This is obviously on the basis RHA is all guns blazing. The current market cap is ridiculously cheap for the assets we have, the market just needs to see proof they can be monitised, then we're off to the races!

[cambradjones] 08/11/2017 12:51

By the sound of it, half the pi,s currently holding plan to either topslice or sell out around a penny ! As a result im selling everything at 0.99p; )

[timw3] 08/11/2017 12:47

660m placing. over 2billion traded since. Should breakout anytime now prior to strong newsflow period

[the bull] 08/11/2017 12:41

Thank you ihave and vitec. As a recent buyer and as 5p is rather fanciful, it would be sensible for me to exit or part exit if they reached 1p but I do tend to hold for the long term and I would struggle to press the sell button at 1p. So lets just say, we shall all re-evaluate once/if we get there. Aren't dreams wonderful

[ihavenoclue] 08/11/2017 12:17

The Bull8 Nov '17 - 10:43 - 5875 of 5881 0 0
whats your exit target if all goes well, I'm thinking/hoping 5p, is that a ridiculous target

The Bull8 Nov '17 - 11:07 - 5877 of 5881 0 0
So market cap of around £250M would give us 5p

=====================

If RHA is profitable, so no further dilution required, and we get to Zulu Feasibility Study around the end of next year, without losing too much of it in a deal, then 7 - 10p IMHO

Of course RHA is the key .. get profitable on that and the pressure is off for Zulu to achieve full value (and the increased value of Tungsten is reducing the tonnage needed for profitability). Circum will just be an added bonus.

But there are currently 6.25 billion shares in circulation so 5p is £310m

[jungmana] 08/11/2017 12:03

ARS is good but at 0.40p prem is better choice for my money. Imo prem could 10 bag in next 6 months.

[donald tramp] 08/11/2017 12:00

looks interesting HG.

[highly geared] 08/11/2017 11:38

I’m heavily invested here but if you want the best stock on AIM, take a look as ARS. The assets are immense and the BOD are streets ahead in delivering shareholder value. I’m expecting a 10 fold increase to 2020.

[blueball] 08/11/2017 11:15

Look at ZIOC today up 60%on permit news.

[the bull] 08/11/2017 11:07

So market cap of around £250M would give us 5p

[wallyjumblat] 08/11/2017 10:59

No not ridiculous but we need RHA to be making money to put us in a strong position with Zulu so if all this comes together 5p easily achieved IMHO

[the bull] 08/11/2017 10:43

whats your exit target if all goes well, I'm thinking/hoping 5p, is that a ridiculous target

[the bull] 08/11/2017 10:42

vitec, you surely have enough and buying more is just taking on too much risk, you're falling/fallen in love with prem

[ny boy] 08/11/2017 10:31

Starting to creep higher, looking forward to some major news flow soon.

You guys should take a look at (BLU) same fund that backed ASeenOScreen in the early days I have been buying recently and also (VELA), anything to do with Blockchain is where the action is!dyor as usual.

[vitec] 08/11/2017 10:17

I am still buying!