Premier African Minerals Share Discussion Threads

[forwood] 10/11/2017 15:16

If that is the case, why haven't they sold the lot already? You can't say they are not sensitive to the price and then say they're waiting for 4p a share!

[ihavenoclue] 10/11/2017 15:14

forwood10 Nov '17 - 15:02 - 6093 of 6096 0 0
If Darwin are holding shares, why would they sell them before publication of the PEA?

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They just want the cash back ASAP. If they can flog 0.3p shares for 0.4p then that is actual profit rather than predicting what might happen. They just facilitated the placing they do not think like private investors.

[forwood] 10/11/2017 15:13

Find that hard to believe DT. Presumably they did a risk assessment and would know what the company is up to. They may derisk if they have a load.

[donald tramp] 10/11/2017 15:05

Darwin don't work like that forward, they have no interest in what a company may or may not be doing they just provide funding then dump the shares as long as they make a return that's all that is of interest to them.

[cambradjones] 10/11/2017 15:05

Hard not to put the majority of your funds in to one share when you believe so strongly in the assets. Im 100% in here but only hold a fraction of what some of you guys have tucked away.

[forwood] 10/11/2017 15:02

eff off hitman

[jungmana] 10/11/2017 14:54

If this goes wrong my wife will sack me. Near 80% of my pot is in here. The remainder in a few other shares.

[thehitman1] 10/11/2017 14:53

What's next for PREM?, MORE FUNDING??.

[vitec] 10/11/2017 14:50

Bill, we are either going to be geniuses front of class or consigned to the naughty step for a very long time if we have got this wrong!

[billthebank] 10/11/2017 14:41

Holy moly you boys are along with Vitec in very heavily!! Uber confident!!Impressed.

[jungmana] 10/11/2017 14:03

An opportunity to add at 0.40p is not to be missed.Added a little. Near 13m for me.

[mike_f] 10/11/2017 13:45

Your right BH, I'm expecting the same. Darwin def has some as PB offer didn't close early, if it had then they would have had any, no idea how much they were left with though. Fingers crossed the dump is printed ASAP. With the way the share price is behaving today, it wouldn't surprise me if it shows this evening. Then news can be released next week and the share price can trade freely!

[bearhug2] 10/11/2017 13:28

Bill, The offer was fully subscribed before it even went out as it was underwritten by Darwin..Thats how it works, its basically a fund raising via PB (Who are a sub of Darwin) they buy the shares from Prem then sell them to PIs and whoever through PB if its not taken up then the shares are darwins to sell on the open market. If you read the wording from the RNs following the March 17 fundraise thru PB then read the October 1 the wording from Prem is totally different and down beat on the October 1..Compare the 2 there is a very different reteric that comes across albeit Cleverly hidden..Hence this is also another reason I think they are dumping those shares ..As I say its just my own theory and prob way off..But something is holding back this PEA if you believe other posters saying hes had it for a several days...He may not be the best CEO but he aint thick...I have a lot more than 10 mill..GL

[billthebank] 10/11/2017 13:18

Thanks for your input though. Still got your 10 million?

[billthebank] 10/11/2017 13:17

At present as has been every day mms happy to take all my holding above 0.4 but not enough Tried to buy today and whilst the mms have moved the share price action around a bit every time I try to buy some it is invariably 0.4p. As I look now it is 0.395 to buy!!!

[bearhug2] 10/11/2017 13:16

Its just a theory and probably way off the mark..See if the dump actually occurs in the next week, they still appear to be selling into the market imo..GL and have a thoughtful weekend (Rememberance day).

[billthebank] 10/11/2017 13:05

Interesting Bearhug. Have to admit I thought that the PB offer was fully absorbed but by your analysis that does not seem to be the case? I wonder how many shares Darwin actually absorbed? PS I hate darwin with a passion!!!

I revisited the announcement and the statement was that the offer was closed at 5 pm and there was no mention that it wasn't fully subscribed. So even if Darwin acquired some shares I cannot believe that it would have been as much as even 20% . So even if it was that amount that is 200M shares. They must have been gobbled up already. I don't see it Bearhug but then I don't have level two. I am still long and strong and happy to wait till at least 1p now!!! Too much news expected and hopefully some of it good stuff!!!!

[bearhug2] 10/11/2017 12:58

Vitec, I completely agree my point was that pis are wise to Primary Bid now, im not saying its bad an I personally welcome inclusion of pis into placing etc, the theory behind the post was that the shares where not taken up thru the pb offer by pis hence the lasting dumping by the mms. As I stated I personally bought thru the open market on the Monday following the pb offer, it cost me less and also was fairly sure the share price would be at that level (Which it was) you still get 33% return on the open market buy without the hassle that goes will pb and the issue of your shares...GL

[edgein] 10/11/2017 12:54

Well whomever has been selling or buying since the PrimaryBid around 4bn shares have now changed hands. On the day of the PEA could see another 1bn change hands again, perhaps more this time depending on how big the numbers are.

Regards,
Ed.

[vitec] 10/11/2017 12:48

BearHug, you could be right but alternatively those that invested via Primarybid would be able to take a 33% profit on their investment. For many investing in AIM companies, is buy and sell, not buy and hold.

I suspect that there were shares left over from the Primarybid and these have been filtered into the market. Tactics of MM's would be to raise the bid so that punters purchased the shares knowing that they have plenty to fulfill the orders. The share price of many companies is put up or down depending on the orders within the market and to drum up trade. No MM wants a static share price as they will find it hard to make any money. Balancing their books is a key priority, but making money is their number one priority and this has to be done with minimal risk. This by its very nature passes the risk onto the individual. If you want to trade with a buying and selling strategy, then timing is key. If you want to trade with a buying and holding strategy you run the risk of "curve balls" served up by the management and the demise of capital for a period of time.

PREM has served up the demise of capital but has the ability to create wealth. As usual it depends what side of the fence you sit on.

[bearhug2] 10/11/2017 12:48

Soz but forgot to add, on the weekend of the PB offer, I did a dummy request on the site for 10 mill shares but never finished the transaction to see if they would come back to me (Always a good guide as too the take up)...15 Times they called me in 3 hours..Tryin to get me to complete the transaction...That to me smacks of desperation and it was only a few hours before the closure time..I didn't complete just bought the next day on the open market at the offer price...

[dr jekyll] 10/11/2017 12:43

Interesting post BearHug2. There certainly has been far more selling than just pis in my opinion.

[bearhug2] 10/11/2017 12:43

All this Primary Bid stuff was a great forethought for AIM by Darwin as pis (At First) thought ooo great we get to participate now..However it didn't take long for folks to work out Darwin were behind it and when ever a fundraising was announced you may as well wait for the next trading day and buy on the open market saving the fees they charge plus having to wait for shares and or certs cause it was going down to that offer price anyway...In reality all it has done is give pis and mms advanced notice of a placing...

[bearhug2] 10/11/2017 12:33

Don't post much on here but will throw my opinion in the ring...I personally am waiting for a HUGE DUMP...No not that type lol...IMO most of the PB shares where not taken and Darwin have been offloading them, its typical Darwin force up the share price as they get lower, SCAP imo have been flogging them off over a period of time you could see that from Level 2/3..It started to rise 2 days ago so I assume the dump will come in a delayed massive trade either tonight (Unlikely as they appear to still be going) or early next week..Given they have 3 days to report (If AIM is too be trusted)..If this is the case and GR is aware of it and if I was in his shoes I would wait for that dump then issue the PEA and RHa update..No point in before as it will just go back down if they still have stock..Im sure it could be seen as due diligence on the part of the BOD given apparently he has the report and is sifting through it...See if the dump comes as I suspect it will soon..All imo of course...Hmmm