Premier African Minerals Share Discussion Threads

[timw3] 20/11/2017 21:24

PREM will do a FRR, ZIOC, GGP style rise over the coming days imo. RERATE time

[markth126] 20/11/2017 21:19

Wow, I can't wait as these are going nowhere. I will sit on them for kids futures at this rate

[mike_f] 20/11/2017 21:18

Thanks HG, well demonstrated, agree that the share price should surpass 1p on this news alone...

[mike_f] 20/11/2017 21:17

You are right DT haha my bad! 10% I meant...

[ihavenoclue] 20/11/2017 21:07

Donald Tramp20 Nov '17 - 21:06 - 6419 of 6419 1 0

Maybe de-activate my account, delete my bookmarks and lose my passwords for s/dealing account!

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

Good plan but set a sell price before you do .. but what would you set it at ? :)

[donald tramp] 20/11/2017 21:06

I agree HG.

Sitting tight for 12 months is going to be the hardest thing to do and not be tempted to sell out along the way, but if we can hold the rewards here will be substantial.

Maybe de-activate my account, delete my bookmarks and lose my passwords for s/dealing account!

[doctor 69] 20/11/2017 20:55

highly geared , you are correct if we stay for the long term we will be rich

[highly geared] 20/11/2017 20:54

Mike ,10-25%.So $100 milllion now is reasonable based on the carbonate option.

If 5-10x resource is proven up in the next 12 months , extrapolating gives you a median NPV , discounted to 10-25% of NPV of c. $700 million if they prove up 120-140 million tonnes and you use the carbonate option. So c. £500 million market cap in 12 months if everything falls into place.

The big money will be made by hanging around.....
We should move to £100 million market cap or c. 2p/ share based on today’s news.

[donald tramp] 20/11/2017 20:49

3% is about our m/cap currently.

[donald tramp] 20/11/2017 20:48

I think your maths is out Mike LOL

[mike_f] 20/11/2017 20:28

Great to see that PB was oversubscribed well before the 9pm deadline.Just been thinking... The company is never going to be valued anywhere near the NPV figures at the moment, however what would be a fair valuation currently?If you look at the Lithium Carbonate option with a NPV of US$718.9m what would you attribute to in ground value?Even 1% (yes one percent!!) is worth 3 times the current market cap!! This HAS to rise significantly from this level. GLA

[highly geared] 20/11/2017 19:59

If the Chinese are prepared to offer up say £1 billion now for the lot, I'm sure a few of us will reluctantly accept it and walk away with our paltry 5000% gains....just a shame lithium isn’t in demand and there’s no market for it in the next 10 years😂

This really needs to get to £100 million market cap over the next week based on RHA optimised and what Zulu is now ( NPV) and will become in 12months as a likely Samrec 100 m / tonne hard rock asset.

[markth126] 20/11/2017 19:56

I was thinking .3 to .425 is a decent rise but listen, nothing will make me happier than a 300% rise if you learned lot believe it. It is nice to have a dream.

[timw3] 20/11/2017 19:51

risen from 0.35p to 0.4p is "risen a lot recently".. ZIOC and GGP have gone up 300% on OK news and far less asset value!

[markth126] 20/11/2017 19:50

Is this all new news, lots of figures being bandied about. We have risen a lot over the last few weeks really.

[donald tramp] 20/11/2017 19:44

Prem tweeted this about the Chinese not too many days ago, buying Li in the ground as desperate to secure supply.

[ny boy] 20/11/2017 19:40

Just got back & missed out, as primary bid, shows offer closed. Oh well got millions of shares from 0.30p looking for 10p when the big news comes but this news should see us above 1p+

Going to be a huge move up.

Exciting times ahead! GLA

[donald tramp] 20/11/2017 19:30

other board Xulu

GR stated drill costs are $75 per metre.

So $500k could complete another 6700m.

Keep in mind our initial 2500m drill established our 20million tonne model used in the scoping study.

We have another 3100m already completed and waiting for assays. This is expected to more than double our model.

Although the whole $500k won't be used to drill, when combined it could pay for enough drilling to take us close to 100 million tonne SAMREC compliant resource.

Then RHA can be used to drill the rest.

$520m project valuation on just 20 million tonnes. Imagine what the full 100 million tonnes would get us....

UNBELIEVABLE

[markth126] 20/11/2017 19:27

Closing price tomorrow then? .6?

[the bull] 20/11/2017 19:21

It was first come first served on the PB, took about 5 mins in all

[donald tramp] 20/11/2017 19:20

This looks interesting too:

Notes to Editors:

Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused in Southern and Western Africa with production started at its flagship RHA project in Zimbabwe.

[timw3] 20/11/2017 19:19

Jeez Primary Bid offer closed by 7pm. is that a record.

Hardly surprising i suppose given the news

[ny boy] 20/11/2017 19:08

No one is bothered about bitter derampers, a few probably sold out for 5-10% again and had the door slammed in their faces lol