Premier African Minerals Share Discussion Threads

[doctor 69] 21/11/2017 00:11

bill , well put.

BEAR hug
others have said scope study is a PEA.

Tomorrow is going to be a record breaking turnover , billions of shares.

[bearhug2] 20/11/2017 23:33

No it isnt

[thelung] 20/11/2017 23:26

Scoping Study is the PEA

[bearhug2] 20/11/2017 23:19

0.5 Finish if ye lucky tomorrow..Scope is nothing PEA is needed an for GR too stop issuing more stock..He cant do any more raising without an EGM..I sooo want this too do well but the leader..Not the assets are holding it back..Every time its more shares..Gl but don't think it will bag, too many non sold warrents shares etc in the pipe, will go up then back..Hope it don't but seen it too many times..

[nesty1760] 20/11/2017 23:10

[It was only around 0.41p offer online at the close with a weak 0.4p bid so I'm not
sure why anybody is getting excited because they raised £500k on Primary just because it's at 0.4p, you can buy in the market for virtually the same price]

Dave, 0.41 was pre RNS. At that price nobody was more the wiser. Since then a Primary bid placing which sold out in 2 hours flat and the small thing of stonking RNS figures. I very much doubt buying at 0.41 will be possible tomorrow!

[doctor 69] 20/11/2017 23:10

Dave4545 , what are you on about , you can buy in the market at 0.4p , have you not seen what has happened since 4:30.

" Probably will be marked up "

Bittorent : fully agree there is so much to see positive.

[mike_f] 20/11/2017 22:38

I certainly picked up on that Bitt:Advance discussions with strategic groups with the view to conclude a joint venture or other acceptable strategic alliance intended to advance shareholder interest- Strategic goups - plural!- Other strategic alliance - Off-take agreement?

[bittorrent] 20/11/2017 22:33

Also no one seems to have picked up on the mention of a JV to move the project forward, it suggests to me they are already in talks with interested parties.

[ihavenoclue] 20/11/2017 22:33

turbotrader220 Nov '17 - 22:17 - 6437 of 6440 0 0

This should be over £150m mkt cap to be fair on what we know now and then there’s RHA....

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

We need it confirmed that RHA is actually turning a profit, so no longer a drain on funds, to get closer to real value IMHO

[dave4545] 20/11/2017 22:32

DT

Yeah, probably will get marked up...good luck

[bittorrent] 20/11/2017 22:31

Dave, true it's only £500k they could probably have gone for a £million as it sold out quickly, and at virtually no discount. We shall see tomorrow morning.

[highly geared] 20/11/2017 22:28

Turbo, the issue to date has been George Roach and his hamfisted management of financing, obsession in buying more Circum shares + failure to get RHA sorted out as stated timelines. The finance side was partially repaired by a placing to repay to YA death finance. So, trust in management was badly dented.
I suspect all will be forgiven now we know the scale of Zulu as all else pales into insignificance with what looks like a world top 3 hard rock Lithium resource , just as the world is crying out for Lithium for the EV market.
If they get to 100 million tonnes we should see a 20-30 bagger.

[donald tramp] 20/11/2017 22:28

lol dave.

You won't be buying these again at .4p, did you read the rns.

[dave4545] 20/11/2017 22:25

It was only around 0.41p offer online at the close with a weak 0.4p bid so I'm not
sure why anybody is getting excited because they raised £500k on Primary just because it's at 0.4p, you can buy in the market for virtually the same price

[turbotrader2] 20/11/2017 22:17

What always intrigues me is when will the value actually be born out?These numbers are simply astounding but when do you know you've sweated your investment?This should be over £150m mkt cap to be fair on what we know now and then there's RHA....

[timw3] 20/11/2017 22:16

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

[donald tramp] 20/11/2017 21:56

From RNS

6. The Mineral Resource Estimate is based on information compiled by the Company and reviewed by Mr Wolfgang Hampel (as described further below).

The initial Maiden SAMREC Compliant Inferred Mineral Resource Estimate announced on 6 June 2017 amounted to 20.1 million tonnes @ 1.06 % Li O and 51 ppm Ta O using a cut-off grade of 0.5% Li O. Since the Maiden Mineral Resource Estimate, the geological model has been optimised as at least six new zones of lithium mineralisation have been discovered. A part of the Main Zone is now attributed to the New Zone. Drilling in the New Zone is ongoing and is expected to result in a massive increase in the overall tonnage.

"massive increase" and again later on..........

Mining, Processing and Production Plan

The current deposit is massive, surface outcropping, steeply dipping to the east with thicknesses ranging from approximately 5m to 30m.

[donald tramp] 20/11/2017 21:54

I've filtered tim dim.

The facts are these:

He will be ramping the hell out of it to suit his own agenda that's all, then when he has sold he will be back (as before) saying it's a pile of dung.

Surprised that fca are not onto him yet, they do come down on this sort of activity, vis a vie topinfo for starters.

In the real world he is best ignored, like I have done, just filter his noise out.

[doctor 69] 20/11/2017 21:53

Bought another 4 m in placing , but these are really going to fly . the numbers are mindblowing. tomorow i expect hit 1 p and settle back at 0.7 p , then rise each day after until more rns , should be in range 1-1.5 p in December.

[tidy 2] 20/11/2017 21:52

And yet another placing and many many more to come. Long long way off value here.

[nesty1760] 20/11/2017 21:36

A bearish sign. Have you seen the RNS? Doesn't matter just because a certain poster has turned up.
PB was sold out by 7pm within 2 hours. Twitter is on overdrive about PREM. There will be huge interest in the morning. I can only see this going one way that is the heads up!

[timw3] 20/11/2017 21:36

This is just the first of 4 bits of news we were expecting in Newsvember.

2) RHA profitable
3) Open pit review
4) Zulu assays/upgrade

An explosive 10 days coming up.

With all news out, this will be a £100m company. Just as we all knew it should be, but this time with hard written proof and cash rolling into the kitty. Broker rating 1.62p gives that valuation.

[timw3] 20/11/2017 21:32

i love the focus and attention i get here. Makes me want to post even more knowing how much airtime you boys give me