Premier African Minerals Share Discussion Threads

[vitec] 21/11/2017 09:00

For memory last time it took over a week for me and I am with TD.

[bittorrent] 21/11/2017 08:58

I would be interested to know if anyone who took part in the PB offer got their shares this morning? I am with Hargreaves Lansdown and last time PB charged me £25 and took over a week to deliver!

[timw3] 21/11/2017 08:58

placing 250m shares and already traded near 400m! HUGE volume and RHA news still to come

[quazie12] 21/11/2017 08:55

Missed the Primary Bid offer last night but I managed to buy 1m at under 0.5p just now. Delighted

[goodgrief] 21/11/2017 08:54

That must be those who stagged the PrimaryBid raising sold out and gone. Another big spike...

[vitec] 21/11/2017 08:51

Very easily. Own 1 million sell them on a T2 and buy 1 million through the Primary bid and hey presto you make 30% on your money.

I did not partake in the Primary Bid offer as I have been a regular purchaser and have now got to where I wanted to be in number of shares.

[ny boy] 21/11/2017 08:49

All good going forward after last night’s news flow, more news in a week.

Happy to have bought more as there was no worthwhile selling level this morning.

[falia] 21/11/2017 08:48

IN WITH 3M , BOOM TIME

[timw3] 21/11/2017 08:45

placing 250m shares and already traded near 400m! HUGE volume and RHA news still to come

[goodgrief] 21/11/2017 08:44

All other numbers aside, that's a pretty impressive figure for IRR...

[timw3] 21/11/2017 08:41

Just to remind ourselvesToday 08:40Scoping Study (Concentrate Sales Option) Highlights:

£ Target annual production of 84,000 tonnes of spodumene concentrate and 32,500 tonnes of petalite concentrate

£ Pre-tax Net Present Value ("NPV") of US$127 million (10% discount rate)

£ Pre-tax Internal Rate of Return ("IRR") of 86%

£ Gross Revenue of US$1 billion (US$800/tonne spodumene concentrate price and US$400/tonne petalite concentrate price over Life of Mine

£ Initial Capital Cost of US$64 million

£ C1 Operating cost of US$486 per tonne of concentrate

£ Peak Funding Requirement US$38 million

£ 2-year payback (After-tax from the start of production)

£ Robust mine plan derived from Mineral Resources Estimate

£ Initial 15+ year mine life at an average strip ratio of 5.5:1

£ Significant potential for additional mineralization close to the Main Zon

[ny boy] 21/11/2017 08:36

Not selling, just buying lots more @ 0.5p

You guys should have a look at (VELA) dyor as usual

[timw3] 21/11/2017 08:35

How can you sell shares you never owned?


Davidpines21 Nov '17 - 08:33 - 6540 of 6541 0 0
Sold and out

[pre] 21/11/2017 08:34

whoops, didn't read the last rns..yep offer closed & post amended folks!

[davidpines] 21/11/2017 08:33

Sold and out

[codydotcom] 21/11/2017 08:31

I appreciate all of the solid and considered input here by the 6 or 7 :-)

I've been building a position which is dwarfed by most of you, but was still nearly 40% of my portfolio up to yesterday. I was happy with my level, and told myself not to overdo it. But then i increased by another 25% in PB last night, and am very happy this morning.

I hope the board doesn't get overrun by idiots for too long

[mike_f] 21/11/2017 08:31

Who is selling sub .5p hahaha I think a few people are going to be very sore by the end of the day.

[ihavenoclue] 21/11/2017 08:29

Chesty ... and this is the exact reason why they did the placing last night. The threat of a forthcoming placing is gone .. I think it was a very clever way of playing it and it seems GR learned his lesson from July

All IMHO
Regards
IHNC

[quazie12] 21/11/2017 08:29

Pre that closed at 7:02pm last night, £1m raised in 2 hours. I doubt anyone will get PREM shares at 0.40 again. Pathetic deramp

[edgein] 21/11/2017 08:27

Pre,

What open offer, are you referring to the PB offer that closed last night very early?

Regards,
Ed.

[donald tramp] 21/11/2017 08:27

pre,

It's closed so how will you do that!

[ihavenoclue] 21/11/2017 08:27

pre21 Nov '17 - 08:24 - 6527 of 6529 0 0

no point in paying 0.55/0.60 today when you can buy them for 0.4 via the open offer imo:-)

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

Which open offer is that ?

Does it sting that you missed the boat ? :)

[shapido] 21/11/2017 08:26

What open offer is that? Did I miss something? Thought Primary Bid offer had been closed.

[thelung] 21/11/2017 08:26

pre21 Nov '17 - 08:24 - 6527 of 6528

Que?