Premier African Minerals Share Discussion Threads

[highly geared] 23/11/2017 07:30

If Prem were to flog off their jewel in the crown Zulu lithium deposit for a paltry £25 million, get RHA Optimised at only £2 million profit a year from 2018 with $20 million development cost payback( say low PE of 6) and attribute £5 million to Circum/ Cas/ TFt, it will be worth £42 million or around 0.8p
The current valuation is absurd and value has to out at some point.
GR and Zimbabwe are major negatives but I keep coming back to they underlying value of the assets which are collectively north of £1 billion....

[doctor 69] 23/11/2017 00:17

My take on the podcast was it was more bullish that the interview the day before . I reckon rha is improving " coming into production " this means to me it is getting there , not peaked yet , but it is only November . If it is profitable in December that is good for me , if it continues to increase profitable into q1 . That is also good . Overall I think some on here are frustrated but next few weeks will see a change .

[markth126] 22/11/2017 23:12

Thanks ihnc will listen tomorrow

[bittorrent] 22/11/2017 23:05

Slightly O/T but did you know spodumene can be turned into some rather lovely gemstones?

[bittorrent] 22/11/2017 23:02

George sounded very positive to me, listen to his response to the last question:
RHA "going back into production at the moment",
ZULU "further value adding in terms of resource development"
ZULU "anticipated outcomes of corporate discussions that we are involved in with regard to the project"

[ihavenoclue] 22/11/2017 22:50

markth ... podcast isn't really worth it IMHO and probably comes off worse than the interview he did yesterday.

[markth126] 22/11/2017 19:07

Let us know how the pod cast is as can't get to listen until tomorrow

[pooler1] 22/11/2017 15:21

I suspect that there maybe problems with getting RHA into profit otherwise they could have used the funds from there to carry the out the work on Zulu, also thought the joint venture would have stumped some money up front which could have been used as well! This project should have all the works needed to be carried out and how it will be funded but doesn't seem that way, assets should out weight poor management.

[1hopper] 22/11/2017 14:52

IHNC - I suppose my frustration is born out of seeing a 'world class' asset announced to the market and it virtually being ignored from a valuation point of view.Don't get me wrong, I'm not into this share for a quick buck, I'm in for the mid to long term and hope to see this reach its full potential re S/P but there does seem to be a great deal of resistance to the current price point. Why?The political situation in Zimbabwe could well be a factor but that is probably more likely to have a positive effect to neutral effect than a negative one. So what's causing the resistance? Is it a second RNS that said the company would do one thing and they then did another? Just a thought.

[mike_f] 22/11/2017 14:45

Blue finish on the cards :)

[edgein] 22/11/2017 14:34

Donald,

Great interview, GR very bullish on the assets and situation in Zimbabwe. What more can we hope for than that.

Regards,
Ed.

[ihavenoclue] 22/11/2017 14:27

Active... Couldn't agree more and that's what the market is waiting for.I really hope RHA is close to/at profitability so I can feel really happy holding these long term.

[ihavenoclue] 22/11/2017 14:19

1hopper... You are welcome. It did state on the RNS what the money would be used for and also stated none of it was going towards RHA as that is 'fully funded' I am just getting fed up with so many people whinging about raising the extra money when it was made clear it will be used to add value to Zulu.

[activeservo] 22/11/2017 14:18

Absolutely vitec. Screw shareholders for all their worth but without them jumping ship. A delicate balance.

I think GR is actually pretty good at it, but he does need to start delivering to give something back or share price will return to the drip drip phase.

[donald tramp] 22/11/2017 14:16

Well worth a listen to, new podcast this morning.

[vitec] 22/11/2017 13:42

This is common practice with AIM companies when raising money. If the opportunity to raise more finance is there, they take it.

[1hopper] 22/11/2017 13:19

Lol, I've no problem with drilling 20 holes, so long as that's what you say your going to do.Why go to the market raise £500K to drill 10 holes when you really need £1m to drill 20?Come on, I'm not arguing with the value raised, I'm questioning if it shows good business competency to tell people one thing and then do another. PS Thank you for your eloquent response.

[1hopper] 22/11/2017 12:59

Why make a statement saying your diluting by 2% and then take 4%?If the chancellor said he was putting tax up by 2% in his budget and then put it up to 4% there would be hell to pay.We have great assets, superb results and an absolutely crazy business decision. It's not the small dilution that's the problem, its the inability to deliver on what you say you're going to do. (IMO)

[mike_f] 22/11/2017 12:46

Exactly, and the companies position is stronger when negotiating the JV.

[quazie12] 22/11/2017 12:20

The more funds available, the more the assets can be proved up

[tsmith2] 22/11/2017 11:37

If the company only needed £500k why raise £1mn at 0.4p. Could have waited for some good news and undertaken another fund raise will lesser dilution

[edjge2] 22/11/2017 10:39

zimbabwe wobblers made my adder active 10% down
Still have the resource