Premier African Minerals Share Discussion Threads

[dins1249] 23/11/2017 10:35

He said in the coming week. I think he meant in the coming weeks.

[ihavenoclue] 23/11/2017 10:20

Stealive .. You are not GR... he said 10 - 14 days for PEA and it was double that. If he said on the vid the end of next week there is NO way it will be before that.

Thinking the other way that it could be any day now will just cause frustration when it won't happen so I can't see the/your point TBH

[dodge city] 23/11/2017 09:47

So this should be 0.8p minimum come the end of next week.

[ihavenoclue] 23/11/2017 09:39

On the video he said by the end of next week so no, no RHA news today

[stealive] 23/11/2017 09:19

Our mining and exploration activities continue as usual in Zimbabwe, and we look forward to building on the strong relationships developed in Zimbabwe. I am pleased that we continue to make progress at the RHA tungsten mine and look forward to a comprehensive update on that project in the coming week," he added. Posted on the 21st

[stealive] 23/11/2017 09:14

News this week?http://m.miningweekly.com/article/premier-raises-1-milion-in-oversubscribed-share-offer-2017-11-21/rep_id:3861

[andrewsr] 23/11/2017 09:13

The Circum, Casa and TCT stakes would suggest GR is a buyer and seller of assets and if Zulu is a world class asset, IMO a major mining company would want to run it without interference from the likes of Premier, so maybe at most they'll retain a small stake, but probably not even that. A few hundred million dollars would be small change to a major.

[billthebank] 23/11/2017 09:10

TBH I reckon it's RHA that's somehow holding us back?

[jungmana] 23/11/2017 09:08

I would take nothing less than £100m for Zulu today.

[billthebank] 23/11/2017 09:07

0.4408/0.45 is the present spread so stating the share price is 0.425 is plain manipulation of the market.I am surprised PREM don't have a word with mms!!!

[stealive] 23/11/2017 09:05

Summit is brewing only by the manipulation of the share price. Time will tell but I'm sure it's sooner rather than later. Glad to hold

[edgein] 23/11/2017 09:03

Vitec,

Really?

"Taking the cash now and then trying to find another is something completely different."

We have another lined up just waiting for us thanks to GR, we already own 5.2% of it, its just $2.4bn NPV of potash. Just imagine what owning 20-30% of that would do to our share price as it approaches development. But I agree with the way GR is talking about the future of Zimbabwe's lith industry he wants to be a part of it. Talking about the long-term future of production, exploration and development. So I'm also thinking like you it'll be a free carry or cash injection/free carry for significant expo.

Regards,
Ed.

[molatovkid] 23/11/2017 09:03

It's Africa.....take the cash, pay the tax....be grateful.

[vitec] 23/11/2017 09:02

That's you and I talking Wally but not a CEO. They like to roll the dice to build bigger and better companies (or so they think) with other people's money. To George's credit he has the largest stake so he cannot be bashed to hard as he is also staking his money on a positive outcome.

[wallyjumblat] 23/11/2017 08:54

Always take the cash, sell everything now and distribute to long suffering shareholders.

[vitec] 23/11/2017 08:50

I don't think an outright sale is on the cards. Having a world class asset that needs developing is one thing, taking the cash now and then trying to find another is something completely different. This comes down to what your exit strategy is. Is PREM in this for the long term and sees itself as an explorer/producer making its money on a long term basis or does it see itself as a buyer and seller of assets, finding assets, firming them up and then selling them on.

It could be argued that PREM is doing a bit of both but does anyone honestly believe that George is going to sell off the jewel in the crown and take the money and run? The majority of CEO's have massive egos and they like to bask in the sun of their own glory. George is not about to announce his retirement and so I can see a JV with him at the helm, directing proceedings.

George has taken a battering from shareholders over the last 6 months plus. His standing with shareholders is about to change if a great deal for Zulu is signed, RHA proves to be fully optimised and profitable and a liquidity event regarding Circum is on the cards. If I was George I would want to see all of these things happen whilst I was at the helm so that if I was going to call it a day I could go out on a high and know that mine and my family's financial security was secured.

[edgein] 23/11/2017 08:38

Doctor,

That's possible, as GR said he expects Zim to lead the way for lith in the whole of Africa. He mentioned that there's enough of the stuff here to meet demand for more than one large LC plant. The Chinese have been happy to invest $bns into Zim in the last years, £130m to some of those large Chinese companies is small change. I hope if its $100m or less he rejects if for a total sale, Chinese offered AU$100m to Birimian for much smaller assets in Mali. Deal fell through in the end for them, but GR said earlier in the year he was prepared to listen to all types of offers. I get the gut feeling he's currently looking to keep PREM in Zulu, but if the numbers get big enough he might get tempted into taking the cash.

Regards,
Ed.

[doctor 69] 23/11/2017 08:30

Rumours on other BB that one of companies in talks is a blue chip miner . Zulu is so big it would not surprise me , it is of a size that the likes of rio etc would think about . These companies are racing around the globe to find lithium .

[doctor 69] 23/11/2017 08:18

Usual morning , early on sellers , buyers come back and shares recover . Many on here guess where the stock is coming from , there are hundreds on the BB! Surely someone knows the market makers to ask them

[doctor 69] 23/11/2017 08:16

I have a clueHopefully we will both be , I reckon if George does get rha going and with that pea , we should give him credit .

[ihavenoclue] 23/11/2017 08:12

Doctor 69
23 Nov '17 - 00:17 - 6704 of 6707 4 0
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 .

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

I will be happier than a pig in the brown stuff with that scenario :)

[edgein] 23/11/2017 08:04

The podcast was very good, he said he was bullish on all assets, perhaps if it were a video he would be dancing too. I don't know what some people want at times. If he's bullish on all projects and for the future discussions ongoing for Zulu, the fact that these are still ongoing and the parties have been patient for GR to drill more holes says a lot about zulu too. Just because its going well on the assets and these are not priced in isn't GR's fault, he's doing his bit getting the message out in interviews and podcasts.

Regards,
Ed.

[doctor 69] 23/11/2017 07:38

The more I listen to recent pod cast , the better it sounds . No1 reason George gave for buying prem was rha