Premier African Minerals Share Discussion Threads

[billthebank] 01/12/2017 12:00

He made a dreadful mistake with Darwin not just once Edge.Still in and hopeful and really really cannot deny the quality of the assets and of course don't forget the NDAs!! ! As for working capital and over extending himself he is a mare

[edgein] 01/12/2017 11:51

GR has got RHA to within spitting distance of cashflow +ve without lumbering PREM with debt. He's doing a pretty good job from where I'm sitting. Without Darwin or YA I wouldn't have been sitting on anywhere near as low an average share price. He's also managed to bring in 2 world class assets and a huge tungsten mine which is impressive for a £5-27m company. Yes PREM were a mere £5m cap when some of us were boot filling. So I give the fella a thumbs up.

Regards,
Ed.

[billthebank] 01/12/2017 11:11

TBH PCT was undervalued.Could it move up again no idea.Left quite a bit in just in case.I agree 're PREM but George is Y a financial basket case.Fingers crossed though that we get a strong RNS or two on RHA and poss assays very soon!!!

[highly geared] 01/12/2017 11:08

It will nice to see more drilling results, an updated Jorc and PEA in Q1 2018 or a JV with £50 million to Prem and a free carry % whilst it’s developed by a major...

[ny boy] 01/12/2017 11:00

Tick tock not long for RHA

Zulu is going to be massive

[the bull] 01/12/2017 10:56

Hey Bill can you imagine this doing your PYC, that would be stunning and life changing instantly. That deal they did seems good but does it really warrant that rise. Come on Georgie boy show us the money

[billthebank] 01/12/2017 10:38

yoyo day or people buying in on speculation that PREM is the next PYC

[bittorrent] 01/12/2017 10:23

No, there won't be a problem sourcing batteries, just watch this video:

[ihavenoclue] 01/12/2017 10:04

The Bull ... nice piece.

Supply and demand ... demand outstrips supply then prices rocket ;)

[the bull] 01/12/2017 10:01

Predicting the electric car crash
Aspiring e-carmakers could hit a nasty roadblock: a limited supply of key battery metals. All contenders will be affected, from Tesla to VW to BYD.
By
Stefan Hajek
Published on
November 16, 2017 7:05 pm
BMW-i3-1800
No battery, no e-car. Source: BMW
For want of a raw-materials fix, the electric-car revolution could fizzle before it gets started. While e-carmakers pride themselves on their futuristic flair, their plans hinge on a decidedly drab-looking piece of gear: the battery.

Volkswagen, BMW and Daimler, the parent of Mercedes-Benz, have all unveiled ambitious plans to offer dozens of electric-car lines by 2025. By then, VW hopes it can sell two to three million e-cars, while BMW wants to have 25 models rolling off its assembly lines. Daimler plans to sell at least 100,000 electric Mercedes and Smart vehicles by 2020. Tesla, Silicon Valley’s cars-to-rockets pioneer, aims to produce half a million e-cars as of next year.

Asian battery makers such as Samsung, Panasonic, LG Chem and BYD are building new factories to handle any e-car boom. There is a big bottleneck, however: the supply of precious metals to produce the batteries. Mining companies that deliver the all-important lithium and cobalt are not expected to keep pace with growing demand. These two commodities are vital for the lithium-ion batteries employed in mobile phones and cars.

[ihavenoclue] 01/12/2017 09:47

Last week he said "probably before the end of next week" so I am happy to wait :)

[doctor 69] 01/12/2017 09:32

Just bought another 1 m , not much stock to buy

[doctor 69] 01/12/2017 09:28

In last 10 minutes quite a lot of buying ? Something up

[dodge city] 01/12/2017 09:27

Another area of concern is the failure of the share price to sustain even the most modest rise.

[the bull] 01/12/2017 09:26

nice little top up, funny number, should have rounded up to 2M for another £500

[mike_f] 01/12/2017 09:23

Right, that's my lot. 1,854,790 top up! Bring on the news. GLA

[andrewsr] 01/12/2017 08:12

I think when he said news in 'the coming week(s)' the 's' wasn't quite audible, so relax, it's coming soon!

[mike_f] 01/12/2017 07:46

News Monday then? Better day than a Friday however George's statement did suggest by the end of this week... as long it's good news I don't care if it's next Tuesday!

[wallyjumblat] 01/12/2017 01:32

How do you value RHA? its about to be in profit, its fully funded and could ramp up to $1m dollars per month next year. They have stockpiled ore, the tungsten price is Bullish and I believe that everything that could have gone wrong in the last couple of years has, at some stage all the bits will start to function and valuable lessons have been learnt, plus GR and the BOD have gained valuable experience.

For all GRs faults lets not forget he was a founding Director of a company that sold for $2.5 Billion so he thinks big. The other thing we should give him credit for is he has discovered these resources, eventually the market will wake up to the potential here and confidence will be restored in GR and these outstanding resources..

This has been painful (yes I know) but you really don't get anything for nothing in this world and as I have said before the perfect storm is brewing with the combination of RHA, ZULU, CIRCUM and the political environment in Zim, all of these are Company making, and any of them could produce multiples of our MC, if they all come together the sky is the limit.

I predict a meteoric rise at the end of this month beginning of next year AIMHO.

[billthebank] 30/11/2017 22:53

I totally agree vitec Where does some of this stuff come from RHA is also fully fun ded and he stated that it will be profitable by Xmas. He also mentioned there were issues with RHA which a few people have harnessed onto and I can understand that as RHA has been a continuing problem with over £20M spent on developing it but we are close. April 2018 will hopefully confirm some consistency bit for now a degree of profitability would be good and a degree of profitability that means that RHA will be making a contribution to the group? He said in the coming week so that means tomorrow for the RNS Personally I feel we will get more than one RNS tomorrow!!!!

[vitec] 30/11/2017 22:44

Do you honestly believe there will be a placing when the company raised a million pounds in 2 hours which was double what they wanted. You really do not have any idea about Prem. Yes we want a positive RNS for RHA and it might not come tomorrow but all this rubbish about not issuing an RNS on a Friday is exactly that rubbish.

[nesty1760] 30/11/2017 21:53

I know it's a very difficult concept for GR to grasp.
IE give the market pure good news and the share price will go up.l

Not like. I'll give the market good news, attach a placing and think that everyone will be so bowled over with the good news, nobody will ever notice the placing.

[nesty1760] 30/11/2017 21:49

Friday is bad news day.
I will go for monday and praying for once. GR can let us all have unspolit good news, just for once!!!