Premier African Minerals Share Discussion Threads

[doctor 69] 03/12/2017 13:50

ALREADY PRICED IN 0.35

[dodge city] 03/12/2017 10:48

and if not on track.....

[doctor 69] 03/12/2017 10:35

big week ahead .

Is RHA on track for profitable by xmas or not. If the news is RHA is now self sufficient adn probability in dec and by end of Q1 we may see $500k per month from open pit , then these deserve a re rating.

I will take my holding over 30m then . If RHA can generate this much money it completely derisks PREM . George can then do what he wants with Zulu and i will be happy to sit back and see these well over 1 p in 2018.

So if on track these should break into a new trading range north of 0.6. in my opinion.

[bittorrent] 02/12/2017 08:55

Thanks both for the info, I wasn't aware of that. As I have said before I would prefer a big company with deep pockets to take a stake.

[jungmana] 02/12/2017 08:02

Cadence are looking for an early exploration lithium project. The CEO did interview after that rumour 3 weeks back and is clear that Zulu is too big for them.

[bittorrent] 02/12/2017 07:30

Cadence Minerals still planning an investment in a lithium asset:
New Investments

As outlined in Cadence's announcement on 1 November 2017, the Company was at the advanced stages of reviewing several early stage lithium assets in well-known lithium jurisdictions.

The Company has now completed due diligence on two of these assets and anticipates that it will be able to execute binding investment agreements prior to the end of the year with exploration beginning in earnest in Q1 next year.

The Company's intent is to earn in at a project level basis where it can both hold larger stakes and utilise its management expertise to achieve the high level of returns that we have made on our portfolio to date.

The Company will announce details of the assets and terms of the transactions once it has executed the binding investment agreements.

[nesty1760] 01/12/2017 18:05

PREM seems to be obtaining some nice exposure on twitter.
If GR can produce some clear unspolit news. This could easy do 100% in a day with the correct wave sentiment.
Give us some decent news GR!

[donald tramp] 01/12/2017 17:48

No prob ihnc

:)

[ihavenoclue] 01/12/2017 17:19

Donald Tramp
1 Dec '17 - 14:12 - 6939 of 6943 1 0
I have it on very good authority that it's Friday afternoon.

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

Cheers DT

[nesty1760] 01/12/2017 17:19

Hopefully GR will give us some decent news on Monday/nextweek. This is his chance to really turn the corner. I think if from this point can deliver news of RHA not being a cash drain. People opinions may just chance towards him.
Though, it is all about action rather then words at the moment!

[mike_f] 01/12/2017 15:24

Come on PREM, lets have a blue finish :)

[nesty1760] 01/12/2017 14:50

Amazing how many pi's seem to have short memories. GR says one thing and often does another.
End of next week, means next or the week after that according to GR.

However I am prepared to wait for decent news. I assume RHA is improving by each day.

I can understand pi's are twitchy about placings. Though it's not placings, which necessary concerns me, but consolidation at some point in 2018.

GR has to perform now. No room for error on that. This is his last chance to convince the pi's and the market, he can actually manage a project.

[whites123] 01/12/2017 14:48

Renewable energy... Battery Power.... Todays news tesla switched on biggest ever Lithium battery.... Hmmmmmmmmmmmmmmmmmmmmmmm

EMH THE LARGEST EUROPEAN LITHIUM DEPOSITS.

EMH : European Metals Holdings.

Year High 84p Fund Raising at 36p Todays share price 40p Despite announcing Europes Largest Lithium resource. With so much talk and chat about Battery powered cars etc, where is the Lithium going to come from.

Early bird catches the worm etc etc.

European Metals Holdings Limited (LON:EMH) (ASX:EMH) has announce a further upgrade of its JORC compliant Indicated Mineral Resource at the Cinovec Lithium/Tin Project in the Czech Republic, confirming its status as the largest Lithium resource in Europe.



· Drillhole CIS-9 returned one of the best results of the Company's drilling program to date: 204.6m averaging 0.44% Li2O, (and within it 70m@0.58%Li2O; 13m@0.19%Sn, 6m@0.58%Sn, 3m@1.02%Sn and 0.179%W).

· Drillhole CIS-8 returned a continuous relatively high-grade lithium mineralization interval that includes multiple zones of tin and tungsten mineralization: 152.5m averaging 0.41% Li2O, (and within it 3m@0.52%Sn, 6m@0.12%Sn and 0.077%W, 7m@0.14%Sn).

· In the eastern part, the best results are from CIS-7, with 45.5m averaging 0.37% Li2O, and 102m averaging 0.31%Li2O, with strong tin and tungsten credits (11m@0.24%Sn and second interval includes 12m@0.17%Sn and 13m@0.16%W).

European Metals CEO Keith Coughlan said "We are very pleased that not only have we competed the planned drilling program on time and within budget, but that the results are excellent, in particular with respect to the two infill drillholes on the western part of the Cinovec South deposit. These drillholes intersected strong lithium mineralization with significant tin and tungsten contents. The results from this drilling will allow the Company to convert additional resources to the Indicated status and further optimize the Cinovec South mine plan. The geological and resource model upgrade is now underway."




FURTHER INCREASE IN INDICATED RESOURCE AT CINOVEC SOUTH

European Metals Holdings Limited ("European Metals" or "the Company") (ASX & AIM: EMH) is pleased to announce a further upgrade of its JORC compliant Indicated Mineral Resource at the Cinovec Lithium/Tin Project in the Czech Republic, confirming its status as the largest Lithium resource in Europe
The Company has recently completed a four-month drilling campaign at Cinovec South, comprising six core drillholes for 2,697.1m meters, with the goal of closing 'gaps' in the existing resource model in and around the initial planned mining areas and upgrading part of the resource from the Inferred category to the higher confidence Indicated category. The results, summarised below, are satisfactory and exceeded expectations.
· For the entire Cinovec deposit (South and North), the drilling added 39.4 Mt of Mineral Resource grading 0.41% Li2O and 0.04% Sn (0.1% Li cutoff), or 220kt tonnes of lithium carbonate (LCE).
· Majority of resource increase (97%) is at Cinovec South where initial mining is planned.
· The Indicated Mineral Resource category increased by 7% to 372.4Mt@0.44% Li2O.
European Metals Managing Director Keith Coughlan said, "This drill program targeted areas of low historic data density with the aim of bringing these areas, which lie adjacent to the planned initial mining area, to Indicated Resource category so they can be used in the ongoing definitive feasibility study. The drilling was a success with some large areas of higher grade mineralisation defined in the target area.
On the back of this resource upgrade, we have commenced an optimisation of the mine design. When complete, this will allow finalisation of a grid drilling program for upgrading parts of the Indicated Resource to Measured Resource to facilitate the definition of proven reserves for the definitive feasibility study that is progressing well."

[donald tramp] 01/12/2017 14:12

I have it on very good authority that it's Friday afternoon.

[dodge city] 01/12/2017 13:08

Surely he's been bitten by a Puff Adder.

[edgein] 01/12/2017 12:58

Dr j,

Very sorry to hear that if true, she must have had a long run as GR is no spring chicken himself. No rush, we'll likely the get news this side of Christmas and hopefully get the Zulu JV sometime early next year. And the long list of pending assays as and when.

Regards,
Ed.

[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.