Premier African Minerals Share Discussion Threads

[ihavenoclue] 03/1/2018 10:01

escape ... can you point out in that the words "red flags" and "bargepole" ?

[mcpaulas] 03/1/2018 09:59

If their 49% is not making a profit,then neither is the 51%.So 100% ownership would still mean no profit,and a bigger loss.ZULU is big but its in the ground and will need a huge investment to get it to production.I think PREM is very close to the end game with just an asset and no more money to move forward.

[dmitribollokov] 03/1/2018 09:57

I did ihnc and you were popmous and indignant with me too.

[driver101] 03/1/2018 09:55

Good post from lse

Garden - eye
Because within that time frame (1 year) we will almost certainly JV with Zulu - (top five largest Lithium mines in the World in case you had forgotten -in the midst of a tidal wave of lithium demand with the electric revolution going on around you). Worth £billions. We'll almost certainly see something going on at Circum where our current mcap is now probably worth less than equal to the 5% holding we have whether it be a listing or a sale - go and see how the business is doing at the smaller neighbour at Danakili - tell me what their market cap is... ...who knows and there is every chance RHA will be producing APT close to $1m per month - that is what is scheduled leading into H2 this year anyway. RHA is exceptionally close to full production but it is an unbelievably difficult commodity to get right. Being the second hardest rock on the planet the abrasiveness is troublesome. It has caused a lot of stress and it takes time to understand the nature of the stone and how the plant works, that has taken the time. There is now plenty of stockpile both from underground and the lodes or open pit - it's ready to go. I believe GR is sorting out the 49%/51% issue which is now completely out of date and belongs in a different era. Good for him. It is a very sensible move to figure out new terms with the Govt before fully showing your hand. It takes money to build a plant and a mine, money to drill holes, money to sample the rock, money to analyse rock data etc etc etc. and you will find no cheaper equivalent Tungsten mine built in the last 10 years. Anywhere. GR has made some shocking financial decisions along the way but I don't necessarily fault him. He has been advised very badly imo. but there again it was almost impossible to get funding in the old Zimbabwe... These are 3 serious tier 1 mining assets at the bottom of a fairly well acknowledged commodity bull run... NOTHING IS PRICED IN (Possibly CASA and the other assets..) That would see PREM in the 0.3's not the 0.2's. (and that is realistic, its not fantasy) This 0.02p is insane. I have every right to think that this is the most unbelievable bargain in the history of mining, I've done my research, I'm happy with that. Been happy with my VRS call at 14p and FFWD call at 10p. Working now - so probably wont respond -don't post often, I'm invested now from a long time back and have absolutely no trading agenda, -(unlike, it would seem, most of the posters (traders) on here who do nothing else...?)

[escapetohome] 03/1/2018 09:44

bushranger - 02 Oct 2017 - 09:27:11 - 4915 of 7745 Premier African Lithum/Tantulum/Tungsten - PREM
"A fool and his money is parted easily".

This share is rated 3 out of 100 on stockopedia with a classification as "Suker Stock".

In July this share was suspended from AIM because the company could not prepare their accounts on time. At the end of October TCT IF purchased and heralded as a great deal that will be self funding and provide good cash flow to PREM. Less than a year later it is sold off. Repeated dillution required to keep the company funded. Some traders will profit from the the loss and misery of others.

[ihavenoclue] 03/1/2018 09:37

bushranger ... I don't remember you posting on here at all and least of all talking about red flags and warnings but for the sake of argument let's just pretend you did.

What did you warn us about in September that has actually happened ? You act like the company has gone bust and you are here just to gloat but it hasn't gone bust.

Also you say September ? Why were you not here last January to warn us when the share price was at exactly the same level as it is today ?

I will be adding you to my filter list but I just want to hear what you foretold 3 months ago before I do. It is clear you have an agenda and if you could learn how to spell "SUCKER" it might remove the very low IQ aspect to your posts.

Best Regards
IHNC

[12bn] 03/1/2018 08:40

The Chinese are buying into Lithium companies at premium prices and Lithium prices increased last year due to increasing demand. The Chinese,Suay Chin Intl,invested £4m into Kod at 0.38p a share,despite the share price being much lower! They know that Lithium is the future,temmujin/maestro is just an idiot.

[pooler1] 03/1/2018 08:29

The Zim government are broke, can't see how they will give anyone money, it would just open up a can of worms. They still owe the IMF from previous loans and can't keep up the repayments and not allowed any more loans.
Don't know if anyone else has heard the rumour that Zim may sell their 51% stake in the miners to the Chinese (not sure if in all the mining companies or a chosen few).
Not sure if that would go down well or if any debt would be passed on to the Chinese as well.
But then again it is Zimbabwe and anythings possible......

[temmujin] 03/1/2018 08:26

new battery technology will replace lithium soon..get out while you can

[bushranger] 03/1/2018 05:38

I posted the below obsevrations in October on this BB, after warning in September that I saw three key red flags that make this a bargpole stock and led me to sell back then at a loss (but much better off than I would be today). The same old nonsense is spouted by people supporting this share, fools or rampers. Funny that after the TCT fiasco now the next saviour of PREM..RHA is a failure and may be flogged off? GR is now moving on to Zulu. Will he fleece investors for the next year with promises of riches regards it only to see admit failure again...oh wait theres still circum!?! Read my below post from October and open your eyes.


"A fool and his money is parted easily".

This share is rated 3 out of 100 on stockopedia with a classification as "Suker Stock".

In July this share was suspended from AIM because the company could not prepare their accounts on time. At the end of October TCT IF purchased and heralded as a great deal that will be self funding and provide good cash flow to PREM. Less than a year later it is sold off. Repeated dillution required to keep the company funded. Some traders will profit from the the loss and misery of others.

[bearhug2] 02/1/2018 23:00

Can I ask...What Are Prem paying Dattells for every month..Whats he done? Why is he here?..Strange hes still involved to say the least..

[driver101] 02/1/2018 22:50

Bit of an over reaction today IMO still happy to hold, so what we are not in profit yet it’s the beginning of 2018 not the end. Also not worried about a split I will hold both stocks like a few other shares that have done the same. Top up time tomorrow. Feel confident after the latest vid.

[y1phr1] 02/1/2018 21:56

So true ihavenoclue

[mike_f] 02/1/2018 21:53

Post from GardenEye on LSE:MY Reading between and behind the lines - GR is clearly delaying positioning PREM in a position of profit that enables NIEEF to start realising their contractual duty, i.e. to pay back PREM via profitability. PREM have clearly decided that they want to tackle the issue of the 51%/49% split NOW - BEFORE - the terms of the original agreement are met and before re-payment comes to them. If you think harder into this how can PREM possibly come into any collaboration with another firm, or JV or sale for example if effectively they don't fully own the mine? I don't think there is anything wrong with RHA at all, I believe that now the Govt has completely softened and changed its economic position they have realised that this must happen before RHA is seen to be profitable. That's all. All good skullduggery stuff. Interesting that Zulu is listing. Completely de-risks it away from PREM directly... I wonder if they want to do the same with RHA if they manage to get 100% ownership. I would... Very rambly - but hope you get the gist. all MOOVery possible IMHO.

[ihavenoclue] 02/1/2018 20:48

The stock market is such a fickle place and sometimes you have to stand back and look at the reasons you invested in a company and take the emotion out of it.

I bought into VAST last December and I paid 0.17p per share which I thought was good value. The next day they released news that there nomad was to resign and the share price dropped to 0.11p ... Great I thought, sat on a large loss after one day and everyone was slamming the Board and saying that VAST was going bust and then less than a week later better news came out and it rose to 0.32p so I had almost doubled my investment within 2 weeks when I thought it was a "back drawer share"

The stock market is a VERY fickle place and a villain one day can be a hero the next. What would happen if, in a few days time, there was news of a deal for Circum ? What do you think would happen to the share price ? The same people saying they want to 'smash george's face in' today will be singing his praises then.

The thing to do is not get pulled in with the emotion as you will make emotional decisions. I have done this before, and almost every time I have regretted it, so I know how easy it is to do but you just never know what might happen in a day or a weeks time so look at the fundamentals before making any decisions.

All IMHO
Regards
IHNC

[dmitribollokov] 02/1/2018 20:21

It doesn't say that in the rns barnetpeter, it says continuing drilling still yielding decent results.

For further drilling (which is to be expected and likely extensive and costly), they're just looking for an earn in partner to pay for the drilling so as not to have to dilute further in the new vehicle.

Maybe the new zim goverment is driving this.

Doesn't excuse the debacle that is RHA though.

[barnetpeter] 02/1/2018 20:06

all time lows today before small recovery. Dire news indeed and the zulu news is nonsense. Prem has no money left to develop zulu so what next? a placing at 0.1 maybe? fire sale perhaps?

hopeless management

[jungmana] 02/1/2018 20:05

Ihnc - i agree with you there. The reason i still hold is that zulu on its own is worth multiples of todays market cap. Will be a rough ride but imo i should at worst get my money back in the short to medium term as my average is about 0.4p.Good luck all

[donald tramp] 02/1/2018 20:04

Good post ihnc and good luck to you.