Premier African Minerals Share Discussion Threads

[seagull676] 25/1/2018 16:01

I think an important thing that hasn't generally picked up by investors is that he spoke to 'his friend' on a day that he had meetings with Circum and anyone who has done their research will be very aware of his friend there!

[cambradjones] 25/1/2018 15:24

Sounds simple Doctor . Lol.

[dmitribollokov] 25/1/2018 15:14

why not 50-bag ?

[doctor 69] 25/1/2018 12:49

cambra , it was very clear at the meeting

George was thinking again because
1. a close friend said think again
2. shareholders all said dont do it

all very simple

Vitec , it will take time expect it , but in the end all wil lbe good and we will 10 -30 bag from here with a bit of luck .

[cambradjones] 25/1/2018 09:39

vitecSeems to be conflicting opinions on lse about the seperate listing for zulu.A few saying gr has done a u turn and it is now staying within Prem ???

[blewco] 25/1/2018 08:50

Anybody know if there's a report or video of the meeting, thanks in advance.

[vitec] 25/1/2018 08:35

George said it was getting a separate listing.

PREM could be like the proverbial bus and issue news in three's. Expect news on RHA, expect news on Circum and expect news on Zulu. Sadly, it seems the only news the market wants immediately is for George to step aside from the day to day running of PREM.

When CEO's think of doing this they want to hand over the reins and give their successor the best start. Clear the decks so to speak. More to the point who would the successor be? If it is someone recognised within the mining community and has a reputation for getting things done and added and extracting value then personally as it stands right now that will be the best possible news as everything else can flow from there.

I am tired of saying lets see what happens over the next 2 or 3 months. George must be acutely aware that many shareholders are tired and don't want progress reports they want actual progress. I am not selling any of my shareholding but continually going from one month to the next is disheartening and I do not blame anyone for selling up and moving on. It is just when you think this that coincidentally news starts to flow. Come on George gives us something to get our teeth into. You promised a deal on Zulu last July and now a separate listing. I know these things don't happen overnight but a "progress" report at least would be comforting.

[cambradjones] 25/1/2018 08:18

So is Zulu being kept within Prem or not ???

[jungmana] 24/1/2018 19:32

My high school teacher first told me; generalisations are often false.

[andrewsr] 24/1/2018 19:31

Some explorers succeed, many fail, we're all aware of that, even if it's a revelation to you.

You're way off the mark for the RHA mine - it was an existing mine and was running until recently stalled operations to resolve the ownership and funding issue. No major would be interested in picking up the pieces if Premier were forced to walk away, which IMHO is extremely unlikely. It's only really suitable for a small operator like Premier.

The capital required for Zulu is not particularly massive and could be developed as a spudumene concentrate ($64m) by the likes of Premier. Your generalisation might be applicable for deep mines requiring hundreds of millions to develop, but it's not really relevant to a product in high demand and a very shallow deposit. A major may be interested in the lithium carbonate option if the resource is big enough, but they wouldn't be interested in a small scale spudumene concentrate operation.

Plenty of majors off-load licences which are too small for their high opex costs and are successfully developed by small operators, e.g. Hummingbird, there must be plenty others.

If a major was interested in a world class lithium resource they're not going to wait years for the existing operator to go bust or take years or decades to develop themselves.

[the bull] 24/1/2018 16:52

Mike_F, yes i know the target was 0.5M at first and they took 1M but they had to shut it off early as it was well oversubscribed indicating they could have got more. How much more only they know I guess. I would imagine most inc me are regretting participating now anyway. I just hope the next few announcements get us back to where we were

[doctor 69] 24/1/2018 16:13

Bionic , Clearly you weren't at the meeting yesterday

[bionictwat] 24/1/2018 15:00

Next week for more fundraising

[mike_f] 24/1/2018 13:14

He did The Bull, he doubled the amount!

[the bull] 24/1/2018 13:05

he should have raised as much as possible on the last primary bid fund raiser, no more of those please until some progress

[the bull] 24/1/2018 13:04

from reading the lse thread, doesn't look like anything is coming for a while, not sure I felt that comforted reading the meeting posts

[mike_f] 24/1/2018 12:52

Agree IHNC, steps need to be RNS'd for any rise to occur.

[ihavenoclue] 24/1/2018 08:15

Vitec... Not sure why there will be a spike when in reality it is just more talk about different ways to take the company.When steps are taken to realise this THEN we may see a rise in the share price IMHOThe market will no longer react to the musings of GR. We need progress not ideas.

[doctor 69] 24/1/2018 08:00

Buying started

[mike_f] 24/1/2018 07:33

From the reports I've read he will be looking to become a non exec. Apparently his words jokingly were "tea boy". So the running of the company will be in the hands of a new CEO.

[the bull] 24/1/2018 00:23

no real news till the rns then, then you can all divulge the finer details

[vitec] 23/1/2018 22:02

I believe I said that he would split the role. Let's see if he actually does it. Expect some sort of spike then a fall back until "real" news is given.

[doctor 69] 23/1/2018 21:54

Not really just wants to split the role from chairman