Premier African Minerals Share Discussion Threads

[doctor 69] 12/3/2018 10:02

Just gone better , excellent start to week , but way way undervalued

[doctor 69] 12/3/2018 10:01

Two on bid level 2 strong , peel on bid

[forwood] 12/3/2018 09:43

Ihnc, you have a line in gratuitous offensiveness that prompts a strong reaction. So as sick as you may be of my loose talk I will not bother to read anything you say in future, as I have now filtered you.

[ihavenoclue] 12/3/2018 09:12

forwood ... if you think there is very little difference between 'imminent' (next day or two) and 'the near future' (could be weeks or even a month or so) then I do feel sorry for you and wonder how deep your head has been buried in the sand over the last several months.

In December, which seems a bit far for you to think back, GR made a big thing of what 'imminent' means in a podcast so to use that word again shows you do not understand the situation. For you to say there is very little difference it shows you are ignorant of what is going on as far as people being able to slam PREM.

I have seen it going on for months on other threads when some say news is imminent and it just plays into the hands of the derampers when nothing happens and I am getting sick of people doing that week in and week out. If you want to add fuel to their BS then please do continue embellishing what GR states in podcasts.

I have to apologise as I was under the understanding that you were capable of an adult conversation but "pedantic imbecile" shows you are not.

All the best
IHNC

[driver101] 12/3/2018 09:02

J
No but there is a similar one EUA

[jungmana] 12/3/2018 08:33

Is there a cheaper resource stock on aim today?

[doctor 69] 12/3/2018 08:00

Got another 1 m

[doctor 69] 12/3/2018 06:38

Forward , you may be correct in your assessment of ihavenoclue

[forwood] 12/3/2018 04:27

Heaven's sake ihnc! I was paraphrasing what he said and, I maintain, reasonably accurate. Eg, unless you are a pedantic imbecile, there's very little difference between 'imminent' and 'in the near future'.

[ihavenoclue] 11/3/2018 18:48

dplewis1
11 Mar '18 - 09:49 - 8305 of 8308
0 0 0
Anyone investing freshly here must enjoy setting money of fire for a hobby. This whole debacle of a company needs a bullet in the back of the head and then everyone can move on to actually investing to make money, rather than financing this pipe dream.

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

'setting money of fire' ? Is English not your first language.

Thank you for your pointless opinion ;)

[the bull] 11/3/2018 13:54

Well done the Doc, nice accumulating at this level. I wish I waited till now before I got my lot. I cannot commit any more funds to this though, has proved to be too risky. But I did like the pod cast, mind you like the others ones too

[driver101] 11/3/2018 10:34

d1
I wish I was investing for the first time, I've got to see .5 before profit. Very confident we will see that very soon.

[dplewis1] 11/3/2018 09:49

Anyone investing freshly here must enjoy setting money of fire for a hobby. This whole debacle of a company needs a bullet in the back of the head and then everyone can move on to actually investing to make money, rather than financing this pipe dream.

[jungmana] 11/3/2018 09:03

We invested about $29m into RHA and are getting about 40% more shares in the project for that. How much does that value the RHA project in total ? Approximately $70m. Just shows how insanely undervalued prem is at £13m (0.20p share price) market cap

[doctor 69] 11/3/2018 08:24

I took my holding back up to 30,000,000 as this has got to be a big multi bagge , will buy more tommorrow

[driver101] 11/3/2018 07:09

Plus from G Eye

RHA Tungsten APT mine, At full production capacity: From the underground mine: " With 10,000 tonnes of ore feed into the plant from underground mine, (if RHA can get an average of 4.72 grade) would give PREM US $1,027,072 per month (10,000 ore x 4.72 grade = 47,200kg or 4,720 MTU wolframite x US320 (APT price of Tungsten) x 0.68 (32% discount to noble)) From the open pit: " With 30,000T ore feed, (if ore grade average is 2.37), would give PREM US $1,547,136 per month (30,000 ore x 2.37 grade = 71,100kg or 7,110 MTU of wolframite x $320 (APT price of tungsten) x 0.68 (32% discount)) Overall (total from both underground and open pit as planned) " With 40,000T ore feed rate producing 11,830 MTU of wolframite x $320 (APT price of tungsten) x 0.68 (32% discount)) = PREM $2,574,208 before costs, per month. According to PREM FAQ, breakeven is 4,770 tonnes @ $220 ($1,049,400) We're awaiting fuller further update figures for the open pit any day. The figures for open pit costs are currently incomplete. Below, these are given as the same (probably more expensive costs) as the underground. For purposes of future pricing targets. Say 11 months production (allowing 1 month's maintenance) US 2,574,208 x 11 = US28,316,288 (against 12 months at breakeven (US $12,592,800) = Profit of circa $15,723,488 (@ Current APT price $320) PE ratio of 10 = Mcap (For RHA alone) US $265,454,200 or GBP �198,281,015= share price 3.05p All in my own opinion. So let's say we own 51% after the NIEEF re-alignment - this amounts to a cool $8m profit per year as a free ride and more if the price of APT wolframite continues to rise (which looks likely). With a PE ratio of 10 - this amounts to say US $80m or GBP �57m For share price adjustments this is 0.87p or 4.5 times the current share price

[forwood] 09/3/2018 19:13

Podcast says:
Prem's 20m loan to RHA will be converted to shares, taking Prem to a 90% holding.

Advanced talks re Zulu to bring in partners to develop project - announcement imminent.

Circum close to IPO to enable finance to take it into production. No constraints on Prem's holding there

Categorically no fund raising being progressed at this time.

SP has been driven to a very attractive level in terms of prospective project values, hinting at potential takeover target.

What's not to like?

[jungmana] 09/3/2018 16:21

I agree mate

[ihavenoclue] 09/3/2018 16:15

For me Zulu DFS in 10 - 12 months was the biggie :)