Premier African Minerals Share Discussion Threads

[doctor 69] 14/2/2019 07:14

This is firming up the government comitment to getting rhabprofitable

[banksy] 14/2/2019 07:12

More waffle from George. Meaningless

[valhalla2017] 13/2/2019 17:26

Only 6 weeks to go until UKIS!!! I have a feeling there will be a nice little 5-10% in there for traders in advance of the show. The LSE board will be full of 'GR is waiting for UKIS to release the big news!'....

...problem is they said the exact same thing about last years UKIS. and I can guarantee you GR released no news. He also left Faud to man the booth on his own. ha!...

[dmitribollokov] 13/2/2019 14:35

Who cares? GR is still getting paid, that's the main thing...

[valhalla2017] 13/2/2019 12:33

call it a hunch :).

The reason plans change all the time is cause there's nothing really on the table. GR just says stuff so he can continue the charade, do placements and continue to collect a salary. This is purely a lifestyle company for the Roach clan.

[the bull] 13/2/2019 11:29

Where did you see this update. Their plans seem to change all the time, one minute they close a great deal with cadence on zulu and then that deals off the table and its better to fund it via newco. Then the government money will fund it, now circum. All if's, buts and maybes, meanwhile cash must be dwindling and the risk increasing. Plans do change and should be it all seems a bit desperate

[valhalla2017] 13/2/2019 10:47

So another small update. sounds like NEWCO is no more. Apparently the market didn't see the amazing value that GR did in an all Zim miner with a poor past record and an unproven management team. :)_

So GR is shifting direction again. Now he is waiting for Circum in order to place into the volume. This is to fund RHA/Zulu.

Let's see what comes first. Circum or PREM running out of money...

And the best part. due to the size of the placing it will completely negate the share price increase. well that's not the best part. the best part is that GR will have the money in the bank to keep collecting 30k/month.

[valhalla2017] 12/2/2019 11:51

Wally - you should just read the lse board. They’ve been posting ‘circum imminent’ for the past 24 months. That seems like it’s more your style of board.

[wallyjumblat] 12/2/2019 11:21

Val,
You really are a sad man FFS get a life your embarrassing yourself.

[valhalla2017] 12/2/2019 08:59

GR is not magically making the working cap from the last raise stretch into 2019. He’s just accumulating IOUs.

GR has never been about effective cost management. This is a lifestyle company for him. Travel, expenses, dinners.

All this delay in the placement just means that when it happens a large chunk of it will go back to paying off the IOUs and not towards moving the company forward. It’s just how GR works.

[bushranger] 11/2/2019 17:39

In my opinion if there will be a raise prior to any Circum IPO. There will only be a promise of what might be to temp PIs to throw away good money after bad. Yes some of the 'in' crowd and rampers might make some money but yet again many private investors will get burnt. If the raise is not just straight up it will be with the proposed seperating the toxic ticker of PREM as a seperate company with Circum assests. NEWCO will take all the raise money to keep GR and team in a job and continue the charade of running a company yet all the while dilluting shareholders to death. NEWCO will involve massive shareholder dilution. So why would anyone in their right mind invest? Circum will be held out as the carrot. People will pay over ghe odds falling for the lie of missing out if they don't. They will be very disappointed. PREMs ramp club will continue to pump the lie though.

[doctor 69] 11/2/2019 17:10

Bush ranger , you seem a bit too excited on here. Whether there is a placing or not that is not important medium term , what matters is circum and government investing . So you guys harping on about a placing is like saying we eat turkeys at Xmas . I accept a placing make come but likely with some good news for the well being of shareholders medium and long term

[bushranger] 11/2/2019 15:52

doctor 69 -Your statment was 100% false/ misleading. Vals statment is relevant as there has been a sudden surge on Twitter, LSE from the known pumpers. Factual posts being removed and people blocked who do not join in. I agree with him placement coming very soon. You accuse someone being wrong for over a year when in the next post you admit to being a liar?!?

[doctor 69] 11/2/2019 15:27

Yes , but constantly posting there is a placing coming s just pointless

[bushranger] 11/2/2019 15:00

Doctor 69- As PREM have had multiple placements year on year last one being for 750k for working capital in August 18 which was to last only till Dec 18! Directors loan in Jun 18 converted to shares in Nov 18 ( a placement), and before that a raise in March 18! It is you who seems to need a history leason. Perhaps if you just read PREMs own RNSs would be a good start. Next placing well overdue. PREM again according to there OWN RNS are next looking to raise £4.5M..yeah right. At todays price thats at least 4500,000,000 ( 4.5 thousand MILLION extra shares.

[doctor 69] 11/2/2019 13:54

Valhal ,Can you not give it a rest , you have talked on a placing for a year , one year. you will be correct

[valhalla2017] 11/2/2019 13:02

another tweet by @Premafrimin re Circum. That confirms GR is trying to get volume to get the placement off.

[bushranger] 11/2/2019 09:59

" I realise that but why would he throw another £300k in IF it was going to go pop shortly ?" IHNC - My thoughts would be, firstly, GR thinks he can continue the PREM gravy train indefinately. Share price has been ridden into the ground from 3.0p at one stage to now 0.1p. Newco would involve a share consolidation which would bring share price to a level dillution could begin again. Second, the loan had a £30,000 pound fee attached ?? payable to GR? I am assuming. The loan was initially secured against ARCM shares as they were close to being equal value at the time of the loan. These shares value dropped sharply. It was then that GR converted the loan to PREM shares. Coincidence? Where has GRs salary to pay 300k come from? Where has the money for company expenses for travel/ meals etc come from? PIs money thats where.

[bushranger] 11/2/2019 09:08

LSE BB and Twitter in overdrive promoting PREM. Raise is most certainly needed. August RNS stated PREM raise gave enough working capital until December 18. LSE / PREM crew? removing a lot of posts that are negative.

[valhalla2017] 11/2/2019 00:39

Looks like GR is trying to drum up some volume with all this ‘circum ipo’ rumour. Whenever that happens you know GR is trying to get a placing off.