Premier African Minerals Share Discussion Threads

[donald tramp] 14/2/2019 22:03

He's acquired it purely for the reason above The Bull, it's a prefect fit for George.

He can spin this out for a couple of years, conning fresh investors about how good the project is, "world class" etc etc.

He has bled RHA and Zulu as far as he can , he needed a new story to spin, he was stuck as no one was going to give the little piggy anymore money otherwise. It will now be full steam ahead with this project, which means raise after raise after raise after raise after raise, which translated means money for George, money for George, money for George etc etc

He should be investigated, really he should.

He is 100% a con man.

[valhalla2017] 14/2/2019 16:45

napom said he was buying this afternoon. trying to figure out which of the buys was his...but I have to say that looking at the size of the buys he's not as confident in the company as he claims to be...

[donald tramp] 14/2/2019 15:05

Its just more share dilution and waffle to try and confuse thats all this is. Now he can keep raising for the new project for the next couple of years to bring it into production which will never happen, meantime the con man George has secured a couple more years salary and 300k a year travel expenses.

Rinse and repeat.

How many more times before some of you wake up and smell the coffee ffs!!

[valhalla2017] 14/2/2019 12:00

If in 2018 you said that in 2019 prem would have an MC of 7m and was planning to raise 4-5 million at 0.085 a certain few would call you a troll. And yet when GR announced that today they are like ‘great thinking GR. excellent decision to buy a non performing gold asset’

GR doesn’t have to think about revenue cause he always have the retail market. That’s his revenue stream ;).

I hope investors vote no. And see him in court.

[the bull] 14/2/2019 10:19

Just when we need money, they buy more stuff. This Honey Bee company don't even produce yet, how much are we going to have to fork out to help that get to production

[doctor 69] 14/2/2019 10:14

I really like this plan , we are really going places and can be relaxed when circum comes in whenever

[valhalla2017] 14/2/2019 09:40

This is also the perfect GR announcement. More meetings, no progress, GR gets to stay on as CEO and collect a salary. and round and round we go.

also mal on LSE is my fav. in 2020, he will still be like 'well if Circum didn't happen in 2019 it must happen in 2020'. AIM CEO's love investors like mal. without them who would continue supporting lifestyle companies.

[the bull] 14/2/2019 09:36

So more shares to buy more assets, where is the working capital to run all this, he just keeps digging the hole bigger

[goodgrief] 14/2/2019 08:40

Like every other plan GR has had? Deluded!

[doctor 69] 14/2/2019 08:38

I am very relaxed , we now have a plan , so this will turn out good

[bibdaddy] 14/2/2019 08:28

Seems like the markets trust GR too. Down 4.5%

[pwhite73] 14/2/2019 07:53

barnetpeter - "Could have let the company go into admin and buy the assets for a song."

Absolute rubbish. As the assets are in Zimbabwe if PREM went bust Mnangagwa and his hench men would have seized the lot.They met yet still do it when the mine is up and running.

[pwhite73] 14/2/2019 07:48

Whatever level you buy at new shares will be issued under that price so they can take a chunk of your money. The price is 0.085p not 0.85p. Lying barnetpeter AGAIN.

[barnetpeter] 14/2/2019 07:46

GR has always been a contender for worst CEO on Aim even with all the competition.....but this is a bit better I think. Could have let the company go into admin and buy the assets for a song. Might still do of course....

[barnetpeter] 14/2/2019 07:44

I think it is 0.85 not 0.085?


Yes fair deal here......dilution but the alt was zero so he may as well gamble now.

[valhalla2017] 14/2/2019 07:41

I thought napom said GR wasn’t going to raise at this price? ;) Ha.

[banksy] 14/2/2019 07:38

You've got to give him credit, he's relentless! Now another $5.1 million share dilution coming ... when will it stop!

[1madmarky] 14/2/2019 07:37

Same old BS

[tomboyb] 14/2/2019 07:37

equity dilution at 0.085p or 5 day average -

Considering the current share price i think it may well be at 0.085p -

[jungmana] 14/2/2019 07:34

Yes seen the second rns too. Another acquisition to be settle in shares. More dilution once all the KME nonsense is settled.GR never changes

[doctor 69] 14/2/2019 07:32

Jungmana Have you seen second rns

[jungmana] 14/2/2019 07:23

Rubbish rns. With the financial crisis in Zimbabwe such tgat the government can't even provide basic services how are they going to fund RHA?Recently one of the biggest gold miners in Zimbabwe called RioZim had to shut down 3 mines with over 2000 employees affected.With problems from such big miners in the country on top of other major issues who is going to care about RHA?This is just more waffle from GR am afraid.

[doctor 69] 14/2/2019 07:23

Wow second rns

[bibdaddy] 14/2/2019 07:14

Call me a cynic but I find this contradictory. Initially the RNS states
'the Company is now in discussions with the Ministry of Industry, Commerce and Enterprise Development ("Ministry of Industry")'
Later GR states '"We are pleased to have had further correspondence from the Ministry of Industry, and welcome the proposed financial commitment from the Ministry of Industry to assist in bringing RHA back into production.'

Being in discussions and having proposed financial commitments are two hugely different statements.

Maybe I just don't trust GR!