Premier African Minerals Share Discussion Threads

[doctor 69] 20/2/2019 20:59

Valhal , you know you may be wrong and this may hit 2 p

[valhalla2017] 20/2/2019 17:45

Apologies - was running between meetings all day. learning from the best:)!

Gotta say, serious stuff from GR today. no detail, vague timelines, etc...I liked it better when he used to say '48 hours'. And a whole 8% up from a very very low level.

Did you see prem's tweet about an exciting year ahead? I think they tweeted the same thing at the start of 2018. and the start 2017. :)

[the bull] 20/2/2019 17:04

come on fellas, this has to be good news, however, when the money hits nobody knows and could just drag on and on. GR should state a deadline and if not met, walk away. You can see how this could very easily fly though should the money hit

[billthebank] 20/2/2019 16:19

Intriguing RNS today.On the face of it all looks good but just have a nagging suspicion there is a sting on the tail. Hopefully not but market clearly has reservations.Thought this news would have seen a scale up here? Let's see what the next 10 days brings?

[doctor 69] 20/2/2019 15:37

Val we are missing you

[napom] 20/2/2019 15:16

Val - your not posting as much this morning...must be running out of bs to say.

[doctor 69] 20/2/2019 14:59

If zim got can give the money in stages , no need for placing

[ssrover] 20/2/2019 14:57

I'd expect the Zim Gov to provide the required funding ($6mil worth of Zim Bonds) in return for a reduction of the $20mil+ outstanding balance owed to PREM from RHA. The equity position will likely stay the same (51% Zim 49% PREM) which is fine by me if RHA can FINALLY turn a profit.

Next news of actual deal terms and 4-5month plan to get RHA back into production should really get the share price back to a fairer valuation. This will obviously help with the proposed HBR acquisition and the inevitable placing to fund PREM at group level. I hope GR gives the share price a chance to move but I fear the need for cash at group level will drive timelines around the next placing. The race is on.

Technicals looking decent, bounced off the daily MA50 and had a crack at the MA200 earlier. Closing above this would bode well for further upside. Volume is good but RSI looking pretty lofty.

[ssrover] 20/2/2019 14:56

#PREM - 2019 will be a big year here!!

💥RHA Agreements drafted & signed
💥Receipt of funds from Zim Gov
💥Zulu land mass increase from 3.5 - 200km
💥Funds from Circum £10m+
💥RHA Production
💥Zulu DFS
💥Gold Production
💥New Management Team

[ssrover] 20/2/2019 14:55

this will be 0.3p over the coming sessions.

[banksy] 20/2/2019 14:50

Some real mugs investing here. Rinse and repeat

[cambradjones] 20/2/2019 14:13

100 % gain in the last few week for anyone brave enough, well done.Not me though !

[doctor 69] 20/2/2019 13:33

Just adding again, if we also get Zulu massive size increase , we are going to fly .

[johncasey] 20/2/2019 12:41

there is only one stock worth buying in zimbabwe and thats Vast resources...the ex ceo of Marange mines is on vast's team plus other geologists who worked for Marange..that diamond mine is worth billions..it pays to do your research instead of diving in like demented lemmings

[johncasey] 20/2/2019 12:38

ironveld up 15% today...quality stock in production..quality iron ore

[aidenabettin] 20/2/2019 11:56

Put me down for the delisting

[bushranger] 20/2/2019 11:51

Do not be fooled. Massive dilution about to be announced that or delisting from AIM. Zimbabwe is broken and broke and does not have millions to give to PREM. This latest RNS says nothing regards to Zim financing. The finace will come from/ be asked for of PIs. Read the RNS. " representatives from the Ministry of Industry, Commerce and Enterprise Development, a general agreement has now been reached on issues affecting the financing and return to production at RHA " An aggreement on the ISSUES AFFECTING the finacing" NOTHING to indicate Zimbabwa are going to put their hands in their pocket and give millions to a shambolic loss making company. Read the news gold mines in Zimbabwe are questioning their viability as the government cant provide the cash. Is this why Honey Badger wanted PREM to by their non- productive gold mine...when productive ones question their own future? Invest in PREM or flush your money down the toilet...same difference.

[valhalla2017] 20/2/2019 11:40

Yeah I’m good why? Up 8%....might finish flat. This is just gr trying to drum up volume to do the placement. Last year he also said an agreement was in place. And nothing happened. How is this different? Remember the 48 hours? Ha. It’s all the same. Expect the spikes are getting smaller and smaller.

[johncasey] 20/2/2019 11:18

you are better off buying Ironveld...just had funding..offtake agreement imminent

[johncasey] 20/2/2019 11:14

obvious placing coming...pump and dump

[ssrover] 20/2/2019 11:13

£10m circum incoming + production revenues!!

[jungmana] 20/2/2019 11:12

No money left in the kitty but he still has authority to issue another 1bn+ shares. Just wait and see what he does . And then he is seeking authority for more shares to fund his new gold play.I think I will set up my own AIM company soon. An easy way to live a good life.

[ssrover] 20/2/2019 11:12

O/T HUGE news.. back into production soon... look where its fallen from.. fallen from 1p to 0.15p...

Amazing news for a company that was on its knees. #PREM's assets have never been in doubt - Cash management and s board decisions have been the issue. For anyone who listened the podcast
💥This deal just RNS'd includes $6m
💥GR stepping down
💥£10m Circum incoming

[ssrover] 20/2/2019 11:11

going back into production with government support is HUGE.. look where its fallen from.

this should mulitbag from here short term as more details are announced