Premier African Minerals Share Discussion Threads

[valhalla2017] 30/4/2019 13:03

GR already tried this with the newco deal. Just throw some new paint on prem and try and fleece new investors

[bushranger] 30/4/2019 12:46

PREMs value is again below one tenth of one pence. It was using/ burning shy on 200k per month middle of last year. It tried to curb these cost by going into 'sleep' mode and defering costs. So how much of the last raise of 400k is left. After backpayment of money owed probably not much. This company is a shambles. It has squandard shareholder money like there is no tomorrow. Share count is now in the billions through constant dillution. Repeated raises on the back of deals that never come to fruition. For the last two years in a row PREM has bern suspended from AIM because it has not had its accounts in order in time. I sold out at 0.56p for a small loss. At that time the same people promoting this stock here and LSE were saying it would shoot to 1.0 - 3.0 p some even suggesting a lot more. Now they are just as optimistic about it reaching 0.2-0.3p! Yet PREM is in a much dire position. That anyone thinks the shambles that is PREM is going to be handed $6 million by Zimbabwe is delusional. Thats why it has bern talked of for so long but never appears. The only option I see for PREM is a share consolidation with further fund raise. Anyone holding PREM shares when that hapoens will lose big time, and the whole sorry show will try to be carried on again with a new group of mugs.

[valhalla2017] 30/4/2019 12:31

insane volume!! biggest day in prem's existence and we've had 4 trades. ha. the market clearly believes in GR's ability to deliver!

well at least this week will finally put us out of our misery. 6 mil comes in, and we see .2s (maybe even .3s). 6 mil doesn't come this week and this crashes and no amount of GR webinars will help anymore.

[valhalla2017] 29/4/2019 23:26

Well today was a little of a damp squid. Let’s see what tomorrow brings! I hope GR brings those extra pens....

[johncasey] 29/4/2019 13:34

MASSIVE!

RNS Number : 4171X
Alba Mineral Resources PLC
29 April 2019
Click on or paste the following link into your website browser to view the associated PDF document (including maps and images):




Alba Mineral Resources plc

("Alba" or the "Company")


Sampling Results Indicate New Areas of Gold Mineralisation at Clogau


Alba Mineral Resources plc (AIM: ALBA) Alba (AIM: ALBA), the diversified mineral exploration and development company, is pleased to report the first set of results from the 2019 soil sampling campaign being undertaken within the Company's 107 km2 licence area in North Wales. Alba's Clogau Gold Project hosts the high-grade Clogau-St David's gold mine as well as the extensive regional target known as the Dolgellau Gold Belt.


Highlights


· Results have been obtained from 525 samples from the ongoing 1,200 sample programme.


· Multiple gold-in-soil anomalies have been identified away from the existing mine area and not associated with historic mine workings, averaging 0.006-0.17 ppm (at a 0.005 ppm cut-off), including one sample at 0.65 ppm (0.65 g/t).


· Average grades for two of the new anomalies are well above the average gold-in soil grades for Clogau-St David's and the other historic mine areas.


· Anomalies have been identified across multiple geological units and outside of the traditional Clogau Shale target.


· Gold mineralisation has now been confirmed across ~4 miles along the strike extent of the Dolgellau Gold Belt.


· The current 1,200 sample programme is due for completion in the next couple of weeks, eventually covering a strike extent of ~7 miles along Dolgellau Gold Belt.


· Thereafter, the soil sampling programme is likely to be extended over the coming months to cover a number of other identified regional targets.


· Rehabilitation work to the Clogau-St David's mine is due to commence imminently, followed by underground exploration.


· The pre-application enquiries process has now been initiated with the local planning authority.


Alba's Executive Chairman, George Frangeskides, commented:

"These results are really exciting. We have identified multiple gold anomalies along an expanding strike extent of the Dolgellau Gold Belt, with some of those anomalies occurring in areas where there are no significant historic mine workings. This is potentially very significant, in that it supports what we have been saying since the beginning of our involvement at Clogau, which is that the Dolgellau Gold Belt is a vastly under-explored region, and as such there is a strong possibility of unearthing significant new areas of gold mineralisation, as well as potential extensions to the areas of previously exploited high-grade mineralisation."

"As for the re-opening of the Clogau-St David's Mine, our work advances at pace, with rehabilitation work about to start at the upper level of the mine and then moving to the lower level. We have also now initiated the formal pre-application enquiry process with the local planning authority, which is the precursor to the submission of a full planning application in the coming months."


Soil Sampling Programme

Ongoing soil sampling and geochemical analysis is being carried out within the Dolgellau Gold Belt with samples generally collected at ~20 m intervals on lines ~200 m apart. This exploration programme is the first of its kind, utilising modern-day exploration techniques, that has been undertaken on the Dolgellau Gold Belt since the first discovery of gold and base metals there during the 18th century.

The current field programme complements and expands upon the orientation programme that was completed in the summer of 2018. During that orientation programme, soil sampling was undertaken in the area above and immediately adjacent to the existing Clogau-St David's mine. This confirmed the presence of an associated gold-in-soil anomaly and thereby confirmed the validity of the exploration technique which is now being rolled out across extensive regional targets within the wider licence area.

The exploration field team is being managed and supervised by SRK Exploration Services, with support from Alba's technical team. At each sample location, a sample is being taken from the B soil horizon (subsoil) by hand auger. The results from the current programme have been taken from a total of 525 soil samples and were submitted for assay at the accredited ALS laboratory in Ireland. To date, including the 130 samples collected in the summer of 2018, results have been received from a total of 655 submitted samples. The team is on schedule to complete within the next few weeks the collection of the planned 1,200 samples in aggregate for this phase of the regional exploration campaign.

[moljen] 29/4/2019 13:08

D69 - I'll second Val's thoughts and likewise will eat a pile of humble pie if proved wrong. Unfortunately history is on our side and I can't see it changing.

[valhalla2017] 29/4/2019 12:33

If this moves to 1p I'll eat all the humble pie you want. until that point, GR is driving this company into the ground with his decision making. and now our only hope lies in a gov't that is bankrupt and has strung prem along for the last year and a half.

and all this chat about RHA. you should chat to GR about RHA. it's an afterthought for him. his main focus is zulu and HBR. the only reason he cares about RHA is he thinks that if this 6 mil ever happens he can place into the spike to buy up HBR. RHA has never been even close to being profitable. and it won't.

[doctor 69] 29/4/2019 12:01

Valhalla , have you nothing better to do .You realise when the money comes in and they double and move eventually to 1 p , we will remind you of your endless negative posts

[valhalla2017] 29/4/2019 10:56

so the start of biggest week of prem's existence and we have had 4k worth of trades. ha!

the last time GR promised good news, he surprised shareholders with the NEWCO deal. I wonder what terrible and shareholder value destroying idea he'll come up with this week....?

[oldsnrtom] 28/4/2019 21:35

Racey and Kev and David Greece Aim pumper dumpers are in Nuog since Fri £130,000


Nuog goes bust within 4 weeks folks.

Open offer will fail

Undersubscribed

They owe £4,000,000

Ability to only raise £1million

Novum have lost a big investee.

Google it.

Epilson investments.

Get out if you have holdings there!

BT

[oilhey] 28/4/2019 17:30

smiley the class snitch. ha ha what a sad act..pathetic

[oilhey] 28/4/2019 17:28

I for one will not hold my breath, i have witnessed the countless missed deadlines and poor judgement that has encumbered this company.

[barnetpeter] 28/4/2019 10:32

He also had a suitcase of cash with him....probably. No particular reason. He just likes to look at prem shareholder money every now and then. Also he likes to buy new human drinking vessels. Mugs. He has certainly made a mug out of me....

[valhalla2017] 28/4/2019 10:02

Oooh. The anticipation. Sounds like GR has landed in Zim. I heard from the border agent that GRs carry-on was just a pair of sunglasses and two dozen pens. If nothing else, the man is prepared!

[wallyjumblat] 28/4/2019 08:51

Crazy situation here, got a CEO getting paid handsomely for destroying shareholder value, if he goes then this will multi bag which will then earn him money for doing SFA,you couldn't make it up and really
boils my pish.

[shapido] 27/4/2019 23:16

What kind of news?

[shapido] 27/4/2019 23:16

He is getting paid either way

[moljen] 26/4/2019 17:11

Can recommend a good game lodge in Mozambique :-)

[valhalla2017] 26/4/2019 15:45

well let's hope so cause if there is no news, this will crater by weeks end. but GR doesn't mind either way, weathers good in Zim, so he might go on safari.

[doctor 69] 26/4/2019 11:50

Guys I reckon , you are incorrect , I suspect news next week

[valhalla2017] 26/4/2019 11:08

has the 'would not want to be out of this over the weekend' trade already run out of steam. no worries. GR has packed his bags and is off to Zim for more 'meetings'.

go prem!