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PREM Premier African Minerals Limited

0.22
-0.005 (-2.22%)
Last Updated: 10:15:52
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Premier African Minerals Limited LSE:PREM London Ordinary Share VGG7223M1005 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -2.22% 0.22 0.21 0.23 0.225 0.22 0.23 80,696,564 10:15:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Minrls,earths-ground,treated 0 -5.36M -0.0002 -11.00 50.24M
Premier African Minerals Limited is listed in the Minrls,earths-ground,treated sector of the London Stock Exchange with ticker PREM. The last closing price for Premier African Minerals was 0.23p. Over the last year, Premier African Minerals shares have traded in a share price range of 0.1525p to 1.02p.

Premier African Minerals currently has 22,836,049,123 shares in issue. The market capitalisation of Premier African Minerals is £50.24 million. Premier African Minerals has a price to earnings ratio (PE ratio) of -11.00.

Premier African Minerals Share Discussion Threads

Showing 16101 to 16125 of 30000 messages
Chat Pages: Latest  648  647  646  645  644  643  642  641  640  639  638  637  Older
DateSubjectAuthorDiscuss
24/5/2019
11:04
Is this another one of Napom's that will be answered but GR will ignore most of it ?
ihavenoclue
22/5/2019
22:03
from the LSE BB which i am sure most have seen.

4. Do you not think £300K pa + £400K pa travelling expenses is rather over the top for a loss making, mess of a company due to poor BOD decisions. How about £30-£40K + £8K travel expenses, is that more reasonable? And no reduction only to be paid in shares at 50-80% of todays price

Dear Prem BOD,

Whilst we do really appreciate the open communication with shareholders we feel it left a lot of unanswered questions. Blame on the LSE bulletin boards was unfair because shareholders only discuss that in the RNS. We have had poor communications previously and thus opinions are far ranging. Yes there will be those not invested or have hidden agendas but actually the majority just want to work with the BOD to make a difference in order return to a more stable and higher share price

On that note please can we get some clarification on the following questions:

1) What is the genuine plan for Zulu to get it drilling by month end? It has taken many years and dilution for assets/investments such as Circum and TCT but no real progress at Zulu after the previous drilling. What has taken so long? Why was the KME issue only released late to market through a podcast and then an RNS when this would have been known after the RNS about the KME deal not going ahead? It would be good to get an insight into how we are finally going to get some asset value here. Too long and frustrations on this asset are high.

2) The suggestion of Circum sale was based on the fact that we do understand the process. We were able to buy them in the same situation. Unless the progress at Circum means we never have to raise from shareholders for DFS (IPO very soon only viable option) It would be interesting to see what price we could get and ask Shareholders for their opinion on it. We have to avoid placings or asset purchases but focus on the core assets.

3) We would like to know when you expect the RHA board be finilised and a site visit booked? We do not need detail of every meeting just informed of progress often. A probable timetable (yes I know you get chastised for this) would be helpful.

Being upfront with Shareholders regularly will prevent Bulletin Boards from being a place for agenda and influence. It will become and open and honest communication tool to support in key decision making and debating key issues. It is important that we share views from all to allow us to work together to create a company long term shareholders deserve after their patience.

If this could be replied to as soon as possible, that would be appreciated. We would like to thank you again for replying quickly to our previous request and we welcome the future of more open communications with all shareholders.

Regards,

Premier African Shareholders

the bull
19/5/2019
11:04
KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

cpap man
19/5/2019
10:55
My broker Interactive Investor will be increasing fees again from june 1st.

If anybody can recommend a cheaper broker let me know.

I am considering going to iweb-sharedealing(Halifax) for a fixed £5 a trade or X-O(Jarvis) for £5.95, neither have monthly, yearly, or inactivity fees like ii

ii intend on billing me £9.99 a month when I dont always trade every month.

carlsagan1
17/5/2019
19:10
Clearly someone on the LSE Board hasn’t talked to the company lately. If they did they would have know that GR has been trying to sell our circum shares for close to a year now and there have been no takers...

Let’s see how well napom does in trying to suppress this latest burst of frustration from shareholders. He’s done an amazing job in the past so....

valhalla2017
17/5/2019
15:17
3 trades! things are heating up!!!
valhalla2017
17/5/2019
10:17
what happened to GR's update to shareholders about Circum?... I'm sure it's in the post along with the 6 mil :)
valhalla2017
16/5/2019
15:02
Ted, I like your thinking now if you just added including a review of previous years like the taxman can he'd owe us a bloody fortune :-)
moljen
16/5/2019
14:49
Simple short answer The Bull is - no he's not worth his salary!

His salary should mostly be linked to performance and success in my view. KPI's and all that!

Whether I'm misjudging the Government remains to be seen.

tedoby2
16/5/2019
12:49
I stand corrected, 4 trades. someone call Faud!!!
valhalla2017
16/5/2019
12:10
I hope GR mentioned all this insane volume in his meetings with Circum. I know last year he was pitching to them to RTO into PREM :)....

Today, I think there's been like 3 trades, and almost 5k worth of trades. that's some serious stuff. I don't have time to check 'most active by volume' but I'm sure with that much volume we are sitting top 5, if not top 3.

on a serious note, I'm sure GR can't wait to tell us the due to the power issues there have been unexpected delays. once he does that, he's done for the year.

valhalla2017
15/5/2019
19:01
I would not at all be surprised to find out GR has a gambling habit and a love for the horses. Have seen it before with AIM companies.
the bull
15/5/2019
18:58
I think Ted gives the Zim government too much credit for being organised and professional. Anything could happen. It's a bloody fiasco.

Simple question to Ted, is GR worth his £300K salary whether owed or paid in shares. If I was retired, I would be happy to get involved for no fee and just expenses covered and that would not be business class flights, top hotels and clubs etc. Maybe we have some shareholders that could operate along those lines?

The company seems to me to be drifting towards the end game which is not the end most shareholders would want.

the bull
15/5/2019
18:43
Ted - re kme I’m sure you know that HBR and KME are the same folks. Also, ask around who sits on the HBR/KME board. Then think about the proposed (and abandoned)deal, the recent rha discussions, the decision not to drill etc...and I can tell you for a fact that there will be no other driller. Actually I can guarantee it.

And I’m not so sure that I’m naive. I’ve called this correct pretty well over the years. And there is a serious chance the money doesn’t come in. Everyone thought the kdnc money was in the bank. What happened there?

Like I said, hopefully the rain jacket deal comes through.

valhalla2017
15/5/2019
18:01
Val if you honestly think the next step is an RNS that tells us the $6m investment has been cancelled you're more naive than I give you credit for.

The Government are unlikely to invest in RHA without some appendices being in place that facilitate post contract governance.

I can't say for sure but it's not unreasonable to imagine the Government needing a statement on how the $6m will be managed and who will be managing it. What the $6m is for and an analysis of the costs in elemental terms. A further cost analysis in currency terms with there being at least three currencies in the mix. Cash flows are also likely to be required for the investment period and more importantly a mechanism for reporting against all these aspects.

Again I imagine you will know this but since the MA execution Prem as Manager under the MA will have been busy preparing these appendices for the Government to agree and incorporate.

I'm guessing it's a process that could perhaps take around four weeks or so. Right now I would say the balls in the Governments court and subject to their workload could be concluded anytime soon.

To imagine there's a problem with the finance is naive and far too premature.

AIMHO of course.

tedoby2
15/5/2019
17:40
Val you make things too difficult to follow. Especially for a simpleton like me! Ha. ha.

I'm sure you know this but there are two types of breaches of contract. One is a material breach and the other a repudiatory breach which in terms is far more serious. A repudiatory breach gives the aggrieved party a choice of either terminating the contract immediately or to affirm it.

Most often it's not in either parties interest to pursue a presumed right to terminate through the courts for validation. It's too long winded and expensive. The 80/20 rule of sensibility often applies. In other words if it's likely to cost £80 to get £20 why bother.

So with this in mind and you can relate to this why do you say an alternative driller is not an option?

tedoby2
15/5/2019
15:54
So I heard through the grapevine that GR is meeting with that rubber jacket company next week to talk numbers. Once we can secure a steady supply of rain jackets (at a significant discount due to our equity position in the company) I think the brakes are finally going to come of the share price and this will fly.

the only small issue with taking the equity stake in the rubber jacket company is that it might delay the release of the annual accounts. at this point the only entries are GR's salary and his travel/hospitality expenses. but I think getting suspended for a third year in a row is a small price to pay for the significant savings we will have on the rain jackets.

valhalla2017
15/5/2019
14:02
Bull - I'm honestly thinking that might be the case now.

The problem is what does GR do now to continue to collect a salary. PREM is short on cash and he was hoping for a mini spike last week so he could do a placing. No spike, no placing, so not sure where that leaves GR...Maybe this is why he's trying with all these Circum 'discussions', trying to manufacture another mini spike....

valhalla2017
15/5/2019
13:34
I wonder if the next rns is cancellation of the $6M deal with the zim government
the bull
15/5/2019
12:36
So much agreement with that statement. Shambles this stock has become
gaddy88
15/5/2019
09:47
GR should take an immediate salary cut and I don't mean reduced and then paid back later or in shares. £30K is about right for now until he can prove himself. Its getting to the stage when the whole board need to be sacked and shareholders appoint someone to find out the true state of the company.
the bull
15/5/2019
09:29
ted - saw your post on lse about about finding another driller if the talks with KME fail. not sure if you've had a chance to talk to the company about that but if you haven't, then you should really do. having another driller is not an option.

like I said, the prem/kme situation is a little complicated. and I don't just mean they can't agree on a fee for the drilling....

valhalla2017
15/5/2019
08:30
I was once duped into buying shares in this company by talk of world-class assets, unfortunately managed by a universal clown!
goodgrief
15/5/2019
07:01
Going private!!!!!!!
aidenabettin
15/5/2019
06:40
There you go another contract thats about to be annulled.

Mind you GR keeps drawing his £1000 a day, which he is very much entitled to, the guy is a genius how he has spun this out for so long, oh and let's not forget his £1000 a day travel expenses as well.

Why anyone keeps buying this POS is beyond me, but GR loves y'all to those who do 😘

donald tramp
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