Premier African Minerals Share Discussion Threads

[vitec] 12/6/2019 11:16

The large trades today say to me that they have raised money via issuing shares and these are being sold into the market. Why else would anyone be selling at these levels!

[aidenabettin] 12/6/2019 10:55

PREM going private!!!!!!!

[valhalla2017] 10/6/2019 13:34

8 mil shares traded today! that's like 7k worth of trades. I hope GR mentioned this level of liquidity when he met with Circum. With this kind of volume I think the RTO is back on!

[the bull] 07/6/2019 23:49

Who was this smilemore character posting 100+ times a day. These sort of people come and go and cannot be trusted. Whats the story about him

[goodgrief] 07/6/2019 18:02

Re. Proactive, I recall we were ALL disappointed a year last Xmas!!

[valhalla2017] 07/6/2019 17:53

you still on this multiple id's nonsense.

you, napom, and smilemore just go around in circles accusing people of multiple ids while GR collects a salary, does nothing, and continues to fleece investors.

[the bull] 07/6/2019 16:07

for my own benefit later tonight

www.proactiveinvestors.co.uk/companies/stocktube/13670/premier-african-ceo-would-be-disappointed-if-rha-not-producing-this-year-13670.html

[valhalla2017] 07/6/2019 14:57

I think that was GR's best podcast to date. I have a feeling mal on the lse board is giddy with GR's assessment that the company is doing nothing at the moment and it's next step is to dilute shareholders to buy some assets outside of Zim. Go PREM!!!!

[the bull] 07/6/2019 12:16

market cap now under £6M, starting to wonder if the assets are real

[ihavenoclue] 07/6/2019 10:17

Awwww Moljen ... it's ok x

lol

[moljen] 06/6/2019 18:50

Vitec - apologies for X, texting other half on phone at same time and on auto pilot. Nearly did it again just now with this message :-)

[vitec] 06/6/2019 15:07

Taken fron Cadence's final results. This may help and explain why they walked away from Premier and why Premier hasn't had anyone breaking down the door to get at Zulu.

I have not posted for a long time but I am still here with my holding.



Lithium Market Review

In the early part of 2018, we saw several negative forecasts for pricing, based erroneously on the "wave" of supply from current expansion and several other assets forecast to come online; these analysts still fail to understand the industry. In making this forecast, they have applied some of the most optimistic factors to construction and commissioning and applied a linear approach to growth curves, which for a disruptive technology such as EV's, is inappropriate.

Our forecast suggests that there could be up to 800kt lithium compound demand by 2025. The big caveat to this is that supply comes online in time and projects gets financed. It is the latter point that Cadence sees as the largest constraint to EV adoption. In essence, there is a pipeline of projects which would allow the penetration of EV's of 25%. However the vast majority of these do not have financing in place, by our estimates there is some US$15 billion to be invested to hit production targets and in addition given the timelines to production it seems unlikely that there will be enough supply to deliver 800kt of lithium per annum by 2025, which will mean continued supply constraints.

We continue to see plenty of evidence demand growth; Benchmark Mineral Intelligence is now tracking 49 battery mega-factories, up from just 2 back in 2014. The combined planned capacity of these plants is 658 GWh. To put that into perspective the total lithium-ion cell demand in 2017 was estimated at 100 GWh.

By most of the measures in supply and demand dynamics, whether it be constrained supply chains, strong product pricing or build out capacity for the product, the long-term outlook for lithium and lithium compounds remains strong.

When we look at pricing over the period, several detractors will point to the drop in the price of Lithium compounds in China. The reality is that Chinese pricing was influenced in part by brine projects in China needing to sell below battery grade lithium carbonate to fund operations. To us, the most representative pricing of battery grade lithium carbonate is from South America where pricing continued to increase over the year and currently trades between US$13,000 and US$15,000 per tonne of battery grade lithium carbonate.

Investment Review

The lithium sector 2018 was marked by some analysts forecasting a wave of supply of lithium compounds and a long term softening in the lithium price. These forecasts, which we fundamentally disagree with, has meant the market performance of many lithium stocks has been poor.

The lithium market has softened considerably during the year with the Global X lithium ETF dropping by 30% over the twelve months to December 2018, with some lithium developers and producers dropping up to 71% over the same period.

Our investments were not immune to this softening, and our principle two investments in Bacanora Lithium and European Lithium reduced in price by 77% and 56% respectively. This, in turn, was reflected in our share price performance, which reduced by 62% over the period.

[valhalla2017] 06/6/2019 08:59

So where’s the news? If prem spent GRs travel and expense money on drilling rather his dinners and shows, we’d be halfway to DFS. Oh well.

[ihavenoclue] 05/6/2019 13:11

Give it up

[doctor 69] 05/6/2019 12:31

Big trade News coming?

[bradbury3559] 05/6/2019 11:26

Come join the party #BBSN

[valhalla2017] 05/6/2019 08:52

GR sighting update. GR was seen grinning like a Cheshire Cat on Princes st this morning. Everyone can draw their own conclusions as to why ;)....

[donald tramp] 05/6/2019 08:48

Zulu must be a Red Herring, all this Lithium acquisition going on, plenty have looked at it for certain and passed. If it was that good (according to GR) this minnow would have been gobbled up a long time ago. Only other possibility if it is that good GR has rebuffed offers until it goes private when he has milked his very last $ out of it, which doesn't look that far off.