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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.004 | 1.78% | 0.229 | 0.22 | 0.23 | 0.225 | 0.22 | 0.23 | 114,859,545 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Minrls,earths-ground,treated | 0 | -5.36M | -0.0002 | -11.00 | 50.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/9/2019 11:37 | What is also certain is Neil Herbert, who is now on the board of directors at PREM and is also the current Chairman of MNH and its subsidiaries which operates the Otjozondu Manganese Mine, will not be joining PREM if MNH could not raise the funds they need to buy the Purity plant and equipment. I believe this is a good indicator that things are on track and this I believe is the first bit of the jigsaw that needed to happen first before Neil deciding to join PREM. The next step I hope is for George to step down as CEO of the company. | jack239 | |
20/9/2019 11:28 | won't really comment on Circum. but you might want to check out what Chris Fraser had to say recently about bond markets for early stage potash players. anyway, you should post on lse. that's the active board. here it's mostly just me and my posts are a light hearted running commentary of GR's ability to collect a fat salary while producing almost nothing for shareholders. long may it continue as the material is too good to be true. have you checked out the recent annual reports. so many interesting nuggets like that loan to Brendan.... | valhalla2017 | |
20/9/2019 11:16 | good to hear that MNH is doing well. increases our chances of the seeing the monthly repayments starting in January 2020. mind you, we have to remember that for the entirety of 2020 the repayments are just the original 1 mil that GR gave to MNH. he could have just sold 1 mil worth of shares and put them in a savings account. | valhalla2017 | |
20/9/2019 11:09 | What is certain is the Circum divi to be distributed to shareholders which was RNS'd on the 30th Aug 2019. If you own 5mil shares which you could buy for £1.5k today, a circum divi payout of 0.1p for example would give you £5k in return + your holding. Even a divi payout of 0.05p, you are more than doubling your initial investment. | jack239 | |
20/9/2019 11:01 | Of course this all just my opinion and nothing is certain until its RNS'ed. | jack239 | |
20/9/2019 11:00 | At the time of the RNS on 8th July, MNH needed the funds to pay for the plant and equipment which I think they now have. No doubt there will be an RNS out soon to confirm this. According to the Otjozondu presentation, they aim to start to ramp up production after acquiring the purity plant and equipment on Month 3 (Oct 19). | jack239 | |
20/9/2019 10:46 | interesting. and not taking anything away from your research/info but I'd rather rely on GR's own words which are pretty clear in that RNS. it's a loan and MNH need the money. | valhalla2017 | |
20/9/2019 10:42 | MNH didnt anticipate that the PREM share price would be this low, though I believe they have sold some from the first tranche of the loan looking at the trades. Let say, for example, they have sold 700mil shares for 0.032-0.035p, that would have given them over £250k or $300k and a total of $650k from the loan. 2 months of revenue in July and August would have given the other $650k they need to pay for the plant and equipment. | jack239 | |
20/9/2019 10:30 | They need $1.35m to fund the plant and equipment they need to increase production from 5k tonnes to 38k tonnes in 2 years. They have the $350k cash from Cambrian. Since the loan placement to MNH was announced on 8th July, 3 months of production since then would have produced over $2mil in revenue. Operating cost will be low for a manganese mine because its all open pit. Worst case scenario $1mil in profit. They already the funds needed to buy the plant and equipment. | jack239 | |
20/9/2019 10:19 | "The loan to Otjozundu will enable it to conclude the purchase of significant additional plant and equipment from the nearby Purity Mine to allow Otjozundu to steadily increase production and revenues." these are GR's words in the July 2019 RNS. | valhalla2017 | |
20/9/2019 09:58 | I dont think they are borrowing from prem - prem is investing into the manganese mine imo. | jack239 | |
20/9/2019 09:45 | If they have revenue of 750k/month why did they have to borrow 1 mil from a broke miner? and the loan was issued in prem paper. so if they haven't sold any why take the loan in the first place? | valhalla2017 | |
20/9/2019 08:19 | *0.045p not 0.45p | jack239 | |
20/9/2019 08:17 | New shares issued to MNH was at 0.45p, dont think they are selling at current levels. Selling at 0.266p at about 60% discount would be crazy to sell. MNH are currently producing revenues of $750k a month. They are not desperate to sell. IMO I believe they will convert what they owe to prem into equity in the manganese mine. | jack239 | |
20/9/2019 06:48 | But why buy now? In two months the share price will be sub .01 so you can buy much more for 1.5k. | valhalla2017 | |
19/9/2019 18:08 | Check out #PREM RNS on 30th Aug 2019. If you own 5mil shares which you could buy for £1.5k today, a circum divi payout of 0.1p for example would give you £5k in return + your holding. Even a divi payout of 0.05p, you are more than doubling your initial investment. | jack239 | |
19/9/2019 18:07 | KAV Kavango’s three projects in Botswana offer an excellent diverse potentialfor the discovery of nickel-copper-PGE, copper-silver and rare earth deposits. Listed on the Main Board of the London Stock Exchange (Standard List) - (KAV.L) The Kalahari Suture Zone (KSZ) Project, a 450km long N-S magnetic structure of continental proportions, is a large scale nickel, copper, cobalt and PGE group exploration project in the southwest of the country. It is similar in its geological setting to the giant Norilsk deposits in Siberia. Kavango recently completed two phases of airborne electromagnetic surveys covering over 4,000 line-kms in the northern part of the KSZ. Numerous conductor anomalies were identified and located on the ground; drilling of the most prospective targets is planned for late Q3 / early Q4 2019 The Ditau Camp Project (Ditau) is a 7km long magnetic body with corresponding geochemical and gravity anomalies approx. 50km west of the KSZ structure. It is one of 10 significant ring structures in the two Ditau licences. Two recent drill holes and the discovery by Falconbridge of a carbonatite in the area indicate a large area of alkali intrusive bodies. Carbonatites are generally associated with rare earth minerals. Whilst the Company continues to add value to the project with some low cost (within the current budget) geophysical surveys at Ditau, the medium term plan is to attract a joint venture partner. The Kalahari Copper Belt (KCB) extends in a northeast-southwest direction for at least 1,000 km from western Namibia to north-eastern Botswana. The KCB contains known sediment-hosted copper-silver deposits two of which are currently being developed into mid-tier copper-silver mines. Kavango will carry out geophysics surveys and soil sampling to identify copper hosting anticline structures. The KCB Project is the subject of a recently signed MOU with a private Botswana company, who hold two strategic but unexplored PLs in the KCB area, whereby Kavango can earn an interest in the two licences by spending funds on exploration. Conclusion Kavango’s three projects in Botswana, the Kalahari Suture Zone, the Ditau Camp Project and the Kalahari Copper Belt, offer an excellent diverse potential for the discovery of nickel-copper-PGE, copper-silver and rare earth deposits. Botswana is recognised as the best jurisdiction in Africa for business and with the Company’s very experienced management team the chances of success are high. | cpap man | |
19/9/2019 18:00 | A 20mil holding in PREM would give you £20k in return if circum divi is distributed to shareholders at 0.1p + your holding. | jack239 | |
19/9/2019 17:46 | If you own 10mil shares, a circum divi payout of 0.1p for example would give you £10k in return + your holding. Whats not to like? | jack239 | |
19/9/2019 15:50 | Will we hit all time lows tomorrow? you betcha! but have to say I'm a little surprised by the constant drop in the share price. I thought the shareholder group was vacuuming these up. Maybe they got wind of GR's next move and decided against buying at the moment... | valhalla2017 | |
19/9/2019 14:07 | #PREM RNS on 30th Aug 2019 about the Circum investment is good news to all prem holders. Potential divi between 0.05p to 0.1p to be distributed to prem holders if circum shares are sold between $2 to $3. | jack239 | |
19/9/2019 10:17 | also, just checked and it's .029 to buy in bulk. must be all those shorts closing :) | valhalla2017 | |
17/9/2019 17:51 | Just got off the phone with the company. Get ready for an exciting update. 1. GR is now checking the mail box twice a day for correspondence from the Zim Ministry. 2. One of GRs cousins will be staying in the spare bedroom (where prem has its office) so that decreases the prem admin costs in half. 3. Following today’s sxx news about the poor state of bond markets, GR is planning to impair Circum. In summary a mixed bag. We should seen an rns explaining the admin savings this week. Can’t confirm but I think the cousin is brining his tv and fax machine. | valhalla2017 |
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