Premier African Minerals Share Discussion Threads

[jungmana] 20/10/2019 11:06

Personally I will only believe the EPO has been granted to prem when I see the rns. My view is why would the Zimbabwean government grant an EPO for such a huge land area to a company that is broke and cannot even manage to continue exploring the original 4sqkm Zulu area?Since January GR has been claiming that EPO will be granted soon and still nothing. But for now the hype has created a great trading opportunity as others said.

[cpap man] 20/10/2019 10:57

KAV

By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!

[valhalla2017] 20/10/2019 10:57

If this spikes to .5 I would guess it’s a bit more than that for most lths.

[oilisgold] 20/10/2019 10:51

Well Zimbabwe is a difficult country to get things signed on time. All the hype and excitment is good for PREM. PREM always has been a traders share, volume and rises can be life changing for many here. I dont trust GR at all but hey its easy money here. 10k to 20k or even 30k is possible at the moment.

[valhalla2017] 20/10/2019 10:46

It was last week until it wasn’t. Maybe it’s this week!

[andrewsr] 20/10/2019 09:15

I'm not sure about the economics of the carbonate option, but it's likely to have suffered from similar price reductions for the end product. It would be interesting to see an up-dated summary of the scoping study.
I think it's possible OM or their parent company may back into Premier just for their plc status, board links and other projects, but not necessarily related to the EPO.
IMHO the share price may get a boost from confirmation of the EPO, but I can't see a major getting involved at this stage. It's maybe something to keep ticking over in the hope that spodumene/carbonate prices improve.
Still, Circum is due and RHA is looking promising. So maybe it will all come good in November/December for all 3 projects.

[doctor 69] 20/10/2019 08:38

Andrews I am not an expert but the carbonate route with an enlarged area with epo will make this very profitable .My understanding is a Zulu deal is coming

[andrewsr] 19/10/2019 18:28

It's nearly 2 years since Premier did their scoping study for Zulu and have only had the failed interest from Cadence.
In 2017 for one option, they used a spodumene concentrate price of $800/t, it's now about $550-620/t. They quoted total operating costs of $773m and revenues of $1095m. So it's not currently viable.
There may be a confirmed EPO next week, but who in their right mind would put millions into a dodgy spodumene project at the current spodumene price, even if it was the biggest in the world?

[cpap man] 19/10/2019 09:41

KAV

By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!

[oilisgold] 18/10/2019 18:33

Its AIM buddy. There is no such thing as Long term holder. LTH in AIM is normally those that got spiked and couldnt get out. Been there done it and have all the scars. Never again i said but greed is an evil thing. Regardless of what everyone says or thinks, i reckon there will be a massive oppurtunity for many LTH here to exit at breakeven or even a nice profit. Dont waste this oppurtunity chaps. All companies that operate in Zimbabwe will get the same oppurtunity

[doctor 69] 18/10/2019 18:08

Oilis , agree prem can readily do a 100% plus with the rns

[oilisgold] 18/10/2019 17:57

0.15p to 0.3p is no big deal. 15million to 30million market cap. Loaded up again for a similar Rinse next few weeks. I dont trust GR at all but love these rises.

[oilisgold] 18/10/2019 17:55

This does move fast. I remember on LSE a day before a lot of us were bashing GR . The next day it did over 100% rise and many of us made a killing. Thise that stayed in got a pounding after pounding as the share price kept tanking. With PREM 100% day rises are normal, no big deal.

[oilisgold] 18/10/2019 17:53

Well this is PREM lads. Brace yourself for a pounding by GR. I remember saying the same few years ago and then last year as well. Pattern is the same. A huge rise followed by decline and then the final rise before GR does some sort of financing and share price Tanks. Reckon next week be the final chance for LTH to exit.

[1hopper] 18/10/2019 17:24

The RNS will come when it comes, if it comes at all!Just chill your bones. I long ago wrote these shares off, if they come back it's a bonus for me.

[bestofbest] 18/10/2019 16:25

Monday RNS

[johncasey] 18/10/2019 15:29

IRONVELD'S moving...buy out?

[upgrade1] 18/10/2019 14:10

imho - these should finish +20%

OOPPSSS got this wrong sorry
maybe monday

[nick rubens] 18/10/2019 13:35

It's been years and years of investment and drilling. Lets get a return on all that investment please.

[gerrym two] 18/10/2019 13:26

Jammy we love you !!

[upgrade1] 18/10/2019 13:22

.20 before close

[doctor 69] 18/10/2019 13:19

Is there a leak?....