Premier African Minerals Share Discussion Threads

[noirua] 17/12/2019 23:35

Premier African CEO sees scope for greater stake in manganese mine project
6 December 2019


Premier African Minerals Limited (LON:PREM) CEO George Roach speaks to Proactive London's Andrew Scott soon after announcing they've taken a 10% stake in a manganese mine MN Holdings following the conversion of a loan into shares.

MN owns the Otjozondu mine in Namibia, which is currently exporting 5,000 tonnes lump ore per month at better than 35% manganese

[valhalla2017] 17/12/2019 22:27

In terms of next moves I think a couple punchy shareholders should tell GR that they won’t for the share increase at the next egm without one or two board seats. GR doesn’t have the votes anymore. And he has to increase the cap or prem goes bust. And with a board seat(s) shareholders can start righting the ship. Anyway. Food for thought.

[countdracula55] 17/12/2019 22:07

You know all these resources stocks do the same thing and still people dont learn from it....making money on aim comes from the initial pump, after that just get out or you loose it's that simple.Dont invest bec mms will play you along with bent CEOs.

[oilisgold] 17/12/2019 21:20

This should hit sub 0.05p soon and possibly lowest share price of the year. Thanks to GR for again giving all of us a nice festive present. So today another 25% got pounded. Can just feel how those that bought on the open offer are feeling. Your 10k is worth 6.5k in 2 days and worse still to come. Write off for me. Wish never averaged down. Could have used that 5k average down money to go on a holiday. Greed is what did it.

[donald tramp] 17/12/2019 18:23

Yes the may just have been the "dead cat bounce"

All the LTH's should have got out on the last spike instead of which the majority are now saying "why didn't I just sell'. It won't come good, but when you are in deep, taking the plunge to take the loss is very hard to do. Trading the markets is not easy. Anyone invested is trading, however you want to look at it, because at some point you want to trade out of your position.

“Never invest in a business you cannot understand.”

You all know who said that.

[rapidlyprogressing] 17/12/2019 16:58

https://miningzimbabwe.com/chamber-of-mines-hails-epos-legal-framework/

[citycanary] 17/12/2019 16:49

IMHO next RNS might be either a 'temporary suspension' or a delist from AIM. Probably best to cash out now if not already and watch developments from the outside and get back in later. You might miss out a bit on the gain but at least your capital will be safe to fight another day. GL to anyone still in.

[vitec] 17/12/2019 16:24

Never got to 0.25 from 0.02 so don't know how you got a 10 bagger!

Looking at the volume today you could assume that Goozee has been selling but who knows?

Does this surprise me? Not one bit. Roach is not entirely responsible. Zimbabwe is a disaster. Everything from currency, lack of water, lack of food, no electricity etc. Signing off an EPO is probably the last thing on the agenda for the president when you are having to tackle so many other major priorities.

Circum. How many times have we heard the liquidity event will be this date, then that date. It will happen but at what price?

RHA. White elephant. Always said so and nothing changes my mind.

Zulu. Great asset but no money to take forward. Anyone wanting to get involved will drive a hard bargain.

Trust. I do not trust Roach. Pure and simple. He says no more placings, dilution but that is speak for expect more placings and dilution.

MNH. Broke miner bailed out by another broke miner. May come to something but the reality is we took a 10% stake as they were unable to pay back the 1 million dollars in the same way that RHA cannot pay back the 20 million dollars.

[y1phr1] 17/12/2019 15:49

I sold out at 10 Bagger. Waiting for re entry probably be about 0.04

[quazie12] 17/12/2019 15:23

Worst management on AIM

[godolphin] 17/12/2019 15:19

It was .02 in October so 3 bagger. Hardly bad, in fact very good. I would say ICON is the worst but that isn't aim.

[jungmana] 17/12/2019 14:02

Heading for 0.04p in a week or 2 .One of the worst companies on AIM

[moljen] 17/12/2019 13:59

Bull - on what basis is Circum worth $6M to $12M? Last time a share transaction took place there there was only one pillock in to buy and that was at the lower end of your valuation. Circum is quite possibly years away, Dattels may have deep pockets to ride it out but we don't - what value a distressed sale which is where we will end up soon $1M, maybe? Probably just enough to cover the legal and accountants fees, its a minority stake in something that is as liquid as granite and worth diddly squat on it's own.

[leeb69] 17/12/2019 13:55

Unbelieveable .dilute shares by2% and share price falls by 50% in less than a week.GR you should be ashamed.

[the bull] 17/12/2019 13:39

Market cap of £5.5M is lofty when we have a circum stake worth between $6-$12M and a 10% stake on Namibia asset NMH, not sure that is so lofty

[banksy] 17/12/2019 13:05

Still quite lofty when u consider yearly low of 0,025

[enewman36] 17/12/2019 12:48

Some huge dumping today by the looks of it

[valhalla2017] 17/12/2019 12:45

.0699 to buy!

[valhalla2017] 17/12/2019 10:26

correction. .078!

[valhalla2017] 17/12/2019 10:26

0.079 to buy!