Premier Afr Share Price (PREM)

Share Name Share Symbol Market Type Share ISIN Share Description
Premier Afr LSE:PREM London Ordinary Share VGG7223M1005 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.19p 95,837,933 16:23:04
Bid Price Offer Price High Price Low Price Open Price
0.18p 0.20p 0.20p 0.185p 0.19p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.27 -14.53 -0.22 13.0
Related Shares
Rio Tinto (RIO), Glencore (GLEN), Richland Res (RLD), Mila Resources (MILA)

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Premier Afr News

Date Time Source Headline
15/8/201818:25UKREGPremier African Minerals Limited Placing - Replacement
14/8/201812:41ALNCPremier African To Raise GBP750,000 Via Share Placing (ALLISS)
14/8/201807:57ALNCFAlliance News Flash Headline
14/8/201807:00UKREGPremier African Minerals Limited Placing and Fully Funded RHA Drilling..
13/8/201816:40UKREGPremier African Minerals Limited Second Price Monitoring Extn
13/8/201816:35UKREGPremier African Minerals Limited Price Monitoring Extension
13/8/201814:05UKREGPremier African Minerals Limited Second Price Monitoring Extn
13/8/201814:00UKREGPremier African Minerals Limited Price Monitoring Extension
13/8/201813:30ALNCPremier African Minerals Proposal To Up RHA Stake Favourably Received..
13/8/201811:50UKREGPremier African Minerals Limited RHA Update
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Premier Afr (PREM) Discussions and Chat

Premier Afr Forums and Chat

Date Time Title Posts
17/8/201820:32Premier African Lithum/Tantulum/Tungsten9,346
14/8/201807:54The epic spiral of losses curtesy of George Roach16
17/5/201810:30PREM PREDICTION LEAGUE 2017/2018239
31/7/201716:04Beware 800m shs to be issued106
30/7/201715:31Welcome to AIM listed Premier African Minerals4,583

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Premier Afr (PREM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-08-17 15:35:220.1910,00019.00UT
2018-08-17 15:29:360.191,000,0001,900.00O
2018-08-17 15:20:390.1910,000,00019,400.00O
2018-08-17 15:18:290.182,000,0003,632.00O
2018-08-17 15:06:430.191,064,9622,000.00O
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Premier Afr (PREM) Top Chat Posts

DateSubject
17/8/2018
09:20		Premier Afr Daily Update: Premier Afr is listed in the Mining sector of the London Stock Exchange with ticker PREM. The last closing price for Premier Afr was 0.19p.
Premier Afr has a 4 week average price of 0.15p and a 12 week average price of 0.14p.
The 1 year high share price is 0.58p while the 1 year low share price is currently 0.14p.
There are currently 6,822,936,370 shares in issue and the average daily traded volume is 191,083,704 shares. The market capitalisation of Premier Afr is £12,963,579.10.
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16/8/2018
12:39		tedoby2: So we know that Prem are supporting Cadence going through their due diligence at the moment and the deadline for bringing that to a close is just over a week away. We also know now that the plan is for MauCo to produce Lithium Concentrate initially as it's the quickest route to market. But then move on to produce Lithium Carbonate which is far more lucrative. Those close to the company will also know that moves are already being made to increase the licensed area by as much as two or three fold. All very positive. As far as I can tell the main restriction to going the Condensate route will be the logistics in transporting the material from the mine to the rail terminal in Bulawayo of to a nearer one if possible. To my mind I can't see it being possible to transport more than around 250kt's/annum given the lorries have a payload 20 tonnes. Hopefully we'll see the mining plan being to produce far more spodumene than pegmatite initally with it being the more valuable. But only by a small margin it seems. The spodumene floatation results gave 6.5% Li2O content and the pegmatite marginally less at 5.95%. So overall excellent results. Not to mention one of the drill cores giving us no less than 4.5% Li2O which could be one of the best ever recorded anywhere. If all that's right and keeping the maths simple 250kt's of Concentrate will be processed from around 1.5m t's of ore at just over a 1% grade producing 15kt's of Li2O and from there the 250kt's of 6% battery grade Spodumene Concentrate. Current off-take agreements for 6% spodumene are being entered into at prices of around $1,000/t. But according to some analysts those prices could treble over the next two to three years. Being conservative if it doubles then the revenue to MauCo during the short Concentrate period would be around $500m annualised. With no corporation tax to pay initally the 2% Royalty will make little difference in the calculation and I believe the credit for the Tantalum would easily cover the small loss attributable to the Metallurgical Recovery rate so no adjustment needed for that either in my view. So with annual revenue at $500m and costs adjusted from the scoping study we could be looking at an "earnings" figure of at least $300m. From there using a P/E ratio of say 10 we get a Market Cap of $3bn for MauCo based upon an earnings metric. If Prem enters a 50/50 jv finally we therefore get to a notional contribution to Prems MC of $1.5bn. Lastly if Prem has 9bn shares in issue say Prems share price contribution form MauCo in the short period Lithium Concentrate is being produced would be $0.165 or approximately 12.5p at today's currency exchange rate in around 2 years time. Be that as it may as I say the Carbonate route is more lucrative by far. This route a 2m tonne ROM /annum would produce 20kt's of Li2O which is roughly 50kt's LCE. A projected annual revenue then could be 50k x $35k = $1.75bn if market price for LCE doubles. AISC's along with other costs (AIC's) are likely to be no more than $750 m/annum or so which would give MauCo a Market Cap of almost $1bn. Feeding 50% of that back into Prem from a 50/50 jv that would give Prem net "earnings" of $500m/annum . Then assuming a P/E of 10 is reasonable again and with say 10bn shares in issue that represents a MC of $5bn which would give Prem a share price contribution of about 37.5p. again using an earnings metric. AIMHO & GLA
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03/8/2018
14:03		tedoby2: Talking about this going nowhere here's a thought:- From the Webinar we know that Prem are supporting Cadence going through their due diligence at the moment. We also know that the plan is for MauCo to produce Lithium Concentrate initially as it's the quickest route to market. But then move on to produce Lithium Carbonate which is far more lucrative. Those close to the company will also know that moves are already being made to increase the licensed area by as much as two or three fold. All very positive moves As far as I can tell the main restriction to going the Condensate route will be the logistics in transporting the material from the mine to the rail terminal in Bulawayo. To my mind I can't see it being possible to transport more than around 250kt's/annum given the lorries can carry 20 tonnes. If that's right and keeping the maths simple 250kt's of Concentrate will be processed from around 1.5m t's of ore at a 1% grade producing 15kt's of Li2O and from there the 250kt's of 6% battery grade Spodumene Concentrate. Current off-take agreements for 6% Spodumene are being entered into at prices of arround $1,000/t. But according to some analysts those prices could treble over the next two to three years. Being conservative if it doubles then the revenue to MauCo during the short Concentrate period would be around $500m annualised. With no Corporation tax to pay the 2% Royalty makes little difference to the calculation and I believe the credit for the Tantalum would easily pay for the small loss attributable to the Metallurgical Recovery rate so no adjustment needed here either in my view So with annual revenue at $500m and costs adjusted from the scoping study we could be looking at an "earnings" figure of at least $300m. From there using a P/E ratio of 10 we get a Market Cap of $3bn for MauCo based upon an earnings metric and if Prem enters a 50/50 jv we therefore get to a notional contribution to Prems MC of $1.5bn. Finally if Prem has 9bn shares in issue say Prems share price contribution form MauCo in the short period Lithium Concentrate is being produced would be $0.165 or approximately 12.5p at today's currency exchange rate in around 2 years time. Be that as it may as I say the Carbonate route is more lucrative by far.This route a 2m tonne ROM /annum would produce 20kt's of Li2O which is roughly 50kt's LCE. A projected annual revenue then could be 50k x $35k = $1.75bn if market price for LCE doubles. AISC's along with other costs (AIC's) are likely to be no more than $800m/annum or so which would give MauCo a Market Cap of almost $1bn. Feeding 50% of that back into Prems from a 50/50 jv that would give Prem net "earnings" of $500m/annum . Then assuming a P/E of 10 is reasonable and with say 10bn shares in issue that represents a MC of $5bn which would give Prem a share price contribution of about 37.5p. using an earnings metric. So not really that much potential here at 25,000% increase in roughly 3 years from just one of Prems assets after all I suppose. Nevertheless food for thought. AIMHO & GLA
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30/6/2018
11:04		tedoby2: Tungsten APT European price is now US$350-354/mtu and rising. It would be interesting to re-calculate RHA's break-even at these prices once the fundamentals are known. My first guess is 1900mtu's/month and with a target of 10,000mtu's/month it's not difficult to reason how potentially valuable an asset RHA is.It could quite easily contribute between 1p and 2p towards Prems share price even if Prem kept it's original ownership % At Prem's target production rate and todays prices annual revenue would be over $42m. Net profit or "earnings" from that I suggest would be at least $25m which in turn would reflect a Market Cap of around $250m usinf a P/E ratio of 10 . Prems benefit MC on a 50% ownership basis would therefore be $125m. Even if Prem had 10bn shares in issue and 50% ownership that works out to be a 1p share price at today's $/£ exchange rates. So all in all something to look forward to and a very valuable part of Prem's portfolio. News not far away now. GLA
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21/9/2017
13:51		billthebank: Overall 1 RHA George is very confident that we will be profitable by Q4 and has a new team in board trying to ensure that happens. He would be extremely disappointed if this does not happen, There is a delivery underway at present. 2 PEA on ZULU under way. Need to wait for another 6/8 weeks 3 ZULU There is no one offering anything that George feels warrants consideration 4 CIRCUM: No more shares will be purchased unless the PREM share price significantly alters upwards and probably only with board authorisation 5 There will be no consolidation of PREM shares 6 The company does not have any liquidity issues That is the gist of it I think
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13/9/2017
11:13		jungmana: For 2 years prem share price has not had a breather. When the price gathers some strength and sentiment turns positive bang comes another dilution just for GR to go shopping .Darwin alone accounts for about half of our 6.3bn shares in issue.They made a killing here over the 2 years.
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23/8/2017
12:52		bionicblabbermouth: Equity Funding Summary Premier has also today entered into an equity funding facility consisting of two parts. The first part is a subscription to raise GBP4.8 million, before costs (the "Subscription"), by way of a subscription for 685,714,286 ordinary shares of 0.7 pence each (the "Subscription Shares") by Delta-Beta One EQ Ltd ("D-Beta") at a subscription price of 0.7 pence per Ordinary Share (the "Subscription Price"). The Subscription Shares will represent approximately 13% of the enlarged ordinary share capital of the Company. Out of the proceeds of the Subscription GBP3.3 million will be returned by the Company to D-Beta as payment ("Sharing Payment") under the equity sharing agreement (the "Equity Sharing Agreement") and the balance of GBP1.5 million will be retained by the Company ("Net Subscription Proceeds"). The Net Subscription Proceeds (net of costs and commissions), will be used to provide additional funding for the Company's continuing operations and general working capital. In respect of monthly receipts from the Equity Sharing Agreement (as described further below) the Company has agreed that the first GBP900,000 and 50% of all receipts in excess of GBP900,000 will be used first to repay any amounts owing under the Loan Agreement. Any balance of receipts will be used by the Company for general working capital purposes. The Equity Sharing Agreement entitles the Company to receive back the Sharing Payment on a pro rata monthly basis over a period of 12 months, subject to adjustment upwards or downwards each month depending on the Company's share price during the previous month, as explained in more detail below. The Equity Sharing Agreement provides the opportunity for the Company to benefit from positive future share performance. However, should the Company's share price not perform positively, then the Company may receive less than the GBP3.3 million Sharing Payment, and if its share price falls substantially, the Company may have to return some of the proceeds of the Subscription to D-Beta. In no event, will fluctuations in the Company's share price result in any increase in the number of the Subscription Shares issued by the Company or received by D-Beta. Further details of the Equity Sharing Agreement On completion of the Subscription, the Company shall pay D-Beta the Sharing Payment of GBP3.3 million. The Equity Sharing Agreement provides for a monthly payment to be made by D-Beta to the Company, being GBP275,000 for 12 months (the "Monthly Payment"). Each Monthly Payment may be adjusted up or down depending on whether the average of the lowest ten daily VWAPs of the Ordinary Shares of the Company during the preceding month (the "Monthly Price") is above or below 0.77 pence per Ordinary Share (the "Benchmark Price"). If the Monthly Price is below the Benchmark Price, then the Monthly Payment is reduced based on the following formula:
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10/8/2017
19:36		highly geared: I think a Circum event is on the near horizon and this explains the recent frantic efforts to get hold of as many shares as possible, regardless of the short term dilution and Prem share price weakness.....
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02/8/2017
15:12		hiddendepths: In view of the responses, I'll just add a little detail. Ignore it by all means. The extra dilution element only comes from the YA part of the financing. The lower the price the more shares they will get each month - as long as PREM don't make the repayments in cash, which is most unlikely IMO as they want to use cash to increase the Circum stake. So YA are clear beneficiaries from a lower price, especially in the price determination 5 day period each month. In essence, YA benefit from as much price volatility as possible so they can sell at the highs and buy at a 10% discount to the lows. This will make for an interesting share price for the next 8 months! As for the novel D-Beta financing.... If the share price averages .45p in the month before a repayment to PREM, the company will only receive £92,600 from D-Beta instead of the £275,000 that they would receive if the price was at the "Benchmark Price" of 0.77p. This makes a mockery of the assertion that the placing has been done at 0.7p! There are plenty of scenarios one can work through as to what the effective placing price is. If the share price climbs above 0.77p, D-Beta will pay the company more than £275,000 each month, although the formula is for only 75% of the surplus rather than the 100% on the downside. Furthermore, if the share price averages below about .2875p, PREM will have to pay D-Beta cash every month instead of the other way round! This may not look likely at present but it is a tangible risk - suppose the Zimbabwe Government cuts up rough for some reason or there are political disturbances. My take on this is that D-Beta would probably rather pay a smaller cash amount per month and if they can find ways of keeping the share price low for the next twelve months, that is what will happen. Clearly whatever happens to the share price, D-Beta are in a win-win situation. If the shares soar above 0.77p, they will doubtless sell plenty of shares in the market. So my take is that 0.77p is likely to be a cap to the price over the next year. But this is just my interpretation of what is going on. No doubt I'm wrong in several ways but as I'm no longer a shareholder I'm not going to dig any deeper so I'll leave it to others to come up with more sophisticated analysis!
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31/7/2017
18:46		billthebank: Had time to read the RNS now. Not exactly straight forward now is it? I was invested in WTI and thought they were the best thing since sliced bread until I noticed that we couldnt afford to service the debt unless the price of copper stayed at a reasonably high level. Needless to say it didnt! I exited and managed to get out reasonably well. Funnily enough their share price rose by more than 20% today and why is that at long last the price of copper is moving northwards!!! So what have we here? well we have just given security to our new lenders and they are charging us 18%. Are we mad? Please explain to me who in their right mind would borrow money at credit card rates? Really guys who would do that?I know African potash need I say more? Actually there terms were worse but not a lot worse. Totally ridiculous. Ok it is our intention to repay the debt back over 12 months. No mention of any arrangement fee but in light of the complexity of this repayment program it wont be small change. How much is that going to cost. Right repayments monies are being held aside and it is anticipated that £275K will be released on a monthly basis and if you notice this is linked to our share price. If the share price is below the subscription price of 0.77p then that spells trouble and already if we had to pay our first payment this month and our share price stayed at its current level for 10 days we would only receive £275k - (£275k X(0.77-0.52(approx)) ie approx £207K. Now YA has agreed subject to certain conditions to lend us $2.9M in two tranches and if we fail to make our monthly repayment YA will then have the right to convert any debt owing at a price value of 90% of the share price over a 5 day weighted period. Now if that happens and heaven forbid that it does we are totally stuffed as our share price will simply struggle to recover and we could be in a vicious downward spiral. IMO George did not look at all comfortable in the above pro active video and I believe that is because he did not expect such an adverse reaction to the RNS released today. Could be wrong but that is how it seemed. So definitely squeaky bum time. The question I ask myself is how long is a PEA likely to take as I believe this is so so important. Regarding RHA I believe that this is not as clear cut as first advised. From memory we were talking about in full production by Q3 but I will double check that. Now we are talking Q4 and of course the second tranche of money is kind of dependant on RHA getting its act together At the beginning I said who in their right mind would borrow money at 18%? Well George you may have an agreement to build a stake in Circum but IMO we have our fingers in too many pies and we should just focus on RHA and ZULU. If there is a deal on the table then we should take it because you know what old son this could all go horribly wrong. Personally I am locked in now as today share price reaction has caught me completely unawares and it is only now that I have had the chance to catch up, Not a happy investor as George this is not what you and your company led us to believe was going to happen. Anyone think my glass is currently half empty? please please please place a positive spin on this as I need to hear good news!!!!!!!!!
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09/2/2017
07:37		mike_f: For any newbies looking to get an idea of where we are and what we have to come: Courtesy of Xulu on the lse board. PART ONE Headline news - Darwin are gone, brakes are finally off as seen at end of play. So let’s get the MCap and share price back to where it belongs. But where is that you wonder? Following figures based off 4 billion share cap. Current £/$ exchange rates. Facts and figures all based from official independent data, and RNS available for anyone to read. RHA - Cash positive from 28th February. 3 weeks away. After optimisation and ramp up during Q2, we start profits of $6m/y from July. This was based off a Tungsten price of $180mtu, our off-take with Noble is discounted to the current market price. Today Tungsten has risen 10% in Value to $193-198mtu. Our margin is $50/mtu - increasing to $60/mtu at these prices. Profits therefore now $7.2m/y at current price. Commodity boom cycle is starting again, whilst worldwide Tungsten production has shrunk in the low price environment. Most producers are making a loss at these prices. Therefore Tungsten set to strengthen throughout 2017 for further profit increases at RHA. $20m owed back to PREM for the development of RHA - all profits coming to PREM for many years. Using an initial PE of 10 - we get share price of 1.45p value. Mine industry average is PE25. We have a 40 year Life of Mine after RNS in 30th November and scope to expand further when the time comes. Once established in proven sustainable profits we can expect our RHA valuation to reflect the PE25 figure. This is 3.6p from RHA alone. Again, just at current Tungsten prices. Huge upside here, as Tungsten still sat at half its previous highs. Circum - RNS on 18th October and from the proactive article - has been valued at c$42m. This is 0.85p alone pay-off. RNS states and George said in the September Presentation available on youtube - that the license was all but signed. His mates run Circum and he was previously heavily involved with the company. Morgan Stanley have been employed for almost a year now to initiate the buyout. Just waiting for the Ethiopian government to sign off. Now the local state of emergency talked about in the RNS is over, should be soon. Again, c0.85p pay-off coming. TCT - Forestry - From the RNS 31st October - Projected $750k/y profit. Imminent income. Small but adds to RHA profit. Alone TCT is worth 0.21pps. In the future this could turn into promising Limestone deposit - only in early stages, so won’t attribute any value to it. I’m not going to add these up or give exact share price predictions and exact dates - But these are the financials, these are the timelines from RNS. Just facts and figures now that we’re debt free and clear of Darwin. And that’s before we talk about Zulu…. PART TWO So Zulu. Or should I say, Zulu Limited? Assays continue to rollout over the next couple of weeks, with an official resource statement end of February/early March. So far from the RNS’s, grades and extension continue to exceed targets. “Massive visible spodumene mineralisation over significant lengths� - spodumene is the pegmatite with the highest Lithium grades. Check out David Lenigas’s twitter feed today for pictures of our samples with that visible high-grade Lithium. The anticipated resource I calculated is based off the same consistency of discovery and SG established in the historic resource statement at Zulu, then extended over the strike length and depth as George suggested to do in the September Presentation on youtube. It is not simply a cubic volume. It’s not based off a comparison to BGS’s resource, but on the previous historic resource statement established for Zulu in the RNS. Ok? Cool. So what’s the anticipated resource target? From RNS 21st July: 4 years ago, historic resource statement at Zulu of 1.4mt Li2o at 1.4%. This was only on the assumed area at the time of 460m at 50m depth. Since then we have shown it extends over 3.5km and down to 200m depth. 7 times length extension, and 4 times depth extension. And higher grades. If it does indeed extend across this strike length and at these grades as the drill assays are currently proving, then from extrapolation we are looking at 39mt @ c1.7% average is 663k T Li20. The standard conversion to LCE is 2.473 - gives a resource of 1.64mT LCE. Lithium Carbonate contracts are going for $15000/t, with spot prices in China above $25000/t. industry experts such as Michael Langford and Joe Lowry forecast it settling above $10000 for the next decade at least. Check out their twitter feeds for the latest Lithium sector news. At $10000/t - This would give an in-situ value of our anticipated 1.64mt LCE of $16.4billion. With sky high margins to boot. Average cost for a hard-rock deposit in Australia is sitting around $4-5000 before Tantalum. We’ll be a under that by quite a way due to our higher grades, and being in Zimbabwe. Just to give you an idea of the anticipated profitability of Zulu once in production. This is why George now describes it as a ‘world-class deposit’. Because it really is. With exceptional high Tantalum grades to offset production costs. Lately RNS statements include quotes such as “this data supports our belief that Zulu is one of the best hard-rock Lithium exploration projects at this time�. “World-class resource of global significance�. 
This anticipated size is hinted at in PREM’s official tweet: They pointed at BGS’s buyout offer of $107m - then said - that puts Zulu into context. Next adding: And they ONLY have 15.5mt @ 1.48%. https://twitter.com/Premafrimin/status/816367888965763073 PART THREE Please note, as per PREM website, there is an additional strike mapped and trenched which now extends us upto a 5km strike. Also, a further strike to the North of an additional 2km which has had some initial drilling done. Only the initial 3.5km will be included in the resource statement. i.e there is huge upside to the resource figures to come down the line. A total strike of 7km… Tantalum - RNS 21st October - “significantly elevated Tantalum grades in all holes up to 706ppm�. Pilbara - PLS the one everyone is raving about on ASX - shipping raw Lithium concentrate to China - only has 132ppm tantalum, with only 1.26% Li2o. On the PREM website that extended strike to the North included Tantalum grades up to 1037ppm. Conflict-free Tantalum is going for a premium nowadays after a public backlash on the cheaply acquired DRC Tantalum used by Apple/Samsung etc. The 21st Oct RNS continues: “The tantalum grades are even more significant when compared to the bell-weather Pilgangoora Lithium-Tantalum deposit, which is currently being developed in Australia by Pilbara Minerals Ltd and has reported generally lower tantalum grades than the current Zulu results received to date in their latest reserve statement in August 2016. Pilbara Minerals report that their Proved and Probable Ore Reserve are 69.8 million tonnes grading 1.26% Li2O (Spodumene) and 132ppm Ta2O5. We eagerly await the lithium assays from the South African labs.� PLS is valued at $682m aud. They started just as we did, 2 years ago had a share price of 0.04aud - in one year, between their resource statement and during development studies peaked at 0.87aud. 21 bags in a year. Now understand we have better grades of Lithium, far better grades of tantalum, and far cheaper labour and construction costs in Zimbabwe. This is why people are lining up to meet with us at Indaba. They are looking at us and they see Pilbara with their A$682m mcap in 2 years time, only better. That’s what the future for Zulu is. Except we won’t see it. PREM is offloading Zulu asap. This is why we have 20 meetings lined up at Indaba. That’s why we employed David Lenigas to facilitate the buyout. George said in the September presentation on youtube, that they have had unsolicited approaches already from “numerous people, numerous times.� But in answer to a question said he turned them down because he wants to get this resource statement out, the one coming in a few weeks, to get fair value for the project. PART FOUR So we’ve seen what Zulu may be worth in 2 years time compared to the lesser Pilbara Minerals deposit. So what’s it worth now in a months time with just a resource statement? In terms of buyout offers - BGS is the most recent and used to highlight what’s happening in the industry right now. Not wild speculation, but hard firm offers from the Chinese. $107m aud for a 229kt Li20 resource. Yup. Compare that to our anticipated 663kt Li20. A dollar for dollar amount for contained Li20 would be $310m aud - £190m. Our current fully diluted mcap today after our rise at 0.575p will be c£23m. This represents 8.26x our current value tonight. Zulu Limited could be sold imminently in one of these 20 meetings we have lined up for a 4.75p pay-off. Again, this is based off current deals in the market, and a resource based off facts in the RNS. 
The BGS deal fell through because they had trouble investing the money outside China to certain countries through Chinese red tape. As I pointed out before, on 10th January 2017, Presidents of China and Zimbabwe met in Beijing in order to smooth and encourage investment into Zimbabwe. Zimbabwe is adopting the Chinese Yuan to facilitate this. hxxps://www.dailynews.co.zw/articles/2016/05/10/zim-formalises-yuan-adoption - hxxp://www.thezimbabwedaily.com/news/108280-president-mugabes-china-master-stroke.html I don’t want to be accused of wild ramping with my anticipated resource figures, or buyout calculations. This is all based off facts and figures that i’ve illustrated and provided links for. As a minimum, noone can deny that our deposit is bigger than BGS’s. So If it turns out that I’m drastically wrong and that by some total disaster we only have the same resource size as BGS - that $107m aud buyout would still give us a pay-off worth £66m, or 1.65p. But really, as each drill/assay result rolls in, it is only proving the higher anticipated resource worth 4.75p. I’ll bring you back to RHA - 1.45p in July rising to 3.6p once established proven profits. Circum - pay-off 0.85p anytime soon, and TCT - Forestry ops worth 0.21p. Just to remind you, the only reason we have this unique chance is because of the Tungsten price falling through 2 years ago, making RHA unprofitable at the time, forcing us to go to Darwin that has crippled this company. share price had fallen from 3.4p down to 0.2p because of them. Now Darwin are gone, RHA fully funded - the hope of it alone is what started this re-rate last Monday in the RNS. With unprecedented volume last week, absolutely relentless and sustained buying pressure - totalling the entire volume of last year - we’ve finally flushed Darwin out, with RHA fully funded and Zulu drilled - It’s time to recover lost ground. This is just my research. Please look through the numbers, read the RNS, watch the presentations, and make up your own minds.
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