Premier African Minerals Share Discussion Threads

[oilisgold] 21/8/2023 21:54

No placing.I am more concerned about GR Health currently. He has been under intense pressure recently. How many mug punters will give almost 2million?. GR has saved you all.

[kam2014] 21/8/2023 17:30

Placing this week, there is 0 balance in Prem’s bank account,
Rns 18/08/23;

The total proceeds received under the terms of the Facility ‘HAVE’ been used for general working capital purposes and to meet the ongoing operational costs at the Zulu Lithium and Tantalum Project.

[bonzo11] 20/8/2023 21:24

Dream on fella you'll be going down to 0.3

[valhalla2017] 20/8/2023 20:53

Oil - I don’t think there is any trust now in starks assurances.

[puphead] 20/8/2023 14:00

No placing until Oct/Nov and we are ready to zip thro .6 this week.

[scottk1976] 20/8/2023 12:38

Placing will be mid October/November

[oilisgold] 20/8/2023 11:23

Posters on LSE are talking about a placing. Sadly these Fish and Chips money Mug punters are clueless.

[blades38] 18/8/2023 22:51

Have you a link to telegram please

[oilisgold] 18/8/2023 21:58

So, question is will Prem be producing and meet the new agreement targets. Well GR has had lot of meetings with the guys working on the Ground fixing the minor issues and has been assured the timelines will be hit. 0.45p will look like a bargain of the year come End September.

[oilisgold] 18/8/2023 21:53

The choice was very difficult. The big shareholders didnt want a death spiral funding, nor was a placing acceptable. Only option was GR to fund the urgent money required from his own pocket . I admitt he screwed up, he should have never done that interview. Instead of price going up it tanked to this level. The interview was a major disaster. This was not expected. The Telegram group members and few of them have 6 figure sums invested in PREM, its no punt money

[valhalla2017] 18/8/2023 20:35

And how is George selling shares at a loss. He gets all his shares back irrespective of the price they were sold at according to the rns

[valhalla2017] 18/8/2023 20:30

Oil - it was more with respect to your ‘throw the kitchen sink at it’. In retrospect, folks should have not thrown the kitchen sink but waited until the price dropped 30%

[oilisgold] 18/8/2023 19:48

Like i said GR had no choice. No money was left at all. Investors should be thanking GR that he saved the company with his own money selling shares at a loss. Looking forward to October as its the end result that matters. 0.45p close is not bad considering the sells have now happened. PREM is a very good trading share for many

[valhalla2017] 18/8/2023 19:02

Oil - I think it’s ‘well done’ to those should didn’t throw the kitchen sink at this but rather sold at .55 and now bought back at .4. Well done to them!

[firestorm911] 18/8/2023 18:40

Our price for Monday's close is 0.586p.

Regards
F911
RMC

[oilisgold] 18/8/2023 16:40

GR done with selling. Seriously, we needed the cash, there was no choice. Price should go up Monday now. Welldone to those that held.

[oilisgold] 18/8/2023 16:22

The revenue generation will be huge. We are looking at huge profit every month even after taking away all expenses and payments. Huge demand for the product is out there. Its a small fix. Posts on LSE are best ignored, sone of those mug punters are clueless

[oilisgold] 18/8/2023 16:19

The original deal was rejected by GR as terms were not as good as this one. It was still unclear untill the very last minute if they were going to draft another deal. Thats why it was essential we got everyshare holder to vote "yes". The 2 million should take us towards end of November and PREM should be producing from October. The plant operators gave 110% assurance the new deadline was going to be met. Not the time to panic sell Just walk away and come back in October

[leewink1] 18/8/2023 16:04

TIMBER !! . . .

[oilisgold] 18/8/2023 15:29

Its only the day traders crying and moaning. 2 months are nothing in the Grand scheme of things. I am still 100% behind GR and i have not sold a single share and nir have any other Telegrsm group members

[johnjames876] 18/8/2023 15:27

Makes no difference still long way away

[oilisgold] 18/8/2023 15:26

Not suprised at all as PREM needed that money. The Telegram group still is backing GR 100%. There was no other choice. A lot of investors are saying "GR could have done better".I can assure you he couldn't have. Its only few months and we are on the right track. There is no placing on the cards. The plan was the 2 million would be sufficient to get us to where we want. Plant shutdown could not have been avoided

[teaboy100] 18/8/2023 14:59

This presumably is part of the 'orderly sale' of shares for the 2 million loan from George.