Premier African Minerals Share Discussion Threads

[ssrmb] 15/6/2017 14:04

Any idea who is selling Vitec, as you say very persistent.......

[vitec] 15/6/2017 13:53

Seller still here and persistent. I almost don't want any positive news now as it will raise the share price only to see it fall as the seller sells into the strength. Ideally we need them to be gone so any rise in the share price is sustainable.

[1madmarky] 15/6/2017 12:44

I guess this is a once bitten twice shy moment. No one is prepared to give the benefit of any doubt, hence the share price.

[mike_f] 15/6/2017 12:38

Apparently someone on LSE has spoken to GR and asked that when he puts an RNS out confirming first payment received please enclose finer details and not a one liner which he apparently took note of so hopefully we get a comprehensive update when this arrives. I'm guessing Mon/Tue. GLA

[donald tramp] 15/6/2017 09:33

ted "I believe we have now received payment for our first shipment"

It's clear and simple they either have or they haven't there is no middle ground and if they had I'm sure the would have rns'd it.

[donald tramp] 15/6/2017 09:21

Will the 200mda hold, that's the question Mike.

[tedoby2] 15/6/2017 09:21

Thanks Mike. It's good to know the chart looks promising on the back of imminent news
too.

Just on RHA having checked with the company yesterday I believe we have now received payment for our first shipment. I think that's great news although I wasn't given the finer details.

GLA

[mike_f] 15/6/2017 07:25

Worth a look:

[mike_f] 13/6/2017 20:58

Good to finish 10% up today, RHA update imminent and volumes rising, all encouraging for a further push north as long as the seller finishes.

[tedoby2] 13/6/2017 09:36

Just an observation but I see Nobles share price bounced yesterday. At one point it was up just over 15% but retraced to finish just over 10% at close.

It seems the reason for the bounce is that there are several suitors interested in all or part of their oil ownership in the Americas.

The article said Noble were currently resisting discussions on that front still preferring to find a white night to help resolve their issues. But at least they have a fall back position to help them to restructure if needed.

The China Investment Corp are a substantial investor in Noble I believe and as long as it remains the case that should help too.

AIMHO

GLA

[edgein] 13/6/2017 08:53

Vitec,

Only they can answer that. You could have said the same about the Singapore fund that sold 15% of SOLO prior to drilling the high impact N-2 well recently. They drove the price down to 12 months lows of less than 0.19p. Everyone knew that the well was coming in the next month or two but day in day out they sold. The share price peaked pre-results at about 0.85p to sell. Why institutions sell is sometimes a mystery, but I guess they've all their own strategies. Again for an extended period these traded at less than 0.25p and there were millions traded below that price. It's when I bought most of mine. I guess that plenty of those moved on with the subsequent rise to close to 1p but there may still be some getting a good profit at this lvl. So some of that may explain the selling. I would imagine that Darwin are long gone and all their conversion shares have been sold.

Regards,
Ed.

[vitec] 13/6/2017 08:39

Is there something else holding the price back and why is the seller so persistent? I know there is talk of Noble having some issues but that we are fully insured and have another buyer waiting in the wings. What is the validity of this? Is this causing the share price to be held back. Until George issues an RNS with another update we will not know fully where we stand.

[vitec] 13/6/2017 08:32

I agree Ed. I suspect when we least expect it we will get some ground breaking news!

[edgein] 13/6/2017 08:31

Vitec,

Yeah looks like it, but once they clear and once people recognise there's more than just a producing tungsten mine here it'll fly. $bns of lithium free in then price here as well as the potash asset. Crazy caps and opportunities rarely last forever. I hope they prove it up 3-4 times larger as planned with the current ongoing drilling and sell it for several hundred million $. I'm sure the Japanese or Chinese would like another perhaps 1.5-2Mt of contained lithium for a fraction, perhaps $300-400m that would still give them $13.5-$18bn of contained metal to work with at pretty good grades. That's providing the lithium price doesn't improve further.

Regards,
Ed.

[vitec] 13/6/2017 08:24

There is still a seller about. To many 1m and 2m sells going through to think anything else.

[mike_f] 13/6/2017 08:11

Nice 3.9M buy over ask @.51p! More of the same please, then goodbye seller. GLA

[1madmarky] 12/6/2017 19:32

Oh yeah the lse board been on melt down for a while now

[billthebank] 12/6/2017 16:03

Cheers lMadmarkey.Helpful.Appreciate that.Saved me a lot of trawling

[1madmarky] 12/6/2017 14:13

Think noble are in the smelly stuff. I did mailed the info@premier blar blar blar and got a reply a half hour later. Basically stating that they are not aware of any issues that will affect payment for the tungsten they are fully insured against losses. Also that they have other interested parties and that any new contract would be on better terms for us than the current contract.
Think it's more a case of panic because we have not had confirmation of payment yet. This panic is because prem screwed up last time so everyone wants reassurance this time. Not unreasonable as far as I'm concerned. Also of course we are drilling holes like rabbits on speed so that must be costing money, hence money from tungsten would be good right now,

[billthebank] 12/6/2017 13:27

saw some banter on lse 're Noble.Anyone precis what that's all about?

[billthebank] 12/6/2017 13:18

what do others think on the possibility that afmine are selling there shares cos of cash flow?

[mike_f] 12/6/2017 11:00

The seller will be flushed out soon if the volumes remain the same then onwards and upwards. GLA

[nash81] 11/6/2017 15:16

time to buy back in.

news on RHA anytime soon

[tedoby2] 09/6/2017 16:06

Thanks Mike.

I think the photo's of the transport are very interesting. Not seen any of the transport before.

I also think it's strangely ironic in some ways that we're trading in the lightest metal in the world - Lithium @ a density of just 0.53 gm/cubic centimeter at Zulu and at the other end of the spectrum we have tungsten @ 19.3 gm/ cubic centimeter - almost 40 x heavier at RHA.

Deliveries of the Wolframite are being made using 20 tonne capacity lorries having an axle load less than 40 tonnes as I understand it. So not too many of those timber pallets per load at RHA if you please! "lol"

Just as their considerable difference in densities both RHA and Zulu will prove to be great assets I believe in the fullness of time for strikingly different reasons too. RHA as a cash cow and Zulu incredibly valuable.

We'll see.

GLA