Premier African Minerals Share Discussion Threads

[tedoby2] 30/6/2017 09:47

It appears that miners annual contracts with off-takers for high grade spodumene are now being agreed at prices approximately 50% higher than 2016. Supply is not keeping up with demand it seems.

That's interesting and should make quite a difference to Zulu's Opex appraisal.

AIMHO & GLA

[donald tramp] 30/6/2017 08:48

Hoping it comes down to .03 I'll double up then, and will have a nice average of .04, so carry on walking it down mm's :)

[vitec] 29/6/2017 16:04

The spread is very tight as the MM's will give you .04p and sell the shares to you at .0407p. I am fully invested elsewhere, if not I would be adding!!

[vitec] 29/6/2017 15:52

Ridiculous share price The market is not giving any credit to the assets. To have one world class asset is great to have two is absolutely fantastic. Unless there is something in the background that we do not know about then this seems prima facie to be an absolute bargain at this share price We need an update on RHA so that we can assess how things are going. Followed up with an update on Zulu or Circum.

[vitec] 29/6/2017 15:44

I hope I am wrong and there is nothing sinister behind the selling. I think it is just boredom and impatience. Most that invested/punted thought there would be more news by now. The last RNS was very positive but the share price went down. Lethargy has set in but PREM may catch many out with a very positive RNS and the share price will respond accordingly.

[nick rubens] 29/6/2017 13:06

cheers bpeter It's not been this low for a while after that last bounce up after loan stock conversions ended. Will watch with interest.

[barnetpeter] 29/6/2017 12:17

Doubtful about a placing after the one at 0.5. Would need to be at 0.25 or 0.3 and huge dilution

[barnetpeter] 29/6/2017 12:15

added at 0.4. Sure you will see this a bit lower but cant time exactly. Some of these sales! 2.5 million, 2.3 million etc. Where from?

[nick rubens] 29/6/2017 12:09

Any risks here of another forward sold placing-convertible loan stock scenarios ahead?

[edgein] 28/6/2017 16:29

Well there's lots more results to come from the drilling at ZULU. Currently drilling the remaining two thirds of the strike length which can then be incorporated into the maiden JORC. After that it'll be seeking a partner or sale, hopefully a sale for a remarkable amount of money. Lith price is likely to be higher still by year end.

Regards,
Ed.

[1madmarky] 28/6/2017 15:57

Hope so! It's getting a bit monotonous here at the moment.
Great assets, market needs to see progress

[vitec] 23/6/2017 16:54

Sold all my Alba and Solo and put it into UKOG. My biggest holding remains PREM and will do so until I think fair value has been reached. We have some way to go on that score.

[edgein] 23/6/2017 16:41

Vitec,

Well done, yeah UKOG has had some sweet results and likely more to come. PREM is waiting one of those significant spike days too. I'm still hoping that Zulu will be sold once the lithium price really gets momentum behind it. The lith and cobalt crunch lies ahead and there's just not enough of the stuff being mined to meet future demand. Worth checking out the others in the weald KL play, a lot of money gonna be made in 2017 on that play.

Regards,
Ed.

[vitec] 23/6/2017 15:56

Looks like the seller is back!

[vitec] 23/6/2017 15:55

Ed, just bought another half a million and like you have had a wonderful day with UKOG. Wouldn't go amiss for something similar to happen with PREM. I would then be truly happy!

[edgein] 23/6/2017 15:27

Mike,

That has the potential to do wonders to the price of Lith that's for sure. :)

Regards,
Ed.

[mike_f] 23/6/2017 12:50

Makes you think...

[1madmarky] 23/6/2017 10:24

Don't see why we should get RHA news. It's going to be ramping up til September. Possibly more info on feed grades and resource profile but that's all.
Zulu dril results at least 3 weeks away.
Limestone possibly

[vitec] 23/6/2017 10:06

Big trade just gone through. Gut tells me it is a delayed buy but if a sell may signal the end of the seller. Who knows? News about RHA must be imminent. I am expecting an RNS early next week.

[donald tramp] 23/6/2017 10:00

Or doesn't want to sell below a certain point

[mike_f] 23/6/2017 09:30

Seller done?

[mike_f] 23/6/2017 09:05

Selling appears to have dried up... if so we should move move up to higher levels. We in for a good Friday? Hoping for more news next week. GLA

[vitec] 21/6/2017 16:23

I did the same. At this rate I may have declare my stake!!