Premier African Minerals Share Discussion Threads

[vitec] 18/7/2017 08:20

I could not help myself, I have added more shares to the overflowing PREM share folder. Even though my posts today have a slightly negative tone I am definitely positive about PREM's future. Let's see what unfolds with Zulu over the next few weeks. No one can deny that PREM has two world class assets in Zulu and Circum. The trick is now to make them work to the benefit of the company and its shareholders

[barnetpeter] 18/7/2017 08:16

Down again...

[donald tramp] 18/7/2017 08:07

I know it's not Circum who we have bought off, but it's all inter-related, don't think for one minute it isn't.

[nick rubens] 18/7/2017 08:06

When will PREM need some funding, for anyone that's been doing the maths and will death spiral rear it's ugly head again? cheers NR

[vitec] 18/7/2017 08:04

Highly Geared. As may on this BB will know I am supporter of George and PREM. However, instead of continually building a bigger company we need to have something back. As yet as a shareholder all I have had is more and more dilution. I want to see revenue, profit and some capital appreciation. I have been down this road many times where CEO's argue the case that they need to take this and that opportunity now. Looking at the additional stake in Circum and please correct me if I am wrong and my maths is incorrect but an additional stake of 0.7% for just under a million dollars only then values Circum at $139 million dollars. My understanding was that the 2% stake we already own was valued at 2 million dollars per 1%. Either George has done a brilliant deal, Circum was originally over valued or under valued (which ever way the wind blows) Aspen are desperate for money or they don't believe that they can achieve a better price for the shares or alternatively they believe an investment in PREM at this point gives them greater exposure to a capital appreciation then an investment in Circum. I like to think it is the latter but time will tell. GLA

[donald tramp] 18/7/2017 08:02

vitec,

It's simply a swap letting each other in on each others game.

It's good news.

[highly geared] 18/7/2017 07:55

Vietc , it's more of a share swap. Yes , some Prem dilution ( very small) but a corresponding increase in the Circum stake. I see it that we have an increasing stake in a valuable non core asset that will be worth multiple of what we've invested over the next 3 years whilst RHA and Zulu remain core with Zulu becoming ever more valuable.
If GR has c. £1.7 million invested in Prem shares ( cash+ options), I'm sure his and our interests are strongly aligned?

[billthebank] 18/7/2017 07:55

honey motley!!!!!!!

[vitec] 18/7/2017 07:49

Not the RNS's I was hoping for. Yes Zulu is getting bigger and there are interested parties but why increase the Circum stake? George has been going on about a liquidity event regarding Circum since 2016. If they have been able to increase the stake now then we are no where near a liquidity event because who would sell now if they thought that there was going to be one any time soon. On top of it the consideration has been satisfied with more shares. Only recently we were told that we would not been diluted going forward and transactions would be satisfied by debt. I have not turned negative but I will not be surprised if the shares tread water and it confirms my suspicion that the share price has been kept artificially low as there has been a persistent seller. In my opinion many of the shares issued have been forward sold. I will see what happens with the share price but may add.

[1madmarky] 18/7/2017 07:34

Just need to know how Zulu will be developed and by whom. Then it might fly. Possibly too many unknowns at the moment. On the flip side, Zulu is getting bigger:-)

[highly geared] 18/7/2017 07:21

Prem's stake in Danakil on a post tax NPV basis now c. $50 million.... RHA $20 million debt repayment from partner, operationally profitable shortly, Zulu world class and growing bigger and bigger, market cap totally disconnected from the assets.

[jungmana] 18/7/2017 07:19

Two fantastic rns's this morning. Anyone on the sides better load up at this cheap prices before this starts to fly.

[pauliewonder] 18/7/2017 07:17

These new discoveries when looked at in the context of the already very substantial maiden resource estimate and exploration target in the main zone, are just another step in the process of exploring what we believe to be one of the best hard rock lithium exploration projects today. Premier continues discussions with interested parties as previously reported and will update on this and assay results as they come to hand."Interested parties", may be more than one?

[highly geared] 18/7/2017 07:16

Second RNS! Zulu gets better and better! Wakey wakey....

[highly geared] 18/7/2017 07:13

Nice RNS. Prem may increase their Circum stake to 12%...
The figures from Circum are compelling on a medium term basis.

[vitec] 17/7/2017 10:25

Billthebank, I believe George owns approximately 10.5% so has a lot more invested. All of the other points you make are totally valid

[billthebank] 17/7/2017 10:22

tidy2 I used to respect your posts but sorry not on this occasion. This share has massive potential from the present share price level. Thanks for the warning but have researched this and I am accumuating not selling. George has over £300K of his own cash in this. Yes we have had a lot of dilution but we are about to go cashflow positive with RHA although there has been teething problems and we are anticipating news imminently in other areas. I wont go into all the positives but your one liner comment ie feeling sorry does not wash. Having said that I guess you have been burnt by a previous investment in one of Georges's company's and if so I can understand your thinking. Good luck to you just the same.

[vitec] 17/7/2017 09:58

Some strange trades but the last trade shows confidence. I think this is rock bottom can only go upwards from here!

[vitec] 17/7/2017 09:02

Time will tell. The assets should speak for themselves. It is in George's interest to get as good a deal as he can as he owns a lot of shares and has invested a great deal of his own money. That is always a motivator for trying to do your very best

[vitec] 17/7/2017 08:39

Hope you are right. I think I know who you mean. Either way the share price is too low and needs to reflect the value of the assets.

[sorrento06] 17/7/2017 08:37

Vietec, I believe we will have an RNS this week. I can see a Canadian Miner joining the party ; ). ; ) IMO

[vitec] 17/7/2017 08:29

The alternative view to what I have written is that everyone knows something or feels something that I am not aware of and that it is right to sell. Looking at it for what it is I believe that the share price will be a lot higher within the next few weeks subject to the news being positive on Zulu.