Premier African Minerals Share Discussion Threads

[donald tramp] 19/7/2017 08:41

I'm actually thinking of buying another couple of mil today myself.

Any fool can buy at the top!

[vitec] 19/7/2017 08:31

Still finding sellers though!

[vitec] 19/7/2017 08:27

Seems a lot more buying interest today. Long may it continue

[dr jekyll] 18/7/2017 16:40

There will be a good reason for the share price not responding to good news over recent weeks. Most likely it is someone selling regularly. In fact this is almost certainly the reason imho. Seen this many times before with Aim cos. For those who haven't seen this happen the share price will respond once the selling has finished or nearly finished possibly, if there is a lot of buying. Pretty obvious really but perhaps worth saying.

Thanks for the link re the interview Mike. Good interview I thought.

[shapido] 18/7/2017 16:31

Another pants day, looks like people are now used to GR's bullWake me up when he actually delivers something

[mike_f] 18/7/2017 16:07

Tweet today:

#prem Zulu JV/sale on track for July as confirmed by Fuad this morning. "Yes on track - discussions are advancing!"

[vitec] 18/7/2017 15:57

We need a very good deal regarding Zulu to stop the share price going down the toilet!

[nick rubens] 18/7/2017 14:11

I should add that my cautious stance on AIM miners in general means I've often missed sudden spikes/rallies etc, so stick to one's own conclusions.

[nick rubens] 18/7/2017 14:10

Feels like a huge sell order is being worked with sporadic sells along the way to me.

Why someone would be selling is also a concern and is it possible a placing or similar is yet to come?

[nateroyd] 18/7/2017 13:21

Is it me or do you think it should move up now !!!!

[boom boom bang bang] 18/7/2017 12:13

Chaps


ast breaking out

15% up



Ascent Resources PLC Operational Update - Petisovci Gas Field

18/07/2017 7:00am
UK Regulatory (RNS & others)

Ascent Resources (LSE:AST)
Intraday Stock Chart
Today : Tuesday 18 July 2017

Click Here for more Ascent Resources Charts.
TIDMAST

RNS Number : 3105L

Ascent Resources PLC

18 July 2017

18 July 2017

Ascent Resources plc

("Ascent" or the "Company")

Operational Update - Petišovci Gas Field

The Board of Ascent Resources plc (AIM: AST), the European focused oil & gas exploration and production company, is pleased to provide an update on progress with its Petišovci project in Slovenia.

Infrastructure for delivering gas to INA

The completion of the necessary infrastructure is progressing well. The line from the CPP to the export line has passed the technical inspection and is ready for use.

Refurbishment of the separation equipment at the CPP has progressed as planned. The refurbished separator has been installed and the remaining connections are being made.

The flowline from Pg-11A to the CPP has been installed, tested and is ready to connect to the well once downhole operations have completed.

Our customer, INA, is due to complete the re-certification of its pipeline on the Croatian side of the border in time to receive Petišovci gas, we have been advised to expect this before the end of July 2017.

Well Pg-11A

Work to bring Pg-11A into production continues.

As previously announced we engaged a coiled tubing unit to assist with the part of the final downhole portion of the recompletion. This part of the operation has been completed and the coiled tubing equipment has now left the site.

Additional work is required to prepare the well for production, which is expected to take approximately two weeks.

Once the work-over is complete we will immediately connect the well to the infrastructure, enabling gas to be produced for sale.

The Company looks forward to providing an update once these works are completed.

Colin Hutchinson, CEO, commented:

"We have made significant progress over the last three weeks in getting the infrastructure ready and look forward to commencing the supply of gas to INA shortly."

Enquiries:

[vitec] 18/7/2017 12:07

George says that Zulu is big and that in itself presents issues how best to secure best value for the shareholders. What a problem to have!!!

[vitec] 18/7/2017 12:05

Very good interview. Good find Mike

[vitec] 18/7/2017 11:45

Ed, agreed

[edgein] 18/7/2017 11:39

Vitec,

We still cannot rule out that Circum will become a liquidity event long before its close to production. There's still a possiblity of an out right sale of Circum to one of the majors, is it not a good idea for the company to be holding as many shares as possible before such an event? And if they don't get a sale pre production then it'll likely progress down the road of production as it'll be one of the lowest cost potash developments in the world. I didn't expect it to fly today either, its more of what we're expecting, extensions to Zulu along the strike. More material events to the price will be Zulu deal or significant upgrade to the maiden resource.

Regards,
Ed.

[vitec] 18/7/2017 11:36

Mike, I am not going anywhere. I agree a big pay day maybe around the corner but I think many PI's are fed up. We continually get positive news but it is just absorbed. I think the seller could be Aspen as there have been too many shares being sold recently.

[mike_f] 18/7/2017 11:31

I think too many people are reading more into this than they need to. There has clearly been a seller recently that has depressed the price, once clear we should move up. Zulu negotiations are ongoing with "interested parties" (plural) and we could be in for a very large pay day in the short term. I would suggest holding tight and just waiting. Good things come to those who wait... fingers crossed!

[vitec] 18/7/2017 11:18

Ed, I can understand why PI's are frustrated. The "jam tomorrow" story gets a bit tiring. I thought (wrongly) that Circum was a liquidity event for PREM and that we would see a substantial amount of money for our 2% stake. I didn't expect us to be investing more and I certainly didn't expect to be told it is 5 years away until it starts producing. I like many shareholders want to see some share price appreciation. The irony is we are in better shape now then we have ever been with an share price as low as it has ever been. Something has to give. The assets are world class at some point it has to be reflected in the share price The market reaction today is exactly as I thought it was. More promises of that jam in the future what the market wants to see is the jam today

[nick rubens] 18/7/2017 11:14

cheers Ed. I hope you are right and it all works out as it should.

[edgein] 18/7/2017 11:04

Nick,

There'll be share holder value here on a deal for Zulu, its world class, we're due to do a jv/sale any day now see recent RNS. Don't think there will be any divis here, unless its a special divi on outright sale of Zulu. They should put any free cash generated from RHA into more circum shares and full expo of Zulu (if Zulu gets sold then special divi and perhaps a few mill into Circum/working capital). It'll make more for shareholders here reinvesting it rather than giving it away.

Regards,
Ed.

[edgein] 18/7/2017 10:59

Guys for goodness sake you don't sell RHA when they're about to finish the upgrades by end of August before moving to full production and free cash flow by year end, its almost there. Of course its costing money these upgrades aren't free and its currently not at full production nor sales. However you guys should realise its money well spent as George said in a recent RNS that RHA can be profitable instantaneously, that's when it produced the small amount recently for a customer. So once its stable and producing its an asset worth having, especially as our partner there owes us around $20m. Investing small sums of money into Circum given its NPV is another very wise move and money well spent, they'll be paying a hell of a lot more for those shares once Circum are in production too.

Regards,
Ed.

[nick rubens] 18/7/2017 10:55

When will a profit be generated and a dividend paid here? How far off?

I invested in SNRP (remember that one?) for the amazing coal deposits (10 times more than originally forecast on flotation) and now someone else has them.

Who will own PREM's assets when the ultimate pay day arrives? Today's long term shareholders?

[soulsauce] 18/7/2017 09:42

Shame you don't ever admit that on the AAU thread Plasybryn, has value not been destroyed there for shareholders?
At least this has a very saleable asset to show for all the dilution.

[plasybryn] 18/7/2017 09:33

Lack of clarity & uncertainty never liked by market. And broken words never good.These AIM directors are so good at destroying value. Shame they can't learn the opposite!