Premier African Minerals Share Discussion Threads

[barnetpeter] 01/8/2017 15:18

Maybe...but as soon as we had any sort of move up for a day, this stupid idiot CEO is looking to dilute. Here we are back below 0.45 only this time with a dreadful deal that will end up inevitable dilution and heavy costs.

The trouble with these small caps is that it is so difficult to get rid of these useless ceo's. Look at Bell....stocks down 99 per cent in 5 years and he still sits there paying himself fortunes.

[vitec] 01/8/2017 15:08

This is following exactly the same pattern as on previous occasions. The share price takes a massive hit due to the overhang of shares. Yesterday we were seeing 2 to 3 million sells going through. Today it is 4 to 5 million sells going through. The quicker the overhang is cleared (as painful as it is) the quicker the share price will recover. As stated before, I believe that George must have further knowledge/confirmation of what is going on with both Zulu and Circum otherwise why do the deal he has done. I was in for the long haul and I believed that I would be in a position to sell part of my holding. The opposite has happened so now I will have to be patient.

[forwood] 01/8/2017 15:07

Just bought a few at .448

[turbotrader2] 01/8/2017 14:28

This is oversold

[donald tramp] 01/8/2017 14:21

GR must be privy to information about Circum.

Crazy move otherwise.

[tidy 2] 01/8/2017 13:53

Hitman pmsl. Don't tease 0.3 is 300% up from where this is headed.

[dmitribollokov] 01/8/2017 13:41

Don't - it's uninvestable. Save your money.

[oakville] 01/8/2017 13:30

Christ at what price do I average down? !!

[turbotrader2] 01/8/2017 13:12

Aussie should of stayed at JLP

[aussieb3] 01/8/2017 12:54

Hitman just predicts share going go down never seen him predict it go up

[vitec] 01/8/2017 12:42

I surprised Hitman you are making a prediction as it usually is "the shares are going to be suspended"

[thehitman1] 01/8/2017 12:41

OOPS, WRONG BOARD, 0.3P NAILED ON HERE.

[thehitman1] 01/8/2017 12:41

2P NAILED ON!!.

[vitec] 01/8/2017 12:16

Wally, I agree. I have also thought that George must know what is coming along the path but can't say due to confidentiality. Why else would you trash your reputation.

He either cares a great deal about shareholders but unfortunately events have taken precedence and he knows it is in everyone's longer term interests or he has total disregard for shareholders and has done us over. Knowing that he is the biggest shareholder and has the most to lose I have always worked on the basis it is the former.

I have known many brilliant people, know their job and company inside and out but do not know how to communicate with other human beings. Their strength is recognising this and employing individuals whose skill set caters for this. The way in which the raising of finance and with whom it has been raised has caused shock waves to the share price and to private shareholders (including me) who didn't see it coming. George should look at how PR is conducted.

I wrote yesterday that I believed an RNS regarding Zulu would be imminent and we have one today. I suspect we will be getting regular updates as George is probably all to aware of the psychological damage that has been done as it is evidenced by the share price

[activeservo] 01/8/2017 12:09

My thoughts regarding the loan terms too Wally, hence I'm holding for now.

[donald tramp] 01/8/2017 12:03

My sentiments entirely WJ.

[wallyjumblat] 01/8/2017 12:02

Do you know what really gets my goat, this constant guessing game as to what Roach is going to do next, he is either a genius or a complete nutter. Does he know there is going to be a liquidity event with Circum sooner than we think? In my opinion based on the fact he knows their BOD from days of old the answer to that is yes, that is the only logical explanation to rush into buying more of their shares on borrowed money.
He also knows (again in my opinion) what someone is prepared to pay for Zulu now and therefore what its worth if he multiplies the tonnage hence the PEA.
I think he must be confident of an injection of cash in the not to distant future to agree to those loan terms, but like I said at the beginning annoyingly only he knows.
AIMVHO

[jungmana] 01/8/2017 11:14

3m buy there. Looks like lots of 'clueless' punters buying today

[nick rubens] 01/8/2017 10:56

The funding RNS looks long and complicated to me. That usually means only one thing and I don't have to remind those of us who know from bitter experience on past funding styles.
In my view, I'l sit back and watch the share price erode and mkt cap dilute away before any monitisation comes whether it be Zulu or whatever.

I don't like the timing of todays RNS either.

Why don't companies raise with existing shareholders who for the most part tend to be loyal long term holders. What happened to rights issues?