Premier African Minerals Share Discussion Threads

[vitec] 02/8/2017 09:35

If Zulu is estimated to be worth between 100 million and 200 million dollars and we have a MCap currently of 21.76 million pounds and you throw in all of the other assets what do you think the Mcap is going to be? The reality is this could happen within the next 3 months or so? It would not surprise me that a larger player takes advantage of the weak share price. What a great way to get into a Lithium play that is world class and is being dubbed the "next best thing since sliced bread"

[falia] 02/8/2017 09:35

BPC GUYS , CHECK IT OUT 2ND DAY OF RISING

[dmitribollokov] 02/8/2017 09:30

Fair enough Vitec. I actually tried to topslice some when it hit 1p but couldn't get a bid. I wasn't planning on selling it all there, just taking a bit of profit off. The financing RNS totally undermined my confidence. GR did exactly what he said he wouldn't do, returning like a dog to his vommit with the YA financing. He could have easily gone to primary bid and raised it. Wheneverr somebody takes a squirly/opaque/convoluted route to get done what could have been done in a simple manner, it makes me nervous.

[vitec] 02/8/2017 09:14

I agree with that sentiment. I have in my earlier days of trading made some mistakes by falling in love with some of my investments. I could be accused of that now as I had an opportunity to take a large slice of money of the table but didn't do so. I like you and many others have been taken completely aback by the RNS of a few days ago but I am looking beyond that and seeing that the money raised is being spent to enhance shareholder value in the longer term. If George was not a substantial shareholder then I probably also would have reduced my holding.

[bittorrent] 02/8/2017 09:13

This reminds me a bit of Mariana (MARL), they bought a minority stake in the Hot Maden gold prospect in Turkey quite cheap, it started showing astounding drill results, management eventually sold out to Sandstorm earlier this year. Anyone who had bought in about 12 months earlier would have got a 4 or 5X return.

[dmitribollokov] 02/8/2017 08:53

Kod/bmn/gwmo/ggp/glr and some others, but been in all those for a while. I trade in and out. The glr i own for free. Was in jlp but kicked them out around 4.3p with a 2p average. Been in those for ages, but mngmnt disappointed one too many times.

I had 9mm shares here av 0.55. Managed to kick 8m out at that level after financing rns. Shame as i had high hopes for this, but it's now univestable for me.

Dont fall in love with your investments is all i'm saying, they won't always love you back.

[quazie12] 02/8/2017 08:48

Loaded up again at .458p great price and happy to sit and wait

[vitec] 02/8/2017 08:39

Who thought the share price would rocket yesterday on the last RNS?

[vitec] 02/8/2017 08:31

dmitri, what shares are you invested in?. I can take a look and see if they have performed as "badly" as mine have in the last few months.

[dmitribollokov] 02/8/2017 08:29

You also thought the share price would rocket on that waffle rns yesterday.

[vitec] 02/8/2017 08:29

With the large seller in the background the share price seems to have found a foundation at this level. I think this could go on for several weeks but it seems that once it hits 0.0045p to buy the MM's find willing buyers. I see the share price staying within a short range subject to any further positive news from Zulu where it might break out but be pulled back by more selling. Until the seller is done, progress is going to be slow.

[vitec] 02/8/2017 08:25

No one has stated that the MM's are to blame. There is a large overhang in the market and the involvement of YA has meant that many investors have also sold. MM's work to balance their books. They reduce the share price when they have shares they want to sell and raise it accordingly when they need shares to fulfill an order. They make their money by buying and selling not holding shares on the basis of news.

[dmitribollokov] 02/8/2017 08:20

Share price action must be the work of nasty MMs then. Clearly they are holding it down to get a mate in etc...

Fools and their money...

[vitec] 02/8/2017 08:10

I also suspect further drilling results from Zulu will be very good and this will enhance the share price and bring attention back to where it should be on Zulu and in turn Circum

[jungmana] 02/8/2017 08:10

https://audioboom.com/posts/6164327-george-roach-ceo-of-premier-african-minerals-prem-31st-july-2017

[jungmana] 02/8/2017 08:09

New podcast from George himself;HTTPS://audioboom.com/posts/6164327-george-roach-ceo-of-premier-african-minerals-prem-31st-july-2017

[donald tramp] 02/8/2017 08:07

My average is about where we sit now I'm actually still in profit, but if there's anymore weakness I'm in for some more.

All this talk of death spiral is rubbish. Tranch two of the loan is only available subject to RHA performing above a certain level anyway, so there are safeguards.

It's been arranged as a short term loan, why would that be I wonder, you don't have to be a rocket-scientist to join up the dots. We are strapped for cash atm but proving up the asset further is the correct thing to do.

[vitec] 02/8/2017 07:53

Thank you TOY. It sometimes feel a lonely place when you are putting points forward but feel in the main very few are listening or care.

The upshot is if George had done a deal on Zulu now for a pittance he would have been called a prize muppet for not waiting longer to achieve a much better price. Again, I have written before about having a world class asset and selling a world class asset. What do you replace it with? It is like having the best footballer in the world and selling him only to find his replacements are no where as good. George has a solution to this problem and it is Circum. If he can find away to have both world class assets in a portfolio then he has cracked it in my opinion. RHA by his own admission is not a game changer. Emphasis on today's share price (as painful as it is) is not where you need to be. It is where it will be in 3 months time.

[nicosevos] 02/8/2017 07:13

Thanks to all last nights posters, good read.....
gla

[theoriginalyoda] 02/8/2017 06:53

Exactly ted/Donald.

Zulu changes every time they put a drill in the ground. You don't get Hains coming over from Canada for a spot of tea in the bush. PREM's discovery at Zulu is probably going to be one of the biggest of its kind in the world.

The financing deal PREM have done is an incredibly short term one, seven months. Who is seriously going to lend a few million in cash on a short term basis, with no warrants I might add? (many of these deals end up with warrants now-a-days).

The loan will ensure PREM maximise the potential at Zulu in the coming few months.

IF NEEDED.

The question the SEVERAL buyers who are at Zulu right now, or have visited there recently are asking themselves is, 'do we let PREM keep on drilling, increasing the value exponentially so that we have to pay much more; or do we make PREM a decent offer now considering the competitors we can see in the data room?'

What would you guys do if you were stood there looking at the size and potential here and with other competitors on site. Would you want in on one of the biggest Lithium discoverys?

Make no mistake folks, the Lithium is there in MASSIVE quantities. Independent world class experts like Dorfner and Hains have told us already. The assay results are coming through right now, even though the size of the discovery changes weekly, with EVERY drill. That's not exaggerating btw, one recent rns highlights ALL 11 recent drills hit mineralisation. New undiscovered pegmatites.

All these new discoveries are being expedited asap. Info is being collated in both SA and Germany and will be with us quicker than two shakes of a lambs tail. Be prepared for an enlightening experience in the size, quantity and therefore valuation of mineralisation at Zulu.

My advice for what it's worth. Stop looking at the daily share price Stop worrying about uninformed/uneducated chat room comments. DO NOT TAKE IN ANY POST, MY OWN INCLUDED AS GOSPEL. Read all company rns over the last year and see how Zulu and Circum have grown far bigger than even PREM thought. Sit down, drink coffee and lots of water while reaping enormous reward in a multibagging share price in a very short time. That time incidentally has already started. The assay results, are due literally as early as next week, but certainly within about a month. New results are being put in as much as possible. So sit tight and hold firm, the fundamentals in the ground are only increasing weekly.

All the very best folks. You won't need it mind, just hold on to your shares very tightly because this year will very likely be the best most of you have ever experienced in investing. Don't be fooled to sell yourselves short because of idle bb chat; listen to the drum beat coming from the source through those experts on the ground. Will come back on tonight, work now calls.

[tedoby2] 01/8/2017 23:19

Exactly Donald.

I've no doubt it was Prems intention to conclude negotiations on Zulu during July. But with further resources being found almost weekly how could they without sacrificing value. That's not what genuine invedtors want surely.

GLA

[donald tramp] 01/8/2017 23:06

You are right tedoby I missed that in all the excitement:

"The surface field reconnaissance programme discovered several new pegmatite zones in the south-east of the license. Diamond drilling has confirmed the presence of even more massive pegmatites in this zone. This discovery comes after the Company has discovered six new pegmatite zones during its field reconnaissance programme that was focussed on the eastern part of its license."

[tedoby2] 01/8/2017 22:59

Well said TOY.

Not to mention the several additional zones at Zulu mentioned in the RNS last week. They are in addition to the six mentioned the week before.

GLA

[donald tramp] 01/8/2017 22:58

TOY

What a change of direction he has had, unbelievable!.

Re-post yours on lse for the numpties to read.

[theoriginalyoda] 01/8/2017 22:54

Will someone ask Xulu to come on here from LSE and talk through his fictional figures. No rational, just random made up numbers. Seems like he may have sold and has been caught with his pants down to me.