Premier African Minerals Share Discussion Threads

[mcpaulas] 02/8/2017 11:01

Like the spread totally miss leading, can buy and sell around mid share price very easily.

[hiddendepths] 02/8/2017 10:47

Sorry I'm not really adding anything useful here so I'll shut up after this post. As a former analyst I am a great believer in buying shares where there's a great deal of value, as there clearly is here. The next few months MIGHT be painful for you guys but I'm sure it'll come right when you get through this sticky phase. If it so happens that the operational success trumps the greedy money men then I for one will miss out and be swift to congratulate you about hanging tough. If it gets more painful, at least there are some people out there who will be providing support further down.

Good luck!

[vitec] 02/8/2017 10:45

Forget about Lenigas. I think he has options over 3 million shares at 0.8p. He does not even come in play here. Focus on the assets. Lenigas was involved with UKOG and the share price has gone from 1p to 8p and has been as high as 11p. The reason is the focus has been on the vastness of the oil.

PREM has world class assets in Zulu and Circum. If you focus on them and their potential worth then investing in PREM at this level is compelling. The week before last I purchased several millions at between .039 and .04p per share. The reason why PREM was unloved. The following week you could have sold them for a penny a share and everyone and his dog wanted in. Nothing has changed here regarding the assets, the only thing that has changed is investor sentiment.

[andrewsr] 02/8/2017 10:40

With hindsight a delay to a deal was likely due to the discovery of the additional pegmatites and the likely increased resource should massively outweigh the downside of finance costs and placings. However, you can be too greedy and just keep drilling hoping for a bigger and bigger pay day when some risk transpires - a coup d'etat, credit crunch mark 2, market collapse, problems with battery technology, preference for hydrogen fuel cells etc.
So hopefully, the latest extension to the exploration will be the last even if they find more pegmatites, before outside factors intervene.

[vitec] 02/8/2017 10:40

hiddendepths you may be right but I think the structuring of the deal is not as straight forward as we think. I have read the RNS many times and I am finding it difficult to understand. When you peel an onion there are many layers. Most PI's got to the skin and went "on no YA are involved" and did not go any further to think about the deal structure and the assets. This is a reaction to having a huge overhang and YA involvement. I am not deluded to think that we are going to bounce straight back but having been a shareholder for a very long time and seen several times how this share spikes nothing would surprise. I could go on and reiterate everything I have said before but it does not make a jot of difference to where we are now but has a bearing on where we are going. Each and everyone of us has a choice. I have chosen to stay put and suffer the pain in the hope I will gain substantially in the future.

[hiddendepths] 02/8/2017 10:40

The trouble, DT, is that however good they might not matter as any rise is likely to be seized on by the opportunist financial vultures.

I'm also always a little jittery when Lenigas is involved! Been burned in stocks he backs way too often!

[donald tramp] 02/8/2017 10:36

As every day passes all those sat on the sidelines though waiting for a lower price are going to get jittery because those assay results could come at anytime from here on in.

[hiddendepths] 02/8/2017 10:30

The problem is simple. Assets and story very exciting. But it's in the financiers' best interests to get the share price down even further. I have little doubt that they will succeed because that's why they set the whole thing up in such a convoluted way. What is more, the lower it goes, the more shares will be issued and the greater the dilution.

I have plenty of sympathy with those who stayed true to the cause. But I suspect there will be better opportunities to get in on the back of the waves of share price sabotage that appear inevitable, to me at least.

[vitec] 02/8/2017 10:29

Looks like that last large trade was a buy

[donald tramp] 02/8/2017 10:29

This is just short term pain for short term gain.

Assay results are not too far away as we all know, that will give us a lift back up this game of snakes and ladders.

[vitec] 02/8/2017 10:27

I wonder if we are going to get some lunch time news like last Wednesday that helped the share price to double? Here's hoping!!

[vitec] 02/8/2017 10:25

Depends on how it is structured. We may get offered shares in the new entity in line with what we own in PREM. We may get a special dividend. Who knows. What is important is to get to that stage first and then worry about the mechanics of the deal. As I have repeatedly stated I am here for Zulu and Circum with the knowledge that George is the biggest shareholder by far and will want to get the very best deal he can. The more and more I think about it the more I am convinced that he knows what is coming down the path. GLA

[swampydrill] 02/8/2017 10:19

They were talking of potentially floating off Zulu on its own, at the moment this is a PREM asset, does the value of this need to be repaid to PREM shareholders if floated?

[vitec] 02/8/2017 10:16

I would also like to see much bigger volumes going through. It is too quiet today. We need large volumes to allow the seller to off load

[jungmana] 02/8/2017 10:14

Filter out the noise. Believe in your own research. Stick to your plans.Yes the part of the funding is poor but the other half is brilliant with the 0.70p placing.A small lithium resource in Mali of about 26Mt was snapped up by the Chinese for $78m just recently.So if in 4 months we get 80Mt how much would that go for in Zimbabwe which is already the 5th biggest lithium producer in the world compared to Mali which had no lithium production industry or infrastructure?

[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.