Premier African Minerals Share Discussion Threads

[timw3] 03/8/2017 08:22

Jung its no wonder you lose money in investments like this.

BHR where based in Moazmabique EDL is in tanzania.

The vest difference is between investing in north korea or south!!

Jeez theres some donuts here.

No wonder so many lose money on AIM!

[jungmana] 03/8/2017 08:13

They have gone burst by the way trying to sell washed coal on a far bigger scale than EDL.

[timw3] 03/8/2017 08:12

Can you believe the irony here. Folks knocking other investments...LOL you couldnt make it up..

Here you have the shadiest outfit of them all.

haha you got to laugh

[jungmana] 03/8/2017 08:10

Tim - can you research about BHR. Some lessons for you there. Good luck with edl

[1madmarky] 03/8/2017 08:04

When it's clear holders are not going to be diluted to hell and back! That would be a good start point.

[timw3] 03/8/2017 08:02

why will you be stuck for years?

Very simple logic. EDL have taken years to get to procution plant. Now they are a few weeks away with local goverment support!! So where will you get stuck for years?

[113mike] 03/8/2017 07:58

have been caught with EDL before..not going to this time! unless there's a big pullback on sp

[oakville] 03/8/2017 07:56

Now back to PREM.

How low before the herd arrive and it heads back north?

[oakville] 03/8/2017 07:55

Exactly....you might make a quick buck but get caught and you will be stuck for years.

[jungmana] 03/8/2017 07:53

EDL and Kibo have been telling pokies for years. Have they ever achieved anything?I once held £20k worth of Kibo

[timw3] 03/8/2017 07:48

oakville with them punters that have been waiting years at EDL for the plant to be operational and is now a few weeks away from it what do you think will happen to the share price between now and a few weeks time?

[oakville] 03/8/2017 07:45

Tim, do think EDL has only just appeared punters have been making and losing money on it for years (mainly losing)

[timw3] 03/8/2017 07:42

while we await further news here money to be made at EDL short term,

EDL has m cap of £9m with 170,000,000 tonnes of high grade coal ready to be washed and sold with goverment support.... Mulitbagger!

Plant will be up and running over the next few weeks and contracts are yet to be announced. NEWSFLOW will be immense to keep momemtoum going. 2-3p target soon!

[vitec] 03/8/2017 07:41

TOY, the deal with Aspen was for PREM shares, the last deal was for cash. I read the RNS of the 18th July and it states;

"Today's Purchase is part of part of a broader proposal that Premier made to certain Circum shareholders who are willing sellers and who are not restricted under the Circum Shareholder Alliance Agreement from disposing of all or part of their holdings in Circum. Premier proposes to acquire, at its discretion, up to a further 10% interest (in aggregate including today's Purchase) in Circum at a price of US$1.50 per Circum share, which together with Premier's existing 2% interest in Circum, will increase Premier's holding in Circum to 12%, in exchange for the issue of new Premier ordinary shares. The maximum consideration would amount to approximately US$14.511 million in the event that the Company completes the purchase of the additional 10% interest in Circum."

There is now a 2 tier structure. $1.50 if in PREM shares, $1.25 if in cash. There was no mention here of paying cash and may have been PREM's intention of how they wish to purchase. However, the seller may have wanted cash rather than shares and this changed the picture, hence why PREM had to get their hands on some cash quickly.

It is all supposition but I suspect George thought a deal for Zulu would be concluded and we would be in the driving seat with cash in the bank and a higher share price Now that hasn't happened he must be fairly certain that it is going to happen and soon otherwise his ambition to purchase more shares in Circum will have to put on hold or PREM will have to borrow more money and/or issue more shares, which is a complete non starter having seen the reaction to Monday's RNS.

[theoriginalyoda] 03/8/2017 06:08

vitec/DT,

Agree wholeheartedly with you both. I genuinely believe the share price will start to bounce back very shortly, exciting assay results for the Lithium are coming, we know that. The so retrace is a simple over reaction, and I wonder whether Circums distressed seller was provided with PREM shares in this latest asset purchase by PREM. It would explain a lot.

Be prepared folks, this is about to rise again.

[theoriginalyoda] 03/8/2017 05:43

I'm happy to hold here folks, I've even picked up some more shares yesterday. This is a fabulous opportunity with what is coming.

Assay results will be with us very shortly for the Lithium at Zulu. Make no mistake on how good these results are. You only have to go through the recent history of Zulu updates to know we are hitting more and more mineralisation with every drill.

We have already been advised of buyers being on site and Hains coming over from Canada.

Zulu will be a SUPERGIANT Lithium discovery. Massive, utterly massive.

[jungmana] 02/8/2017 21:47

Looks like Darwin warrants. Probably the last lot.

[stealth mode] 02/8/2017 21:26

STEALTH MODE COULD GO ACTIVE

[activeservo] 02/8/2017 20:00

I thought so too. Seems it's the 44M Darwin warrants, second batch of 22M.

[forwood] 02/8/2017 19:58

Just seen a big trade on L2: 22m @ 0.45 timed at 14:55 (worth £99k). Given what other sales were achieving at that time, am guessing this is a buy.

[donald tramp] 02/8/2017 17:29

Doesn't look like they want to let anyone in below roughly .45 at the minute anyway.

[forwood] 02/8/2017 16:27

Well it make no sense for anyone to have the price down here atm. The payback/further borrowing doesn't kick in for another 2/3 months