Premier African Minerals Share Discussion Threads

[mike_f] 08/8/2017 11:18

ihnc, I'm happy to wait a little longer for 10p :) At this moment in time my dream is my first ever 10 bagger. If all the ducks line up this should be pretty easily achievable with the assets we are playing with.

[ihavenoclue] 08/8/2017 10:24

Mike ... my target is still 10p, which I think is achieveable when a few certain things that are supposed to happen actually happen, but I am not sure we will reach that value next year so that is why I class it as a 2 year old to achieve this.

I will be more than happy to be proved wrong and we hit this value next year.

All IMHO
Regards
IHNC

[mike_f] 08/8/2017 09:55

I personally feel we could be realising true value within 6-8 months, let alone in a few years! Zulu could be sold/JV'd within 4 months and then a liquidity event shortly after we purchase the remainder of our Circum shares? GR has a big 'in' with Circum and knows what they are up to...

[ny boy] 08/8/2017 09:51

Tuck away for a few years, not many will though, as they will take 10-50% profits then spend yrs kicking themselves for losing out on another 10,000% no prbs hold long term if you don't need the cash and can just sit on these, that's what I'm doing. GLA

[ihavenoclue] 08/8/2017 09:11

vitec .. yup you are spot on

[vitec] 08/8/2017 09:02

Bill, Aspen are out. They sold their shares in the market at .03333p per share. It is NOT Aspen that is the seller. The trade (for memory) went through 2 weeks ago and the following day the share price doubled.

[edgein] 08/8/2017 09:01

If you scroll down you'll find the lithium leaflet worth a read, especially if you're interested in practically pure spodumene.

Regards,
Ed.

[mike_f] 08/8/2017 08:53

Background buyer this morning me thinks...

[vitec] 08/8/2017 08:28

telbap, that is why I think George will go down the JV route. PREM has a very good relationship with the government (their words, not mine)and will want to keep them onside as well. So they have to be considered in any deal that is struck. This to me,is critically important in ensuring that there is stability. Of course, governments change and therefore the situation can change. I also do not have an understanding of local government in Zim and what laws have to be obeyed.

[oakville] 08/8/2017 08:25

Back to .8 for starters.

[mike_f] 08/8/2017 08:24

Good job a large chunk of Zulu is near surface and will be able to be open-pit mined then hey? ;)

[donald tramp] 08/8/2017 08:24

Zim is already the 5th largest producer of Lithium in the world telbap.

[telbap] 08/8/2017 08:22

Vitec......all about getting it out the ground and processed. A very expensive project in most countries and possibly even more so in African countries with little or no infrastructure , good and strong laws etc etc. I am in EMH and they have produced absolutely 0 goods so far Beyond endless CPR reports..........god I am negative today!!

[nicosevos] 08/8/2017 08:09

...........................................:-))))))
Looking good!!!!!

[edgein] 08/8/2017 07:56

That's around $13-15,000 per tn of lith up from around $9000 as the above is for 6% concentrate.

Regards,
Ed.

[vitec] 08/8/2017 07:42

Please note. Everything I write is my own personal opinion and should not be construed that I have any prior knowledge of events that may happen. Having been in these situations before, (different industry, I have an understanding of how an individual and their respective BOD may operate.

Sitting here and trying to analyse their thinking and what may happen is pretty pointless as I think they, as well as us have been taken aback by the sheer size of Zulu. Remember, that they have significantly more information to hand and the resources to extract further information. If we are getting excited about the prospects, what do you think it is like for George, the BOD and the employees that have a stake in PREM?

Let's see if we can continue yesterday's momentum.

[vitec] 08/8/2017 07:36

dmitri, I alluded to a special dividend if Zulu is sold and if it threw of cash. I wrote about two scenarios. However, I believe that Zulu will not be completely sold and any monies we will receive will be reinvested into Circum shares and for additional working capital. Once all of the financial commitments have been serviced there maybe an opportunity to reward shareholders but the likelihood is that this would not take place until the Circum shares have been sold. Hope that clears up any confusion.

[mike_f] 08/8/2017 07:32

ihnc, I think he missed the 0 off the end ;)

[ihavenoclue] 08/8/2017 07:22

vitec .. a very good balanced post. There is risk in everything and you just have to balance risk against rewards.

Always best to stand back from a share and look at what could go wrong and when the possibilities outweigh the possible negatives then invest in that company.

BP talking about Zulu being worth about $25m just shows how little he knows IMHO

Regards
IHNC

[dmitribollokov] 08/8/2017 07:16

Do you mean special dividend if zulu is sold, or if zulu starts throwing off cash from production vitec?

[vitec] 08/8/2017 00:01

Corp, I agree with that there are no sure bets. Who knows what the future holds, who knows what might happen in Zimbabwe. I have a friend that is from Zim and the stories he has told me are incredible and sometimes frightening. However, I have to base my investment decisions on what I know now and continually appraise as further information becomes available.

If I continually worried about this and that I wouldn't step outside my front door. In the same way you are not deramping, I am not ramping. I am just weighing up what I know now with a mix of what I think may happen and have concluded that all things being equal, PREM is a good bet to do well in the future. Let's face it, I and many others talk about the future but for one person that maybe tomorrow and another months or years. My prospective of the immediate future with PREM is 3 to 6 months. I have laid out my plan and have alluded several times that once I hit what I consider to be fair value then I will top slice. I will probably have to reappraise in the light of Zulu and then again, once I understand where the "windfall" that Zulu will bring is going to be spent.

It wouldn't harm PREM to reward their shareholders with a special dividend should Zulu throw off a lot of cash and the proceeds fully cover purchasing the Circum shares and working capital requirements. But if I was George, I would hold onto the cash and reward shareholders once he has cashed in the Circum shares.

There are no certainties in this world apart from death and taxes, but I remember not so long ago reading the UKOG RNS's and thinking to myself this is almost a certainty and investing heavily, only to doubt that when the share price started to rise that it could not keep going. I get the same sense with PREM, in that past history has tainted the mentality of investors but all the clues are there.

PREM rose to 1p and then fell as dramatically (we know the reasons why). Maybe, one day the share price will rise and continually rise once there is a better understanding of what PREM actually has their hands on. Like UKOG, the detractors and disbelievers will also have to reappraise.

At the moment, I think many just cannot believe that a small company like PREM could have hit the jackpot. Time as usual always shows who was right and who was wrong. I am simply backing my judgment and it is not a question of right or wrong for me, it is a question of making the best informed decision I can make on the available facts and information. On that basis, PREM today is a compelling investment case. GLA