Premier African Minerals Share Discussion Threads

[billthebank] 09/8/2017 16:11

Anyone going to The Chesterfield in London? next week. Hopefully the assays will be available. Hopefully George will tell us how they plan to pay for future Circum shares as he wants to increase our holding by 200% Hwy are we paying so much for ur borrowing rather than going to the PIs. I know we are acquiring an increased stake in another asset but how much more dilution will there be? Surely he doesnt want that in light of his substantial shareholding!! Any other questions? Wish I could be there!!!

[mike_f] 09/8/2017 16:06

Good luck with that The Bull ;)

[the bull] 09/8/2017 15:53

hovering for another 1M at 0.059 but as this came back level today, feel i could pick them up at 0.05

[mike_f] 09/8/2017 15:51

www.proactiveinvestors.co.uk/companies/stocktube/7906/premier-african-s-george-roach-cementing-and-improving-asset-base-with-increased-circum-stake-7906.html

[donald tramp] 09/8/2017 15:48

As pointed out we are vulnerable now to a hostile bid that is now becoming more a reality than a pie in the sky thought.

If it wasn't Lithium we would be ok but Lithium assets are changing hands, suitors for Zulu for the JV (which I'm sure it will be) will be very nervy and one may make a move out of turn to try and conclude a deal with George, which could lead to a big jump in share price

Alternatively a predator could be accumulating stock as we speak as there is great liquidity.

[mike_f] 09/8/2017 15:36

And our mcap is £26M :D Catching up to do me thinks...

[donald tramp] 09/8/2017 15:31

Our Circum stake is worth £62m.

[edjge2] 09/8/2017 15:18

Certainly something up here.

[in for a penny_in for a pound] 09/8/2017 15:13

Exactly mate.

I will keep topping up till 5p, we are so undervalued in my unqualified opinion.


tedoby29 Aug '17 - 14:26 - 3593 of 3598 0 0
Dave224 It does beg the question "Will Circum somehow feature in Zulu?"

I'm more than happy to spending 1p to be given 20p change. I'd like to do that every day all day.

GLA

[dave224] 09/8/2017 14:55

No afraid not

[jimmy143] 09/8/2017 14:46

Dave

Maybe that 10m buy is dave's punt.

[dark energy] 09/8/2017 14:44

A 10m print at 0.60p time 13:40

when spread was 0.55p -0.6p at 13:40

[dave224] 09/8/2017 14:41

George and his 450million shares must be a good omen.

[dave224] 09/8/2017 14:31

This is a strange one for me to get my head around, hope it works out have taken a big punt!

[tedoby2] 09/8/2017 14:26

Dave224 It does beg the question "Will Circum somehow feature in Zulu?"

I'm more than happy to spending 1p to be given 20p change. I'd like to do that every day all day.

GLA

[jimmy143] 09/8/2017 14:23

dave

Exactly you pinned it.

Prem buying bargain.

No one knows, cash is KING though.


O&G companies have billions in the ground too, but they are not valued in the billions.

[dave224] 09/8/2017 14:20

Mike do they all just happen to be in desperate need of funds there must be more to it as actually its more like 20 times not 10, if circum was sold for 2billion a 0.5% stake would be worth 10million and they sold to Prem for 0.5million?

[mike_f] 09/8/2017 14:14

Dave, Aspen were in desperate need of funds, I would suspect anyone else selling them are in the same boat... happy days for us!

[dave224] 09/8/2017 14:09

Can anyone explain why a company would sell 0.5% of circum minerals to Prem for 500K when it is likely to be worth 10 times this in the near future?

[mike_f] 09/8/2017 13:37

at 1p, .75p will look good value, at 2p .75p will look a bargain ;)

[big bull billy] 09/8/2017 13:35

In a few months?

c'mon I am expecting 1p to be lighted in next few days.

[mike_f] 09/8/2017 13:34

Assays due any day to give us more of a push north, .5p to purchase is history IMO... anything below .75p will look a bargain within a few months.

[big bull billy] 09/8/2017 13:33

I will keep buying all the way to at least £100m mcap, circa 2.4p

[doodlemug] 09/8/2017 13:30

OK

I would like to Bone Taylor swift too. LOL