Premier African Minerals Share Discussion Threads

[dr jekyll] 11/8/2017 10:52

Cracking post DT. I like your style.

[frost1] 10/8/2017 21:07

European tungsten price up 9%.

[mike_f] 10/8/2017 21:05

We are dragonboy, assays due imminently. Tomorrow or Monday for the release IMO.

[donald tramp] 10/8/2017 20:26

Stephen Dattels Chairman of Circum Minerals

Just read his CV, and we share a common director.

He will be wanting a piece of Zulu, directly or indirectly, it's right up his street, watch this space.

Stephen Dattels is a seasoned senior mining executive and resource financier who has founded and/or financed numerous mining ventures in several continents in diverse commodities including gold, LITHIUM, uranium, copper, nickel, iron ore, coal and potash with Circum. He is also an active investor in oil and gas exploration in Africa and was one of the founders of two successful private African oil and gas exploration companies, Signet Petroleum Ltd. and Regalis Petroleum Ltd. Mr. Dattels is currently Joint Chairman of Fast Forward Innovations Limited, a director of LSC Lithium Inc. and the Co-Founder of Circum Minerals Ltd.

Mr. Dattels was a senior executive and director of Barrick Gold Corporation during its formative years, when it grew from a capital base of US$10 million to a market capitalization of US$2 billion when he left in early 1987. Since leaving Barrick, notable companies he founded include International Pursuit Corporation, which was active in mineral exploration in Southeast Asia; International Gold Resources Corporation, which developed and sold the Bibiani mine in Ghana; Caledon Resources PLC, which owned and sold the Cook coking coal mine in Australia; Oriel Resources PLC, which developed and sold a nickel and chrome mine in Kazakhstan to Mechel Steel Group for US$1.5 billion; UraMin Inc., an explorer and developer of uranium assets in Africa which was sold to Areva for US$2.5 billion; Polo Resources Limited, a natural resources investment company which has invested in uranium, coal and gold assets in Africa, Australia and Asia; West African Minerals Corporation, an African iron ore development company; and Regent Pacific Group Limited, a natural resources investment company.

Mr. Dattels has also provided directly or indirectly early stage funding for numerous resource companies through various investment vehicles, the most notable of which was Kalahari Minerals PLC which controlled Extract Resources Ltd., which developed the Rossing South uranium deposit in Namibia and subsequently sold the asset to two Chinese Government controlled entities for US$2.2 billion. One of such investment vehicles, Polo Resources Limited also owned 10% of Extract Resources Ltd. during its development stage.

Mr. Dattels is currently active as Chairman of Regent Mercantile Holdings Limited, a private investment company. Mr. Dattels has a Bachelor of Arts degree from McGill University, a law degree (cum laude) from the University of Western Ontario and has completed the program for Management Development at Harvard.

[dragonboy] 10/8/2017 19:53

Are we due some more news?

[highly geared] 10/8/2017 19:36

I think a Circum event is on the near horizon and this explains the recent frantic efforts to get hold of as many shares as possible, regardless of the short term dilution and Prem share price weakness.....

[doctor 69] 10/8/2017 16:46

Mike F and Vitec , thanks . been adding PREM all last week and this week .

good luck

[vitec] 10/8/2017 16:43

Sorry Mike I think you will find it is 2022. We will not have to wait that long to see value from Circum. A liquidity event will happen way before 2022.

[mike_f] 10/8/2017 16:06

Lol DT

Doctor, the Danakil Potash mine isn't due to start production until 2021. The event we are waiting for is a listing on the stock exchange or a sale which would then unlock the value in the asset.

[doctor 69] 10/8/2017 13:25

When is circum likely to start making sales

[donald tramp] 10/8/2017 12:31

Just for the mix,

Circum listing.

Some suggesting an RTO but can't see that one for the life of me.

[sarpanch] 10/8/2017 12:18

A definitive feasibility study suggested the total value of Danakil was in the region of US$2.1bn – after tax.If true that means Premier's stake is worth around US$84mln; a sizeable amount given the explorer's current market value of £18mln.Circum is targeting annual production at Danakil of 2 million tonnes (Mt) of potassium chloride and 0.75Mt of potassium sulphate for phase I, with the possibility of two or three further expansions.

[sarpanch] 10/8/2017 12:15

I think it was a good decision to buy Circum shares. In long terms it will add value to PREM shares. - Premier's 4.2% stake could be worth as much as US$84mln according to a recent definitive feasibility study

[mike_f] 10/8/2017 12:07

Buy price increasing again, hopefully we finish flat or up, I reckon assays will be released Monday.

[mike_f] 10/8/2017 09:47

8% Lithium, Ed :D hello!The assays due now are for the 6 additional holes, the 14 most recently drilled will be 2 - 4 weeks away but perhaps GR wanted a sneak peak at what they could be by taking those samples along...I expect the assays due imminently to be very good and the most recently drilled due in a few weeks to be exceptional :)Fingers crossed. GLA

[tedoby2] 10/8/2017 09:29

Is any one going next Thursday that might be able to give feedback please?

I live too far away to make an evening meeting.

GLA

[edgein] 10/8/2017 09:19

Jung,

Thanks for posting that latest interview with George. Seems like he's trying to get SGS to get him some assay results by the investors meeting next Thursday. He looks quite excited. Even brought SGS samples from the new high grade/practically pure holes. When you look at the SGS factsheet on lithium, pure spodumene is theoretically 8.03% lithium, so we could get some decent grades from the samples, potentially over 2% lith it could well exceed that. Its good to see folks getting in at a fraction of the value of the circum stake and getting a free crack at RHA and Zulu.

Regards,
Ed.

[billthebank] 10/8/2017 09:16

Mike Thanks for sharing the LSE post.Momentum gathering.Looks like a yo yo day today!!!

[bittorrent] 10/8/2017 09:11

Yes Vitec, that is why I posted without comment, not tipping XTR at all.

[vitec] 10/8/2017 09:07

Bit, I was a large holder in XTR. Sold the lot and placed all the money into PREM. XTR in my view is a busted flush and will take a very very long time (if ever) to get back to where it used to be.

However, I suspect you posted the RNS to highlight the fact that they have paid off YA. I had to laugh when I read "due to the uncertainty as to the future number of shares to be issued". There are two things in life that are certain, death and taxes. You can add a third. Invest in AIM companies and expect a "torrent of additional shares to be issued"

[ianbag] 10/8/2017 08:53

Whilst most of my lithium investment is in Prem, I have a small interest in SAV - who have released an RNS this morning on their lithium pegmatite drill results - worth a read.

[bittorrent] 10/8/2017 08:44

XTR - Equity Placing
Termination of YA II EQ facility
Total Voting Rights

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to announce that the Company's Broker, Beaufort Securities, has today conditionally raised £1,300,000 (before expenses) following the placement of 76,470,590 new Ordinary Shares of 0.02p each ("Ordinary Shares") at 1.7p ("Placing Price") per new Ordinary Share (the "Placing").

The net proceeds from the Placing will be utilised by the Company to repay, in full, the amount outstanding to YA II EQ under the existing Loan Note Facility (as announced on 5 April 2017) of US$ 583K and accordingly the facility will be terminated. In addition, funds will be utilised for the pre-production costs for the Manica Alluvial operations and the balance for general working capital purposes and business development.

Colin Bird, Chairman said: "The funds have been raised to fully settle the amount due to YA II EQ Ltd. This decision was made on the basis that the Company has determined the full number of shares to be issued and therefore would not face an uncertainty as to the future number of shares to be issued to YA and therefore conserve future earnings for company development. This is an exciting time for the Company as it moves forward with sufficient funds to cover pre-production costs for the Manica Alluvials projects. Both contracting parties are progressing the production preparations and remain on target, if not ahead of their contractual target".

[vitec] 10/8/2017 08:30

Very much along the lines that has been outlined on this BB. I think we know what the strategy is or going to be it is all about execution and communication to shareholders.

If more Circum shares become available I can see them being purchased with more PREM shares until such time as we have cash in the bank. The rub will come if prospective sellers insist on cash rather than PREM shares but I think as each day goes by PREM's hand gets stronger both in its ability to buy and to sell. Exciting times ahead, within a short time frame.