Premier African Minerals Share Discussion Threads

[billthebank] 18/8/2017 10:49

Post edited including all other vowel issues!!!!!!

[mike_f] 18/8/2017 10:43

100% a buy, highest price paid today.

[doctor 69] 18/8/2017 10:40

Auusie what this means , if a large trade the mm can delay telling the market and so it gets evenign more confusing to know if a buy or a sell , however it looks like some buys comming in

[aussieb3] 18/8/2017 10:39

If u look at price I'd say prob a buy

[bittorrent] 18/8/2017 10:37

aussie b3, OK – Ordinary trade with delayed publication requested. So don't know if it was a buy or sell.

[aussieb3] 18/8/2017 10:30

Some big buys coming in , wonder who buying , 6 million shares

[aussieb3] 18/8/2017 10:07

Cheers doctor

[dmitribollokov] 18/8/2017 10:03

And it's 'mooted' not 'muted' if you want to get into nit-picking tramp

[doctor 69] 18/8/2017 10:03

auusie the automated system just takes the mid price and guesses if a buy or sell relative to mid price , but in this stock it is usually wrong

[aussieb3] 18/8/2017 09:59

Why does the last 10 trades on here show as sells when there buys

[doctor 69] 18/8/2017 09:57

billybank : sound analysis

[donald tramp] 18/8/2017 09:56

Just a small point

It's ceteris paribus, apart from that good post btb :)

[billthebank] 18/8/2017 09:50

Plasbryn It is rumour mongering nothing more.DB You do have a point here.George came over to do a presentation with a view to re assure investors.From what I can make out those that attended were indeed re assured so the evening was a success.The finance arrangement is not a good one IMO but you do have to say why would George do it.Well I think vitec covered that off.Clearly George has a plan and one day we will find out what that is.The feeling is for those invested now is that we need to wait for assays next which will re inforce the reason for making interested parties waiting re ZULU.After that we need to wait for PEA on ZULU part one.This will take us through to late October.George is clearly expecting the share price to rise significantly IMO on the back of that.By the year end it is expected that RHA will have overcome present problems and we will be extracting on a continuous basis.Again this should have a positive impact on the share price Lets be fair we are valued at under £20M.So RHA alone would ceteris paribus justify this share price alone. The next question is why did we arrange for Daines to have a look at ZULU ( I think this is where the Dattels rumour is coming from?) There also appears to be someone hoovering up shares at this low price but who knows there could be some perfectly simpler explanation.

THE DOWNSIDES here for me is:_
That George is 68
Finance arrangement expensive
Cashflow is weak for plans
ZULU is in Zimbabwe
Premier spreading itself too thinly
George and Circum
RHA issues

THE UPSIDES
ZULU part 1
ZULU part 2
RHA providing cashflow inside 16 weeks
Assays due
PEA due in 9 weeks
Rumour
George owns more than 10% of the company

[donald tramp] 18/8/2017 09:37

It all fits.

[doctor 69] 18/8/2017 09:34

As we were all expecting an rns and did not get one yesterday , todays blue is a pleasant surprise , but lets see where we end

[mike_f] 18/8/2017 09:31

Nice turn around on the day, if we can stay blue it's a bullish signal. Higher highs and higher lows forming. GLA

[plasybryn] 18/8/2017 09:29

What this about Dattels?

[donald tramp] 18/8/2017 09:23

Looks like Dattels could be involved then, which is what I muted at the other day.

Only hearsay so don't quote it as gospel, but would figure to me.

[dmitribollokov] 18/8/2017 09:22

Just because the stuff is in the ground, it doesn't mean you'll end up benefitting from it if the company is badly run and the financing is poor.

You're correct it's not rocket science; it's finance and behavioural science, so it's best to apply what you know of those. Whilst sitting on an undoubtedly excellent asset (albeit in an awful jurisdiction) GR's chess moves in the last 3-4 months have been poor and are signalling something that isn't right. He clearly doesn't know how to raise the requisite finance without trashing the share price

[doctor 69] 18/8/2017 09:13

Vitec is a 100 % correct. PREM have a great asset or two , but when you hold a massive asset a small company is never going to have the cash to bring it to production. It is normal to raise some money but then get a big partner on board. Thus needing some more money is what we and the market expect. What is important is PREM has an asset unlike oil which price collapsed , but an asset that is in big demand and rising. It is not rocket science . There is some risk , but your choice is get in now and hope for a 10 plus bagger , which comes with some risk or wait till over 2p when risk is less.

I have chosen to get in now , lets see what happens .

[dmitribollokov] 18/8/2017 09:11

Fair play vitec. Too many red flags for me though, this is AIM and it's Zim, i need to be very convinced. When a CEO renege's on a recent promise on such a key factor, I'm not impressed; nor is the mkt it seems, look at the share price

We have opposing views, but it's nice to keep the debate civil.

[vitec] 18/8/2017 09:04

I am off out now to go and collect my daughter from Gatwick Airport so I will not be able to respond to the plethora of responses!

[vitec] 18/8/2017 09:00

dmitri, you should know that I am not of that ilk. I like debate.

George did say that he did not want to go down the Darwin/YA route of financing but for whatever reason he has. I have said I believed it was expediency and the need to have cash then and there. The argument could be why buy more Circum shares and do this type of financing? That to me is a perfectly good question. However, you and me and everyone else does not have all of the facts and there could be very good reasons.

I have written in the past that CEO's that run their own companies and then they become Public Limited companies sometimes sail close to the wind but in the main they observe corporate governance. However, they can also be run as personal fiefdoms. George is in a strong position as a substantial shareholder as it stands. I have been spun the line before "what is in my interests, is in your interests" but when you invest and you7 research and you like the story you have to believe that the CEO and the BOD genuinely want to do their best, which in turn is good for shareholders.

We all have a choice. If you do not believe then sell, if you do believe then stay and hopefully share in the rewards. Too many want the rewards quickly and this may take longer than many expect.

[dmitribollokov] 18/8/2017 08:51

GR willingly entered into death spiral financing a couple of months after saying he would never do it again and had learnt his lesson. It doesn't matter how good the assets are, he is, at worst, a crook, or at best, incompetent.

(Cue torches and pitchfork, 1p by next week brigade's apoplexy)