Premier African Minerals Share Discussion Threads

[tedoby2] 25/8/2017 14:27

Mike-F that sounds about right to me. I think there's every chance that the Circum and Zulu events could be Georges swan song. from what I'm seeing he could retire very nicely from the proceeds. Any why shouldn't he.

You probably know that Prem will be assembling a new BOD imminently. That reinforces your view as well as perhaps the one that more in depth skills are now needed given the potential that lies ahead. I expect we'll hear news on it very soon.

GLA

[sarpanch] 25/8/2017 13:44

Here are my reasons for sticking with PREM - Circum - It will be bought buy big boys soon, which will give us good returns. - Zulu - Amazing asset and we will get regular updates regarding it's progress. - TCTIT - TCT-Indústrias Florestais is controlled by Premier African Minerals Ltd, which in November 2016 acquired a controlling interest of 52% for US$2.1 million in two 26% stakes purchased from Transport Commodity Trading Mozambique Ltd (TCTM) and GAPI Sociedade de Investimentos.The company has an operating license for a limestone deposit in an area of 27 square kilometres and a forest concession with 24,812 hectares located in the centre of Mozambique. - RHA - Production starts in Q4 - CASA project - 5,000 metres drilling programme with the aim to increase and upgrade the existing mineral resource estimate. Half of it will be done by October. 4.2% stake will give us good return. By December PREM will give more then double of my current investment.

[mike_f] 25/8/2017 12:34

One thing I also keep thinking to myself is GR is no spring chicken... I reckon Zulu and Circum are his key to a very handsome retirement! Bodes very well for us along for the ride.

[doctor 69] 25/8/2017 12:30

Vitec very fair , just bought another 1 million

[tedoby2] 25/8/2017 12:13

vitec - a nice well reasoned post. I couldn't agree more!

GLA

[doctor 69] 25/8/2017 11:39

the more you look at Circum , you can fully understand why George wants to be at > 10%. PREM have Zulu as well , these are potential blockbusters, i reckon patience will get us a 10 bagger here and by the looks of it , if Cicum is sold , well you will get the 4 p share price sooner than most believe.

looking to my piggy bank for more here

[activeservo] 25/8/2017 11:21

With the reference to the YA deal, I was pointing out that it's not always the same as before.

[mike_f] 25/8/2017 11:17

I think Nicos' "what" was referring to the fact YA have nothing to do with the shares exchanged for Circum shares.

[activeservo] 25/8/2017 11:11

This reminds me of UKOG before it took off. Constant deramping,moaning "I've seen it all before"...

Nicos I had a fair few similar responses before UKOG took off. I must be useless. UKOG, PRIM, SRSP, YOLO all within 3 months...

[activeservo] 25/8/2017 11:09

Exactly Mike. They don't ALWAYS sell down, the same as YA deals aren't ALWAYS lost causes..

[mike_f] 25/8/2017 11:00

activeservo, every company we've offered shares to in exchange for their stake have sold it down immediately so far so not really no, perhaps they won't all do that however!

[nicosevos] 25/8/2017 10:59

activeservo,
you really do need to read the last few RNSs.....

[activeservo] 25/8/2017 10:56

Has anyone considered that the seller isn't actually "distressed" and simply wants to spread risk by accepting PREM shares for Circum, having investment in two companies both with tier one assets that are shortly due to come to fruition..

[dmitribollokov] 25/8/2017 10:48

To add balance

[billthebank] 25/8/2017 10:48

why are you here dmitri

[vitec] 25/8/2017 10:35

Why they being ultra negative?

[bonzodog1] 25/8/2017 10:31

Does anyone know what is wrong with lse chat

[bittorrent] 25/8/2017 10:17

If you want to put Circum's prospect in perspective, it is about 9 tenths as big as the Isle of Wight!

[mike_f] 25/8/2017 10:09

What's your take on it then dmitri? These smaller shareholders found out its all a hoax and there's no potash, just dust. I suppose GR's mates at Circum are just flogging him a dead horse? Yes, that sounds far more plausible.

[dmitribollokov] 25/8/2017 10:02

Lots of different distressed sellers, how convenient.

[mike_f] 25/8/2017 09:41

Bill, I must admit that is the baffling part, I can only assume they are distressed sellers and can't wait another few months as when the amount is settled in PREM shares they sell them down immediately.

Good post ted, I concur. Exciting 6 months ahead of us