Premier African Minerals Share Discussion Threads

[hiddendepths] 01/9/2017 16:17

Anyone done the sum to see how much the company will get from its placing if the share price stays here?

[edgein] 01/9/2017 10:21

To follow up on Mike's post:



Regards,
Ed.

[mike_f] 01/9/2017 08:45

Lithium price still going up and up:

[dmitribollokov] 31/8/2017 22:36

🎉🚀💥🚀7881;🚀Ӿ81;🚀

[doctor 69] 31/8/2017 21:53

Finished 3 on the bid v 1 , that the best for three days . someone buying today to match the sellign

[cambradjones] 31/8/2017 18:28

Ended flat again, is that 4 days running ?Never been in a share that does that, although as we have seen recently when it moves, it moves !!!

[doctor 69] 31/8/2017 15:57

Buying continues , may be blue by end of day

[vitec] 31/8/2017 15:01

Very droll

[sleveen] 31/8/2017 14:57

Perhaps the buyer can see the wood and the trees :-)

[vitec] 31/8/2017 14:54

Reading through today's RNS and the original RNS detailing the acquisition of TCT IF, I am unclear as to how much PREM have physically paid.

If we are getting a free carry in 50% of the deposit until the exploration programs are carried the questions that need to be answered are:

1. Can we novate our obligations?
2. Once the exploration programs are completed, how much investment is needed to start mining the limestone?
3. What other monies do we need to pay?

This seems on the face of it a sound piece of business. Get rid of the forestry interests and keep the Limestone deposit. Don't have to fork out $2.1 million dollars but get something out of it. Am I missing something? That is how I have read the RNS?

[jungmana] 31/8/2017 14:05

We the shareholders should tell George to sell the whole lot of our share of TCT (including the limestone project) and use the proceeds to increase circum stake.If there is a ready buyer for tct then that's the sensible option rather than issue more cheap shares and constantly drive the share price down.

[vitec] 31/8/2017 13:30

sleveen, that was my take on it but I want to go over the initial deal to check

[sleveen] 31/8/2017 13:07

Comment on today's deal at 4 mins (note this video is recodered prior to today's RNS)
EDIT ADVFN have removed the proactive investor link


Essentially PREM's rights and obligation are transferred (novated) onto the buyer and PREM keep the free carry on the limestone.

Even if the sale is at a nominal price, it seem like a decent deal for PREM. Am I wrong?

[doctor 69] 31/8/2017 12:10

interesting price movement as level 2 now looks good

[sleveen] 31/8/2017 11:32

Because of the bid offer spread.

If the spread more accurately reflected the actual trades' prices the spread should be about 0.39-0.41p rather than the current 0.35-0.45p.

[cambradjones] 31/8/2017 10:38

Dropped 10 % on tiny volume, so no mass selloff. Much higher volume of buying then took it bit back up 5 %. As usual it appears to take much more buying than selling to move the share price Anyone explain why the price only moves in 5% increments???

[vitec] 31/8/2017 10:02

Something funny with these trades. I can sell a large quantity at .4002 but can buy at .4

[vitec] 31/8/2017 09:37

Take today's RNS into context. It is good news but has been released against a backdrop of sellers offloading that have received shares in lieu of their Circum stakes.

[danyo11] 31/8/2017 09:29

Completely pointless RNS as far as I can see

[billthebank] 31/8/2017 09:22

Well todays RNS went down like a lead balloon!!

[vitec] 31/8/2017 08:34

Because other new posters to PREM may take a position that is in line with Dmitiri's. To counter this and give some balance I have to be aware of what is being said. I am no good Samaritan wrapping myself in the Samaritan flag (unlike Dmitiri) but will defend a position that I have taken when it is being challenged by disinformation, fake news and outright lies that are perpetrated by individuals that have an agenda that only serves them.

He is entitled to his opinion and I am entitled to disagree. No one knows the outcome of the future and no one knows if I am right or Dmitri is right but I know who I am backing!

[ihavenoclue] 31/8/2017 08:25

why do people continue to talk to him ? Just filter the idiot as it clearly has an agenda