Premier African Minerals Share Discussion Threads

[sleveen] 06/9/2017 08:56

IMHO not enough is being made of RHA.

Look at ORM and WRES share price rise, and full production is at least a year away if not more in the case of WRES.

[ihavenoclue] 06/9/2017 08:42

You were saying? :(

[doctor 69] 06/9/2017 08:30

At last blue first time in ages

[doctor 69] 06/9/2017 08:23

Strong looking level 2 better soon

[vitec] 06/9/2017 08:00

dmitri's back with his useful one liners!! Welcome back.

Donald, I agree with your assessment of the interview. George, feels uncomfortable talking about RHA as he must be very frustrated that the goal posts continually keep moving. I don't expect to see anything from RHA to the end of the year.

Zulu is a completely different beast. George can hardly contain his excitement. This is going to be the company making, defining asset. I am even more convinced, now that the decision has been made regarding Circum, that the strategy is to unlock value from Zulu, purchase more Circum, unlock value from Circum and then invest more monies into Zulu.

[donald tramp] 05/9/2017 22:57

He's full of Lithium and Tunsten if you listen to him, oh and limestone and gold.

[donald tramp] 05/9/2017 20:59

ihnc

No chance RHA in 4/6 weeks in his own words he says by end of quarter 4, he used to say by quarter 4, listen to it again, and look at his body language it speaks volumes.

He talks all the assets up, go back two years and listen to any other pro active interview, TCT a classic when he had just acquired it, significant this and significant that.

DT

[ihavenoclue] 05/9/2017 20:34

Donald ... sounds to me that RHA will be up to full levels in '4 - 6 weeks' so unsure about the 'spilling into nex year' comment.

As for him talking up the assets it seems to come from frustration to me that he doesn't yet have the data to back up his claims but he feel he will have in a few months.

All IMHO
Regards
IHNC

[ihavenoclue] 05/9/2017 20:31

October to Year End looks like a lot of pieces are going to be falling into place .. that allows investors 3 - 4 weeks to get on board.

All IMHO
Regards
IHNC

[donald tramp] 05/9/2017 20:29

Just watched the video, my take.

Circum
Great news that no more shares to be bought in the foreseeable future. For me there's no gain from this asset till into the NY at least, when maybe it will be IPO'd or the like so that's what we are not seeing anything reflected in share price

Zulu
Clearly from his tone he is really excited about this and that is progressing as it should, we will be adequately and some more rewarded from this in an uplift in the share price over the next three months.

RHA
End of the year before this is sorted out and producing at levels to make a profit, but could spill over to next year, no addition in share price from this till then.

Overall not a bad interview, but getting a bit fed up of his usage of significant this and significant that, and substantial this and substantial that all the time, it doesn't sit well with me.

[hemsworth] 05/9/2017 17:27

Don't forget that 12/13 tonnes is underground ore only. The open pit is due to supply/process the rest.

[billthebank] 05/9/2017 16:21

Okay listened to to proactive vid. Thanks Sleveen. It seems to me that George has been lent on by the exec and indicated to him that it would be prudent to back off Circum for the present and in light of the share price he has a get out clause Look at his body language when he is speaking about Circum. Look at the complete change in him when he talks about ZULU and the PEA which should be available in early November. Full assays due in the next 4 weeks so all good there. Also interesting that talks are continuing with third parties re ZULU but totally clear PREM will not enter into serious discussions until Assays and more importantly the PEA is completed. Then we have RHA This is quite clearly a great frustration for him and we are now talking I believe we will be producing 12/13k tonnes in late Q4!!! I need to revisit but it sounds to me as if there is an issue here. A little worrying Will try and find old RNS from the Summer

[doctor 69] 05/9/2017 15:36

Price looking like it will rise later today

[jungmana] 05/9/2017 15:18

Thanks Mike for the confirmation. Am stuck at day job and will listen later.

[mike_f] 05/9/2017 15:05

That's right Jung, I've just watched the interview, good news! No more damage to the sp, should see a pick up in buying activity and a good reaction to further positive news moving forward! GLA

[mike_f] 05/9/2017 14:36

Are my eyes deceiving me? Are buys above the mid?? Assays please!!

[vitec] 05/9/2017 13:52

Be careful Ed you will have timw3 accusing you of looking at this through rose tinted glasses and that you have been reincarnated as me.

Today's posts are exactly what we need. Opinions from both sides of the debate. It seems we are all agreed to a varying degree that we do not like YA. If I am honest I am not keen on continually issuing shares in exchange for additional Circum shares. However, I continually believe this is part of wider strategy.

Jung is absolutely correct to point out that some CEO's get it completely wrong even when there is a compelling story. I got it wrong with my investment in XTR. I believed that Jan Nelson knew what he was doing. Unfortunately, that was not the case and the rest is history. Due to bad experiences and poor decision making on my part in the past I want to hear the other side of the debate. There were those on the XTR BB that continually warned that it could go wrong but they were ignored. I am not blind and stupid enough to believe that a curve ball could not be thrown into the PREM mix that cannot be legislated for but I stay invested because of Zulu and Circum. The jury is out as far as RHA is concerned but the pressure is on to make this work. PREM has invested 20 million dollars into the venture and that money in the main is ours. Where RHA is concerned I have a very low tolerance to any more excuses but as it stands it is not a deal breaker for me to up sticks and sell.

[ssrmb] 05/9/2017 13:30

Nice chart:

[dr jekyll] 05/9/2017 11:14

Very interesting Jungmana and Bill. Very useful to see other points of view. Not keen on YA myself Bill but I am hoping that George knows what he is doing.

[billthebank] 05/9/2017 10:37

Edge yeah I get that but as for raising moneys any way but loose I do not like that at all. I absolutely detest YA Global with a passion and the share price will be in a serious position now which is very disappointing. Yes we could average down and buy in at a lower price but to be perfectly honest I would rather be averaging up and enjoying great news! As for RHA yes we only have to wait until prob end of Jan for positive info and the assays on The main ZULU and also more importantly the SE Zone should see us rise. There must be a reason for raising money at exhorbitant terms and I am sure that will all come out in the wash but like Vitec I am sure there must have been an easier less expensive and less complicated way of doing this. The share price is languishing and whilst probably incorrect I just feel that the share price will remain at these low levels whilst the YA deal is on the table. From memory there were 6 suitors interested in ZULU That for me is the exciting aspect. As for Circum I sometimes wonder if we should just concentrate on RHA and ZULU only for now