Premier African Minerals Share Discussion Threads

[ihavenoclue] 14/9/2017 19:52

Bill .. think it is just more unloading but getting towards the end now IMHO

[billthebank] 14/9/2017 17:48

Sorry guys but someone is playing this share at present. All very strange. Not far 100M trades and nowt all very curious

[cambradjones] 14/9/2017 16:27

Buying for hrs to finally take it up, then the slightest whiff of a sell and we are bashed back down again. Nothing changes : (

[sleveen] 14/9/2017 16:13

At least th share price was up then level rather than down :-)

[billthebank] 14/9/2017 15:27

And now we have the YOYO effect
!!!

[billthebank] 14/9/2017 15:20

Dingo That is just ZULU!!!!!

[ny boy] 14/9/2017 14:53

We all know the hidden value here, not long to wait, until we start moving above 1p to start the journey. Tick tock, patience required!

[dingo75] 14/9/2017 14:38

Vitec

I was being conservative as well on zulu and PREM's market cap.

I have collated data from a number of deposits and quoted companies.

Results I can show you are as follows:-

Let's call it 160 million tonnes Li. grading 1.25% overall (for some flexibility.)

This would equate to a NPV of $4.1 Billion.

This would easily justify a market cap of £215m.
Near on 10 times today's market cap of £22m.

With Lithium roaring ahead in price I have not taken account of the recent upsurge.

If they only get to half that tonnage resource we are still 5 times too cheap.

Target Price 2.1p to 4.2p.

Just my own figures and please don't take them as Verbatim.

[mike_f] 14/9/2017 14:37

Full ask paid, let's finish blue today :) exciting couple of months ahead! GLA

[billthebank] 14/9/2017 14:19

There has to be a reason for this share being so lack lustre!!! Soooo frustrating

[edgein] 14/9/2017 13:59

Doctor,

Yeah looks like it and folks continue to load up on the cheap, not be long before full ask is getting paid here and its not been like that since GR acquired the last bunch of Circum so looks like seller cleared. I don't think YA is gonna be wreckless and forward sell them all. Then to find they'll be taking shares at 0.7p and above that would be a dangerous game to play. Assay results and further drilling could come at any time then PEA and revised resource. That's a really dangerous assumption to make that you could forward sell them at 0.4p and get them awarded through the financing at 0.4p or less with the amount of news coming. Zulu has risen from 20Mt and is now thought to possibly meet or exceed 160Mt when fully drilled. Who knows where the limits might be. Lithium isn't cooling off either, demand is going to huge over the next 10 years for EV and power storage for wind and solar power.

Vitec,

Its quite possible that the next circum purchase and I've little doubt there'll be more, will likely come from next year's RHA free cash flow. I'm now getting filled again for the next 1p spike but my core will remain for the Zulu JV/sale as its shaping up to be multiples of our cap. The worlds biggest undeveloped lith asset and a £20m cap, this dam will break at some stage and we'll flood towards a more realistic price. 4.5p may be someway off from your post as you acknowledge but 2p may not be with the right deal on Zulu and RHA gushing cash on a tungsten squeeze. With average grades of 0.25% RHA is gonna be one of the higher grade producers on AIM. With RHA owing us $20m+ we'll see tax free cash flow for years to come.

Regards,
Ed.

[stealive] 14/9/2017 13:52

It's going to go blue

[doctor 69] 14/9/2017 13:41

Not a sale for over hour

[billthebank] 14/9/2017 13:27

So is there still a large sell order in the background. Surely there must be? I still think YA are already selling there anticipated windfall!! F#####G Company wreckers

[doctor 69] 14/9/2017 13:25

The buying continues , the selling ? Drying up

[ihavenoclue] 14/9/2017 11:46

dingo7514 Sep '17 - 08:57 - 4410 of 4417 1 0

I wouldn't be worried with George's desire to get Circum for stock, as every share issued is worth more after it has been issued due to him buying Circum shares below their true value.

==========================

That would ONLY be true if PREM's current share price was at fair value but as it isn't even close we are losing out with each transaction. The ONLY way for it to be in our favour is IF there is a liquidation event.

[geoffmanana] 14/9/2017 10:20

Just added another 1m.

[geoffmanana] 14/9/2017 10:09

The obvious overhang looks to be clearing.

[jungmana] 14/9/2017 10:00

Vitec and quazie I agree with both of you. Good posts there

[vitec] 14/9/2017 09:40

Dingo, where I cannot disagree that the potential at Zulu and for PREM overall is massive, I am cautious that the share price could go to 4.5p (10 times upside from here). That would value PREM at approximately 250 million pounds. Not impossible in the longer term but I feel uncomfortable with the suggestion that this will happen anytime soon.

PREM has prove that that the assets are not just potential. Revenue and profits have to be derived from these assets. I am not assured by George that once the share price has risen that he will not start the purchasing of Circum shares again. This could depress the share price again.

I hear the voices stating we are getting Circum on the cheap. All well and good if you want to continually roll the dice to build a bigger company. Unfortunately, as a shareholder I don't want to be a long suffering shareholder, continually being promised the earth and that the jam tomorrow will be in abundance. What I want to see is the assets sweating and producing revenue and profits, instead of my sweating hoping that the monies I have invested will reward me. This scenario is played out for to many shareholders in too many companies. The time has come for us to see some reward now instead of the much larger mythical reward that is in the future.

I want to see George and the BOD concentrate on the assets we have and do their very best to reward all shareholders. This should be their number one priority and concern. No one can deny that the reputation, trust and faith that many shareholders had has diminished. This needs to be restored and the way to do it is to have a strategy and deliver it. Concentration of effort, time and money is what is required and I am now starting to see this with the suspension of purchasing anymore of Circum. Get RHA right first. Deliver a deal with Zulu first. Sell or part sell TCT IF first. Then look again at Circum.

[vitec] 14/9/2017 09:19

It seems with Tungsten and Lithium, both of which we have in abundance, the perfect storm is forming. Trick now is to get it out of the ground and get rewarded for the prices that can be achieved.

[nicosevos] 14/9/2017 09:06

You've most probably already had sight of this....

[dingo75] 14/9/2017 08:57

a 200 mt eventual lithium resource at Zulu would give them an easy 10 times upside from here. I wouldn't be worried with George's desire to get Circum for stock, as every share issued is worth more after it has been issued due to him buying Circum shares below their true value.
For me that's a side show.

ZULU is the Prize here.

[vitec] 14/9/2017 08:49

It would appear prima facie that the MM's are reliant on sellers coming out of the woodwork rather than knowing they have a block of shares to sell.

I have concluded this by looking at the bid price after a couple of purchases have been made and the MM's are raising the bid. Bodes well but it is early days!