Premier African Minerals Share Discussion Threads

[jungmana] 22/9/2017 10:44

Vitec- just a correction there. The lowest bid intraday was actually 0.15p. I remember that day very well. Sitting at my computer and cursing George for getting in bed with Darwin. If you want to check for yourself have a look at the 52 week low on advfn.

[mike_f] 22/9/2017 10:25

Circum news by end of Q4 is new... I don't recall seeing any timeframe on this before! I wonder whether that will be a liquidity event or not.

[vitec] 22/9/2017 10:22

Gosh, for once Dodge I agree partially.

I don't think the share price will go to 0.2p. What is your reasoning for this? Gut instinct or wishful thinking? Even in the midst of issuing shares to Darwin the share price (for memory) only hit on the bid 0.25p.

I also have reservations about RHA. I sincerely hope I am wrong for everyone's sake but to many promises and assurances in the past. Recently we were told it was going to be Q4 now it is going to be at the end of Q4.

[dodge city] 22/9/2017 10:10

No surprise this is going down.

0.2p looks a good entry point.

Even if they do manage to get RHA profitable, I doubt they will be able to sustain it judging by the amount of problems they seem to be having with it.

[ianbag] 22/9/2017 09:58

Got this second hand from last night's meeting - that the latest Zulu assays are late as the labs are busy. (!!!)
RHA has "experts" working on optimising it - profitable by end of Q4
Circum news by end of Q4

Nothing new really - but nothing price sensitive was ever going to be disclosed last night.

so the waiting goes on.....

[turbotrader2] 22/9/2017 09:16

He’s a complete useless old idiot

[nicosevos] 22/9/2017 08:56

C&P PREM BB LSE....

beengenius

Price: 0.375
RE: share swap rather killed the share price .
Today 06:47

The finance deal is set up to pay us a better deal for every increment after 0.77 which GR obviously thought is possible /likely. In this case it would actually be a decent source of revenue for us. Obviously doesn't look great now but we have 12 months to make up for it and if they do the business at RHA, as stated, I would also expect us to clear 0.77.



Gtrade

Price: 0.375
RE: share swap rather killed the share price .
Today 07:22

beengenius - I am starting to wonder that you ever been genius..
the finance deals is set to benefit D-Beta not us.. just look at conditions

0.77 to be held to receive 0.7 for share price - this is a nice 10% for D-Beta
if share price 0.77+ they only pay 75% of an uplift... so if share price went to 1.77 (1p increase) PREM would only actually receive 0.77+1*0.75 = 1.52 again nice profit to D-Beta..

and because we are under now it's even worse deal.. as the D-Beta pick 57m shares every month at around .36 level if not even less given the number of days we have now closed at 0.375 I am pretty sure our weighted 10 day low average for September is not higher than 0.4 - giving D-Beta 57m shares at the price of 0.33
Wondered who was dumping shares ?
If as per RNS there was a 30 day lock in D-Beta has 2 month worth of shares = 114m to dump.. August average was 0.425 giving them 0.36 share price now even less so they can comfortably dump at the profit..

Thanks to GR - best CEO on aim for such a fantastic deal

[sleveen] 22/9/2017 08:30

I was just about to ask the same thing.

[ianbag] 22/9/2017 08:05

Did anyone who posts on here go last night?

[goodgrief] 21/9/2017 21:03

... 'PEA within 3 months'

[vitec] 21/9/2017 17:52

IMO Zulu will come before RHA. Realistically, I think we will not get a proper read on RHA to December. The PEA on Zulu will be completed before then and news on a deal should follow relatively shortly after that. George and the BOD should be fed information as to how the PEA is progressing and they should have a good handle on how to conduct negotiations based on what they are being told.

[vitec] 21/9/2017 17:48

We were told that apart from 30,000 USD no more monies would be needed to be spent on RHA. If that is the case I do not see any more money draining PREM due to RHA. Let's face it 20 million USD is enough.

I read somewhere that George's net worth is 3.4 million USD. However, I would take this figure with a pinch of salt. Only George knows what he is worth. What I can tell you is that he owns approximately 8.5% of PREM.

[apache_dropout] 21/9/2017 17:31

When's the next placing?

[activeservo] 21/9/2017 17:24

Anyone know GR net worth? His shareholding might seem large to us but could be just toy money to him, it's definitely all relative!If he bought some more before RHA and Zulu it would certainly help the share price and put his money where his mouth is.

[ihavenoclue] 21/9/2017 17:23

vitec21 Sep '17 - 15:40 - 4647 of 4652 1 0
He is uncomfortable when he talks about RHA but seems relaxed about Zulu. As Zulu is significantly bigger than RHA I am relaxed that it is this way around. If I was looking for my investment to grow on the back of RHA I would feel far more uncomfortable.

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

Having an exciting asset but with RHA loss making is NOT a happy situation IMHO and weakens any deal.

RHA is VERY important to be cash positive as we are then in a stronger position for dealing with Zulu. With RHA draining the coffers the LAST thing we need is for that situation to continue for much longer and have to have more dilution for working capital while trying to get the most out of Zulu.

All IMHO
Regards
IHNC

[vitec] 21/9/2017 16:32

The way to look at it we are one day closer to news and the seller is one day closer to finishing their selling! Let's see what comes out of tonight's presentation. I am not expecting anything earth shattering but you never know!!

[doctor 69] 21/9/2017 16:24

yes vitec , they continue to keep comming , each day i think they have stopped , but again today a load of selsl , but steady buying

[vitec] 21/9/2017 16:01

I would like to know where all of these shares that are being sold are coming from. The only large amount I am aware of is the 685 million.

[doctor 69] 21/9/2017 15:54

i watched both videos , if George is correct and RHA profitable in q4 , max production late Q4 , then this is tremendous. Zulu sounds good and all looks very rosy.

time to top up

[vitec] 21/9/2017 15:40

He is uncomfortable when he talks about RHA but seems relaxed about Zulu. As Zulu is significantly bigger than RHA I am relaxed that it is this way around. If I was looking for my investment to grow on the back of RHA I would feel far more uncomfortable.

Dodge, still avoiding my question. Why don't you go along tonight and air your grievances at least then you could get some answers from the horses mouth.

[dodge city] 21/9/2017 15:07

Exactly, his body language suggests he is trying to hide something.

[billthebank] 21/9/2017 15:03

I do wonder if George is unwell as he always sits in a way where his hands are clasped and he bobs and weaves around a bit too much. Seems to be trying to disguise something. I do not mean in I dont trust this man kind of way I mean in that he has a medical condition that he is trying to hide? Anyone with similar thoughts.OK guys anyone going tonight?

[vitec] 21/9/2017 14:25

Dodge, you never answered my question as to whether you are invested. As I suspect you are not you don't have to trust George do you!