Premier African Minerals Share Discussion Threads

[mike_f] 27/9/2017 12:00

Suggest you read that again turbo, that position was held in 2001...Subsequent to this role, Mr Manhambara became the Chief Executive of Beta Holdings, which is now the largest infrastructure inputs supply manufacturer in Zimbabwe. He also sits as non-executive director on several private and listed companies in Zimbabwe and Mozambique.

[turbotrader2] 27/9/2017 11:56

Oh, an airport person on the board

Very helpful indeed

[activeservo] 27/9/2017 11:51

A board appointment and customary share price mark up isn't going to cut it...

Obviously some deal between Mr Manhambara and the TCT sale/free carry.

[activeservo] 27/9/2017 11:29

The dreaded "general working capital" was also tucked in there.

Whenever that is mentioned, to me it says "more personal income needed, I'd like a new Bentley!".

If he wants that (which is a reasonable request, as I want the same!) then I think it's time to prove that PREM has world leading assets and get the ball rolling, rather than more dilution, bankrupting the company and losing most of your wealth.

[sleveen] 27/9/2017 10:36

active

Plenty more shares to sell come end October.

[activeservo] 27/9/2017 10:34

Re the limited capital, my thoughts exactly vitec.

I know GR is disappointed with the current share price (what did he expect!), so part of me thinks it is a hint to everyone that they need the share price over the 0.7p target.

I don't know how he's going to get it with a large seller in the background. From a PI perspective, you want to buy a share and see it rise, not just pay off a seller.

If it was me, I'd now have a word with the seller to delay selling (if possible) and then release the Zulu assays to get some interest, restart momentum to take us over the 0.7p target. He can then obtain the additional funds and the seller can sell out. Then he can rely on the PEA and future good news to start adding real value to his retirement.

Speculation and saying "significant" several times on some internet StockTube interview no longer works for GR as everyone's lost trust in him. He needs to reach into his back pocket and show actual hard progress.

More news like today's does nothing for the SP, although it does show GR and the BoD that issuing such news no longer works...so there is a positive!

This company isn't rocket science. Imagine running a tech share and desperately trying to sell your product and obtain orders (total nightmare!). This is simply doing some drilling, obtaining lab assay results and the economics, completing commissioning of a small mining operation (and dressing it up to look profitable!) and then negotiating an asset sale...

[ssrmb] 27/9/2017 10:33

Yes Vitec that's one thing that stood out for me. Hope this is quantified quickly otherwise there will be concerns about how the funding will be raised.

[sleveen] 27/9/2017 10:32

Well it cost $1.155m to produce $293k revenue in H1. Profitability is a big ask based on the H1 figures even if there is a substantial improvement.

Current assets $1.3m v current liabilities of $4.8m: net current liabilities of $3.5m.

That $3.5m will have to be found from somewhere, can you guess where?

In addition you have circa an additional $1.5m for H2 G&A to fund.

Confetti time IMHO.

Not a happy bunny, I'm out.

GLA.

[vitec] 27/9/2017 10:25

Prospects for RHA have improved considerably with the recent improvement in Tungsten pricing and provided the limited additional capital to deal with final underground development and plant modifications is available over the next two months, revenues will flow as projected from Q4 this year.

How much is the limited additional capital? I thought the 30,000 USD was the last amount that was needed to do the modifications. Where is this undisclosed sum to come from and at what cost?

[tidy 2] 27/9/2017 10:18

RHA profitable in Q4. Yes of course it will be. Is this mine even open. Same regurgitated news for years.

[activeservo] 27/9/2017 10:05

As if by magic, 10 minutes later an RNS....

[activeservo] 27/9/2017 09:47

I think, as the volume dries up over the next few days/weeks they'll issue more mediocre news for the seller to sell into.

Once the seller is gone I reckon the Zulu news we're all waiting for should be released and off we go, but seems like that's a few weeks away.

Time to sign off on this one for a while.

[nicosevos] 27/9/2017 09:41

Don't forget by the end of October, the CFO may pay up,
and we don't have do the death spiral dance with YA....

[jungmana] 26/9/2017 18:54

thats possible. if you tally the buys to reported sells is about 3 to 1 over last 10 trading days.
Stock is definitely coming from somewhere.
All will be revealed sooner or later

[nicosevos] 26/9/2017 16:15

D-Beta,imo....
Edit,
before YA start shifting theirs...

[jungmana] 26/9/2017 16:00

Correction; I meant half a billion bought NOT a billion

[jungmana] 26/9/2017 15:58

The big question right now is who is supplying all these stock over last 2 weeks? Near a billion shares bought with very little reported sells over last 10 trading days.

[tedoby2] 26/9/2017 09:31

Donald you've really made me laugh! Brilliant.Ha ha

GLA

[donald tramp] 26/9/2017 09:05

I can see this being 83p in quick succession, then probably straight on to a couple of quid?

I've done some calcs and submitted them to the accountants for them to run the slide rule over it all. Should have an answer back just after lunch.

Please do not re-post this on other bb's as I would like to keep the price as low as possible over the afternoon session if I get the green light, to take a few more, probably at least 500 shares.

NAI

DT.

[wallyjumblat] 26/9/2017 08:22

Cant really argue with that either, but at some stage given the assets and where the share price is now I believe there is substantial upside from here, all the doom and gloom is priced in but nothing else. IMHO

[ihavenoclue] 26/9/2017 06:50

bushranger ... well I have to agree with you there. IF GR managed to keep to some of his timeframes it would be a very different picture and the way he wiped out the rise was pretty impressive IMHO

[bushranger] 25/9/2017 22:09

For me there are three red flags that can clearly be seen. 1) Time frames/ development plans not being kept. 2) Repeated dilution 3) Shares being recently suspended because accounts could not be completed in time.

[ihavenoclue] 25/9/2017 18:51

bushranger25 Sep '17 - 10:18 - 4692 of 4694 3 1
I think George knows exactly what he is doing. It is investors that need to open their eyes to all the red flags flying in the wind.

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bush .. please enlighten us to the red flags you see ... perhaps George has a secret agenda where he wants his 10% to be worth as little as possible and we are all being dragged along for the ride ?