Premier African Minerals Share Discussion Threads

[dodge city] 29/9/2017 18:22

Read it and weep Vitec, 0.2p coming soon.

[dmitribollokov] 29/9/2017 18:15

Bill - contemplating buying at some point, want to see price action; definitely not in the primary bid. The removal of the death spiral is positive, but GR's management is disasterous. The asset remains solid, but the guy is a complete liability. As i've said before, having a great asset is only a small part of the puzzle in AIM.

[billthebank] 29/9/2017 18:12

dmitri. I totally undestand your comments but really going forward whats not to like now? I guess you are not holding any at pres? If You are will you take part in the offer?Curious

[jungmana] 29/9/2017 18:12

Bill - at least George is rectifying a big mistake. Very positive news and imo assay results will start rolling in from next week.

[dmitribollokov] 29/9/2017 18:11

Good news is that Darwin will have hundreds of millions to sell you at 0.3p bill.

No mention of the break fee or how many options they've been granted. Plus the fees for underwriting. Being milked again...

[billthebank] 29/9/2017 18:09

This is great news.So unexpected Good bye once more D Beta and YA I am doubling up.My reservations have been totally removed.I like to think my e mail 're D Beta and Primary Bid did the trick Hah hah hah.I agree that they could have got 0 35 without any problem but I will take 0.3p every day of the week!!!!

[dmitribollokov] 29/9/2017 17:56

I think GR must be senile. Look forward to hearing from the usual suspects how shrewd a ceo he is and that actually the share price is going to be 5p by xmas.

You were warned, maybe next time you'll listen...

[activeservo] 29/9/2017 17:42

I think he simply didn't realise the market's view of YA. Certainly made him get in touch with shareholders, but I agree it was a costly mistake.

Perhaps a question for the next interview on that StockTube!

[mike_f] 29/9/2017 17:38

Why didn't he do it in the first place though :( now they are going to be issued at .3p... glad it's happened but just wish it was done earlier so we didn't have so much dilution and destruction of the share price!

[activeservo] 29/9/2017 17:38

Just hope that "working capital" doesn't line the Beta chap's pockets too much..he should be a shareholder tbh..

[jungmana] 29/9/2017 17:34

I agree Active. I can see this primarybid being oversubscribed just like last one in March.Time to load up for the exciting 2/3 months ahead.

[activeservo] 29/9/2017 17:32

Seems GR has listened to shareholders and is correcting his mistake. That also regains trust and respect. Another good move.

[activeservo] 29/9/2017 17:23

You were right Jung.

That's very good news.

[jungmana] 29/9/2017 17:14

Anyway good decision . Better late than never. Can't wait to see the back of YA especially with the zulu PEA due for completion in 4 to 5 weeks time.

[jungmana] 29/9/2017 17:10

There you go. Something that should have been done 8 weeks ago when share price was about 0.80p. Instead went for bloody YA.

[turbotrader2] 29/9/2017 17:06

Erm news out

[vitec] 29/9/2017 15:16

Ed, the issue is that George is always optimistic about the future but unfortunately the market does not share his optimism. He is tainted in the sense that the market is shouting "don't tell me, show me". We all need to see this optimism translate into something tangible. Do I think it will happen? Yes I do. Do I think it will happen in the time frames we have been told? I reserve judgment. George and the BOD need to understand expectations and manage them accordingly. I like the strategy and I wholeheartedly endorse it but I now want to see the execution.

[edgein] 29/9/2017 13:52

Bill,

No not at all. Limited capital, so therefore low cost as the mine is already there as is the plant and equipment. They were opening up other stopes over the past months. Well they should have all the "limited capital" they need thanks to the YA deal. I hope YA haven't forward sold too many though as the PEA or further assays could send us above the financing price again. If they do a deal on Zulu then they'll have way more than limited capital as they think its the largest undeveloped hard rock lith discovery in the world. :)

GR seemed quite confident to me in recent interviews that RHA would be producing profitably by y/e.

Regards,
Ed.

[vitec] 29/9/2017 13:26

Bill, we have all highlighted this vague comment as no one actually knows what it means.

[billthebank] 29/9/2017 13:09

Thanks for that Ed.Did the sentence below bither yiu at all from RNS this week?

provided the limited additional capital to deal with final underground development and plant modifications is available over the next two months

[edgein] 29/9/2017 12:42

Bill,

I'll be quite happy to comment on RHA's cash flow issue:



(thanks to knowing on the THR thread).

Tungsten is going orbital and the company expects RHA to achieve full production and profitability next Q exclusively from the higher grade underground material.

Ideally though since we've used YA to fund our expansion drilling, George will use the significantly increased size of Zulu and Zulu SE to negotiate a deal on Zulu (as GR mentions negotiations still ongoing) and use a tiny amount of that to repay YA each month rather than let them convert.

Regards,
Ed.