Premier African Minerals Share Discussion Threads

[edgein] 13/10/2017 09:35

Jung,

I've stuck them on my watchlist, sounds as if they've almost as good upside as KEFI.

Andrew, ah but its not all about Tjate at JLP, sure a deal is nowhere near as imminent as its here for PREM's zulu. JLP its about the cash flow from the tailings that makes them look cheap especially as grades improve and volume processed in particular improves. If however they then also get a jv on Tjate it's the additional explosive upside. I reckon they'll eventually get to my target selling price on Hernic regardless of Tjate.

Regards,
Ed.

[andrewsr] 13/10/2017 09:26

Waiting for Tjate or Godot? Will a JLP JV ever happen? I was waiting about 10 years ago for Tjate before giving up - anyway good luck with that! Hopefully waiting for assays here won't be much longer.

[jungmana] 13/10/2017 09:12

MNC is another tiddler that is sitting on a 2.8m oz gold resource in Colombia. Production starts in q2 2019 of 50,000 oz annually. DfS is overdue and hopefully out next week. Dyor always

[edgein] 13/10/2017 09:01

Agreed fellas every porty needs at least a few JLP tucked away, not just for Hernic reaching peak capacity but also for the jv on Tjate. Much the same as PREM in that respect, actually similar in many respects when you take into account the production coming here from late Q4 given the tungsten price increase this year.

Vitec,

I'm not sure how did you take a hit on UKOG? They're up from 0.8p, did you buy all the way up or something? Agreed on what you say above though I'm a bit more optimistic on RHA. AISC should be really low for this one in Zimbabwe, just all about plant performance and according to some of GR's interviews they've learned a lot over the past two years. Also GR said back during the summer that a few more months drilling should be enough to get a much better deal on Zulu so I guess we're closing in on the latter stages of the drilling programme now before we do the JV/sale. PEA and assays are both likely to give us significantly more trading volume for sure, but imo we're now on a countdown to the Zulu deal.

Regards,
Ed.

[vitec] 12/10/2017 17:27

Because I understand the story and the assets. Their is of course risk with this strategy and I could have got it wrong but PREM has on several occasions hit 1p and beyond and when it had in the past it could have been argued that it wasn't warranted now I believe it is. The assets are fantastic now they have to sweat instead of us poor LTH's! I will continually add as and when I am able to.

I have taken a hit on my UKOG holding but that is 20% of what the original holding was and the majority of the monies have found their way into PREM. Why did I build such a large position? It was based on Zulu and the fact that I believed by the end of July a deal would have been struck. The fact that there has been a delay due to the PEA and that the resource is significantly and substantially larger than anyone including George thought shows what a monster it is. I am comfortable for the true value to be outed in time.

I do have some concerns. RHA for one and the number of shares in issue make it harder to get to where I want the share price to go but as the story unfolds and other investors understand the assets and the potential there should be a lot more buyers than sellers. I think once we pick up momentum it will keep on going. The magical 1p will be a milestone for a large number of PI's. If the share price can get beyond this point comfortably then who knows where it will go. What I can say is that the market is valuing PREM as if a whole torrent of bad news is going to hit us. This is reflected in the MCap which frankly is stupid. The market is meant to be efficient but it does sometimes get it wrong and I am banking on this, hence why I am continually buying at this depressed level. GLA

[highly geared] 12/10/2017 17:27

Yeah JLP should do well once Hernic is at full pelt and they process the ASA plat. If plat rises Tjate will be worth a mint.
I think, with Zulu PEA done and RHA optimised , I 'd hope on a £50 million market cap just for starters.

[turbotrader2] 12/10/2017 17:18

I would certainly recommend JLPI now am the proud owner of 11m of these! PREM that is but a huge amount in JLP too

[the bull] 12/10/2017 17:08

Hells Bells Vitec, I would have thought you had quite enough. Why not by into some other stocks that show promise, JLP, RRR etc

[edgein] 12/10/2017 16:31

Vitec,

No arguing with that fella, there'll always be those happy to bank small gains, very evident this past 8 or so trading days. Not many of those 2.1bn exchanged will be from the 0.2p days so many were churning at a loss, including some at 0.27p a loss even for the PB buyers if they were forward selling. I had a few cheeky orders in at 0.26 but had to opt for 0.28-0.29, we just don't have the quality de-rampers these days to get the job done. But I guess they've their work cut out for them here when investors look at the assets. I agree its almost odds on to get the third penny spike in this 12 months, what's the likelihood that the PEA suggests that Zulu's worth more than our £20m cap? ;) Of course having a few million of trading shares shouldn't influence the main holding as you hint what the share price could do on a Zulu/Zulu SE jv/sale. A core holding must be maintained beyond these 1p spikes.

Regards,
Ed.

[doctor 69] 12/10/2017 16:31

Yes mike , strange

[mike_f] 12/10/2017 16:30

1M buy over ask @ .36p just before close... interesting... wonder if we'll see a correction.

[vitec] 12/10/2017 16:23

Ed, as one of my "fans" stated in the past "at this rate I will own the company". Made several more purchases over the last couple of days. I am feeling more confident now that the volume is much higher. However, even if the "overhang" has been dealt with, some PI's may take a quick 10 to 15% profit. If the news is as good as we expect it to be then that will be small fry compared to what the share price could do.

Before I am accused of "ramping" I am merely stating what has happened historically in the past. Watch this space!

[edgein] 12/10/2017 16:18

now up to 2.1bn share churn since the 2nd of October and today's now around 0.34-0.35 for most of the day so if they want to churn those for a small profit rather than wait for the PEA or assays then they'll want a higher range again. On a good day these can do 1.3-1.5bn volume.

Regards,
Ed.

[vitec] 12/10/2017 16:10

Who knows. Not been the same since TD sold it. Anyway it would be ironic if after all this time someone got their hands on my 30 million plus shares. My luck the very next day the bloody things triple in price!

[sleveen] 12/10/2017 16:07

Let's hope they've not been hacked.

[vitec] 12/10/2017 16:06

Was going to add some more but can't get on to TD due to an external interruption. I am continually flabbergasted that in this day and age the technology continually ceases up. Its hard enough making money without other "external" factors coming into play.

[mike_f] 12/10/2017 15:57

I think you are fairly safe from Black Monday with micro/small caps! lol :)

[the bull] 12/10/2017 15:42

I gawd, shall I shan't I. Was hoping to get some at around or below the 0.3 mark. Bit nervous of coming Monday 16th, 30th year of Black Monday and some say the market could take a big dip. I know it sounds like an excuse but I may wait till we get that outa the way

[mike_f] 12/10/2017 13:28

Came down for your top up The Bull ;)

[the bull] 12/10/2017 13:23

eh what happened to that 15.4% rise

[doctor 69] 12/10/2017 12:50

Buy at 35.25 that is my 400k

[the bull] 12/10/2017 12:43

Sod it, i was going to double up and now missed this rise, too much dithering

[mike_f] 12/10/2017 12:10

Back up we go :)

[activeservo] 12/10/2017 12:01

I think they are making a concerted effort to raise the SP, now the overhang seems to have gone.

We all know every time the bid is raised the PB sellers flood in (as it's a quick buck, based on no news..). Hence they need to keep the bid low to minimise selling whilst raising the offer, as PREM builds interest prior to news. Thus we have a large spread and every so often they mark up the bid to test support.

They've nothing else they can do apart from the odd treeshake, until news.

hey it's heading in the right direction.