Premier African Minerals Share Discussion Threads

[billthebank] 20/10/2017 16:49

Ed George would never sell this cheap.I reckon he has had an offer and they kicked it out for ZULU as he was sure it was at least twice the potential plus they have the option to acquire more land.The value of RHA on its own inc €20M debt sees this as a 3 bagger.As for CIRCUM who knows what that's worth.I don't believe that the board would consider any offer below 10p Actually I don't think they would consider any offer for the company at all.J/V or partial sale of ZULU might happen.After all ZULU could be split. Even an aggressive bid would get shot down IMHO

[edgein] 20/10/2017 16:21

Dingo,

Yeah good volumes on both today fella. Pending news is drawing in the bargain hunters again.

Regards,
Ed.

[edgein] 20/10/2017 16:19

Doctor,

We may have it cleared long before that tho, certainly on the right news we'll get the volume. Look at VAST, their assets would fit into a small corner of Zulu or Circum and they got spectacular volumes on almost getting a licence. Can't be many left to churn here, not totted it up in the last few days but we must have churned in excess of 2bn this last 20 days since the PB. Can't be that many that want to sell at a loss before the PEA now. Folks that have been around here for a while, not just the ones that bought the last spike, know the score. We're awaiting crucial news as you know on the PEA, assays and Zulu JV/sale. Only traders would sell at the bottom to chase the next big thing. If we clear the churn before the PEA there will be fireworks, I'm expecting at least 1 more penny spike before we get Zulu deal concluded, perhaps more depending on news. We've had two so far this year on lesser news than the PEA, however Zulu SE was a pretty spectacular update.

Regards,
Ed.

[dingo75] 20/10/2017 16:13

Chunky Buys going through in the Lithiums, PREM and KOD.
News next week for PREM?
Either way, this is a giveaway.

[doctor 69] 20/10/2017 16:11

Edge in, Looks like we a 1 billion day to clear this

[edgein] 20/10/2017 16:08

Doctor,

Yup those churning PB shares and others likely prepared to sell for a loss. Should clear on the PEA though or the assays of the sections of practically pure spodmene. On a good day we may see 1.3-1.5bn volume like we did previously.

Regards,
Ed.

[doctor 69] 20/10/2017 16:04

There must be a load of stock about as a friend of mine purchased a big holding of stock earlier and it never moved the price .

[edgein] 20/10/2017 15:11

Bill,

Even though George gets currently blasted for funding the company he gets very little credit for the blatantly obvious. He's got an underground tungsten mine into production, soon to be full production without any debt! He should be congratulated for that. There's round about $1bn of tungsten at RHA in the ground, even if he returns a fraction of that its multiples of our current cap. I agree it'll be interesting to see what our AISC will be for RHA and net profitability for the calendar year '18. Even with continuous drilling on Zulu we'd still likely turn a profit. That's if we don't get a hostile on announcement of the PEA or Zulu deal. If I were looking to buy Zulu I'd make an offer for the company, there's shareholders here prepared to take 0.35p even though they've been told by the company that Zulu is world class, Zulu SE is potentially bigger and we've a PEA coming. So a low ball offer might clinch it at present. Our cap doesn't reflect any of our assets as GR mentioned in the recent interview. They'd get Zulu, Circum and RHA for less than the value of RHA!

Regards,
Ed.

[doctor 69] 20/10/2017 15:03

big trade at end of day or in about an hour

[ihavenoclue] 20/10/2017 14:31

The market woke up to VAST and they don't even have the licence yet ... they will wake up to PREM in time too :)

[billthebank] 20/10/2017 14:18

Just found a wee piece of paper and scribbled:-

4500 metric tonnes as stated in last months RNS is break even. So if we reach 10000 metric tonnes as anticipated then boom. Personally I will be happy with 6000 mt/month. So that would be profitabilty of circa £400k/month???????????? ie £5M est and on a PE of 10 £50M If we produce 10k tonnes then we are looking £8M P/E of 10 £80M So without ZULU an CIRCUM even a blind man can see how undervalued this is??

[billthebank] 20/10/2017 13:56

Astonishing Will try and find out what break even was proposed to be last

[edgein] 20/10/2017 13:55

This one is very over sold on RHA let alone pricing in anything for Circum or Zulu. Unlike the poster earlier I hope GR promises to buy as many Circum as possible once the Zulu deal is done.

Regards,
Ed.

[edgein] 20/10/2017 13:54

Bill,

More like $280/MTU rather than $112 for tungsten.



Regards,
Ed.

[ihavenoclue] 20/10/2017 13:32

Bill ... so much news to come before end of year :) And all for a market cap of £17.4m at present

[billthebank] 20/10/2017 13:02

Dont forget this!!!

The Company has engaged an independent advisor with extensive experience in preparing Mineral Resource and Reserve Statements to carry out an assessment of RHA's open pit Mineral Resource Estimate (as announced on 30 November 2016), as well as advising on optimisation of the parameters used in the Mineral Resource Estimation.

[billthebank] 20/10/2017 12:51

From RNS in October 2016

The XRT ore sorter is expected to be supplied on a toll basis and the company is fully funded for this RHA upgrade. At the planned 39,000 tonnes per month of ore mined, it is estimated that RHA should be producing about 10,000 metric ton units (mtu) of tungsten trioxide concentrate per month, which is equivalent to approximately US$1.12 million per month in gross revenue at the current net price of US$112 per mtu, which would be received by RHA. I am sure that the price has moved up markedly in the last 12 months!!!!

[ihavenoclue] 20/10/2017 12:40

Ianbag19 Oct '17 - 17:17 - 5458 of 5477 2 0

They can let the brakes off here now anyway as I have completed my additions and have doubled my holding to 10m.

+++++++++++++++

Me too and I concur :)

[donald tramp] 20/10/2017 12:19

Yep totally.

I would say the overhang must be gone or very nearly gone personally, just 10% traders on this at the minute and you can't blame them.

[doctor 69] 20/10/2017 11:49

thanks ,

tony

[doctor 69] 20/10/2017 11:27

Banetpeter , Any idea how many or how long till cleared

[doctor 69] 20/10/2017 10:36

It is most likely they got some in , few need a few to make a statement

[sleveen] 20/10/2017 10:15

I did comment that the social media rumour of assay results was BS.

[bittorrent] 20/10/2017 10:10

Yes indeed banksy, whether the assays are good or bad, if they are sitting on them the authorities will take a dim view of such behaviour.