Premier African Minerals Share Discussion Threads

[tedoby2] 23/10/2017 18:23

euclid5 I'm trying to understand your numbers.

I get 140mt Li20 x 1.06% = 1.48mt Li20

But then I get lost.What's the 2.53% for and where do you bet the $8k figure from please.

[mike_f] 23/10/2017 16:57

Let me clarify, £0.0367p is what I meant... Haha Your post cracked me up Phil :D

Never see the little message sign at the top Soul!... will come back to you now.

[highly geared] 23/10/2017 16:54

Yeah, I'll settle for £1.50( being conservative)㈳3;

[mrphiljones] 23/10/2017 16:43

FFS £3.67 lets keep things real here shall we....:-(

[billthebank] 23/10/2017 16:36

Sh1T Mike you have done well in building a possible free float at that price!!!!

[soulsauce] 23/10/2017 16:33

Did you get my reply Mike?

[mike_f] 23/10/2017 16:26

3.67p will do me :)

[billthebank] 23/10/2017 16:25

vitec 1p will be fine as I have set up my strategy to have a free float if that happens. Proactive tel conversation with George and he states that the PEA SHOULD be available in 10 days to two weeks time plus RHA is still on track to deliver in the latter part of Q4 He stated he is relieved and also very pleased regarding that latter point.

[vitec] 23/10/2017 16:11

Before we get to carried away I would be happy just to see 1p and then see what happens!!

[euclid5] 23/10/2017 16:07

anyone calculated the gross value of 120 mt - 160 m/t -

Mid case 140 m/t x li20 @ 1.06% = 148,400,000 xx 2.51% = 3,724,840 Tonnes @ li20 x mid price long term of $8k = £23b / 6.250b shs = 367p Gros NPV

[the bull] 23/10/2017 15:58

well done williamthebank, about what I got mine for this morning and you have probably helped us turn blue again

[billthebank] 23/10/2017 15:31

Well Mike I hope you are right. as I am probably in for too many!! Anyway have mow set my sell limits for the next 3 months and we will see if it pays dividends. George please don't F@@@ it up this time!!!!

[mike_f] 23/10/2017 15:28

Can't help but think this current price is a gift...

[billthebank] 23/10/2017 15:12

Managed some @ 0.3484

[mike_f] 23/10/2017 15:12

Telephone interview with GR

[billthebank] 23/10/2017 14:35

Cant buy for less than 0.35

[ihavenoclue] 23/10/2017 14:21

I hope it will be that by middle of November due to PEA with talk of offers for Zulu

[bibdaddy] 23/10/2017 13:55

Agreed BTB... just topped up as I believe by Christmas this will be 0.8p to 1p

[billthebank] 23/10/2017 13:44

Cheers Forwood. Personally guys I dont really give a jot what the mms do with the share price here short term as tbh George really did make a hash of the finance deal so we need some real positive news from RHA IMO to see this share move on up or PEA and j/v announcement

[vitec] 23/10/2017 13:43

There is lethargy. Investors see the RNS and it contains great news but they continue to sell so as to take their profit. This confirms that making and taking a small profit is more important than holding for the larger rewards in the future. Short termism is holding the day. Sprinkle in past misdemeanors by George and the BOD and you have a recipe for miring the share price where it stands today.

The share price is a reflection of how the market and its participants feels. Greed and fear drive a market. The market clearly is valuing PREM on a nonsensical basis. At some point the market will have to re-evaluate PREM and that is when you will see a sustained rise in the share price It is nice to see the share price rise but unfortunately the majority of those invested do not believe the rise is sustainable. We need to get beyond this and news regarding the PEA and a deal concluded regarding Zulu, should be the catalyst.

[ihavenoclue] 23/10/2017 13:37

Mike, not what I expected either

[mike_f] 23/10/2017 13:24

Great assays with more to come and the share price is flat... wow!

[mike_f] 23/10/2017 12:49

300 code for the believers haha

[forwood] 23/10/2017 12:44

So now am only being offered £0.003422 on 1.6m. This would give me the princely sum of £10 profit on the parcel bought Friday!

[forwood] 23/10/2017 12:39

Am able to distinguish between buys and sells Bill! Have just worked through them and reckon, as at 12:17, there's been an extra 2.5m sells. Ok so they won't be able to sell again so good riddance, but at this rate the price will fall back to the point it will be worth some of them buying again.

In order to shift this into another gear we do need some massive buying!