Premier African Minerals Share Discussion Threads

[ihavenoclue] 31/10/2017 08:42

Doc.... You're welcome :)

[vitec] 31/10/2017 08:40

ihnc, I didn't take it personally. In fact I enjoy reading your posts. What I was doing was responding as one that had stated that and as to why.

Of course RHA is important in its own right and for many companies would be a defining asset. When I have watched George talk about RHA it is as if he has a yoke around his neck and is carrying a 20 million tonne weight. Let's hope that his expectation of end of Q4 for profitable operations meets that of all of the shareholders that have stomped up the money to inject 20 million US dollars into this asset. It is time the asset sweat instead of us shareholders!!

[doctor 69] 31/10/2017 08:33

Consistent buying and offer gently moving up

[andrewsr] 31/10/2017 08:30

I think RHA is important in its own right and with respect to doing deals. If it's still losing cash, then they're in a weak position to make a deal on Zulu and vica versa. Ideally they should be at least breaking even on RHA when discussing Zulu deals. If/when it becomes profitable it too could be transformational for the company valuation. All IMHO.

[ihavenoclue] 31/10/2017 08:27

Vitec... Wasn't really aimed at anyone. At the moment RHA is a liability but if it can continually turn a profit then that will materially change PREM and allow the full value of the other assets to show through.All IMHORegards IHNC

[vitec] 31/10/2017 08:17

ihnc, I have stated several times that RHA is a "sideshow" but not for the reasons that you would think. Any asset where you have pumped in 20 million US dollars plus, is not a sideshow by any stretch of the imagination. However, continual delays and missed expectations prompted me to look at why I was investing in PREM and my investment is based on Zulu and Circum, hence my conclusion.

No one can accuse me of being negative about PREM but if RHA was the only real asset I would have run for the hills a long time ago. The fact that it could come on stream and produce optimally by the end of Q4 and more crucially adding profit to the bottom line and the commencement of receiving our 20 million US dollars back is a bonus in light of the other assets.

[ihavenoclue] 31/10/2017 06:48

I think the PEA is for the Main Zone which clearly is larger than the 20Mt being quoted.

SE is a huge added bonus so with the PEA on Main, and a clearer picture on SE with assays, we should soon have a clearer picture to be able to get better deals for Zulu.

All IMHO
Regards
IHNC

[ihavenoclue] 31/10/2017 06:46

Bill ... I agree with you. RHA isn't the 'side show' as some think it is. RHA being profitable takes the pressure off the other resources which then allow a much closer true value to be achieved.

[billthebank] 30/10/2017 19:18

Beaufort Securities recommendation after recent assays

''The initial assay results are encouraging and we note the multiple intersections of lithium mineralisation from the Main Zone and the New Zone. We look forward to further assay results in the coming weeks which could expand the current resource estimate from the Main Zone. In the meantime, we maintain a Speculative Buy rating on the stock.''The Company declared a Maiden Inferred Mineral Resource Estimate of 20.1 million tonnes grading 1.06% Li 0 using a cut-off grade of 0.5% LI 0.


Dont forget that this is just the main zone and that the Se zone is considered to be possibly bigger!!!


The exploration target for the Zulu is Main Zone is believed to be between 120 - 160 million tonnes.

AND!!!!

Samples from other drill holes have been prepared at the Company's sample preparation facilities and have been submitted to SGS South African, a leading minerals laboratory. The Company is expecting more assays from the drilling programme over the course of the next month. Thats November!!


Lastly Spodumene is actually visible!!!!!!




George Roach, Premier's CEO, commented: "These initial assay results confirm the high-grade and tonnage potential of both the Main Zone as well as the recently discovered New Zone. Results from ZDD-21 and ZDD-23 are expected to add significantly to both confidence and grade in the maiden resource declared on 6 June 2017. We continue to encounter multiple wide drilling intersections of VISIBLE SPODUMENE and petalite in both zones. The Main Zone remains open on strike and at depth and the New Zone is open in all directions. We are increasingly confident that further assay results from the current drilling programme will support our view that the Zulu project is set to become a very significant and sizeable lithium deposit."

[billthebank] 30/10/2017 17:49

IHNC I still think RHA is where we are at for a game changer as this will move us from asset rich to a company that is a going concern I do think that we will be at break even but with Q1 showing us well in profit. As for the PEA it is not so much about that that is the game changer but more the suitors and what they now feel? The trouble is I am sure the PEA does not include the SE zone? I hope I am wrong there as if so then the share price could easily hit 1p. Once RHA is proven to be cashflow positive we have a real game changer. remember that we are owed $20M for starters and we will receive all of the RHA profits for quite some time!! Remind me what are we valued at? A fpr the rest CIRCUM etc clearly that is worthless!!!!!!!!!!!!!!!!!!! Seriously considered doubling my holding here today but persuaded myself not to increase my exposure any further. Holding and waiting. Nearly did a George and borrowed funds to effect the transaction!!!!!!!!!!!!!!!!!!!!!

[ihavenoclue] 30/10/2017 16:46

Mike .. I didn't ... it's a case of 'we'll believe it when we see it' IMHO

[dodge city] 30/10/2017 16:30

I thought it was the "overhang"

The story here changes everyday, maybe it's the weather.

[mike_f] 30/10/2017 16:28

But news could come as early as tomorrow! Thought we'd have a little bit more buying in anticipation...

[billthebank] 30/10/2017 16:23

Yeah Mike
This share is being played with 0.345/0.353 No money to be made here until news

[mike_f] 30/10/2017 16:08

ADVFN charts broken... ask has gone back up to .4p

edit: now .35-.4p, back to flat!

[dodge city] 30/10/2017 15:43

How come all the Lithium plays are going down. I thought Lithium was the place to be.

[goldguru2017] 30/10/2017 15:15

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Capitalised at only GBP 2.5 million
- Drilling results on Val Jual property due in coming weeks
- Peak values of 12,400 ppb Au from recent soil sampling on Val Jual
- Originally staked by Jean Pautler, who’s considered to be one of the best geologists in Canada.
- She was honoured in 2010 by the Yukon Prospectors Association for her work in opening up the White Gold District
- CEO recent interview ““WeR17;re on our third hole, drilling an area that hasn’t been drilled before. I believe we’ll hit some pretty good numbers there which will drastically change the outlook for Kestrel Gold. Jean Pautler thinks we should hit good in there, and so do I.”

Please do your own research on the Company before investing. Thank you for your time.

[mike_f] 30/10/2017 12:35

I think we are going to have to wait another month or so for that Bill. The PEA is the short term driver...

[billthebank] 30/10/2017 12:32

TBH Rather have RHA info

[mike_f] 30/10/2017 10:46

PEA could come this week... last presentation gave 10-14 days time frame and I do think GR will have learnt from previous mistakes on timescales!! Hoping to see a little rise in anticipation over the next couple of days. ihnc, I would agree, definitely has that feel about it.

[ihavenoclue] 30/10/2017 10:43

"The day is darkest before the dawn" springs to mind with this share at the moment

[stealive] 30/10/2017 09:11

Filling orders at 0.356 matter of waiting.

[billthebank] 30/10/2017 09:06

They say no news is good news.What a load of 'll tosh that is.

[stealive] 30/10/2017 08:38

Build it and they will come

[ihavenoclue] 30/10/2017 08:38

Stealive... On that basis we should have had lots of news recently