Premier African Minerals Share Discussion Threads

[forwood] 21/11/2017 10:07

Can blame them for accepting the paltry bid!

[shapido] 21/11/2017 10:06

What's holding this is RHA, once we get confirmation that all is well there, then the brakes are truly off.

[bittorrent] 21/11/2017 10:03

The new shares sold yesterday won't be admitted for trading until the 27th, so nobody who bought last night can sell yet. Can't blame short termers for taking a profit.

[forwood] 21/11/2017 10:00

Agree on the value side and prospects Edgein but we could do with the revenue.

I bought some mid August at about the same price as now and we're still in that range. Admittedly we've had placings and that always depresses the share price A bid would be great!

I also feel we need more MMs on the case as this lot are just too keen to drop the price with selling. Today we've had massive volume with an average trade price currently of 0.5267. Yet a 6.25m trade went through just now at 0.45. We're being shafted!

[edgein] 21/11/2017 09:35

Forwood,

Billions of shares have exchanged hands since the 0.3p placing, now billions are being gound out at higher levels. I'm quite content if we get a gradual rise to 1p+ rather than the two spikes this year to the same level. As GR commented in a recent interview when the cap was £25m none of our assets are priced in, just the risk. RHA is huge and in production, heading to +ve cashflow by year end according to GR. Our current share of the NPV at Circum is around $120m for our 5%. Now we're being told that Zulu for the first 13.7Mt is worth $719m NPV10, and most of the rest of the drilling done since proving up 20.1Mt is that the rest of Zulu is "massive" in comparison to this early scoping study (previous estimates by the company of 120-160Mt). So its a slow steady exchange of shares up towards fair value then so be it, clearly the PB was well over subscribed raising twice the requested amount hours before close. I'll not be selling any until considerably closer to fair value for the above. Further spikes cannot be ruled out as PREM have a history of that, but its gonna get more interesting now that Zim is more Chinese friendly than ever before. Likely a few Chinese salivating over the same RNS that we're seeing this morning. PREM at £30m is a sitting duck.

Regards,
Ed.

[billthebank] 21/11/2017 09:32

well done Mark

[ny boy] 21/11/2017 09:31

Bargain hunters come in after the rush of sellers to hoover up, especially with more news flow due next week

[dmitribollokov] 21/11/2017 09:30

Added 2+mln and 3mln, sub 0.5p for a trade, think this can run.

[ihavenoclue] 21/11/2017 09:28

Forwood... There was a large seller before news and they still need to be cleared

[markth126] 21/11/2017 09:27

Just added another 3million, didn't think would get chance at .5p

[forwood] 21/11/2017 09:22

Have to say atm am disappointed by the Sp, which is a product of the buy/selling. It bears little relation to the underlying value. Need to get revenue here, then we will truly motor.

[edgein] 21/11/2017 09:16

Looks like we're gonna smash 500m early on. Great to see folks able to buy on the cheap after this announcement. Once the market values in RHA and circum we can start to add some value for Zulu.

Regards,
Ed.

[markth126] 21/11/2017 09:14

What does that mean then bill?

[billthebank] 21/11/2017 09:13

just had a wee look at share price 0.475/0.495 and nearly 400M traded

[billthebank] 21/11/2017 09:12

Don t care NY Boy this is where the action is.Impeachment starts today

[ny boy] 21/11/2017 09:08

VELA, great Blockchain play, its where investors are getting excited about this sector

[billthebank] 21/11/2017 09:05

previous primary bid was 0.3 so may be some resistance at 0.6 but don't care as expecting at least 1.3p short term and a lot more inside six weeks

[ny boy] 21/11/2017 09:02

Doesn’t matter if you got any at 0.4 or this morning at 0.5p, will look irrelevant in a few weeks when we are trading over 0.78p, probably closer to 1p

[vitec] 21/11/2017 09:00

For memory last time it took over a week for me and I am with TD.

[bittorrent] 21/11/2017 08:58

I would be interested to know if anyone who took part in the PB offer got their shares this morning? I am with Hargreaves Lansdown and last time PB charged me £25 and took over a week to deliver!

[timw3] 21/11/2017 08:58

placing 250m shares and already traded near 400m! HUGE volume and RHA news still to come

[quazie12] 21/11/2017 08:55

Missed the Primary Bid offer last night but I managed to buy 1m at under 0.5p just now. Delighted

[goodgrief] 21/11/2017 08:54

That must be those who stagged the PrimaryBid raising sold out and gone. Another big spike...

[vitec] 21/11/2017 08:51

Very easily. Own 1 million sell them on a T2 and buy 1 million through the Primary bid and hey presto you make 30% on your money.

I did not partake in the Primary Bid offer as I have been a regular purchaser and have now got to where I wanted to be in number of shares.