Premier African Minerals Share Discussion Threads

[the bull] 27/11/2017 14:23

Seemed like an incredible gift on the update day that we had an after hours opportunity to load up at 0.4p. Wondering whether I should use my consumer rights to take it back within 14 days. Bloody aim shares, should have known that the market doesn't value anything still in the ground like at good old Jubilee.

ok ok got me maths wrong

[ihavenoclue] 27/11/2017 13:41

Having a bad day Bill?

[billthebank] 27/11/2017 12:32

All about some positive news Only 4 more days for newsvember to kickin!!! What a load of old tosh!!0.404/0.414

[mike_f] 27/11/2017 11:21

19.2M sell gone through, seller done??

[donald tramp] 27/11/2017 10:11

Too cold for an early morning dip Edgein.

Regards

DT.

[edgein] 27/11/2017 09:06

7m at full ask, I guess that's the reason for the early morning dip here.

Regards,
Ed.

[edgein] 27/11/2017 08:21

Great photos on the website for sure, lots of progress been made if you look at progression over 2017. Shouldn't be long now and as mentioned from others as well as GR looks as if its in production. That'll be excellent as its not been done with debt, a pretty standout achievement for the company not to be lumbered with $ms as the mine achieves first bulk sales. Can't wait to see the update when it arrives, folks are picking up some cheapuns ahead of the Zulu jv/sale in the mean time it seems.

Regards,
Ed.

[vitec] 27/11/2017 08:14

dodge, I see you have been let out again for the day! Your posts are truly enlightening and articulate. You use the Queens English so eloquently.

[ihavenoclue] 27/11/2017 07:30

WallyJumblat25 Nov '17 - 22:30 - 6792 of 6799 4 0

The next month here should answer most of the above GL.

=========================

Yup I agree and I really hope the news is as good as can be but I am expecting a few bumps.

[mudskipper73] 27/11/2017 04:43

Plant is already built.... no question about that

[berber1] 26/11/2017 23:16

From the new pics, it shows that the plant is still being built and far from entering production, but I understand this is because of the the new expansion into underground mine. Looking good. In my opinion they will need more money before reaching target production, we will need a lot of patience. However Some positive big event is the new political development in Zim., with Mugabe sidelined the country may open up for new investment. hopefully this will attract big investors with deep pockets to RHA which is ripe for take over. And with Zulu also expanding,and will also attract more interest from more investors given the fact that Zim is already a Lithium Hub. Things are looking up if GR does not screw up again.

[mike_f] 26/11/2017 20:05

News RHA pics added to the website. Looks like it’s back in production and fingers crossed on target for profitability before year end:

[doctor 69] 26/11/2017 11:47

I don't think people realise it is difficult to get a tungsten mine operational

[highly geared] 26/11/2017 08:56

Wally: good post.
2 reasons the share price is where it is: Zimbabwe and GR.

Delivery on RHA has been poor , further dilution after we were assured there would be no more BUT , most dilution was to fund Zulu which is developing in to a world class asset worth multiples of the current market cap. RHA is though of equal importance as it’s a litmus test for GR’s ability to develop assets into revenue. So far, sadly lacking, BUT that may all change shortly...

I’m a small holder with c. 5 million shares. THe next 3 months will either be transformative or we’ve all wasted our time and cash here. The assets are huge, can GR and the board restore investors confirmed in their ability to create value from them?

[doctor 69] 26/11/2017 06:34

BanksyYes pictures of rha seem to show all looks running , excellent find

[wallyjumblat] 25/11/2017 22:30

ihavenoclue,

If Gr is to be believed this time then RHA will be self funding soon, because he has stated on a few occasions that the extra funding is to advance Zulu, there is no more funding required for RHA.
I have been a critic of GR especially in regards to how and when this constant dilution has been carried out but he is a Miner and he did discover Zulu and he has brought RHA into production and he has spread the risk with a good diverse portfolio.

The big questions are

Can he monetize these assets in a timely manner?

Does he have a hidden agenda that is self serving and screws PIs?

What is his timeframes?

I have stated previously that I would just like to see some money coming in from just one of these projects, preferably RHA because I am sick of being constantly on a knife-edge, never really knowing what's coming next.

The next month here should answer most of the above GL.

[banksy] 25/11/2017 22:15

New images of RHA on website ... looks like full system ahead

[billthebank] 25/11/2017 17:34

que sera sera guys.Patience is required.Lets hope one of the NDAs comes up trumps and we enter into a new era with ZULU. As for RHA fingers crossed those problems are finally resolved!!!

[ihavenoclue] 25/11/2017 15:48

I haven't taken anything as gospel .. someone asked him a question and he said in the next few weeks THEN said probably before the end of next week.

So I think we can expect RHA news by Friday ... if not then I am not going to lose sleep over it.

Not sure it will be all that positive as he also said ..."there are a lot of problems with RHA at the moment" - so not past problems ... current problems. Some getting ahead of themselves saying RHA is profitable now but they did say by the end of Q4 so they have another month to put these problems right.

[tedoby2] 25/11/2017 11:21

This is what George said at the end of the RNS issued 21/11

"Our mining and exploration activities continue as usual in Zimbabwe,.... I am pleased that we continue to make progress at the RHA Tungsten Mine and look forward to a comprehensive update on that project in the coming week."

GLA

[doctor 69] 25/11/2017 11:10

Billthe bank , I fully agree , people do take time scales as if gospel , very silly . We should get an update on Friday , but it could be later , simple as that . There are no guarantees to anything

[ihavenoclue] 25/11/2017 09:34

Wally .. I don't think the issue is being worried about RHA funding Zulu ... just that it needs to stop being a cash drain that then allows the company more room to negotiate.

All IMHO
Regards
IHNC