Premier African Minerals Share Discussion Threads

[ihavenoclue] 30/11/2017 09:56

Jung .. I know that feeling :(

[jungmana] 30/11/2017 09:56

Sold my last lot of PYC at 11.5p just to see it fly to 18p an hour later. (-:

[ihavenoclue] 30/11/2017 09:52

Correction ... 18p now lol

[billthebank] 30/11/2017 09:52

Thanks guys.Cant really believe it to be fair.I am listening to you 're protecting my profits so trailing stop loss in place.Cheers

[ihavenoclue] 30/11/2017 09:52

cambrad .. hey I admit I was wrong as PYC flies past 17p :)

[cambradjones] 30/11/2017 09:49

IhncWhat does it matter that pyc are looking risky, if you can get a 10 bagger in 2 days take the profit and get out. No need to worry about the future !!!

[cambradjones] 30/11/2017 09:46

BillOne word .....jealous !Well done.

[ihavenoclue] 30/11/2017 09:45

I would be happy with OK news from RHA ... anything else is a bonus after he didn't sound that confident during the interview

[jungmana] 30/11/2017 09:21

Well George better bring some good news. Sold my last lot of PYC to buy more here.548k is my trade.

[molatovkid] 30/11/2017 09:16

Bill, congrats on your success....making it is one thing, holding onto it is something else! Be careful!

[ihavenoclue] 30/11/2017 09:05

Bill ... you clearly have it more right on PYC than I thought and fair play to you I just feel that PYC at currently levels is far riskier than PREM.

All IMHO
Regards
IHNC

[billthebank] 30/11/2017 00:17

IHNC Time will tell if it is a pump and dump I have researched it and I dont believe it is, Even at 10p it is only valued at £5.7M and it has a strong contract with Merck and there are other announcements due in January. I am heavily invested in PREM. Possibly was overso with just over 5M shares however this good fortune (if you like with PYC has seen me turn £5K into £20K in two days sso all the risk has been removed as far as I am concerned The share closed in auction at 9.5 today so there could be more to come. Apologies for off topic as I know that news is anticipated either Thusday or Friday and I truly hope the news we are expecting materialises, My only issue was with Georges statement about issues at RHA and the fact that profitability may not quite be there just yet? Fingers crossed tomorrow is a great day for PREM shareholders We deserve it and i would be delighted to sss us to rise to 1p!!!!!

[ihavenoclue] 29/11/2017 23:11

I would much prefer to be in PREM, which has base assets far in excess of market cap, than in PYC that currently seems to be based on mainly hot air and BS.

They are getting £500k a year and somehow based on that some seem to feel it's market cap should be well in excess of figures such as £20 - 30m ? Seems like a pump and dump to me.

Prem's time will come and at least i will know it will be based on more than hot air.

All IMHO
Regards
IHNC

[billthebank] 29/11/2017 21:45

Totally bizarre. TBH hoping that Prem dont issue a positive RNS early doors tomorrow as didnt have time to buy more this afternoon as thought would hold onto PYC for a bit longer, No harm in reducing my exposure in PREM I guess. Still have 5M.

[cambradjones] 29/11/2017 20:51

Happy for you Bill. Looks like you may well do better with pyc than prem.Strange how things happen on the markets.

[vitec] 29/11/2017 17:32

IHNC, I have stated this in the past. The whole of PREM is far cheaper to purchase then just putting money into Zulu.

If I was an asset stripper this is exactly the type of company I would go for. RHA we are told is just about to turn the corner. 20 Million US dollars pay back. Buy PREM, sell Zulu, wait for the money to roll in from RHA and sit on the Circum stake. Get rid off all of the other assets.

Look at it like this:

RHA - 20 million US dollars payback
Zulu - get 50 to 75 million dollars
Circum - sit on a stake worth conservatively 10 million dollars (I have put this down as a "giveaway figure"
All other assets - no idea what these are worth but lets say half a million dollars

Get rid of all of the management and expenses and you are left with a sizeable amount of money in the bank. To simplistic, probably, but this is exactly what opportunistic bidders look at.

There is a disconnect between asset value, realisable value and the value placed on PREM by the market. Unless this changes we will make some money due to a bid but the bidder will in time make the real money. George needs to concentrate on ensuring that RHA does hit expectations as Zulu will take care of itself due to it being a monster.

Even though Zulu is a monster, Zimbabwe as a producer of Lithium is a very small player. Further investment by the Chinese will start to change the whole horizon. They were even allegedly asked what they thought of getting rid of Mugabe before it happened. This is the power that they have not just in Zimbabwe but in Africa in general.

[vitec] 29/11/2017 17:20

Dodge, don't get carried away. I happen to think that PREM will NOT be worth multi billions and we can agree on that. As far as everything else you state we are poles away.

RHA can be summed up as such. Sunk 20 million US dollars into it and have been continually promised that it will be fully optimised and profitable. The latest promise is that this will occur by the end of Q4. It is situated in Zimbabwe and has the potential to be a very good mine. However, potential and promise are very different from revenue and profit. George needs to show that this asset has moved from exploration to producing. That is what everyone needs to see to take PREM seriously, otherwise I fear that they will look at Zulu in the same way.

We were promised a transition from explorer to producer. RHA should be the first asset to prove this.

[the bull] 29/11/2017 16:49

As a fairly new holder, I don't actually know what happened with RHA, anyone have any historical post that I can brush up on. Or is it best left in the past and look to the near future. I suspect the latter.

[ihavenoclue] 29/11/2017 16:45

vitec29 Nov '17 - 16:02 - 6860 of 6863 1 0

Depending on the deal that George strikes for Zulu and with whom it would not surprise me to see an opportunistic bid for the whole of PREM.

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

Me either ... why pay good money for part of Zulu when you can pay less for the whole with Circum and RHA thrown in ?

Hopefully may wake the market up to the true value of Prem but it is getting concerning to see it languish at these levels IMHO

I await what is going to be said about RHA and then make a decision.

[dodge city] 29/11/2017 16:39

Unbelieveable Vitec is actually starting to agree with me, reality starting to kick in here.

Roach has his work cut out here just to stand still.

No I'm not backtogo.

[vitec] 29/11/2017 16:25

Appreciate that Mike. I have been consistent with what I have said about RHA. I think it has been a massive drain in time and money and time is running out for George.

PREM are fortunate that they have Zulu and Circum. If these assets were not in the portfolio then PREM would have been a busted flush until such time as an announcement was made that RHA had been fully optimised and profitable. What is frustrating is that the market deems it to be a busted flush and has wholly discounted Zulu and Circum. When the market re-balances and understands what PREM have their hands on then the share price will take off. Unfortunately, it seems presently it is more about RHA then Zulu and this in my opinion is clearly wrong.

[mike_f] 29/11/2017 16:08

Agree with a lot you say Vitec, I think it has been frustrating for many, hence the constant churn at these levels but just one thing to add, GR stated profitability by the end of Q4, so if an update on RHA is released and states that we are still on course that is a good thing. If anyone is expecting profitability by the end of this week, that wasn't what was stated.

[mike_f] 29/11/2017 15:50

Who are you? Lol I'm guessing one of dodgy's handles.