Premier African Minerals Share Discussion Threads

[vitec] 12/12/2017 08:23

I am sorry guys but the RNS proves that RHA has been and remains a white elephant. It seems that George has waited to release this RNS with the Zulu RNS to deflect that the promised profitability by the end of Q4 has not materialised.

Does it surprise anyone that there has been lots of selling? The news is out and the stellar rise in the share price has not occurred. You can put your money into a dog of a share, with a sniff of news and the herd mentality will drive it up by mega proportions. Zulu id truly massive and in time value will be outed. George must be fed up to the back teeth with RHA hence the last paragraph in the RNS

"With ongoing negotiations with potential partners in regard to Zulu Lithium, and some additional stellar drilling results imminent, RHA is progressing as planned, and with Premier having secured further funding, I sincerely believe that the value of Zulu and Circum holdings should be reflective in our market capitalisation. Regardless of the performance at RHA during December 2017, Premier does not intend to provide any further finance to RHA for normal operations or capital unless RHA is trading profitably and then only for bridging finance."

If he thought RHA was going to add anything why not state that RHA should be reflective in the Mcap instead/as well as Zulu and Circum.

I remain invested as I think this is only the starter but again reiterate my belief that progress in the share price is not going to come via RHA for the foreseeable future.

[donald tramp] 12/12/2017 08:22

David,

This share will have a stella rise, just be patient it's going to happen, it could turn today, it could be a month, it could be 6 months, but when it does it will go.

The assets are being proven up more and more with each rns, it's all in black and white.

[molatovkid] 12/12/2017 08:22

They re-confirmed this morning they are in talks with potential partners for Zulu....surely this not the time to sell?

[donald tramp] 12/12/2017 08:21

I wondered when the board guru "dodge" was going to enlighten us all.

[davidpines] 12/12/2017 08:19

This share doesn't go anywhere 0.4-0-5

[donald tramp] 12/12/2017 08:19

I think I've got enough, I'm not too far behind doc and vitec, however I might be in for some high blood pressure tablets from the Doc :)

[edgein] 12/12/2017 08:17

110m traded in 16 minutes, gonna be another large volume day from the looks of this.

Regards,
Ed.

[edgein] 12/12/2017 08:15

Donald,

Sounds like you're going in for some more.

Regards,
Ed.

[jungmana] 12/12/2017 08:14

This is the next Pilbara . That has over £1bn market cap on a resource of about 150Mt of lithium. Give it 6 months and Zulu will be 100Mt easily.

[edgein] 12/12/2017 08:14

"Hole ZDD-45, located in the step-out zone, 220m south-east of the Main Zone, intersected 68m of mineralised pegmatite from 101 meters down hole. Assay results from the first 38.84m analysed contains an average grade of 1.55% Li(2) O in multiple intersections."

68m of mineralised pegmatite with average grades of the first 38.64m averages at 1.55%. That competes with KOD's best assays and far surpasses the grades of KDNC/BCN. EMH etc. No wonder GR thinks these are spectacular and now firmly believes that this is a teir 1 world class asset. As GR mentions this morning no reason for the market cap not to reflect Zulu and Circum.

Regards,
Ed.

[donald tramp] 12/12/2017 08:13

yeah it's probably curtains for this lot dimitri, after all the exploration target just keeps getting bigger and bigger, the grades are outstanding and then RHA is about to turn a profit.

Oh and then I nearly forgot Zimbabwe has just opened it's doors for business again with the new regime sworn in.

Hmmm.

[king kong dong] 12/12/2017 08:12

Ironically, if someone came to you and offered you in on a world class lithium mine , with global car makers moving towards a technology where lithium is a key element - then you might well feel quite privileged to be on the inside track.

[jungmana] 12/12/2017 08:11

Dmitiri- you know zilch about lithium. So keep quiet

[dmitribollokov] 12/12/2017 08:10

Straight back down. Grades are ok, but those intercepts are not big.

[banksy] 12/12/2017 08:08

But when the selling is done will it take off!!

[dodge city] 12/12/2017 08:06

Everyone is selling.

Must be a placing.


lolololol

[mike_f] 12/12/2017 08:03

What a gift under .5p :O

[donald tramp] 12/12/2017 07:59

From 29th Sept -

RHA Production Guidance

Premier is pleased to provide the following production guidance from the management team at RHA. Â Â All the upgrades to the front-end of the plant should complete during Q4 2017. The plant has continued to undergo significant optimisation and shipments have been made. The Company has also increased and upgraded the resources in the underground mine as announced in 15 September.

Underground Mine

During the latter part Q4 2017, throughput from the underground mine is projected at not less than 6,000 tonnes per month and the plant is projected to be profitable at this rate without any additional ore from the open pit mine. Production from the underground mine will be scaled up incrementally to the targeted design rate, this is expected to be achieved during Q2 2018 which would generate a net positive cashflow of around US$547,000 per month on an EBITDA basis based on the anticipated ore grades, plant through-puts, recoveries as well as current APT price. The initial production target excludes any production from the open pit mine.

[donald tramp] 12/12/2017 07:55

We are there!!

"Underground Operations"

Underground mining and on strike development are progressing well. The monthly target tonnage required to achieve profitable operations at RHA at projected resource grade, remains less than the projected 6,000 tonnes per month mining target. 3,700 tonnes of ore from on strike development is available on the ROM and this tonnage is expected to reach 6,000 tonnes during December 2017 and to continue at this rate or greater for the foreseeable future. Processing of this ore through the plant commenced on the 6th December 2017. The RNS dated 29 September 2017 sets out the parameters required to achieve breakeven throughput at RHA."

[king kong dong] 12/12/2017 07:42

In terms of the George Roach story, the deposing of Mugabe and the opening up of Zimbabwe for trade, might be the piece of luck that he needs.

Could not have come at a better time really.

[edgein] 12/12/2017 07:41

Lovely!

Best to date and these results are only from 2/3 of the lith intersected in this hole, they still have to get the results of the rest. Also key in the announcement is when GR refers to 100% ownership and moving towards LCE production. The scoping study has already shown what 13.7Mt is worth ($719m), now this zone alone is thought to be 60-80Mt supported by spectacular assay results. What's not to like. Next further news on RHA and the Zulu JV I guess.

Regards,
Ed.

[highly geared] 12/12/2017 07:37

George is looking at the Lithium Carbonate option - 1p is under selling Prem by a factor of 10 based on the NPV of an expanded resource/ scoping study. Consider Zimbabwe political landscape positive changes and this is now shaping up rather nicely. If we have some luck on our side and no more placings(!), we should conservatively be 5x current levels within 12 months.

[donald tramp] 12/12/2017 07:36

Well that's it boys and girls, sit back and wait for the takeout at some point in 2018.