Premier African Minerals Share Discussion Threads

[mrphiljones] 12/12/2017 11:34

Good trade Pooler how much has Dodge made here?......#getalifesadlad

[dr jekyll] 12/12/2017 11:33

Agreed Donald. RHA producing but GR as yet unable to give financial details. These should come soon after Xmas I would think. So many people trading short term these days which is not helping the share price to move up. I am sitting tight for the bigger rewards which will come next year. Too many positives here to sell and I do not want to miss out. Made that mistake in the past ie selling too early.

[mrphiljones] 12/12/2017 11:32

D/T spot on fella had they really spiked the price up this morning the credit T-traders would have left with a large profit and the MM’s would have been left holding placing shares again but at a higher price AIMHO....Value you will out,happy to hold

[highly geared] 12/12/2017 11:31

The $20 million is recovered by Prem taking all the profit on production until such time as its recovered....

[pooler1] 12/12/2017 11:29

Sold all my shares this morning that I bought at 0.30. At least I've made a profit, will leave rest until updates in 2018.

[dodge city] 12/12/2017 11:28

They are issuing more shares to pay off a contractor.

[mike_f] 12/12/2017 11:25

If the seller clears DT I would agree, this isn't just PI's offloading IMO. Maybe Primary Bid shares leaving still. Looking for a reversal myself on good volumes.

[pooler1] 12/12/2017 11:22

$20m then, still won't see any of it!

[donald tramp] 12/12/2017 11:20

What has happened here is a classic traded stock which this is at present. All the traders are/have selling on this news this morning.

If you knew nothing of the history and were looking at this through a fresh set of eyes then I can't see better time to invest personally.

I'm going to be a bold as to state you could see an intra-day reversal here.

[andrewsr] 12/12/2017 11:18

I think when GR said 'we will be encouraged to develop to Lithium Carbonate production and may retain sole ownership of the entire project', he meant having 100% instead of 49% under the proposed new ownership laws, would make it worthwhile for Premier + JV partners or other future owners to develop a carbonate production instead of the concentrate option. IMHO there's no way Prem would attempt that on their own.
RHA unchanged, still on track for breakeven this quarter.

[ihavenoclue] 12/12/2017 11:16

Pooler.. Probably not as it is $20m not £20m

[davidpines] 12/12/2017 11:04

Suggest you all look at WRES and read today's rns

[elcapital2017] 12/12/2017 11:03

foreskin, so im not filtered then ?


do you ever tell the truth foreskin?

[elcapital2017] 12/12/2017 11:02

foreskin. you know what you have done. wait for the knock sunshine. you are complicit in fraud

[pooler1] 12/12/2017 10:52

We won't see any of the £20m owed to us I'm afraid.

[molatovkid] 12/12/2017 10:39

Edge, thats why I said short term traders, the hot money has departed not willing to hang around on a gamble...hence the drop today

[bittorrent] 12/12/2017 10:36

Bill, as I read it they are processing the open pit ore only at the moment but it is more problematic than the underground ore. Once they have finished with that it's back to the underground ore which should be back up to 6000 tons per month.

[mike_f] 12/12/2017 10:32

1.55% as an average grade is very good Bill

[ihavenoclue] 12/12/2017 10:27

Forwood... Might be able to do both :)

[forwood] 12/12/2017 10:19

I'd like to see how he is going to recover the $20m owed by the local RHA owners. Perhaps he could do a deal that basically gives us more than 49% for the monies owing.

[billthebank] 12/12/2017 10:19

I have re read the RNS. So is an average grade of 1.55% good. All this talk of outstanding and stellar Market doesn't seem to think so.
Open pit operations sound problematical but the good news is that without that we will be profitable without it!
It seemed to me that a JV may not be on the cards as the offers discussed arent what we are looking for. How he can possibly develop this on our own I have no idea but that sounds like a real possibility. I believe it is those comments re retaining sole ownership and open pit issues that have prevented the share price from really motoring.

So for now it appears the market thinks we are valued appropriately despite the recent positive developments in Zimbabwe!! Grumpy but holding and waiting for consistency on RHA profitability so April should know where we are GLAHs

[billthebank] 12/12/2017 10:08

This also confused me

Plant throughput is 700 tonnes per day and plant performance is primarily constrained because of a high fine particle percentage in the open pit ore. Processing of underground ore only and/or mixing of open pit with underground ore is likely to improve plant performance as well as overall recoveries of concentrate even further.

So plant throughput is 700 tonnes/day but I guess only with open pit mining which it appears there is an issue with that? The good news is that we are going to be in profit from December onwards and with tungsten at its current price we could see earnings of 500K/month That is good to hear as RHA has been such a drain. Great that discussions are ongoing re poss JV but from what I read that didnt sound like we are being offered enough to make that look attractive ?

I will re read this RN when I have 5 minutes but it was ok as far as it went and surprised that we aren't seeing this re rate on the back of it FFS we are only valued at £26M That is ridiculous IMO. Still holding although disappointed by the markets reaction