Premier African Minerals Share Discussion Threads

[vitec] 13/12/2017 09:23

The share price could have a run as punters/investors position themselves for 2018. This could be one of the "hot" shares for 2018.

As far as I am concerned personally I have now bought my fill. I see the Doctor is approximately 10 million behind me and between us we own approximately 1,000th of PREM. When the number of shares in issue was 700 million or so we would have owned 10% of PREM and probably got a seat on the board!!

George did look very relaxed. He is probably bursting with excitement as he knows what is coming but equally frustrated that the share price has not reacted as he had thought. He wants a higher share price not just for his own credibility/wealth but so that he can continue his purchasing of Circum shares.

[pooler1] 13/12/2017 09:19

INHC

I've done my research and we are not making any profit from the mine yet or didn't you read the rns.....................hopefully we will but until its confirmed nothing is a sure bet with it.

Nobody knows yet what is going to happen with the 51/49 ownership rule, lets wait until that's confirmed in an rns from prem before we start stating them as facts.

I've still got my long term shares held in an ISA and will wait until further updates on progress next year.
I've sold my short term trading shares and can say I've made some money on this share, can you?

Remember, we are not making any money yet

[edgein] 13/12/2017 09:09

Donald,

Yes it will be interesting to see how it plays out for RHA as tungsten doesn't fall under that rule any more and that department set up by RM didn't contribute to RHA development to meet their 51% share. So GR is likely to have a crack at negotiating it back for us, well that seemed to be what he was hinting at in the interview. Looking forward to seeing some of these imminent stellar results from Zulu. I wonder if its related to the new third pegmatite zone encountered.

Regards,
Ed.

[donald tramp] 13/12/2017 09:04

I think there was a combination of both Phil, as there would have been a lot of LTH's yesterday who threw the towel in when they saw the share price reaction thinking nothings going to budge this I've had my fill, and for sure all those traders who were waiting for the rns's sold as that was their plan.

[mrphiljones] 13/12/2017 08:45

I can’t help wondering if the RNS’s yesterday were worded to help oust the T-traders, wonder how many sellers from yesterday were LTH and how many were 10/20% scalp traders?....🤔;

[ihavenoclue] 13/12/2017 08:44

1hopper ... why did they give the farmer his land back after it was taken from him in June this year ? They already had it, by your way of thinking, so why 'give it back' ? You are looking at things the wrong way IMHO

It is not about relinquishing anything ... it is showing that things will be different, which will make it more attractive to be working within Zimbabwe to foreign investment, so the old way of doing things can be over turned.

So rather than taking 51%, and severely reducing a companies ability to make any profit from mining in Zimbabwe, I feel this will be greatly reduced so a smaller % but from more companies can change the fortunes of the country.

The 51% is pure profit, if a company is making a profit from the 49%, so even handing back half of the 51% could double/triple profits (dependant on cost to produce) for the producer.

All IMHO
Regards
IHNC

[1hopper] 13/12/2017 08:36

Donald Tramp - re $20m owed by Zim govt.This is only repaid out of profits once the mine starts making any.Why would they relinquish their 51% stake in the mine if it's starting to pay off the debt?Surely there will come a point when the debt is paid and the government will start to earn money for the country.Just a thought.

[donald tramp] 13/12/2017 08:28

Yes that's it, at this level can you lose money?

A.) No

[ihavenoclue] 13/12/2017 08:19

DT ... post 7350 ... it's how I feel too but apparently feeling that way makes you a "dangerous ramper" on lse and people should be made aware of you or lose their money.

I haven't yet seen any of them answer this question "Do you believe someone investing in here at current levels will lose money long term?"

[y1phr1] 13/12/2017 08:17

I just took a punt on this one lads and got myself a couple of million, good luck all.

[doctor 69] 13/12/2017 08:16

Awesome bid 0.4 So far strange start as 98% buys

[donald tramp] 13/12/2017 08:14

Everyone is starting to wake up that's why Doc, the response to the two RNS's yesterday was as someone else said "the market got it wrong" and they did.

[doctor 69] 13/12/2017 08:12

Unusual stArt 16.3 m buys to 0.3 m sells , taking each trade into account

[donald tramp] 13/12/2017 08:11

So it's all about where we are now, I'm not the slightest interested in the journey it has no bearing on anything of today, it's history and has passed, you can't turn the clock back or change any actions, the only thing that can be done is make ammends which I think have been done.

For £25m TODAY you get the following:

A world class Lithium deposit/deposits

A Tungsten mine that has just started production and will be turning a profit.

A 5% stake in Circum Minerals which IS going to play out in 2018.

$20m owed by govt of Zim (plus other associated costs) or as an alternative they may not pay and relinquish their 51% holding in our Tungsten mine so we will then own 100% of it.


Various other bits and pieces that could be worth nothing, could be worth something, who knows and who cares.

Zimbabwe is just about to explode with foreign investment due to political reform.

Value it as you like but I know one thing it's all worth a hell of a lot more than £25m.

[doctor 69] 13/12/2017 08:11

Bid keep rising

[doctor 69] 13/12/2017 08:05

Just had to get some more at 0.4

[doctor 69] 13/12/2017 08:01

Up to 30 million after small buy today

[the bull] 13/12/2017 07:36

But George said imminent, very annoyed boo hoo

[ihavenoclue] 13/12/2017 07:13

nash .... more Zulu results due. I would say no JV news this side of Christmas by the way he answered the question about taking his time.

To be honest all he has to do is sit back and wait for more assay results to come in that increase the size/appeal of Zulu and that will do all the negotiating for him IMHO

All IMHO
Regards
IHNC

[donald tramp] 13/12/2017 06:59

Https://www.youtube.com/watch?v=jLP2kCRRTx8

[nash81] 13/12/2017 00:49

RNS saying that they are in JV discussion for our Lithium. Perhaps most likely chinese?

santa bonus i would say, if we get further updates on this JV before year end

[doctor 69] 12/12/2017 23:36

ihave a fully agree George could not do any more at this stage , shares will go up from here

[moneymunch] 12/12/2017 21:19

I'm expecting a bounce in share price tomorrow...Gla ;-)

[donald tramp] 12/12/2017 19:34

What you have to do dodge is multiply 500 by 10 as that will then give you 100% as 500 in this example represents only 10%, and you need 10 lots of 10% to equal 100%

Hope that helps.