Premier African Minerals Share Discussion Threads

[goodgrief] 14/12/2017 20:38

Maybe a World Bank loan would be up for grabs!?htTPs://futurism.com/world-bank-stop-fossil-fuel-financing-beginning-2019/

[donald tramp] 14/12/2017 12:19

I concur Mike.

[mike_f] 14/12/2017 11:48

Someone loading up in 2.5M blocks. There have been loads the past few days al at .4p. Looks like a buy order is being executed.

[wallyjumblat] 14/12/2017 11:30

RHA simply must deliver profit as soon as it does I would sell it and concentrate on Zulu but we need a big player involved a proper operator, I don't think the market would react kindly to GR going it alone after the RHA fiasco.

[1hopper] 14/12/2017 11:30

Dr 69, I've heard so many times that the overhang is gone, then when the share price drops or stagnates despite good RNS's its once again blamed. IHNC - you're right I do have an issue with the last placing, telling people you're going to dilute their stock holding by 2% and then going it by 4% is dishonest in my book. Look at the previous 3 RNS's, is there anything in them that should hold the share price back? Not really, so what is the issue with PREM? IMO it can only be confidence in GR and his promises.Yes he's very committed to the company, taking shares in leu of a cash payment for his loan and at a price above the current share price BUT at the time he committed to that he was releasing an RNS that he thought would improve the share price The market clearly has a problem with something or someone at PREM or the sellers would hold their stock, wouldn't they?

[the bull] 14/12/2017 11:27

No disrespect to GR but as we all know he's no spring chicken and it is a reasonable question to ask about a succession if something were to happen to him before the company "Transforms". A quick look at the non execs eased my mind and even if Ian Stalker didn't take over the reigns, we have him on board to help oversee a new appointment.


Ian Stalker
Non-Executive Director
Mr Stalker is a seasoned mining executive and current Chairman and Director of Azincourt Uranium (TSX-V: AAZ) a TSX Venture Exchange quoted company. Mr Stalker has over 30 years of development and operational mining experience in Europe, Africa and Australia. He has undertaken operational roles in the base and precious metals arenas and executive positions in some of the largest mining companies in the world. From 2009 to 2011 he was CEO of Berkeley Resources Ltd, an ASX and AIM listed company with a uranium development project in Spain. He was CEO of UraMin Inc. from 2005 until the acquisition by Areva in 2007. Prior to joining UraMin, Mr Stalker was a Vice- President of Gold Fields Ltd., the fourth largest gold producer in the world. Ian was also the CEO of former TSX-V listed Brazilian Gold Corporation until its merger & acquisition in September 2013 by Brazil Resources (TSXV: BRI).

[thelung] 14/12/2017 10:52

If he does, I guarantee he will use the word substaaaaaaaantial

[the bull] 14/12/2017 10:35

will he be doing another proactive interview with this latest release I wonder?

[andrewsr] 14/12/2017 10:22

dribbling news out...

That's probably the assay company releasing a few holes at a time rather than as a batch as they're behind schedule rather than Prem.

[forwood] 14/12/2017 10:11

Not sure the overhang theory is correct.

We have a history of sudden spikes and fall backs, and there's been no sustained rise, despite increasingly good news. At these prices, 0.01p is a 20% return and there are a huge number of impatient traders prepared to take less, eg buying at under 0.4, selling at 0.42 gives a 5% return.

The lack of a rise is incredibly frustrating and I understand the desire to rinse and repeat. I would welcome an opportunistic bid at 1p because while I wouldn't accept, it would put the company in play and signal the value to the market.

Zimbabwe still has to gain trust and credibility as a safe place for the white man to do business. It will come gradually and I suspect there will be a discount for months, if not years until the fear dissipates. The rewards are potentially huge but so is the risk of losing all on the rise of another Marxist dictator appealing to the ignorant masses. Hopefully Zim has learned the lesson that its future prosperity lies in ventures with the developed world. The African elites are increasingly well educated, so there's every chance that will happen in a constructive way and the mood music now is very encouraging.

[elcapital2017] 14/12/2017 09:58

dribbling news out....never a good sign

[billthebank] 14/12/2017 09:14

I agree that Darwin are killing this share I hate that co with a passion and I have been chasing windmills recently rather than stay here. Still have a sizeable tranche and will jump back in guys very soon as dont want not to be at this party when George confirms actual RHA profits being made!!!

[doctor 69] 14/12/2017 09:13

1 hopper , I don't th k credibility is issue , lots of buying , but unusual persistent heavy selling for weeks , if the selling was not there we would be at 1 p , but the shares are at 0.4 p due to the overhang . One day it will be gone and we will then go above 1 p . The main point is the story gets better and better

[ihavenoclue] 14/12/2017 09:12

1hopper... You seem to be obsessed with the latest PB when the one before was a lot worse.To me raising £1m instead of £500k to spend on firming up the size of the asset makes perfect sense to me.

[1hopper] 14/12/2017 09:00

(IMO) the issue with this share is credibility.When you come to the market to raise capital and make promises, you should keep to them.Promises in performance and profit in exchange for a share issue should be kept, if in doubt, water your promises down.Going to the market to raise £500,000 and then taking £1m can't simply be swept under the carpet. Issuing a further 2% of shares in exchange for funds is one thing, the market decides to either invest or not on those parameters, turning 2% into 4% changes the conditions under which investors decided to invest.It's only 2% people have said, well, how much has this share dropped on good RNS's since then? I feel that until RHA offers profit to investors there will be no more cement in share price.How many more shares will be issued to get ZULU into production, GR has hinted 'we might go it alone !' - does that prospect actually fill the market with dread?PS' I am fully committed to this stock and hold a large'ish number of shares so I speak as an interested party.

[tedoby2] 14/12/2017 08:51

The Bull - well done!

I thought this very significant piece of the RNS today shouldn't go unnoticed :-

"The close proximity of the mineralised sections supports a cost efficient and bulk mining scenario."

As well as the huge potential value we're all aware of at Zulu their also appears to be a cost effective "shape of mine" materialising.

If that continues to develop positively it could make quite a significant difference to the costs in the latest studies.

GLA

[vitec] 14/12/2017 08:51

So you are the buyer of the 5m blocks

[the bull] 14/12/2017 08:27

just got my last 5M at under 0.04

[edgein] 14/12/2017 08:27

Now that GR has more than doubled the previous amount of drilling and is getting substantially wider intersects and higher grades he should be aiming at a JORC upgrade soon too. That'll put some accelerant under our 20.1Mt from the maiden resource.

Regards,
Ed.

[donald tramp] 14/12/2017 08:23

I have looked at your posting history dodge AND I SUGGEST EVERYONE DOES, because what you are posting on the UKIP thread I believe is liable for criminal charges by The Police.

I am serious other posters please click on his post history and look, he is insighting racial violence.

All my previous comments about you were really throw away lines, but YOU ARE a SCUM BAG.

You horrible vile specimen of a human being.

[mike_f] 14/12/2017 08:22

There is a seller, prob Darwin, obvious to me. Once clear we're gonna shift up, ignore dodgy etc he'll miss the boat and we can all have a laugh. Won't be long. Sit tight

[dodge city] 14/12/2017 08:20

A decent CEO would easily move this share.

Punters have lost faith in Roach.

[billthebank] 14/12/2017 08:19

It seems like nothing is going to move this share other than actual THE profitability or jv news No idea why as news like today's previously would have lifted the share price markedly.So disappointing for holders and George alike!!