Premier African Minerals Share Discussion Threads

[edgein] 02/1/2018 14:01

Nateroyd,

Same thing happened to KRS, market didn't value in the gold assets so DR decided to float them off as CAI in ozzie. Since then CAI have been fully funded and doubled in value and that's just the start. Market hasn't valued in Zulu here either so he's now taking a heavily drilled asset and potentially going to see more value attributed to it in a separate listing. PREM holders will get paper in the new company.

Regards,
Ed.

[mrphiljones] 02/1/2018 13:45

Ok enlighten me fella as to how it’s done 🤔

[donald tramp] 02/1/2018 13:39

I do wish you well vitec and the others here and that it does come good.

Phil, it won't be the first or last time, it's not difficult to engineer.

[mrphiljones] 02/1/2018 13:35

Donald and just how does Doppy simply walk out the PREM door carrying the golden goose pray tell?......

[vitec] 02/1/2018 13:34

Donald, Zulu will either have a separate listing or someone buys it outright the money either goes into PREM or shareholders are given shares. I do not see an issue with either scenario. The rub would come if PREM ran out of money and then went bust. We would lose big time and then someone would pick the assets up for a song. It is stupid to say that this is not a possibility but I think it unlikely. George and PREM still have some bargaining tools. What is being questioned is their ability to deploy them and get a satisfactory outcome.

Anyway good luck to you. Everyone has to decide what is best and make decisions on the information to hand. You always have the option to return when things settle down and we have perspective as to what is going on.

[jungmana] 02/1/2018 13:28

Whilst we sit tight here. Take a look at MSYS or TECH. Either could double within 2/3 weeks.Good luck all

[shapido] 02/1/2018 13:11

1hopper, that did cross my mind as well. Still can't get my head round y GR converted @ 0.5 only 2 weeks ago. And also the fact that he implied that could be profitable with underground only. Maybe someone didn't tell him the truth about real plant performance. If that's the case it's scary, what does he actually know about RHA?

[mike_f] 02/1/2018 13:11

I'd be happy if the Chinese came in and offered £50M for the whole company at this rate lol. I think that is a real possibility also.

[ihavenoclue] 02/1/2018 13:10

Mike... IF that is his plan I am not sure destroying what little credibility he had left was a good idea (by not stating how far away from profitability they were and making the situation sound desperate after spending all of December saying 'RHA on target')

[mike_f] 02/1/2018 13:07

That is a real possibility. GR told me he was exploring options regarding taking back part/all of the 51%... maybe this is a way to facilitate that! Doesn't look good to the market though.

[ihavenoclue] 02/1/2018 13:01

1hopper... I was actually thinking the same but didn't want to say it and be seen as a ramper when there are a lot of angry people out there today.

[1hopper] 02/1/2018 12:56

OK, just a thought, does anyone think this is a move designed to make the 51% stake holders relinquish their holdings or at least water their holding down?What if RHA needs (say) £1m to be profitable? GR wants the money from the 51% who (AFAIK) haven't put anything in so far. What if he says, PREM will put the money in for X% of the 51% as it's no longer a govt requirement.GR hasn't stated how far RHA is away from profit, all we know is that it isn't there yet but it was stated previously that they were 'almost there.'That said, IMO Roach has to go, his credibility is shot to pieces

[dr jekyll] 02/1/2018 12:47

Quite a lot of current buying will help me to sit tight.

[jungmana] 02/1/2018 12:45

For new investors this is a stonking buy today. For old timers , just got to sit tight.

[dr jekyll] 02/1/2018 12:44

Agree ihnc re George and his 0.5p conversion. Does seem odd. I suspect that RHA is not as bad as this rns implies. Bit of a shock though.

[mcpaulas] 02/1/2018 12:42

No folks this man and his band of brothers are con merchants and await another pile of money they can con people out of with ZULU.Africa will never change its run on corruption.

[vitec] 02/1/2018 12:42

Let's say Zulu is worth 75 million dollars as an example. This is considerably moore than the whole of PREM currently. A separate listing will reflect this and we are given for free shares in the new entity commensurate with our holdings in PREM. The value of PREM will go down whereas the value of Zulu is outed and hopefully goes up. This gives shareholders the ability to release value from their shareholding whilst at the same time allows shareholders to own a portion of Zulu without all of the other assets that continually pull the share price down aka RHA.

[ihavenoclue] 02/1/2018 12:39

To list Zulu it doesn't have to be a penny share like PREM. I am just concerned over %'s and how the shareholder may continue to be watered down.There is a lot of anger at the moment and I can't really blame them as I have took a huge hit today. What confuses me is why did GR convert £100k into shares at 0.5p if he thought there would be this reaction to the news? If he thought it would get hammered surely he would wait before the conversion? The wording of the RNS is very bad though as the talk of urgent talks required with the 51% holder. Still no numbers - how far from profitable are they? Did he actually think that he could release news and get all the bad stuff out of the way and there would be no reaction like there was little reaction to the Zulu RNS in December????

[pooler1] 02/1/2018 12:39

Vitec

I agree with your sentiments, surely someone out there who knows what they are doing could make RHA work so sell it, otherwise sell the equipment and get some money back. Don't want another penny thrown at it.