Premier African Minerals Share Discussion Threads

[pooler1] 02/1/2018 16:53

The fact that no further funding is to be provided tells me that it wasn't close to making a profit. Not sure what over reaction has happened?
The company is not making any money and without RHA making any then we can only rely on either a sale of one of its assets or more fund raising.

[ihavenoclue] 02/1/2018 16:49

Bill... Listen to it again. He said Yes to updating the market about profitability

[the bull] 02/1/2018 16:34

An AIM classic over reaction

[y1phr1] 02/1/2018 16:23

Agree blueco.

[y1phr1] 02/1/2018 16:22

Taken a big gamble and doubled my holding. Good luck all holders.

[blewco] 02/1/2018 16:21

Th RNS states "RHA did not achieve its guidance of profitable production" , it doesn't say it didn't achieve any production, just less than profitable. The question is how much was it short, if only by a little then these are a bargain!

[pooler1] 02/1/2018 16:09

With all my issues I have with GR I don't think he is a crook, that leaves incompetent and think someone else needs to take the reins.

[mike_f] 02/1/2018 16:06

Has he been sold down the path by the contractor? Is that why he's now hitting them with providing finance for the project?Doesn't seem like he would blatantly bs when he converted his shares at .5p! Now sitting on a 50% loss...

[dmitribollokov] 02/1/2018 16:00

Said it in the summer - he is either incompetent or a crook.

[billthebank] 02/1/2018 15:52

Summary of George in November when talking to pro Active

Regarding RHA he stated.A substantial bulk test is being done on open pit and at present underground ore is being stockpiled.

He is encouraged with what is happening at RHA but of course there have been lots of issues there. An announcement will be available in the course of the next week or so.

And YES INDEED RHA is still on track to hit profitability by Xmas!! !

[dmitribollokov] 02/1/2018 15:42

Remember castigating someone for saying "smoke and mirrors" and "mind your eye" ?

[billthebank] 02/1/2018 15:07

banksy have to say I am so tempted to buy a wad here as this price seems ridiculous Is there any possible bad news not yet received. I really do get a feeling that management have been let down badly here

[banksy] 02/1/2018 14:29

2nd to Afren in my worst two investments! Still give it time

[billthebank] 02/1/2018 14:24

Confused with the noughts 6.5B shares CORRECT!! At least I got the capital value right!!!!!!!

[ihavenoclue] 02/1/2018 14:21

yeah I WISH there were only 650M shares in issue

[nicosevos] 02/1/2018 14:13

Biil, 657KM or 6.57 Billion shares.....

[billthebank] 02/1/2018 14:07

So we are now valued at £15M!!! ZULU and CIRCUM are worth far in XS of this Been offered 0.25 today for my shares. Will let the dust settle but there has to be a point where there is value here FFS we have no debt just 650M shares"""""""

[nateroyd] 02/1/2018 14:06

Hope so for you lot.Good luck all.

[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.