Premier African Minerals Share Discussion Threads

[sidjameslaugh] 03/1/2018 11:45

My opinion. It will get suspended, delist and big George through a subsidiary company will buy it up cheap as chips. Wipe out shareholders and sort him for life. All on my opinion of course and that’s why I still wouldn’t buy here

[mcpaulas] 03/1/2018 11:24

All these calls for GR to go.GR is PREM,PREM is GR,who will replace him.Thats right GR.

[mike_f] 03/1/2018 11:22

Ok, apart from RHA missing its profitability deadline, which it may hit in another month, and apart from GR losing more credibility, what has ultimately changed?

RHA has always been a burden but most people invested for Zulu which we still own 100% of and its still going to be one of the largest hard rock deposits globally!

GR is a bit of a loose cannon granted and this is not the share to put the house on but with a Mcap now at £13M the assets are worth multiples of the company’s value and even under a fire sale I am very confident I will make a modest profit on my .4p average.

I wouldn't object to a hostile takeover right now of £50M for the lot if I’m honest and that is a real possibility! GR expressed his concerns to me about this previously. This was one reason for the consideration about a separate listing for Zulu.

I don’t blame people for selling, he has damaged his reputation further on this news but I do think there is more to this, possibly regarding the 100% ownership.

Yes I’m under water currently but I’ve always been in for Zulu, as a result I will be staying put and hope that GR can pull off a great deal on the asset. His previous company sale of over $2B gives me confidence. We will see.

[cambradjones] 03/1/2018 11:21

In the last 2 hrs 250million shares have been traded yet the share price gas remained flat.Dont believe for 1 min that buys and sells are equal on that volume, so why no movement ???Always thought that when big news hits wether it be good or bad the share price is managed arificially.Thought we might have bounced back a bit today.

[nash81] 03/1/2018 11:17

PREM doesnt need more cash.

"#PREM placing in Nov for Zulu &working capital to see thru end 2018 (RNS 20 Nov). so, no concern with cash. RNS 12 Dec confirmed none of the cash raised was used for RHA. IMHO, RNS today is to get JVpartner to pay part of 20m cash to PREM so RHA can continue without cost to PREM "

To date, RHA has been sole funded by Premier and has received no contribution from the National Indigenisation and Economic Empowerment Board ("NIEEB"), which holds a 51% interest in RHA. Premier is owed in excess of US$20 million before any adjustment for the true cost of that debt. Premier continues to accrue lease payments for the plant and equipment at RHA, which are solely owned by Premier on a fully secured basis.




NicosEvos3 Jan '18 - 10:53 - 7757 of 7762
0 1 0
Yep, I agree, however......GR now needs more cash!!,imo....
Edit,
yesterdays RNS could be just a ruse,
to achieve 100% of RHA.

[donald tramp] 03/1/2018 11:13

Mike I'm not doing anything underhand or untoward, I'm not buying back in here, I'm just giving my opinion of where I see this going. Just as people give their opinions whilst invested they can also do that when not invested and have changed their mind, which I have done as I have clearly stated that I sold out.

I wouldn't buy back in now there is far too much risk imo now that this doesn't make it to the finish post for lowly PI's who are the stock holders.

GR won't lose out and don't for one minute think he will.

If it quadruples from here fair play to you all who stick with it.

[jungmana] 03/1/2018 11:11

So because RHA is not making profit , prem got seriously hammered. Are we all forgetting that zulu is the 5th biggest hard rock lithium deposit in the world and could be no 1 in next 6 months?. Circum? $20m owed to us ?Bought 1m more about an hour ago. Am a believer.

[1hopper] 03/1/2018 11:11

Just sold my shares, really like the assets of the business, really don't trust GR.I might buy back in a if he does the honorable thing !I should have bailed when he went to the market for £500K and took £1m. I really didn't like that. GLA

[mike_f] 03/1/2018 11:04

Oh DT, why resort to such underhand tactics once you've sold out, there is nothing to substantiate your wild claims of suspension and delisting, just move on.

[donald tramp] 03/1/2018 10:59

Unfortunately m/cap is out the window now with this one imho.

It's a matter of whether it will survive and I don't think it will which is why after giving George the benefit of the doubt for far too long I bailed out yesterday.

He is no fool as seen by the disposal of TCT to a "new Co" that he has an interest in.

I think this will be:

Suspended soon, then de-listed.

Another AIM co just gone and that's that shareholders, you paid your money you took your chance, it didn't work out we are sorry.

Dattels & Co take the assets along with GR who has an interest in another "new Co" somewhere.

[nicosevos] 03/1/2018 10:53

Yep, I agree, however......GR now needs more cash!!,imo....
Edit,
yesterdays RNS could be just a ruse,
to achieve 100% of RHA.

[nash81] 03/1/2018 10:44

buying back in

this is way oversold.

mcap too cheap vs zulu and circum

[vitec] 03/1/2018 10:36

I could respond with another "obtuse" diatribe of what I believe but there seems little point. At this time, those that warned of impending doom have the upper hand. The way I see it now is that as long as PREM does not go bust (I think this unlikely but this is AIM, one of two things will happen. Firstly, George gets RHA sorted and turns it around making it profitable and Zulu gets a separate listing or secondly, another company steps in, buys PREM in its entirety and either manages the assets or strips them. Either scenario would see a much higher share price but for the time being there seems plenty that are willing to sell at this very low share price

I am not stupid to believe that the share price could not go lower. The sentiment towards PREM at the moment is toxic. To many broken promises. I watched the video as well and George remains upbeat but he has been upbeat throughout 2017 and has not delivered on several of the promises he made. I am glad that he is getting on a plane and going to Zimbabwe and will await the RNS that details the goings on at RHA.

Zulu for me is the reason I am here. George recognises that this asset has become infected due to RHA and that is why he wants to hive it off. Reading between the lines it might be right to assume that there is not a quick fix at RHA but who knows.

[dmitribollokov] 03/1/2018 10:23

At least he's up front with his name...

[ihavenoclue] 03/1/2018 10:01

escape ... can you point out in that the words "red flags" and "bargepole" ?

[mcpaulas] 03/1/2018 09:59

If their 49% is not making a profit,then neither is the 51%.So 100% ownership would still mean no profit,and a bigger loss.ZULU is big but its in the ground and will need a huge investment to get it to production.I think PREM is very close to the end game with just an asset and no more money to move forward.

[dmitribollokov] 03/1/2018 09:57

I did ihnc and you were popmous and indignant with me too.

[driver101] 03/1/2018 09:55

Good post from lse

Garden - eye
Because within that time frame (1 year) we will almost certainly JV with Zulu - (top five largest Lithium mines in the World in case you had forgotten -in the midst of a tidal wave of lithium demand with the electric revolution going on around you). Worth £billions. We'll almost certainly see something going on at Circum where our current mcap is now probably worth less than equal to the 5% holding we have whether it be a listing or a sale - go and see how the business is doing at the smaller neighbour at Danakili - tell me what their market cap is... ...who knows and there is every chance RHA will be producing APT close to $1m per month - that is what is scheduled leading into H2 this year anyway. RHA is exceptionally close to full production but it is an unbelievably difficult commodity to get right. Being the second hardest rock on the planet the abrasiveness is troublesome. It has caused a lot of stress and it takes time to understand the nature of the stone and how the plant works, that has taken the time. There is now plenty of stockpile both from underground and the lodes or open pit - it's ready to go. I believe GR is sorting out the 49%/51% issue which is now completely out of date and belongs in a different era. Good for him. It is a very sensible move to figure out new terms with the Govt before fully showing your hand. It takes money to build a plant and a mine, money to drill holes, money to sample the rock, money to analyse rock data etc etc etc. and you will find no cheaper equivalent Tungsten mine built in the last 10 years. Anywhere. GR has made some shocking financial decisions along the way but I don't necessarily fault him. He has been advised very badly imo. but there again it was almost impossible to get funding in the old Zimbabwe... These are 3 serious tier 1 mining assets at the bottom of a fairly well acknowledged commodity bull run... NOTHING IS PRICED IN (Possibly CASA and the other assets..) That would see PREM in the 0.3's not the 0.2's. (and that is realistic, its not fantasy) This 0.02p is insane. I have every right to think that this is the most unbelievable bargain in the history of mining, I've done my research, I'm happy with that. Been happy with my VRS call at 14p and FFWD call at 10p. Working now - so probably wont respond -don't post often, I'm invested now from a long time back and have absolutely no trading agenda, -(unlike, it would seem, most of the posters (traders) on here who do nothing else...?)

[escapetohome] 03/1/2018 09:44

bushranger - 02 Oct 2017 - 09:27:11 - 4915 of 7745 Premier African Lithum/Tantulum/Tungsten - PREM
"A fool and his money is parted easily".

This share is rated 3 out of 100 on stockopedia with a classification as "Suker Stock".

In July this share was suspended from AIM because the company could not prepare their accounts on time. At the end of October TCT IF purchased and heralded as a great deal that will be self funding and provide good cash flow to PREM. Less than a year later it is sold off. Repeated dillution required to keep the company funded. Some traders will profit from the the loss and misery of others.