Premier African Minerals Share Discussion Threads

[billthebank] 16/3/2018 10:43

CIRCUM $300M plus
RHA $40M
ZULU $80M

Our C/V £15M and falling. WHY is this the position?

Is it because ZULU is a long way in the future.
Is it because those discussions (serious and meaningful ) havent moved forward?
Is it because there is no confidence in GR
Is it because shareholders are concerned about more dilution
Is it because CIRCUM is just another Manjana project?
Is it because of the uncertainty re the viability of the open pit mining at RHA
and maybe it is viewed presently as a white elephant?

Well those are all the possible reasons for the share price being where it is at presently.

Hopefully things will be clearer in the next 12 months but then again where have I said that before?

Hey guys my glass is half empty this morning can someone please cheer me up and counter all of the above as I wasn't to be told that is a load of old tosh!!!!!

[ihavenoclue] 16/3/2018 10:39

Bill... I agree it is a positive to get rid of Darwin. Also 6.5b to 6.8b isn't much of a difference.It's just the people who assumed what was said in a podcast, instead of emailing for clarification, who are now getting their pants in a knot.Maybe now any positive JV news will have a proper rise instead of being shackled by Darwin?

[billthebank] 16/3/2018 10:32

Just listened to the Podcast I cant v]be doing a placement and doing a podcast with you. It is a Friday afternoon and I am not doing a placement today!!!! WTF!!!!! Still great to get rid of the Darwin warrants

[forwood] 16/3/2018 10:13

In this podcast on 9 March Roach denied that Prem was planning a placement and said 'I can't be doing a placement and having a conversation with you .....I'm not doing a placement at the moment.'

How could he not be planning this and 7 days later announce: The Board of Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce a placing today to raise GBP400,000 before expenses at an issue price of 0.16 pence per new ordinary share, the net proceeds of which will be used to cancel all the existing warrants held by Darwin Capital Limited ("Darwin") and for general working capital purposes.

So his statement on 9 March looks to be a barefaced lie and I think merits complaints to the Nomad or LSE. The Nomad was Beaumont and as we haven't had an announcement on a replacement, it should perhaps be the LSE. Is Shore Capital now taking that role?

The dedicated LSE team has a page at where they say: 'You can contact AIM Regulation preferably by email on [e-mail] or alternatively on [phone].'

Am now concluding that Roach should step down, in the interests of the company. Am sure it would improve the share price considerably were he to do so.

[tidy 2] 16/3/2018 09:18

Yep PREM has no chance of success at all. Sell dreams to the naive, break hearts and Destroy family savings.

[doctor 69] 16/3/2018 09:14

Pwhite , you are wrong ,There is a distinct plan here for prem to succeed . I take it you did not go to investors meeting

[jungmana] 16/3/2018 09:06

A reminder there of the fundamentals of Prem

[jungmana] 16/3/2018 09:03

We all know the history here and much of the blame for collapse in share price and sentiment over last 4 years goes to GR.I have on many occasions criticised him on this board and in my communications with him.Despite all of that todays market cap of just £13m does in any way reflect the fundamentals of the company.

[jungmana] 16/3/2018 08:59

Pwhite - i should have explained further. What i meant was Darwin have been suppressing the share price over last week since GR made it known that we are getting 90% of RHA soon there has been an increase in buying but not much share price increase.

[billthebank] 16/3/2018 08:55

I think from memory last year he promised never to use them again

[tidy 2] 16/3/2018 08:26

They'll be back with them again soon enough. Same script over and over with GR

[doctor 69] 16/3/2018 08:25

i am happy with this to get rid of Darwin

[jungmana] 16/3/2018 08:24

Darwin have been suppressing the share price. Now watch this motor once we get 90% of RHA and Zulu jv is announced. Good luck all

[jungmana] 16/3/2018 08:21

No! Primarybid next time :-)

[pwhite73] 16/3/2018 08:19

Only to be replaced by Bergen or YA Global when they need further funds.

[jungmana] 16/3/2018 08:18

Bye bye Darwin :-)

[pwhite73] 16/3/2018 08:18

dodgecity

There is no need for that sort of language. Premier will never ever return value to its shareholders whether they hold 49% or 490% of any projects in Zimbabwe.

Premier is only good for a quick trade like people buying today on the dip hoping for a quick exit in the next couple of hours.

[tidy 2] 16/3/2018 08:17

Groundhog Day