Premier African Minerals Share Discussion Threads

[the bull] 21/3/2018 15:08

www.youtube.com/watch?v=je8KTBYgTSY

not sure if i saw the 121 meeting posted 3 weeks ago

[dmitribollokov] 21/3/2018 15:04

Still think this bounces next few days...

[doctor 69] 21/3/2018 15:03

That hAs to be an rns tomorow, if we get a buyer of 40% of rha awesome with £5 m cash these will rise 50%

[the bull] 21/3/2018 14:55

is it worth buying another 5M or is george going to stuff this up with another cheap placing so soon after the other

[banksy] 21/3/2018 11:31

Slip sliding to .16Thanks George!

[dmitribollokov] 21/3/2018 08:59

D’oh

[pwhite73] 21/3/2018 08:02

Northern Rock

Bradford and Bingley

Royal Bank of Scotland

New World Oil

Hibu


Type in shareholder action group in google and hundreds come up. Forming share holder action groups is not illegal. What is illegal is the coming together of individual shareholders to work in concert to undermine the company.

If you form a Premier Africa Shareholders Action Group and register it then you are fine. You can act in concert as one official bloc but not as individuals.

Even the collecting and counting of shares outside of a formal action group is illegal. So if you intend to look out for one another's interest here don't waste time form an official action group. These things take time to set up and verify investors and their share holdings.

[the bull] 20/3/2018 23:10

wish i timed my purchase like that dmitri would have had over double for the same investment. Mind you, after the recent shambles, may not have invested

[dmitribollokov] 20/3/2018 22:31

I’m long 10m as of yesterday...

Gr is still a shambles, but seems worth it for a trade here

[the bull] 20/3/2018 21:56

happy to add my 20M to your list ihnc, nothing wrong in tallying up supportive shareholders holdings, you never know when we may need to come together, even to support the BOD in any hostile takeover. It doesn't mean that a common consensus can be formed though on other matters?

[quazie12] 20/3/2018 13:12

Agree there is a problem when it comes to exercising control to frustrate or orchestrate a bid but acting together getting the management focused that is different

[quazie12] 20/3/2018 13:10

You need to read Takeover Panel practice note 26 on this issue

[pwhite73] 20/3/2018 13:09

quazie12 Shareholder action groups are all over the bloody place most totally ineffective. What you cannot do is pool shares to undermine the company either with threats or to act in concert at a GM.Speak later.

[quazie12] 20/3/2018 12:57

Pwhite73You claim shareholders forming an action group is acting as a concert party and is illegal. You are talking a heap of total nonsense and I would suggest to say you know it as well. I am calling you out on this....trying to spread misinformation on here......and deliberately.

[andrewsr] 20/3/2018 12:52

Assuming you're not a moron, perhaps you can give us an example of a company providing a PFS confirming commerciality of a project and then for the project to be taken away from them for no reason and given to a major with no compensation.

[pwhite73] 20/3/2018 12:46

Your post only reiterates what I have said.

Prem can be likened to a squatter that has got into Manor Hall via a broken window. You cannot physically remove the squatter without a court order. Whilst Manor Hall is in disrepair the squatter is allowed to remain. Because the squatter has made Manor Hall his home, he acts as a lookout. He protects the property from fire and theft.

There is no reason to remove the squatter until planning permission is granted and a contract awarded to builders to restore Manor Hall to its full glory.

Prem will retain ownership of its assets until a global major approaches the Zimbabwean government or the Zimbabwean government revoke their licence for non -committal of work. That's how the system works.

[andrewsr] 20/3/2018 12:17

Some vacuous RNS's to look forward to - the lithium resource at Zulu is now 30, 40, 50 mt - Premier now has 90% of RHA - Zulu investment of x m in exchange for x % equity - Circum IPO to go ahead.
Placings are likely but could be at higher or lower prices. One thing is certain when the share price drops there will be morons appearing saying without reasoning it's going to get worse.

[pwhite73] 20/3/2018 09:46

ihnc See my earlier post about mine squatting. Companies that had the financial clout to risk 10s of millions on mining projects in Zimbabwe do not get into bed with AIM tiddlers like Prem. They deal direct with the Ministry of Energy. Prem will continue to raise finance at ever lower prices. They will issue the odd positive but commercially vacuous RNS about JVS and on the back of that they will raise even more money at lower prices.

[ihavenoclue] 20/3/2018 09:16

Sorry meant to say placings are not only for raising cash. I felt the same way as you but I no longer believe that will be the case.I think the AGM will be announced soon and one of the resolutions will be to raise the share amount. The 'sweetener' for this medicine will be whatever JV deal has been arranged so it will be an 'accept the resolution or the JV will not go ahead.After at least a year of talk of JV's to see one come to fruition should give the market confidence that GR is not just talk afterall

[ihavenoclue] 20/3/2018 09:11

Doctor... Placings are just to raise cash. Part of a JV could involve the company having a % of PREM

[doctor 69] 20/3/2018 08:57

Pwhite , you may be correct t with first part of comment l but why would they need a placing again , if the plan is give 40% of rha to a jv to put in £6 m , that would fully fund rha and leave 1 m for working capital . Zulu jv will fund Zulu drilling l so I do not expect any further placing to the market

[pwhite73] 20/3/2018 08:45

The last placing price was 0.16p and that's where the shares are heading. I also suspect a much larger placing is being worked at a similar price to provide working capital.

[pwhite73] 20/3/2018 07:57

ihnc

You are not allowed to pool PI shareholders together and act in concert against the company. Even asking others to register their shares via email to see the level of voting support is illegal.

To act as one PI shareholders have to form a company, register themselves as directors and use one bloc vote.

Indeed the company can sue the organiser(s) for damages if they can prove the illegal party damaged the company financially.

[dmitribollokov] 20/3/2018 07:35

A lot of shares have gone through. 250m isn’t that much. Should bounce today, the px action after that announcement has been steady.