Premier African Minerals Share Discussion Threads

[tedoby2] 03/7/2018 16:41

We had news yesterday which is "early next week" if the forecast was made last Friday.

[1hopper] 02/7/2018 21:15

Am I missing something here?The accounts were supposed to be up to 31st Dec 2017 - how does the FUTURE ownership of RHA impact on those accounts?

[donald tramp] 02/7/2018 10:10

Anyone who believes anything that George spouts is seriously deluded.

That's a fact.

[dplewis1] 02/7/2018 07:45

Cadence are now an example in the dictionary under 'buyers' remorse' ..

[bibdaddy] 02/7/2018 07:32

Shares officially suspended

[bestofbest] 01/7/2018 17:17

I see a suspension until Rha resolved so they can post in this years final results...

[vitec] 30/6/2018 23:49

I have been called a comedian but never a clown! The suspension is for the accounts Rule 19 not specifically RHA. RHA is the reason as to why the accounts have not been filed. I have no idea what the price will be when the suspension is lifted, no one does. We will have to wait and see.

[aladin1033] 30/6/2018 22:17

You even have some dreamers on lse predicting 0.50 to 1p if suspension is lifted based on... dreams this will never get to 0.25 let alone 1p

[aladin1033] 30/6/2018 22:14

Oh and you have the idiots who seem to think because it almost doubled last year when the suspension was lifted then that automatically means the same thing will happen ignoring the situation is different to last year, these idiots are the ones that really crack me up

[aladin1033] 30/6/2018 22:12

Vitec you're quite funny yourself. You are assuming they will come back out of suspension. Heads of terms agreement is not binding and could easily fall through. I think it's pretty obvious rha news is not imminent as they have been in talks with the govt since jan and still... nothing. I think you and i both know what's coming an EGM to raise more cash. Dreamers here expecting rha news in the next few weeks will be in for a big shock.this may never come back!!

[vitec] 30/6/2018 21:25

Depends what your message said/asked. If it is anything like what you have written below it is hardly surprising you are ignored!

"God knows when this will come back that's if it does maybe in 2019 or Christmas this year , money locked in a company whose ceo is a crook imo is not good at all"

The saga of RHA continues. Always thought it was a white elephant but you never know George may pull a rabbit out of the hat.

The way I see it is get the Zulu investment sorted, get the ownership of RHA sorted and then a competent company to run it and then George steps aside for a experienced miner with a good track record to run PREM.

The share price held up well considering an announcement of full impairment and a temporary suspension. I am uncertain as to why George feels he needs to fully impair RHA unless he feels that there are far more problems then can be sorted in the short to medium term. He maybe going this route to offload RHA as you take the hit and then when offloaded the monies are seen as a bonus. Who knows? I was always here for Zulu and Circum and have consistently said so. I have no idea what the share price will be after the temporary suspension. Has the last RNS been fully digested? It seems that PREM is NOT in control of RHA. They are unwilling to put any more money into RHA until they have the majority ownership. How long will this take to sort. The RNS states that Premier believes that it has substantially agreed the basis for the proposed RHA equity restructuring with the Zimbabwean Government and is waiting for sign-off, following which this impairment can be reviewed as and when RHA returns to production. This could be tactics by PREM but they have proven themselves to be amateurs when playing that game.

[aladin1033] 30/6/2018 19:56

This just gets worse i sent a message to Fuad sillem who they have down to contact for enquires he read my message and ignored them. This is how they treat investors !!!

[aladin1033] 30/6/2018 16:04

Exactly pooler i noticed that so many people here don't research all they do os dream

[pooler1] 30/6/2018 15:28

National election is taking place in July so I would be surprised if government departments are in a hurry to do anything on ownership beforehand.

[1madmarky] 30/6/2018 15:16

When I spoke to GR's associate at the investors show. He said all they needed to do was to take a layer off the surface of the open pit. Then it would be profitable. No idea how much they would have to take off though. Don't think they do either, hence the need for someone who actually knows what they are doing to manage it.
All good fun.

[aladin1033] 30/6/2018 11:21

Rns dated jan 5 months ago
Following the announcement on 5 January 2018, Premier is pleased to report that ongoing discussions with the National Indigenisation and Economic Development Fund ("NIEEF"), which has an interest of 51% in RHA, are progressing well. At a meeting in Harare last week, NIEEF has reaffirmed the current policy change in Zimbabwe with regards to the indigenization requirements and has indicated NIEEF's willingness to agree a mechanism to restructure its ownership of RHA. Discussions on proposed contract amendments between Premier and NIEEF to achieve this are expected to be progressed during the coming weeks.

George Roach, Premier's CEO, commented: "I am pleased that discussions are progressing well and that NIEEF has confirmed their commitment to the development of RHA. We hope to report on these discussions in the coming weeks. I also look forward to briefing our shareholders at the coming investor evening on the 23rd January."

5 months on still no deal witg the government so i have no idea why you dreamers think its imminent just because george said waiting for sign off withour any indication on timeline

[aladin1033] 30/6/2018 11:11

Tedboy you're even funnier than doc rha news not far away? Says who??? This is just your opinion based on nothing but dreams. Where does it say rha sign off is imminent in the rns? He did say account shortly but as for rha they are waiting for sign off ... this is africa could take 6 months or a year or never

[aladin1033] 30/6/2018 11:06

God knows when this will come back that's if it does maybe in 2019 or Christmas this year , money locked in a company whose ceo is a crook imo is not good at all

[tedoby2] 30/6/2018 11:04

Tungsten APT European price is now US$350-354/mtu and rising.

It would be interesting to re-calculate RHA's break-even at these prices once the fundamentals are known. My first guess is 1900mtu's/month and with a target of 10,000mtu's/month it's not difficult to reason how potentially valuable an asset RHA is.It could quite easily contribute between 1p and 2p towards Prems share price even if Prem kept it's original ownership %

At Prem's target production rate and todays prices annual revenue would be over $42m. Net profit or "earnings" from that I suggest would be at least $25m which in turn would reflect a Market Cap of around $250m usinf a P/E ratio of 10 . Prems benefit MC on a 50% ownership basis would therefore be $125m.

Even if Prem had 10bn shares in issue and 50% ownership that works out to be a 1p share price at today's $/£ exchange rates.

So all in all something to look forward to and a very valuable part of Prem's portfolio.

News not far away now.

GLA

[aladin1033] 30/6/2018 10:42

Doc you are very funny this will come back and fly? Based on what????? Does it say the sign off from the government is imminent? Nooooo if it was George would have said we expect a sign off shortlt just as he said with regards to the accounts. You guys have no clue how things work in Africa and its not even profitable