Premier African Minerals Share Discussion Threads

[bestofbest] 11/7/2018 13:05

A fully impaired asset would be a bigger problem then suspension right now. RHA resolution and jv before Annual report and suspension lifted is the best way forward. I don't see this happening before elections. They can be suspended 6 months before review on suspension.

[billthebank] 11/7/2018 10:31

Taking its time to sort this suspension out!

[dr jekyll] 09/7/2018 11:12

That is a very helpful post for someone like me who does not have the skill to work all that out. Very much appreciated that you take the time and effort to share. You might be amused to know that it took four attempts before I passed my Maths O level :) Still struggle with most maths except for mental sums and some geometry. Doesn't help with valuing shares that's for sure.

[dmitribollokov] 06/7/2018 08:08

No, no, we’re all idiots, only long term holders can see the true value here...

[bestofbest] 05/7/2018 17:54

Annual financial results would have come this week if GR was going the fully impairment route... for me the wait is for gov election (30th july) shortly after sign off 90% and then annual results and jv for RHA.

[the bull] 05/7/2018 15:21

so good he had to say it twice

[moljen] 05/7/2018 12:50

dmitri, here here well said

[shapido] 05/7/2018 12:19

Personally, as much as I don't like/trust GR. I think the 90% deal has been done. But with elections end of this month and a possible runoff. We prob are looking at September before its announced. I think what will move this if anything is the JV partner/deal for RHA. Hopefully it's someone with deep pockets, a bit of work still to be done to finally prove up RHA

[bmcb5] 05/7/2018 11:15

there are none so blind as those who will not see

[dmitribollokov] 05/7/2018 10:10

Focus on who's been right here bull; you might learn something and not make the same mistake again, but I very much doubt it. Utter cretin...

[nicosevos] 05/7/2018 10:09

LOL.....Nice one Bull...

[the bull] 05/7/2018 10:09

what would we do without their pearls of wisdom, legends in their own lunchtimes

[dmitribollokov] 05/7/2018 07:55

It amazes me how people still focus on the ‘assets’ here rather than management. AIM is littered with bodies of companies that had ‘world class assets’ with no hope of ever realising the value of them for shareholders, because of crooked or incompetent management...

[aladin1033] 04/7/2018 11:19

Even though i doubt it will happen but id we get the 90% and deal plus kdnc funding it will easily hit 1p but i doubt this will happen

[doctor 69] 04/7/2018 10:42

Yes , I get the feeling if we get the 90% , then realist we will see these jump 50% then on getting rha deal , jump another 50%

[the bull] 04/7/2018 09:57

quite relaxing to see the price stable just now

[1madmarky] 04/7/2018 06:16

That's the way I read it too. Just a shame the market can't see it.

[tedoby2] 03/7/2018 20:47

In my eyes it's questionable which one of the two "sign-off's" will come first. The Governments or Auditors?

While we wait I also think its interesting to note that Zulu Lithium Mauritius Limited ("MauCo")
start to repay its $4m loan from Prem "Premier Loan" together with any interest on receipt of the Investments Amounts from Cadence Minerals Limited in accordance with the schedule on a pro-rata basis.

MauCo will obviously need the investments from Cadence not only to pay for the work to get to DFS but also the loan. For me this explains the difference between cost estimate suggested for the DFS of just over $2m to the latest investment heeded of just over $5m. The 5m isn't just the cost of the DFS it's the sum needed to pay back Prems loan too.

The $4m+ Prem Loan to the newly formed ("MauCo") represents the amount Prem Afr have spent on the Zulu project as as 26th June when Heads of Terms were entered into.That expenditure now sits as a loan from Prem to MauCo on MauCo's books

The parties have agreed that Cadence's part of Prems Loan (say $1.34 + interest) will be paid to Prem against the loan out of their stage payments. So out of the first one on $1.5m roughly $375m gets paid to Prem and so on. This could represent around $1.3m income to Prem from MauCo over the year or whatever the stage payments are spread over.

The repayments should make quite a nice contribution to Prems income and more than likely negates to need for near term dilution other than any that may be be required for growth which no savvy investor should object to.