Premier African Minerals Share Discussion Threads

[molatovkid] 14/8/2018 07:53

Its a junior, small-cap, miner in Africa with no money...if you 'invest' here, you know its not going to be plain-sailing. No point whinging incessantly about it....could be worse Mugabe could still be in charge and seize the bloody mine.

[pwhite73] 14/8/2018 07:41

£750k will not even scratch the surface for the money required to put RHA into production. It will merely keep the lights on until the next funding. When he says PREM is fully funded until December 2018 that does not mean they will not go to the markets for more money before then. Don't get confused.

[temmujin] 14/8/2018 07:40

SOLD OUT AT 0.24P yesterday...lucky or what?

[daar] 14/8/2018 07:36

GR needs to resign now

[bibdaddy] 14/8/2018 07:34

LTH screwed again after another discounted placing. Why wait to announce this this after yesterday's good news it was obviously negotiated before the spike! I now feel that GR needs to go and get someone in that has a clue.

Vote of no confidence should be the next RNS after this placing that funds the Christmas festivities!

[the deacon] 14/8/2018 07:31

How many times has this been 'funded to production' Molatovkid? Anything with GR has to be a complete avoid

[dmitribollokov] 14/8/2018 07:28

And that ladies and gents is why this company is uninvestable...

[molatovkid] 14/8/2018 07:13

When you are between a rock and a hard place, you do what has to be done. I don't suppose the banks were lined up to offer money to PREM.

In the great scheme of things, if this gets the RHA mine up and running and operating profitably then its worth it.

[sleveen] 14/8/2018 07:10

Bang on the money Jungmana.


Not only but also "This placement will see Premier fully funded in regard to working capital until December 2018, "


There's also the G&A to pay so another placing to follow in December 2018.

[the deacon] 14/8/2018 07:05

Death, taxes...and PREM discounted placings...

[bonzodog1] 14/8/2018 07:05

Rns out placing

[jungmana] 14/8/2018 01:04

My worry is once all the legal stuff is done and prem finally gets 90%, how will RHA get funded into production again. Off take , JV or make use of the new 2bn shares he can't wait to issue.
That project is a money pit and will need financing.
From rns of 20th July;
"Self-financing of RHA is the least preferred option and would only be considered on the basis of either a rights issue or open offer."
i hope he comes up with a good deal for the long suffering holders.

[dmitribollokov] 13/8/2018 22:02

Good news, but don’t underestimate GR’s ability to steal your lunch...

[gerrym two] 13/8/2018 20:36

Few things to fall in place but will start moving north ....RHA production and Cadence/Zulu news due will take us to .5p territory.

[ny boy] 13/8/2018 19:38

Long term hold, getting closer to decent news flow, expecting 3-4p by 2020, I was happy to add another chunk recently @ 0.16 GLA

[ihavenoclue] 13/8/2018 19:26

TheBull, I agree. Talking around just after Zulu DFS so end of Q4 2019/Q1 2020.

[doctor 69] 13/8/2018 18:30

Great so we should see a large rise on Friday and sustain us above 0.3 p Time to get your positions ahead of this

[andrewsr] 13/8/2018 18:29

.... and they agree with Premier's assessment of it.

[seagull676] 13/8/2018 18:17

Cadence live webinar is Friday at 10am.....let's hope they announce conclusion of Zulu dd!

[the bull] 13/8/2018 16:16

If that's the case I shall although GR did say they are not intending to raise cash I believe

[billthebank] 13/8/2018 15:58

Bull It wouldnt Surprise me if you get another chance to top up at that price b4 too long regrettably(he adds)

[the bull] 13/8/2018 15:44

4p and I will be the first in line, but that's a couple of years away maybe