Premier African Minerals Share Discussion Threads

[daar] 14/8/2018 16:49

Closing above placing price is an achievement on its own!

[bonzodog1] 14/8/2018 16:25

A guy on lse just bought 30mill

[jungmana] 14/8/2018 15:16

The revenue figure does not matter , the target is profitability

[bigboots] 14/8/2018 15:12

A new dawn here.. Incredibly cheap if GR can this time get the mine working and start excavation of the Lithium


Well cashed up for at least 6 months. with projected revenues of $900,000 a month



Could this be the sale of the century



Time will tell


Loaded up here with a big holding...

[barnetpeter] 14/8/2018 13:06

Just knew there would be a placing today. Every day there is any decent news the next day....still at least there is no cash problem for a while

[boom boom bang bang] 14/8/2018 13:05

The London-listed oil company JKX Oil & Gas is scrambling to find out why a Ukrainian MP has quietly become its second largest shareholder in a deal that has sparked speculation of a potential takeover by oligarchs. Vitaliy Khomutynnik, one of Ukraine's richest men, has clinched a 20 per cent stake in JKX - which has assets in Ukraine and Russia - via an investment fund called Cascade. He bought the stake from Proxima, a Russian fund that in 2016 succeeded in booting out the entire JKX board. - Mail on Sunday

[boom boom bang bang] 14/8/2018 12:56

POSSIBLY TAKEOVER

JKX Oil & Gas PLC Notification of major holdings
14/08/2018 12:21pm
UK Regulatory (RNS & others)



Resulting situation
on the date
on which threshold
was crossed
or reached 19.97% N/A 19.97% 171,723,145
------------------ ---------------------- ---------------- --------------------
Position of
previous notification
(if
applicable) 10.00% N/A 10.00%
------------------ ---------------------- ---------------- --------------------

[nick rubens] 14/8/2018 11:26

There is still a lot to hold for including the Circum stake. Additionally great for those who traded out and can get back in though

If this tungsten mine becomes profitable, as we are being told, then PREM should be on the way up as an 'investors' share rather than a 'traders' share.

[showme01] 14/8/2018 11:06

Too expensive to do an open offer and it takes too much time. They clearly wanted to get it away quickly to make progress.

[bibdaddy] 14/8/2018 10:58

I would like to know who purchased this placing. Why wasn't it offered to PI's- because it probably went to a mate or to repay a favour!

[showme01] 14/8/2018 10:42

I've put a few grand into PREM this morning. Plenty of potential upside short term so once the placing cleared, which was probably mostly pre sold yesterday, we should see some very good gains on positive news. I normally would not back poor management but the assets could be outstanding and with the changes in Zim, this could be a good time to ride that wave.

[the bull] 14/8/2018 10:02

who have they been placed with, do we have an II on board

[doctor 69] 14/8/2018 09:34

I am impressed at the strength today , this holds well going forward for Friday . The plan looks like small placing to get the rha into production , then ? Joint venture from a position of strength with 90% holding . I am happy with today's placing and by end of the week , perms two assists may be moving forward well .

[driver101] 14/8/2018 09:26

Looking at the trades there hasn’t been a sell off, just the usual mm’s mark down after a placing. This will be up from tomorrow. IMO.

[doctor 69] 14/8/2018 09:24

Are the trades at 0.1979 buys

[vitec] 14/8/2018 08:53

So I have my friend so have I. I won't make the same mistake again if we get that far. This could be the start of something but I have had too many false dawns.

As with many companies on AIM the share price runs away with itself and is not a true reflection of what is reality, it is bluff and bluster. When the company actually does have some traction the share price can be slow to catch up, but when the herd realize what is going on, then a fire is lit and away we go. We may have the perfect storm in RHA, Zulu and Circum but I do not want to get mine or anyone elses hopes up that this is the true beginning of redemption.

[daar] 14/8/2018 08:45

Agreed mate! I will be honest with you circum holding is the only thing I think can save us for now. Also missed cashing out of this share many times in profit in the past 3-4 years. I am down on this but I am confident that I will get my money back with some profit on top

[vitec] 14/8/2018 08:41

Daar, I agree but many LTH's have issues with trust. George has made to many wrong turns in the past. Maybe PREM are getting their act together now and this is the start of something. The problem is being invested in PREM has been opaque and not transparent. Trying to second guess a CEO that changes his mind or gives out timelines that are not achievable is bloody nigh on impossible work!

So I hear you shout why do you stay invested? I have asked myself that question many times. Maybe I am so stupid that I believe it will come right for some day it will. I am happy to sit with the shareholding I have and see what the next 6 months bring. Beyond that I will have to appraise the investment on the best available information. GLA

[daar] 14/8/2018 08:35

Placing done and dusted now get on with the business to make RHA profitable with current prices and with a 90% share

[vitec] 14/8/2018 08:27

NY Boy, your point is valid but it is a much bigger issue. The assets are great but when you have a CEO that runs the company as his personal fiefdom at the expense of everyone and everything else then you have an issue. Trust is a serious issue.

I feel we are being sandwiched. Good news, not so good news, good news. I await the next RNS which I think will come along very soon.

I stay invested purely on the basis that once I can release my funds at a reasonable value and hopefully profit I will start to reduce me ever increasing holding. Ironically, I may choose the time when PREM do get their act together and the share price starts to reflect where the company has got to.

I was surprised that we got yesterday's RNS but not surprised about today's. If the money helps to get RHA up and running and more importantly, profitable then I will be very happy but I am not holding my breath. It maybe a Tungsten mine but to my mind it is a money pit.

Does the Mcap reflect that the asset was fully impaired and now could be a fully functional and funded asset (for the time being) producing revenue and profit? I will let you draw your own conclusions.

[ny boy] 14/8/2018 08:13

Too many expected short term returns, if this closes above the placing price it will be encouraging for long term investors,, if you bought sub the placing price you would be content, always ignore the noise dyor at chill.

[daar] 14/8/2018 08:06

The only thing we can save us long term holders is Circum's IPO this year

[bibdaddy] 14/8/2018 08:01

Opens up 16% down...well done George!

[letmepass] 14/8/2018 07:59

More funding means another spike.. Add the dips and wait

[jungmana] 14/8/2018 07:58

Well he can't leave it till the money runs out at end of year to come back to market. Another placing is definitely going to happen well before then especially knowing how much money always gets spent on RHA and is still unprofitable. The best that could happen for prem is for George to just step aside.