Premier African Minerals Share Discussion Threads

[aidenabettin] 06/1/2019 08:12

Who is behind Circum and in which jurisdiction is it registered?

[moljen] 05/1/2019 23:07

Val, you missed the one other option .... the undertaker

[ihavenoclue] 05/1/2019 22:03

napom ... you also said that Circum was starting production of their plant in January 2019 so would need to IPO either November or December. So be careful who you accuse of "false news" when you do just the same !!

[valhalla2017] 05/1/2019 21:01

Well let’s see what comes first. A placing, circum ipo or the funding from the zim govt. then we will know who is peddling fake news...

[aidenabettin] 05/1/2019 17:37

Always said i was only here for Circum..Need that potash for fertiliser manufacturing to support massive agriculture drive.https://www.finextra.com/pressarticle/73156/government-of-zimbabwe-signs-mou-with-fincomeco-to-drive--innovation-in-agriculture-markets

[napom] 05/1/2019 17:22

Potash market is recovering which makes the investment case for Circum much more viable....which will be welcome news for Plinian Capital who has a stake in Circum. www.pliniancapital.com

[napom] 05/1/2019 17:05

Thought you had it sorted on the fake news dept Val.

[aidenabettin] 05/1/2019 16:43

I know a company that is looking for a potash asset in the East of Africa..https://www.africanagronomix.com/potassium-1

[valhalla2017] 05/1/2019 15:49

I’m confused. You say that they can be liquidated at any moment. But then you say that if prem decided to liquidate them GR would need to find a buyer first. Maybe you should be more clear in your statements. Or add a qualifier. Maybe I can help you. *GR has the option to sell prems circum but he would need to find a buyer.*.

That’s a little bit closer to the truth than ‘prem can liquidate it at any moment’. Because if a buyer can’t be found, then no, it can’t be liquidated at any moment.

And GR must be really close to the placement now that he’s set you loose to drum up false positivity. I’m telling you, go with the Rio tinto rumours. Much more credible then all this nonsense re zim govt providing funding.

[aidenabettin] 05/1/2019 14:45

Do they need the AIM listing now if they cant get a placing?

[napom] 05/1/2019 13:48

PREM does not have debt to force the company to liquidate its assets. Current liabilities have been reduced - salaries, RHA mine costs minimised while in C+M mode and the bill to stay listed on AIM not due till 1st April.

[aidenabettin] 05/1/2019 13:45

Circum may end up being the only option available to raise funding in what will be a difficult year for placings on AIM. The other option for funding by the ZIM gov is always hit or a miss but they have handed out large sums recently but all to PRIVATE companies

[napom] 05/1/2019 13:40

If a private fund offered to buy PREMs circum shares considerably more than what PREM paid for it and if the company desperately needed it then it will be sold to stay afloat. But currently the company has no reason to sell...as it still has options. One of them is the potential funding from the zim govt to help bring RHA back into production could help ease the set up of NewCo. It would mean that the company will not need to raise all of the $6m required to list NewCo.

[aidenabettin] 05/1/2019 13:38

Circum ring fenced?

[aidenabettin] 05/1/2019 13:37

But PREM can be liquidated and the major creditors could walk away with the assets

[napom] 05/1/2019 13:30

Circum shares were sold to GR..same way that it can be sold to another buyer Circum is not listed so cannot be liquidated on the market. Thought you knew this Val?

[valhalla2017] 05/1/2019 13:07

Not even that mol. Napom says that circum can be liquidated at any time. That’s an interesting comment cause GR feels (and says) exactly the opposite. He is not able to liquidate it and is at the mercy of circums management team in order to monetise prems stake. Funny that.

[aidenabettin] 05/1/2019 13:03

Shareholders here over the years have paid for all the early stage development and at the end of the day will be left with nothing imo. This is going to be a real bad year for holders of AIM resource stocks expecting a big pay day on the not unjustified hope of a major return on investment based on the holding of world class assets. Its just not going to happen that way. "Difficult market", " regulatory problems" , "internal country turmoil" or "unable to obtain equity funding". This is the year of blockchain/crypto and all resource assets are migrating. The majority of AIM resource companies will see world class assets released through liquidation imo. Do you think those running the show in Africa will care?.Just like the lethargic owl "They wont give a hoot"

[napom] 05/1/2019 10:55

300k loan was already converted to shares by GR..i thought you guys were upto date with research?

[aidenabettin] 05/1/2019 07:59

Another private company recently incorporated and now on the watch list.https://beta.companieshouse.gov.uk/company/11652122/filing-history.Lithium, Cobalt, PGM's or any other asset that may be liquidated on AIM and will be looking for a private home.

[aidenabettin] 04/1/2019 23:59

One thing that is not in doubt here is the quality of the assets especially Circum..How do PREM get all of the assets out of AIM because thats the plan imo..This will not end well for PREM holders given that we know who is pulling the strings. Posters can blame GR all they wont but he only says and does as he is told. All this lifestyle nonsense is a typical approach of lenigas supporters who operate on multiple stocks on AIM. No resource stock is safe on AIM as we transistion to Crypto. The chinese have recently agreed to pump a further $60B into Africa and will have their way regarding resource deals. UK aid money that was diverted offshore by finance ministers from all countries who received the aid will now have it returned as business investment and not aid. The amount to be returned is in the billions.imo multiple AIM companies will be intentionally liquidated intentionally this year with substantial world class assets being taken private by creditors. This imo is the reason the private PREM has been registered. It should also be noted the the normal practice of the gangs that operate on AIM is of the good cop/bad cop style. Believe none of it but just look back over the history of those pulling the strings. Pi's are NEVER rewarded with anywhere near the true value off the assets under control. It will end bad here!!!!!!

[jungmana] 04/1/2019 23:34

Circum and arcm holdings can be monetized anytime? Lol!Circum has been on sale for ages and still nothing. Some shareholders want to sell and the only buyer they could get was GR.As for Arc holdings you may as well forget that as is security for the $300k loan .

[jungmana] 04/1/2019 23:28

Zero debt? Do some research please. What of the $300k owed to GR?Zimbabwe government can't even pay civil servant wages on time. Hyperinflation and very little foreign exchange making it hard to even buy basic food stuff and you think they are going to pump m9ney into RHA? Keep dreaming.