Premier African Minerals Share Discussion Threads

[bushranger] 11/1/2019 10:37

There will be a placing shortly as the last raise saw PREM have enough working capital until the end of December. The only way to continue to pay the bills and not go into administration is to go into debt (who in there right mind would lend money to the failed company that is PREM?) or raise via placing. As PREM have diluted this company to death I understand why winding PREM up is now touted as an option and forming a new company with consolidated shares a raise and some form of carrot(that will come to nothing)to suck new investors in. AKA Rumor Zimbabwe might put money into PREM. Current shareholders will lose big time and new investors will quickly see the whole ramp and dilute start over.

[valhalla2017] 11/1/2019 08:37

Tedoby - of course I know it’s got nothing to do with shorting. You can’t short this. Those that say there are shorts are being disingenuous. You know the best part? GR honestly believes this is being shorted. Like seriously. Just shows how removed he is from reality.

And re a placing. The only reason it hasn’t happened is that GR is using credit cards and IOUs to delay it. We have no cash. Yeah maybe he can sell arcm (at a loss). But what another loan from the trust against circum this time? And then 3 months down the line he’ll convert it to shares. That’s the same thing as a placing. It is exactly what he did with the last loan.

Like I said previously. GR is misleading investors and the market. He should be removed but investors seem to think he’s doing great. This week was supposed to be ‘Massive’; and we will end it trading sub .10. That in itself should give folks pause.

[doctor 69] 11/1/2019 07:56

Val , you have been calling a placing since last year . Give it a rest

[tedoby2] 11/1/2019 07:54

Val I think I know what you're referring to and if I'm right it's nothing to do with shorting.

Isn't it time now you gave your "placing" spin a rest. You've been banging on about this on a daily basis for the last two months at least.

I do like to read your posts believe it or not but your placing story is like reading the same chapter on a book over and over. So can you give it a rest please.

[valhalla2017] 10/1/2019 12:48

wow. another attempt to shift blame from GR's ineptitude and claim the share price is down to an organized 'shorting attempt'.

I'm sure when GR announces the next placing (maybe this week if he can close any of them while in London) those same posters will claim that it's accretive. ha!

and I know someone asked this before, but those that are accusing some of shorting this can you let us know who is lending stock. the upcoming raise is sub .10 so it's easy money. I'll split the profits with you. promise. 50/50.

[valhalla2017] 09/1/2019 17:23

ha. it finished down. even after all of GR's efforts to manufacture a spike. I'm sure GR is drowning his sorrows over an expensive steak. all on the shareholders dime though. he's technically here 'on business' so all this is an expense. :)

[valhalla2017] 09/1/2019 12:09

Looks like the zim gov't funding nonsense has finally run out of steam. soon GR will need to come up with a better rumour. I really do think the 'Rio Tinto buying out prem' is the winner. At least Rio has money, whereas the Zim gov't is as broke as prem.

[bushranger] 09/1/2019 12:01

vitec- A refreshinly honest post. I sold my stake in PREM for a loss (thankfully) at 0.56p. I was sucked in by those pushing ramping PREM. Since then I have returned when those people trying to suck new investors in and see them robbed blind start ramping and post the alternate veiw. PREM is mismanaged period and survies soley on the misery & constant raises/ dulution of private investors money. Those promoting it have no shame. Administration has always been the end game for PREM.A share consolidation with new company being formed will keep the circus going for a little longer but this market will now mot be kind.

[barnetpeter] 09/1/2019 11:54

0.46? You will be knocked over in the mad rush! Any placing at what price? 0.1 maybe? Is lower possible?

The most likely situation is prem will go into administration....but how can we sell at this price? We need a miracle here....

[vitec] 09/1/2019 11:43

My mistake was when they hit a penny a share. I should not have been so greedy and taken a very handsome profit. I did ok but nowhere as well as I should have done.

.46p is a long way away and I fear that many would have departed long before then. GLA

[moljen] 09/1/2019 11:40

Vice - couldn't agree more, Mgmt here has been borderline criminal with some of their decisions. Own stupidity though has me where I am, should have run a mile the day Darwin were first involved. Hey ho though in for a penny or £50K however it may be, anywhere near .46 and I'm out of here

[vitec] 09/1/2019 11:08

Bonzodog, I for my sins own a large number of shares in PREM and want them to succeed but bushranger makes valid points whether he owns shares or not.

Reading between the lines the ZIM government seems to have decided that they don't want to give up 51% of the shares to PREM and want to hold onto the asset. PREM don't have any money (or so it seems) and need to take whatever is on offer. The ZIM government has little money and PREM little money so draw your own conclusion.

RHA is a white elephant and a money pit. Why did George sink £750,000 into drilling more holes without an agreement in place? The guy either trusts everyone that they will do as they say or is inempt or both.

Circum is the only white knight and who knows how long that will take.

I would not have said I have been blinded here but I certainly should have been more diligent in my understanding of the assets (mostly RHA) and followed my gut concerning RHA. I should have had a bit more humility to those that were far more negative and that their point of view was also valid regardless of their reasons.

[bonzodog1] 09/1/2019 09:42

Why are you bothered when you don't own any stock, you've got to laugh at these self imposed messiahs

[bushranger] 09/1/2019 09:39

From the outset, reading the article, gives the impresion PREM approached the newspaper to 'give' the story? PREM is broke. The last raise (RNS 15th August) gave PREM enough working capital until December. So PREMs money has run out! Hence all this talk of possible Zim government funding. PREM need a raise and soon. Current share price is almost less than a tenth of 1p. Thats right, a tenth of 1p! Hence the talk of making a new company. It will no doubt sell off some of what little assests it holds and consolidate the share price Shareholders will lose big time. The new company will then continue to dilute the consolidated shares as it has done with PREM. All the while dangaling carrots that never come to fruition. So outright raise or company restructure with raise and possible ZIM government money as the carrot to suck in investors and part them with their money.

[the bull] 09/1/2019 09:24

For those that don't look at the LSE board

hxxps://www.chronicle.co.zw/government-to-fund-premier-african-minerals-project

[ihavenoclue] 08/1/2019 22:41

"Circum IPO in 2019 Q1 was what I said to meet the company's self imposed production targets as stated in the magazine article in Nov 18."

No, on twitter you stated January 2019 so would need IPO November or December, Not sure why you are lying about that now ???

[aidenabettin] 08/1/2019 13:51

Many AIM resource stocks will be looking to exit with as much as they can. AIM is finished imo..New era of Crypto and Blockchain has no use for AIM especially in the resource sector

[aidenabettin] 08/1/2019 13:49

Good luck trying to get a placing done on AIM this year. The money is piling into crypto

[vitec] 08/1/2019 13:34

Doc, I hope you are right but this could be just another false dawn and MM's raising their prices to off load shares. Until I see something solid in the form of an RNS I am not going to speculate. To many variables the biggest one being George!!

[valhalla2017] 08/1/2019 12:03

ooh. I figured out the next RNSs. It's going to be an old school GR combo. It will be on increasing Zulu acreage and a placing (sub .10). Then GR will do another podcast saying he doesn't understand why the share price dropped 30%.

also, on the lse board any post re an upcoming placing is removed. but the posts on the zim funding nonsense are allowed to remain? and now we see why investment into aim is falling....

[bushranger] 07/1/2019 18:05

My money would be that the first actual meaningful event in 2019 for PREM is yet another placing. If I had two choices second would be a joint placing/ share consolidation/ company split. The share price is soon to be even less than a tenth of 1p, which in and of itself shows how worthless PREM is. If GR is keep diluting he will need to do something to pull the wool over the eyes of new investors.

[aidenabettin] 07/1/2019 10:44

Dattels and Stalker will have already done the deals for the lithium assets. And to make matters much much worse we know Cadence are involved. What a total mess and typical of AIM.PREM is finished imo

[valhalla2017] 07/1/2019 10:14

tedoby - if Zulu is such a jewel then why didn't GR do a single thing to advance the project in 2018? Other companies moved their lithium assets forward. GR doesn't seem too bothered. In January of last year he told investors that zulu dfs would be fast tracked and be done in 12 months. He hasn't drilled a single hole since saying that....