Premier African Minerals Share Discussion Threads

[donald tramp] 13/1/2019 12:46

yep Aiden you keep banging on about blockchain as though it was new, it's years old, and a tangle is far better than any blockchain solution.

[aidenabettin] 13/1/2019 12:06

Im here for Circum as ive said all along but resources are being tokenised and it wont be done on AIM

[bushranger] 13/1/2019 12:04

aidenabettin - Would you get off this board pushing blockchain. Blockchain is as big a pump and dump worthless investment as PREM.

[aidenabettin] 13/1/2019 11:47

And dattels and Stalker transfer Nickel and Cobalt assets to ABM and are now going to liquidate them. Puppets who put their name at the head of the board have "ZERO" but take all the flak.Demand for Battery metals is massive but not on AIM but in Crypto and Blockchain.Multiple resource companies will disappear from AIM this year with puppets like GR being blamed

[goodgrief] 13/1/2019 11:38

Meanwhile, GR fiddles away with tungsten...Lithium rush: electric car boom drives race for rare metalshttPS://apple.news/AkdnKGJ0zSReU6GYCBQq-4w

[valhalla2017] 12/1/2019 15:50

It honestly boggles the mind folks defending gr/prem at the moment. This attitude of ‘he has shareholder interests at heart’ is the reason lifestyle companies make up the majority of AIM. The CEOs have no reason to care cause they know no matter what they do, they can collect a salary and expense trips and dinners. GR has driven this company into the ground and yet investors are still defending him. I’m honestly thinking about listing a company with the resources found in my backyard. Hopefully some of the prem shareholders will also think that some garden in outer London is a great investment. I promise to do a couple webinars and have a couple trips a year to have ‘meetings̵7;. And I’ll only collect half of GR’s salary. 150k. It’s a bargain.

[bushranger] 12/1/2019 11:06

teaboy- CEO giving a loan which is secured against certain company assets is not the same as a directors buying company shares. If the company can't pay back the loan (with interest) the CEO will get the asset and shareholders get zero. If the CEO then converts the loan to shares (as PREM CEO did) this is NOT the same as directors buy. The conversion of the loan created 142 million yes million more shares. So shareholders portion was diluted. A straight directors but does not dilute other shareholders.

[tedoby2] 12/1/2019 10:21

Moljen I have three comments in response to your post 10694. It should be conspicuous that I haven't mentioned your view on the level future equity will be issued at as it's so ludicrous it's not worthy of comment.

Firstly you and Val are propositioning that the process Prem have adopted to raise cash may be repeated and it amounts to the same thing as a placing. Your both naive and wrong in my opinion. But whether your assertions on this and elsewhere are born out of mischievousness or malice or just ignorance I'm not altogether sure yet.

The process Prem has followed in the past by issuing shares to pay loans is much similar to a Director purchase than a placing. It’s seen in a positive light by the market and of course has no affect on the Freefloat if there's no intention to release them into the market which is the case here.

A placing on the other hand almost invariably increases the shares in Freefloat and is more likely to have a negative impact on sentiment. Unless you have an ulterior motive it's mindless to argue a Directors loan conversion and a placing “amount to the same" as you both seem to be doing It's also disingenuous to assume that all shareholders are alike and are all gullible.

Secondly if you’re not naive then you must know it's simply misleading to say "have no cash to pay them off so issue equity. Short of Circum doing something it's going to be the same again". In the past Prem have issued equity to satisfy Director loans that’s true. But it’s been by choice and not out of necessity as you incorrectly imply. The Director was quite at liberty to sell the securities offered in lieu of taking shares but chose not too.

Alternatively Prem could have raised cash by other means to satisfy the load payment or a "rollover" may have been another alternative. The choices Prem may have to deal with any similar circumstances in the near future are likely to increase and not diminish. I'll pay you the courtesy of not having to list those as I'll assume you'll know what they are as they're relatively obvious. Suffice to say it's most unlikely Prem will ever be solely dependent upon a corporate event in Circum whatever and whenever that may be.

Lastly you're opinion of what the Government may do apart from being groundless is weak. Extremely weak. Not only does it fly in the face of what the Government’s domestic and international policies are it also disregards the legalities of the current Shareholder Agreement and the recent changes to the indigenisation law.

Perhaps you weren't aware of the implications of those given you’ve not considered them. You seem to have forgotten too that Prem hasn't asked the Government for help to finance RHA. The Government having clearly seen the merits in trying to promote a much more positive outlook for business have offered finance under their own volition! So they’re doing quite the opposite of what you would do in their situation in fact. Oh dear is that a failure on your part or their’s is a question I'm able to answer without too much thought.

Prem's position is nothing like either Flybe's or BZM's as mentioned by Val by the way. I have to say I'm quite surprised by your and Vals apparent narrow mindedness by making the comparisons.

AIMHO

GLA sincere shareholders.

[aidenabettin] 11/1/2019 15:27

He had a PFL !!!!!!

[valhalla2017] 11/1/2019 15:22

speaking of BZM. I was involved with them back in the day. At one point they were trying to raise cash from a pizza chain owner in Germany. So the writing was on the wall. Sadly, PREM is now entering that situation. You can only mislead the market for so long.

And is GR's little London jaunt done? A couple dinners, a quick visit to Annabel's and back to the farm. I thought he was going to inform the market today of all the amazing meetings he had this week...

[aidenabettin] 11/1/2019 15:07

Paranoid maybe but resource sector focused definitely and its transition to crypto/Blockchain has begun. Its all about asset transfer out of AIM and many companies will be liquidate to accomodate the move..ABM and BZM already sacraficed but who will be next because there will be a next and many of them

[moljen] 11/1/2019 14:59

AAB - you do realise you're come across as slightly David Icke'ish don't you? If you're not old enough to understand that then somewhat paranoid equates.

[aidenabettin] 11/1/2019 14:26

Spreadbetting companies are now in total control across the AIM resource sector..Many will fall this year pushed into liquidation by the city

[aidenabettin] 11/1/2019 13:32

AIM resource stocks will be smashed in 2019 and PREM already has the private company registered for asset transfer.Time to get out of AIM resource stocks

[moljen] 11/1/2019 13:29

Tedboy - Val has nowhere claimed debt is the same as equity, he said 3 months down the line equity was issued to clear a debt which is what happened. As a point of reference it's a recurring practice of Prem over the years, run up debts, have no cash to pay them off so issue equity. Short of Circum doing something it's going to be the same again. Apparently the BoD have "in principal" agreed to do the same with 50% of their salaries - same effect more shares issued to clear debts, unfortunately we're heading towards the ceiling to continue to do so and all the whilst the share price drops making out more and more difficult. Just IMO but in one form or the other my view is an increase in shares in issue calculated at a price of 0.0005 to .0007, only other way as previously indicated is a Circum event. Honestly if you were a Zim Govt negotiator and if (a big if) you had a few $M to put into this you'd play hard ball exactly as happened with Flybe this morning.

[tedoby2] 11/1/2019 12:50

Val you should know better than try to persuade me that debt is the same as equity.

They're not the same and neither can they be regarded as the same if there's two events and a disconnect in timing as your saying. Raising cash will either be debt or equity at any point in time unless it's a contribution from the Government in which case it may not be either.

bushranger Prem may not need to go into debt or issue equity to continue to pay the bills as I've just explained. I've not heard anyone touting "winding Prem up" either so could you give be a reference to that statement please.

Whoever touting they're wrong. That is not the intention and Prem will continue to trade even after the spin-out of the Zim companies to form Newco.

Don't forget to give me that reference please.

GLA sincere holders.

[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.