Premier African Minerals Share Discussion Threads

[valhalla2017] 28/2/2019 17:09

and if you heard what I heard about Circum you would realize why prem/napom have stopped talking about it. very high chance it doesn't happen in 2019. very high. might drag out even longer.

[valhalla2017] 28/2/2019 17:07

I would beg to differ. my posts are not aimed at stifling debate. look at my responses to ted. and I've called this right time after time. when I called a placing was coming (and I knew it was from GR's time in London in Jan) people said I was full of it. and yet it happened at .09. The next raise will be 5 billion at .085 or lower. Unfortunately just the way it is with GR.

[frost1] 28/2/2019 16:28

One megalomaniac dominating lse board same as here.

[valhalla2017] 28/2/2019 16:10

man I feel for those on the lse board at the moment. I hope SVS can shift all their shares soon so the LSE board can go back to a sense of normality.

[valhalla2017] 28/2/2019 14:44

The issue is that GR and co don't really care. GR will spend a good 45 mins about HBR and about the reduced drilling costs once we acquire KME. and then talk about how the market is mis-pricing prem and that with time the true value will show. he has been repeating the same waffle for years. all the while the only increase is in GR's bank account.

I've attended too many of these GR investor events. TBH the best would be if no one showed up. It makes no difference what GR says. the next announcement is the HBR dilution. i'm thinking 5 billion shares at 0.085.

[valhalla2017] 28/2/2019 12:35

Mol - tbh I can't bring myself to attend anymore. There is no point. GR will continue to dilute shareholders until finally there is nothing let. hence HBR - he needs a reason to raise the sharecap. look at the last RNS, already talking about gold/HBR. and look at Ted. same thing. now it's all going to be about gold! story repeats itself.

It's amazing how calm the shareholder group is following the 0.09 raise. what will the next raise be at 0.06? maybe even lower? some say Circum has been GR's greatest investment. I beg to differ. I think Napom has been GR's greatest investment.

[moljen] 28/2/2019 12:26

Val - I can't get down from the North for next week. Are you able to go and raise the relevant questions?

[valhalla2017] 28/2/2019 12:00

insane volume. at this rate I think we will shift through the placing stock by this afternoon. tmr morning at the latest. just in time for the 'you don't want to be out of this over the weekend' trade.

great stuff from GR. can't wait for the upcoming investor event in London! I hope they have the salmon sandwiches again. it's the only thing of value during those events.

[valhalla2017] 28/2/2019 08:49

One little post from napom? What happened to all the ‘GR won’t raise at this level’? Really fighting for shareholders there, eh?

Also, if you look back at the raises over the past 2-3 years you know the next raise will be even lower. Just look at the folks who got suckered in at .18. Yesterday’s was at 0.09. With the burn rate at around 150k a month, this 400k will last until the end of March since we had January debts. Let’s see how low GR will raise at in April....

[valhalla2017] 27/2/2019 20:31

And seriously. Where is napom?

And I wonder know what the share price will be for the HBR raise. I know the rns said 0.085 but the share price will be way below that in a few weeks time so why would HBR pay a premium? Who’s up for 5 billion shares at 0.06!!!

[valhalla2017] 27/2/2019 17:04

did someone seriously pay .11 for 2 mill shares @ 16:14. or is that a misprint?

If it's not a misprint why didn't they wait until next week when they could pick it up in the .07s.

[valhalla2017] 27/2/2019 15:20

will we hit .08's today? sure looks like it! wooooo!

[valhalla2017] 27/2/2019 13:24

GR can't change plans now. HBR is how he will continue milking the company. he needs an excuse to increase the sharecap so he can continue placing. without HBR, GR might have trouble passing an extra 3-4 billion share increase. but now he will talk about gold, near term production, etc... none of that production will ever happen but at least he will have the room to continue raising at lower and lower levels.

and Circum might not even happen this year by the sounds of it. so the only thing prem shareholders have to look forward to is the .085 raise for HBR. and I heard another placing is on the way. I'm not kidding! there are a few IOUs that need near term servicing. so GR might have to add that to the HBR raise. we might be looking at 5 billion shares. gets better by the day!

[the bull] 27/2/2019 13:07

He will have probably changed plans by then

[valhalla2017] 27/2/2019 12:53

and where is napom? he keeps disappearing at the oddest times :)

I'm sure he'll be back tomorrow with reassuring words about how GR is coming to london to talk investors through the value creation in the HBR deal.

[rusty9717] 27/2/2019 11:09

OMG how many warnings do people need.

Look at those shamelessly pumping the stock last couple of weeks. Have been waiting for the inevitable. Same old faces on Twitter

George Roach and Richard Poulden. AVOID

Absolute scum.

Sorry for those that got pumped. Took my medicine 18 months ago.
Only looked it as saw it on the losers board.

:-(

[aidenabettin] 27/2/2019 10:35

Buyer Berware!!!!!!.Plenty of warning was given.Do not touch this stock

[ihavenoclue] 27/2/2019 10:17

Zulu drilling news yesterday placing today. Leopard never changes its spots.

[valhalla2017] 27/2/2019 10:09

And last I heard the condition for GR to step down is for shareholders to approve the HBR deal. So if folks want to see GR gone they will have to approve another 4-5 billion shares. HBR and more working cap....

If folks are serious about an egm I can chat to a few of my friends (corporate lawyers for publicly listed companies) and see what the options are. if there is initial interest (premegm2019 @ gmail.com) the only thing I would ask is for you to give your lse or advfn id and a general sense of how many shares. no folks without lse or advfn ids.

oh, Circum is not happening anytime soon. just fyi.

[the bull] 27/2/2019 10:07

There seems to be a few now on the LSE bb that are questioning the honey badger purchase. How long will it take to fritter away 400K, a bit quicker than the primary bid money I suspect. Maybe he has been told the RHA money is coming soon but relying in the timing of that would be completely insane. Would have been better to go back to the badger deal after funding has been sorted properly. Maybe the government have something to do with this deal

[valhalla2017] 27/2/2019 08:36

With GR’s upcoming London trip the Chesterfield indicated that it wanted payment upfront. Hence the raise.

Also I heard a couple more things so I’m holding off buying. This might drop to the .07s soon and then I think there’s an easy 10% there.

Napom - where are you?

[bigboots] 27/2/2019 08:23

DO NOT BE FOOLED BY THIS RNS AND THE RNS YESTERDAY

GR will keep raising and raising and offering olive branches which are worthless which hapless investors do not understand

One way with this stock - DOWN

What happens if ZIM take away the licences because PREM cant fund them

???