Premier African Minerals Share Discussion Threads

[ihavenoclue] 22/4/2019 20:14

tedoby ... it's funny how you call people who highlight the concerns with PREM as derampers , of which there are many - concerns and derampers - as you call them, yet ramp the assets to the high heavens.

How do you think we can unlock the assets without Circum IPO ?

Regards
IHNC

[valhalla2017] 22/4/2019 14:24

Now it’s end of the month for news! ;). Soon it will be, ‘Q3 for news’!

And SVS run a tight ship I have to say. Making their employees work throughout Easter....

[valhalla2017] 22/4/2019 10:14

Hi Ted - that lse admin fee was taken from napom actually. And I know we don’t agree on the definition of debt but GR is also on record saying that the raise in Feb was needed to settle some urgent IOUs and for working cap. 400k does not last that long. So I’m sure we are low on cash again....

And the fact that a certain poster showed up a few days before the SVS placing and is sill reporting posts makes me believe that either SVS aren’t done selling (which they should be by now) or that they are forward selling the next placing (much more probable).

And going back to circum. GR was desperately trying to sell prems stake last year and there were no takers. Maybe things have changed this year (I’m hearing murmurs) but if we don’t get this 6 mil this week then at this rate we could be waiting until next year. And in that case the placings will be at 0.02. But again GR won’t care too much. He’ll just raise the share cap.

And lastly. I see folks on the lse board are accusing others of multiple ids. The last time this happened the share price was in the 0.2s. And napom was so happy that they purged the site of all the derampers. And what has happened since. Oh yes. The share price dropped to 0.07s. Excellent work by napom.

[tedoby2] 22/4/2019 08:28

Val I'm not as close to GR as you appear to be. So I've no idea what he's been saying to shareholders and therefore can't comment unfortunately.

You and I are aligned on the fact that changes need to be made at management levels within Prem. We just have very different views on the way it should be sorted and the timing that's all.

I can't agree your view on cash when you say "The last one has to be almost done" though. I think the figures and calculations used to support your statement aren't quite right. They may be worth re-visiting and checking. Especially the one for LSE fees where it looks a though you may have used a "joining fee" rather than the annual cost.

[valhalla2017] 21/4/2019 18:48

Ted - very well researched post re circum. But the fact that GR is telling shareholders that he would give his left arm just to have someone give us 1.25/share says something. Nothing good unfortunately.

[valhalla2017] 20/4/2019 12:10

Looks like SVS works day and night trying to report any and all posts on lse. At this point they’ve either taken a mistimed position in the company or they are trying to forward sell the next placing. The last one has to be almost done so there’s no need to monitor the board 24/7 for ‘negative̵7; posts.

[frost1] 19/4/2019 23:21

Val is not invested in prem. Valium has an obsessive hatred of GR and Prem. He needs treatment.

[valhalla2017] 19/4/2019 12:21

Wally - unfortunately a solid wedge.

But there’s not much I can do while GR continues driving this company into the ground. Well apart from my running commentary;).

And I see, SVS is still posting. I would have thought that with yesterdays late afternoon chunky sells his job would have been done. Well apparently not, so it looks like we’ve got more block sells to go through.

[gaddy88] 18/4/2019 19:46

Me too! I have zero money invested here but I literally touch base every day to see what Val posts. It's bloody great.

[wallyjumblat] 18/4/2019 19:16

Val,

I think I am becoming obsessed with your obsession of this Company, are you in fact invested?

[valhalla2017] 18/4/2019 14:29

yes! we hit 0.06s!

now that we have had the Easter excuse, the next one will be 'well it's the summer holidays so of course nothing will be signed yet. just need to wait for the minister to come back and it will be signed in a jiffy!' ha! I jest, I jest.

[the bull] 18/4/2019 10:58

I see there is now some realism on the LSE bb. About time.

[valhalla2017] 18/4/2019 10:48

that's just SVS posting on the LSE board trying to prop up the price so they can offload the placing shares. let's see if SVS decide to dump at the 0.06s...

the opportunity for shareholders was last year. Napom saw to it that nothing was done. Like I said, Napom was GR's best investment.

And in the past I said admin would be better than this. but I've heard the valuations that potential investors are putting on the assets and I can tell you that if we sold everything today, we would not get 6 mil. so the best hope is that we somehow avoid admin and pray that Circum happens in the next 12 months or so. maybe we hit .10s on that news...

[the bull] 18/4/2019 10:27

He is either being bent over backwards by the zim government or we are being bent over backwards without lube by the BOD. This is looking very grim now. But smiley over on the LSE no doubt with have comforting words. By the time the company gets to this state, there's not much shareholders can do about it unless one can throw a lot of money at it and sack the BOD

[valhalla2017] 18/4/2019 09:57

what happened to the 'minster is back in town' trade. :) and I think we finally hit the .06's this afternoon. woo!

at this rate, we will be sub .05 by the end of April. right on time for the next working cap raise. let's see how low GR can drive this company into the ground.

[valhalla2017] 17/4/2019 22:39

Go SVS!!! Serious posting today.

[valhalla2017] 17/4/2019 17:40

maybe GR can do a podcast tomorrow. then we will definitely hit 0.06s before the Easter break! :)

and given the selling today, it starting to feel like forward selling. Get ready for more of the Sunday evening posts claiming that the upcoming week is when we finally see the long awaited upward trend.

And SVS is relentless in their posting. that's what makes me think another placing is right around the corner. they wouldn't be posting so much just to clear the last one...

[valhalla2017] 17/4/2019 13:57

let's see if we can hit the .06's on the back of today's RNS. it would be another milestone in GR's continued commitment to delivering shareholder value :)...

[valhalla2017] 17/4/2019 11:57

and this is where the lse admin show their true colours. how is Napom's comment that the letter is a legal binding document allowed to be posted. Has Napom seen the contract? has the contract been RNS'ed? No. So he is implying something to influence the share price based only on his opinion. but when someone says a placing is coming, the post is removed. and yet the placing predictions have always been correct and Napom hasn't been correct once. yet :).

[ihavenoclue] 17/4/2019 10:57

Newco, Drilling Company, HBR... All just a smokescreen to keep the deluded talking about something other than how GR has played this.PREM need Circum IPO VERY soon!!!

[valhalla2017] 17/4/2019 09:13

So GR did the raise at 0.09 (all time low at the time) to pay for the DD and the SPA. And now he cancels both deals. HA!

Also, now that the kme deal is off, the bod changes are also off. GR continues as CEO. Wooo!

[the bull] 17/4/2019 07:28

Pulling HBR was needed at this stage but not sure about the other, what a position to be in now, totally in the hands of the zim gov

[the bull] 17/4/2019 00:43

This smilemore character on LSE, does he employ some robot to construct automated positive posts. What a load of garbage

[the bull] 16/4/2019 17:56

This talk about salary paid in shares or some in shares. The point being missed is that the salaries in the first place ar far too high for a loss making company. GR should be on £60K per year, why would he deserve more than this at the moment.