Premier African Minerals Share Discussion Threads

[edjge2] 21/10/2019 11:10

Looks interesting Ekuuleus, a disposable ally battery;just need the liquid to fill the can. May change direction of metals.

[valhalla2017] 21/10/2019 09:57

No news!? ;). At least we know that if we don’t hear anything today we can rest easy for the rest of the week since the pres is out of the country. And then next week and boom rainy season and GR is done for the year.

[block4gooner] 21/10/2019 07:26

Holding my breath....Not!

[johncasey] 21/10/2019 01:47

looks like Ironveld is the share to be in today...could all kick off at 8am if they release takeover rns

[doctor 69] 20/10/2019 23:16

Prem is climbing a wall of fear and is building. A head of steam . From what I know there are no more hurdles to go over for epo. So should rocket this week .Cabinet meeting tomorrow

[gerrym two] 20/10/2019 22:50

A lot of us have the scars of the past and lot of shareholders will be a little guarded until EPO signed ..... one thing that is certain is that Prem now has had a considerable retake and it looks like it has the chance to deliver this time. I have been here since 3.5p and now for the first time of the confidence to hold until I get a decent return...... 1p territory!! GLA

[oilisgold] 20/10/2019 20:51

Too many times GR has dissapointed its long suffering shareholders. He says something but does something different.

[oilisgold] 20/10/2019 20:48

Doctor, i remember discussing the same last year on LSE. Yes, the Assets PREM has are fantastic but we always thought GR WASNT the right person to take it forward. Took too much on board and got stuck. Just hope finally true value will show. 0.15p would be a bargain but GR is like Brexit. The uncertainity has alwTs depressed the share price

[valhalla2017] 20/10/2019 20:46

I know doc, but after all these years mostly I just expect the worst. Everyone has their own ‘why I don’t trust GR’ moment but mine is from a few years ago when he said rha was profitable when it wasn’t. With every week of no epo it’s starting to feel like the kdnc delays. But maybe finally GR does bring something across the line. Call it very guarded hope ;)

[doctor 69] 20/10/2019 19:47

valhal

i think it is because the EPO is a gateway to open up lots for PREM , so will be quickly followed with a JV for Zulu . so the prospects of lots happening is giving it a re rating

[valhalla2017] 20/10/2019 19:22

To be honest I’m pretty surprised the share price is holding up with no news. Especially in light of GRs tendency to disappoint.

[doctor 69] 20/10/2019 18:49

val you are correct , so can not be certain

[valhalla2017] 20/10/2019 18:42

So doc I’m figuring you expect news this week then. Any comment on the possible update that the president is out of country for most of the week?

[doctor 69] 20/10/2019 17:59

What is good here is no placing is comming , shares up on friday and with so much newsfow comming , PREM is not a one trick pony.

Very relaxed and expect 20% on monday and 100% this week

[oilisgold] 20/10/2019 12:51

EPO....haha. i think GR thinks prem shareholders have Rose Tinted specs on. He needs to attract new holders that will become Long term holders. Not complaining at all, just need more rumours . Mind you this chap that is building up his holding slowly is no Mug Punter. Did some digging into him and he surely knows his stocks.

[jungmana] 20/10/2019 11:06

Personally I will only believe the EPO has been granted to prem when I see the rns. My view is why would the Zimbabwean government grant an EPO for such a huge land area to a company that is broke and cannot even manage to continue exploring the original 4sqkm Zulu area?Since January GR has been claiming that EPO will be granted soon and still nothing. But for now the hype has created a great trading opportunity as others said.

[cpap man] 20/10/2019 10:57

KAV

By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!

[valhalla2017] 20/10/2019 10:57

If this spikes to .5 I would guess it’s a bit more than that for most lths.

[oilisgold] 20/10/2019 10:51

Well Zimbabwe is a difficult country to get things signed on time. All the hype and excitment is good for PREM. PREM always has been a traders share, volume and rises can be life changing for many here. I dont trust GR at all but hey its easy money here. 10k to 20k or even 30k is possible at the moment.

[valhalla2017] 20/10/2019 10:46

It was last week until it wasn’t. Maybe it’s this week!

[andrewsr] 20/10/2019 09:15

I'm not sure about the economics of the carbonate option, but it's likely to have suffered from similar price reductions for the end product. It would be interesting to see an up-dated summary of the scoping study.
I think it's possible OM or their parent company may back into Premier just for their plc status, board links and other projects, but not necessarily related to the EPO.
IMHO the share price may get a boost from confirmation of the EPO, but I can't see a major getting involved at this stage. It's maybe something to keep ticking over in the hope that spodumene/carbonate prices improve.
Still, Circum is due and RHA is looking promising. So maybe it will all come good in November/December for all 3 projects.

[doctor 69] 20/10/2019 08:38

Andrews I am not an expert but the carbonate route with an enlarged area with epo will make this very profitable .My understanding is a Zulu deal is coming

[andrewsr] 19/10/2019 18:28

It's nearly 2 years since Premier did their scoping study for Zulu and have only had the failed interest from Cadence.
In 2017 for one option, they used a spodumene concentrate price of $800/t, it's now about $550-620/t. They quoted total operating costs of $773m and revenues of $1095m. So it's not currently viable.
There may be a confirmed EPO next week, but who in their right mind would put millions into a dodgy spodumene project at the current spodumene price, even if it was the biggest in the world?

[cpap man] 19/10/2019 09:41

KAV

By all accounts Mikes Moles is now at the drill site on the northern part of the KSZ with Hillary Gumbo and the whole local KAV team. A live from drill site interview with Mike Moles is planned for early next week. Very exciting times!