Premier African Minerals Share Discussion Threads

[leewink1] 10/2/2020 16:32

Yea a raise ...

[7rademark] 10/2/2020 16:25

Not every rise on aim is a pnd, obviously something going on here.

[leewink1] 10/2/2020 16:21

Here comes the dump ...

[frost1] 10/2/2020 15:20

If this continues to go up val will disappear. He definitely has psychological problems ranting morning noon and night about one small aim company. He is one sad individual.

[valhalla2017] 10/2/2020 14:44

double boom! the ramping is getting serious. hopefully we see 3-4p by week's end. I think that's a more accurate valuation for a company that is JV'ing with Rio. I heard Rio will provide 2 trucks for RHA. by next week, GR won't even remember who MNH are. It will be Rio this, Rio that.

[valhalla2017] 10/2/2020 08:23

Boom! Anyone else see that 86 quid buy on the bell. Sets us up really well for the rest of the week.

[valhalla2017] 09/2/2020 23:32

So now we have prem tweeting pictures and blogs being started. I wonder what the placing price is? Also the blog reminds me of a certain poster...hmmm. Anyway, that same analysis has been posted for years and what has happened in all those years. Oh yes. Nothing. Bring on Friday and that billion dollar zulu valuation. ;)

[valhalla2017] 09/2/2020 20:52

The Sunday ramp is back! So Friday it is then.

[oilisgold] 09/2/2020 19:20

Buckle up and strap on. I CAN ASSURE YOU ALL THIS WEEK MANY WILL BE POUNDED PANYS DOWN

[oilisgold] 09/2/2020 19:18

The faster all share holders join together to oust GR, the better it will be. He cant be trusted and every time he says something, he means something else. I guess everyone here knows , we will be running out of money very soon, so funds are required ASAP.

[oilisgold] 09/2/2020 19:16

We all knew GR was going to increase the stake there. The question now is how much money is to be raised. I been not posting here , since i know what is coming. Will it be EPO or a placing.

[valhalla2017] 09/2/2020 15:09

Boom! Prem posting pictures. Everyone knows what that means ;). Hopefully it’s only 5 billion shares. But with GR might be 8 billion just to make it a cool 20.

[moljen] 09/2/2020 11:51

Yes - wonder where the pics were of the $1M of plant arrival and being put to work?

[bobbin1964] 09/2/2020 11:38

Is the tweet from prem today just backing up the same information that was in a recent rns regarding electricity

[valhalla2017] 07/2/2020 17:21

Boom! And after all ramping this week all we get is GR giving MNH gas money that will run out in a week or two.

[valhalla2017] 07/2/2020 13:03

if you think this Indaba spike is nice, just wait until the PDAC spike. might hit mid 0.09s!

[valhalla2017] 07/2/2020 11:48

today's volume must be all the shorts buying back! I think I saw a couple 300 quid buys this morning. serious stuff.

[valhalla2017] 07/2/2020 08:06

No Friday ramp?! And on lse they were predicting two rns’s. So we’ve already had one. With the egm announcement that should be two. Boom!

And I’m sure GR is reading his emails being like ‘I told them they shouldn’t call it nera, MNHH would have raised a lot less eyebrows...’

[valhalla2017] 06/2/2020 15:54

melpan - the thing is that the initial agreement with MNH was a 1 mil loan which they were supposed to start paying back with interest in January of this year. Then in December, GR without shareholder approval, amended the terms of the loan and converted it into a 10% holding in MNH valuing the company at 10 mil. A company that we didn't do any independent verification on and paid way above asking price for used equipment just sitting there gathering rust. And even better, when GR first did the loan to MNH we didn't have enough headroom so the sharecap had to be increased at the AGM and GR said, 'don't worry, this increase is for the loan which is going to be paid back' and then boom! no more paying back in USD, but we do get pretty worthless paper and access to used equipment.
In GR's ideal world, he will raise the sharecap enough to merge with MNH (buy another 38%) and then the new prem/MNH newco can start raising more money to fund all their amazing non profit generating assets and GR's salary of course.

[melpan] 06/2/2020 14:54

Valhalla - I totally agree. Whatever the ownership structure and any internal agreements that have gone on between the company and MNH, it does not seem to be above board from the outside and as shareholders there should be full disclosure and transparency (within confdentiality boundaries) but it seems like anything but.

It reminds me - for those of you who may follow other stocks - there are periodic reports from short seller firms (eg Gotham Partners, Citron research etc) that target supposed mismanagement and fraudulent reporting in larger cap firms and those generally (but not always) have large elements of truth in them. If PREM was being analysed by them, I don't think it would take them long to find major discrepancies and publish similar reports. In any case they wouldn't need the help of these reports to profit from the short side as GR and his consistently unfathomable placing deals (the structure and timing, not the need) with the brokers who forward sell the shares have already done the job!

[valhalla2017] 06/2/2020 12:51

after today's posts there is no way that napom does not work for prem in some way. his argument about mnh being a contractor is the same one GR always makes. hiring contractors and equipment is dirt cheap now, you don't need to buy equity in them. especially if you don't have any revenue. is napom seriously saying that MNH who are broke would not hire out their equipment that is sitting there doing nothing. that they only agreed to work on rha if GR gave them 1.2 mil. and on top of the equity, prem still has to pay mnh for the rental. it's insane.

[valhalla2017] 06/2/2020 12:37

also, I would love to see the ownership structure of Nera Consulting Limited. what are the chances that there are some silent partners. wink wink. :)