Premier African Minerals Share Discussion Threads

[valhalla2017] 16/4/2021 10:42

if the drilling is to start in May, george has a couple weeks to get the placing off.

[bluemango] 16/4/2021 10:25

Of course George is going to be either evasive or bullish in any private conversations in the lead up to any Placing. To be fair, you'd expect nothing else from a CEO who will see it in his and the Company's best interests to talk up the prospects and keep the price as bouyant as possible in an effort to minimise the discount and dilution. People will hear what they want to hear and filter out the rest.

[valhalla2017] 16/4/2021 10:19

doc - I'm sure those calls with George are great fun.

[bluemango] 16/4/2021 08:59

Look, once the Placing's done, there might be a reasonable entry point for investors then, if they assume unlike all the previous attempts this time George might deliver. It's what happens before then that concerns me, it's sad to see the inexperienced sucked in at these levels when a Placing and dilution could see a short term plunge to meet the Placing price at 0.18, 0.15, who knows. Surely better to wait!

At 0.15, that means an immediate 31% loss for anyone buying now. Just crazy, for the sake of waiting a week or two more.

Edit: for when this post can be looked back on in days to come, current quoted offer price was 0.22p at time of writing, with nearly 18 billion shares in issue.

[bluemango] 16/4/2021 08:46

So, presumably you're claiming to have inside information that flies in the face of all precedent here, or common sense.

All Valhalla is doing (sometimes a bit tongue in cheek, but it's more entertaining that way) is simply pointing out the obvious, most probable route to funding in the short term. Which is still a heavily discounted Placing.

[doctor 69] 16/4/2021 08:42

Blue , valhal is fabricating the truth , he knows it , that is appalling of him .

[bluemango] 15/4/2021 16:22

Such irony; a person accusing others of 'delusion' and 'misleading others' whilst insisting a discounted Placing is not on the cards.

We'll see.

[valhalla2017] 15/4/2021 13:56

doc - ask george how much mnh is producing currently? that will tell you everything you need to know about george's production targets. and he is talking about Volkswagen so not sure where you are getting your info from. 6% at .50. I'll let you calculate how much that is at .14

[doctor 69] 15/4/2021 12:40

Valhal , George is not talking about Volkswagen . So if your info was correct t you would know that .Lots going on , there will be minimum dilution in my opinion , may be 6% and we will get drilling started in May , with deals later to complete the drilling and then focus on building the mine . Then count down to a $ billion dollar valuation , based on producing spodumene 300,000 tonnes a year at around $1500 / tonne spodumene . This share has a lot to go up in coming months as dfs gets going

[valhalla2017] 15/4/2021 10:42

doc - the only reason George is talking about Volkswagen is that he wants shareholders to approve the sharecap increase. after the vote, there will be no more mention of Volkswagen by george.

[doctor 69] 15/4/2021 10:31

There are many here who are deluded , valhal , you are misleading people saying a heavy discount placing is coming . That is highly unlikely to occur, there is too much interest for George-to take such a deal . I suppose valhal you think the other potential deals are off the table . You are guessing and you are wrong

[valhalla2017] 15/4/2021 10:05

With the selling George will be lucky to get the placing off at .10.

[bahamarama] 14/4/2021 23:52

Not buying an inch over .12 myself.If it gets close, I'll probably wait until .080.05 was the flat value here.Traders unicorn..!Wish I was one..!!

[plasybryn] 14/4/2021 23:04

Post from LSE:Funny Video,Today 13:57Somebody posted this on Telegramhttps://www.youtube.com/watch?v=Yx8roj7R01E

[bluemango] 14/4/2021 18:38

#20456 may be written in jest, but the second sentence could well be true.

'George wanted the placing at .18 but with recent weakness, investors are asking .14'

[valhalla2017] 14/4/2021 14:49

Doc - yeah there is. George had to reach out in advance.

[bluemango] 14/4/2021 14:27

No, you want to BELIEVE there's no discounted Placing.

Despite whatever common sense would suggest.

[doctor 69] 14/4/2021 13:35

Valhal , wrong , there is no discount placing .

[elderrarebit] 14/4/2021 11:28

What shareholder group?

[valhalla2017] 14/4/2021 10:28

I heard that George is calling TM Lewin twice a day now asking for them to return to discussions. George wanted the placing at .18 but with recent weakness, investors are asking .14.

[valhalla2017] 13/4/2021 16:49

You know you’re negotiating from a position of strength when your official Twitter feed is mainly general articles about lithium demand.

[smcl] 12/4/2021 19:01

Maybe - but all opinions. Personally - we're in a better position that 3/6 months ago.

I'm in nd staying in at 12m even though I could have taken a reasonable profit some time back.

[valhalla2017] 12/4/2021 17:01

The fact that the lse board is already talking about George increasing the headroom tells you everything you need to know.

[bluemango] 12/4/2021 14:47

To be fair, once the funding's out of the way, plus any share consolidation, from that moment onwards this might, just might, start to become interesting. My point is that this will be from a lower base than now - possibly quite a few percent lower.

Delayed 18.3m sale just reported. 37 grand.