Premier African Minerals Live Discussion

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CEOWrekdOp 24 Apr 2018

Re: For the folk on LSE The things is long long term Prem could be very good. Lets say 5 years plus, but it needs to navigate what is now make or break and it currently heavily weighted towards break. This could be worth 3000% or more than what its currently worth if Prem could just start turning enough profit from RHA to be self sustaining, thus attracting the interest of bigger boys who could help us develop ZULU for a share of the company. But this is now way down the road and no-one but no-one ever invests in AIM for a 10 year plus view. Anyone who says otherwise is deluding themselves. I don't know anyone who invests in an AIM company who doesn't expect to turn a significant profit within 6 to 12 months max. And when they do often ggreed takes over. Buts that's a different story altogether. All the best here. I hope you get significant positive news soon.woodpecker760

One day Roderz 24 Apr 2018

Re: For the folk on LSE Yes the assets are great if you have the funds to develop them.However I have learn't my lesson with PREM.At just over a billion shares in issue I thought 2-3p would be revisited from my stake at 0.5-0.6p. Then over a couple of years GR bumps the share cap up to 7 billion. The high now would hit about 0.3-0.45p. Although Zulu is further proved, but has a long way to go.A free carry could make this rocket, but the risk is to much using previous evidence.OD

CEOWrekdOp 24 Apr 2018

Re: For the folk on LSE ODRThe problem the folk over on LSE for the most part fail to understand is the company is in dire straits even with all the assets they have. There are many who say that Prem has no debts and so they are not in any immediate peril. But it is flawed thinking. Each month there are sizeable costs which need meeting. Without an income stream those costs are effectively debt that needs to be met through borrowing. Yes Prem doesn't go to the bank for the cash, but effectively they come to us, through dilution in order to meet costs. Zulu is potentially a fantastic prospect, but will need funds to prove up before it is worth anything to us more than what we paid. Circum may land but its what, three years imminent. Who knows about that. So we keep diluting and Prem sp keeps falling to pay the bills and it will always be at a discount because the institution which gets the shares sure does not want to stick around. They want their 10%. So this is what I trade in here, because there is no value in being long in a business that is not turning over a penny in income let lone profit. RHA needs to produce with or without the NIEFF agreement of transferral of shares. NIEFF could drag this out for many months and Prem could go bust before that is settled so if there is to be any further dilution in the coming weeks it has to be for the purposes of finally getting RHA to turn a profit. I can't see us in existence in 2019 otherwise. I am very suspicious also that GR will fail to submit his accounts on time also taking us into suspension. Only this time indefinitely. A risky business is Prem right now.How I wish LSE would let me post there so I could warn those that think rationally and not with their hearts.Woodpecker760

CEOWrekdOp 22 Apr 2018

Re: For the folk on LSE Purely from a trading perspective, ie a quick trade. I can see a dip first thing Monday. If you can buy below .155p I myself would take a punt but would sell the moment it rises to .165p. Long term trades I can see nothing but a downward trajectory until at the very least RHA is back in production.Woodpecker760

One day Roderz 19 Apr 2018

Re: For the folk on LSE At what point would you see it as a buy?My thoughts, from previous actions:-Waiting for the AGM resolutions to appear and confirm my suspicions that the share ceiling will be raised to around 10B.Use the increase to raise funds at 0.012/0.14p, GR to buy a stack, then the rocket to 0.3p with news of a JV @ Zulu/RHA. #we retain small stakes with free carry. Mcap £30m!!OD

CEOWrekdOp 18 Apr 2018

For the folk on LSE I did try to warn you it would fall below .16p.Bet you wished you'd listened.Woodpecker: always upfront, always honest and always trying to help out the little guy. Thanks for getting me banned for being good at my job.

CEOWrekdOp 12 Apr 2018

Randomaxe on lse Thats my son's purchase. I am training him. I cover all his commisions and times all purchases by 1000% to give him a sense of the trading game I operate in. If anyone here would be good enough to pass this on to lse I'd be obliged.

CEOWrekdOp 06 Apr 2018

Wow lse admin on overtime tonight Nm

CEOWrekdOp 06 Apr 2018

What equally astonishes me Is that people think that Crazycacti talks rubbish. Most on LSE can't live with his blindingly obvious logic.

CEOWrekdOp 06 Apr 2018

What astonishes me on LSE Is that some folk think that just because NIEFF are required to relinquish their share holding, they would have to do so without any financial compensation. Hilarious!

CEOWrekdOp 06 Apr 2018

What's the betting we go into suspension For failing to submit accounts again on time. #PremShambles

CEOWrekdOp 05 Apr 2018

Microtan I used to feel angry at you for your incessant apologist attitude to George. Now I just feel sorry for you that with advancing age you must be ruing the years you've wasted investing here. Genuinely hope you make something back but I can say with some certainty that it won't be profit.

CEOWrekdOp 04 Apr 2018

multibagger Fuad is the company stooge. The person sent out to fob off investors. Of course he will talk, of course he will be positive. That's his job, it's what he's paid for. Bit like the customer services agent at a complaints department for British Gas. He's not important, but exists to protect those that run the company from taking the flack.

CEOWrekdOp 04 Apr 2018

glosman on LSE The fact we haven't had any hostile bid from other companies is very revealing. That would suggest that even at the current MCAP potentially interested sharks are still dubious as to the value. Very concerning.Admin won't let me post on LSE for reasons best known to them so if anyone from LSE looks in here, feel free to post on LSEWoodpecker

CEOWrekdOp 04 Apr 2018

start by checking Xulu and Strongman NM

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