Premier African Minerals Share Price (PREM)

I've no doubt Snowking will be back shortly with another vague statement that purports to be knowledge in his vain attempts to get the price up so he can profit from the mug punters. Its unlikely this will see 0.4 any time soon, if ever again. There's shares to be issued for debts and legal payments, cash in hand won't last much longer so there'll be yet another raise which will see the headroom gone and provide enough working capital to last until the end of June. Silence is never a good thing from PREM. The pipe upgrades have clearly not rectified the issues to a satisfactory level or have revealed additional problems, the sorters still need to be sorted, the control systems issues haven't been confirmed as resolved, nor have the sensor issues. There's probably more wrong with the plant than there is right, even now some years into the process. Still no news on the export licence they dont have for product they expected to ship over a year ago. Something doesnt quite sit right with me on this part, all those times GR told shareholders he "expected" had "no reason" etc that yhe plant would produce, yet had no export licence in place, a simple and basic requirement anyone with any sense would ensure they had. Did he know all the time they wouldnt be producing and lied to shareholders? Or is he just incompetent? PREM cannot and will not survive beyond H1 if these issues cannot be resolved by the end of next week

Still waiting for the next pump to get out of this.

Part of me wants to just sell up now (for a loss) but I just know as soon as I do a random pump to 0.3-0. 4 will happen.

I'll certainly be jumping out at anything close to 0.4.

George and family will always be wealthy. Read SK predictions in recent days ( don’t miss out at these prices) … if it is successful then x3 or x4 x 5 or the moon is a win and it’s been there and will easily return. It won’t go to .7 overnight on the bext news, so you can win. Acker is a believer and is a positive realist, beyond that, don’t be greedy, reckless or stupid. And good luck all LTH, I understand your journey…

It is funny that a bloke with a donkey and a pick axe can get better grades then GR seventy million dollar plant can do

The fact that we are paying artisan miners to hand sort and bag up ore for our plant rather than using our own material! Then George reports it as an uplift in percentages going through until he is asked directly and has to come clean. It would really be quite funny it I - and others - were not invested.