Premier African Minerals Share Price (PREM)

Snowking,

At no point in the interview did GR say that drilling is more than 50% done so what you've posted below is simply just not true.

The interview shows GR himself doesn't know how much he needs to drill. What is actually happening is he is reducing the amount of drilling because he doesn't have a hope in hell of getting DFS through before mid-late 2023 without focussing on a smaller area. This is disappointing but he wasted 6 months and this is the result.

As for the rest of your post below, it is simply more jam tomorrow with the rose tinted spectacles.

My fingers are crossed the results from the first 5 holes will be very good which should push SP back to 0.25p range. If it was another company the SP would do much more but people know GR and know there will be a placing on the way. For the avoidance of doubt, I welcome a placing as it demonstrates money is being spent and the DFS is progressing. Indeed I am surprised there wasn't a placing in early to mid November.

Bigger issue is the uncertainty around MNH. We need to remember GR used PREM money to pay his buddy's costs at Circum for a few years. And he is doing the same at MNH at the moment. Never mind TCT and the hunting lodge. If PREM was able to get rid of its 19% in MNH in the morning, even at a significant loss, I would support it as it removes the uncertainty. Until we have clarity on MNH the risk of shareholders being shafted one more time remains.

Bickmaster

bickmaster , drilling is over 50% done was told to us in the interview given last week

Prem dont need much more to complete the DFS , guys just waite and see , lots and lots is happening , you dont see it because we cant see what is going on in the back ground . the work to complete a dfs IS massive but it is all happening .

Dont blind yourselfs by past failures. if you do then you wil lfai lto get ten bagger companies , you need to see where this is goign and not think we are not getting there , just because of past failures and because the share price is not going up.

where do you think we will be in a few weeks or months or so with a bigger resource of 40 or 60 mts , JV deal and potential off take deal and cash to do anything. i can tell you we will not be at .1925p .

Snowking,

Every time I read one of your posts it makes me wonder whether you've taken any notice of PREM's numerous failures over the past 6-7 years. You finish your post below with 'now is a walk in the park'. You also say 'forget RHA and MNH they are side shows'. I wish we could forget them but we can't with GR at the helm. MNH and a complex deal with his ole buddies from Uramin, in my mind, is what we will get next. It is exactly what PREM does not need. All focus needs to be on Zulu.

You state below. "8. May hav drilled over 50% of what is needed to complete the DFS". What underpinning do you have for this?

At current SP PREM has the ability to raise approx £6.5 - £7m via placings. Commercially, if there is significant interest from the market, the attractiveness of doing a JV with one of those parties reduces substantially, as the JV company becomes party to information which gives them an advantage over the others. They may also seek some form of exclusivity. The end result of this is it diminishes competition at a later stage when the bigger deal needs to be done.

So I think GR should have a number of placings to get the DFS to a well developed stage.

Bickmaster

Lol… 0.0018p to 0.0022p
back to 0.0019 to 0.0022
back to 0.0019p and so on
So it’s going nowhere that’s where is going

Wolf,

On the Covid side it’s good to see governments acting swiftly. It’s too early to say if this variant will be very bad. Let’s hope it isn’t.

China’s looking like they are coming to look after the poorer counties with another 1 billion vaccines, it will also build 10 health projects in Africa and send 1,500 health experts. In addition is looking to provide credit moving forward.

https://www.france24.com/en/asia-pacific/20211129-china-to-provide-1-billion-covid-vaccine-doses-to-africa-president-xi-says