Member Info for Bluebelly

idg69.
All the best, whatever you decide. I noticed you have sold out of SXX as well. I hope you weren't disheartened with JLP because of the SXX scenario. They are different beasts. SXX could come back from the brink and multi bag , but it's high risk. JLP appear to be on a shallow uptrend and may double, even tripple. I wouldn't use miltibag, as it would happen over a longer time scale. IMHO. Good luck whatever you decide.
I freed up £9.5k due to 3p being on offer. Money available tomorrow, may still buy, but 10% higher now???

BB

2006 onwards - Directors were buying at 60p levels. Mind you CB sold 3m @ £1.11, then down she went to 1p.
Arry. Do you mean the share issue price average is 7p.

BB

1. LC is a positive
2. No comment
3. Agree, but the latest dilutions have been to improve the projects as opposed to working capital for salaries.
4. Prior to the Waste to metals phase - but you're not wrong
5. Agree - offload Tjate at some point
6. For an avarage SP of 7p, you must have bought in before 2013, LLTH
7. I didn't think there were lots of warrants and not at low prices. It's cash in the bank
8. This was building a new business model, waste to metals, it's starting to become recognised as are JLP as a lead in this process.
9. Swings & Roundabouts.

BB

0.02p, I think you mean.

BB

Purchase Holding
29-May-19 Placing Godfrey Tsikayi Manhambara 0.09 GBX 4,166,667 4,166,667
29-May-19 Placing Michael Foster 0.09 GBX 7,888,889 16,343,434
29-May-19 Placing George Greville Roach 0.09 GBX 24,688,014 643,484,623
29-May-19 Placing Wolfgang Hampel 0.09 GBX 17,497,812 17,636,667
09-Nov-18 Placing George Greville Roach 0.16 GBX 142,045,456 603,832,589

Q & I
You're valuing Prem slightly higher than SXX.

BB

Due to past experiences, with Premier African Minerals and George Roach.
Since then I'm down 10% here at JLP and missed out on a 200% rise in Prem, would only have been a small punt, (100k of jlp shares) Too late now??
JLP never ceases to amaze!

BB

& eating humble pie. in excess of a 200% rise! I got it wrong and watched it rise from the side lines.
2nd apology in 5 trading days.

BB

Buyer will probably haggle down the free carry, which may require Premier to pay RKH a cash sum instead.

BB

Around 100% increase in SP.
Oct 18 - 0.11 to 0.24/25p
Feb 19 - 0.08 to 0.16p
Apr/May 19 - 0.07 to 0.13p
Sep/oct 19 - 0.02 to 0.05p - 150% profit for the placing participants.
GLA
A binary bet now on Good or Bad (ie:- not so Good) RNS.

BB

Neiltom88, do you buy from the sell side (DMA), that's a low buy price for so many shares.

BB

The placement share buyers will be nicely out at 60-100% profit.
Prem got its working capital for a few more months.

BB

Placing Sep 19
Premier has today issued by way of a placing ("Placing"), conditional on admission, 1,250,000,000 new ordinary shares of nil par value ("Placing Share") at a Placing price of 0.02 pence per Placing Share. £250k

Loan / share option June 19
Regent at its sole discretion may convert any percentage of a repayment within applicable share authorities into new Premier shares at a conversion price equal to 90 per cent. £350k

May 19 Shares issued for unpaid salaries
he Company announces that the Board on 28 May 2019 issued new ordinary shares to Directors and employees and to certain third parties in settlement of accrued but unpaid amounts due, amounting in aggregate to £145,787 ("Settlement Shares"). the Company's issued share capital consists of 7,990,110,150 Ordinary Shares

Placing Feb 19
Premier has today issued by way of a placing ("Placing"), conditional on admission, 444,444,444 new ordinary shares of nil par value ("Placing Shares") at a Placing price of 0.09 pence per Placing Share. £400k

He now has less than 500m shares left to issue. Something has to give or the Circum miracle occurs

BB

Coffeecups.
How certain is it that the Circum money will come in to save Prem?

BB

WhaGwaan.
Make that 11 billion shares today.
From the RNS:
Total Voting Rights

Following the issue of the Placing Shares, the Company's issued share capital will consist of 11,003,778,500 Ordinary Shares.
Placing Shares to be admitted to trading on AIM and admission is expected to take place on or around 3 September 2019.
The next RNS updated the date to 3rd of Oct 19

BB

Without Circum & RHA producing profitably, Prem will run out of money by Jan 20. Investment is too risky!
EGM required to Consolidate and raise new share ceiling.
Then it's worth a punt.

BB

GR needs an EGM to consolidate at 10:1 and raise the share ceiling to 2 billion.Prem have the loan repayments due in a few months, with no money & no lee way to raise cash. Circum and RHA are not guaranteed. Don't give the MM's a chance to walk it back down on fear. As this will become a spike with many impaled.

GL to all those who profit from this last movement.
I don't hold, just watch.

BB

Why did he use the last few shares available (Bar 500m) to raise £250k and not wait for this news. He could have had £550k in the bank. Or was someone from the Zim Mining team in on the 0.02p issue.

From AGM:
2. To amend regulation 6.1 of the Memorandum of Association of the Company by increasing the number of nopar value ordinary shares of a single class that the Company is authorised to issue from 9 billion
(9,000,000,000) to eleven billion, five hundred million (11,500,000,000).

Apologies to Silverlight, I was wrong. Almost bagged from low.

BB

Indeed Sumo, but it would be nice to see some production figure, especially from the new projects.

BB

Silverlight, possibly not rubbish!
Seen it with Prem many times, I now just watch.

BB