Member Info for chaotic_calmness

High probability for a dividend paying sustainable company to become investment candidate for many green/ethical focused investment funds....(that is if they can deliver their promise of dividend next year) These AIM companies over promise, and underdeliver......lets see..

the tide would turn here probably starting from mid 19 or early 20....market cap sitting of £1M is the same that was five years ago when the revenue was £0.00.

Currently annual revenue projection of £1.5M+ based on 200,000 tonnes guidance is 1.5 times of current market cap - that is even before reaching the lower levels of KV1 & KV2 pipes where the revenue can get additional 50% to 100% boost (inferred grade of 4.5 cpht in KV2 and 6.3 cpht in KV1)

Time and patience needed here as high probability of reaching profitability in next 12/18 months.....

Not many junior miners in AIM with gold as well copper +cobalt plays with annual revenue potential of $1 billion+.

Keep calm, surf chaos.....
Chaotic_Calmness

Was too early at 2.30s....but seems a good entry now to top-up. Revenue from carbon credits could turn up to be the booster for post consolidation EPS growth.

it is the investments which holds the real value here, everything else is noise.....

Sam, I agree. I did found it intriguing at the time as to how IBS was worth £10m when they didn't even had a MVP or a website. Anyone can easily a form a building society in New Zealand and mention that so and so company has invested at this and this valuation. But the question is what the criteria was for valuation......

Anyway I am here more for the VS stake then IBS and other bullshits in 8PG's portfolio.... Let's see....

The value is in VS stake, everything else is a bonus or noise.

The key is to mine at scale/wider area using the same cost base but better tools and efficient mine development plan.

That's just how AIM works most of the time... The changes in the ground would take time to reflect on the share price.. Why I conclude is that they are trying to mine more and mine more efficiently using the same cost base but better tools and mine development plan which will eventually lead it to be a profitable operations. And yes they need funding so the MMs can sell BRD shares fully knowing that they can cover the sold shares with the placements shares. Operationally BRD is growing strongly as evidenced through their production and revenue growth.

Mining veteran, and digging deeper seems the key now to further unlock the value...Keep up the good work, just don't dilute the positions of the existing shareholders massively....

"The Company is developing its plans with the assistance of Michael Houston, a mining veteran with over 30 years' experience in Africa having worked with companies including Anglo American (Executive roles), Shanta Gold (CEO), Zimplats Holdings (CEO/COO), Erin Resources (MD), Hana Mining (Non-Executive director). He has also worked on a consultancy basis supporting a number of companies with various project reviews and due diligence. Michael is currently advising the Board on its strategy with the expectation that he will join the Board once the Company's development plans have been finalised and financed. The Board is delighted that Michael Houston has agreed to join the Company in this capacity and his significant experience will assist the Company through its next stage of growth."

Mining progress

The Company has only mined 380,000 tonnes of ore from the Kareevlei pipes out of an inferred resource of 7,984,000 tonnes (4.7%) attributed to KV1, KV2 and KV3 (three out of the five known kimberlite pipes). This mining has been almost entirely in the lower grade near surface material and it has been a learning process in terms of forecasting what grade would be achieved. The Board has been encouraged by the early mining from KV1 with only 20,000 tonnes processed to date but having recovered the second largest diamond ever from the Kareevlei operation at 10.58 carats, which will be sold at tender in October and is expected to sell for in excess of US$50,000. The pushback on KV2 is progressing in line with budget."

The question is how much do they need for upgrading all the tools + the required personnel to run the operations profitably.

This would rise in mid to long term, my only concern is how much our existing position would be diluted..... For every £1 million raise, it's a further dilution of 100m shares at 1p as minimum or 150m shares is raised on 0.75p....

Just Circum stake is worth 2x-5x of the current market cap....

Just hope that placement is offered to existing shareholders as well....Current price is 98% value destruction since 2015, but since then there has been a massive shift in ground operations which will take its time to reflect on the share price. I just hope that the money is raised on premium rather than discount basis.

As reported on 17 September 2018 following the Period end, the Company was unable to reach final terms with Cadence Minerals plc to fully fund the Definitive Feasibility Study for Zulu Lithium Project. Other interested parties have engaged with Premier and indications are that the prospects of concluding a new joint venture agreement to progress Zulu Lithium Project and RHA Tungsten Mine in one agreement are good. It is a time of intense negotiation and further updates will be provided. (Taken from the company report.)

Amidst gloom and doom here, all it takes here is one potential joint venture news to reset the sentiment here, add in Circum ipo news and ARCM share price rise....Hard to see why this cannot reach half a penny in near term....seen many junior miners with 25% of the mining assets that PREM has, rising more than 50%-100% on JV/Assay result/Financing news.....

Keep Calm, Surf Chaos....

Michael Foster said: "I am delighted to have been appointed as Chairman of Premier. My focus will be on strategic governance, improving all aspects of board oversight and assisting management meet targets and advance the Zulu Lithium Project as well the RHA tungsten mine in Zimbabwe.

George Roach has assembled an excellent portfolio of assets over the years and I believe that with the right approach and partners significant value can be unlocked in the immediate future."

Amidst the sea of negativity here today, just want to share the chairman's comment. And this Chairman is someone who has previously flipped African junior mining projects successfully.... Things never go as planned, I am going to bet on the jockey(chairman) here than the horse (Prem)....Lets see how events unfold here....

Macro situation has changed significantly since this year for Circum IPO to progress The substantial Circum stake that Prem owns is not priced in... Circum’s Danakil Project NPV is $2.1 billion, and aiming to be one of the most capital efficient potash projects in the world.

Circum in particular has the potential to change the valuation equation here...... Is someone missing the forest for the tree...

The real value for PREM is in Circum and ARCM, just the potential of those two stake is worth at least half the penny.... The value is hidden outside the core holdings of RHA and Zulu....

"With our crushing circuit now processing at or around the target production levels of 80 t/h, the outlook for the remainder of 2018 is looking positive. I look forward to providing a further update in our [third-quarter] production report due in early October 2018,” - CEO Adam Waugh

Third quarter report most probably would be RNSed this or the next week......would be interesting to see the numbers.