Member Info for Charlie1984

Should get you 1p soon and more if you want it IMO

The talk is of RHA sign off, followed by JV followed by production, GR has diluted to buy more Circum in the past when we where fully funded but that isn’t the case this time is it? (No more Circum to buy)
He seen an opertunity and had it, rightly or wrongly on a couple of occasions.
Dilution to buy something at these levels would be stupid, as mentioned he is also diluting his self to death as well.
You are right what you say though (I will not argue, because your correct) GR has raised/diluted on spikes/rises.
Difference is no more Circum available and he needs to turn a profit from the investments he has, i really think it will be different this time this is my opinion, your clearly once bitten twice shy which is fair enough!

That said the previous JV amount agreed was for £5.1m the cost of DFS of Zulu is something like £3.1 million, funny how that leaves the £2m quoted RHA supposedly requires.
A double JV if this was the case would see RHA covered but would it be for less than 30% of Zulu as we are offering up some of RHA? Answer I dont know

Correct Ledsparky, it is virtually impossible to remove him from his position, the only positives I can see to GR staying is like you say he is a majority shareholder and has a lot of money invested in to PREM and is sat on considerable losses like the rest of us. Why we have seen dilution so has he, I noted the other day his holding was something like 34% that holding is now 7%, even conversion of his loan cant take place as we are in a closed period, my feeling he will extend then convert when in a open period. (At a much higher SP than today)
Second positive is that he has brought in Michael Forester and GR has taken more of a back seat role. I think the next few weeks, remainder of 2018 will be clinical and hopefully pivotal turning point this company has been waiting for - GLA

Out in force this weekend ................... squeaky bum time for them when that RNS drops, looks like they are all trying to plan the seed of doubt

"GR even said money will be needed soon. I’m making people aware so they can bank some profit on the next rise"

Strange because the GR I listened to said we were funded through till Q1, the only additional fund that we would require is the $330k loan repayment, GR said he hasn't even thought about it, infact it hadn't even crossed his mind, he then goes on to say he would either extend the loan or convert the loan.

You speak about PIs banking a profit on the next rise as rise will see further dilution, this is in your opinion and based on nothing more.
I tell you what the comment sounds like a excellent traders dream you sell on the rise bank a profit, SP retraces when those PIs taking your advice sell because no doubt after you sell you will plant the seed of doubt again, then you will buy on the drop and profit from other PIs miss fortunes orchestrated by your opinion - of course this is just IMO and im sure PIs on here are old enough to make their own minds up.

Would have personally thought that ownership sign off would then be followed very quickly by JV which will do away with the requirement of funds, sure we will be informed of what going on in the much anticipated RNS

Read my previous posts, not spelling it out for you again, if your investing in stocks I would have thought you would know what a NOBO is? Seems there is only one little boy here go and learn how to read and then learn what a NOBO is, run along will you!

Wonder what the rag will read when the fireworks go off after the hammering they give us last time I want a two page spread to make up for it GLA

Sticking with the miners, Premier African Minerals enjoyed a decent week with the shares vaulting up 29 per cent.

One suspects some sort of overhang had been flushed through as there was no real news of note to titillate the market makers.

Either that, or behind the scenes wrangling over the ownership of the RHA tungsten asset in Zimbabwe is close to a fruitful conclusion.

Long-suffering investors will be hoping that a resolution is in the offing.

Are you still holding here matey - haven’t seen a post from you in a while no you and your family where heavily invested here

Afternoon to flush a few sellers out dont want them slowing the party down when news lands, looking good and getting primed to tick up nicely - GLA

The party is getting started before the big announcement next week. Dont want to say much as certain PIs will call it ramping but seen it with my own eyes! GLA

out in force today folks, can only mean one thing positive news flow is close ........................

Hopefully Strongman seeing a large buy order getting filled would surely cement the theory of a Monday RNS

It was all lies was it................. what part?

Did MOM not visit RHA yesterday?
Now why would they do that ? Sign off
Sign off is what we need before the JV can go a head

Im sure my last post was talking about options and possibilities to do with our Circum holding then said in regards to Circum it was all guess work until the red flashing dot was seen and we knew then from the RNS what path we where taking, you fool give your head a shake.

Charlie said this, charlie said that and it hasnt happened over night call the ramp police, get a grip. Any newbies should be doing their own research and not taking information from a BB as FACT.

Go sit back in the corner and talk to yourself, theres a good boy!

The questing needs to be what do we need the cash for is we have a JV for RHA and Zulu

If there is no requirement to fund anything and we have a cash income from RHA surely this could be away of getting an offer / valuation on our stake.

That a side if we dont need cash but GR want cash in the bank as security he may well only sell part of out 5m share holding.

As you say it would make sense if we need cash to sell now, however if its going to be listed as early as January why not hold out for bigger gains.

Three options IMO

Hold onto Circum shares
Sell all Circum shares
Sell part of our holding in Circum and retain some for the long game

Unless The cash is to fund RHA and Zulu and go it alone you never know in AIM whats happening from one day to the next, we could well have a JV deal in place but financially a windfall from Circum to fund Zulu to DFS then look at a JV partner for Production would make more sense.

All just a guessing game till that dot flashes and tells us what path we are away to take .......................... GLA

I think thats all anyone wants to get out without a loss and make a profit if possible.

Heres to everyone breaking even

Approx 65% of our MC minimum

Dont quote me on this but a am sure when we sold circum we retained just over 2m shares. further shares have then been bought at a discount price of $1.5 per share so approx $4.5m for the additional 3m shares.
The minimum value on these shares is $10.2m as per prems website.
However it was quoted by some as being worth a minimum of $30m as Circum is close to listing this could and I say "could" with inverted comers be much much higher in value. The difference selling before listing or after listing could be massive in value.

In my my post did quote wages being at $250k this was due to knowing there was an increase on the previous year but yearly accounts weren't published till July , since the accounts have been published I have quoted $300k several times and in a number of posts noted that they are (GR and MF) taking $150k per year but neither have drawn the correct monthly amount every director has drawn less.
So talk about taking things out of context you managed to find a random figure quoted prior to accounts after reviewing 158 of my previous posts.

I have been vocal about GR and you know what where has it got me? No where and where will it get you, correct no where.
Things seem to be changing for the good and sentiment is starting to return, if you are holding why would you constantly bash you holding better to say nothing I would have said.
Since my slagging of GR i actually think he has turned a corner and we will see some value hence why I have averaged down further.
So GR give PREM a loan for the same price as his wages! and, so we have coincidence or are you p!553d he charge $30k to loan the money. I dont know what you beef is but what bank could we have went to and got $300k loan, no production, no income.
I dont know how long you have been here but this isnt the only loan GR has loaned prem he has loaned money to prem several times and more times than not he has converted to shares.
At one point he held 34% now he holds 7% he is diluting his self as well, do you actually think if he thought he could have done things differently he wouldn't.
His end game and aim is the same as everyone here and he also has more to lose than the majority combined.

Maybe if everyone stopped blowing of steam they would see this and the BB would be a much better positive place to visit on a daily basis rather than being like a school playground.