Member Info for lloydyboy

What component hasn’t left the factory?

These ones from 11 December:

The Board of Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce a subscription today to raise £2.4 million before expenses at an issue price of 0.23 pence per new ordinary share for the Zulu Lithium and Tantalum Project ("Zulu").

The Company is on track to target revenue generating production by February 2024 following the installation of the 55 tons per hour ball mill and other associated structures which is expected to be completed by late January/early February 2024.

In addition, the Company has today conditionally settled payment of US$2.5 million (equivalent to £2 million) in invoices through the issue of 769,230,769 new ordinary shares of the Company to Zulu open pit mining contractor, JR Goddard Contracting (Pvt) Ltd, issued at a price of 0.26 pence per new ordinary share.

They were subject to a 20 day lock in which I would’ve imagined ended last week.

Locked in period ended last week. Should start to see a rise now from here.

If they were interested in that they would have and will be pushing for payment. Maybe they believe in the asset and the mine.

But the argument from sun .2p is considerably better.

Very very good

What the hell are you idiots talking about? Capitulation? Sold all my holdings at a 52 week low. Utter rubbish

Do you honestly expect firms paid in shares not to sell? Of course they are going to as they need cash flow to operate. Trying to spin that as lack of faith is a poor arguement really .

Pretty much. I would like to be on healthy free carry at 0.5 but it doesn’t look like Orem has any appetite from

Buyers currently

I have dabbled with GR over 5 years, no such thing.

The point I am making is that does not to be now. It could be when we are producing and if we produce, I would like to think the SP would be higher so less impact from a placing than at this current SP.

I may well be wrong but I cannot see why GR would do a placing now when one was done in late December. He would have been better off doing it back then.

The word in the placing rns “should” “this round of funding should see us through to production” so if by mid feb we aren’t up and running, that would be the time I would imagine, not now.

Worth posting then. Simple matter is share payments will result in some being sold for cash flow and at least a few retained for growth. If they can afford to keep them for a longer term.

Cash flow?

Wrong

From yesterday or today now holds no impact on the share price. It’s done and gone. It’s obviously placing churn and they probably wouldn’t do it lower than the price given on the placing. The sooner it’s out the better. If it was about it had no material impact, probably a sell though.

Crikey, that’s a bit negative

Https://x.com/premafrimin/status/1744696744787481070?s=46&t=oxdx9RnwcVHKdOMmZX-ZTw

Trucks arriving. Good news

The interview. He must be doing something today. Still placing shares being churned by the looks of it.

Banking on .5 in the next 3 weeks unless GR does a fab RNS