Member Info for Marcuspd

"‘without even fully understanding the RNS or when or how the shares were sold’

Suggest you read the RNS properly. Made yourself look silly there Markus.

J"

No, cobblers. You have NO IDEA if they were given to an intermediate and going by the prices, it's quite clear they were not actually sold on the days specified, or the share prices would have been much. much higher.

The broker fees of almost £20K suggest this wasn't as simple as GR selling them then transferring the cash. CEO selling has to be very carefully controlled to cause minimum bias to the SP and this was clearly a lot more complicated that the listed dates on the appendix of the RNS.

"Not allowed to write on here what I’m thinking about the underhanded selling and lies

J"

Yet you still felt the need to allude to it, without even fully understanding the RNS or when or how the shares were sold.

How about putting the hatchet down and being thankful that the CEO has given an interest free loan to the company in order to pay current OPEX?

"Although the RNS says otherwise... I wonder if they were sold to an intermediary and hit the market today?"

It has to be, as the prices are way out for the latest ones at least and do not represent the dates they are listed.

Must have been given to an intermediator to let go in batches to not upset the SP as much.

I suspect it was £2M worth at the time GR gave them to sell and the the time they were sold, the SP had brought the value down to £1.7M.

There we have it then. The GR shares have been sold and Prem has the cash to cover OPEX for a while.

Now maybe we can get back to a bit nor normality? 700M shares traded today so far now.

Seems odd that it was worked out at £1.7M, not the £2M it was upped to, but I can only assume the SP was the cause for that. Either way,. the £1.7M interest free will hopefully keep the leccy on until the RHA mill is installed and running.

Marcus - well if you've been invested in prem for 2 years you bought at .20. why you averaging up buying at .43?"

Correct. My first chunk was bought on 18/6/21 when the price was 0.1949. I'm buying more now, because 2 years later, it's an actual mine, not a patch of dirt. If I could buy at 0.2p again, I'd put half my savings into it, but prices will never hit that low IMO.

I bought again today at 0.43p, which with hindsight wasn't rock bottom, but with the current Buy price back at 0.42p, I'm not that downhearted.

It will be tough over the next 2 months, but I think that the revised targets are very achievable and the future is bright. I'd rather buy in now with a small amount of risk left than pay twice as much when the first 1,000T is produced and left site.

My choice. I may be wrong, I may be right, but it's my choice. You've chosen to sell and try to buy back in lower. Good luck to you, but you're also running a risk of missing out on profit.

True, but if it was plain sailing you wouldn't be able to buy them for under 0.43p a share! ;)

Ah, seen the correction reply now. Please ignore.

Tygra. That's if defaulted. GR's ACTUAL loan terms are interest free and repayable in shares.

"Marcuspd

'Secondly, the loan is interest free and to be paid back in share value, not numbers AFAIK.'

'If Premier is unable for any reason to issue the Settlement Shares by whatever means, repayment of the Loan may be made in cash in an amount which is equal to amount of the Loan plus compounded accrued interest at 8% per annum from the date of the Utilisation Request.'

It isn't interest free, GR has covered all bases to ensure he's well paid incase 'for some reason' he doesn't get paid back in shares.

Don't worry, he can pick up some of those repayment shares in the next massive dilution he subjects us all to."

"Let's see what transpires, Marcuspd. Feels like you're relatively new to Prem - hope that you're not feeling too bruised!"

Over 2 years Steward1. I just didn't start posting on here until a month or two ago.

In the long term, I see this as having great opportunity and manageable risk.

It just seems a favourite for the pump and dump brigade now, many of whom make up the bulks of the white noise on here, which makes the worthwhile debate harder to find of late.

600,000,000 shares traded so far today, £2.4M in value at 0.004. In the half hour from 13.30-14.00, net 25M shares were bought. I'd say at least a large chunk or the full amount of GR shares are already sold now.

The SP was flatlined from 1PM and is rising slowly again now. I hope those who bailed, got back in without losing too much ground. Buy is now back up to 0.0042 .

"Aimisalaugh - I now believe that GR completed the sale of his shares prior to the interview, even as early as last week and that we'll get an RNS about using some of the headroom to immediately repay him. Say he sold his shares at an average of 0.5p, he would have sold 400m shares. He could get as many as 500m shares back... that's an extra 100m shares to GR!!!

I'd be very surprised if we don't get an after hours RNS today or one before opening on Monday.

AIMHO, of course!"

2 points. Firstly an RNS needs releasing within 5 days of GR selling shares, so would it not be out already?

Secondly, the loan is interest free and to be paid back in share value, not numbers AFAIK.

Amazing how some switch from glass half full to half empty depending on whether they're buying or selling.

Martinigirl. He has an obligation to tell the company within 4 days and they have 1 business day to RNS it. There is no obligation to announce intention to buy, which many on here are demanding, so they have insider knowledge.

"For all you rose tinties -

"The long and short of it is should Premier African Minerals fail to meet production targets, Canmax can impose crippling penalties on Premier African Minerals, which will erode shareholder value."

"Premier African Minerals have bought themselves time, but long-term shareholder value creation hinges on ramping up production in the short term. The pressure is on."

To be fair, the targets are low and very achievable. If Prem can't supply 1,000T pcm by the end of November, then I don't blame Canmax. The first month or two will be the hardest. By the end of the year, the new ball mill should be there along side the RHA rod mill and production can be ramped up long before the Canmax repayments go up to 50% Gross.

"Wish I knew how many of the 5b shares he intends to use."

As few as will be needed to pay OPEX, once his £2M runs out, I presume?

None have been issued yet and unlike his interest free loan, he'll have to declare exactly when and how much of the shares were issued.

How long £2M will last when STARK are picking up the costs of the RHA mill install and the plant isn't running until this is integrated is anyone's guess. I should imagine £2M goes quite far on wages and diesel in Zimbabwe.

Why do you think you have a God given right to know when GR has sold his shares? Announcing it will affect share price, of which he's a major shareholder.

Also, as releasing the news of just about to, or just done, would affect the SP, so surely this would be seen as insider trading?

Anyway, I've doubled my stake at 0.44p. This is seriously undervalued and when the first shipment leaves Zulu, this SP will double from here. When production gets to capacity, it should rise a lot higher from there too.

Not sure if everyone saw this as I posted the link last night, out of hours, but it goes some way to explain the deal and should resolve some of the clear misunderstanding being spread on here by the usual suspects.

The point about Canmax valuing at well over market cap is interesting.

https://investingstrategy.co.uk/stock-tips/premier-african-minerals-the-sting-in-the-tail/

Or maybe, as a major shareholder, he doesn't want want to release news he has no obligation to, which will cause the share price to drop?

Why do some think he has to tell them when he sells his shares, so you can make money and he loses it?

Would you? Give over. Brown's Bottom strikes again.

I've transferred the funds to double my shareholding. Just waiting for what I see as rock bottom.

This is seriously undervalued now and risk is lower than it's ever been.

I see by the number of filtered poster boxes, that the usual white noise will be being spouted again.

“23

- From 1 June 2023 and until the Advance Purchase Amount plus accrued interest has been settled, Canmax will receive 50% of all gross proceeds due to Premier from the sale of Product.

- From 1 November 2023 until 30 May 2024, Canmax will receive 25% of all gross proceeds due to Premier from the sale of Product

they better get producing unless they are paying 75% from november until they pay off the loan and the interest“

It’s a typo and they will never take 75%. It’s 25% from Nov23 the 50% from June 2024, not 2023.

This will help explain and settle sone of the plain wrong negative nonsense being spouted on here, from people who’ve completely misunderstood what the deal is.

https://twitter.com/that_stocks_guy/status/1691576834410823768?s=46&t=GMMwnKnidI2oOevoDudR6g