Member Info for MickR

As much as we PI's spew hatred against GR, we need to remember that he is the single largest shareholder in PREM with a holding of 476m shares equivalent to roughly 7% of the issued shares.

His decisions affect him and us and unless the man is a nutter (which he is not) he will want to see a much higher SP as much as us.

Consolidating nicely at this level pending RHA RNS. Bring on the news.

Yes, the giveaway is the word shareholders....joint venture partners ...and coupled with Government pledge to find financing for its share as well....

Looks to me like JV is already in place with financing ...all that is awaiting is ownership confirmation.

Happy to be in here and hope all holders do well.

AIM-listed Premier African Minerals has intensified the drive to raise funds for the resuscitation of the Hwange-based Rha Tungsten Mine with expectations that underground operations will commence during the first quarter of 2019.

Development towards the reopening of the mine which is the only significant tungsten mining entity in Zimbabwe has excited government with expectations that the resumption of production will create jobs and contribute to increased earnings from domestic mining sector.

Mines and Mining Development Minister Cde Winston Chitando, who recently toured the mine, said results of the recent resource evaluation exercise is encouraging and pledged government’s commitment to support the firm to raise funds towards resumption of mining.

“They have pumped in money to do resource evaluation and have come up with a fairly sizeable indicated and inferred resource. They are now in the process of raising funds to commence production,” Minister Chitando said.

Once fully operational, the mining concern will employ at least 250 workers and will have a turnover of around US$10 million.

The shareholders are targeting to commence underground mining early next year before moving to open pit mining.

The Rha Tungsten project, developed by Premier Africa Minerals, is located approximately 20 km south-east of Hwange and 270 km north of Bulawayo.

http://www.zbc.co.zw/rha-tungsten-mine-set-for-re-opening/

Wow, looks like everything is finally falling in place with PREM, the RHA reopening story in today’s local Zim news will surely mean RNS tomorrow?

I was lucky to have bought some before yesterday's RNS. Would be good to see 0.25p/0.30p today and then 0.5p plus on actual confirmation of RHA ownership by close on Friday . Maybe .just maybe...GR is finally delivering and sentiment is turning.

Good tick up here today, directors buying always instil confidence.

aunty,

You have no clue do you? A share subscription means purchase of shares. The RNS clearly gives a purchase price of 0.93p a share.

It looks like bad news expected out of Japan, the market usually knows before us punters.

Be wary of trying to catch falling knives....I know lots loaded up at 100p thinking that was the bottom already 30% down at 70p.

It will bounce back when the overhang has cleared. At the moment, seems like plenty of stock up for sale by the placing flippers...Needs volume to clear by Friday hopefully.

I have taken several million at these low prices...

Can sell over a million shares but cannot buy over a million...Huge spread to discourage buyers...

They are Twitting...last tweet 2 hours ago? Looking to take a punt here...

Yesterday’s action looked like a leak more than anything else, need positive news to propel this share higher...I was getting NT to buy anything over a million.

Missed the boat...almost bought in at 1.41p this morning. Good luck holders.

I have bought back in today...think OMI has now bottomed out. WTFDIK

Spike912, that’s you sold out I guess 😀

There is simply no way Hudson/CS was going to let BZM go bust, the ratification of the mining convention a few weeks back was the game changer IMO barring the games being played recently, this will now re rate as soon as we get news that funding has been sorted and the port has been leased out.

1p easy.

Someone had said we should likely get news today...Hudson financing...has it been sorted? Looks like someone has got the nod.

https://foreignpolicy.com/2018/09/13/corruption-is-wasting-chinese-money-in-africa/