The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I don't short, wish i had done dough!
look at the price Feb-17 to now, if i had shorten this, id be jumping for JOY!
if anyone or Mr Roach, care to send me a cheque from his hard earned cash for 50Gs, to cover my losses on this car crash.
You'll never see, another post from me on PREM
Below is just some of the headlines... invested millions on Joint ownership with ZIM GOV, that never paid their fair share of the costs
from one disastrous decision followed by another at a cost to shareholders, taking wages to deliver what?
Initially dived in here in Feb-17, just look at the price since then.
I believe the assets have potential, the corrupt jurisdiction is the issue.
George Roach, chief executive, said the US$6mln of funding is expected to see RHA back in production later this year and allows for upgrades that will see major operating cost reductions.
A provisional implementation process had been agreed with NIEEF, he added.
Premier retains ownership of the plant and equipment at the mine and is reappointed as the manager for a further five years.
“The investment from NIEEF will be structured as share capital and Premier will simultaneously capitalise an equivalent amount from Premier's existing loan account.
“In my opinion, this represents both an equitable solution and a good time for the Zimbabwean Government to invest directly in this project.“
Premier holds a 49% interest in RHA and is the operator.
Premier African Minerals Limited (LON:PREM) will remain focused this year on acquiring assets that can generate cash and identifying high-value exploration targets.
The multi-commodity mining and natural resource development company focused on Africa has had a frustrating time with its investments in the RHA Tungsten project and the Zulu Lithium and Tantalum Project in Zimbabwe.
In its results statements covering 2019 and the first six months of 2020, the company said its recently acquired 19% interest in MN Holdings, the operator of the Otjozondu Manganese Mining Project in Namibia, represented the company’s re-emergence from “shrink” mode.
The group continues to hold 5mln shares in Circum Minerals, currently valued at around US$6.26mln. Circum has undergone a change of management control and has undertaken a review of the previous studies with the specific intention of reducing capital expenditure, accelerating time to build and improving the internal rate of return. Circum has indicated that preliminary reports should be available in October 2020, final reports in Quarter 1 of 2021 and re-energised discussions targeted to a “liquidity event” possible from as early as October 2020, dependent on preliminary results.
Premier posted a loss before tax of US$1.21mln for 2019, versus a loss the previous year of US$7.76mln (when the value of its investment in the Zulu project was written down by US$4.56mln).
In the first half of 2020, the group saw its loss before tax narrow to US$649,000 from US$17.92mln in the first half of 2019, when it recorded US$18.26mln of foreign exchange losses in its accounts.
“Premier's focus should be on assuring cash generation on the one hand and high-grade exploration on the other and your board of directors is determined to move in this direction,” said George Roach, the
ALBA, seems to be on the up probably due to the gold,
ANGS & UGOG.... ZzzzzzZzzzzZzzzz
Sorry, i was under the impression this was an Oil&Gas exploring company,
so if no cases on the are they looking to explore, surely that is good News, back to work as normal.... No?
what has changed?
Sorry, wrong board...
i'm losing it, was for GRL, not GGP
With all this lock-down & staying at home, people are loosing sight of reality.
Currently struggling to stay above 5p, would be lucky if we can get to 10p, never mind 14p
Great post, but reality very rarely matches sentiment.
That 12p would be a nice start, but seems to be struggling to gain any momentum/support.
Time will tell
No good when you buy 50k at 11p!
any chance it can go to 20p?
Despite chasing my brokers iii
Still awaiting the allocation of my shares re my Hvivo holding
Any dates for this to happen?
After 9 year of bearing the brunt!
Shareholders get shafted again, was expected future Div would be in question, and would be driven but future results, but 2019 year end was done and dusted.
They forget that many pensioners were counting on this money!
Daylight robbery, no other words for it.
why the drop?
it hurts... any news out?
Games going on...
They are killing it with the spread...
Either large order to fill or accumulating shares to sell later or cover their trades?
Take your choice,
6 NHS Hospital orders....
Say otherwise.
If that’s the case!!!
Why are you hanging around here?
Just buy on that company and be happy...
Buyers seem to be pouring in.
How long can they keep this down for?
Did someone, got tipped that RNS is on its way?
Been watching this one for a while, so far what a beauty, gutted I can’t trade it.
Should blow any moment.
Well done to those invested, best of luck.
And yes it’s 20p, not 2p
Buy... Buy...Buy
Oh....
Perhaps a tad too much?
Maybe too early
But why not... don’t ask don’t get ;)
Lots of buy posts and price going to fly, that I’m sure it’s probably right.
But what is the income they make on sale of kit?
Their Financial position? In debt making an income or loss year on year!
But looking at this, despite the current orders and what’s going on.
What I haven’t been able to find out, is what is their profit margins on the testing kit?
Also wages any other cost or debts if any, from last years report, it seems they made a loss of about £5ml, is this correct?
Has anyone done the calculations or have information you can share?
Cheers
The buying seem to have picked-up, towards the close.
Friday is coming, they must be getting nervous!
FDA approval or RNS confirming orders/sales could land anytime.