Premier African Minerals Forum

Back trading same sort of price, you still can not get the company to show up on ii.

You can not even get this share up on ii ( it appears they disappear when suspended on new format ) Saw zac mir commenting on share chart Friday 27 july (Share talk.. shows hes on the ball , hope it was put up in evening lol )Then searched around and can see RNS at close 16.30 Friday they are back trading Monday 30th July .

"Fabrication of the plant modifications at RHA have been completed and are being transported to site. Civil construction work has commenced and the Company is targeting 06/07/16 for completion. Bulk test-work on the tailings indicates the potential to supplement ROM ore during the underground mining ramp up phase. Early XRT results on a low-grade bulk sample from the open pit confirm the potential for the upgrading of the ore. Positive update from Premier African Minerals with the modifications to the plant remaining on schedule for the 6th July. The Company is looking to ramp up production levels to 9,000t per month from the underground mine." Northland note out this morning on research tree

Northland's note out this morning on Research Tree: "2015 was a difficult year for Premier African Minerals with the ramp up of the open pit suffering from grade issues leading to the suspension of production. Added to this, issues with the processing plant led to delays in production from the underground operations. Despite the problems encountered the Company is now on the verge of building the underground operations to 9,000t per month from June 2016."

SP Angel published a note this morning on Research Tree: "Premier African Minerals reports a loss of $7.86m both before and after tax in 2015 (2014 -$537,000 loss). Premier African has clearly had to address a number of challenging issues on the geology, resources, mining and processing in the development of the RHA tungsten mine. The diversification into limestone and forestry assets in Mozambique could provide an additional source of near-term income.esday, 14 June 2016 when the Company is anticipating being in a position to advise the outcome of these Los Calatos Partnership Process negotiations."

One of the most underrated companies on AIM - CEO George Roach has a vested interest in the stock - he owns approx 30%. The RHA Tungsten mine is producing at one of (if not the lowest) price in the world $89 mtu - Prem have recently done a placing to fund the expansion of the mine underground to start greater production and quality amounts whilst Tungsten is at Rock bottom -Tung heavily in demand will rebound very sharply from here I believe - it was 2x it's current price 6 months ago. (hence the drop in the SP) and we are due to find out very soon how that has been coming along. Life of mine is 15 years. Prem 100% owner of mine - owed approx 14m by Prem subsidiary RHA ltd (lent by Prem to RHA to get the mine up and running) - when mine starts to reach profitability. News due about Benin mine interests which we do not know too much about but is an area of 250km2 - a mixture of artisinally mined jewels and shallow vanadium, tantalum - not priced in. Due to hear about the Lithium mine - Zulu - expecting to hear progress here. Not priced in.. As a safety net, PREM owns 2.15% of Circum minerals - potash mine in Ethiopia. This could be worth up to 20m to Prem when Circum sell this off expected anytime now till H1 2016 and after the mining licence has been confirmed - expecting news. Not priced in. MCap of 5.5m is - as you can probably work out for a producing miner (with an extraordinary insurance policy in Circum) - totally and utterly ridiculous. Current price is probably as low as it will get - expecting to reach 3.5 in 6 months. All IMO - DYOR

PREM produces at $89
Tungsten - APT European prices $165-195/mtu vs $165-185/mtu last week – spreads widen suggesting some
resistance

Good sign hopefully for all producers.

Lots of news due here with the Tungsten production upgrade at the new 'fully operational' underground mine at RHA, news and progress at Benin and Lithium mine Zulu - not to mention the 'secret' holding in Circum with licence news due there.
5.5m mcap for PREM is an almost criminal price - but this is AIM I suppose!

EXCELLENT RNS just now IN WRES.... will rerate like AFPO a week after RNS IMHO

If you are after a tungsten play, what about Ormonde Mining instead?