pre Premier PIRGF.PK, PG.TO, these guys are getting ready to do something, but I am not sure what. They just raised an extra $14 million. They could have waited until gold went back up, but they did not!

My own hunch is that Premier will buy Roxmark RMK.V.
They are already jv partners with Roxmark on some key Beardmore Geraldton properties, including a shallow gold deposit and some deeper stuff. Why continue to pay for all the drilling while roxmark sits there at seven cents a share, too bloated in shares outstanding to raise new cash. roxmark controls a permitted mill in that region!!!!!

Premier completes 14 million dollar private placement
Friday November 14, 8:55 am ET

Shares Issued: 69,348,742
THUNDER BAY, ON, Nov. 14 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG - News) announces that it has closed, including a 20% over-allotment, a fully subscribed, non-brokered private placement for 7,800,096 flow-through shares (the "Flow-Through Shares") at a price of $1.80 per Flow-Through Share for aggregate gross proceeds of C$14,040,180.
The Company shall, pursuant to the provisions in the Income Tax Act (Canada), incur Canadian Exploration Expenses (the "Qualifying Expenditures") for the issue of the Flow-Through Shares and prior to December 31, 2009 in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Flow-Through Shares. The Company shall renounce the Qualifying Expenditures so incurred to the purchasers of the Flow-Through Shares such that C$1.80 per Flow-Through Share shall be deductible against the income of the Flow-Through Share subscribers for the fiscal year ended December 31, 2008.

"This financing augments our already strong balance sheet and positions Premier to be among Canada's most active companies in 2009, with one of the industry's largest exploration budgets," states Ewan Downie, President and Chief Executive Officer. "We expect to complete more than 50,000 metres of drilling on our three projects strategically located in the heart of major Ontario gold mining camps."

Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these projects are operated in joint venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and recently signed an agreement to acquire mineral properties in the Geraldton area from Barrick Gold.

OTHER POSSIBILITIES:

* premier simply had an investor in the wings and decided to get money while it was being offered.

( they wanted to be in a stronger bargaining position for what, i am confident, are ongoing endless chats with Goldcorp about gg buying premier's one-half stake in the re lake property jv.