Share Name Share Symbol Market Type Share ISIN Share Description
Premier Afr LSE:PREM London Ordinary Share VGG7223M1005 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.275p 0.25p 0.30p 0.275p 0.275p 0.275p 1,279,625.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.1 -5.3 -0.1 - 5.66

Premier Afr (PREM) Latest News

More Premier Afr News
Premier Afr Takeover Rumours

Premier Afr (PREM) Share Charts

1 Year Premier Afr Chart

1 Year Premier Afr Chart

1 Month Premier Afr Chart

1 Month Premier Afr Chart

Intraday Premier Afr Chart

Intraday Premier Afr Chart

Premier Afr (PREM) Discussions and Chat

Premier Afr Forums and Chat

Date Time Title Posts
08/12/201608:44Premier League score predictions 2,163.00
24/11/201610:09Welcome to AIM listed Premier African Minerals4,246.00
16/11/201620:44Share Price9.00
31/5/201510:20Premier African Minerals - production in 201426.00
14/10/201417:39Is $PREM share price undervalued?10.00

Add a New Thread

Premier Afr (PREM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:26:380.3058,397173.44O
08:55:160.30200,000594.00O
08:49:480.301,000,0002,964.00O
08:04:140.3021,22863.05O
07:46:580.292,054,0315,987.50O
View all Premier Afr trades in real-time

Premier Afr (PREM) Top Chat Posts

DateSubject
08/12/2016
08:20
Premier Afr Daily Update: Premier Afr is listed in the Mining sector of the London Stock Exchange with ticker PREM. The last closing price for Premier Afr was 0.28p.
Premier Afr has a 4 week average price of 0.33p and a 12 week average price of 0.38p.
The 1 year high share price is 1.15p while the 1 year low share price is currently 0.20p.
There are currently 2,059,360,608 shares in issue and the average daily traded volume is 10,957,230 shares. The market capitalisation of Premier Afr is £5,663,241.67.
22/8/2016
07:56
cpap man: Premier African Minerals Limited ("Premier" or the "Company") Loan Note Instrument Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development company focused on Southern and Western Africa, is pleased to announce that the Company signed a subscription agreement ("Subscription Agreement") on 19 August 2016 for up to 140 Loan Notes for a gross value of up to £3,500,000. Subscription for the Loan Notes has been arranged by Darwin Strategic Limited ("Darwin"). Each Loan Note has a face value of £25,000 ("Par Value"). The Loan Notes are repayable at the rate of eight per month from 1 February 2017 and failing repayment, may be converted into new Premier ordinary shares ("Ordinary Shares") as explained under the Terms of the Loan Note. The Loan Notes will be issued across 3 issue dates ("Issue Dates"); the first 70 Loan Notes with a gross value of £1,750,000 being issued today ("Issue Date 1"), a further 35 Loan Notes with a gross value of £875,000 being issued at any time over the next 9 months ("Issue Date 2") and the remaining 35 Loan Notes with a gross value of £875,000 being issued at any time following the date falling 6 weeks after the Issue Date 2 up to the 1st year anniversary of Issue Date 1 ("Issue Date 3"). Issue Dates 2 and 3 are both at the discretion of Darwin. The net proceeds from the Loan Notes will be used to provide general working capital for the Company, and to support the exploration and development activities at the Zulu Lithium and Tantalum project ("Zulu") in particular. George Roach, CEO, commented: "This loan instrument removes any short term funding issues the company may have faced as RHA is fully optimised and ensures the rapid development of the exploration activities at the Zulu exploration tenements. In that regard, drilling is expected to commence in September 2016 and with in-house resource management and laboratory facilities at RHA, we expect a rapid and efficient turnaround from these exploration activities. This financing instrument means that there may be no dilution for shareholders due to the opportunity to repay the debt and hence avoid equity conversion. Whilst no future occurrence can be guaranteed, with, inter alia, an anticipated liquidity event from Circum, developments at RHA and the anticipated closing of the Mozambique acquisition there are reasonable prospects that repayments will be made rather than equity conversions. It is worth noting that failure to meet a repayment when due will not constitute an event of default, but rather a trigger, allowing the Note Holders the right to convert the notes as further described in this announcement." Terms of the Loan Notes For each £25,000 senior secured convertible loan note ("Loan Notes") issued, Premier will receive 90% of the Par Value, equivalent to £22,500 per Loan Note ("Issue Price"). The loan shall bear an interest of 16% per annum payable in cash monthly in arrears and calculated on the aggregate Issue Price of the Loan Notes issued. The Company will prepay a minimum of 6 months' interest on the Issue Date 1 and in the event that an amount of Loan Note is converted into equity during the first 6 months, then the prepaid interest will be deducted from future interest payments as they fall due in relation to other outstanding Loan Notes. The Loan Notes will redeem after a period of 12 months from the date of the Subscription Agreement, unless otherwise repaid or converted. The Company has provided a number of warranties to Darwin in respect of the Group. From 1 February 2017, each month Premier will redeem 8 Loan Notes in cash at a price equal to 105% of Par Value, amounting to £26,250 per Loan Note ("Amortisation Payment"). In the event that the Company fails to make the Amortisation Payment on the due date, Darwin may elect to convert up to 12 Loan Notes at 105% of Par Value into new Ordinary Shares at the conversion price of 90% of the arithmetic average of the volume weighted average share price per Ordinary Share for the five consecutive trading days selected by Darwin during a ten trading day period preceding conversion ("Conversion Feature"). In addition, the Loan Notes have certain conversion triggers that, for as long as the relevant event remains in breach and for 2 trading days after the breach has been rectified or remedied, the Loan Notes will have the right to convert into equity at 100% of Par Value on the terms of the Conversion Feature ("Conversion Triggers"). The Conversion Triggers are as follows: · The Ammonium para-tungsten (APT) price as quoted by Metal Bulletin Board on two consecutive Fridays (or if such price data is not available the nearest practical date which shall first be immediately preceding day as to the day with no available data) is at or quotes below $160 per metric ton unit (mtu) or such lower price may be mutually agreed between the Company and Darwin; · The tungsten trioxide (WO3) percentage contained in the Company's monthly production is below 60 per cent; · Outstanding Loan sums (including accrued and unpaid interest) being in excess of 20% of the Company's market capitalisation for five consecutive trading days. For the period commencing on the start date of this Subscription Agreement and expiring on the twentieth trading day thereafter, Darwin shall not be able to exercise any conversion/holder redemption pursuant to this soft trigger event. Further, in the event that either of the below triggers are breached the Loan Notes shall have conversion rights into Ordinary Shares at 100% of Par Value at any time through their term: · The TCT Industrial Florestais Limitada transaction not having closed on or by 1 November 2016; · The issue of any Loan Notes other than the Issue Date 1 Loan Notes. In addition to the other redemption rights, the Loan Notes are redeemable in the event of a change of control of Premier or the occurrence of an event of default in cash at 120% of the Par Value plus accrued but unpaid interest for as long as any Loan Note remains in issue. Furthermore, the Company together with the holders of the Loan Notes and George Roach have entered into a put option agreement ("Put Option") over the Company's shareholding of 2 million shares in Circum Minerals Limited ("Circum") at a price of US$2 per share (the "Circum Shares") or such higher value as cited in the Company's latest Annual Report, in order to provide security for the Loan Notes. The Put Option is a related party transaction for the purposes of the AIM Rules. The Board of Premier, other than George Roach, have not participated in the Put Option and are therefore independent under the AIM Rules for the purposes of considering the Put Option (the "Independent Directors"). The Independent Directors consider, having consulted with the Company's nominated adviser, that the terms of the Put Option are fair and reasonable insofar as the Company's shareholders are concerned. Darwin has also been issued with warrants equal to 30% of the aggregate Par Value of the Loan Notes issued on each relevant Issue Dates with the right to purchase 1 newly issued Ordinary Share for each warrant. The warrants have an exercise price of 125% of the initial market price, equivalent to 0.8437 pence and can be exercised within 3 years (and 7 days) of the Issue Date. As of the date of this announcement, Darwin have been issued with 77,777,778 warrants in respect of Issue Date 1. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
29/2/2016
10:13
theoriginalyoda: Thanks ft. The Circum licence is an interesting scenario. The licence will come soon enough, then the valuation of what we own there will be 3 or 4 times higher straight away. I suspect Circum wwill already have potential buyers on the sidelines. They know they are selling the site on receipt of the licence, so logic dictates they have already been in discussions and have interested parties. The overhang of stock from the loan notes is still here and going off the volume recently it will not be long until it's gone. This will certainly be the reason we have yet to hear about the resource upgrade. Clear the overhang first then deliver the news. This means we will see meaningful, sustainable and perminant gains when this happens. Happy days very close. PREM is a great investment at this level, we will certainly see another 100% plus minimum in March. Not bad! The mm's currently have a realtime spread of 100th of a penny. They are clearly confident that there will be no retraction of any significance in the share price. They have sufficient demand in shares. I mentioned a few days ago there were less than 8.3m shares traded under .63p in the last week even though there's been way over 600m traded, probably now over 700m. Thats a huge turnover of stock just over the current sp, once the overhang has gone, investors should be in no doubt that the share price will head north quite rapidly. Anyone looking to enter the game or top up can do so for .65p, but you won't be able to do it for long. Good luck guys.
23/2/2016
15:47
theoriginalyoda: Rns.... Conversion of loan notes again! Please Note - Streaming News is only available to subscribers to the Active Level and above Conversion of loan note and issue of equity RNS RNS Number : 9145P Premier African Minerals Limited 23 February 2016 Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining For immediate release 23 February 2016 Premier African Minerals Limited ("Premier" or "the Company") Conversion of loan note and issue of equity Premier African Minerals Limited, the AIM-traded, multi-commodity mining and resource development company focused on Southern and Western Africa, announces that it has received a notice of exercise by Darwin Capital Limited ("Darwin") to convert 13 loan notes with an aggregate value of £325,000 into equity ("Conversion Notice"). The loan notes have been used to part fund the re-opening of underground operations at RHA Tungsten (Private) Limited ("RHA"), Premier African Mineral's tungsten project located in Zimbabwe and for general working capital purposes. Premier is the operator of RHA and holds a 49% interest. Premier, at its election, has the right to redeem one or all of the outstanding loan notes in cash at 105% of Par Value (equivalent to £26,250 per loan note). Should Premier not redeem any loan notes during any one month, Darwin may elect to convert up to 7 loan notes at 105% of Par Value into new Ordinary Shares in Premier at the conversion price, being the lesser of the subscription issue price or 90% of the arithmetic average of the five daily volume weighted average share price per Ordinary Share preceding conversion. Darwin has converted its 7 loan notes for February 2016 (as previously announced on 18 February 2016 and 16 February 2016). In addition, the loan notes have certain conversion triggers that enable Darwin to convert the loan notes at 100% of Par Value. As announced on 15 September 2015, Darwin reduced the conversion trigger price of APT from $230 to $130 per mtu until 31 December 2015. As the current price of APT remains below the trigger price of $230 per mtu, Darwin has elected to convert an additional 13 loan notes at 100% of Par Value (£325,000) at the conversion price of 0.542592p. The Conversion Notice was therefore received in aggregate for £325,000 of loan notes issued in April 2015. The Par Value outstanding on the loan notes is £200,000 after conversion today. The Company has therefore issued today 59,897,676 new Ordinary Shares to Darwin ("Darwin Shares") at an issue price of 0.542592p. The Darwin Shares will rank pari passu in all respects with the existing ordinary shares. Application will be made for the New Shares to be admitted to trading on AIM and admission is expected to take place on or around 29 February 2016. Following the issue of the New Shares, the Company's issued share capital consists of 1,602,686,995 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
18/2/2016
10:39
bullet ant: Limited ("Darwin") to convert 9 loan notes with an aggregate value of GBP232,500 into equity ("Conversion Notice"). The loan notes have been used to part fund the re-opening of underground operations at RHA Tungsten (Private) Limited ("RHA"), Premier African Mineral's tungsten project located in Zimbabwe and for general working capital purposes. Premier is the operator of RHA and holds a 49% interest. Premier, at its election, has the right to redeem one or all of the outstanding loan notes in cash at 105% of Par Value (equivalent to GBP26,250 per loan note). 6 of the loan notes are convertible at 105% of Par Value (GBP157,500) at Darwin's election into new Ordinary Shares in Premier at the conversion price, being the lesser of the subscription issue price or 90% of the arithmetic average of the five daily volume weighted average share price per Ordinary Share preceding conversion. In addition, the loan notes have certain conversion triggers that enable Darwin to convert the loan notes at 100% of Par Value. As announced on 15 September 2015, Darwin reduced the conversion trigger price of APT from $230 to $130 per mtu until 31 December 2015. As the current price of APT remains below the trigger price of $230 per mtu, Darwin has elected to convert an additional 3 loan notes at 100% of Par Value (GBP75,000) at the same conversion price described above. The Conversion Notice was therefore received in aggregate for GBP232,500 of loan notes issued in April 2015. The Par Value outstanding on the loan notes is GBP700,000 after conversion today. The Company has therefore issued today 79,678,407 new Ordinary Shares to Darwin ("Darwin Shares") at an issue price of 0.291798p.
18/2/2016
10:04
bullet ant: onversion of loan note and issue of equity Premier African Minerals Limited, the AIM-traded, multi-commodity mining and resource development company focused on Southern and Western Africa, announces that it has received a notice of exercise by Darwin Capital Limited ("Darwin") to convert 9 loan notes with an aggregate value of GBP232,500 into equity ("Conversion Notice"). The loan notes have been used to part fund the re-opening of underground operations at RHA Tungsten (Private) Limited ("RHA"), Premier African Mineral's tungsten project located in Zimbabwe and for general working capital purposes. Premier is the operator of RHA and holds a 49% interest. Premier, at its election, has the right to redeem one or all of the outstanding loan notes in cash at 105% of Par Value (equivalent to GBP26,250 per loan note). 6 of the loan notes are convertible at 105% of Par Value (GBP157,500) at Darwin's election into new Ordinary Shares in Premier at the conversion price, being the lesser of the subscription issue price or 90% of the arithmetic average of the five daily volume weighted average share price per Ordinary Share preceding conversion. In addition, the loan notes have certain conversion triggers that enable Darwin to convert the loan notes at 100% of Par Value. As announced on 15 September 2015, Darwin reduced the conversion trigger price of APT from $230 to $130 per mtu until 31 December 2015. As the current price of APT remains below the trigger price of $230 per mtu, Darwin has elected to convert an additional 3 loan notes at 100% of Par Value (GBP75,000) at the same conversion price described above. The Conversion Notice was therefore received in aggregate for GBP232,500 of loan notes issued in April 2015. The Par Value outstanding on the loan notes is GBP700,000 after conversion today. The Company has therefore issued today 79,678,407 new Ordinary Shares to Darwin ("Darwin Shares") at an issue price of 0.291798p.
15/2/2016
16:13
ftangftang: Zimbabwe bank financing for Premier's 49%-held RHA mine By StockMarketWire | Mon, 15th February 2016 - 13:26 A Zimbabwe based banking institution has offered direct finance to Premier African Minerals' 49%-owned RHA tungsten mine. Premier says that as part of the continuing preparations in respect of underground ore processing, RHA has increased its working capital facilities with a USD200,000 general credit facility from a local bank, which may be utilised for payment of direct operating expenses associated with the production of wolframite concentrates. The facility bears interest at the bank's costs of funds plus a margin of 8.75% and is guaranteed by Premier. The on-demand facility is for an initial term until 31 October 2016. Chairman and chief executive George Roach said: "It is most encouraging that a local banking institution has a level of confidence in RHA such that they are prepared to extend a facility for normal working capital requirements linked to shipment of concentrates. Historically, Premier has met 100% of all expenses incurred by RHA." At 1:26pm: (LON:PREM) Premier African Minerals share price was +0.03p at 0.35p [...] cheers ft ft
05/6/2015
08:35
liquid millionaire: Now that GAP has been closed the circa 3p area is offering very decent supoort chart wise to PREM plus the opportunity for some consolidation prior to the no doubt continued rise in the PREM share price to some 10p+
03/6/2015
08:03
liquid millionaire: Yes ryan83 i remember fondly those days when it was just you and me on this PREM thread but then to be fair the PREM share price is now well on the way to 10p+
29/4/2015
06:44
liquid millionaire: Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining For immediate release 29 April 2015 Premier African Minerals Limited ("Premier" or "the Company") Loan Note Instrument Premier African Minerals Limited, the AIM-traded, multi-commodity resource and development company focused on Southern and Western Africa, is pleased to announce that the Company signed a subscription agreement ("Subscription Agreement") on 28 April 2015 for 66 Loan Notes for a gross value of £1,650,000. Each Loan Note has a face value of £25,000. The Loan Notes are repayable at the rate of seven per month from the 1st October 2015, and failing repayment, may be converted to Premier shares at 90% of the then ruling market price. Subscription for the Loan Notes has been arranged by Darwin Strategic Limited (Darwin). The Loan Notes will be issued in three tranches, the first 18 Loan Notes ("Tranche 1") being issued today, a further 30 Loan Notes being issued on 3 May 2015 ("Tranche 2") and the remaining 18 Loan Notes being issued on 1 June 2015 ("Tranche 3"). The issuance of Tranches 2 and 3 are conditional on certain milestones being met. The net proceeds from the Loan Notes will be used to fund the development of RHA Tungsten (Private) Limited ("RHA"), Premier's flagship Tungsten Project located in Zimbabwe. Premier is the operator of RHA and holds a 49% interest. George Roach, CEO, commented: "RHA Tungsten is now fully funded into production based on current budgets. The most encouraging aspects of this financing instrument are that there is no shareholder dilution at this time, a real opportunity to repay debt and in so doing, avoid any equity conversion and at the same time, any failure to meet a repayment when due will not constitute a default, but rather a trigger affording a right for Note Holders to convert the notes due at that time only to equity at 90% of the then ruling share price. " Terms of the Loan Notes For each £25,000 Senior Secured Convertible Loan Note issued, Premier will receive 85% of the Par Value, equivalent to £21,250 per Loan Note. The Loan Notes will redeem after a period of 18 months from the date of the Subscription Agreement, unless otherwise repaid or converted. The Company has provided a number of warranties to Darwin in respect of the Group. The issue of Tranches 1 to 3 under the Subscription Agreement is subject to certain conditions, including no material breach of warranties and the achievement of a number of milestones as follows: · Tranche 1 (aggregate Par Value of £450,000) - on signing of the Subscription Agreement. · Tranche 2 (aggregate Par Value of £750,000) - on 3 May 2015 subject to confirmation in a form satisfactory to Darwin from Appropriate Process Technologies, the manufacturer of the process plant, that the process machinery and equipment for the RHA Tungsten mine is ready for shipment. · Tranche 3 (aggregate Par Value of £450,000) - on 1 June 2015 subject to the Company demonstrating to Darwin's satisfaction that the process plant and equipment for the RHA Tungsten mine has been delivered to the mine site and has assembled and commissioned. From 1 October 2015, each month Premier will redeem 7 Notes in cash at a price equal to 105% of Par Value, amounting to £26,250 per Loan Note ("Amortisation Payment"). In the event that the Company fails to make the Amortisation Payment on the due date, Darwin may elect to convert up to 7 Loan Notes at 105% of Par Value into new ordinary shares in the capital of Premier ("Ordinary Shares") at the conversion price of 90% of the arithmetic average of the volume weighted average share price per Ordinary Share for the five consecutive trading days preceding conversion ("Conversion Feature"). In addition, the Loan Notes have certain conversion triggers that, for as long as the relevant event remains in breach, the Loan Notes will have the right to convert into equity at 100% of Par Value on the terms of the Conversion Feature ("Conversion Triggers"). The Conversion Triggers are as follows: · The process plant is not producing by 1 July 2015. · The APT price as quoted by Bloomberg for five consecutive trading days is at or below $230 per mtu or such lower price as may be mutually agreed between the Company and Darwin subject to the Company securing sales contracts or off-take contracts at discounts less than 35 per cent. of the spot price. · The WO3 percentage contained in the Company's monthly production is below 60 per cent. In addition to the other redemption rights, the Loan Notes are redeemable in the event of a change of control of Premier or the occurrence of an event of default in cash at 120% of the Par Value. As long as any Loan Note remains in issue, the Company may not make any repayment of or convert into Ordinary Shares any amounts owed to George Roach under the existing Working Capital Facility or Bridge Facility provided by George Roach to the Company. The Loan Notes are secured by a fixed and floating charge over the assets of the Company. Furthermore, the Company together with the holders of the Loan Notes and George Roach have entered into a put option agreement ("Put Option") over the Company's shareholding of 2 million shares in Circum Minerals Limited ("Circum") at a price of $1 per share (the "Circum Shares"). In the event of a default by the Company under the terms of the Loan Notes, George Roach will be required by the Company to purchase its entire holding of Circum Shares for $2 million in cash, the proceeds of which will be used to settle any outstanding Loan Notes. The Put Option is a related party transaction for the purposes of the AIM Rules. The Board of Premier, other than George Roach, have not participated in the Put Option and are therefore independent under the AIM Rules for the purposes of considering the Put Option (the "Independent Directors"). The Independent Directors consider, having consulted with the Company's nominated adviser, that the terms of the Put Option are fair and reasonable insofar as the Company's shareholders are concerned. Darwin has also been issued with warrants to subscribe for 16,673,684 new Ordinary Shares at an exercise price of 2.96875 pence per new Ordinary Share. The warrants can be exercised within 3 years (and 7 days) of their issue.
13/10/2014
12:39
dr9980: Is $PREM share price undervalued? http://uk.communifin.com/group/premier-african-minerals/post/1764.htm
Premier Afr share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20161208 09:52:20