Premier Afr Share Price (PREM)

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 Shares Traded Last Trade
  +0.00p +0.00% 0.10p 35,147,206 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.09p 0.11p 0.10p 0.10p 0.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.27 -14.53 -0.22 8.0
Related Shares
Rio Tinto (RIO), Glencore (GLEN), Altona Energy (ANR), African Battery Metals (ABM)

Premier Afr (PREM) Latest News

Premier Afr News

Date Time Source Headline
13/3/201913:58ALNCPremier African Minerals RHA Tungsten Mine Receives Investment
13/3/201912:56ALNCFAlliance News Flash Headline
13/3/201912:55UKREGPremier African Minerals Limited Update on RHA
27/2/201911:05UKREGPremier African Minerals Limited Second Price Monitoring Extn
27/2/201911:01ALNCPremier African Minerals Raises GBP400,000 Via Share Placing (ALLISS)
27/2/201911:00UKREGPremier African Minerals Limited Price Monitoring Extension
27/2/201907:01UKREGPremier African Minerals Limited Appointment of Joint Broker and placing
26/2/201914:38ALNCPremier African Hires KME Plant To Restart Production At Zulu Project
26/2/201907:07UKREGPremier African Minerals Limited Zulu Lithium Drilling Programme
20/2/201914:59ALNCPremier African Minerals Say General Agreement Reached On RHA Tungsten
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Premier Afr (PREM) Discussions and Chat

Premier Afr Forums and Chat

Date Time Title Posts
18/3/201918:35Premier African Lithum/Tantulum/Tungsten11,260
07/11/201810:53The epic spiral of losses curtesy of George Roach21
07/11/201809:53Beware 800m shs to be issued107
17/5/201809:30PREM PREDICTION LEAGUE 2017/2018239
30/7/201714:31Welcome to AIM listed Premier African Minerals4,583

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Premier Afr (PREM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:24:360.105,000,0005,000.00O
16:14:560.101,049,2741,011.50O
15:44:390.10221,844216.41O
15:40:520.1035,50034.63O
15:18:000.1089,21587.07O
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Premier Afr (PREM) Top Chat Posts

DateSubject
18/3/2019
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 0.10p.
Premier Afr has a 4 week average price of 0.08p and a 12 week average price of 0.08p.
The 1 year high share price is 0.28p while the 1 year low share price is currently 0.08p.
There are currently 8,038,506,729 shares in issue and the average daily traded volume is 88,326,628 shares. The market capitalisation of Premier Afr is £8,038,506.73.
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22/2/2019
17:41		bushranger: @bigboots you ask "what happens if KME and HBR do a deal and take shares in lieu?" I take it from this statement that you have not even read the RNS setting out the KME/HBR deal? If you read the 14th Feb RNS ( the offical market staement) put out by PREM you would see that the deal WILL involve KME taking PREM shares in lieu...to the value of $5.1M. ie 3.9 BILLIION PREM shares.I stated 'raise' because that is effectively what it is.. The result is exactly the same. Why is PREM doing this rather than paying cash?. My opinion would be that PREM knows it could not raise the money for it, thats why Novembers plans fell through. Institutions would not give money to PREM and there is no way they could raise that amount of money from PI's no matter how much it is spun/pushed. Why are KME wanting this deal? I'd say they probably have as dud an assest as PREM and are happy to take what they can get..thats my opinion. Who is going to bear the cost in dilution and further share price destruction..the average PI investor in PREM. PREM has no money to even fund its working capital, so there is going to have to be a raise for actual cash on top of the deal to pay expenses and cost of trying to get up and running the new aquisition, plus RHA, plus any expenses that need to be backdated plus wages for GR & Co. If PI fund this madness they in one way deserve to lose their money. I just hope the new/ naive investors dont get sucked in.
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11/2/2019
09:59		bushranger: " I realise that but why would he throw another £300k in IF it was going to go pop shortly ?" IHNC - My thoughts would be, firstly, GR thinks he can continue the PREM gravy train indefinately. Share price has been ridden into the ground from 3.0p at one stage to now 0.1p. Newco would involve a share consolidation which would bring share price to a level dillution could begin again. Second, the loan had a £30,000 pound fee attached ?? payable to GR? I am assuming. The loan was initially secured against ARCM shares as they were close to being equal value at the time of the loan. These shares value dropped sharply. It was then that GR converted the loan to PREM shares. Coincidence? Where has GRs salary to pay 300k come from? Where has the money for company expenses for travel/ meals etc come from? PIs money thats where.
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16/8/2018
11:39		tedoby2: So we know that Prem are supporting Cadence going through their due diligence at the moment and the deadline for bringing that to a close is just over a week away. We also know now that the plan is for MauCo to produce Lithium Concentrate initially as it's the quickest route to market. But then move on to produce Lithium Carbonate which is far more lucrative. Those close to the company will also know that moves are already being made to increase the licensed area by as much as two or three fold. All very positive. As far as I can tell the main restriction to going the Condensate route will be the logistics in transporting the material from the mine to the rail terminal in Bulawayo of to a nearer one if possible. To my mind I can't see it being possible to transport more than around 250kt's/annum given the lorries have a payload 20 tonnes. Hopefully we'll see the mining plan being to produce far more spodumene than pegmatite initally with it being the more valuable. But only by a small margin it seems. The spodumene floatation results gave 6.5% Li2O content and the pegmatite marginally less at 5.95%. So overall excellent results. Not to mention one of the drill cores giving us no less than 4.5% Li2O which could be one of the best ever recorded anywhere. If all that's right and keeping the maths simple 250kt's of Concentrate will be processed from around 1.5m t's of ore at just over a 1% grade producing 15kt's of Li2O and from there the 250kt's of 6% battery grade Spodumene Concentrate. Current off-take agreements for 6% spodumene are being entered into at prices of around $1,000/t. But according to some analysts those prices could treble over the next two to three years. Being conservative if it doubles then the revenue to MauCo during the short Concentrate period would be around $500m annualised. With no corporation tax to pay initally the 2% Royalty will make little difference in the calculation and I believe the credit for the Tantalum would easily cover the small loss attributable to the Metallurgical Recovery rate so no adjustment needed for that either in my view. So with annual revenue at $500m and costs adjusted from the scoping study we could be looking at an "earnings" figure of at least $300m. From there using a P/E ratio of say 10 we get a Market Cap of $3bn for MauCo based upon an earnings metric. If Prem enters a 50/50 jv finally we therefore get to a notional contribution to Prems MC of $1.5bn. Lastly if Prem has 9bn shares in issue say Prems share price contribution form MauCo in the short period Lithium Concentrate is being produced would be $0.165 or approximately 12.5p at today's currency exchange rate in around 2 years time. Be that as it may as I say the Carbonate route is more lucrative by far. This route a 2m tonne ROM /annum would produce 20kt's of Li2O which is roughly 50kt's LCE. A projected annual revenue then could be 50k x $35k = $1.75bn if market price for LCE doubles. AISC's along with other costs (AIC's) are likely to be no more than $750 m/annum or so which would give MauCo a Market Cap of almost $1bn. Feeding 50% of that back into Prem from a 50/50 jv that would give Prem net "earnings" of $500m/annum . Then assuming a P/E of 10 is reasonable again and with say 10bn shares in issue that represents a MC of $5bn which would give Prem a share price contribution of about 37.5p. again using an earnings metric. AIMHO & GLA
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03/8/2018
13:03		tedoby2: Talking about this going nowhere here's a thought:- From the Webinar we know that Prem are supporting Cadence going through their due diligence at the moment. We also know that the plan is for MauCo to produce Lithium Concentrate initially as it's the quickest route to market. But then move on to produce Lithium Carbonate which is far more lucrative. Those close to the company will also know that moves are already being made to increase the licensed area by as much as two or three fold. All very positive moves As far as I can tell the main restriction to going the Condensate route will be the logistics in transporting the material from the mine to the rail terminal in Bulawayo. To my mind I can't see it being possible to transport more than around 250kt's/annum given the lorries can carry 20 tonnes. If that's right and keeping the maths simple 250kt's of Concentrate will be processed from around 1.5m t's of ore at a 1% grade producing 15kt's of Li2O and from there the 250kt's of 6% battery grade Spodumene Concentrate. Current off-take agreements for 6% Spodumene are being entered into at prices of arround $1,000/t. But according to some analysts those prices could treble over the next two to three years. Being conservative if it doubles then the revenue to MauCo during the short Concentrate period would be around $500m annualised. With no Corporation tax to pay the 2% Royalty makes little difference to the calculation and I believe the credit for the Tantalum would easily pay for the small loss attributable to the Metallurgical Recovery rate so no adjustment needed here either in my view So with annual revenue at $500m and costs adjusted from the scoping study we could be looking at an "earnings" figure of at least $300m. From there using a P/E ratio of 10 we get a Market Cap of $3bn for MauCo based upon an earnings metric and if Prem enters a 50/50 jv we therefore get to a notional contribution to Prems MC of $1.5bn. Finally if Prem has 9bn shares in issue say Prems share price contribution form MauCo in the short period Lithium Concentrate is being produced would be $0.165 or approximately 12.5p at today's currency exchange rate in around 2 years time. Be that as it may as I say the Carbonate route is more lucrative by far.This route a 2m tonne ROM /annum would produce 20kt's of Li2O which is roughly 50kt's LCE. A projected annual revenue then could be 50k x $35k = $1.75bn if market price for LCE doubles. AISC's along with other costs (AIC's) are likely to be no more than $800m/annum or so which would give MauCo a Market Cap of almost $1bn. Feeding 50% of that back into Prems from a 50/50 jv that would give Prem net "earnings" of $500m/annum . Then assuming a P/E of 10 is reasonable and with say 10bn shares in issue that represents a MC of $5bn which would give Prem a share price contribution of about 37.5p. using an earnings metric. So not really that much potential here at 25,000% increase in roughly 3 years from just one of Prems assets after all I suppose. Nevertheless food for thought. AIMHO & GLA
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30/6/2018
10:04		tedoby2: Tungsten APT European price is now US$350-354/mtu and rising. It would be interesting to re-calculate RHA's break-even at these prices once the fundamentals are known. My first guess is 1900mtu's/month and with a target of 10,000mtu's/month it's not difficult to reason how potentially valuable an asset RHA is.It could quite easily contribute between 1p and 2p towards Prems share price even if Prem kept it's original ownership % At Prem's target production rate and todays prices annual revenue would be over $42m. Net profit or "earnings" from that I suggest would be at least $25m which in turn would reflect a Market Cap of around $250m usinf a P/E ratio of 10 . Prems benefit MC on a 50% ownership basis would therefore be $125m. Even if Prem had 10bn shares in issue and 50% ownership that works out to be a 1p share price at today's $/£ exchange rates. So all in all something to look forward to and a very valuable part of Prem's portfolio. News not far away now. GLA
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21/9/2017
12:51		billthebank: Overall 1 RHA George is very confident that we will be profitable by Q4 and has a new team in board trying to ensure that happens. He would be extremely disappointed if this does not happen, There is a delivery underway at present. 2 PEA on ZULU under way. Need to wait for another 6/8 weeks 3 ZULU There is no one offering anything that George feels warrants consideration 4 CIRCUM: No more shares will be purchased unless the PREM share price significantly alters upwards and probably only with board authorisation 5 There will be no consolidation of PREM shares 6 The company does not have any liquidity issues That is the gist of it I think
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13/9/2017
10:13		jungmana: For 2 years prem share price has not had a breather. When the price gathers some strength and sentiment turns positive bang comes another dilution just for GR to go shopping .Darwin alone accounts for about half of our 6.3bn shares in issue.They made a killing here over the 2 years.
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10/8/2017
18:36		highly geared: I think a Circum event is on the near horizon and this explains the recent frantic efforts to get hold of as many shares as possible, regardless of the short term dilution and Prem share price weakness.....
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02/8/2017
14:12		hiddendepths: In view of the responses, I'll just add a little detail. Ignore it by all means. The extra dilution element only comes from the YA part of the financing. The lower the price the more shares they will get each month - as long as PREM don't make the repayments in cash, which is most unlikely IMO as they want to use cash to increase the Circum stake. So YA are clear beneficiaries from a lower price, especially in the price determination 5 day period each month. In essence, YA benefit from as much price volatility as possible so they can sell at the highs and buy at a 10% discount to the lows. This will make for an interesting share price for the next 8 months! As for the novel D-Beta financing.... If the share price averages .45p in the month before a repayment to PREM, the company will only receive £92,600 from D-Beta instead of the £275,000 that they would receive if the price was at the "Benchmark Price" of 0.77p. This makes a mockery of the assertion that the placing has been done at 0.7p! There are plenty of scenarios one can work through as to what the effective placing price is. If the share price climbs above 0.77p, D-Beta will pay the company more than £275,000 each month, although the formula is for only 75% of the surplus rather than the 100% on the downside. Furthermore, if the share price averages below about .2875p, PREM will have to pay D-Beta cash every month instead of the other way round! This may not look likely at present but it is a tangible risk - suppose the Zimbabwe Government cuts up rough for some reason or there are political disturbances. My take on this is that D-Beta would probably rather pay a smaller cash amount per month and if they can find ways of keeping the share price low for the next twelve months, that is what will happen. Clearly whatever happens to the share price, D-Beta are in a win-win situation. If the shares soar above 0.77p, they will doubtless sell plenty of shares in the market. So my take is that 0.77p is likely to be a cap to the price over the next year. But this is just my interpretation of what is going on. No doubt I'm wrong in several ways but as I'm no longer a shareholder I'm not going to dig any deeper so I'll leave it to others to come up with more sophisticated analysis!
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31/7/2017
17:46		billthebank: Had time to read the RNS now. Not exactly straight forward now is it? I was invested in WTI and thought they were the best thing since sliced bread until I noticed that we couldnt afford to service the debt unless the price of copper stayed at a reasonably high level. Needless to say it didnt! I exited and managed to get out reasonably well. Funnily enough their share price rose by more than 20% today and why is that at long last the price of copper is moving northwards!!! So what have we here? well we have just given security to our new lenders and they are charging us 18%. Are we mad? Please explain to me who in their right mind would borrow money at credit card rates? Really guys who would do that?I know African potash need I say more? Actually there terms were worse but not a lot worse. Totally ridiculous. Ok it is our intention to repay the debt back over 12 months. No mention of any arrangement fee but in light of the complexity of this repayment program it wont be small change. How much is that going to cost. Right repayments monies are being held aside and it is anticipated that £275K will be released on a monthly basis and if you notice this is linked to our share price. If the share price is below the subscription price of 0.77p then that spells trouble and already if we had to pay our first payment this month and our share price stayed at its current level for 10 days we would only receive £275k - (£275k X(0.77-0.52(approx)) ie approx £207K. Now YA has agreed subject to certain conditions to lend us $2.9M in two tranches and if we fail to make our monthly repayment YA will then have the right to convert any debt owing at a price value of 90% of the share price over a 5 day weighted period. Now if that happens and heaven forbid that it does we are totally stuffed as our share price will simply struggle to recover and we could be in a vicious downward spiral. IMO George did not look at all comfortable in the above pro active video and I believe that is because he did not expect such an adverse reaction to the RNS released today. Could be wrong but that is how it seemed. So definitely squeaky bum time. The question I ask myself is how long is a PEA likely to take as I believe this is so so important. Regarding RHA I believe that this is not as clear cut as first advised. From memory we were talking about in full production by Q3 but I will double check that. Now we are talking Q4 and of course the second tranche of money is kind of dependant on RHA getting its act together At the beginning I said who in their right mind would borrow money at 18%? Well George you may have an agreement to build a stake in Circum but IMO we have our fingers in too many pies and we should just focus on RHA and ZULU. If there is a deal on the table then we should take it because you know what old son this could all go horribly wrong. Personally I am locked in now as today share price reaction has caught me completely unawares and it is only now that I have had the chance to catch up, Not a happy investor as George this is not what you and your company led us to believe was going to happen. Anyone think my glass is currently half empty? please please please place a positive spin on this as I need to hear good news!!!!!!!!!
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