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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
  +0.01p +9.52% 0.115p 78,662,855 14:39:17
Bid Price Offer Price High Price Low Price Open Price
0.11p 0.12p 0.115p 0.105p 0.105p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.27 -14.53 -0.22 8.5

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Date Time Title Posts
15/12/201812:38Premier African Lithum/Tantulum/Tungsten10,514
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
2018-12-14 16:28:030.122,515,9662,994.00O
2018-12-14 16:24:180.124,302,5864,991.00O
2018-12-14 16:15:220.112,000,0002,230.00O
2018-12-14 15:54:450.12697,413809.00O
2018-12-14 15:51:340.124,000,0004,680.00O
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Premier Afr (PREM) Top Chat Posts

DateSubject
15/12/2018
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 0.11p.
Premier Afr has a 4 week average price of 0.10p and a 12 week average price of 0.10p.
The 1 year high share price is 0.40p while the 1 year low share price is currently 0.10p.
There are currently 7,381,648,492 shares in issue and the average daily traded volume is 35,107,555 shares. The market capitalisation of Premier Afr is £8,488,895.77.
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
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
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
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
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.
23/8/2017
11:52
bionicblabbermouth: Equity Funding Summary Premier has also today entered into an equity funding facility consisting of two parts. The first part is a subscription to raise GBP4.8 million, before costs (the "Subscription"), by way of a subscription for 685,714,286 ordinary shares of 0.7 pence each (the "Subscription Shares") by Delta-Beta One EQ Ltd ("D-Beta") at a subscription price of 0.7 pence per Ordinary Share (the "Subscription Price"). The Subscription Shares will represent approximately 13% of the enlarged ordinary share capital of the Company. Out of the proceeds of the Subscription GBP3.3 million will be returned by the Company to D-Beta as payment ("Sharing Payment") under the equity sharing agreement (the "Equity Sharing Agreement") and the balance of GBP1.5 million will be retained by the Company ("Net Subscription Proceeds"). The Net Subscription Proceeds (net of costs and commissions), will be used to provide additional funding for the Company's continuing operations and general working capital. In respect of monthly receipts from the Equity Sharing Agreement (as described further below) the Company has agreed that the first GBP900,000 and 50% of all receipts in excess of GBP900,000 will be used first to repay any amounts owing under the Loan Agreement. Any balance of receipts will be used by the Company for general working capital purposes. The Equity Sharing Agreement entitles the Company to receive back the Sharing Payment on a pro rata monthly basis over a period of 12 months, subject to adjustment upwards or downwards each month depending on the Company's share price during the previous month, as explained in more detail below. The Equity Sharing Agreement provides the opportunity for the Company to benefit from positive future share performance. However, should the Company's share price not perform positively, then the Company may receive less than the GBP3.3 million Sharing Payment, and if its share price falls substantially, the Company may have to return some of the proceeds of the Subscription to D-Beta. In no event, will fluctuations in the Company's share price result in any increase in the number of the Subscription Shares issued by the Company or received by D-Beta. Further details of the Equity Sharing Agreement On completion of the Subscription, the Company shall pay D-Beta the Sharing Payment of GBP3.3 million. The Equity Sharing Agreement provides for a monthly payment to be made by D-Beta to the Company, being GBP275,000 for 12 months (the "Monthly Payment"). Each Monthly Payment may be adjusted up or down depending on whether the average of the lowest ten daily VWAPs of the Ordinary Shares of the Company during the preceding month (the "Monthly Price") is above or below 0.77 pence per Ordinary Share (the "Benchmark Price"). If the Monthly Price is below the Benchmark Price, then the Monthly Payment is reduced based on the following formula:
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.....
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!
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!!!!!!!!!
31/7/2017
12:54
vitec: I think the sell off is overdone but the MM's are finding plenty of sellers. I think PI's are now of the opinion that all of the news is now out and that it is going to take months before the next positive news with the share price reacting accordingly. This position maybe right but I am bitterly disappointed that we are virtually back to square one in where the share price is. This is the effect that YA has on companies share price. I haven't sold and I certainly don't intend to at this price. I thought (maybe naively)that 1p was to cheap but I am still of the firm opinion that all of the ducks are being lined up and that the share price will react to the future newsflow in a positive manner. Negative sentiment usually means a big sell off and exuberance usually means the share price races ahead. The truth is it should settle somewhere in between. PREM has had large spikes in the past only to fall back. I believe I have written about this a few times in the past but I remain positive as the assets are all in situ, nothing there has changed, the only thing has changed in people's perception of where we are today
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