Premier African Minerals Share Price (PREM)

Share Name Share Symbol Market Type Share ISIN Share Description
Premier African Minerals Limited LSE:PREM London Ordinary Share VGG7223M1005 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.0075 -5.77% 0.1225 180,081,859 16:12:49
Bid Price Offer Price High Price Low Price Open Price
0.12 0.125 0.1325 0.1225 0.13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.13 -6.08 -0.08 10
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:14 O 2,000,000 0.1244 GBX
Related Shares
Rio Tinto (RIO), Bhp (BHP), Mila Resources (MILA), African Battery Metals (ABM)

Premier African Minerals (PREM) Latest News

Premier African Minerals News

Date Time Source Headline
04/12/201914:28ALNCPremier African Converts Loan Into 10% Equity Stake In Otjozondu Mine
04/12/201907:46ALNCFAlliance News Flash Headline
04/12/201907:01UKREGPremier African Minerals Limited Direct Interest in MN Holdings Limited
11/11/201912:30UKREGPremier African Minerals Limited Holding(s) in Company
11/11/201911:05UKREGPremier African Minerals Limited Second Price Monitoring Extn
11/11/201911:00UKREGPremier African Minerals Limited Price Monitoring Extension
28/10/201910:00UKREGPremier African Minerals Limited Holding(s) in Company
14/10/201913:05UKREGPremier African Minerals Limited Second Price Monitoring Extn
14/10/201913:00UKREGPremier African Minerals Limited Price Monitoring Extension
08/10/201906:00UKREGPremier African Minerals Limited Holding(s) in Company
More Premier African Minerals News
Premier African Minerals Takeover Rumours

Premier African Minerals (PREM) Discussions and Chat

Premier African Minerals Forums and Chat

Date Time Title Posts
08/12/201923:58Premier African Lithum/Tantulum/Tungsten13,462
22/11/201916:19Beware 800m shs to be issued110
15/10/201911:37PREM PREDICTION LEAGUE 2017/2018265
15/10/201910:33LSE will never let me back13
15/10/201910:26The epic spiral of losses curtesy of George Roach24

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Premier African Minerals (PREM) Top Chat Posts

DateSubject
08/12/2019
08:20		Premier African Minerals Daily Update: Premier African Minerals Limited is listed in the Mining sector of the London Stock Exchange with ticker PREM. The last closing price for Premier African Minerals was 0.13p.
Premier African Minerals Limited has a 4 week average price of 0.11p and a 12 week average price of 0.02p.
The 1 year high share price is 0.20p while the 1 year low share price is currently 0.02p.
There are currently 7,990,110,150 shares in issue and the average daily traded volume is 175,718,386 shares. The market capitalisation of Premier African Minerals Limited is £9,787,884.93.
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03/11/2019
23:39		doctor 69: Oilisgold , that is so correct . The news article had nothing to do with coming from prem , it was the mine minister .So let the fun begin next week It is sobering to think whAt will the market cap be when eventually lithium comes out the ground . A lot on here will be millionaires if they hold on through the rising share price
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25/10/2019
17:49		doctor 69: Why I have increased my holding is because I am looking beyond epo . The epo opens the way to massive riches .1. Zulu deal linked to it 2. Mnh deal linked to market cap linked to share price linked to epo success The above two give prem cash to work with . 3. Rha will also be profitable .The market is focused on epo and not what will be the situation in say three to four months . If you have a company earning £10 m a year with merging and cash flow , market cap will be £100 m
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20/10/2019
08:15		andrewsr: I'm not sure about the economics of the carbonate option, but it's likely to have suffered from similar price reductions for the end product. It would be interesting to see an up-dated summary of the scoping study. I think it's possible OM or their parent company may back into Premier just for their plc status, board links and other projects, but not necessarily related to the EPO. IMHO the share price may get a boost from confirmation of the EPO, but I can't see a major getting involved at this stage. It's maybe something to keep ticking over in the hope that spodumene/carbonate prices improve. Still, Circum is due and RHA is looking promising. So maybe it will all come good in November/December for all 3 projects.
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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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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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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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