Premier African Minerals Share Price (PREM)

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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
  0.0025 3.57% 0.0725 86,553,511 15:46:25
Bid Price Offer Price High Price Low Price Open Price
0.07 0.075 0.0725 0.0675 0.07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.13 -6.08 -0.08 9
Last Trade Time Trade Type Trade Size Trade Price Currency
16:43:00 O 5,000 0.075 GBX
Related Shares
Rio Tinto (RIO), Bhp (BHP), Mila Resources (MILA), African Battery Metals (ABM)

Premier African Minerals (PREM) Latest News (1)

Premier African Minerals News

Date Time Source Headline
14/8/202018:00UKREGPremier African Minerals Limited Total Voting Rights
11/8/202018:23ALNCPremier African Minerals Issues Further Shares For Investment Deal
11/8/202017:08ALNCFAlliance News Flash Headline
11/8/202017:06UKREGPremier African Minerals Limited Director/PDMR Shareholding
11/8/202017:01UKREGPremier African Minerals Limited Conversion of Investment Agreement
30/7/202017:34ALNCUK DIRECTOR DEALINGS SUMMARY: AO World CEO Raises Holding To 23%
30/7/202007:00UKREGPremier African Minerals Limited Conversion of Loan
29/7/202016:41UKREGPremier African Minerals Limited Second Price Monitoring Extn
29/7/202016:35UKREGPremier African Minerals Limited Price Monitoring Extension
29/7/202014:05UKREGPremier African Minerals Limited Second Price Monitoring Extn
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
13/8/202020:51Premier African Lithum/Tantulum/Tungsten15,353
02/6/202017:18Beware 800m shs to be issued114
15/10/201912:37PREM PREDICTION LEAGUE 2017/2018265
15/10/201911:33LSE will never let me back13
15/10/201911:26The epic spiral of losses curtesy of George Roach24

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Premier African Minerals (PREM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-14 15:43:000.085,0003.75O
2020-08-14 15:42:350.0820,00015.00O
2020-08-14 15:34:110.072,7681.94O
2020-08-14 15:34:060.0780,00056.00O
2020-08-14 15:28:110.0755,34438.74O
View all Premier African Minerals trades in real-time

Premier African Minerals (PREM) Top Chat Posts

DateSubject
14/8/2020
09:20		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 0.07p.
Premier African Minerals Limited has a 4 week average price of 0.07p and a 12 week average price of 0.07p.
The 1 year high share price is 0.20p while the 1 year low share price is currently 0.02p.
There are currently 12,366,617,674 shares in issue and the average daily traded volume is 126,080,177 shares. The market capitalisation of Premier African Minerals Limited is £8,965,797.81.
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02/7/2020
11:45		doctor 69: Valhal ,I got June wrong for epo and my share price prediction . I will therefore leave this board until the epo arrives next week
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04/6/2020
13:44		al_theriot: Valhalla I’m new to this game. Just to clarify are we expecting the share price to rise or fall after the AGM? I’m new with the lingo too, forgive me. Thanks
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12/5/2020
12:53		vitec: What recovery? Roach is wholly dependant on the Zim government and a Circum liquidity event. MNH is a distraction. I can see the merits but we have to suffer yet more dilution. Has anyone thought this is just momentum buying and manipulation of the share price ahead of the SGM? That is the easy way to placate shareholders when they see the sgare price rising. How many times has Roach promised no more dilution. He cannot help himself. This company is run like a personal ffiefdom and not for the benefit of shareholders.
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07/1/2020
18:11		oilisgold: With this share, there is news normally expected every day. GR will only release news closer to a placing. Its how he works. The positive about PREM.is , the share price is soo low, so it can do 50% rise easily in few hours. Even a 100% increase now will only take us to 0.16p. Those that bout close to 0.2p recently, are probably thinking " we got spiked". share price was doing nicely untill we got the open offer. Well done GR.
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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
12:39		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
14:03		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
13:51		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
11:13		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
19:36		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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