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
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  -0.003 -0.53% 0.567 209,010,910 16:35:22
Bid Price Offer Price High Price Low Price Open Price
0.55 0.57 0.57 0.545 0.57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.70 0.01 68.2 110
Last Trade Time Trade Type Trade Size Trade Price Currency
16:40:00 O 104,039 0.55 GBX
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Bhp (BHP), Rio Tinto (RIO), Shefa Gems (SEFA), African Battery Metals (ABM)

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30/1/202314:23ALNCNewsTRADING UPDATES: Empire Metals confirms copper; Mosman hails progress
30/1/202307:00UKREGPremier African Minerals Limited Zulu Assay Results and Pilot Plant Update
09/1/202314:00UKREGPremier African Minerals Limited Result of AGM
23/12/202207:00UKREGPremier African Minerals Limited Notice of AGM
20/12/202219:09ALNCNewsTRADING UPDATES: Egdon to buy Aurora Production UK; Mila finds gold
20/12/202208:00UKREGPremier African Minerals Limited Zulu Assay Results and Pilot Plant Update
20/10/202220:56ALNCNewsTRADING UPDATES: Fiske swings to loss; Nanoco sees loss widen
20/10/202206:00UKREGPremier African Minerals Limited Zulu Assay Results and Pilot Plant Update
30/9/202220:57ALNCNewsEARNINGS UPDATES: Ross Group, Goldstone, Caerus interim loss widens
30/9/202206:00UKREGPremier African Minerals Limited Half-year Report
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Date Time Title Posts
06/2/202312:09Welcome to AIM listed Premier African Minerals4,708
29/12/202215:09Premier African Lithum/Tantulum/Tungsten23,537
30/3/202219:44Share Price11
22/2/202216:56YouTube price 4
07/2/202214:55PREMIER AFRICAN MINERALS 7

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Premier African Minerals (PREM) Top Chat Posts

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Posted at 27/4/2022 12:27 by jlondon
An article recently from Zimbabwe mentioned that Suzhou are taking an active role in the DFS. This is logical and reasonable given they have a director on the board who is an experienced Geologist.

PREM ZULU DFS
Expected end of year. Cant say whether there will be delay or not as norm.

DRILLING
Short video shown today of drill rig moving to drill new area.
Yesterday, short video from the manager giving details of how its going etc.
Tomorrow, George Roach will give an interview with Q & A on Stockbox along with 2 other co's.

JORC
The Zulu JORC is 20Mt which was the same as Atlantic's resource JORC before they recently upgraded it to 30Mt. At the time of the Piedmont JV, it was only 20Mt at Atlantic. Atlantic has NO PFS, DFS etc but the share price today is 54.9p with a MKT CAP OF £314 Million vs £65m area for PREM @0.29p mid.

WILL GEORGE SELL OR WILL IT BE A JV
Whilst Souzou has 13% stake in PREM, it cannot be envisaged that PREM will become the operator of the mine with 51% share. Why? At best, its 50% 50% like Piedmont/Atlantic but NEVER 51%.

Once DFS is completed say, negotiations could have started because no one waits to the last min for discussion etc. So, when will the discussion start?
Not sure but the RNS did say that it is factored in ie further negotiations with Suzhou?

Wed, 27 Apr 2022.
Just on the ZULU CURRENT JORC ITSELF SPEAKS FOR ITSELF given that 20Mt sufficed for
Piedmont to do a deal as it also attracted Suzhou to PREM's Zulu lithium project, Zimbabwe.

DYOR. Just a discussion.
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Posted at 22/4/2022 10:36 by jlondon
PREM share price 0.27/0.29 +3.45%. Fri, 22 Apr 2022 [HL]
Live price to sell: 0.2755p and to buy 0.282p.

Day 2 of green ie UP. Yesterday, PREM was up 6.45% region.

LoL, naysayers now not successful in their naying due to factual of Zulu Lithium project with Suzhou as 13% shareholder and off-taker for 50%.

P.S. I forgot to mention that Suzhou is Global Lithium LARGEST shareholder.
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Posted at 22/4/2022 09:03 by jlondon
Lithium Spodumene latest price US$5,750 [Fastmarket @14.4.22]
https://twitter.com/HC_Haplo/status/1517414471198674944

That is a hefty price for spodumene of which PREM's cost is in the region of $800 from recall. I will re-check later.

Valhall2017 #23148 - please kindly note that there is NO SUCH EMAIL as siteinfo@zuluisthebestandsoisgeorge.zim LoL - so you acknowledge all the info you provided is not correct??

GLOBAL LITHIUM
Suzhou [same cornerstone investor as PREM] has taken a 9.9% stake in this ASX co, NOTE MKT CAP A$300 million per StockheadAU recently. SIZE OF DEPOSIT? 9.9Mt @1.1% li20 vs PREM 20Mt Li20, Mkt Cap <$50m. PREM has a 50% off-take with Suzhou vs Global Lithium 10 yr off-take. SO VALUE WILL OUT? Suzhou is getting value in that they invested £12m for a 13% stake @ 0.4p [currenty share price is 0.27p average] + 50% off-take.

GEORGE ROACH INTERVIEW
George will be doing a STOCKBOX PREMIERE on 28.4.22 between 7pm-9pm.
with Q & A as well. So, more details to come.


Fri, 22 Apr 2022.
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Posted at 21/4/2022 11:08 by jlondon
All this de-ramping you would think the price was 0.2 and not 0.27/8.
[Answer]

LoL - Market forces ie investors [bears and bulls] are at force
= 1 sell, 1 buy.

As they say, value will out.

Or the Mis-pricing gap will close.

101 market theory and is evidenced by Atlantic Lithium etc with terrific mkt cap of over £300m and others in that same league with similar JORC's to PREM [Atlantic upgrade JORC from 20Mt [same as PREM] to 30Mt.

Thur, 21 Apr 2022

I note that 1 chap has told SHAREBEL that they DONT want positive views on PREM or rather more accurately any of the factual deposit etc details as norm.

Appears the same on this forum. But the share price of PREM is now +6.49% rather than down , so BULLS winning over BEARS. LoL.
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Posted at 21/4/2022 10:09 by jlondon
AllenQatermain #23123 21.4.22
It was NOT claimed that the big sells were buys. Commented on 1 trade yesterday at nearly closing time that was a buy.

The rest of the posting is about the success of traders - George said bulletin boys relating to the share price. So, for the avoidance of doubt.

For every seller, there is a buyer as norm. Today, as such the share price of PREM has RISEN and the prediction or rather wishful thinking [?] that the share price will go to 0.25p etc has NOT materialise due to George, rather than the deposit.
Others are looking at the deposit, rather than George given Suzhou are now a board member and said to be taking an "active role" in the DFS.
--
PREM & SUZHOU
Suzhou invested £12m for a 13% region stake as well as a 50% off-taker for Zulu Lithium's spodumene in Zim. Suzhou invested at 0.4p.

GLOBAL LITHIUM & SUZHOU
Stockhead AU last night tweeted and wrote an article about which ASX lithium stock that is now capitalised at A$300m that will be the next A$1bn cap.

Among the 6 named, Global Lithium was mentioned at a A$350m mkt cap.
Global Lithium also has Suzhou as the LARGEST SHAREHOLDER at 9.4% invested as well as 10 years of off-take.

SIZE OF DEPOSIT: 9.9Mt at 1.14% Li20.

PREM
Mkt Cap £50m currently [approx] with 20 Mt Li20 deposit at Zulu = DOUBLE the size of Global Lithium but nearly 1/3 less mkt cap.

So, no wonder Suzhou see value.

Title: "BATTLE TO A BILLY -which ASX stock will be the next to hit $1bn mkt cap."
StockheadAu 20.4.22 at https://twitter.com/StockheadAU/status/1516918717417992193

~~On the London South East PREM, that was also pointed out about the Zulu lithium deposit rather than George. So investors selling and investors buying, hence today the price is UP, NOT DOWN. LoL, the George ...is NOT working as it appears today.
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Posted at 20/4/2022 17:22 by jlondon
I have been for the 3rd time on London South East and nada.
If there is, then as I said, the nay nay people have been wildly successful but only in this life.

At least I can answer and meet my maker on this issue of posting with integrity.

On PREM alone relating to the Zulu Lithium project, Suzhou a billion$ co has taken a cornerstone stake of some 13% in PREM based on a PREMIUM at 0.4p. Also, they are an OFF-TAKER for 50% of the spodumene at now record prices close to US$6,000/t. Elon Musk has said the prices are "insane" re: lithium.

In the PREM RNS on the Suzhou investment, it was said Suzhou has long term off-take agreement with billion$ Australian co's like Pilbara Minerals and AVZ etc. Also, owns a majority share in another billion$ chinese lithium producer.

According to City of London metholodolgy, this is the INITIAL DE-RISKING EVENT and should be re-rating NOT derating. So, how come this is happening?

Simple, concentrate on the past - as said almost every co does not hit success on their 1st project - look at Solgold with Qld copper project, gold also in Qld, Solomon Islands [plural] etc. Mather wanted to do a placing at 2p but the financiers would NOT pass it so it went for less. Cant blame them, so many placings and if all went for a premium and not discounted, they would be running a losing business. Question: would anyone puts savings into a start-up or junior explorer at the early stages without discount of a more steep nature?

Atlantic Lithium is officially in a BID SITUATION based ONLY ON JORC JUST LIKE WHAT PREM has. They have not GOT PAST JORC and PREM's deposit is the SAME AS ATLANTIC at 20mt. However, Atlantic just upgraded to 30Mt after more drilling and that is what PREM is trying to do as George said he wants to get a bit more value.

George's official speak in a public interview is that it is DOWN TO THE BULLETIN BOYS. So, if anyone goes to the ...., then that is what George's official reply will be.

Recall another CEO/Chairman who said the same ting -SHARE PRICE DEPENDS ON YOU GUYS.

So, if there are such sales, then all the naying ignoring some basic facts has worked. Yes, No?

A.Bell has applied for Zim licences and he said in a interview that the CHINESE have in 4 months been taking dominance etc in Zim lithium project and he mentioned the $400m takeover which will be the Acadia project, also taken over by the Chinese majors Houyou.

All simple to understand. I have been a long time watching bulletin boards and no longer a newbie so I have heard it all before. I concentrate on the deposit, size, capex, industry and area jurisdiction etc to form as much due diligence as I can. A/c to Zim News, the Chinese are taking an active role in the DFS and they have a board seat so not all down to George but I cannot verify with the Suzhou people as I am an ordinary pi.
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Posted at 20/4/2022 15:01 by jlondon
Hope the nay folks dont get upset with me to provide balance.
I dont want to buy shares at the expense of people's toil.


Look at Atlantic Lithium -started with iron ore in Africa which were good but too high a cost price for extraction with one being a bit far in. Then, there were Queensland projects for different minerals. Then, there was gold exploration in Cote d'Ivoire and Chad.

Biggest success-lithium in Ghana now JV with Piedmont. Just one of those things.
Only the big deposits with the type of attraction that majors are looking for will be
sought after. Well, all the other projects are now sold off, licences not renewed or spun off.

At one time, the placing went down to 4p or that mark although the IPO was into the 18p+ region.

Same gribes but now sunshine after so many years. No one with $$ will do a placing for a premium unless it is a cornerstone investor. Others financiers all want discounted placings and norm.

So, for George, Zulu is the one the Chinese Suzhou is interested in and not the rest of the other projects.

That's life. Even for GGP, there's grips about the old CEO who brought the Havieron discovery to life and as well as the current CEO. One sees the same type of comments for most if not all CEO's and they all run on the same lines.

Old-timers have heard it all before and therefore one concentrates on the project/mineral. One cant do due diligence by going out to Zim so one has to depend to a tiny extent that £12m talks?

On the other forum, NEW people have entered to post ....as the share price has reached this point. George cant want the share price down as he will be worth so much less surely?

DYOR. Wed, 20 Apr 2022.
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Posted at 20/4/2022 13:32 by jlondon
A bit of news in answer to comments elsewhere on PREM:

[1] George NOT communicating per other forum.
Recently, George spoke to Mining Weekly or akin to that. I saw it before PREM posted it on their website. George also spoke and speaks to Zimbabwe News. The former said no need to return to capital markets for the lithium project given SUZHOU has just given £12m to PREM @0.4p to do the DFS. Per Zimbabwe News [kindly check], George or the article said that the CHINESE are "actively" managing the DFS. Sounds reasonable given Suzhou has a director on the board now and he is a Geo with extensive experience in the lithium field.

[2] Share price LOW. How can it now be if posts say its going to X and Y.
Investment bankers for Suzhou and review by PREM's advisors that 0.4p is fair value.

[3] Cheap takeover?
Per the BCN case, one can read on the forum that posters said traders kept on selling and by the time the takeover came, it was a premium on a lowly price.
That was the BCN case.

[4] Atlantic Lithium - on the stockbroker page for this Ghana lithium explorer, it says BID SITUATION. The mkt cap is OVER £300m. After the JV with Piedmont for 50%, bids have come in. NO PFS/FS OR DFS, only JORC like PREM currently.
Recently, the JORC was upgraded from 20Mt to 30Mt.
PREM's Zulu has a JORC of 20Mt.

[5] Chinese competency
They run the biggest lithium processing plants in the world + for spod/off-takes and no one has commented like a few folks to talk about competency?

[6] CEO
No off-taker or JV partner or CORNERSTONE INVESTOR is reading about the CEO.
They do DUE DILIGENCE on the ground by visiting the core warehouse, site inspection and assays. So, its the LITHIUM DEPOSIT they are interested in ie they do CHECK.

[7] When and if the naysayers are successful about tis and dat and the share price reaches 0.2p AS IF SUZHOU ,cornerstone investor and off-taker had not arrived or de-risked in part [of parts to come], then I am sure THE RUSH TO GET IN.

After all, if its tis and dat, NO PRICE NO MATTER HOW LOW WILL JUSTIFY an investment or speculation SURELY?

All logical and reasonable. Some say, why buy now, its falling, falling - this is the same for all shares from the nay people but I find that shares do NOT reach the desired price.

Just a discussion. I have gone to many forums and I see the SAME trend of thought.
Same for Atlantic Lithium at one time even.

LoL. Wed, 20 Apr 2022.
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Posted at 08/3/2022 20:29 by jlondon
George Roach has just done a short interview on Twitter PREM post PREM RNS today at 5.01pm, Tues, 8 Mar 2022.

He said it was done at a "fair price" and PREMIUM to today's share price AND at a premium to the time of the negotiations.

It is NOT a placing. It is a "SUBSCRIPTION" by Sozhou for a 13.38% STAKE in PREM.

It was NEVER a JV as the PREM RNS's [2] said DIRECT INVESTMENT STAKE.

George will give an interview tomorrow with more details but he said 50% of the off-take is committed.

George also said FURTHER NEGOTIATIONS etc - have a listen.

So, there was NEVER A PLACING in the pure sense from private investors.

The subscriptions is a 30% PREMIUM to today's share price closing of 0.31p at £59.6 Million.

Question: Why would Souhou sell their stake given down the line there appears to be further negotiations but George did not specify today whether this is still with Sozhou?
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Posted at 08/3/2022 17:16 by tomboyb
Premier African Min
Zulu Lithium DFS Funding

RNS Number : 0567E
Premier African Minerals Limited
08 March 2022

8 March 2022

Premier African Minerals Limited



Zulu Lithium DFS Funding

Premier African Minerals Limited ("Premier" or the "Company"), is pleased to announce a conditional subscription for new ordinary shares by Suzhou TA&A Ultra Clean Technology Co., Ltd ("Suzhou TA&A") to raise £12 million before expenses at an issue price of 0.4 pence per new ordinary share for the ongoing DFS at Premier's Zulu Lithium and Tantalum Project ("Zulu") (the "Subscription").



Highlights:

·

The Subscription fully funds the completion of DFS underway at Zulu.

·

Suzhou TA&A is listed on the Shenzhen Stock Exchange (SZSE: 300390) and has a market capitalisation of ¥42.9 Billion (£5.1billion).

·

The Subscription agreement affords Suzhou TA&A additional rights set out below, including a right to negotiate their future involvement and/or investment in support of the Company.

·

Premier anticipates active involvement and expertise from Suzhou TA&A in the development of the DFS.


George Roach, CEO commented , "I am delighted to accept this Subscription from Suzhou TA&A, and particularly that this makes available to Premier a wealth of expertise in this industry whilst aligning future offtake and mine development with Yibin Tianyi Lithium Industry Co., Ltd. , a major producer of Lithium Hydroxides, financier and take-off partner for the Manono Lithium and Tin project and who have completed long term spodumene off-take agreements with Pilbara Minerals Limited.

I look forward to welcoming a new board member who will be nominated by Suzhou TA&A and active involvement from Suzhou TA&A in our DFS, particularly in the area of test work and flow sheet development.

Developments within the lithium industry have been at so rapid a pace, that it is often difficult to ascertain and agree value. This Subscription that results in Suzhou TA&A holding an important stake in Premier, affords our shareholders (including Suzhou TA&A) with the opportunity to accelerate the DFS and at the same time negotiate an equitable path to future development. The Subscription also allows Premier to be in control of its own destiny and affords an opportunity to develop downstream beneficiation of spodumene through the retention of not less than 50 per cent of the off-take rights to production from a future mine."

Subscription Agreement



On 7 March 2022, Premier and Suzhou TA&A entered into a Subscription Agreement (together the "Parties"). Suzhou TA&A has conditionally agreed to subscribe £12 million before expenses for 3,000,000,000 new ordinary shares ("Subscription Shares") at an issue price of 0.4 pence within 15 business days following the entering into of the Subscription Agreement, to acquire a direct interest of 13.38 per cent in the enlarged issued share capital of Premier following completion of the Subscription.

The Parties have further agreed that Suzhou TA&A will, following the Subscription, be awarded the following:

i. Exclusive offtake rights on commercial terms to the marketing and sale of 50 per cent of all spodumene produced at Zulu ("Offtake Rights");

ii. An irrevocable right of first refusal for 180 days from the date of the Subscription to match any further equity or loan related funding that is contemplated by Premier, in particular any deal relating to Zulu, on terms no worse than those offered by another potential investor;

iii. A right of participation in any future funding so as to maintain Suzhou TA&A's shareholding of 13.38 per cent in Premier at all times; and

iv. A right to appoint one director to serve on the boards of Premier, Zulu Lithium Mauritius Limited, and Zulu Lithium (Private) Limited ("Board Appointment").

The Parties have agreed that should Suzhou TA&A elect to reduce its overall shareholding in Premier, then its Offtake Rights will be reduced in direct proportion to its remaining shareholding in Premier. Suzhou TA&A's Board Appointment will remain in place for as long as Suzhou TA&A holds 10 per cent. of the enlarged issued share capital of Premier.

Conditions Precedent

Completion of the Subscription is conditional on the following:

i. Within 15 Business Days of the date of the Subscription, written confirmation that Suzhou TA&A has received all applicable outbound direct investment approvals and/or registrations from and/or with competent Chinese administrative authorities with respect to the Subscription (" Regulatory Approvals "); and

ii. Each of the standard warranties for a transaction of this type as set out in the Subscription agreement being true and accurate as at the payment date .

In addition, Suzhou TA&A has agreed to make a non-refundable deposit of £1.2 million to Premier within 5 Business Days of the signing of the Subscription while the Regulatory Approvals are obtained ("Deposit"). The Deposit will be offset against the remaining proceeds of the Subscription following completion of the Conditions Precedent or retained by Premier in the event that the Regulatory Approvals are not received.

Premier has agreed to use the net proceeds of the Subscription, primarily, subject to the reasonable general working capital requirements of the Company, for the purposes of funding the lithium and tantalum exploration and exploitation activities of Zulu.

About Suzhou TA&A Ultra Clean Technology Co., LTD.

Suzhou TA&A is listed on the Shenzhen Stock Exchange under the ticker 300390 and holds considerable investments in the lithium sector. Suzhou TA&A is the largest investor (75 per cent holding) in lithium hydroxide producer Yibin Tianyi Lithium Industry Co., Ltd . , together with China's largest EV battery manufacturer Contemporary Amperex Technology. Yibin Tianyi Lithium Industry Co., Ltd. objective is to become one of the largest lithium hydroxide producers in the world.
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