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Pin to quick picksPremier African Minerals Share News (PREM)

Share Price Information for Premier African Minerals (PREM)

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Share Price: 0.154
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AIM WINNERS & LOSERS: Morocco drops main Sound Energy tax charge

Fri, 06th Aug 2021 10:41

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Sound Energy PLC, up 15% at 1.90 pence, 12-month range 1.11p-3.65p. Moroccan-focused upstream gas company notes re-assessment of Moroccan taxes by tax administration. Welcomes dropping of main tax charge against subsidiary Sound Energy Morocco East Ltd but remains "of the strong opinion" that the remaining charges have been wrongly interpreted by the Moroccan Tax Administration. "The company, together with its advisors, continues to seek to engage constructively with the authorities," it says.

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Brave Bison Group PLC, up 8.2% at 1.84p, 12-month range 0.85p-2p. The social media and marketing firm swings to interim profit of GBP172,000, from a GBP1.4 million loss a year before. "Our group continues to be profitable on a month-by-month basis and has now been cash generative in two consecutive half year periods," says Executive Chair Oliver Green.

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AIM - LOSERS

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Premier African Minerals Ltd, down 9.1% at 0.209p, 12-month range 0.04p-0.49p. Says surge in Covid-19 cases causing delays with drill programme at Zulu lithium project in Zimbabwe. However, it remains on track with plans to prepare Zulu's definitive feasibility study in line with previously reported timelines. "Surging Covid-19 in the SADC region is not helping at Zulu where travel and other restrictions are impacting the drilling programme. Despite this, the rigs continue to operate and our lab equipment is now only awaiting import clearance to Zimbabwe," says Chief Executive George Roach.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
25 May 2023 12:23

IN BRIEF: Premier African shares down as process plant commissioned

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Says its process plant at Zulu lithium and tantalum project is now fully commissioned. The supplier has advised Premier African that the milling and sizing component of the plant requires certain limited modifications to allow for full optimisation to design capacity throughput. It now expects the first spodumene shipments in June, and final optimisation in the fourth quarter of 2023 following plant modifications.

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25 May 2023 11:22

AIM WINNERS & LOSERS: Premier African Minerals slides on project delay

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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19 May 2023 15:57

Premier African Minerals raises another £0.61m through placing

(Sharecast News) - Premier African Minerals announced a further placing to raise £0.61m before expenses on Friday, for the ongoing Zulu lithium and tantalum project's pilot plant optimisation.

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19 May 2023 09:38

IN BRIEF: Premier African Minerals placing raises extra Zulu funds

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Announces further placing of 65.9 million shares at 0.925 pence each to raise GBP610,000. Chief Executive Officer George Roach has subscribed for 11.9 million shares at the placing price for GBP110,000 in total. Premier African will apply for shares' admission to trading on AIM, expected to take place on or around Thursday next week. Update follows company's original announcement on Monday of placing to raise GBP1.8 million before expenses at 0.925p per share. Premier African says proceeds will fund pilot plant optimisation for its ongoing Zulu lithium and tantalum project in Zimbabwe. Company also reported on Monday that the plant was producing concentrate from both the spodumene and mica flotation circuits. Placing was made via CMC Markets PLC which Premier African today has appointed as joint broker.

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15 May 2023 17:26

TRADING UPDATES: FRP Advisory eyes revenue ahead of expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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27 Apr 2023 21:44

IN BRIEF: Premier African Minerals says Zulu project work continues

Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Says Zulu lithium and tantalum project asset optimisation work continues in Zimbabwe, alongside open pit mining operations. Says the plant has demonstrated its ability to float mica/lepidolite rich concentrates and spodumene. Says it finds less weathered ore than anticipated, although ore body in line with internal geological mining model. Says ore body adds confidence to future operating guidance. Says cashflow is constrained at Zulu, although this is expected to be short term. Says it will implement applicable financing measures to deal with this in the lead up to first revenues from sale of concentrates in the coming weeks.

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12 Apr 2023 18:20

TRADING UPDATES: Enwell Energy offices searched, Trinity confirms fire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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3 Apr 2023 16:00

Premier African Minerals sees shares fall on spodumene reagent delay

(Alliance News) - Premier African Minerals Ltd on Monday bemoaned production delays at its Zulu lithium and tantalum project in Zimbabwe.

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29 Mar 2023 14:30

TRADING UPDATES: LoopUp eyes annual revenue to ahead of market view

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday not separately reported by Alliance News:

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27 Feb 2023 19:42

TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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21 Feb 2023 18:53

TRADING UPDATES: Star Phoenix loss narrows but Petra's widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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30 Jan 2023 14:23

TRADING UPDATES: Empire Metals confirms copper; Mosman hails progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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20 Dec 2022 19:09

TRADING UPDATES: Egdon to buy Aurora Production UK; Mila finds gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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20 Oct 2022 21:56

TRADING UPDATES: Fiske swings to loss; Nanoco sees loss widen

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Sep 2022 21:57

EARNINGS UPDATES: Ross Group, Goldstone, Caerus interim loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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