RE: RNS8 Jul 2024 16:33
Raaydaar
There must be a plan for finance that we are currently unaware of.
This is an extract from the accounts:
The Directors have prepared a cash flow forecasts for the 18-month period ended 31 December 2025, taking into account the number of shares available to Premier to raise further equity, forecast operating cash flow and capital expenditure requirements for the Zulu Mine, available working capital and forecast expenditure for the rest of the Group including overheads and other development costs. These key assumptions of this forecast are, inter alia:
The Group
During 2023 the Group issued 4,216,446,124 shares at an average price of 0.4455p per share raising a total of $18.786 million. This cash was used to continue with the commission and development work at Zulu mine.
• Premier has obtained support from its offtake and prepayment partner allowing Premier to pursue alternative funding avenues.
• The calling of a Special General Meeting to increase the number of shares free from pre-emptive rights by no more than 2 billion.
We will have to wait.
Acker