RE: The simple maths test, can US$13.4 million realistically be raised at market16 Feb 2026 18:42
NoAdvices
From the same source:
I have covered Premier African Minerals (LON: PREM) more times than I can count, across a half-dozen publishers since mid-2019. Until recently, I have been looking solely at PREM’s progress and milestones, which have certainly been impressive.
It’s worth noting that the company has gone from undeveloped bush to pilot plant in the space of a year — by industry standards this is practically unheard of.
And to be clear, there are many more RNSs to potentially report on through 2023, though these do seem more like exercises in tick-boxing as production brings the rewards closer.
These include, but are not limited to, confirmation that the ‘pilot’ plant has commenced production, the first sale from Zulu, the first receipt from Zulu, further assay results, output increases, news on a second plant, pilot plant optimization, solar energy plans, approval of its mining licence application for the wider EPO…
Further catalysts are pretty much endless. Unlike other favourites such as #HARL, #AVCT, or #BOIL, production is set to begin shortly, so there is a huge amount of information to convey to shareholders in the near term.
The other three have now confirmed their potential, so in those cases, regardless of share price movement, it’s simply a case of sitting tight and waiting out the dips, no matter how hard that may be.
PREM shares are now riding high at 0.94p, having risen by a third in the past few days alone. The lithium explorer — soon to be producer — now has a market cap of over £200 million. And while profit-taking and the usual AIM nervousness means volatility may be inbound, further rises may be coming down the pipeline.
Acker
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