If you stay out, there's a risk of missing the boat and if you stay in, there's a chances results are not as expected and things tank. Even with Warrants why exercise them now before results. Why not wait. Things ain't making sense here.
I'm holding first of all, but I'm noticing there is chunks of sell off of 500,000 since after the holidays. This tells me that someone knows the assays are poor and as expected. Yes we might be financially liquid but something telling me we're in for a drop to pre penny. I'm gonna stay put though but if I sell, it's gonna be at a loss
Premier African Minerals - Quick Summary (June 2025)
1. Raised New Money
Premier raised £1.575 million by selling new shares at a very low price (0.012p each) to fund work at their Zulu Lithium and Tantalum Project in Zimbabwe.
2. Paying Off Contractors
They also paid off $1.1 million (£740k) in contractor bills by giving those contractors more company shares instead of cash.
3. What the Money’s For
The money will go towards:
Improving performance of their main lithium processing plant.
Building a backup plant in case the main one doesn’t perform.
Paying some debts and ongoing costs.
4. Progress & Timeline
Work is on track and within budget.
If the upgrades work well, big negotiations (including with a FTSE100 company) will resume in July or August 2025.
5. Other Updates
Premier is also exploring ways to:
Sort ore more efficiently.
Extract other valuable minerals like high-purity quartz and tantalite (for tantalum).
6. New Shares Issued
In total, they are creating 19.3 billion new shares.
These will start trading on the AIM stock market around 17 June 2025.
7. Total Company Shares Now
After this, Premier will have about 70.3 billion shares in total.
8. Final Notes
Premier’s long-term aim is to make Zulu a profitable multi-mineral mine, not just for lithium.
Keep in mind: many things still depend on plant performance, market conditions, and further agreements.
10,000 would be lovely 100,000 boepd - wicked 1,000,000 omg 10,000,000 we need a bigger rig 1,000,0000,000 boepd OK, this is ludicrously insane 10,000,000,000 cuckoo cuckoo cuckoo