Member Info for nidgeyr

Interestingly no statement concerning their future plans in RNS?
Do they have the funds available for another drill?
If they do when will this be scheduled for?

Dropportunity?

Or maybe Chuggely GR wrote it that way to achieve the exact reaction as it did

Morning all,
What strikes me about yesterdays RNS was that it was more or less focussed on RHA and not Zulu. For Zulu - "The drilling programme has commenced at Zulu and, despite delays caused by increasing Covid-19 infections in Zimbabwe and Government action in controlling the spread of the virus, the Company remains on track with its plans to prepare Zulu's Definitive Feasibility Study in line with previously reported timelines. " also " drills and not drill"
GR also comments that "Premier has resolved not to commit further funding to RHA, the new funding would need to be provided by a third party (being either the National Indigenisation, and Economic Empowerment Fund ("NIEEF") or another party)."
As everyone's interest is in Zulu and not RHA the two appear to have been combined to create negativity to cause the price to react in the way it did.
Comments from a number of posters appear to be trying to generate more negativity in an attempt to potentially drive the price lower - to allow them an entry point?
Lithium price is at all time high, GR has a significant shareholding - he would be mad not to get the DFS finalised as quickly as possible?
Thoughts?

Snowking - Chinese whispers?

Steward1 - Shhhhhhhh!

Is news incoming about the signing of the JV?

LittleCrumbs - here you go - https://kalkinemedia.com/uk/stocks/penny/5-aim-listed-penny-stocks-that-have-rallied-more-than-100-so-far-in-2021

Jackie, Snowking - whispers appear to be true!

Levs -

Thu, 3rd Jun 2021 07:00

RNS Number : 6518A
Premier African Minerals Limited
03 June 2021

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

For immediate release



3 June 2021

Premier African Minerals Limited



Placing and Funding of Zulu DFS Drilling Programme



The Board of Premier African Minerals Limited ("Premier" or the "Company") is pleased to announce a placing today to raise £1,000,000 before expenses at an issue price of 0.16 pence per new ordinary share for the ongoing Definitive Feasibility Study ("DFS") at the Company's Zulu Lithium project in Zimbabwe ("Zulu").

George Roach, CEO commented: "The detailed planning, construction of the exploration camp, road repairs and location of equipment to site, and other work associated with the resource expansion and definition drilling for the DFS at Zulu is progressing and to date has been funded from Premier's retained cash resources. This placement is intended to ensure two definitive objectives.



· That there is no interruption to the work in progress at Zulu, and

· Allow additional time to both enhance value through the DFS, and comprehensively and without any pressure assess other options available to fund the balance of the DFS.



It is worth noting that this placement today represents a nominal dilution of approximately 3.5% and is a small price to pay for retention of 100% of Zulu and the potential upside from the Exclusive Prospecting Order.



I expect to report details of early drilling later this month together with updates on RHA Tungsten Private Limited, MN Holding Limited, Circum Minerals limited and other developments."



Placing



Premier has today issued by way of a placing ("Placing"), conditional on admission, 625,000,000 new ordinary shares of nil par value ("Placing Shares") at a Placing price of 0.16 pence per Placing Share. The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares. Monecor (London) Ltd, trading as ETX Capital ("ETX Capital"), acted as the Company's sole placing agent in respect of the Placing.



Application will be made for the Placing Shares to be admitted to trading on AIM and admission is expected to take place on or around 9 June 2021.



The Placing has been arranged within the Company's existing share authorities. Premier intends to use the proceeds of the Placing to assist with the funding of the ongoing drilling at Zulu for the DFS and general working capital purposes necessary for the Group.

LitteleCrumbs - many thanks, glad you found the article enlightening.
As Snowking says this will be massive, it's all in George Roach's hand now in terms of the DFS and timing.
We couldn't be better positioned in what will be the most sought after resource of the future.

Jackie, Snowking - whispers getting stronger?

https://news.sky.com/story/rapid-uk-electric-car-sales-threatened-with-brakes-by-global-lithium-shortage-12370843

Come on George let be 'aving you

Ok no probs but thanksfor the information anyway

Thanks FUBAR - is this online? if so can you share link pls?

Don't think the resignation of Story would have that much impact tbh, poss MM manipulation on the news to achieve lower buy in price? TW Sharemuppets pressure could be reason for his departure - he has significant investment at stake (10,447,599 shares)

Looks as though it may have got filled this am ?

J427, You may get your wish. By the way the MM's are playing this someone wants a lower entry point?

Sodium has two disadvantages. For one, it is three times heavier than lithium, so sodium-ion batteries are also heavier, even though lithium accounts for less than 5% of the total weight of a battery.
In addition, sodium batteries are less powerful because they inevitably lose around 10% of their energy density due to a 0.3-volt lower cell voltage. This is largely owing to the fact that the graphite anodes that have been used up to now in batteries absorb too little sodium.

comments?