Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://www.herald.co.zw/destination-zimbabwe-charms-investors/
Here is a link for the live interview next Friday, premier African minerals will be starting at 20:00
https://www.youtube.com/watch?v=0y3nYLMCnWM
Shareable - I can’t help but agree with you, this is a great opportunity to take advantage of cheap shares, it would be a shame to hold all these years and sell now when we are at a major pivot point and a very bright looking future. Prem to me is now massively derisked due to the recent investment, Zulu is huge and the things people are asking for are just not ready yet so therefore news will not be released prematurely, I’m more than happy to hold for the next few year to witness the transformation of prem going from 0.26 to multiple pennies, I expect 1p to 2p on a deal and once in production £1bn+ MCAP :)
What can re-rate the share price.... mineral discoveries in the EPO which we know has been drilled for some time now, aka the first results. Solid progress on the DFS which is being accelerated through the extra drill rigs and $$$. The resource upgrade statement which has been worked on since January. Mine build plans and how it can be realised (likely via our new major partner), completion of DFS which should be towards the end of next quarter, Q3. As well as those, buyout offers are likely given the macro climate and prices being paid for early stage lithium projects without mines - $420mil was paid for Arcadia in Zimb before the price boom. I look at the mcap which is around £50mil and PREM seems significantly undervalued to me. Our valuation can easily be 5-10x what it is now before any mine is built. See Atlantic Lithium and many of the companies listed on the ASX. George's comms aren't great, but the value PREM offers at this level is very good imo, as many of the SP moving factors I've detailed above are expected this year. The Chinese will get things moving, as well as the new experienced hires for Zulu. Am confident good times will return very soon :)
https://mobile.twitter.com/premafrimin/status/1513865282015707144?s=21&t=D0jIjBSZmQO-sP4J1UcWqQ
https://premierafricanmineralsinvestors.blogspot.com/2021/12/zulu-lithium-jv-agreement.html?m=1
https://mobile.twitter.com/Premafrimin/status/1511696515596754950?cxt=HHwWjIC5xZf-z_opAAAA
Bick - GR brought on shango solutions to carry out the Resource upgrade so I am pretty confident we will see that over the coming months, however I do agree that we need to speed up the testing and get results flowing on a regular basis, we need answers on why the assay results have been slow! Im confident that this will multi bag to multiple pennies, short term the SP I think will hold above 0.30 as we approach the DFS this will slowly start increasing :)
Bick - I think your wrong as the RUS will keep the SP above 0.30 and as for year end I believe the DFS will be complete later in the year and the SP will be 0.50+ at year end, I certainly don’t believe we will finish the year at this level or Suzhou would not of made the offer they did :)
Acker - I’m still bullish as short term you can see why people aren’t too happy but once the RUS and DFS completes prem will be in an excellent position, i for one am very happy to hold as lithium is the talk of the future and prem happen to have lots of it :)
0.5 - 0.6 is definitely not the most we will see, they will need to buy out all shareholders which most wouldn’t sell for 0.6 only the ones who don’t have a clue about the assets taking a gamble they may think that’s a good offer, serious holders will be looking for a few pennies before they even consider selling, based on arcadia selling for $422m and lithium rising since then that asset alone gives prem a value of 2p at least! I don’t think Suzhou will be buying prem, they may buy zulu after the DFS :)
This is looking great for the future and massively de-risked, I’m happy to be buying at these levels. This will certainly pay back multiple times over from this level, fundamentals are absolutely world class and over time GR will no longer be an issue :)
Acker - this is a long term project and this will turn into a £1bn+ company in time, the hype train needs to stop and let the RNS do the talking as people expect way more than what’s delivered, your 1p prediction by end of April was probably based on news from this hype train, I think 1p this year after the RUS and DFS is delivered is a reasonable share price. We won’t get anything significant until a mine is built and in production that’s when this will be transformational for shareholders but I’d definitely suggest holding and topping up at cheap levels that is within everyone’s personal budget, I’ve said before Suzhou carried out DD months ago and we’re happy to pay 0.40 so we can certainly use 0.40 as a bench mark, still lots of great news in the pipeline and definitely a strong buy at these levels :)
https://mobile.twitter.com/Premafrimin/status/1510249454737182735?cxt=HHwWnsCy_ZP4vfUpAAAA
I think the SP could be in a range from 1p to 4p within the next 2 year, after those 2 years it all depends on the EPO area if it turns out to be full of high grade Li then that’s when this will transform into the multi billion £ co that people are predicting, I’m holding tight to my shares and like most will either wait for a great offer or until the SP rises significantly from here, for now prem is a bargain so make the most of it while we can as this will be hopefully a very busy year and productive year for prem :)
I won’t put figures exactly to this but I completely agree that Zulu alone once in production could see us roughly around 4p to 8p yes very big range but it’s best not to quote a solid figure, also note that’s without the EPO and it’s not a case of if we find gold it’s a case of when we find gold that will also be added :)