PREMIER AFRICAN MINERALS LTD ORD NPV (DI)
Symbol: PREM
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Company
Business Summary
Premier African Minerals Limited is a multi-commodity mining and natural resource development company. The Company focuses to acquire and develop mineral properties. The Company’s segments include RHA and RHA Mauritius segment, and Zulu and Zulu Mauritius segment. The RHA and RHA Mauritius segment is engaged in the development and mining of wolframite. The Zulu and Zulu Mauritius segment is engaged in the development of lithium and tantalite. The Company has projects in Zimbabwe, Togo, Benin and Mozambique. Its projects include RHA Tungsten Mine, Katete REE Project, Zulu Project, Tinde Project, Lubimbi Project, Pagala Project, Haito Project, Kara-Niamtougou Project, Dapaong Project and Catapu Limestone Project. The Company holds interest in Circum Minerals Limited, the owner of the Danakil Potash Project in Ethiopia. The Company also holds interest in MN Holdings Limited, the operator of the Otjozondu Manganese Mining Project in Namibia.
Financial Summary
BRIEF: For the six months ended 30 June 2024, Premier African Minerals Ltd revenues was not reported. Net loss increased 61% to $11.8M. Higher net loss reflects Unallocated Corporate segment income decrease of 71% to $396K, RHA tungsten mine segment income decrease of 39% to $28K.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | NIL | NIL | NIL | NIL | NIL | 0.17 |
Gross profit | -3.81 | NIL | NIL | NIL | NIL | -0.01 |
Operating Profit/Loss | -15.13 | -5.84 | 2.18 | -1.27 | -1.07 | -7.65 |
Profit Before Tax | -20.81 | -5.80 | 2.30 | -1.29 | -1.21 | -7.76 |
Profit After Tax | -20.81 | -5.80 | 2.30 | -1.29 | -1.21 | -7.76 |
Equity Holders of Parent Company | -20.38 | -5.36 | 2.74 | -0.86 | -1.23 | -6.81 |
Minority Interest | -12.72 | -12.27 | -11.87 | -11.44 | -11.53 | -11.76 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 58.65 | 41.24 | 14.03 | 8.46 | 7.44 | 6.26 |
Total Current Assets | 6.48 | 9.82 | 1.35 | 0.74 | 0.06 | 0.10 |
Total Assets | 65.13 | 51.06 | 15.38 | 9.20 | 7.50 | 6.36 |
Total Liabilities | 50.60 | 34.27 | 1.13 | 0.94 | 2.54 | 4.54 |
Total Net Assets | 14.53 | 16.79 | 14.25 | 8.26 | 4.96 | 1.82 |
Shareholders Funds | 27.68 | 29.51 | 26.56 | 20.13 | 16.47 | 14.53 |
Minority Interests | -12.72 | -12.27 | -11.87 | -11.44 | -11.53 | -11.76 |
Total Equity | 14.53 | 16.79 | 14.25 | 8.26 | 4.96 | 1.82 |
Outlook
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
16th Oct 2024 | Shore Capital | Reiteration | 0p | 0p | 0p | House Stock |
8th May 2024 | Shore Capital | Reiteration | 0p | 0p | 0p | House Stock |
24th Jan 2024 | Shore Capital | Reiteration | 0p | 0p | 0p | House Stock |
29th Sep 2023 | Shore Capital | Reiteration | 1p | 0p | 0p | House Stock |
30th Aug 2023 | Shore Capital | Reiteration | 0p | 0p | 0p | House Stock |
25th May 2023 | Shore Capital | Reiteration | 1p | 0p | 0p | House Stock |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
2 May 2025 | 16:09 | 0.04 | 6,199 | Buy |
2 May 2025 | 16:09 | 0.04 | 17,101 | Buy |
2 May 2025 | 16:09 | 0.038 | 986,842 | Sell |
2 May 2025 | 16:09 | 0.04 | 8,000 | Buy |
2 May 2025 | 16:09 | 0.04 | 9,125 | Buy |
2 May 2025 | 16:09 | 0.04 | 339,075 | Buy |
2 May 2025 | 16:09 | 0.038 | 65,000 | Sell |
2 May 2025 | 16:09 | 0.04 | 42,575 | Buy |
2 May 2025 | 16:09 | 0.04 | 21,287 | Buy |
2 May 2025 | 16:09 | 0.04 | 7,500 | Buy |
2 May 2025 | 16:09 | 0.04 | 15,000 | Buy |
2 May 2025 | 16:09 | 0.038 | 12,293 | Sell |
2 May 2025 | 16:09 | 0.038 | 6,947 | Sell |
2 May 2025 | 16:09 | 0.04 | 319,310 | Buy |
2 May 2025 | 16:09 | 0.04 | 31,931 | Buy |
2 May 2025 | 16:09 | 0.04 | 627,382 | Buy |
2 May 2025 | 16:09 | 0.038 | 1,484 | Sell |
2 May 2025 | 16:09 | 0.04 | 1,484 | Buy |
2 May 2025 | 16:09 | 0.038 | 986,842 | Sell |
2 May 2025 | 16:09 | 0.04 | 19,000 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.