Investor deep dive
Premier African Minerals looks to re-boot after RHA sign-off
Premier African increasing exposure to more diverse assets - CEO
George Roach, CEO of Premier African Minerals Ltd (LON:PREM), tells Proactive London that while the de-merger of its Zimbabwe assets for a London listing has been shelved, the ambition to increase the company's holding in the RHA asset has not.
In addition to the desire to increase the current 49% holding to 90% in the tungsten mine, the company is also buying 50% of a potential gold producer Honey Badger Resources in Premier shares.
Roach says investors should not be agitated about dilution of the stock. "The value of our assets and the value of what we are acquiring significantly outweigh dilution in our opinion."
He adds that if that message is understood the company should see "a reasonable re-rating."
Quick facts: Premier African Minerals Ltd
Market Cap: £2.68 m
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