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Premier African Minerals Ltd

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

Price: £0.00

Market: AIM
Market Cap: £2.68 m
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Premier African CEO would be disappointed if RHA not producing this year

George Roach, Premier African Minerals PLC’s (LON:PREM) chief executive remain confident that the US$6mln earmarked by the Zimbabwe government to re-start the RHA tungsten mine will be forthcoming. Once the money comes through he is confident RHA can be back in operation within 100...

on 7/6/19

2 min read

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