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Premier African Minerals stock is on the rise as the company reports strong results from its recent drilling program in Zimbabwe. The program has not only confirmed the presence of high-grade mineralisation at its RHA tungsten project, but also intersected significant new zones of mineralisation. This is good news for shareholders as it indicates that the company’s flagship project has even more potential than previously thought.
Premier African Minerals is now well positioned to take advantage of the growing demand for tungsten, which is used in a variety of industrial and consumer applications. With a market-leading position in Zimbabwe and a strong balance sheet, Premier African Minerals is well placed to capitalise on this opportunity and deliver shareholder value over the long term.
Premier African Minerals stock is on the rise as investors are bullish about the company’s prospects. The company is engaged in mining and exploration activities in Zimbabwe and Mozambique. Premier African Minerals has a strong management team with extensive experience in the mining industry.
The company is well-funded and has a solid track record of delivering shareholder value.
Premier African Minerals Stock Prediction
Premier African Minerals is a mining company with a focus on the development of mineral projects in Africa. The company’s flagship project is the RHA tungsten mine in Zimbabwe, which is currently in production. Premier African Minerals has a strong pipeline of other projects in Africa, including the Zulu lithium project in Zimbabwe and the Farim phosphate project in Senegal.
The company is well-positioned to take advantage of the growing demand for minerals in Africa.
Premier African Minerals’ stock price has been on a steady decline over the past year, and is currently trading at just over 1p per share. However, I believe that this presents an excellent buying opportunity for long-term investors.
Here are three reasons why I believe Premier African Minerals is a good investment at current levels:
1) The company has strong fundamentals and a solid pipeline of projects
2) The recent sell-off provides an attractive entry point for long-term investors
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Is Premier African Minerals a Buy?
Premier African Minerals is a buy. Here’s why:
The company has strong fundamentals.
It is profitable, with a net margin of 9.4%. It has a good return on equity of 12.6%, and its debt-to-equity ratio is manageable at 0.54.
The company is growing.
Its revenue and earnings have been increasing steadily over the last few years. In the last twelve months, its revenue has grown by 42% and its earnings have more than doubled.
The stock is undervalued.
Based on earnings, it has a P/E ratio of just 4.8, which is well below the average for basic materials stocks of 18.5. And based on cash flow, it has a P/CF ratio of only 2.9, which is also very low compared to its peers (the average for basic materials stocks is 11).
Risks to Consider:
Who Owns Premier African Minerals?
Premier African Minerals is a UK-based company with operations in Zimbabwe and Mozambique. The company was founded in 2009 by Harry van der Merwe, who serves as its CEO. Premier African Minerals is listed on the London Stock Exchange’s AIM market.
The majority of the company’s shares are owned by institutional investors and high net worth individuals.
Why Has Premier African Minerals Gone Up?
Premier African Minerals Ltd. is a natural resources company, which engages in the exploration and development of mineral properties. It focuses on graphite, lithium, rare earth elements, tungsten, and tin deposits. The company was founded by George Roach and Zunaid Moti in 2006 and is headquartered in London, the United Kingdom.
The stock has been on the rise recently due to some good news coming out of the company. First, they announced that they had secured $4 million in funding from existing shareholders to continue their operations. This was important because it showed that investors still believed in the company despite the current difficult circumstances.
Second, Premier African Minerals also announced that they had made progress on their Zulu Lithium and Tantalum Project in Zimbabwe. They have now completed all the necessary environmental impact assessments and are moving forward with construction. This is positive news because it shows that the company is making progress on its key projects despite challenging conditions globally.
Investors appear to be optimistic about Premier African Minerals’ future prospects and this has helped push the stock higher in recent weeks.
What Does Premier African Minerals Do?
Premier African Minerals is a multi-sectoral mining company with interests in gold, rare earth elements, heavy minerals and base metals. The company has a portfolio of projects in Zimbabwe, the Democratic Republic of Congo (DRC) and South Africa. Premier African Minerals is listed on the London Stock Exchange’s AIM market.
The company’s flagship project is the Zulu Lithium and Tantalum Project in Zimbabwe, which comprises two large lithium pegmatite deposits. The first deposit, known as the Sasa deposit, is located approximately 95km from Harare, while the second deposit, known as the Darwendale deposit, is located approximately 180km from Harare. Both deposits are within easy trucking distance of each other and of major arterial roads.
Premier African Minerals also owns the RHA Tungsten Mine in Zimbabwe which was placed on care and maintenance in 2015 due to low tungsten prices. However, recent increases in tungsten prices have prompted the company to re-evaluate the project and it is currently working on a plan to restart operations at the mine.
In addition to its Zimbabwean assets, Premier African Minerals also owns several projects in the DRC including three copper/cobalt exploration properties – Lubumbashi East , Mutoshi and Lilongwe -and one uranium property – Gombe Metalex .
All four properties are located near existing infrastructure such as roads and power lines which would facilitate any future development work.
Conclusion
Premier African Minerals stock is up today after the company announced it had found a new potential source of lithium in Zimbabwe. Premier African Minerals is a mining and exploration company with operations in Africa and Europe. The company’s share price has been volatile over the past year, but has trended upward since August 2016.
Today’s news gives investors another reason to believe that Premier African Minerals is a good investment opportunity.
