Premier Gold Resources

http://premiergoldresources.com/ TICKER: PGR     EXCHANGE: AIM

Premier Gold Resources is exploring and developing gold projects in Central Asia with a focus on Kyrgyzstan. The current project in the Cholokkaindy licence area is undergoing extensive exploration and analysis

LATEST REPORTS

 
'Option money' for gold prospect
Published: Dec 12 2012

Premier Gold Resources is exploring and developing gold projects in Central Asia with a focus on Kyrgyzstan. The current project in the Cholokkaindy licence area is undergoing extensive exploration and analysis.
Capitalised on full dilution at £4.5m, Premier in our view represents only 'option money' relative to a very promising gold prospect.
The recently announced placing to raise £1.2m gross brings on board a new 25% shareholder in Lanstead, and funds immediate drilling requirements. The issue price of 0.4p per share was fixed at a premium to the market price at the time.
Drilling will begin early in 2013 and we expect progressive reports to lead to ongoing de-risking of the project. A new Competent Person's Report is expected in Q4 2013, with a maiden JORC Inferred resource. This could be higher than our current assumed resource of 450,000/oz Au.
Even applying a 40% risk discount to our fair value estimate of 2.50p per share, we set a current fair value of 1.00p which is well over double the present 0.41p share price.

ARCHIVE

Foreign buyers gorging on UK stocks

Document can be downloaded here: UK plc ‘going for a song’

Being a shareholder in a company that receives a juicy takeover offer is a marvellous feeling. Something that many fortunate investors have experienced over the past 3 years. Thanks to a spate of M&A bids by deep pocketed overseas buyers – partly triggered by the June 2016 Brexit result, which sent the £ tumbling and adversely affected the FTSE.

Consequently today, given this trend is unlikely to end anytime soon, we’ve highlighted 30 possible acquisition ideas in the attached research paper. Spilt equally between large and smallcap stocks – covering a broad selection of industries.

What’s more we believe most of these businesses are underpinned by strong fundamentals and substantial upside in the event of predatory interest.

According to Factset Mergerstat/BVR, the average bid premium paid for such deals between 2004-14 was 30% – with the figure trending upwards since the global financial crisis.

Happy investing. Published 27th August 2019