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Regarding GR, he should be at the absolute back of the queue when it comes to receiving his loan repayment. Every single other creditor and obligation should be paid in full before he receives a single penny, and frankly, nobody on this board needs an explanation as to why.

Yes, of course the loan legally needs to be repaid eventually, but let's not pull any punches here. He is the primary reason the company is in this difficult state in the first place, and every single other shareholder is now paying the price for it.

Let's also not forget that he is the ex-CEO of this company and still holds a massive chunk of shares. This project is his baby, and deep down, he obviously wants to see it finally come to fruition.

Because of that shareholding, aggressively demanding his loan repayment right now would be an incredibly foolish move for his own pockets. Squeezing the company's liquidity at this exact moment would sabotage the very asset driving his equity value.

If he does decide to call in the loan, which in my view I am completely certain he will not do, an EGM should be called immediately. It should be put directly to a shareholder vote whether that loan is permitted to be paid back at all over the next 18 months.

Lol indeed

His knowledge of the company might be something, but his knowledge of selling out completely and then frantically deramping the board to doctor a cheaper entry price is absolutely second to none!

To go from holding a position to suddenly predicting an imaginary 60 billion share avalanche is a masterclass in two-faced desperation. The transparency is hilarious. Good luck to him waiting at the bottom while the train leaves the station.

Acker,

Unreal. Why not make it 500 billion. Will you be teaming up with Jag again and launching another attack against G Hill once again. What was it again? Unemployable? Shameful 🤦🏻‍♂️

Filtered (again) 🙄

Acker you trading again? Guessing you’re out right now…😉

As far as I know, they are still trying to resolve the ownership and debt issue with the 51% shareholder

Staggering numbers

RHA holds a combined resource of 22.14m tonnes of ore at an average grade of ~2.4kg of tungsten (\text{WO}_3) per tonne, equating to roughly 48.8m kg of contained metal. In the global trading units used for tungsten, that is 4.88m MTUs (Metric Ton Units) sitting in the ground.

At today's explosive APT price of ~$2,150/MTU, the gross in-the-ground value of that tungsten is a staggering $10.5 billion.

Even if you apply a highly conservative 25% long-term recovery rate, you are still looking at over $2.6 billion in recoverable market value. Remember, while PREM holds 49% equity, RHA owes Premier over $20m in debt, meaning 100% of the production revenue goes straight to PREM until that is paid off.

The historical issue at RHA was never the geology; it was trying to run a plant when tungsten was stuck at a depressed $300/MTU. At over $2,000/MTU, the economics are completely transformed. Once Zulu is generating cash, RHA is a colossal backup asset waiting to be unlocked.

Once Zulu is sorted, I would love to see RHA brought online, since the price of tungsten is insane right now.

Global APT prices are holding between $2,100 and $2,200 per MTU, marking a sevenfold increase over the last 12 months, with a shortage predicted to lock in due to China's strict new export controls.

Zulu first obviously but RHA could be very good for the SP

0.0385

0.028 +26%

Hope nobody was listing to doomsayers

GLA

Shark,

Glencore & possibly Glenda visited Zulu and are happy with what they see in the resource. The plan to return once in production. All confirmed by GH

Anglebox,

Personally I do not think an EGM will be called for further headroom. One would assume the reason Glencore entered into the LOI and have hung around for, let’s be honest, a very long time, is ultimately to relieve Canmax of the debt and take over the offtake. In my opinion the Canmax/PREM relationship has been too soured for a long time thanks to George

My guess is that once PREM announces commercial production, Glencore swallows up the offtake agreement and provides the funding required, removing the need for further heavy dilution

Of course I could be completely wrong, time will tell. Let’s see what happens

Nice to see movement here today, it was obvious to many. Reminds me very much of the big push we had before for those that remember

I honestly don’t know why some of you still engage with the constant doomsayers. It’s been tried dozens if not hundreds of times over the years. You won’t reason with these people, just use the filter button, your BB life will be much better

It won’t be long now before we receive an update confirming the plant is in full optimisation and full production follows shortly after

That’s when the real fireworks begin

Good luck all

Pipedreams exactly,

People seem fundamentally confused about how these options work: these are not free shares.

Graham Hill doesn't just get handed stock; he still has to BUY them at the exercise price, and he can only do so after specific production milestones are achieved. For example, if PREM is trading at 0.10p and he exercises at 0.0185p, he still has to fork over £18.5k per 100 million shares out of his own pocket. The real value only materializes if management successfully drives the share price well above the option price. If PREM is trading at 2p in 2029, people will look back at these option prices very differently. This is management firmly backing future production and a much higher share price, not a free handout.

Furthermore, critics need to understand two key realities about this structure. It makes zero sense to set an excessively high exercise price. An incentive is meant to motivate; if the bar is set to an unrealistic, astronomical height from day one, it ceases to be an incentive at all.

People also keep banging on about wanting Graham to buy shares on the open market right now. He legally and practically cannot. We are clearly in a closed period until this thing hits production. And guess what? Once it does hit production and the restrictions lift, the share price is going to be significantly higher anyway.

This option structure aligns management’s pockets with actual operational success. If the company wins and production hits, shareholders win too.

That RNS is quietly saying “We expect production and higher share price soon”

0.0425

Can’t be long now

https://youtu.be/6M1e4WbZPOw?is=CpevPPJK-CJqYikr

@hasina

In your assessment of Jags post you could have just left it at…

“ Also you have been so wrong in your assessment “

Covers all Jags post perfectly

13-May-26 14:00:50 0.0197 250,000,000 Unknown* 49.25k O

13-May-26 11:16:37 0.0199 250,000,000 Unknown* 49.75k O

13-May-26 08:50:30 0.0201 250,000,000 Unknown* 50.25k O

13-May-26 08:14:50 0.0195 250,000,000 Unknown* 48.75k

Fantastic momentum! The plant is now running water through the circuit, and hot commissioning is officially next. While some may have seen the funding as a given, securing it was a massive hurdle cleared, and with the schedule holding, we are now incredibly close to validating commercial production. The finish line is finally in sight

0.0279

Not sure about the closing share price being reported on this site. Looking at the last trade it was 0.0223. Same on London stock exchange. Strangely also showing as -8.51% though 🤷🏻‍♂️

Anyway great week! More of the same next week as we ready to spin the plant up and get commissioned ready for full production