Member Info for CF73

If folks want to demonstrate they got a grasp of this situation, they need to accept that this 6% dilution is diddly compared to not giving away 45% of the project (where $20million + been spent already and where profit is likely to be in the order $10 million per year when fully operational). If this were a dud, we would've moved on. We have comparatively low production costs and tungsten prices soaring. We were achieving above throughput targets before we stopped. And KDNC to come in days. Plus, off take agreements.

*last time, not lady time haha

IQ157, you've nailed it there. We will be mining profitably very soon (we were achieving thyoughput above target but below grade lady time) - otherwise we would've taken the JV route. Instead, for 6% dilution, we're not giving away 45% of the project, we get to retain the full 90%. KDNC news soon will help to soak up this placing and then news of production shortly after.

DOIRE, to be fair to Charlie, he's been plenty critical of GR If folk expect to hold even into the medium term, let alone long term, then they should know this is a good move and will have huge implications for returns later. The fact that we're going back into production soon really is a good sign. KDNC news soon. Massive upside in the near term too.

RHA was never fully funded. It was clear and made clear that we needed capital to drive it forward. I'd thought capital was to be brought in via a JV but instead it seems we're keeping the full 90% and not giving away 45% but instead suffering 'only' 6% dilution. This is the right move for those who expect to hold even into the medium term, and certainly for the long term holder.

We will be in increasd production by the time this current money uLos spent (bringing in revenue), along with money from the ZULU deal, we should be better capitalised than we have been in some time. We did need this money. As I said before, had thought it would be raised by a JV where we might give up 45% (was one quoted percentage), instead, 6% dilution and money from production and ZULU contribution if needed.

Agreed chippy, we needed the money to better understand this. This should complete the picture.

Seems like we could then be owning/retaining 90% of RHA - otherwise, those funds could've come from RHA JV. GR had had time to prepare things in the background the last few months. Will be interesting to see in what order things happen.

Actually, less then 6% dilution

Wasn't expecting this and not best pleased at timing. But RHA needs developing. The thing is, had expected that we would likely JV at RHA to raise those development funds. Instead, it seems we're keeping our 90%?? Have to weigh up 7% dilution against giving up say 40% of RHA?? (That said, we may still JV, but certainly would be from a position of strength). In the end, especially with us going back into production soon and tungsten APT prices now moving strongly, this is the right decision. Even if it is pain in the short term (and, yes, is tiring but this makes sense for generating value as we keep 90% of profits). I'll be stocking up on the inevitable dip. Good luck all!

As others point out, the potential here us enormous. The share price remains dirt cheap following RHA news. And we have more news to come, on RHA (especially offtake and JV) and ZULU (KDNC deal). All in the very near term. Stockpiling these shares is the way to go.

...as this news now clears the way for offtakes and JVs regarding RHA to be announced. All this news had been stacked up and waiting to be released... ...and then ZULU to come too...in a matter of weeks if not sooner...

Re-rate will continue over coming days as more news to land , in my opinion

Last post meant to read ...offtakes and JV at RHA. Possibly within days, in my view. Those deals have been waiting to be announced for some time and are likely being prepared prepared in terms RNSs... ...this news will begin to fix a trier value for a RHA and PREM...

...offtakes and JV at RHA. Possibly within days, in my view. Those deals have been waiting to be announced for some time and get back they're been prepared in terms RNSs... ...this news will begin to fix a trier value for a RHA and PREM... .. this before we even discuss ZULU...

...marrionville says she believe this is going to 0.2p when they are actually buying behind the scenes, frantically...LOL

Been adding constantly. This is indeed time to stock up.

You have to loves this but:

"The Company has already received written confirmation from the Ministry of Mines and Mining Development (the "Ministry of Mines") that under the amended Indigenisation and Economic Empowerment Act, RHA is no longer required to comply with indigenisation policies and that the proposed restructuring of RHA can proceed without approval from the Ministry of Mines."

This was the issue on which so much hinged. We needed to RHA resolution as had invested so much in it and because there was so much potential. Now, we are about to go into production as tungsten prices rise making RHA profitable (though many of us naturally believed that RHA may have been in a better state than relayed).

We now also await new on Zulu. Very, VERY likely to be positive. The combination of all of this pointing to a massive re-rate. What we've had so far is nothing,

Good luck to all the LTHs and genuine folks!

...I wonder if Hanno left out 'minimum' when talking abut the '60%' to avoid the related speculation?

...I could imagine that if GE-CMEC were intending to take more, they would want this to be kept 'secret' until last minute. Saying 'minimum' in an interview only adds further fuel to speculation :-) -- and it feel like they are trying to keep a lid on things for the moment...but who knows, I could be miles off (and not moles off ;-)) )