Member Info for forfaiter

Google :

Yes, bondholders accepting no redemption in the case of a delisting is a strong indicator that QBT (Quantum Blockchain Technologies) is actively pursuing a restructuring of its debt and operating model.

According to a March 2026 announcement, QBT is proposing to remove the redemption option upon delisting for its €5.5m Zero-Coupon Bonds as part of a package of amendments.

Investegate

Investegate

+1

Here is why this indicates a restructuring:

Financial Distress Signals: The proposal to remove the delisting redemption option, combined with extending the maturity from December 2026 to December 2028 and lowering the conversion price (from £0.03 to £0.02), suggests the company needs more time and cash to operate, reducing immediate debt repayment pressure.

Voluntary Delisting Plan: The move is part of a plan to remove the company from the London Stock Exchange (LSE), which often allows a company to reduce administrative costs and gain flexibility to restructure without the pressure of public quarterly earnings.

Bondholder Support: A major bondholder representing 62.5% of the debt (Eufingest SA) has already indicated it intends to vote in favour of these changes, indicating an agreement between the company and creditors to restructure the debt terms.

Contingent Measures: Such actions are typically taken when a company is restructuring its balance sheet, extending maturity dates, or reducing the immediate repayment burden to avoid formal insolvency proceedings.

Investegate

Investegate

+5

While the company is continuing its patent applications and operations, the restructuring of bond terms indicates they are in a phase of significant financial realignment.

Cision News

Cision News

Google: Yes, porting Quantum Blockchain Technologies' (QBT) "Method C" AI Oracle software onto the Antminer S9 mining rig is designed to significantly increase the chances of commercialisation for QBT.

According to QBT, this step is a key precondition for initiating contractual discussions with ASIC manufacturers.

Investor Meet Company

+1

Why Porting to the S9 Increases Commercialization Potential:

Proof of Concept (Real-world Validation): The S9 serves as an industrial-grade testbed, allowing QBT to demonstrate its AI technology on actual hardware rather than just in a simulation. This validates that the "Method C" software can successfully increase hashing efficiency.

Access to Open Firmware: The S9 was selected because it is the last Bitmain rig with fully accessible open-source operating systems and FPGA firmware, allowing QBT to modify the system to test its AI models.

Accelerated Development Time: Using the S9 as a test platform (specifically with a Mining Development Kit or MDK) allows for faster integration compared to embedding the technology directly into new ASIC chips, potentially saving more than a year in development time.

Direct Path to Commercial Agreements: The success of this porting and subsequent live testing in QBT's Milan laboratory is directly linked to triggering commercial conversations with ASIC manufacturers and large-scale miners.

Broader Target Market: The ability to demonstrate improved hash rate performance on older, widely used machines like the S9 proves that QBT's technology can improve the efficiency of existing mining infrastructure, rather than just new hardware.

Yahoo Finance UK

Yahoo Finance UK

+6

Google

Based on recent reports as of March 2026, Quantum Blockchain Technologies PLC (AIM:QBT) is not actively planning to delist, but is currently proposing to amend its bond terms to remove the right of bondholders to redeem their bonds if the company is delisted.

Here are the key details regarding the situation:

Proposed Bond Changes: QBT is seeking approval from bondholders on April 15, 2026, to change the terms of its €5.5 million bond issuance. These changes include extending maturity to December 2028, lowering the conversion price, and specifically removing the clause allowing redemption in the event of a delisting.

Controlling Stake: Eufingest SA, which holds 62.5% of the bonds, has indicated it intends to vote in favour of these changes, making their approval likely.

Market Speculation: While not an official company announcement, the move to amend the redemption clause has fueled shareholder speculation about the future possibility of a delisting.

Google.....No, Canmax Technologies has not written off its investment in Premier African Minerals (AIM: PREM) as of March 2026. Instead, Canmax has continued to support the company while exercising strict financial control over the Zulu Lithium and Tantalum Project, frequently converting outstanding interest payments into equity to maintain a stake of around 13% or higher.

Investor Meet Company

Investor Meet Company

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Key Developments Regarding Canmax's Investment:

Continued Support & Extended Deadlines: Canmax has repeatedly extended the "Long Stop Date" for its offtake and prepayment agreement, with the most recent extension running to June 30, 2026, or earlier if a buyer for Canmax's interest is found.

Conversion of Debt to Equity: Canmax continues to convert accrued interest under the Restated and Amended Offtake and Prepayment Agreement into new ordinary shares in Premier. As of March 2026, Canmax converted further accrued interest into millions of new shares at 0.02 pence per share, reinforcing its position as a major stakeholder.

Security Control: Canmax holds a security package, including a fixed charge over Zulu Lithium shares. The extensions are contingent on strict conditions, including the retention of specific leadership at Premier, keeping pressure on the company to deliver results.

Strategic Stance: Rather than writing off the investment, Canmax has insisted on project performance (producing SC6 spodumene) and has threatened to enforce its security rights to take direct control of the Zulu project if necessary.

UK Investor Magazine

UK Investor Magazine

+7

Google

As of March 2026, the status of the Letter of Intent (LOI) between Premier African Minerals (Premier) and Glencore remains technically open but conditional, as no binding agreement has yet been finalised.

Share Talk

Current Status of the Agreement

Non-Binding Nature: The LOI signed in April 2025 was always non-binding. It was intended as a preliminary step toward a binding offtake agreement for spodumene concentrate from the Zulu Lithium and Tantalum Project.

Production Deadlines: A binding deal is strictly contingent on the Zulu project's processing plant meeting specific grade and volume requirements. As of February 2026, Premier had not yet demonstrated steady-state production.

Timeline Extensions: Premier originally aimed to convert the LOI into a binding deal within three months (by July 2025). However, ongoing technical delays at the mine have extended this timeline. The company's "Long Stop Date" with its major creditor, Canmax Technologies, has been extended to 30 June 2026, which provides a window to still secure a reputable buyer like Glencore.

Mining Technology

Mining Technology

+6

Operational Milestones Required

For the LOI to progress to a binding contract, Premier must complete several critical steps:

New Flotation Plant:

A new spodumene flotation plant was expected to arrive on-site around 3 March 2026.

Commissioning: Commissioning and optimization of this new circuit are targeted for Q2 2026.

Funding Needs: Premier recently conducted an emergency fundraise in March 2026 to maintain working capital while it works toward these production goals.

So we will have more shares being issued going forward.....say we have 25b to 30b in issue by May.....at a share price of 0.02 that gives a market cap of £5 m to £6m.....but more importantly we have the company hopefully close to name plate production.......one should offset the other stabilising the share price at this level until production is reached......then the market cap will reflect revenues of £8m per month.....imho

Google- A company will absolutely buy software that does not have a patent on it.

In the software industry, patents are often considered less important than other forms of intellectual property protection, such as copyright, trade secrets, and speed-to-market. Many valuable software companies are acquired without holding any patents, as the value often lies in the working code, user base, and team rather than the underlying algorithm patent.

Here is why and how companies buy unpatented software:

1. Alternatives to Patent Protection

Companies often prefer other methods to protect software because software patents can be costly, time-consuming to obtain, and challenging to enforce:

Lombard Asset Finance

Copyright:

Automatically protects the source code from being directly copied, which applies the moment it is written.

Trade Secrets: Protects proprietary algorithms, trade secrets, and backend code by keeping them confidential. Many companies (e.g., in SaaS) protect their core innovation this way, as it does not require public disclosure like a patent does.

Contractual Protection (NDAs): Non-disclosure agreements can prevent potential buyers from stealing the technology during negotiations.

Speed-to-Market: The software industry moves faster than the patent process. By the time a patent is granted, the technology might be obsolete.

Lombard Asset Financ

There are 4.6m bitcoin rigs in the world each one with a daily revenue on average of $30 per day......Qbt software added on lets say for 2% of revenue......gives a figure of around a billion in revenues.....for QBT.....not saying they will get that....but shows the potential of the market they are chasing..

Google:

Based on the Notice of Annual General Meeting (AGM) announced in February 2026, Premier African Minerals is seeking authority to issue up to 35 billion new ordinary shares to address significant financial pressures, including debt repayment and funding for the Zulu Lithium and Tantalum Project.

Whether this is "enough" to pay down debt is a subject of intense market scrutiny and depends on several factors:

1. The Scope of the Debt

Urgent Payments: The company recently faced a $2.3 million demand from J R Goddard Contracting, following a previous $2.5 million judgment.

Total Liabilities: As of November 30, 2025, total group liabilities were approximately US$62.143 million, including US$15.035 million owed to trade creditors.

Operational Budget: The company stated a need for a US$13.4 million interim operational budget to cover the period from February to July 2026.

2. Is the 35B Share Issue Enough?

Bridge Funding, Not Full Paydown: The 35 billion share authority is primarily intended to provide "bridge funding" to install the new Xinhai flotation plant and maintain operations, rather than immediately extinguishing all $62 million in liabilities.

Significant Dilution: If all 35 billion shares are issued (in addition to the 14.2 billion already in issue as of Feb 25, 2026), it would result in massive dilution for existing shareholders.

Share Price Pressure:

As of February 2026, the share price has been trading at very low levels (e.g., 0.02p to 0.03p), meaning the cash generated per share is low, requiring a huge volume of shares to raise necessary funds.

Market Sentiment: The market has reacted to these proposals with high, with some investors expecting severe downward pressure, potentially reducing the value of the raise.

3. Contextual Factors

Potential for Further Issuances: There are concerns that even if 35 billion shares are issued, another Extraordinary General Meeting (EGM) might be required for further share issuance to cover ongoing operational expenses (opex) if the new flotation plant does not immediately achieve sustainable production.

Canmax Agreement: The company is under pressure to meet deadlines for its offtake and prepayment agreement with Canmax, which was extended to June 30, 2026.

Alternative Funding: The board has stated that if these resolutions are not passed, they would need to look for alternative funding, which could be on worse terms.

Conclusion: The 35 billion share issue is designed to cover immediate, critical debts and provide working capital, but it is not expected to completely eliminate all of Premier's long-term debt. It is a survival-focused, heavily dilutive move aimed at keeping the company afloat while trying to bring the Zulu plant to commercial production.

Impact on Zulu Lithium Project:

Premier African Minerals' Zulu Lithium project, which focuses on producing spodumene concentrate, must now comply with these regulations. While company leadership previously stated they aimed to produce concentrate—which was initially exempt—the 2026 tightening of the rules to include concentrates creates significant pressure on operations to move faster toward full local, downstream processing.

Operational Hurdles: The company has previously faced challenges, including declaring force majeure due to defects in their processing plant in 2023. The immediate ban, which includes materials in transit, adds immediate, severe pressure on their supply chain and revenue, as they are now forced to process within the country or risk halting exports entirely.

Long-term Strategy: Premier has been in the process of upgrading its plant with a flotation plant to produce on-spec spodumene concentrate. The ban reinforces that the company must complete this and potentially move further down the value chain (to sulphate or refined chemical) to continue operating in Zimbabwe.

In summary: The export ban forces Premier African Minerals to accelerate in-country processing, which carries high, immediate costs and regulatory risks, but aims to ensure long-term, higher-value operations within Zimbabwe.

Google:

Based on recent research and development updates from Quantum Blockchain Technologies (QBT), the company's quantum and AI-based products are designed to decrease, not increase, the energy costs for customers, particularly in the Bitcoin mining industry.

Key findings regarding QBT's technology and energy impact:

Method C Efficiency: QBT has developed "Method C," a proprietary technology using machine learning and AI, which has shown in trials to improve Bitcoin mining efficiency by approximately 30%.

Energy Consumption Reduction: This 30% improvement in efficiency can be used to either reduce the energy cost of mining by roughly 30% or increase the mining speed (hash rate) by 30% without increasing the energy consumption.

Lowered Operational Costs: QBT's AI Oracle, a key part of this technology, is designed to work with ASIC chips to reduce the overall number of required computations, leading to lower energy costs for mining operations.

Minimal Overhead: While the AI Oracle requires additional logic gates on the ASIC chip, the added energy consumption (the overhead) is minimal, estimated at only 1% to 4% of a double SHA-256 lane.

While some generalized studies suggest that early-stage quantum systems can be more energy-intensive than traditional computers due to cooling requirements, QBT’s specific focus on applying AI-driven quantum algorithms to Bitcoin mining is aimed at creating significant energy-saving advantages.

Google...

For a Reverse Takeover (RTO) on AIM with a backstop date of 13/02/26, the General Meeting (GM) notice typically needs to be sent to shareholders at least 14 clear days before the meeting, as per the Companies Act 2006 for non-AGM meetings. However, because notice sent by post is deemed delivered 48 hours later, and to ensure compliance with the 14 clear days rule, the notice is often sent 17–20 days prior.

Assuming a shareholder meeting is held on or just before the 13/02/26 backstop date to approve the RTO, the notice would need to be dispatched by approximately late January 2026.

Key Timing Considerations

Notice Delivery: "Clear days" mean the day of delivery and the day of the meeting are not counted.

Deemed Delivery: If sent by post or electronically, notice is often deemed to arrive 48 hours after it is sent.

RTO Specifics:

For an RTO, the AIM company will likely need to send an Admission Document (circular) along with the Notice of General Meeting to shareholders.

Recommended Action: The notice should be sent to arrive with shareholders by late January 2026 to allow for the 14 clear days before the 13 February 2026 deadline.

Disclaimer: This is based on typical AIM and Companies Act regulations.

Google.....interpretation....place your bets...

"Based on market developments as of late December 2025 and early January 2026, market sentiment regarding Vast Resources' (VAST) proposed reverse takeover (RTO) of Gulf International Minerals is highly conflicted, presenting a "high-risk, high-reward" scenario rather than a clear consensus for a rise or fall.

Arguments for Share Price Rise (Bullish Sentiment)

Immediate Production & Revenue: The RTO gives Vast 100% ownership of four producing gold/silver mines in Tajikistan (Aprelevka, Burgunda, Ikkizelon, and Kyzylcheku). This provides immediate, tangible production (approx. 10,400+ oz gold/year) rather than future promises.

Transformational Potential: Management views this as a "transformational" shift, moving Vast toward a mid-tier miner with solid cash flow.

Debt Reduction: The accompanying £7.5 million fundraise is intended to strengthen the balance sheet and refinance existing debt.

Arguments for Share Price Fall (Bearish/Dilution Sentiment)

Massive Dilution: Current shareholders will be diluted to roughly 20% of the enlarged entity after the transaction.

Excessive Consideration: Some investors have questioned if 80% ownership given to the sellers is too high, potentially suggesting the market might view the deal as overvalued.

Financial Distress Signals: The company has been dealing with debt, and the RTO is seen as a necessary move to avoid potential insolvency, leading to concerns about the long-term sustainability of the capital structure.

Suspension Pressure: The stock was suspended at 0.12p-0.13p. The market will react to the terms of the £7.5m placing (expected to be at a discount) upon resumption.

Conclusion

The market appears to think the stock will be volatile upon re-admission. The success of the share price hinges on whether investors focus on the added revenue from Tajikistan (bullish) or the substantial dilution and debt (bearish). The transaction is set to be approved, but the ultimate valuation will be tested immediately upon the lifting of the suspension. "

Google...."

Following an expected placing to raise approximately £7.5 million, along with a potential retail offer to existing shareholders, the total number of shares will increase further, diluting existing shareholders to a smaller percentage (estimated by some sources to be around 15.38%). The RTO is subject to shareholder approval and is a related party transaction under AIM rules. Trading in Vast Resources shares has been suspended pending the publication of an AIM admission document and a general meeting to vote on the transaction. "

Google....

"After the completion of the reverse takeover (RTO) with Gulf International Minerals, existing Vast Resources shareholders will own approximately 20% of the enlarged company's share capital, before any further dilution from associated fundraising.

The transaction is structured as an all-share deal where the current owners of Gulf (Bay Square Pacific Ltd) will receive shares representing 80% of Vast Resources' enlarged share capital upon completion."

Google search....

The official timeline for a decision from the Tajikistan Antimonopoly authority is ten days, though in practice, the approval process for a complex transaction like a reverse takeover (RTO) typically takes up to 30 days.

Vast Resources Example (Delays):

Vast Resources' own reports show how debt discussions and extensions can take many months or years, involving constant talks and alternative measures, highlighting that complex RPTs related to financing aren't quick fixes.

In Summary: A straightforward RPT might take weeks, but a significant one requiring shareholder votes or complex financing, like those involving Vast, can easily stretch to several months or longer due to regulatory hurdles and negotiation.

"In January 2025, the Company successfully raised £2 million (before expenses) through a

placing, ensuring it is well-funded to continue investing in its R&D pipeline, commercialisation

activities and, strengthening its balance sheet. These funds have been directed towards

expanding the R&D team, procuring specialist hardware and reinforcing operational resilience"

I was being conservative on cash burn for post June 2025 results....it could well be higher as commercialisation and r&d costs ramp up....

Net cash outflow for 6 months to June 2025............1.336 m Euros.........fact as per accounts...........cash balance at end of june 2025......1.7m euros

Do the maths......as I say running on fumes imho......

The company had cash of 1.7m euros at the end of june 2025........it burns just over 200k per month as per accounts.......leaving about 500k in the bank going forward into the new year..........surviving on fumes..........placing due ?

No, the suspension on Vast Resources PLC (VAST) shares is not expected to be lifted before the vote on the proposed acquisition's resolution at the General Meeting (GM).

Key Details

Reason for Suspension: Trading in Vast's shares on AIM was suspended from midday on December 22, 2025, because its proposed acquisition of Gulf International Minerals is classified as a "reverse takeover" under AIM rules.

Conditions for Lifting Suspension: The suspension will remain in effect until the company publishes an official AIM admission document detailing the transaction, or until it confirms that the deal has been terminated.

Timeline: Vast has stated its intention to publish the necessary AIM admission document in early 2026. This document will include the formal notice for the General Meeting where shareholder approval for the transaction will be sought.

Sequence of Events: Re-admission to trading (lifting the suspension) would only occur after the admission document is published and if the deal proceeds, following the GM and shareholder approval.

Therefore, the GM and the associated shareholder vote will take place while the shares are still suspended.