Member Info for Jameschoo

Would Glencore would be interested in RHA, the answer is an absolute yes. Glencore isn’t just a miner; they are the world's largest commodity trading powerhouse. Their entire business model relies on locking down long-term marketing and offtake rights for critical minerals .

Tungsten is currently facing a brutal international supply crunch because China is locking down exports . Glencore is already actively dealing with Premier on the Zulu asset and knows the regional logistics perfectly.

Now that the Zimbabwean President has cleared the political red tape and assigned the 51% stake to the ZMDC, Glencore has a clear path to wrap RHA into their existing infrastructure. They want critical materials, Premier has a 100% owned plant ready to go, and the government wants the mine open. The synergy is obvious.

This is now worth 10 x prems current market cap.

Acker, some cant.

For anyone missing the bigger picture on the RHA Tungsten RNS, today’s presidential decree directly unlocks a competitive bidding war for Premier's secondary asset.

Historically, Premier has received solid interest from international buyers for RHA, but deals were entirely blocked because the Zimbabwean government’s 51% stake was stuck under an inactive indigenisation fund. No major mining corporation is going to inject millions of dollars into an asset trapped in legal limbo.

By personally intervening to transfer that 51% stake to the Zimbabwe Mining Development Corporation (ZMDC) and explicitly ordering them to urgently engage with Premier to restart commercial operations, President Mnangagwa has officially cleared the red tape.

Premier owns 100% of the physical plant infrastructure on-site and a 49% stake in the underlying resource. Managing Director Graham Hill explicitly noted the strong level of initial interest they are already seeing around a potential transaction. Because tungsten is a critical mineral experiencing an absolute global supply crunch, Premier is no longer a desperate seller trapped in a single-buyer corner.

They now hold the keys to a processing-ready asset in a booming commodity environment where European benchmarks are trading at historic premiums up to $2,995 per mtu. Multiple interested parties mean genuine bidding leverage, giving Premier every opportunity to secure a highly lucrative, fair-value transaction for shareholders.

This is exactly why the new RNS is a massive game-changer. Since Premier owns the plant, and the President has finally forced the 51% mining claims out of bureaucratic limbo over to the active ZMDC, any incoming international buyer has a clear path to make a deal with Premier to switch the built facility back on.

The second RNS confirms that the Zimbabwean President has personally approved the transfer of government shares in RHA Tungsten to the ZMDC, with a direct order for them to urgently engage with Premier to restart commercial operations. Premier owns a 49% stake in this physical asset, and with global tungsten prices currently trading at historic premiums up to $2,995 per mtu, unlocking this secondary project brings massive hidden value. With two strategic assets, a major debt wipe out, and a global trading giant waiting in the wings, Premier's current market cap is an absolute joke.

Premier's own PEA calculated the mine could produce 24,000 tonnes of concentrate, generating $435 million in revenue and $271 million in free cash flow based on a historical price of just $288/mtu.

Today, the global supply crunch has pushed tungsten product prices exponentially higher, with some benchmarks trading between $2,250 and $2,900/mtu.

Premier owns a 49% stake in this physical asset. Now that the Zimbabwean Government has cleared the red tape and ordered ZMDC to urgently move forward, unlocking this asset at today's booming commodity prices makes Premier's current market cap look completely absurd.

This is a massive operational breakthrough for a completely separate asset. With global tungsten prices soaring, Premier now has direct written confirmation to progress commercial transactions that will unlock major value from RHA.

That is two massive RNS filings in a single day—one clearing short-term debt and preserving cash, and the other unlocking a massive tungsten asset with presidential backing. The "lifestyle scam" narrative is officially dead.

The plant is built, it hit peak sample grades of 5.58% LO, and the team is currently stockpiling ore for the continuous 30 day run to lock in Glencore.

Stop posting absolute junk and learn how to read an RNS.

The pile got smaller because it was supposed to. Once those initial hot runs successfully proved the plant's capability by hitting peak sample grades of 5.58% LO, they paused processing for a completely standard reason: to ramp up aggressive contract mining.

They are stockpiling ore right now in July because they need a massive buffer zone of raw material to support a continuous 30 day production run without interruptions. It is about matching extraction rates to processing timelines, not digging random dirt to please chat board critics.

Jag, The math and the logic in your post are completely warped.You keep repeating that Graham Hill added 40 billion shares over the last 12 months, completely ignoring the fact that he was only appointed to the board as a non-executive director in late 2024 and took over as CEO much later. The massive historical share printing was done under previous management to fund the entire initial build of the Zulu plant.Furthermore, your claim that Premier only has 2 billion shares of headroom left completely misinterprets how the December 2024 Addendum operates. Canmax's anti-dilution conversions do not eat into the board's general working capital placement limits; they are a pre-authorized, separate legal structure. Premier is not running out of operational headroom in the next few weeks, and Canmax would never vote to authorize a 200 billion share pool at 0.0009p because it would vaporize the value of the 13.38% equity stake they are actively spending millions of dollars to protect.Your breakdown of the June 11 tranche is equally deceptive. Canmax did not choose a low price today because they are desperate. They were legally forced to match the exact placement price that retail and institutional investors took on that exact date. The plant is fully built, has already proven it can hit peak sample grades of 5.58% LO, and is sitting on a massive physical asset. The dilution phase is wrapping up as the mining team builds stockpiles for the continuous 30-day run required by Glencore, not expanding into your imaginary 200 billion share fantasy.

Raay....You are completely failing to grasp basic corporate cash-flow accounting.Wiping out a legal cash obligation of £466,158 that Premier would otherwise have to pay right now fundamentally prevents cash from leaving the corporate bank account. In mining accounting, saving cash from leaving the company has the exact same economic impact on working capital as putting cash in. The primary reason Premier has any cash left to execute the current mining plan is precisely because institutional partners like Canmax are continuously absorbing their returns in paper instead of demanding hard currency.Regarding the plant, your claim that it will not run anytime soon completely ignores the last regulatory text. The core commissioning phases are fully complete, and the recent temporary pause was enacted for a completely standard operational goal: to accumulate massive run-of-mine ore stockpiles. The company does not need a massive new dilutive fundraise just to restart commissioning, because the plant has already completed initial hot runs and successfully proven its capabilities by hitting peak sample grades of 5.58% LO. The headroom limits are being preserved specifically to maintain operations through this stockpiling window until the continuous 30-day run triggers the binding, debt-resolving Glencore contract. Stop trying to spread unbacked panic.

Jag, You are writing complete fan-fiction and clearly have no idea how corporate governance or share authorities work on the AIM market.Graham cannot simply choose to print 200 billion shares on a whim.

Any expansion of share headroom requires a formal Extraordinary General Meeting vote, and institutional shareholders like Canmax would aggressively block any reckless dilution that destroys the value of their own equity. Canmax just locked themselves into a 0.016826p average price to maintain their exact 13.38% stake, and they certainly would not vote to allow billions of shares to dump at 0.008p to wipe out their own investment.The reality is that the heavy dilution phase is drawing to a close because the plant upgrades are complete and have already proven their capability by hitting peak sample grades of 5.58% LO. The mining team is currently stockpiling ore specifically to launch a continuous 30-day production run.

That run is the key requirement to lock in the binding Glencore contract, which brings institutional backing and replaces retail share placements for good. Your 200 billion share fantasy is completely detached from the actual regulatory filings.

Jag You are completely inventing your own version of the RNS and ignoring basic market mechanics.

Read the actual text, The conversion today was NOT at 0.0136p. The RNS explicitly states the average issue price for today's shares is 0.016826p

It’s a historical calculation, Canmax didn't pick a low price today. Under the December 2024 Addendum, they legally matched four past funding rounds going back to April, which included conversions at 0.0200p and 0.0185p

Cash preservation, This wasn't a cash raise, it was a debt wipe out Because Canmax took paper instead of demanding £466,158 in cash, that half-a-million pounds stays inside Premier's bank account to fund mining and build the ROM stockpiles.

The Glencore Factor destroys 0.008p, Your 0.008p fantasy relies on the company failing. But the upgraded plant works, it achieved peak sample grades of 5.58% LO, and they are currently stockpiling ore for a massive 30-day continuous run. With a multi-billion dollar Tier-1 giant like Glencore lined up for an offtake and debt rescue package, the asset is worth exponentially more than this current valuation. Canmax knows a binding Glencore signature completely re-rates this stock.

Solid Liquidity Floor, The new total voting rights stand at 46,074,267,822 shares. This massive share pool at micro-cap levels creates a heavily liquid floor. The stock is tightly wound up right here at rock bottom. Canmax just converted nearly half a million pounds of debt into paper at a 0.0168p average to maintain their exact 13.38% stake because they know the endgame.

Stop trying to twist the math to fit your deramping narrative.

The Glencore Factor also destroys your 0.008p fantasy, If a multi-billion dollar Tier 1 giant like Glencore is actively lined up for an offtake and debt rescue package, the asset is worth exponentially more than this current micro-cap valuation.

Canmax isn't stupid, they are locked into a 0.0168p average because they know a binding Glencore signature completely re rates this stock

Its best to stick to facts jag, dont you agree.

Jag, Your 0.008p fantasy: If a multi-billion dollar company like Canmax thought the shares were dropping to 0.008p, they wouldn't have locked themselves in at a 0.0168p average today.

They are protecting their 13.38% stake because they know the raw asset value once continuous production launches.

Keep shouting about 0.008p while the major institutional creditor actively supports the equity.

Jag,

Desperate cherry picking. Try reading the actual table in the appendix instead of just scrolling for the lowest number:

Canmax converted at 0.0200p in April, 0.0185p twice in May, and 0.0136p in June

The average conversion price is 0.016826p

They didn't get a special discount. Under the December 2024 Addendum, they are legally required to match the exact same funding prices that retail and institutional investors took in those rounds

The past dilution hurts, no one is denying that. But the fact that Canmax is executing these matching tranches after the June 30 milestone proves they are maintaining their exact 13.38% stake and backing the asset.

Keep crying about summer parties while the biggest creditor protects their equity position.

Exactly. Notice how Canmax didn't try to increase their stake?

They capped it precisely at the 13.38% status quo. If they wanted a hostile takeover or to squeeze Premier out of the Zulu asset, they would have converted aggressively to take majority control.Instead, they are maintaining their exact position.

This proves they are deliberately keeping the structure clean so Glencore can step in and finalize the main offtake deal. Canmax wants their money/spodumene secured, not a messy takeover. It shows total alignment behind the scenes.

Jag, You say “43bn to 46bn” as if you’ve uncovered a secret.

Everyone knows issuing shares causes dilution.

What you conveniently ignore is that Canmax accepted shares instead of cash. That reduces a cash liability and shows they’re still prepared to deal with PREM.

Funny how you only ever mention one side of the equation.

I find its Always best to stick to facts.