Member Info for Jameschoo

The fact that Canmax just willingly locked themselves into 2.7 billion more shares proves the deal is alive behind the scenes. The formal extension announcement will drop when the ink is dry.

If canmax are happy to take shares then im happy to as well, bought some more.

Plasmerman how have canmax taken money from prem lol did u read the RNS?

Plasmerman...How is leaving half a million dollars inside Premier's bank account 'taking money out of their pockets'?If Canmax wanted to bleed Premier, they would have demanded the $628k in cash. Instead, they took paper, meaning every single cent stays in Premier’s pockets to fund the mining operations and build the ROM stockpiles.Also, we aren't trapped playing Canmax's game anymore. That is exactly why the Glencore LOI exists—to restructure the debt and diversify the offtake. Canmax is taking shares because they know keeping Premier alive is the only way they see their asset succeed. Basic economics.

Jag.. Tell us you don't know how to read an RNS without telling us.

Not a placing: This isn't a fresh cash raise. Zero new shares were dumped on the market. It’s a debt-to-equity conversion where Canmax swapped $628k of interest debt for paper.

Learn basic math: The 0.0168p is just the mathematical average of four separate historical fundraises going all the way back to April. It isn't a new markdown price.

Headroom fact-check: This follows the automatic anti-dilution rules from the December 2024 Addendum to keep Canmax exactly at 13.38%. It doesn't drain the core 24-month operational placement headroom.

Every penny of raw cash remains inside the business to mine ore and build the ROM stockpiles. Keep trying."

Good news.

The next RNS will be the extension and possibly more information on funding.

If they thought the company was going under, they would have demanded raw cash or forced a default after June 30. Instead, they took paper at 0.016826p just to maintain their exact 13.38% stake after the recent retail placings. They are keeping Premier alive and preserving cash because they want the Zulu asset to succeed.

Plasmerman.... It wasn't a 'bung' or a freebie, Canmax paid for those shares by wiping out $628,702 of real interest debt that Premier owed them.

Today's RNS was purely for the interest-to-equity conversion under the 2024 terms. The Long Stop Date extension talks are a separate thread. But look at the behavior: Canmax converting interest into 2.7 billion shares right after the June 30 milestone shows they are staying constructive and supporting the company while checking the plant data. They aren't acting like a creditor preparing to liquidate.

Managing the Canmax debt package systematically makes Premier a much cleaner, safer target for Glencore to finalize its binding offtake deal.

Thats great news, Canmax still on board with full support!!

This aged like milk. Fresh RNS completely destroys your 'administration' theory:

Canmax chooses paper over cash: Canmax just converted $628,702 (£466,158) of accrued interest directly into shares instead of draining the company's cash.

Strategic backing: Canmax didn't dump; they deliberately exercised this to maintain their exact 13.38% stake in the company. They are locked in and protecting their position.

Cash preserved: Every single penny of working capital is kept inside the business to mine ore and build the ROM stockpiles for the continuous 30-day run.

The major creditor is actively cooperating and converting debt to equity at 0.016826p, while the plant prepares for its continuous run.

Filter out the fake panic."

Pure noise and classic deramping. Let’s look at what the actual LSE RNS updates say:Plant Status: It isn’t 'shut down' due to a failure. The June 2026 RNS updates explicitly state the new flotation plant successfully completed its initial runs and commenced processing ROM material. A temporary pause to build back stockpiles for a continuous, steady 30-day run is a standard mining procedure, not a shutdown.Timelines: They hit the Q2 target to get the flotation circuit active and feeding ore. Moving into Q3, the natural step is optimization to hit the required grades.Funding & Admin: 'Insolvency in weeks' is the oldest copy-paste line on AIM boards. Funding is tight, but they just closed a £800,000 subscription for working capital. The Glencore LOI is the clear endgame to handle the Canmax debt once continuous production numbers drop.The physical asset works and achieved peak sample grades of 5.58% Li₂O. Filter out the board junk and read the actual filings."

Easy trade down here IMO

A Glencore offtake deal will completely replace dilution with institutional funding. IMO

If its because i said 6.2% Li₂O, this is what was achieved under the watch of GR, so is easily achievable again.

What did i say that is not correct?

Checked and correct

Looking ahead, our priorities remain clear: to complete the optimisation of the upgraded flotation circuit, establish sustained plant operations, advance discussions with existing and prospective strategic partners, and secure the funding necessary to support expanded mining activities and the continued development of Zulu.

Morning all, I joined the party yesterday, here's to a bright future.

Glencore Deal: Global giant lined up to buy the lithium and rescue the company from debt.

Canmax Debt Solution: A clear path to fix the massive $35 million debt that is holding the stock price down.

Plant is Live: The upgraded flotation plant is active and feeding ore right now.

High Grade: Testing proves the mine can hit 6.2% Li₂O, easily beating the 5.5% target needed for export.

Lithium Rebound: Global lithium prices are bouncing back past $20,000/tonne.

Rock-Bottom Entry: The stock is at a tiny micro-cap valuation due to past delays.

High risk, but the upside is massive if this turnaround lands.