Member Info for NaPoM

I'm hear for the long term like many LTHs I know. Not worried about your reaction tbh or the couple of hundred quid you've invested lol

Plenty of news to get through yet so good luck with your buy in target

Think the RNS today explains that RHA will be revenue producing by next month so last month's placing could be the last for working capital. PREM has 28,000 tonnes of tailings to get through which should last over 4 months enough time to develop the underground mine and get RHA back to sustainable levels of production.

I think PREM are asking ZESA to guarantee the continuous supply of electricity. RHA is already connected to the grid.

On basis that its a friendly loan. You know exactly what im saying....no need to ve so concerned as you are not invested here. Move on.

Didnt we do the same the last time you were "worried" about the loan

Friendly loan can and will be extended. LTH holders continue to hold and will increase their holding. TR1 holder hasnt even started buying again yet.

All fabricated imo acker. Everyone knows this lol.

Acker you need to worry about your fevertee losses...worry about the fortune you've invested

RHA news is just the tip of the iceberg. More to follow

Acker sold again trying to get in cheaper lol

Also, the $14m loan account with RHA means the govt wont see $$ from rha profit for years. If the govt gives the equity ownership back to prem which by law prem is entitled to it and gives the govt 10% ownership instead, for example, this way they could get a share of the profit from RHA sooner rather than later.

If a merger at subsidiary level does happen, it opens possibilities of a reverse merger. RHA and Otjozondu both producing revenue in a year's time, prem will be at higher sp enough to buy out MNH with shares and cash.

If the govt do not give prem the funds to develop rha. Prem will have the right to increase their equity to 90% which will give prem the option to jv RHA

Merger between PREM and MNH if were to go ahead, it could be done by
1. a merger by absorption (eg. Prem buys out MNH)
2. a merger of both to form a new company
3. a merger of wholly owned subsidiary - rha when it starts producing could merge with the manganese asset Otjozondu which is the subsidiary of MNH.

Option 1 cant happen for obvious reasons.
Option 2 timing is not right as both companies still realising full potential of their assets.
Option 3 is a viable option imo as it opens a route to a reverse merger.

Acquiring more of MNH will likely result in some sort of equity swap at subsidiary level imo. MNH like the assets that prem has.

GR did not take into account the expectation of rising revenue from manganese asset in the future. He mentioned revenue at current levels (prior to Dec 2019) was not enough to pay working capital.

Unless sp is at multiples of what it currently is, LTHs will vote against a share ceiling raise. Prem is now revenue producing via the manganese asset plus rha revenue in a dew months meansworking capital is covered for 2020.

Govt funding RHA dev at no cost to prem. $14m loan account means profit from RHA revenue will go directly to prem so there is no need to buy the 51%. LTHs will flat out vote against a share ceiling raise.

You can ask the same question to many junior miners on AIM and the answer from most of them will be not a lot. But not many have the assets that prem has...one of which is months away from profitable production.

Your entitled to your opinion...some people claim that man never landed on the moon but it doesnt mean it didnt happen