The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cut your losses, live your life
By the time this shares worth anything TM1 will be long gone .
It could have been excellent if asset was sold for cash even half the price 5 mil cash .?but hey that will tillt the situation so tou have shares that you cannot sell untill February 2025 .Not good at all for TM1 LTH .
Nothing have changed apart from TM1 shareholders are in worst than before position as another big asset is gone .Few lucky sellers this morning managed to sell at 1p Absolute disaster was hoping we can get to 1.3 but hey that will not happen again this year by the look of it .
Then he is one of those
Hardcore does not realise there is a difference between Pounds and Dollars.
If he can't even understand basic exchange rates, I'm not sure why he is investing money or trying to give people investing advice. :)
10m worth of shares, and if you look at everything Critical Metal Corps have in the pipeline I’m sure the 10m pounds worth of shares will be worth 15-20m by next year
Quids in pal
HC1, you don't read what people tell you, do you? For 2nd time this morning they haven't sold licence for £10M. It's $10M in shares which they canna touch until Feb next year. Do the exchange rate yourself. So what we hope for is an increased share price by next spring with those shares. Do you understand now?
We're is the negative in my post hard-core, your not one of those are you?
I'm chill troajan, I've been invested hear a long long time, it was 1 of my 3 first ever investments made so I'm with Andy I've read it all, I was just a little dissapointed to hear they sold the project. Only time will tell its benefits.10 million worth is good, but are start of like to end lithium supplier tag will end surely?
Dusty don’t throw your dummy out the pram.
It’s always been know if you listened to the previous pod casts that tm1 are junior miners.
They do the initial leg work and then once data has been completed they look to sell it to a major player.
They have said this from day one.
For me, they have now gone above and beyond by selling the assess for 10 million pound.
Huge news
There are no negatives.
No worries, I've been here for almost 3 years and am still learning as I go. And you are correct, there is nothing wrong with asking questions. It's how we learn more.
I'm not a member of the board by the way haha. Just an investor who has been here a long time and probably read every little piece of info ever put out. I'm a bit sad like that :)
You just need to chill out a bit dusty.
theyve done well to get £10 mill,that's a cracking price,for just a license.
Apology accepted Andy, just get it from all angles on my investments, nice to not have it here. So sorry for my recent
i was just about to day horult, isn't it nice to have an investment you can ask, be theoretical and convey with others avout without egos or being jumping in telling you you know *******s about your investment. i mean we read through same information provided. andy must be a board member, or a telegram heavy weight, and we're low iq investors, i'll go back in my box and not ask more questions here
Sorry Dusty, wasn't meant to be in a condescending way. Sometimes things sound different in written messages to what they intend. Just wanted to make sure you understood, apologies if it came across wrong. ;)
Thanks Andy for educating me, in a nice condescending tone Monday morning.
Forgive me for asking questions on my investments, or asking theoretical ones.
Nice to be put straight and told I don't know as usual.
Enjoy your day
I don't think you understand what the company is about Dusty. The mining side, TM1 are junior miners. This is what junior miners do. They purchase projects, move them up the value chain and then sell them on for a profit. This is how these companies make money.
This was always the plan with the mining assets. Sure they could have leased them out or had earn-in agreements, but the easiest way to make money is sell them on for a profit. Which is basically what they have done here.
I'm sure they realise that money, when they have access to it next year, will be better used on the recycling side of the business which is likely to bring in bigger profits.
Fantastic news this morning and makes perfect sense.
EV sales are down, Chinese economy down, a lot of hesitancy in the worldwide marketplace would tell me that it would be wise to limit exposure to mining lithium to produce new products for what can ultimately be discretionary purchases and instead focus on recycling the ones already in existence which are coming to end of life.
An astute bit of business.
Still need a lot of other things to fall into place, given the company is still not profitable - however, this deal limits its exposure to potential further losses.
Still need the other bits, though..
I suppose its a good sign, if your about to become profitable and things are about to start moving, restructuring and removing parts of the business that are adding additional costs is smart management. They wouldn't be selling, especially for shares that are in escrow if they didn't see the next 12 months being financially viable to run without it. More ducks in a row
There is also a risk of having too many plates spinning. I was always a little concerned that TM1 was spreading themselves a bit too thin. With a number of projects, all requiring ongoing funding to progress them and none of them generating an income.
I am quite pleased to see a bit of thinning from the books, and hopefully soon revenue streams from the recycling
Https://www.proactiveinvestors.co.uk/companies/news/1045778/technology-minerals-surges-higher-on-leinster-licences-sale-1045778.html
a good bit of pr.
So basically, they know its worth, but the costs are not manageable long term but are willing to sell it for work done and achieved so far, in the form of 10 millions worth of shares in European lithium, in the hope that once they complete the project those shares will be worth substantially more, without the continual funding and costs to keep running it. 10 million is a good amount considering there only just in the teething part of leinster.
It's a gamble and I suppose relies on European lithiums sp in the future.
Never like to see parts of company be sold off, but rolls royce done similar recently and I suppose restructuring can be beneficial long term
Absolutely, and this also allows more focus on the core business.
A positive RNS, and the only people who could disagree, will be the de-ramping rabble.
A good sensible deal done.
TM1/RG1 know there is more money in the recycling side of the business. So selling this for what we assume it a pretty good profit makes perfect sense.
Also remember they have not technically left the mining asset. They are still very heavily invested in it, now to the tune of $10M worth of shares. So if the asset performs well those shares will go up in value and be worth more.
This option though gives them the access to easy cash once the shares are out of the lock-in period which is early 2025. They can choose to cash out on those shares or keep hold of them depending on what the situation is in Feb 2025.
Well I guess it allows them to reap from potential rewards - without the constant funding/dilution required to explore, drill, build mine/plant etc which will take many years and many, many millions
AndyOZ, 100% it provides a potential future funding stream that was not there yesterday so regardless of the noise it’s positive for the company overall and I am sure can help with leverage as well going forward.