Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I own a decent chunk of this company, c. 3m shares. I have been a holder for around 6 months. However I am thinking that if I had put that capital in a fund, like the Scottish Mortgage Investment Trust, it would have been a wiser move. This stock had promised so much but is just not delivering. Management are far too slow, very reactive and not proactive.
• The stock traded at approximately 0.975 GBX, with a slight movement of -1.02% on that day, bringing it to a real-time price of around 0.98 GBX .
• Over the past year, the share price has experienced a decline of about -29.09%, with a 52-week range between 0.600 GBX to 2.80 GBX .
These figures indicate a volatile journey for Technology Minerals PLC, with significant swings in its stock price over the year.
Getting a little worried now as this seems to be a non-progressive journey…
We are all feeling a little impatient, the CLG funding debacle has set us back some, combined with the TFS delay. I still think there is significant upside here for the patient.
Six months is a very short space of time for a start up company. You have not been here long at all. I've been here for two and half years. Seen the various highs and lows. The company has made massive progress in that time. Admittedly it has been slower than we would have liked but new start ups always come up against unforeseen obstacles.
Anyone can moan when they see a share price go down. It's human nature. But what you really have to do is look at the company you are invested in. Have they made progress? Are they in a strong position? All these factors. When you look at them properly and with a clear head and ignore some of the rubbish that gets spouted by keyboard warriors, then you see this is a really promising little company with a bright future.
Well i have been involved since the beginning although not on this platform.. followed it all hence had a decent holding between myself & son. The progress you refer to is Recyclus & Libatt with the funds from TM1 shareholders. I'm not moaning the price goes down just average down if you believe so no worries there.. My worry is why TM1 in the 1st place rather than just float Recyclus.. I understand why they did this risk-averse which given the prospectus I wasn't worried about.. NOW I am worried given the trajectory of TM1 in comparison to the other elements and the top management don't seem too concerned they are getting into bed with spiral loan sharks paying top dollar through TM1 NOT other elements. THIS IS NOW A RED FLAG. Only 1 thing that will make this better is the amalgamation of the 3 elements nothing else will do. Would Recyclus given what it owns be better suited to getting funding.. this answer has to be yes.. So again why TM1
I'm sorry but if you have been here from the start you really should know the answer to these questions. It's no an easy questions to give an answer to on a forum like this, but again, if you had been following the journey for the past three years this would not be something you would be asking.
Answer is when things go wrong we will pay for it .
Now if you think someone do care about shareholders you must be on another planet .Just imagine that you need to rise money in the current market .Aks yourself why ccl did not wanted all the shares back but only 130 mil out of 180 .
Well it’s turned blue, let’s see if an rns is on the horizon.
Good luck all
"Answer is when things go wrong we will pay for it .
Now if you think someone do care about shareholders you must be on another planet"
Part of subscribing to an IPO is that you take on some of the risk to be able to gain from any reward.
It is up to the indivual to decide whether they trust the board, their vision for the company & their strategy. You also are trusting them to value the shareholders. If you are not convinced by these things then there is no point of investing.
I did like the video the other day - the chap that went looking for dirt he could dig up on Labatt. He struggled to pull it apart, as it turns out that Recyclus are doing what they've announced and have nothing to cover up.
This was a positive in terms of trusting what we are being told. They have made good progress that has been hindered by red-tap. Really hoping they can pull off the news that we're all hoping for very soon.
Ask yourself 🤣🤣🤣, you yourself something for me.
How stupid do you feel on a daily basis having to peddle nonsense
Absolute rubbish you try to belittle inferring ignorance when the dynamic has changed greatly since the beginning.. now the pieces are coming together but not in a positive way at the min.. Stick ur condescending comments where the sun does not shine.. bad or good should all be talked about and not shy away from and especially not bullied from.. OK
Do you know what PR is ?
So the chap was looking for something but turned up and it's all champagne and roses .And yes exactly when the new Isa starts .:) To me its fishing. :)
Same story as we are now cash positive and few week later CLN ded spiral. Where is the RTO ?
Q1 year? 3024 may be .
Miller67, this was exactly my concern when I first posted here in November :
"The related party carve ups between TM1, Century Cobalt, Recyclus and CLG don't pass the sniff test I'm afraid... Any buying will be aggressively sold into. It may be allowed to float up and down on the tide as new mugs are suckered in via telegram and other chit-chat, but the overall direction will be down. Anyone buying or holding here is asking for it IMHO.
Second post :
"I have done a little homework since the RNS and none of the reasons I can come up with for structuring this series of related party deals like this are positive for TM1 shareholders."
Third post :
"OK, I'll be blunt. There is one very obvious potential reason why you would structure the deal between the three related parties in the way they have. The funds come from mug punters recruited in telegram groups and via other chit-chat buying shares in TM1. Who is selling? Read the RNS again really carefully and try to join the dots for yourself.
This deal, between the related parties and on the terms disclosed, is not a normal straight up loan facility between a lender and a borrower secured on the assets of the borrower. You have to ask yourself why? And when you think about that, who wins and who loses becomes clear.
Look, if you think this is about to start throwing off tons of cash, the debt all gets paid off and you are left with enough enterprise value to make you all richer than Richard the Rich, that's great. Fill your boots.
But I'm telling you, that deal disclosed on Tuesday is not the sort of normal, commercial transaction a good public company with good prospects would do on a 10% margin. IMHO it lines up holders and future buyers here for a potential shafting.
So if it does end up that way, don't say you weren't warned."
And five months on, I stand by it all.
As “ So if it does end up that way, don't say you weren't warned."
And five months on, I stand by it all.”
Five months on ,many of us are wondering why you spend so much time on a share you say you don’t hold and “wouldn’t touch with a barge pole”
You raise a very good point. I sold some of my other shares today that I saw as going nowhere (NIO, if anyone’s interested.) and used the funds to buy TM1. It hasn’t once crossed my mind to blow up the respective NIO forums telling other investors as such. Seeing posts on this forum is making me consider whether to channel my inner altruist and spend countless hours raising awareness to all those poor souls who still have their funds in there.
Lol.. so what would the point of all these investor groups be if not discussing the sp given good or negative.. strange way to think.. can understand if a person is not invested.. but long or shorter all have their place/say
Misty, I am a proponent of clean, honest and efficient public markets. I want those researching shares to be aware of the likes of Cleverly and his associates where they have been involved in related party deals such as this.
New marks walk past the bunco booth every day. I will be here with my warnings for as long as it takes for the bad actors to leave town.
So I'm interested as to what's your obsession with Cleverly? Tom Winnifrith (to whom you subscribe, or are) is a West Ham fan. Cleverly & Stanbury both tried to buy the club through their PAI Capital vehicle about ten years ago. There is something going on, some specific beef with these people that you both have rather than being a general 'proponent of clean, honest and efficient public markets'? Brundle has distanced himself publicly from Cleverly.
They are all previously connected, including the other member of the West Ham consortium, through
https://find-and-update.company-information.service.gov.uk/company/12813334/filing-history
Why don't you come clean and explain your possible connection? Maybe this would help your case?
To be honest Loggy, I don't think anyone's interested in ajs' Winnifrith inspired ramblings. Both ajs and Winnifrith as irrelevant non-entities who troll for clicks.
TM1 have put out an RNS saying chris cleverly has nothing to do with this company, either directly or as a related party, and hasn't done since 2021. It's in the RNS section in black and white.
And here is AJS, making out yet again, that he does, with no proof. I suggest everyone here report his post for being libellous / defamatory like I have, and maybe LSE will finally do something about a problem poster who has basically admitted he doesn't own this share, never will, and is only here to make trouble.
Flypanam / Loggy, the directors of your beloved company could put out a RNS every day for a year regarding their historic association (fact) with Cleverly and still the stench of his involvement would not go away.
What is my obsession? Cleverly has lost shareholders almost everything in every public company he has ever been associated with. The most recent being Tingo, in connection with which there are now live indictments for securities fraud. When your company put out a RNS in early November disclosing a related party deal with entities Cleverly was previously involved with, that tripped my radar.
My carefully worded assertions are NOT libellous. They are a matter of fact, which is a bombproof defence against defamation in any jurisdiction you care to bring a suit in.
Still, at least we're discussing it which is better than ignoring it and hoping, wishing, praying that the regulator turns a blind eye and waves your RTO through.
RegulatorUK, interested enough in it to make sure any posts on Cleverley's involvement here keep getting deleted.
Obviously hit a raw - and very current - nerve with the Board. What do they have to hide?
They aren’t inspired.
They are the same person.
Indeed, long suspected, now inherently obvious. The gigs up Winny.
Not sure why everyone is worried about AJS and Cleverly, what’s required is some action on intake and production of BM to minimise the DS, and to put some credibility back in the company from all the failed promises. Companies House will tell you all you need to know re the gossip.