Member Info for 4PetesSake

It reads as follows:

“ Metals One was up 50 per cent on Friday after the critical metals developer expanded its agreement with DISA Technologies to evaluate and potentially treat abandoned uranium mine waste dumps at its Uravan Belt project in Colorado.”

What it doesn’t tell you is that it had its intraday spike at 2.4p and subsequent fell back 40%.

The fact that JamesTrader71 (The mega ramper of QDE/MAST - which is now in suspension) is now here does not bode well for MET1 as he always picks losers. Just checkout his history.

This was a great prediction by Monty on 3rd April.

“ The SP was 2.2 March 2, so an average weekly drop of .2. If this continues it will hit 1p just before the AR release date end of April -possibly below 1p in anticipation of bad news which will then drop it well below 1p -possibly down to .5 p...”

Throughout April Monty was consistently referring to this reaching 0.5p after the AR.

However the one thing that we didn’t see coming was the Auditor’s last minute resignation, which has really put the cat among the pigeons.

0.5p now looks very optimistic. The lemmings were warned and had every opportunity to jump ship on 30th April when they knew enough to make that sensible decision, but like Captain Never Maidit, (who also captained the Cineworld ship) they have chosen to stay on board as she sinks.

You can lead a horse to water, but cannot make it drink.

Never Maidit

You are trying to put a brave face on it, but deep down you must be bricking it 💩

Smithy

I hope you got out before the suspension.

Scouse

First of all they need to find and appoint an Auditor. I would expect that Old Egghead would announce this in an RNS. Then after that they have the task of doing the Audit of the 2025/6 accounts and publishing them to everyone’s satisfaction. Therefore don’t hold you breath.

So someone bought 13,300,000 at 1.7427p a share. Total Value £231,780 last thing today.

The big question is what it will be worth next week. Should it fall back to 1.2p that’ll be a loss of £72k and it’s already halfway there.

Nickbee

And many who bought at the top of the spike have lost over 35% in one day. It’s all down to timing. Experienced Traders may have made a profit but most who bought above 1.5p are now nursing losses.

Janiax

If you got in at 2.317p you bought on the top of the spike, that is when the smart traders were selling and realising their profits.

Some people never learn 🙄

Saloon

To have multiple identities is contrary to LSE Rules and gets you banned. Bearing in mind that that you and other have speculated about this and reported it to LSE numerous times. Have you been unable to work out why we are not banned? - Probably not‼️

The reason is because LSE know categorically that we are different people. Please do go ahead and report your suspicions as you will be left with egg on your face 🍳

Has it never entered your tiny little mind that there might be more than one person on this forum called Pete? Again - Probably not‼️

I would’ve thought that anybody with any intelligence looking at the different writing styles would be able to ascertain that they are not remotely similar.

Just why you joined this the LSE forum and have rocked up here with a huge interest in investing in a near insolvent company that has plummeted almost 99.5% in 8 months makes the mind boggle.🤪

Puzzled Pete

You are spot on about MET1, which is also heading for 1p and due to QDEs suspension will no doubt now win the race to this ignominious milestone.

Tools are useful, but you are not. Most of your posts don’t even have any relevance to QDE, and are just personal attacks. I imagine this boosts your little ego and self esteem. 😂😂😂

Saloon

Agreed, It does, it does indeed. or was that a Typo 😂

In the 13 days since you joined LSE you’ve posted 155 times - about 12 posts per day. Clearly you had a previous Identity on here but became so horrendously unpopular that your mummy suggested that you create a new one. Please tell us who you were before, we’d all love to know.

I have no anger, I just can’t stop laughing at you. Have you ever thought of becoming a clown? 🤡

Benroon

Anyone invested here obviously knows the massive link to Bitcoin and therefore is aware of the volatility in the SP.

You said this was a “Death Spiral” at 123c couldn’t have been more was wrong, given its 60% rise in the last 6 weeks. You’ve only got to look back at the rise in 2024 from below 50c to over 400c for an indication how quickly this can climb when Bitcoin surges.

120c was a great entry point particularly as it now looks like 200c will be tested later this week.

Saloon

I think you’ve been propping up the bar for a bit too long and need to sober up a bit old chap. You clearly are a person that doesn’t know your own mind as several times now, you have told us that you are leaving this BB only to very quickly go back on your word and return like a sore rash. A double minded man is unstable in all his ways and you are certainly that.

You announced in your post that the share is suspended, well I never, as if we didn’t know that. Have you just read the 2 RNSs on 29/4/2026.

That you cannot understand the relevance to shareholders of what I posted about Crowe exemplifies you naivety and total lack of awareness.

Nearly all of my predictions on QDE have come to pass including the last placing. You are unable to predict anything therefore my friend, you are “ THE IRRELEVANT ONE”.

Manrudh

It concerns Crowe, who were QDEs Auditors before they resigned. The point of the post is that even if an Compny’s Auditors suspect fraud is occurring within a business that they have no requirement to flag this to the shareholders.

Therefore if any fraud has taken place within QDE, which many suspect to be the case, Crowe will have liability to the shareholders.

The case at the high Court relates to a company that dealt in Wine before going into liquidation.

At Court, in a stated case, Crowe auditors had no duty to report fraud to individual shareholders

The High Court ruled in favour of the audit firm Crowe after liquidated wine scheme directors claimed they did not flag fraud to individual shareholders

The High Court refused an application to amend a statement of claim to assert that a company’s auditors had a duty to report suspected fraud directly to individual shareholders.

In The Wine Enterprise Investment Scheme Limited (In Liquidation) v Crowe UK LLP, the court held that the proposed amendment had no real prospect of success, reinforcing established authority that an auditor’s statutory and common law duties are owed to the company and not to individual shareholders.

The High Court refused an application to amend a statement of claim to assert that a company’s auditors, Crowe UK LLP, had a duty to report suspected fraud directly to individual shareholders.

The price of mast shares at the launch date in April 2021. when there 188,564,036 shares in issue was 12.5p however with the 1:40 consolidation that would equate to 4,714,100 shares at 500p if the SP had remained unchanged.

However with all the placings and warrants to raise funds the number of shares in issue today is 261,590,690.

Therefore had the SP stood still for 5 years the M/Cap would today be £1.308 BILLION. Instead it is £3.14 MILLION, That’s 99.76% less than might have been.

So, where has all the money gone? Whose pockets have been lined? Why is the company now so close to insolvency? Was it just dreadful mismanagement or has it been a deliberate SCAM?

Answers on a Postcard to Mr Egghead.

Chavi

Your theory is probably very close to the reason and you may be spot on.

Buried Treasure

If you look back at Alboumphotos posts on QDE, you’ll see that he is not a fan of the company and loves to post facetious, “tongue in cheek” comments. He in no way believes that a long suspension will create great demand or that it is a sure fire winner.

His posts are not intended to be serious but are intended to make you chuckle 😂

When an auditor resigns suddenly and a company is suspended, the timeline for a new auditor to produce the audit can range from 4 weeks to several months, depending on the reason for the resignation and the state of the company's records.

Because the suspension suggests high-risk circumstances (such as a disagreement over accounts, or suspected fraud), the new auditor must perform extensive due diligence.

Estimated Timeframes:

Best Case (4–6 weeks): If the resignation was due to low fees or a simple, non-contentious disagreement, a new auditor can start immediately. They will still need to perform planning, risk assessment, and substantive testing on the financial records.

Typical Case (2–3 months): The incoming auditor must adhere to professional ethics, which includes contacting the outgoing auditor to understand why they resigned. If the previous auditor's resignation was due to lack of trust in management or failure to provide information, this investigation period is longer.

Worst Case (3+ months): If the financial records are in disarray, or if the new auditor identifies material weaknesses in internal control, the audit will take significantly longer.

Factors Affecting the Timeline:

Auditor's Risk Assessment: Since the previous auditor left mid-term, the new auditor must perform intensive risk assessments (as per ISAs) to avoid being associated with potential fraud, which increases the time needed.

Handover Quality: If the outgoing auditor provides full access to their working papers, it speeds up the process. If they left because they were "challenged," that information must be reviewed.

State of Financial Records: The speed depends on the SME having clean, year-round records. If the new auditor uncovers incomplete records or gaps in documentation, the audit is delayed.

Appointment Process: While directors can appoint a new auditor to fill a casual vacancy quickly, finding a firm willing to take on a high-risk assignment may take time.