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LOLOL!!!
Look, I know this share has a reputation for being promoted by people who talk fast to slow-thinking people, but have a look through my posts and see if you can work it out for yourself. It's 'yes' or 'no'.
OK, for the really really hard of understanding, I can confirm Gutts that I do not own shares in Technology Minerals.
What an odd echo chamber that would be, Loon! A bit like a private, tightly controlled and moderated Telegram group I suppose.
As a proponent of clean, honest, efficient public markets I am entitled to comment wherever I wish. What I hate to see is honest people losing their hard earned money to the sharks that infest certain parts of the small cap market. This game is hard enough even when the wheel is not biased against you.
If you invest anywhere knowing and understanding all the facts, then different opinions are what make a market. But that knowledge and understanding is vital if you are to avoid becoming just another mark.
I'm not going anywhere.
"One small RNS" - covering control over nearly 12% of your company!
"Move on" - now why would somebody who only ever posts on TM1, and only ever with a strong buy opinion, want someone posting advising caution to "move on"?
I'll be watching this like a hawk Andy. And after Tuesday's announcement I don't think I'm the only one. The game might be up on this related party three card Monte.
"There is no share selling" - we'll see about that.
"They will be throwing off cash soon" - we'll see about that too.
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.
Don't 'bow to my superior knowledge' Toplocks, try to acquire some of your own.
My post is negative because 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.
For me that makes this uninvestable at any price. I don't have to own them all, and if I can just avoid the dawgs, buy a few solid, cash generative ones and get a couple of the more speculative calls right I will beat the market handsomely.
But it's not a zero sum game. There are plenty of participants taking a cut quite legally and legitimately too, so those who do get it wrong lose very heavily. I think long term holders here fall into that category, and will continue to take the pain along with newcomers suckered in by the telegram chit-chat.
Stick around by all means, it's your money the company has after all, but when it does unravel as I believe is only a matter of time, please don't say you weren't warned of your folly.
Yesterday afternoon's RNS looks very murky indeed.
The related party carve ups between TM1, Century Cobalt, Recyclus and CLG don't pass the sniff test I'm afraid. I wouldn't be surprised if there is now an overhang of the 11.98% mentioned yesterday as the lender tries to reduce its exposure under the loan. Any buying will be aggressively sold into, and that's why it finished red today. 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.
DYOR, etc.
Methinks someone is absolutely DESPERATE to talk this back up to 0.8 where he got spiked on the RNS that let RAB exit so he can bail out passing his holding to a bigger fool than him.
Because if this goes into the fours before he is forced to hit his red button, he won't have the rent for the bedsit over Christmas.
Post-truth through the ages :
"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. "
George Orwell, Nineteen Eighty-Four
"Market reacted positively to RNS"
Zen19, Two thousand and twenty-three.
Having held a small long term position this is now a major holding in my portfolio after the trading update. I've always liked it - a proper cash generative, debt free business with good prospects to buck longer term market trends.
Q: Why has there been no 'funding complete' announcement yet?
A: Because there is a problem with the syndicate.
[To be clear, I am NOT accusing the company of sitting on bad news. This may not have been communicated to the company yet. My guess is one of the debt funders feels they are being asked to take equity / mez risk but for a debt return.]
Q: Why are holders so keen to sell millions of shares at current levels if this share is going to multibag 'imminently'?
A: See previous answer. The share is not going to multibag from here until the project financing is secured. The candlesticks show any buying around the last placing price is aggressively sold into by those wanting out.
Q: If the Saudi assets are so sheet hot, why hasn't some of the $ gazillions sloshing about in Saudi looking for new non-oil homes bought them up?
A: The assets are not sheet hot, just sheet. They will not be commercial at any gold price we will see between now and the next ice age.
Q: When is the next placing?
A: Answers on a postcard to Jeff Keating, SP Angel.
Hahahaha stebo.... Yesterday wasn't the day. Today isn't looking good either.
It won't be tomorrow and as for 'imminently', well we all know what that means in Hapless Harry's world.
How about 'never'? Is 'never' good for you?
Despite Allied Gold starting years behind Kefi, with its Toronto listing last month it now has all the funding in place to develop Kurmuk with first gold pour Q2 2026.
Have any of the mad bulls here been able to join the dots yet?
Simms, you're talking absolute cobblers yet again. RAB have not been selling 'for months'. They sold their 3.51%, 138m shares according to the 3 May RNS, last Thursday. If they had been selling 'for months', there would have had to be an RNS when they crossed the 3% threshold.
RAB are out (and you have to ask yourself "why?", and "why last Thursday?") but the background overhang, from May placing sellers, remains. Apparently it was 360m shares sold last Thursday, not just RAB's 138m.
It will be rangebound at 0.7 until the 'funding secured' RNS. And you know my expected timescale for that.