Member Info for ajs8220

I have no idea what being "part of the TW crew" entails. I am a subscriber to his website but have never met him nor even ever spoken to him.

And as I've stated consistently, I'm not going anywhere. Pal.

So we're clear, there's "what other posters keep telling me" and what the chart and trades actually show.

Who has been proved right time and again this last month?

You need to re-read what I wrote pal.

I said that all buys wod be swamped by large sells at all prices down to about 0.65. That is the price at which the interest declared on 7 November breaks even, including the coupon for one year.

If they sucker in enough mugs to mitigate their risk at higher prices, they'll be happy and may even choose to go lower than 0.65 if they haven't cleared their position by then.

It has been sold lower ever since 7 November. The large sells keep coming, the overhang is still there. I am 1 from 1.

But there are none so blind as those who will not see.

You mugs were saying exactly the same, almost word for word, this time last year.

Still, hope springs eternal for '24, yeah?

500k shares is £5k. Although he likely paid a lot more.

You've been spouting this cobblers for years Simms and you're no nearer production now than you were then.

The funding syndicate still doesn't have credit approval despite almost a year of being 'imminent'.

Someone doesn't like the risk they perceive for the return on offer. And there's not a single thing Harry, The President of Ethiopia or the Secretary of the Dennis The Menace Fan Club can do about that.

Read the 7 November RNS. That tells you all you need to know.

...another million sell goes through, sopping up any and all buys from telegram mug punters exactly as predicted.

Have you been able to figure it out yet?

"Allegations proven to be false"

"There was an admin mistake"

"No misleading the market"

Well, from where I'm sitting, if there was an "admin mistake", the market was misled and the allegation is spot on!

We're in BoJo territory here, whether he did it, whether he intended to, whether it was deliberate.

And we all know what happened to him.

Hey SeagullsFan, good to have you back. Given that your share has fallen by 30% since I first posted here two weeks ago and is still falling like a sack of spanners this morning, I wonder if you and your mate AndyOzwald could confirm if the telegram echo chamber still echoes to the sound of people laughing at me?

There sure is a lot of BS on these boards at the moment Moopoo. Take Mrmillion's latest contribution for starters.

I said on 8 November, after the RNS introducing us to CLG Capital LLC, that "any buying will be aggressively sold into". It was 1.325 in the middle at the time. As I write after the heaviest volume day since, it closed at 0.95, down again today, and nearer 0.65 now than when I first called out that dodgy related party RNS. With newsflow elsewhere not necessarily to the company's advantage, it seems the skies are blackening with chickens coming home to roost.

You were warned, but didn't read and didn't heed. None so blind as those who will not see.

Simms, with all this talk of 'global upsurge' and the like, you do know there isn't a mine nor even a road to a mine, and that Hapless Harry has been telling us production is 2 years away for the last... oooh... TWELVE YEARS is it?

Still here. Still watching drip-drip sells of six figure amounts as more mugs from the telegram group are topping up and someone (guess who) sells into any and all buying.

Fascinating RNS. No meaningful financials, naturally, so we're left to fill in the gaps ourselves. So here goes.

That the company is £475,000 into the £1m facility provided by 'a shareholder' tells us that it is chewing through cash at an alarming old rate. That there is headroom is meant to reassure, however without further details of the current cash burn and headroom on the various other convertible loan facilities, if there is any, there are more questions than answers from the crumbs you were thrown today in yet another spoof announcement.

This company really does seem to attract a certain type of unsophisticated investor blindly buying because, well, if they were cheap at 1.5p, they must be the sale of the century at 1p!

I maintain that there is a seller willing to meet any and all demand above about 0.65p. The price may be allowed to drift up and down on the tide, but overall the trajectory will be down, and plenty of small private investors will be left holding the baby.

Let's see, shall we?

Down 25%+ since SeagullsFan told you there would be "no selling" off the back of last Thursday's RNS disclosing, in the words of one poster, "complex financial manoeuvring".

Yet the telegram mugs keep coming, so the seller keeps selling.

None so blind as those who will not see.

More pain to come for holders next week. The overhang is nowhere near cleared yet, and it looks like the seller will be happy pulling in more mugs anywhere down to about 0.65.

BGHanson : "there’s some complex financial manoeuvring going on that i don’t fully understand"

That makes a share instantly uninvestable for me. If I can't immediately see how the operations I'm funding will throw off cash that directly comes to me as a shareholder, it's an immediate avoid.

The dealings and relationships here are so opaque, and involving a number of multi-listed entities with some colourful characters, that anything the company and executives say cannot be relied upon, as they have shown.

The Reach announcement earlier this week was a complete spoof. TM1 has next to no interest in those assets and the development of them. It is not financially material, or else it would have to be a full, regulated RNS. No finances were mentioned, just a load of guff about how exciting it is, puffed up by no doubt very expensive reports about the grades and geology, and how it is all going to be exploited oh so sustainably.

Promotion of these structures usually only has one purpose - the enrichment of the directors and related parties at the expense of, you guessed it, the private investors.

RNSs like that of 7 November, and the subsequent drip, drip selling, are a warning all PIs here should heed.

I think the FCA is already looking very closely at this, and if the RTO prospectus approval is delayed there is an obvious liquidity problem for all these entities. A problem which again sucker PIs will be whipped up to fund through the telegram group.

Don't fall for it.

The larger trades this morning all sells. Down she goes again.

Have you telegram echo chamber fools been able to work out what's going on yet?

Come on, it's been over a week since the RNS that should give you a clue.

I know I've been calling holders here some names over the last week or so, but this chump NewInvestments is on a different level of stupid.

"Echo chamber secure, captain."

Andy

What happens if, with the opaque related party deals and colourful chancers involved here, the FCA takes the view that it would rather have cleaner, more orderly markets and keeps kicking the TM1 -> RE1 reverse takeover prospectus into the long grass?

What then? Who is left holding the baby?

Not those drip-drip-dripping shares into the market over the last week, that's for sure.

Thank you Marco. There will be more to come as research progresses.