Member Info for ajs8220

So THE_CHAIN please point me to the RNS where Atlas's fixed price conversion terms are disclosed? Or are you going to admit you made it up?

Borderline market abuse, pal. You really should learn to read RNSs.

To be clear, the bottom for TM1 is 0p.

If you want to make a bit of cash, buy AZN. I am confident over a 1 year time frame it will outperform this junk.

Must be a sell being worked in the background or the price wouldn't still be dropping. Pal.

Conversion terms haven't been disclosed.

You're just making rubbish up to suit your agenda. Again.

It is very carefully worded. It does not say the £1m loan has been fully repaid, only that the margin call will be.

The company is also silent on the £600k drawn under the first failed death spiral.

But even if CLG are now fully out, is that someone connected to Atlas selling in big chunks today to reduce their exposure - maybe some side agreement with Ofori not to dump until he was out?

Pure conjecture of course. But in the absence of any confirmation of conversion terms by the company, conjecture fills the gaps.

Anyway, someone is selling and the price is reacting accordingly. Whoever that is, they don't think price changing news is imminent either.

I would also point out that when I made that suggestion back in November, your board's latest guidance was to expect the prospectus in early Q1.

So three months and a couple of missed timeline updates later, who do you now trust to be calling this correctly?

Andy

I first suggested the RTO was unlikely to be approved in mid-November.

Four and a half months ago. Someone is standing in the way of it!

Two death spirals and £3.1m of drawdowns later, ask yourself whether the odds on it going through have improved, or deteriorated.

I think there is zero chance of the FCA waving this through. But if they do, I will still be here to eat as much humble pie as the telegram mugs can serve up.

I'm totally confident that won't be necessary.

I wouldn't bet on any bid "compensating for future earnings" DV.

There is a read across from Shanta, an actual producer in Africa, where a very slim premium to the prevailing price looks like going through.

Apologies for the lack of capitalisation in that earlier post. I typed it in Word and pasted it here. The LSE front end disapproves of that it seems.

back from a couple of weeks away. what did i miss?

quite a lot, and not a lot.

so q1 is finished, the quarter you were told would show so much positive news the telegram mugs would put the local ferrari garage on speed dial.

what did we actually get last quarter?

- a few tiny feedstock deals, some so insignificant they were rns reach marketing communications

- a failed death spiral with a dodgy provider backed by macquarie (because it worked out so well with them last time)

- a replacement death spiral with an equally dodgy provider backed by macquarie (because it worked out so well with them the previous two times)

- unaudited interims that don't appear to comply with uk gaap

- an admission that lead acid processing at tipton has been paused to focus limited resources elsewhere

what did we not get last quarter?

- tfs permit

- offtake agreement

- rto approval despite being assured several times, most recently on 13 february, that the prospectus would be out this quarter.

the business is still haemorrhaging cash. it has drawn £3.1m from various facilities since early november and has not announced anything to move the dial on cash inflows, which you can bet it would shout about if it could. contrary to uk gaap, the accounts do not consolidate recyclus despite it being an associate under common control so you cannot see how much the 'group' sends to money heaven every month.

i have consistently maintained that the rto will not be approved, and nothing i have seen recently changes that view. conflicting messages from the company in rns and interviews seem to indicate it is being rallied between the company, the regulator and this mythical 'second approver', but the fundamental concerns over the ownership history, funding, terms of the rto, recent death spiral ****ups and share price volatility / manipulation seem insurmountable to me. my guess is that at some point the fca will kick this so far into the long grass the company will be forced to fess up that it is not happening. then what?

the competition are disappearing over the horizon in terms of tech and commercial resources. whatever 'first mover advantage' the company thinks it had has long since evaporated. it is now just a cash guzzling dog of dubious pedigree and limited prospects.

when atlas really start selling out that £1.5m drawdown this will drop like a falling knife. see canadian overseas and vast resources for evidence of their 'patient capital' creds. was last week's 20m sell theirs?

target price 0p. it is now the proverbial bag of crisps stock. if you can get your dealing costs and a bag of crisps by selling, click the sell button and enjoy your crisps.

Another mug who doesn't understand the first thing about death spiral funding.

No wonder 'bob' is 'bust'.

It is not 'very exciting', Andy. It is pure PR fluff from a company completely devoid of any positive news.

1. It is a RNS Reach, by definition not price-sensitive.

2. It is a MOU, not any sort of actual contract.

3. It doesn't give any names.

4. It doesn't give any figures.

5. It originally mis-spelt the company's name, so was so hastily put together and desperately fired off into the ether to distract from the other RNS without even having been proof read.

If that is what passes for 'very exciting' in the telegram echo chamber today, it's no wonder you're all doing your conkers.

Wake up, man!

Gets pwned, says 'peace out'.

Typical telegram mug.

Cya.

Dusty

I would 'suggest' as follows.

1. Do not post insulting rants (19 Mar 2024 10:13) towards people you are going to ask for 'suggestions' within 48 hours. It makes you look like the sort of mug who uses single share telegram echo chambers.

2. Specifically with regard to TM1, sell your shares, count yourself lucky you got anything out (dozens of telegram mugs won't) and re-invest in something that isn't a related party bunco where ordinary shareholders are being shafted by the insiders. I would 'suggest' something that has an established business, generates positive operating cash flows, has solid plans to grow it can fund organically, and maybe even pays a dividend along the way. There are hundreds of them out there so quite why anyone invests in this junk instead on the empty promise of quick riches beyond avarice is completely beyond my comprehension.

You're welcome.

So you've replaced one dodgy death spiral provider (CLG Capital - prop C Ofori) with another (Atlas Capital - former employee C Ofori). Wow! Er, congratulations.

Except this time we're not told the conversion terms so you are more in the dark than yesterday, the forward selling from another provider could start again at any time. Did you also notice that they drew down £1.5m - an additional £500k to the initial ask from CLG? I conclude that Recyclus and TM1 are still haemorrhaging money. Would the board care to update on the operational finances? Don't be daft.

You also now have a leaky ship. A very hastily drafted RNS with no proofreading, confirming details revealed in TW's article yesterday. Why wasn't the market informed earlier about CLG's default? You can bet the FCA are all over this now. RTO approval against this backdrop? You must be joking. TW's insider will no doubt be feeding him more stories as this spirals down. Get ready for more revelations.

All accompanied by another ramptastic RNS Reach about black mass refining. No names or figures, naturally, but no doubt the telegram mugs are lapping it all up.

Pass the popcorn. It is going to be fascinating watching it all slowly unravel from here.

I'm a subscriber. Like minded on TM1, we differ on lots of other things.

His bear calls are well worth heeding. His longs? Not so much.

Why "forthcoming"? Why not today? Why not now?

Because there has arguably been a false market in these shares since CLG's involvement was first mentioned via RNS in early November.

So if their hand had not been forced by Winnifrith's leak today, when would they have let you mugs (you know, the people who actually own the company!) know wtf is going on?

It is no way to run a public company. Which has kind of been my point since my first post here.

Nothing to do with me pal.

But I do know this, without an alternative source of funding your company is ****ed, and your supposed RTO (yeah, right) is double ****ed.

I think at the very least you're owed an updating RNS, do you not think?

And in the meantime, when's the next death spiral drawdown?

Looks like that is the only price mover actually arriving in Q1.

Siempre mañana.

Like that RTO, the chances of which recede with each passing day.