focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hmm… It came across as though things weren’t exactly going his way. He seemed a little stressed and the responses he gave during most of the interview were strange - spent a lot of time talking about his personal achievements as though he was in a job interview. It’s an unsettling time to be an investor, but they say the best time to buy is when there’s blood on the streets…
Do we think the BOD would save any big market moving news (like new contracts) until after the RTO? Surely they would want to have major announcements capable of sending the SP significantly higher under the Recyclus ticker. I guess that would help offset the share dilution?
Even though the sp is tanking at the moment, I take great comfort in the fact I didn’t buy anywhere near the ATH.
For the sake of all holders here, I hope the company manages to find its’ way through this difficult phase. If not, well… dems da breaks.
Worst part - it’s not even near bottom.
Fingers crossed the RTO goes through in Feb and the dilution doesn’t turn into a total shafting.
Some news about revenue / contracts would be nice too. Although, not sure it would have a positive impact on sp right now.
Saw this, thought it was interesting so thought I’d share. https://techround.co.uk/news/microsofts-ai-powered-battery-discovery-could-replace-lithium/amp/
Looks that way. I do wonder who has 5m to sell at that price point? If it’s a board member, why not just hang on for 6 months and sell once the sp bounces back after the RTO? Maybe a private investor cutting losses?
interesting seeing the back and forth discussion on here. quite entertaining.
i’m a shareholder. i bought the last dip with an average of 1.16. for what it’s worth, i’ve sold more than half my position but still holding some.
i’ve been doing some research over this last week and wanted to share my thoughts. hopefully it comes across as balanced, but would welcome views.
my reasons to hold: it’s a disrupter in the market with a ton of potential. it’s hard to deny that. totally agree with others assessment of the potential value based on them achieving a full run rate across all sites. robin seems well connected in the industry and is already involved in government discussions about future of battery recycling. the hard work is done to lay the foundations and they have some great traction.
my reasons to sell: there’s some complex financial manoeuvring going on that i don’t fully understand and if i don’t understand the risk, i don’t like to stay invested. to me, it seems highly likely robin and alex will do a sizeable share issue to the tune of 1bn additional shares to takeover the recyclus business. that will for sure have an immediate impact on the share price and usually these things go in one direction.
they are also changing the ticker to rg1. from my understanding, that will probably involve a ************** and i imagine that shareholders will receive fewer shares than they hold right now. 1:2, 1:5, 1:10. who knows.
as someone else pointed out, the bod have been selling through cbl to avoid having to disclose insider selling. that also doesn’t quite sit right with me and adds an element of doubt.
we’ve had a bunch of positive rns over the last few months, yet the sp is falling.
i’m fairly confident i will lose a good proportion of my investment in the short term. specifically after the takeover. what i don’t know is how much value will be wiped out, how quickly and to what extent the value can be clawed back as the business grows and sp increases.
if the reverse takeover wasn’t happening and the company was unlikely to go through a share issue, i would be loading up. perhaps i might buy in again in the new year but for now i’m sidelined.
again, would welcome thoughts from those more experienced.
Interesting take. I interpret it differently. TM1 is a start up operating in a new market. Literally the first of its kind in the UK. Start ups come with risk, especially when pursuing rapid growth. The biggest killer is obviously cash flow. It’s not uncommon for this type of company to isolate the risk by putting in place a legal and financial structure which protects the core business from defaults or liquidation. I read this RNS as the board shifting risk to Century Cobalt. Fine.
As investors, I think everyone’s aware there is risk involved in investing in this company. It’s not a sure thing. The question is whether we believe the management team have created something of value and if they have enough traction to make it a success. Personally, I think the answer to that is yes.
For what it’s worth, the kick in the nuts moment for me was the government pushing back the zero emissions vehicle target to 2035. But hey… that might change again.