Member Info for BlaimThrower

In your opinion. Not mine and many others who sold though.

Yes, £900k is possibly going into #TM1. That's good.

It's the fact that every piece of business they have done is with a company owned by their own directors. Pay for a mining survey. Use a company owned by a director to do it. Potentially sell 10% of mining licence to another company. Do it to a company owned by a director. It's money flowing between co's owned group of directors and I'm surprised there is only me that sees this as a little suspicious.

When I start to see transactions that bring money into #TM1 and don't involve a company owned by a current director of #TM1 then I'll possibly start to re-think my opinion of #TM1's long term prospects.

Regards the EA permit. I probably have as much as a clue as anyone else on this board as to when or if it will be granted, which is zero. In my personal experience of investing I've found that EA permits tend to drag on a lot longer than expected. That's clearly been the case so far as they had the plant as down to fully open a few months ago. I'm not sure it will even get though by this year but that is entirely my personal opinion (guess) so don't take that as any form of fact.

I'm one of the sceptics

Am I disappointed I sold. Yes and No. Yes I'm disappointed I didn't wait a few weeks longer. Maybe in the future I could have even got out with a profit but I didn't want to take the risk. I'm not disappointed I'm out as the latest RNS just further confirms my suspicions that this is a lifestyle company. Look at the bottom of the RNS. Every little bit of business TM1 does ends up with a director getting a kickback from it. Here's the RNS extract.

Related Party transaction

"The Proposed Sale and grant of option are deemed to be related party transactions for the purposes of DTR 7.3 as Chang Oh Turkmani, a beneficial owner of the Buyer, is also a Non-Executive Director of Technology Minerals Plc and beneficial owner of 55,555,556 ordinary shares amounting to 4.37% of the issued shares in the Company."

No, it really isn't SGF. That RNS is another alarm bell today. Something is not right here and I think I might have to cut my losses. I'm 38% down but paying other companies they own for work, buying shares with other companies they own and the CFO jumping overboard after such a short time is not just coincidence. I think this could be just another shady AIM company.

Maybe I'm wrong but I'm not often wrong on these calls. I can't always pick the winners but I always seem to be able to spot the dodgy ones.

Quite possibly basta, yes. (Serious answer)

CTEA could well have run out of money and is unable to raise anymore via placings because of them having no real business for people to invest in.

The warrants that you say will fund the plants wil also likely stifle the share price as warrant holders cash in along the way. There are a LOT of warrants and there is no way a good chunk of them won't be sold off for a quick profit. Obviously some warrants are locked in but they're in the minority.

This is my largest holding but I'm looking to get out now. A few things have spooked me.

0 numbers since listing. No details on who is going to be using the plants. Someone has to pay for things to be recycled. Who is it and how much are they committed to? Do we actually have any business lined up for the plants?

The delay in financial reports just adds to the above. I've only ever seen this used as a delay tactic to try and move business and sp on before announcing poor results. Even if it were a genuine delay its not a good sign that a company can't get their accounts on time.

But the biggest one for me is that they paid Aurum £78k for exploration work (in warrants). Aurum where Scott ROBB Wilson, who is a director of TM1 just happens to also be a director. It smells too tory like for me. Essentially paying themselves for work.

And how have you come to the "generating decent revenues" conclusion. Weve currently no idea how utilised the plants are or will be. Im getting bad vibes from the lack of numbers here. The acid battery plant has been open around a month and there has been no update on what its been doing.

The day isn't over yet.

Expect us to have two feet in the 2p zone tomorrow, after that RNS. Delayed results are never good and the market won't like that news. I know I don't.

I'm disappointed that they haven't got the lithium ion plant online in March as they said. It was supposed to be Feb at first then March, now April. The SP will drift further until it gets opened. I think we're at a point where the RNS will now stop the rot but not really kick the SP into life like I thought I might have originally.

I think to see this SP really kick on we need some financials or details around contracts for usage of either plant.

You're wrong biglad. Bradley said so.

It was literally there in black and white for everyone to see that this company is/was a scam but some people didn't care as they just wanted to rqmp it at the expense of gullible investors and some were just too stupid to see it even though many others and I tried to warn you

They need it soon. I think thr market is waiting for that update before it will react.

And then we need news on who is going to be using these factories or some numbers on whats gone through the floor and how much cash its brought in. Otherwise the SP will drift.

Fair enough. It's a theory. Good luck

Still not answered the seller question though ;)

CATENAE INNOVATION PLC
TRAFALGAR PROPERTY GROUP PLC
CRAVEN HOUSE CAPITAL

I cant be bothered looking about the other 2 companies debt. So, that question about the seller. Are you going to answer it?

I'll tell you what will happen here. At some point they will try and raise and no-one will be interested. Not even the pump and dump crews as they know they won't make any money. No sensible investor believes this company will ever achieve anything. With that and the spread its a poison challace. Then it will delist as they will run out of money.

So anyone bigging this company is either a pump and dump merchant after their 10-20%
A fool
Or just a gambler

Because there is literally nothing pointing to profit ever being achieved.

There are 3. There is a reason they are worth what they are too. They all have no real business. They are just heaven for pump and dumps as they're easily moved on small amounts of money. So, back to my question.

A mere 10 sells today
Just over £5k sold
Largest trade was under £2k
No pattern in the size of sells

So how can you come to the conclusion that the seller is gone? That phrase is usually used when a large seller has finally finished offloading. From trades today it looks clear to me that its just PI's selling.

Seller cleared? I'm seeing nothing in the trades to indicate a big seller has finished. There has been about £5k of sells gone through today. How is that a seller clearing?

Now thats a good baseline to keep in mind Greeno

I csnt wait to hear the amazing progress that has been made on the following supposedly game changing ventures.

Afrik-id
Synnovate Global
HyperNeph

Clearly you were right Bradley. This company is going places.
*I may have the names spelt incorrectly but I dont want to sift through all the pointless CTEA RNS to check.

No, it really isn't Greeno. In fact. Its a terrible baseline to keep in mind as its nowhere near being true.

Treasures. The phrase 'clutching at straws' comes to mind.