Member Info for Bluebelly

We were reasonably steady around 30p. 25% knocked of the mcap, since then, hopefully the bottom is now in.
The 50k seller should be investigated, but the FCA appear blind to these goings on or toothless.
Have bought a small amount this am, as not much free cash available.

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Nat-Pi: however I do expect the Mozambique acquisition to be next which will be a different story.
I hope so too, but we will then be assigned the debt.
From: https://www.rns-pdf.londonstockexchange.com/rns/8155I_1-2021-8-16.pdf
Tirupati to Acquire Strategic Mozambique Graphite Projects from ASX Listed Battery Minerals
Key Transaction Terms
• Subject to the satisfaction of the conditions to the transaction, the Company will acquire from Battery Minerals 100% of the issued share capital of Suni Resources (a Mozambique incorporated
subsidiary of Battery Minerals), all related intellectual property relating to the Montepuez Project
and Balama Central Project, and will be assigned the shareholder loans owed by Suni Resources to
certain Battery Minerals group companies amounting to c.AU$29 million for a total aggregate
consideration of AU$12.5 million;
• Of the agreed consideration, AU$1.5 million (c.£0.8 million) shall be settled in cash at completion;
• The balance of AU$11 million (c.£5.8 million) shall be settled by the issue of 5,667,288 ordinary shares
in the Company ("TG Shares") at an issue price of £1.03 per share, being a 10% discount to the 5-day
VWAP prior to the date of entry into the acquisition agreement in two equal tranches, the first 2,833,644 TG Shares to be issued on completion of the Acquisition and the second 2,833,644 TG
Shares to be issued eight months after the completion date;
• 50% of the TG Shares will be subject to a lock-in for 8 months post completion;
• 50% of the TG Shares will be subject to a lock-in for 20 months post completion;
• Accrued VAT Refunds to the date of completion claimed in Mozambique shall remain to Battery Minerals;

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How oversold can a stock become?

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Nice to hear ShareInvestment
Agree: A fantastic opportunity to buy at these levels.
It could slow the project road map, but at some point the tide will turn.
Big money to be made at that point.

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Apologies, I should have used the term AIM. Being listed on the Main Market should come with the benefit of better finance option due to the increased corporate governance required.
Agree Glengarth; The added benefit of the CFS will give much better figures for the market to react positively too.
29.5p- wish I had more cash available.

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InvesterOll - Thanks for that comment from Puruvi Poddar - ” We do not have any plans to raise funds at the given share prices levels. Please be assured our views are aligned with you and other shareholders on this. “
Two line of thought on this;-
1. They are very confident of improved output and increased production number IAW the project plan and soon.
Or
2. They would be naive to get to a cash level where a death spiral type finance is the only option remaining to raise cash. A small injection of cash at this level would ensure all bases are covered.

Could have been done at 50p when production numbers/grades were known, around 31st March 22. Final results date, they then get audited, then RNS’d for release about Sept.
Slide from mid April @ 80p. Typical AIM - shareholders last to know.
Seemed a bargain around ipo pricing- now 33% lower. I’m sure the Proddars are feeling it too!

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TRY replying to their tweets with the question on raising cash through equity. May be they’ll deny it, stating company is funded until XX/XX.

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I would like to see news of the completion of the hydro-electric project. This will improve cost of production, once Sahamamy comes online- around two months.
Vatomina operations- achieve higher grade deposits - around 4%
Column flotation system at Vatomina up running to assist achieving target capacity.
These prices won’t be seen again if there is a sniff of success in the above.

There is still a 50k seller about. Madness unless , it is forward selling, as has been mentioned.

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6. the roads are likely the main question as you have emphasised.
I Imagine they will work on the worst sections of the road, Those that caused the most issues this season. That may involve sorting out 100-200m sections with metalled surfacing concrete waterway underneath, some of which may come from TGR's own process (A metalled road is covered with small or crushed stones.) This could improve the route quickly and cheaply, leaving problems only during the worst of the weather. So six weeks down time could become 2 weeks or less- Use as a maintenance shut down. Improved planning - longer hours during the dry season, utilise any non usage time for vehicles, reduced hours during wet season.

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Wow, thanks for that info Glengarth
Their shareholders will feel screwed over, that's a massive haircut. They also have to hold them for:
'50% of the TG Shares will be subject to a lock-in for 8 months post completion'
'50% of the TG Shares will be subject to a lock-in for 20 months post completion'.

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All resolutions passed????

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From the transaction document: https://www.rns-pdf.londonstockexchange.com/rns/8155I_1-2021-8-16.pdf
' The Acquisition will enable the Company to achieve its stated strategy of diversifying country risk with a second primary resource location and provide advantages of higher-grade deposits with c.9-10% TGC;
• The c.60-70% medium and small flake graphite anticipated from the projects, which are preferred by certain end users in the lithium-ion battery anode and are a feed stock for micronized graphite, enable the Company to prioritise its premium jumbo and large flake Madagascan resources to premium markets for these products and applications.

Of the agreed consideration, AU$1.5 million (c.£0.8 million) shall be settled in cash at completion;
The balance of AU$11 million (c.£5.8 million) shall be settled by the issue of 5,667,288 ordinary shares
in the Company ("TG Shares") at an issue price of £1.03 per share, being a 10% discount to the 5-day
VWAP prior to the date of entry into the acquisition agreement in two equal tranches, the first 2,833,644 TG Shares to be issued on completion of the Acquisition and the second 2,833,644 TG
Shares to be issued eight months after the completion date;
50% of the TG Shares will be subject to a lock-in for 8 months post completion;'

Will the deal fall through or have to be modified? At todays price it will settle at £2.6m

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'Tirupati will hold the advanced Montepuez and Balama Central graphite projects in Mozambique, alongside associated technical intellectual property related to the assets.'
'Long Stop Date for the transaction to be extended by three months to 29 July 2022, with further extensions possible if required.'
'The Acquisition includes all associated assets, infrastructure, permits, licenses and intellectual property on both projects for a total consideration of AU$12.5 million (circa £6.6 million) in a cash and shares deal. The Acquisition is subject, amongst other things, to the mandatory shareholder approval of Battery Minerals and approval of the transaction by the Ministry of Mineral Resources and Energy in Mozambique.' Aug 21 RNS.

Could this be part of the reason for the fall in SP -17th Aug the SP was 116p and the deal would have required 5.7m shares and no cash, now it will need 21.2m shares. I believe the Longstop date may need to be moved again or cancel the deal. How important is this deal to the current production ramp up?

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It all stinks!
Normally, you would expect to see a notification via RNS channels that 4D have been notified that they are in default of the loan caveats and have 20 working days to comply (or similar).

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Unless told differently, the AGM should still take place.
Unless the BOD forget, but surely the Company would keep an up to date diary.
Is DP still paid £20k/month to carry out company business?

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I would not be surprised to see dilution of up to 33% around this level to improve the cash situation.

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SJ1
Good point re SEC filing info. Putting UK holders at a disadvantage.

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All those buys today, I believe are sells as the price drops slightly each time. Is there a big buy order going through?
Let's hope this is the start of a reversal.
Seems overdone, for a company with revenue and improving operations along with reduced costs from a hydro electric development.

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From the article - 'At this stage, 4D Pharma plc's subsidiaries remain outside of an insolvency process and continue to trade.'
Trade?? Continues with their work for Merck etc.
Are they close to a big success? Drag this process out and pick it up for peanuts. Why pay a $1b for a milestone payment when you can have the lot for $100m. Tupe the staff across, BOD get favourable positions.

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I can't believe there is not a way for 4d to get the funds together to pay the outstanding debt $7-10m ish (US$13.86 million total debt to OF).
OF seem hell bent on suspending 4D, thus preventing cash being raised via dilution. Big Pharma involved??
OF should have notified the company of their intention, which could have been relayed to shareholders and an equity raise could have been done. Leaving 4d debt free but a requirement to raise funds for carrying on. We were valued around £60m/$74m 3 weeks ago. Something seems very underhand/bent/crooked with how this has been allowed to happen. There's companies out there in much worse debt positions than 4d.

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