Member Info for buried_treasure

Invested ten years ago, still invested today. During which time Adams has delivered ZERO turnover. Nil. Nada. Rien.

You mate are a stock promoter's dream. Perpetually one RNS away from riches beyond avarice.

Stockholm-syndromed mug.

SB_1964

"I cannot imagine a better time in history for a junior gold miner to go unconditional with financing and move into a mine build phase."

How about 10 years ago, chump?

"Cashed up"??? You'd be cashed OUT by now you mug!

Point of order Upshunt.

First gold expected 2016, not 2026.

Old Harry, eh? What a card.

THE_CHAIN

That's only half the story though, isn't it?

The company couldn't issue the shares in January because it had already maxed out its ability to issue new shares in the 12 month period under the listing rules without publishing a prospectus.

Why does it not want to publish a prospectus you may ask?

Well, in my honestly held opinion it does not want to do that because

a. It doesn't have the money to draw one up (just look at the interims), and

b. To publish one would lay bare what an utter rum 'n coke this company and its associate is, and

c. Those signing off on the document would be on the hook for the company's solvency for 12 months from the date of signing.

No, best to just wait for the 12 month rule to no longer apply.

The board are almost out of headroom on the December share issue authority. Then what?

Game over, that's what.

In other news, CRML stubbornly remaining under $1.50 despite a pumpety-ramp of the resource estimate at their project, sorry, asset (they haven't actually done any mining, just talking about how it's going to the stratosphere when they do. How they fund that development has not yet been addressed).

This stock remains for financial masochists only.

You see, this is where you mugs fall down. You could have bought double the number of shares... for the same price.

Charts are bunk. They can no more predict future share prices than they can predict the next colour on a roulette wheel.

If anyone says they can tell you based on historic movements whether a share is going up 10% from here before it goes down 10%, or the other way, be very wary.

If past share price patterns could predict future share patterns, all chartists would be billionaires.

Instead they try to sell you their book for $20 or their system for 'only $5 a month'.

Utter charlatans, the lot of them.

Now THAT would be bull****.

Clearly Mr Market thinks it's bull****.

"Nothing that will bring the company down..."

I don't know which balance sheet you're reading Elrathia, but if the creditors don't get you, the loan notes definitely will.

The company hasn't got a hope of repaying those notes as they fall due. Administrators should be in there today. I have no idea how the directors feel they can limp on racking up new liabilities every day.

As I've said before, I hope they are being well advised. There is personal liability at stake now.

The derivative financial liability unwinds because the noteholder will no longer accept conversion, but wants cash repayment. Increased the interest rate in the renegotiation too.

How do they continue to pay the admin costs?

How do they continue to pay the ongoing losses at Recyclus?

How do they pay the already racked up creditors and accruals?

How do they pay the loan notes as they fall due?

It's bust. No other word for it. Anyone buying the equity is insane.

I think the mug Dusty is in complete denial.

You haven't got 3 years. You haven't even got 3 months.

Last weeks news from Devon

"Altilium is pleased to showcase the successful production of the UK’s first EV battery cells using recycled cathode active materials (CAM) at the UK Battery Industrialisation Centre (UKBIC), the UK’s national battery manufacturing scale-up facility.

The breakthrough marks the first time that recycled materials have been used to produce new battery cells in an industrial environment in the UK and marks an important step towards the development of a circular economy for EV batteries.

The pouch cells were manufactured at UKBIC’s state-of-the-art facility in Coventry using Altilium’s recycled EcoCathode™ NMC 811-2036 CAM, produced at its recycling facilities in Devon."

Compared to that, your battery crushing plant in Wolverhampton producing 20 tons of black mass a month is a sideshow.

Altilium and its backers are living the dream Brundle, Stanbury and Cleverley had five years ago.

And you mugs are left holding the bag.

"We are the only one in the UK"

Another lie from Dusty.

You may have been first but while you were playing value destruction games with CLG and Atlas, Altilium and several smaller players took your position as the go-to battery crusher and black mass seller.

Altilium are now miles ahead, and backed by proper funds to strengthen their dominance.

More lies from AimAnalyst123.

Note 9 to the Interim Results shows the assets figure INCLUDES £4,185,535 share subscription receivables.

The company was technically insolvent EVEN AFTER the £5M fundraise!

You listen to podcasts and drink the kool aid. I read RNSs and draw my own conclusions.

What you say is 'fully funded' is actually technically insolvent (current liabilities greater than current assets) EVEN AFTER the funds subscribed when it came to the market are accounted for.

"Considerably de-risked" - apart from the £7M of debt (and counting with interest) on the balance sheet last seen that it has no hope of repaying.

You were told repeatedly about CRML and how the shares would crash before the lock-ins expired.

Now it looks like you are going to be asked to pay Irish CGT on $10M proceeds while only receiving $2M cash tops. Yeah, well played.

At what point is this whole sheet show trading while insolvent? I do hope they are being well advised because that can really blow up in their face. Personal liability for that, especially so in public companies.

24 minutes of pure hopium from Stanbury.

For once he had a bit of challenge from the Roast boys! He ignored it and deflected. He admitted mistakes but had nothing to say to reassure his noteholders whose interest keeps racking up, let alone his shareholders.

He doesn't have a clue how to get out of the fix he is in other than trade out of it, which any fool (and especially his noteholders) knows he has neither the time nor the money to do. He hopes to be at breakeven by the end of the year. Hopes. He has nowhere near that long to get there.

He mentioned a number of times that Recyclus is raising capital. In its current incarnation, that is a pointless, futile, hopeless exercise. Recyclus owes £8M to its parent! Nobody is going to invest equity behind that because as I have explained many times, it is "new money for old". Recyclus needs to go through an insolvency event with its assets being prepacked into a clean vehicle for that new investment to get past even basic financial due diligence.

That likely makes TM1 insolvent at that moment. You mugs are all bagholders at that point. Someone else will have a go at running the battery crushing operation in Wolverhampton, and maybe they get it to breakeven in December, maybe they don’t. TM1 shareholders will have no stake in it at that point.

TM1 appears to still hold its CRML shares but is balancing holding with its cash needs.

Now that Leinster has been sold for buttons, the great non-Recyclus asset for TM1 is Spain - according to the last accounts that licence expires in June and it seems the company has no funds to renew it, or develop it if they did renew it!

Surely the game is almost up. If that is the best you can do to fill 24 minutes of PR, it is likely all over bar calling in the administrators.

Dai's day trading tips need a wealth warning too.

Another complete mug.

Dvharrison this is a recycling of a message you could have posted any time in the last 500 weeks about the last 200 RNSs.

Let me make it like specsavers....

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Can you see it yet?

Course you did mate. Course you did.

Same time tomorrow for maidit308's bedtime story?