Member Info for buried_treasure

Dusty

If they dont sell the CRML shares, where does the cash come from to fund the ongoing losses?

Looks like once again it is up the... sorry, up to Swanny.

Not sure I want to live rent free between your ears Dusty. It's a very disturbed place from what I've seen.

But there we are. I suppose I don't get to choose.

"Think I might have been right again"

Right? Again??? Maaaate....

Your first purchase here is 95% down!

You continue to be 95% WRONG!!!

(And the other 5% is in the post)

Self praise is no flattery. Especially when it's complete ckollobs.

Priced to fail. Even the Roast boys can see it.

Let's add up all KEFI's revenue from its 18 year history.

I make that.......

£0.00

Or in dollar terms, as that is how gold is priced up

$0.00

It's a lifestyle grift. Once you see it you can't unsee it. Harry continues to play a blinder.

"Something not right here."

There's A LOT not right here.

Start with the most recent balance sheet and if that hasn't put you straight off, read the notes on borrowings.

Then put down whatever barge pole you were thinking of touching this with.

If you haven't got the fortitude to read maidit308's latest stream of consciousness, he hasn't got a clue what's going on, but aftertimes every movement as if he does.

You can now buy as many as you like at 0.12. That 5M buy on the opening bell now looks a tad foolish. Offer to bid, that has lost 30% in an hour and a half.

This mornings action tells me several things.

1. For every buyer there is still a willing seller, be that clearing the director's back door placement or the CLN holder.

2. New mugs are getting lobster-potted with every news spike, the reversions are getting quicker each time, 90 minutes last seen.

3. Mr Market does not believe the Leinster sale, if it completes, will clear the debts.

4. Mr Market also does not believe that the group will be cash break even at the PLC level any time soon .

Meanwhile the cash burn continues. Where does the February payroll and supplier payments funding come from?

THE_CHAIN

Slight correction, their past behaviour is 'dump and convert'.

To spell it out

If the prize in the middle of the Sizzle -> European Lithium -> CRML related party pass the parcel is actually worth 1% of the current CRML mcap in an arms length transaction I'd be amazed.

It is an accounting construct to create an illusion of value in various audited, but heavily qualified, financial statements.

Much like CCL / TM1 / Recyclus itself, just with a much bigger check size.

Do your research.

The parties you mention are not the only ones holding locked in CRML paper.

In fact they are by far the minority.

They don't have time, Troajan.

Recyclus and the PLC are still both burning cash. The CEO has had to raise £250K a month to keep the lights on.

He can't do that again mid-month because he doesn't have the GM authority for another 250M shares.

He has, as I have continually pointed out, painted himself into a very tight corner.

Historic prices and volumes for CRML are irrelevant. There is currently a false market in the shares until all lock ins expire for the scrip consideration from assets sold in.

There are also huge warrant overhangs at lower prices from the crypto facility announced recently.

There will be nothing to support the share price once the dash for the exit starts.

Yes, there's the RNS confirming that they lied in RNS on 26 November 2024 when saying that the sale had completed back then.

Nothing will be done of course. This is London, where anything goes.

The mugs will continue to lap it up, and the band plays on.

It is my opinion (hat tip to Jamoe) that Atlas will be forward selling alongside Stanbury's effective placing shares to reduce their exposure. They will not take a 7 figure risk lying down.

Even though the company cannot issue shares without a prospectus, Atlas could still issue a conversion notice to fix the conversion price.

But we are so deep down rabbit holes already that anyone who says they know what has happened or, even more so, what will happen, is deluding themselves and should not also be deluding you.

Where do i get my information from?

30+ years in corporate finance mate.

Which Ladybird book did you get yours from?

I don't even know how it got to the point of launch.

Putting £3M equity in behind £7M+ of debt in a still loss making business is not financial masochism, it's financial suicide.

Did they not even run this buy any sort of corporate finance adviser before getting their prospectus and presentations together?

It's so basic a blunder it's laughable.

I dont know who they are advised by and why they have not told the Recyclus management this, but the chances of Recyclus raising £3M fresh equity while it owes £7M to its associate Technology Minerals are zero. That is 'new money for old' and it doesn't pass even the most basic due diligence.

The only way the battery crushing operation in Wolverhampton can raise new money is if Recyclus goes through an insolvency process and emerges pre-packed and debt free.

I count two facts.

FACTS. Plural.

"Those are the FACTS."

Thanks for playin' jamoe.

Mug.

While we're on that subject, still no PDMR from Stanbury as to his current holding.

Which means he either doesn't care about the rules (which for the record I do not believe), or he is still selling and will update once they have been fully cast to the wind.

Stanbury raised £250K with a personal subscription because he couldn't raise funds any other way without a prospectus.

A prospectus that would have laid bare what a shetshow this is, and put everyone on the hook for its solvency for a year.

He has now used up most of the authority from the 30 December AGM to issue more shares. He has painted himself into an ever tighter corner.

Those are the FACTS.

Anyone want to challenge that? Thought not.