RE: Best critical minerals opportunity15 Apr 2026 12:01
That's a far more comprehensive list Da_MoLe.
My £3M cash to be placed out was £1.5M Atlas, £500K JS, £1M working capital assuming Recyclus is somewhere near breakeven (big assumption). So yes, my £3M is a bare minimum cash to be placed out.
And then of course there is a blizzard of additional confetti for JS and Atlas convertible.
The more you look at it, the more insurmountable it becomes.
I do hope they are getting (and following) advice from a good Insolvency Practitioner. That balance sheet from the full year financials was the most technically insolvent I have ever seen. And I've been in this game a while.