Member Info for buried_treasure

Just reflecting on the after hours RNS yesterday, there are a few things I cannot square off.

Maybe THE_CHUMP can help us understand.

If there is this new “institutional investor” (no laughing at the back) who wants a piece of TM1

and

If Century Cobalt / Stanbury think this share is about to roof it and multibag

Why would Century Cobalt / Stanbury sell shares to them at yesterday’s market value?

Why did the company not do a private placement at the market price, or if both sides of that trade were so convinced that the company was about to roof it and multibag, a private placement at a premium to the open market price???

Why was it a share transfer, not a share issue? Why did Century Cobalt / Stanbury actually materially REDUCE their holding yesterday?

Now rather like the related party carve-up last November (that we were told would lead to no selling – again no laughing at the back) and the CLG / Atlas death spiral facilities that followed it, I know plenty of reasons why you would structure a deal in this way (CLUE : par value is GBP 0.001 and there are 1.8B shares in issue). None of those are good for existing equity shareholders in Technology Minerals.

The best case scenario is that yesterday's price was fair value. There are a number of other scenarios worse than that for those already invested here.

But I cannot think of a single reason for this structure that enhances value to the existing equity in a way that the mugs are all assuming and asserting here today.

Make it make sense. What am I missing?

Anyone who thinks Atlas are out needs to read the accounts.

You are in for a very nasty surprise.

This continues to be strictly for financial masochists only.

It's £150K you mug! Probably to pay the December wages (including the mahoosive director remuneration) before Christmas!

Just goes to show how desperate the group is for cash to keep the lights on. From those latest accounts, 29p of current assets for every £1 of current liabilities. Would have been bust before Christmas without this Hail Mary!!!

Another related party carve up down the stagnant end of the London small cap pond. Just look at those terms! 30% "signing fee"!

I have some sympathy for long term holders. Promise after promise has been broken.

But anyone buying now against this backdrop is asking for the shafting that is now inevitably in the post.

This is now the proverbial chocolate bar stock. If you can sell and get enough to cover your dealing costs and a Mars Bar, hit the button and enjoy your chocolate.

Q: How do you keep a KEFI mug in suspense?

A: We are obviously all very disappointed with the progress on this question since it was first asked in 2017, but just a few more placings and another few million dollars for the lifestyle grifters and there will be nobody left to ask questions that give us a golden opportunity to pump out more vacuous nonsense.

But with fresh cashed up marks like Stebo to fleece, we're confident we can keep it going at least into 2026.

"Its back on the MAP."

So is the wreck of the Titanic. Doesn't mean, like those mugs with more money than sense a few years ago, you should go anywhere near it.

This time next year this will be bust mate.

29p current assets for every £1 of current liabilities. In waived default on only source of funding. Cash on the balance sheet would fit in a tin in the office manager's draw.

There isn't an auditor worth their reputation that would sign that off. Hence this lot are with PKF Littlejohn.

"Strategic partner Glencore"

Don't make me laugh. The fat robin b'std is obviously fooling you, but he ain't fooling anyone else.

If you knew anything about GLEN (mcap £50b) you'd know they see you as a small pile of crushed batteries in Wolverhampton. You are a commodity to them and as soon as they've had the first 100 tons they'll find a way in the makeup of what you've given them to rewrite the commercials to screw you down. Against a behemoth like Glencore you are a price taker, not a price setter.

"Strategic partner..." ROFL

THE_CHUMP wrong again.

They cannot convert at anything less than the 0.1p nominal value before the GM to give loyal shareholders another shafting.

They tried that last time, were called out by the lawyers and had to issue a corrective RNS and a TR-1 to cover themselves.

I can’t believe we have mugs posting who bought yesterday and are now asking how the Atlas CLN death spiral works!

And mugs who bought yesterday and are asking what the deal is with the Leinster sale! CLUE : note 20 in the Annual Report tells you the deal hasn’t even completed yet! It is not USD 10M, it is potentially net net GBP 3.1M - at the 30 June share price, for shares locked in until 28 February, when everyone who has been given paper for their acquisition by the SPAC will stampede for the exit alongside TM1. What do you think the CRML price will be for any volume on 28 February, the first date anyone can monetise? Norra lot!

The current ratio on those accounts of 0.29 : 1 tells you all you need to know about this junk.

After yesterday’s spike the TM1 shareholder list must now be the dumbest assembled in the 300 years since the days of the South Sea Bubble. The newbies here join the long term holders in continuing to get what they deserve at the hands of the utter chancers running this hustle.

“An undertaking of great advantage, but nobody to know what it is.”

Well well well CHUMP, Loggy and Troajan.

Your beloved company has gone from being a LTHs nightmare to a day trader's dream.

Congratulations.

Atlas would like to thank all the traders for the £150K. Still 10x that to clear, and seller overhangs all the way up the chart.

As a reminder, it's still technically insolvent, out of cash and mahoosively loss making.

What's not to like.

"there’s a better chance of it happening now than ever before"

Is this "logical fallacies for the subnormal

"Placing done (no need for another)"

You poor innocent lamb. I remember some of the most ardent cheerleaders here saying exactly the same about the fifth, fourth, third and second last placing here.

Set imminent expectations -> can kick -> place -> set imminent expectations -> can kick -> place -> set imminent expectations...

It's what Adams does to keep his Pullman Coach on the gravy train on the rails!

"In the pursuit of popularity, truth suffers." - Aristotle

The mug troajan wants you to believe the asset sale is USD 10M.

The TRUTH in the accounts is that the net net to TM1 would be GBP 3.1M - at the 30 June share price, for shares locked in until 28 February, on a deal that hasn't even completed yet.

The mug Troajan also wants you to believe that the borrowing are USD 2M.

The TRUTH in the accounts is that borrowings are GBP 3.6M.

What Troajan posts is borderline market abuse.

But as these shares are unlikely to come out of suspension it doesn't really matter.

They own more of Recyclus than they do TM1.

Enough said.

They've built out the battery crushing plant with your money and Recyclus cannot pay it back because it makes huge losses as disclosed in the TM1 accounts.

That could come back to haunt them in terms of personal liability if these companies do go pop.

I don't know how he keeps a straight face. The results are a disaster, the company is technically insolvent and relying on the forbearance of its main creditor to be a going concern. Directors' salaries frozen at over half a million pounds... What a comfort to you all that must be.

I would say he's lying through his teeth but he doesn't seem to have that many.

It's been said before, and I think you two Mugs In Chief are about 90% down since it was first posted, you would do far better concentrating on what is posted, rather than who is posting it.

Any comment on the absolute disaster that is your balance sheet, or the pack of lies in previous RNSs or the notes (take your pick)?

Any comment on the fact that your beloved company has been in breach of its covenants to bond holders for months but is only just getting round to telling you?

No, thought not.

So old Keith is another mug who thinks I'm AJS. OK mate, whatever the TG says must be true, as ever.

Look at note 20!

"Completion of the transaction is conditional..."

Couldn't be clearer!