Member Info for Crocqman

There is no conspiracy.

I've seen it many times on many small cap stocks.

Lots of possible explanations.

Having worked in the business for many years with fund managers, dealers, internal and external compliance and the regulators, this is definitely not brokers sending secret signals to each other , or anyone testing the bid offer.

Believe me, if brokers wanted to send secret signals to each other they would not do it via electronically monitored trading activity.

The days of a '1 trade' signal is very much last century stuff and pure myth these days

These will all be genuine trades, likely via an automated algorithm trade, and no it will not be lots of Joe bloggs buying 1 share for their portfolio.

Really not something to get worked up about, and not out of the ordinary

Yes. It's a shame that they have not given any update seeing as they were telling us they would be ready by January and should be looking to change the past and deliver on expected timescales.

All this does is solidify my thinking to sell down at least half of my holding on the lifting of suspension and take the loss to write off against gains elsewhere.

We need a comprehensive plan of action along with the results to see what the aims and objectives are here, along with financial arrangements

I fortunately got out of SXX with a profit. Different scenarios though.

SXX needed billions to get anywhere close to being in production and costs were spiralling.

TIN is a total different scenario, imo. Not a concern at all for me.

Hopefully, even this government is savvy enough to protect this company as one of national importance and not to be sold to a foreign company

"Seeing Machines share price is being manipulated, so those in the know can accumulate while the weak and scared sell"

Oh, come on. I thought this board was above this type of conspiracy theory nonsense. There is no manipulation going on here. The SP is where it is due to outside economic factors, poor news within the sector and while further news is awaited to validate management claims on financials, etc.

Volumes are tiny. No one of significance is accumulating shares and 'weak hands' is just a tiresome put down

At a guess, I would say that Berenberg have been appointed as they specialise in providing finances and will be better places to handle any future fund raising with different options being open to TIN than previously as the project progresses.

Peel Hunt likely have a wider reach and more experience as brokers for a company as they gear up for the next stage, production, etc than the existing guys, probably better for attracting larger investors as a 'more serious' broker.

It looks like a good and strategic appointment at the right time for the company.

My thoughts

So, no delivery on the long awaited results 'expected in January'.

Not really surprised. Their wording suggesting they would follow the approvals which were only announced 2 days ago.

I must admit, I fail to see how this would impact on delivering results that should have been filed many months ago, surely this is just a note that would be included? Why is this materially affecting the timeframe for producing long outstanding financials to lift the suspension?

I think that GHC are just the nominee account holder for Metals One, i.e. where there account is held and what the official register shows as the holder.

GHC are making the TR1 notification on behalf of their underlying client.

We do not know who has bought the shares that Metal One has sold, and never will, unless the buyer has to make their own TR1 notification for passing a reporting threshold (first time is going over 3%)

Lord, some large holders may release a statement when they have finished their trading activity to alert the market, perhaps to confirm they are still actively support the company and give reasons for their change in strategy if they have been selling, or to confirm there is no intention to make a bid, or put pressure on a company if they have been buying. Or for any other reason

They could be selling down for tax reasons, to raise cash for other requirements, etc but still be a long term holder and supporter. The trading activity may go against their perceived stance, so they may want to clarify the change.

Uncertainty if a large holde starts selling may lead others to start selling and generate panic when there is a logical explanation.

It is not a requirement, and not done frequently, but it does happen

Hermit, in short, no. It has always been a best efforts basis for reporting the direction on sites like this based on mid price, volume, time, etc which is why it can often be 'reported' incorrectly .

The direction of a trade (buy/sell) is never reported to market at the time of execution, there is just an obligation to report to the official regulator by T+1 in a separate transaction report, usually sent after hours that trading day, but before 12pm the next day.

The regulator doesn't publish this information to my knowledge other than when we see things like TR1 notifications, or open short positions which are reported to the regulator via different methods.

Ironically, the reasons for all this uncertainty with the direction of trades is part of mifid II regulations ( trade reporting and transaction reporting) that were brought in back in 2018 to make this more 'transparent'.

Correct. We won't know for certain that they have stopped selling until we see à new threshold holdings notification, or in the unlikely event that they, as a larger shareholder, release a statement.

I think the close price on here is wrong.

The official LSE page has the close price of 9.50 and a change of 2.56%.

There was a UT trade after close at 9.50 which determines the close price.

The 4 late reported trades will have impacted on the SP, I guess, especially the 1.5m trade at a price of 10.00.

I'm sure this site will show an opening price of 9.5 tomorrow

Or maybe both :-)

As others have said, a positive RNS, and one that you can sense details actual progress.

But, without the finance and a lifting of suspension, it is only optimistic caution, for now.

It is the deal, and the terms of it that will really determine the short term position post suspension.

Well done to management on progress so far though, hopefully it is not too long a wait for next news

We are running out of days in January for the long awaited EoY and HY results to be published to allow the suspension to be lifted.

The board has given plenty of notice that January was the expectation for this, so it is not unreasonable to say missing this deadline would be considered 'carrying on as normal'.

Time to show change is happening and to deliver on published timelines

Ah, deflection, Oofy.

Why on earth would I be contacting the Sock Exchange or the FCA?

There is no suggestion of anything untoward here, the company has kept shareholders updated and we are aware that things are progressing. There is nothing we, as actual shareholders can do.

There is nothing the Stock Exchange or the FCA could say or do, not that they would reply anyway.

What a strange response, but not surprising given that you are aligned to the green boxes as a non shareholder who is not interested in investing, and always looks for the negative spin on everything.

I may not post here much, but at least my posts are realistic and objective (cue Mirasol trawling through my 8 years of posts for something contradictory to 'prove' some hypothetical point)

I don't think anyone is presuming anything regarding finance arrangements.

But, interest rates dropped after October (in Dec) when we had a last proper update, with a split decision to drop again in Jan, and with consolidation you would surely expect to see better terms with one finance deal than with several existing deals, otherwise why would you consolidate?

Let's wait and see.

What we do know (by the green boxes), is that for the whole of Friday, Saturday and Sunday, the usual suspects were present on here with multiple posts across each day, and are still the dominant voices on the chat board of a company which has been suspended for 8 months, which they are not invested in, and which say they have no interest in investing in.

But they don't say why it is they spend all their time here (we all know)

Old 8p, as in 80p at the current price level.

As we are not close to production, and final decision and funding still ahead of us, there will be dips, especially if there is a long gap between updates and any outside factors not under the company's control.

Hoping it won't dip that low, as circa 80p represents an mcap of 100m which may cause some larger investors to make a decision if they have mcap limits on their portfolio.

Not trying to spread any doom, as we should now be entering a news rich period, so that should ensure some stability here, if nothing else.

Volumes are still pretty low, so the rises reflect the positivity here and sentiment plus momentum is not to be sniffed at in any share.

I am positive here, in profit and looking forward to what 2026 brings for all those invested.

gla

As milestones get reached, the case for investment will improve, no doubt, but the real risk is in getting the final round of funding and the decision to move to production.

I expect fluctuations in the SP in the meantime.

I still feel that bigger investors will be on the sidelines until this final decision is made, and won't mind paying a higher price for the reduced risk.

Feel that we will not get back to the old 8p level again, but that is the level I would consider adding again

I disagree that if the finances and debt structuring are sorted that this will go up 'significantly' upon coming out of suspension.

That is the story here. Each new chapter brings the hope and talk of this, which doesn't materialize.

The real money here, imo, is still in the site itself at Saltfleetby and the future potential. That may still be a long way down the line though.

While improvements can no doubt be gained in any other activities, flow rates, etc, I struggle to see how they will bring about any real change in terms of financials and SP, but we will see.

Will await news and see what happens when this starts trading again, but my current strategy will be to sell down, or sell out at the first opportunity and take the loss that comes with it.

I made good money here 2x previously, so a hit would not be too painful. Greediness on my part looking for a quick trade with the sidetrack at SFB and being left here more than 3 years later 😲

They need to file EoY 31/03 2025 results and HY 30/09 2025 results before relisting (come out of suspension) is possible.

They gave a timeframe of Jan 2026 in their 10/12 RNS