Member Info for Da_MoLe

Please don't shoot the messenger, ai slop :

You are right that Spodumene (SC6) has bounced roughly 270% from its mid-2025 crash lows to over $2,000/t today. However, using that to ramp TM1 is highly misleading.

​1. TM1 doesn't mine spodumene; they produce black mass. The economics are entirely different.

2. Even the biggest lithium companies in the world haven't jumped 300%. Albemarle (ALB) is up around 90-100% in the last 6 months.

3. Most importantly, a booming lithium price doesn't magically write off TM1's £7.8m debt, it doesn't excuse the fact that the 2025 accounts were filed months late (may even be missing salary tables? If someone can confirm) , and it doesn't protect retail shareholders from the billions of new shares that will need to be printed to pay for the upcoming £5m-£10m placing.

​Macro tailwinds don't cure bad PLC governance.

BT, can you give me the break down of your £3M requirement as I'm way off that number.. Here's mine

Hard Cash Needed :

​£1.5 million: Cash settlement for Atlas.

​£500,000: Upfront cash settlement for Mr S.

​£4.0 million to £5.0 million: 12 months of working capital to keep the company running.

​£300,000 to £500,000: Estimated broker and legal fees.

​Unknown exact figure: The cash portion of the directors' deferred back-pay.

​Debt Converted to Shares:

​£2.5 million: Remaining debt settlement for Mr S. (paid in newly printed shares).

​£200,000: Remaining debt settlement for Atlas (paid in newly printed shares).

​Unknown exact figure: The share portion of the directors' deferred salaries.

Not sure why my previous post wasn't published.

I do agree, it certainly feels like their only realistic option is to raise at 0.1p and issue warrants.

My estimation is between 5 and 10 billion shares will be needed, add the warrants.... And that's a potential whopper dilution.

On the bright side, already sat at over 90% loss... Won't make much difference to my holding.

I think you are right.

Surely they will need to raise at least £5m-£10.. As that seems to be the 12mo th working capital?

That means 5-10 billion shares, talk about dilition

Then there's the whole, who would pay 0.1p for shares if they can buy them at 0.07p... So yeah.. I'm also thinking warrant route... So even more dilution

Still no update on Foi unfortunately.

SH site visit on the 27th will be all gloom and doom at this rate. Disposable cups and tap water will be all they can afford to offer us probably.

Still waiting, frustrating..

I have but same as last time, as soon as it get bounced to another office / person working its way up the grapevine to the correct person, they seem to restart the 20day countdown each time. New eta is latest 4march by my calculations, but could be anytime between now and then.

Delayed print from Friday after hours. 0.12, looks like it might have been a buy?

And I wonder if we are able to ditch Atlas would that also mean we ditch Ajs?

I'm not under the impression AS wants to sell. Or at least only sell a tiny amount, as he says in the interview. That doesn't sound like £1.69m worth to me. Hope I'm wrong though, we need to ditch Atlas ASAP.

Agreed, we then need to soak up the usual 3%, 5% 10% scalpers... Long slog ahead.

I will update you all on the foi as soon as I hear back from EA

Chain, well done on averaging down to 0.16. Not many of us lth can though.

That's now 1B traded since admisssion/dilution

Https://ceo.ca/@thenewswire/global-battery-metals-announces-results-of-its-annual

2023

The legend returns.. Welcome back.

Target price 0p still?

Would be good to get some thoughts from you. BT has been manning the ship since your tm1 lse vacation.

Feel free to join us in our humble small Tg group. And no, it's not the Seagulfans officially unofficial group. We are the humble orphans of that group who've been kicked over the years.

Say hi to your lad for me. We met for beers a while back to celebrate he1 (not so) success.

Received Foi request about 10mins ago..

LiBatt Recycling Ltd Waste shipments notification, GB0001011789, is currently in assessment- pending.

Hope so!

Ajs around?

Buy or worked sell since yesterday?

Not all sells. My buy at 0.35 is showing as a sell

Welcome to the tm1 TG orphanage.. a safe place for those of us who have felt the full force of the dark side boot.

Remove all the space characters.

h t t p s :/ / t . m e / + BmGbZHvDHCQ5OTFk