Member Info for dai2belts

How come shorting companies make such comments they feed on the weak

Flying the last few days, up today on tweet speculation

Lol, I was wondering if somebody was going to agree with the rig savings... :)

Technology Minerals will issue 25,717,151 Ordinary shares of £0.001 per share ("Ordinary Shares") at a conversion price of 0.349961 pence per Ordinary Share.

"announces that it received a Conversion Notice from Atlas Capital Markets LLC ("ACM") on 10 June 2024 for £90,000 ..."

Listing 17th June

I wonder how many they are still holding of " £420,000 of which has been converted into new Ordinary shares (including this conversion). "

https://www.lse.co.uk/rns/TM1/conversion-notice-and-total-voting-rights-mm1u5ygni1l3502.html

Lucky they have their own rig, its saved a fortune, could have been 0.2p again ;)

I think it will get back to a penny, its a gap to fill, but who knows..

Massive volume today, 2 attempts at breaking 0.7p, BB full of rampers, many believers..

Fundamentally I think He1 are guessing..

Its back to the plan of going deeper..as it was at Tai

Its the same

1.6bn x 0.5p = 8m

800m x 1p = 8m

If the investors paid 1p, close to the trading price there is less upside and more risk..

last raise at 0.2p the price dropped below a number of times, so I guess some made less than expected, but it was close to the start of drilling

Its a smaller discount on this occasion with more time to flip their shares before drilling..

Wanting 1p, consider the fact that the running of He1 has seen the share price drop from 10p to a penny, and thats after multi bagging from 0.2p

Reservoir/fracture performance ?

What reservoir ?

Last time she said it was unfortunate without a care, but then she picked up a load at 0.2p,

Acting lessons.....

Announced no rig crashing the price, wiped out the original LTH, spanked the new blood today, she is lethally good at making the II wealthy

Did she really blame the NOMAD again ?

She is the CEO, and carries the can...

Where was the discovery, basement or fault zone ?

Don't read, just use recall, as its not as I remember, but thats often the case

Gambling, He1 is a favorite again , 2.24bn so far today

CLON filled that gap, and it's in the running with many companies. so still a gamble

@Deep100, Inflation..lol

Probably being forward sold today, thats likely where the volume has come from.. I doubt any PI sold this morning just to watch it climb back ..

If the MMs were loading up before today they need a +1p before they can sell

@Horult, your the gap up , day 3 guy...

There is a gap to 1.1p, huge volume, on day 1, fully funded, and some big rises across AIM lately...

What's the chance of this dropping back or heading for 1p ?

I see they told us what they budgeted for Itumbula not what the actual cost was..

MMMMM, they raised $10.2m for Itumbula budgeted at $10.2, yet they will also have runway for a minimum of 12 months

"Following the completion of the proposed Fundraise, the Company will be fully funded to complete the EWT, with a working capital runway for a minimum of 12 months from the date of Admission."

Sounds like smoke and mirrors..

Are they saying there are two sets of tests taking place,,,,?

"The EWT is designed to evaluate flow rates in a fault-fracture play at Itumbula, with the independent surface well test being set up to allow for rig-less testing."

What are they doing with the money ?

They own a rig but have gone for rigless testing.....the well is drilled and lined yet the costs keeping increasing each phase

The budgeted cost of the operation is US$10.2 million which includes a 5% contingency.

He1, I can't imagine pulling back so much unless this morning was a major pump.. 1p MC £53m, while its been around £100m at times... funded for now

Matd, that has a delay hanging over it and a harsh Mongolian winter, its only a few weeks before DQE start work with P China.. That could mean more funding required however done

Get in early risk unpleasant surprises, leave it too late and miss out, timing....