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Risk vs reward is currently heavily weighted in risk’s favour. The reward has remained the same but the risk increased dramatically with the lack of met targets, therefore the investment case has diminished. If the sp drops below .3 then it might be worth a punt for a couple of bags, but I can think of plenty of other companies that don’t have death spiral finance, and are actually generating cash that would make for better investment.
If they pull it out the bag, get the TFS signed off and the RTO completes then things will of course look a lot different. They need to avoid another draw down from the 5m Atlas facility.
Problem is that it’s not small beans for a company with absolutely no cash, no TFS and no cash flow. The CLN will drive the company into the ground if they can’t start selling the black mass they are supposedly producing bucket loads of…
Make no mistake, this death spiral deal with Atlas will kill the company if they don’t have the RTO and TFS in place within the next few weeks. There will still be money to be made at the new lows, but only by savvy traders. Long term investors will be utterly demolished
At that 50m mc is me being VERY conservative fyi.
If Santiago with his broken English and three GCSE’s is de-ramping, you know it’s ready to moon 👌👌👌
Placing overhang clear, half MC in cash, news flow about to kick into overdrive and AB (one of if not THE brightest ceo in any small cap) at the helm. This will re-rate to £50m MC or so before we drill. Absolute no brainer
And down it goes… This is just the beginning. Will check in again next week once it’s hit .7 or under. 1m sell is either an investor who’s cottoned onto to obvious, or Atlas starting the forward selling (if the recent 20m wasn’t already them of course, which it could well have been).
I genuinely hope we are wrong. Because if not a lot of stubborn folk here are going to loose money, and I wouldn’t wish that on anyone (even the one that called me a bell whiff). Unfortunately the evidence all points in the other direction.
What agenda? Borrow isn’t possible on TM1 so even if I wanted to short it I couldn’t. The brokers wouldn’t be so stupid to allow a bet in that direction after the recent financing debacle. I did used to hold TM1 though. Bought in at 0.9 and sold off at 1.4 just before the first CLN deal. I was tempted at 0.65 but didn’t think it was worth the risk. Had I been a holder with an average anywhere near that I would have sold at 1.25-1.3 as I don’t think you’ll be seeing that price again.
A company is only as strong as its debt, and TM1 is drowning in it. Get out now whilst you still can. Seriously
Unfortunately everything AJ has mentioned in his post is factually correct, and it doesn’t look great at the moment for TM1. The sp is certain to tank again when Atlas start selling (anyone who disagrees with that is either delusional or has limited experience with CLN providers). The terms are likely so bad that they weren’t fully revealed.
Personally I’d be whipping my money out of here so fast it wouldn’t touch the sides. The RTO doesn’t look likely to be approved, but even if it is, the cash situation is dire they will surely be drawing down a second time. Why hasn’t the tfs and off-take been sorted yet?
Way, way less. Looking at the share register they were down to 2.5% from their original 6% mid last week. Taking into account Friday and Mondays churn, I’d hazard they have less than 20m less.
If you’re not able to find the broker notes with your and my best friend google, then I truly worry for you and suggest that you limit your ‘investing’ to Premium Bonds and Lottery ‘scratchies’. If you really are that simple let me know and I’ll post a link here for you.
I’m also available for spoon feeding with fighter jet sound effects should you need it
Broker note/published research you utter dunce. The two of you (more likely one, as finding two people with such a similarly poor grasp of the English language seems improbable) really need to try harder. Oh and we ARE in a closed period, by the way 😉😘
Takenorisk, your shorts are going to get burned hard my friend. I suggest you close your positions Monday… Gift of a price down here folks 👌 Take no notice of Tim nice but down downstairs, this is going to re-rate HARD. Remember that 6p represents fair value without a decent find. Any large discovery will see 10-20p or a full buy out. Easy money if you ask me…
Not a particularly big buy, and not imaginary either. Still happy with my holding and expecting bank financing to be delivered within the fortnight. Not sure if you really know what ramping is tbh, but there’s non of that going on. More the question is why you are here at all. Bit of a sad sack if you ask me. Why not go get some fresh air if you can remember what it smells like? You’re very bitter and quite frankly a little odd…
All I’ve gathered from LSE’s Held thread is that Moniman has absolutely no life whatsoever and sold out at some point for a loss. Sticks around here like a bad smell for some unknown reason. I wasn’t planning on investing, but that idiots de-ramping is the biggest buy signal I’ve ever seen so I took £10k’s worth on Friday.
One of the hidden small cap gems right here. BOD throwing heaps of their own money into this (CEO over 1m himself). Big license deal currently in the works which will likely be announced within the next 2-3 weeks. No need to raise as all operating costs will be taken from said deal. Not crowded with traders and the end goal is a Big Pharma buy-out for several hundred million. Expecting this to ten bag minimum by the end of the year (CEO’s previous company was a 100 bagger).
AJ - will have to wait and see re conversions. If they don’t get the RTO over the line within a few weeks though and the CLN providers get twitchy this will become another Copl quicker than you can say ‘Death Spiral.
Big sells all went through when it was NT hence below market price. These people clearly wanted out and fast
And as NewInvestements has alluded to, this recent raise and lack of news flow has likely got a lot of investors spooked and wanting out. This means that any rise in the sp will likely be heavily sold into and the BoD will need some seriously good RNS releases to counteract this. I’ve never understood the concept of having blind faith in a company tbh… if they haven’t kept promises/deadlines up to this point what makes anyone think this will change in the near future. Currently the case against is supported by much more evidence than the one for, and I challenge anyone to dispute that. How much of their own money have the BoD put in recently?
Honestly I would be over the moon if it all goes well, but evidence suggests otherwise. I appreciate your faith though and I understand selling here isn’t a great move for most investors. I truly hope you see some worthwhile profits soon 👍