Member Info for DrRunner

If they fill the subscription and don’t need the WRAP then I suppose we get to see what Nick has planned for Mantle, which is registered as having; technology consultancy activities, risk and damage evaluation, management consultancy activities other than financial management and defence activities as the company nature of business. They will be light on available capital, the possible direction seems to be leaning into consultancy, but who knows at this stage and Nick and the new chair have defence backgrounds. Also, with that travesty (politest way I could phrase that) of a Chairman Robin removed and Nick and Swanny having control after the raise then Recyclus can actually start being held to account for what it owes TM1 (I hope they rename Mantle), my guess is Alex and Robin won’t be able to service the debt because they are poor custodians of Recyclus and then TM1 can call that debt in and get control of Recyclus, perhaps. Lots of ifs and buts and hinging on the raise being filled, but there seems ‘some’ reason to be positive about that. Do your own research etc, only my average long-suffering shareholder opinion.

Indeed. It will certainly be very welcome news if there is a tangible and functional shift in the board and the clear conflict of interest is then mitigated. I noticed the new board members have some dormant companies with Defence Activities as the nature of business, I’m looking forward to meeting them at the AGM.

I think quite a few people have been adding over the past few weeks. New TM1 board members are very welcome, maybe not to Alex and Robin though. AGM might be interesting.

Good to see. Claire is a fantastic CEO.

As much as I would like them to settle the Atlas debt using the CRML shares. It is my opinion there is very little chance of that, why would they use capital from CRML share sales when they can just dilute TM1 shareholders further? They have a proven track record of very willingly diluting TM1 shareholders, to protect the interests of Recyclus shareholders and have a complete disregarded for interests of TM1, whilst gaslighting us thinking we should be okay with that. Bring in administrators I say, hold the current ‘leadership’ to account and reorganise the structure of the company and leadership. I am a long term holder and have every interest in this working out, although I have no belief that this will work out with the current TM1 leadership.

I have to admit I’m confused about who is buying at the moment given the coming dilution. I’m also very confused about who would take 448m shares from Alex. Doubt anyone outside of the board has enough at stake to take such a punt, and unless there is some company worse than Atlas, which ‘certain investors’ in their right might would be willing to bag hold 448m of TM1 at the moment? I’m probably missing something, but the only people I can think of with enough emotional and economical impact is those who can’t afford to lose control to administrators if the current financial and legal obligations aren’t met in relation to debt. Those are my thoughts, and most certainly just thoughts, we have very little in the way of facts at the moment. Perhaps we get an RNS which will better inform us in due course.

Good news and some undeniable progress. They said they can't release company names at AGM, which is understandable if this is a recall. The selling of CCL shares has also been encouraging and shows they are listening and have listened to shareholders about further dilution. I have been somewhat critical in recent months, but this progress is incredibly reassuring.

The balance of 10,362,520 Ordinary shares are intended to be issued to ACM in due course, at a conversion price of £0.001 per Ordinary Share, at such time as the Company has available headroom under PRR 1.2.4 Article 1(5)(a).

The headroom is good. Seems they have been talking and agreed a more ‘orderly’ way to avoid the cap reorg in future. Sets a baseline.

Seems sensible to hold the line on having multiple outtakes, eggs in one basket wouldn’t be clever. More to come you’d hope!

Lovely. Now we have a business. Fundamentals have changed. More work to do, Leinster signed will hopefully help address funding. Very very positive day for the company!

We have waited and waited and now proof of business model is here, with an Indian company! Fantastic. Let’s hope this is the first of a succession of core fundamental business news.

And it’s currently up 22%! Fantastic move by the team.

It was a great video, and I agree he was somewhat ‘quirky’ and what he was doing had the potential to go the wrong way if it wasn’t dealt with so professionally by Jo and the other member of staff. So much in the video, as you stated the 173 large blue barrels from AA Battery Recycling and also 13 ‘Smaller’ ones (yes I counted). The chimney was interesting, lots of reasons there could be a new chimney, and what seemed to be a new (blue) module, perhaps a vape (small item) line, and extra WEEE capacity, everything seemed to imply commercial productivity, albeit slower than many investors would have liked, but this is new and as Jo said there has been no help from the government (which may well change given the battery strategy). Generally my feeling was the video was exceptionally helpful, I would very much like more of this type of thing from Recyclus themselves, their staff are clearly knowledgeable and an asset and I would be getting them out shop front more often. I’d also really like to see Anwar out talking about his material separation work, he is the one of the main roads to the exceptional longer term vision and profitability, so get him on YouTube talking about the science.

Happy Easter all.

Is there a telegram group for Ceres?

Many thanks.

Hi all

Happy Easter. Is there a Telegram group for DG?

Ta

Even on conservative estimates, the feedstock and subsequent blackmass has to be pretty substantial by now. The first offtake should therefore be significant. Companies like Glencore are setting up feasibility testing of blackmass material separation, they will be trying to secure offtake agreements and with limited supply, black mass should be a much sought after commodity. LiCycle were named as Glencore’s ‘preferred supplier’ but the phase one test needs 11kt per year and 70kt per year in phase two, no one European battery recycling company can supply that volume, LiCycle certainly can’t, and that just one potential European buyer of black mass, as battery production regulations change, producers and those involved in the material separation will be future proofing supplies.

Not manipulation, I think MMs have better things to do than watch low volume nanocaps. It’s just the sell and buy are so close.

I have been watching for six months and put my foot in the door today, mine has come up as a sell.

Agree, it was interesting he made a point of mentioning the interims. Had a really good few weeks and nice to see everything falling into place, exciting times.

This is amazing macro positioning, with literally ‘the economy’ to be allied to. Hopefully opening the door for further announcements.

Trains would be epic!