Member Info for Gr33nFutur3

It's a fresh start for them. Good luck Velocys, it looks like we part ways here... you were my biggest trading loss yet.

DFS RNS = -18%

Investor presentation RNS = +4%

What the actual...

I don't understand why this impacted the share price so much. Stupid mistake = loss of confidence. Ok, embarrassing. But a 2 month reporting delay by a company not expecting revenues for several years yet shouldn't equal 18% drop in value. I guess it just shows that shares on this stock are not in sticky hands yet.

Kicking myself now :) I didn't buy after annual report. Well done everybody who did

There is certain market demand here and the Midas share pick report seems positive. By my calculation, it still looks like operating losses against cash at hand will still require an injection of capital in early 2024 (using the projections from the Midas share pick). It looks like it will need to be at least 10% of current market cap for them to have enough runway to reach break even.

Personally I will wait and see until we get preliminary data on 2023. I agree that from 2024 (second half onwards) this stock should be on fire. At that point we should be looking at multiple regulatory processes completed, technologically de-risked product and commercialisation proven cash-positive business.

Does anybody understand what has driven these latest SP increases?

I couldn't pull much out of the annual report myself. It still looks like they will need more cash next year but sales volume is up. On the sum of it I felt this was a wait and see stock.

There is more information about the working capital in the "Going Concern" section of the financial statements (first RNS). £2m for 18 months (or £1.3m for 12 months) is the "deaccelerated" project development estimate and the maximum is £12m / 18 months. It looks like they are considering the practicalities of accelerating at full speed amid the current economic climate. It also mentions the options where they hope to raise the capital from.

Thee last update I saw on Mambare was August 2022:

https://www.pngbusinessnews.com/articles/2022/8/mining-advisory-council-evaluating-mambare-lease-application

The application has considerable hurdles to get over and I have seen no RNS about the progress.

If you go back through the two RNS from 14 February you will see how much Pomerantz & Burchardt hold. It is not the number you quoted and they would have been under the same purchase restrictions as Sagi until the market update 21 March.

There is also a significant shareholders link on the kape website:
https://investors.kape.com/investors/significant-shareholders

The commercials of this company are not clear at all. In the same video, Robin also says they are not pursuing off-take agreements and instead are going for a portal model. Without securing something on the commercial side it means we will remain in the situation of "trust me because I'm the chairman" (Robin) vs. "trust me because I have 30 years industry experience" (Lance). There is no accountability without it. I hold a small position here but won't add until we see a) a multi-quarter growing revenue stream or b) a strategy to generate a secured revenue stream of tangible value (off-take, hedging etc.). Until then, there are too many shades of grey here.

In the last Sunday roast video, they talked about a portal-based commercial model (we have this stuff stock-piled and other companies come in and buy what they want) as opposed to fixed-rate or volume agreements. This business then becomes very similar to Befesa's (BFSA) commercial & industry model. Befesa have been very successful at hedging their commodity off-take product. I would like to see more detail from TM1 on how they will secure their revenue in a portal model. Otherwise, I think the only way TM1 can develop mining opportunities (on the side?) with an unsecured revenue stream is through further capital raises.

Good clear information on how the environmental permissions are going to move forward. This should de-risk the technology side of the business.

I think the commercial side is where we need to start building credibility for the SP to recover. There are more and more competitors - which can prove there is a business model but some of the competitors have big pockets too. Personally, the "portal" model makes me pause and think because it'll make for a more unpredictable financial model than off-take agreements. Generally SP increases on small-caps struggle with unpredictable finances.

So new company strategy is based on a BoD member speaking a foreign language and then CEO announcing on a podcast that the market cap is x10 based on... no results that I can see. Sigh. I'm with BondDivi on this one

Investing in this company has been my biggest regret. Their strategy keeps changing and is now so far away from my original investment hypothesis that I am stumped. I am working up the courage to hit sell all (and loose a bomb)

The machine is filmed in the interview video at the beginning of this thread. Not the whole machine and not operating (or we wouldn't be able to hear him talk).

It's strange to think that such a small machine is the proposed solution to battery waste for the UK and (if some of the posts on here are to be believed) might turn 1p into a 60p SP. It looks like a garden mulch maker

David Lenigas on wikipedia: https://en.wikipedia.org/wiki/David_Lenigas

What a mess.

https://www.bbc.co.uk/news/world-africa-63754227

Hopefully, doesn't impact us

True. I missed it at close yesterday

https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=33073135&company=rgm

I don't know why some RNS feeds don't show up sometimes. October 22 debt payment (announced in Feb 22) partially deferred to Mar 23