RE: Bizzare19 Nov 2023 11:26
I like TM1 and been in and out a few times last couple of years.
after the news saying they are buying out the rest of recyclus there has been a dip. I think its partially the sell on news brigade - however I do have a suspicion that some group or company is utilising this sell on news to spread further fud and do a bit of a short attack to maybe buy back in on the cheap? I could be wrong on this it is pure speculation - but for a BB which is generally fairly quiet, there have been several new faces suddenly appear and all posting negatively. Plus remember earlier in the year when lots or rumours and story came out about a fire at the factory? Yes it was true - but it was small and contained, the stories were exaggerated, that to me at that time also felt like a bit of short attack.
The lead acid battery facility is now fully operational. The lithium battery facility is completed and final commissioning taking place and ramping up. Expecting this to be fully operational between now and Q1. So that will be 2 facilities bringing in revenue. The plans I believe were to open up 2 new facilities every year over the next 5 years. Anticipating the incoming revenues to enable the factory expansion without the need for much dilution ( there is sure to be some isn't there - there always is )and also fund the resource exploration in Ireland (Lithium), Spain(Copper-Nickel-Cobalt), Cameroon (Nickel-Copper-Cobalt), and three projects in the USA (Cobalt-Copper and Manganese-Rare Earth Elements)
they may be at risk of spreading themselves a bit thin...but I like the 'idea' of the company, mining the resources and also recycling.
It has bounced before from this SP area. With the second factory coming fully online Q1, the full buyout completing Q1, potentially more drill results too....I think there is a fair chance of a bounce incoming. I believe it is a good trading opportunity between now and Q1 - I suspect it will get back to 1.7p range - with potential of it going back over 2p....
This is not an aim company ( main market listed ) but holding small caps long term is risky I know but I like these guys. I am personally going to try and trade to get myself a free ride. Just a 15 mill market cap right now, assets greater than that, incoming revenue from 2 factories 2024
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