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I think the news that there are further permits required before the plant can become fully operational may be holding the SP back. This is worth a listen and I have it on as I am typing. Robin has just said there should be news regarding the opening of the Lithium Ion plant "possibly within a couple of weeks". It seems it is now a formality to get the remaining permits for Tipton.
https://audioboom.com/posts/8080889-midweek-takeaway-featuring-robin-brundle-chairman-of-technology-minerals-lse-tm1
I must be honest and say I did have a few wobbles this morning but decided to ride it out. I am not a regular contributor to this board but have said all along it is a medium to long term investment for me. There is no doubt it will remain choppy until the news flow we have all been waiting for starts to materialise. I still believe in this company and think those of us that hold will have our patience rewarded.
I remain convinced this share is a good long term holding. The current low price is an opportunity to get more in to my ISA allowance for this year. Every cloud......
Thank you DBD and Alun. Out of deference to everyone else not in the stocks we are sharing no more talk about them from me for a while.
DBD Regarding Spectrum X I thought that may be the case. Along with my wife I am just in the process of doubling our investment there. I do believe they have exceptional potential and it is the warrant shares I am after as much as anything.
TM1 will be my second biggest holding once the extra Spectrum X loan notes are purchased. The vast majority of what I have was purchased at pre IPO discount and again, it was the offer of the warrants that proved hard to resist. Congratulations on your gains with KIST, I will have a look at them but suspect I may be a little late to the party. I will also have a look at TGR who have popped up on this board and the ADV one. Share I, I note they are your largest holding.
Apologies to all for the non TM1 stuff in this post. I think I posted something a while back under the subject "Patience is a Virtue" and that is still my belief. I think all of us that have got in early here will do very well if we hold for the medium to long term. Good luck to us all.
I just topped up a further 105702 shares at 3.8675 through my HL account.
A good start to the week. I did hear 5p by Christmas mentioned as a price target but I believe that is a little optimistic. I will be happy with some good consolidation and staying with something that comfortably has a 3 in front of it.
Sorry Sausage. As I often say to my wife "I only have a male brain to work with, mistakes are inevitable".......
Seagull and Sausage. You mention "the other pre IPO we're in" SPC-069?
My question regarding the percentage of market share TM1 need to corner got as far as Robin yesterday. The answer I received was that my calculations are correct but that I was overlooking the recycling possibilities at manufacturing, as opposed to disposal, stage of the batteries. That was described as the "main supply" so the market share will actually need to be an awful lot less than the 6-7% I mentioned to still achieve the tonnage being targeted.
Sorry, it would help if I added the attachment. https://www.youtube.com/watch?v=mTdc0_AHXoo
Another interview with Alan Green. Skip to 15.40 for TM1
Thanks for that Alun, well done for finding it.
Yesterday I asked the question "What percentage of the available batteries in Europe do TM need to claim to achieve their 10 year forecast of 20,000 tonnes of lithium ion and 60,000 tonnes of lead acid batteries recycled per annum?" I won't bore you all with the mathematics of it but from the last two lines of the interview I have calculated it is 6.2% and 7.2% respectively. What I do not know is if the figure quoted for batteries up for recycling (831,000 tonnes of lead acid is 72% of the total) is a current or projected one.
Does anyone have an idea or any other figures they would like to offer re the percentages of batteries available TM need to recycle to achieve their growth target?
Just topped up another 49000 via my HL account. It took less than two minutes which included selling another stock to raise the funds. My thoughts were "do I genuinely believe every other stock I hold in this account will perform better than ADV over the next few weeks"? The answer was "no" so I sliced a little off another holding and made the trade. I do not understand the criticism of others that have said they will view a drop in share price as a buying opportunity. We all want the same thing in the end.
Thank you SI. I think it is only a matter of time before we are a small as opposed to micro cap company. I also do not think it needs to stop there but this is all a very long way ahead. Patience is a virtue.
I would like to remember my manners so rather than thank anyone else who may welcome me to the board I will say thanks in advance to all.
Thank you Sausage. I have been following a couple of the other boards for different shares for a while so thought I would do the decent thing and join in. Thank you to everyone who has posted useful and informative information.
SF, I share your sentiment. It is difficult to think anything other than positive pressure on the SP soon given where we are. I have also been tempted but opted for TM1 instead as I think they are a safer long term bet. Also, I am still licking my wounds after showing a little too much enthusiasm for HE1.
I invested in TM1 pre IPO and also topped up in one of my ISA's this morning. I do not think we will see too much action with the SP this side of Christmas but believe we will start to see significant gains in the New Year. For me this is a long term investment and I think those of us that hold on will be rewarded.