RE: Bounce3 Feb 2023 10:03
Hi NewInvestments, have you any reasoning other than share price trajectory?
TM1 are, according to management, on the cusp of cashflow vai their Recyclus business. The main sticking point is the EA licensing for automatic recycing which has been applied for and communicated over but hasn't been granted yet. The arrival of a licence should (theoretically!) see a quick re-rate, but as time goes on it's cash burn. The cash burn may be countered by some manual recycling but we are also awaiting confirmation of deals to buy the elements that have been extracted from the process. I've invevsted, having listened to a few interviews with Stanbury & Brundle, on the basis that the licensing wait is in the latter stages and could land in this quarter, of which we are already nearly half way through. The share price is going to drift until we get some firmed up information about production schedules. It's the unknown timescale that is attacking the SP, but the potential is huge.