Member Info for longtimeinvestor

Gem

''Looks like the consolidation was only done to make the warrants worth money.''

Well the consolidation was a condition for the money raising - that's all you can, say but as I said it has confused a nimbler of people as to what the warrant holders are paying.

The warrants gave a 54% discount to the share price at the time, but the vast fortune they are now making is all due to purchasers of shares pushing up the MET1 valuation already way beyond the value of the assets held by them.

Currently an 8 fold profit available to them - they love the gullible

Smud

''Seems like your starting an argument with me,''

there is no argument - you were confused and I have simply helped you out with the FACTS.

''In conjunction with the Equity Fundraise, Metals One intends to facilitate a Retail Offer of up to £100,000 in order that existing shareholders may participate on equivalent pricing terms as the Equity Fundraise, being 2p per share (post-consolidation), representing a discount of approximately 53% to the closing share price on 30 January 2025 of 0.43p (equivalent to 4.3p post-consolidation)''

'' At the same time the Company has undertaken to seek shareholder approval for a 10:1 share consolidation. References to the terms of the Equity Fundraise relate to a post-share consolidation share price.''

"Prepaid Warrants") in the Company exercisable at a fixed price of 2p per warrant along with two attaching cash warrants ("Cash Warrants"), also exercisable at 2p per warrant''

https://www.lse.co.uk/rns/MET1/convertible-loan-proposed-equity-fundraise-pt7nv3z90t5brat.html

Smud

you are CLUELESS - that is why I said smoke and mirrors - you are totally confused which has resulted in you posting nonsense

Smud

''This must have happened, note point 3 in particular

''

a share capital reorganisation by consolidating every ten ordinary shares into 1 new ordinary share.

I don't know why you bothered posting - that is precisely what I said. The fund raising was on condition of a 1 for 10 consolidation. In other words 250 million PRE PAID 2p warrants and 500 million cash 2p warrants being able to be converted to POST consolidated shares. There has already been about 100 million 2p warrants that have been converted.

No one would pay 20p to get a share

No one would pay 20p to get a share

Smud

''by the rapid conversion price let’s face it it went from from 2 to 20 rapidly.''

this is precisely what I am getting at - people confused . NO the conversion has NOT gone to 20p, they are ALL at 2p.

The cash warrants had a potential to raise up to £10 million - 500 million at 2p each. The share price is currently well under 20p with over 12 million 2p warrants converted to shares this week, No one would pay 2p to get a share that could be bought in the market at a much lower price. There is the potential for hundreds of millions of 2p warrant conversions

Flec

what do you mean the next regime. The vast majority of Iranians want an end to the Islamic republic It is the current religious regime that wants to destroy Israel.

2 week deadline has come and gone - the result, ever more attacks on Ukrainian civilians . About time trump stood up to Putin ,as currently he looks very weak indeed .

2 week deadline has come and gone - the result, ever more attacks on Ukrainian civilians . About time trump stood up to Putin ,as currently he looks very weak indeed .

Flec

''except that what remains of the nuclear program will likely be reinstated. if iran survive they'll just move everything further underground''

The Americans need to help in destroying the underground nuclear facilities first and foremost - no good doing part of the job.

If the regime fell, then there would be every possibility that new leaders (hopefully a democracy) would not want to seek to wipe Israel off the face of the planet making a nuclear bomb no longer an aim as is currently the case with the Islamist regime.

Le

and?

I made the point that the raising of money at 2p per warrant was on condition that the warrant conversion price per share (2p) was on post consolidated shares. smoke and mirrors, which is why many were confused with what was taking place

The 1 for 10 consolidation happening on condition that warrants were given at 2p seems was a bit of smoke and mirrors.

The 1 for 10 consolidation happening on condition that warrants were given at 2p seems was a bit of smoke and mirrors.

For MET1 currently, should not be more than about £5 million - that is probably the value of current assets - obviously cash coming in from cash warrants 2p x Xmillion as time passes can contribute to assets in the shorter term, but at the same time decreasing nav per share

Hop

'' but the share price has held up today''

a bit more bait was fed to the gullible by way of an RNS

''it will go above 20 do you disagree with that?''

the share price will go as high as the gullible want to take it - the higher the share price the more warrant holders make - it would currently be about a 7 fold profit for them .

20p this week equals a market cap of about £29 million.

What has MET1 have that is worth £29 million? Their spend on their pieces of paper has been a fraction of that.

12.4 million shares were added JUST yesterday making about 100 million so far since going cap on hand

Hop

''but this has not occurred.''

FFS - so warrants holder will not want to be given the value of a share at any given time in exchange for their 2p?

and you call yourself a shareholder

20p today would mean a market cap of £29 million - the RNS today referenced an asset (pieces of paper) that cost 100,000 dollars 2 months ago