Member Info for MadChatter

Interesting to note from their last accounts that if they were to sell their assets and become a true cash shell, ALL outstanding debts would be covered with cash to spare. If they got a decent price for the asset, would need to see more recent accounts though.

Indeed, and respectable people don't go around making comments about someone including their race because they called you out for fact checking. Says all you ever need to know about a person imo.

Agreed. Obviously because of the limited shares in issue this is moving fast in both directions. I'm certainly happy to wait until I hear the outcome of due diligence. Or 3p, whichever comes sooner.

Important for people new reading this to note, the estimated completion of due diligence for our rto is due to finish "approximately" on monday.

Could be fireworks, but certainly explains the interest in the last few days

Mtfb a share also looking to rto, about a month after this one

That did make me smile, if the government are picking up the payroll tab for lifestyle companies :D

One more thing worth noting, the number of shares in issue has barely changed in 2 years. Increased roughly 12% ish, which compared to he cast majority of companies on here is remarkable!

Very tight control of admin expenses

I think you misread, that's indeed what I was saying. Some guy on Twitter with a bad rep on here from other shares has been non stop posting misleading statements about rto process all day and even got the rto target wrong!?

He's not wrong on the debts situation, but imo lets say we were going to be diluted 10 x for the rto (given that the overall mcsp will then be far in excess of this so everyone wins), they may just say a 12 x dilution and the debts and warrants are taken out of that.

Or they carry the debts forward into lcmm (unlikely).

The reason they won't immediately issue 200million shares or something stupid is because the free float here is relatively small (much greater impact on large shareholders) and if the rto didn't pass due diligence, or didn't complete for any reason we'd have a mountain of shares to clear for no reason.

Its why the massive dilution and assets combined normally happens together and in temporary suspension.

This could do a small raise tomorrow of course, who knows. But I know at this mcap the risk is worth it. Anyone who disagrees just sell!

Also one for you on Twitter as I know you're reading.

https://www.onlinefilings.co.uk/company/profile/12505827-london-critical-metals-market-ltd/

The billionaire is on the board of London critical metals market.

He is NOT on the board of critical metals but that is a *completely different company* nothing to do with Czn afaik.!.

At least get your facts straight on which company is rto lol. Joker

The volume of boys imo it has switched hands and whether that was a buy or a sell we'll see the opposite soon to balance out.

What a complete tool suhail is on Twitter. I had respect for him once, for a couple of weeks long ago on rld but after that just an absolute joke.

Incidentally if it were a sell, there is only one shareholder who could clear that in one transaction. But their record keeping is rubbish so hard to say.

So having just gone through their very poor record keeping of TR1s and major holders from accounts, I put the free float here somewhere between 19 and 30% before that trade today. (Say 16m to 24m)

A huge part of which was traded today.

If anyone wants to sell incase of a placing just do it regardless, I care little, but at least understand how rto work first.

So seeing as certainly one person is massively confused and spreading misinformation.

1. This has had debt finance to keep the lights on prior to rto. That tells me they do **not** intend a huge placing immediately which is what he keeps saying will happen.

2. Companies who rto do issue huge quantities of shares **on rto completion** at which point this could be mcap 30m so we all still 5 to 10 bag etc.

3. The previous nominal wouldn't have allowed a sufficient number of shares to satisfy the intended articles of LCMM I'm imagining. Dropping it in combinations with point 2 above means its **entirely irrelevant**.

Anyone listening to suhail on Twitter just ignore and read above.

What is the connection, if any, between London critical metals market and Critical Metals, also based in london and seeing to ipo? One and the same?

Its not even 11 and we're probably already 10-20 times the average daily volume.

In terms of volume, yesterday completely massively dwarfed the volume for the last year at least. The large seller(s) who took this down on peanuts must have cleared out pretty much all by now.

Unlike on here it's hard to tell who is new on Twitter to be honest. It's a fundamental point I see people talking about hundreds of times a day on bb. Twitter rampers made me do it etc.

There is only one finger on the buy button and if people cannot accept it then don't use bulletin boards or twitter!! As blindingly obviously almost everyone wants everyone else to buy! Always will be the case.

You are implying followers are sheep? I like to think people make their own investments decisions.

Basically this was walked down ridiculously on very few trades, but even now it rockets up and down on virtually nothing.