Member Info for miningforgold

Here for the SPAC

Thanks for your concern though 🫡

The market is not waiting on Islamic banking revenues in 2026 to re rate this business. The nearterm catalyst is the pending SPAC listing with Bradbury Group (billions AUM) via TETE in the US ($1.1Bn Nasdaq listing)

That SPAC transaction is strategically important because it creates a separate US listed vehicle for part of the MobilityOne ecosystem, brings external capital, valuation discovery, and institutional visibility, completely derisks the group balance sheet by monetising assets without relying on organic profitability alon and gives us a £10M guaranteed liquidity and re rating event independent of short-term earnings and an extra £4m of shares at $10 per share. The latest update was filed with the Securities and Exchange Commission on December 31, 2025

the investment case here is not wait 12–24 months and hope margins improve. There is a defined corporate action on the table that can crystallise value well before full profitability is achieved at group level. focusing purely on historic losses misses the point and as we all know, the market often reprices companies ahead of profitability when there is proven revenue scale, regulatory licences, corporate restructuring or listing events and a clear path to unlocking value outside the legacy P&L. Yes of course cost control and margins matter but with the SPAC process ongoing alongside a £230m+ revenue and costs being reduced and now pre approval on Islamic finance, the risk & reward is no longer binary on us just being profitable.

I completely agee people anyone investing or trading do their own due diligence but dismissing the approval as “Malaysia only” materially understates both Labuan’s role and the scale of the underlying business it plugs into. While the RNS refers specifically to a Labuan licensed Islamic digital bank, it’s worth noting that Labuan operates as an international financial centre, commonly used for cross border Islamic finance and treasury structures.

If you get bored have a gander

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/formf-4a.htm or check historic posts, I link to most of the useful diagrams and infographics which are easier on the eyes this time of night 🤣 GL whatever you choose

This business has been trading for 20 years and is one of the leading virtual distributors of mobile prepaid reloads and bill payment services in Malaysia, sitting quietly at the centre of the country’s digital payments infrastructure. The Group connects banks, telcos, utilities, government agencies and transport providers through a single, scalable fintech platform, distributing services via mobile wallets, internet & mobile banking, e-commerce sites, EDC terminals, ATMs and kiosks.

Crucially, this is a licensed, regulated operator, holding approvals across merchant acquiring, e-money, remittance and lending. That matters. Barriers to entry are high, compliance is expensive, and not many players can legally operate across all of these verticals at once. This gives MobilityOne flexibility to roll out white-label wallets, payment gateways, terminal-based services, remittance rails and custom fintech ecosystems for communities and institutions all from the same core stack.

Read the annual report StockMaiden. FY2024 was clearly a transition year here. Revenue was £230.2m Gross profit £11.1m, margins broadly stable despite a tougher environment

Moving into H1 2025, the trend improved. Revenue: £116.0m Loss after tax reduced to £1.14m (from £1.68m) Improvement driven by better gross margins, tighter admin costs, and reduced losses from associates, including the healthtech subsidiary Hati

while legacy prepaid and bill payment volumes via banking channels softened slightly, the future-facing parts of the business accelerated, with over 50% growth across EDC terminals, Payment gateways, Third-party e-wallets, E-money services. Last week we received conditional approval to establish an Islamic digital bank in Labuan from the Labuan Financial Services Authority. Positions us at the intersection of digital banking, Islamic finance, fintech infrastructure.

Then there’s the SPAC catalyst Feb that unlocks £14m

It’s a good bet on a company that’s been around 23 years! And the ceo owns 60% whilst free floats been traded twice in 4 days!

Back in May 2021, the share price spiked to 50p on just 4.2 million shares traded but it was built on thin liquidity and emotion. A small amount of aggressive buying ran into a lack of supply, forced a vertical move, and collapsed the moment sellers showed up. No absorption, no base, no durability.

Fast forward to now and a completely different story.

Over the last four sessions alone, the following volumes have traded as follows

31 Dec 18.76m (close 1.90)

2 Jan 22.99m (close 3.50)

5 Jan 26.23m (close 7.63)

6 Jan 21.67m (close 9.89) reported so far

That’s 89.6 million shares in four trading days 😂

REMINDER TO ALL Shares outstanding: 106.3m, CEO owns 60.58% = Free float is literally only 43.7m shares. So in four sessions, over 200% of the entire free float has changed hands.

You don’t turn over the entire tradable supply of a company twice in four days unless something fundamental is happening. This isn’t a thin pump, this isn’t retail chasing, and this isn’t one crowd flipping shares back and forth. This is full supply clearance with legacy holders finally getting liquidity after years underwater, and new buyers stepping in prepared to transact size and sit through volatility.

Despite that scale of volume the price did not collapse. Today the stock traded between 7.50 and 12.50 and still closed at 9.89, holding the majority of the prior day’s gains! If this were distribution, price would already be back near the lows and It isn’t. This is the crucial difference versus 2021 mega rise

Back Then the price moved because there was no stock available. Now the price is holding because stock is being absorbed

The entire free float has effectively been re-owned twice in four trading days 🤯

Mattjoss. Great job over on ADVFN thanks for sharing 🫡

Here’s my post from yesterday, good to know it’s being shared on other forums.

The SEC documentation is extensive, but for anyone short on time, the links below pull out a number of the diagrams and visuals that clearly illustrate the commercial setup, product scope and revenue mechanics behind the transaction.

The SPAC has been independently valued at a fair market value of $1.1 billion, as set out in the filing:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_028.jpg

An overview of the expanded product set being managed and enabled by MobilityOne:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/formf-4_007.jpg

Illustrations showing how revenue is generated on a per-transaction basis across the ecosystem:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/logo_001.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/logo_002.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/revenue_001.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/revenue_002.jpg

Wallet and platform architecture (including B-Wallet):

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_012.jpg

Full filing index for reference:

https://www.sec.gov/Archives/edgar/data/1986694/0001493152-25-029854-index.html

Merchant sales and distribution footprint:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_014.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_015.jpg

Industry outlook and market growth context:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_016.jpg

Transaction value flow and scaling assumptions:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_018.jpg

Comparable companies and valuation benchmarks:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_027.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_035.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_036.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_037.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_038.jpg

Baker Tilly Malaysia is involved on the accounting side. Baker Tilly Malaysia is one of the country’s largest audit and advisory firms and an independent member of Baker Tilly International, the world’s ninth-largest accounting network, providing additional comfort around governance and financial oversight.

15.2m shares have traded now today alone, roughly 35% of the estimated free float.

Again, like previous days is exceptionally high and suggests this move is not just retail churn, but active float rotation. When this proportion of available stock changes hands, it typically indicates strong demand absorbing supply, which often leads to price discovery rather than mean reversion

Worth watching how much additional volume comes through into the close these next few hours because sustained participation at these levels usually underpins continuation.

Price action is confirming the flow, the spread has tightened from 8–9p around 20 minutes ago to 10.5–11p as I type this 14;00, with buyers consistently stepping up rather than fading strength! (Welcome back rainbow chasers 👋)

However, just know that this is the real thing, not the usual thin, micro cap spike that fades once the noise dies down.

There is substance behind the move, with £10m of cash expected, including £4m via equity issued at $10 per share in the JV with TETE which materially underpins valuation from here!

Speeding ticket issued and can now see buys coming back here.

Should never have left 😂

Should be ashamed of yourselves

That £70k figure is being taken completely out of context and, frankly, misrepresents the position.

The H1 2025 RNS clearly states that we reported approximately £3.0m of cash and cash equivalents at 30 June 2025, including fixed deposits classified under other financial assets. That is the correct number to reference, not a cherry picked snapshot figure stripped of context!

More importantly, focusing purely on cash at bank ignores what the interim results actually show. Revenue for the half year was £116m, up nearly 5% year on year, and the group reduced its loss after tax from £1.68m to £1.14m. That’s a business doing serious turnover while actively tightening costs and improving operational efficiency?

The balance sheet reflects net current liabilities that’s not unusual for a highvolume payments and platform business where working capital flows receivables and payables move through the system continuously. It does not mean the business is running on fumes and it certainly doesn’t negate £200m+ annualised revenue.

Crucially, the interim RNS itself highlights what changes the picture going forward. The JV IS expected to significantly enhance the group’s financial position and future growth. That includes a material cash inflow on completion, alongside longer term recurring transactional revenue while MBO retains ownership of the platform, licences and technology for 10 years!

So this isn’t about pretending the environment is easy, management explicitly says it remains challenging but reducing the entire investment case to a misleading £70k cash soundbite ignores both the scale of the underlying business and the nearterm structural changes that are already well advanced.

As ever, people should read the RNS properly and form their own view, but the numbers don’t support the narrative being pushed there!!

Don’t forget £10M cash coming ourway once prospectus is approved by the SEC in USA deadline February 💪🏻 and then £4m at $10 a share which could go up significantly anytime throughout the year and be worth fortunes

Do some research before posting this nonsense

First, the core business is already doing serious numbers. FY2024 revenue was over £200m, which is often overlooked given the current market cap. At the same time, costs have been cut and the group has shifted its focus toward higher-margin services, so the quality of revenue has improved, not just the headline figure. This is a business that is already operating at scale, not one promising revenue “in the future”.

Second, the Islamic finance approval is now in place. That isn’t generating revenue yet because the correct regulatory and operational steps have to be completed first, but it opens up a large, new addressable market once launched and adds a separate growth leg to the existing business.

Third, the Nasdaq JV is a material near-term catalyst. On completion, MBO is due to receive around $14m in cash in staged payments, with additional upside potential through shares subject to revenue targets. Beyond the upfront consideration, MBO retains the platform, licences and technology and earns ongoing transactional revenue through the JV for a minimum of 10 years.

$1.1BN fair valuation IPO on Nasdaq coming next month approved by the SEC

All to play for

“Thanks for the informative posts, Mining. Have you made any projections re MBO’s possible mcap if this all comes off?”

No problem. I don’t make market cap or share price projections because there are too many variables and anything can happen in the short term. What I do focus on is fundamentals and direction, and on that basis there are a number of clear positives with MBO.

First, the core business is already doing serious numbers. FY2024 revenue was over £200m, which is often overlooked given the current market cap. At the same time, costs have been cut and the group has shifted its focus toward higher-margin services, so the quality of revenue has improved, not just the headline figure. This is a business that is already operating at scale, not one promising revenue “in the future”.

Second, the Islamic finance approval is now in place. That isn’t generating revenue yet because the correct regulatory and operational steps have to be completed first, but it opens up a large, new addressable market once launched and adds a separate growth leg to the existing business.

Third, the Nasdaq JV is a material near-term catalyst. On completion, MBO is due to receive around $14m in cash in staged payments, with additional upside potential through shares subject to revenue targets. Beyond the upfront consideration, MBO retains the platform, licences and technology and earns ongoing transactional revenue through the JV for a minimum of 10 years.

Add all that together and you’ve got an established business with significant existing revenue, improving margins, regulatory optionality through Islamic finance, and a sizeable near-term cash inflow plus long-term recurring revenue from the US listing structure. I’m not putting a number on the market cap, but those are the reasons I think the current valuation deserves closer scrutiny.

From here, it’s no longer about structure or viability. What remains is purely procedural SEC review timing, the possibility of a final comment round, the effectiveness notice, and then the EGM and closing mechanics. In other words, this is no longer a question of if the transaction works, but when the regulator clears it.

The deal is agreed, shareholder approval is already in place, and the completion deadline has been formally extended to February 2026. Funding risk has been addressed with PIPE and non-redemption agreements in place, all audits are complete, and the latest amendment refreshed every required expert consent so the filing is technically current.

Not long until SEC approve the $1.1BN IPO

£10M for MBO

£4 at $10 for MBO

Complete game changer event likely to happen anytime

For those looking beyond the upfront consideration, it’s worth highlighting that this structure also creates ongoing transactional revenue for a minimum of 10 years through the JV, with MobilityOne retaining ownership of the platform, licences and core infrastructure…

The SEC documentation is extensive, but for anyone short on time, the links below pull out a number of the diagrams and visuals that clearly illustrate the commercial setup, product scope and revenue mechanics behind the transaction.

The SPAC has been independently valued at a fair market value of $1.1 billion, as set out in the filing:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_028.jpg

An overview of the expanded product set being managed and enabled by MobilityOne:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/formf-4_007.jpg

Illustrations showing how revenue is generated on a per-transaction basis across the ecosystem:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/logo_001.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/logo_002.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/revenue_001.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/revenue_002.jpg

Wallet and platform architecture (including B-Wallet):

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_012.jpg

Full filing index for reference:

https://www.sec.gov/Archives/edgar/data/1986694/0001493152-25-029854-index.html

Merchant sales and distribution footprint:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_014.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_015.jpg

Industry outlook and market growth context:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_016.jpg

Transaction value flow and scaling assumptions:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_018.jpg

Comparable companies and valuation benchmarks:

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_027.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_035.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_036.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_037.jpg

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/annexd_038.jpg

Baker Tilly Malaysia is involved on the accounting side. Baker Tilly Malaysia is one of the country’s largest audit and advisory firms and an independent member of Baker Tilly International, the world’s ninth-largest accounting network, providing additional comfort around governance and financial oversight.

For anyone tracking this closely, these visuals help clarify how the structure works in practice and where the long-term value and recurring revenue streams are

One thing worth highlighting when looking at the recent price and volume is the timing. This activity is happening ahead of the key catalyst and not after it

To reiterate we are due to receive £10m in cash. Relative to the current market cap, that would be a transformational balancesheet event.

What stands out is around 150% of the free float has already traded in just three sessions, before this event!!With 60% insider ownership, the available stock has been heavily recycled, so a lot of weaker and short term holders have already been flushed out and the remaining float is becoming increasingly tight.

This matters because once a stock moves into a low supply environment, the price dynamics change as we are witnessing. At this point, confirmation events don’t need huge volumes to move the share price, relatively modest incremental demand can have an insane impact.

In our last 3 trading sessions 67m shares have switched hands and from our tinyfree float of just 43.7m shares, an astonishing 150% of the entire free float has turned over 🤯

late reported trades alone today make up 7% of this!

Now would be an ideal time for management to engage the market with an interview or presentation outlining recent progress across the Group.

The business has achieved several material milestones in a short period, with continued execution in its core payments operations, conditional approval for a Shariah compliant digital banking platform, and a transformational SPAC transaction that is approaching its final deadline! These developments significantly enhance both the strategic profile and balance sheet optionality of the Group.

As we are already emerging as one of the strongest performing AIM stocks of the year, with huge gains since last week, investor interest is clearly elevated and people keep coming on here to cross ramp their penny shares 🤨🤨🤨

Especially when the business is transitioning from a legacy payments narrative to a broader fintech and digital banking platform with meaningful nearterm catalysts.

🎥

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the inclusion in this Registration Statement on Form F-4 (Amendment No. 19) of our report dated August 15, 2025 with respect to the audited consolidated financial statements of TETE Technologies, Inc. and its subsidiary ( collectively, the “Company”) as of November 30, 2024 and 2023, for the year ended November 30, 2024, and for the period from June 16, 2023 (inception) through November 30, 2023. Our report contains an explanatory paragraph regarding the Company’s ability to continue as a going concern.

We also consent to the references to us under the heading “Experts” in such Registration Statement.

/s/ MaloneBailey, LLP

www.malonebailey.com

Houston, Texas

December 30, 2025

Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the inclusion in this Registration Statement on Form F-4 (Amendment No. 19) of our report dated March 17, 2025 with respect to the audited consolidated financial statements of Technology & Telecommunication Acquisition Corporation and its subsidiary (collectively, the “Company”) as of November 30, 2024 and 2023 and for the years then ended. Our report contains an explanatory paragraph regarding the Company’s ability to continue as a going concern.

We also consent to the references to us under the heading “Experts” in such Registration Statement.

/s/ MaloneBailey, LLP

www.malonebailey.com

Houston, Texas

December 30, 2025

Exhibit 23.3

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the inclusion in this Registration Statement on Form F-4 (Amendment No. 19) of our report dated August 5, 2025 with respect to the carved out financial statements of Oneshop Retail Sdn Bhd out of Mobilityone Sdn Bhd as of December 31, 2024 and 2023, and the related statements of profit or loss, parent-entity net investment, and cash flows for the year ended December 31, 2024 and 2023.

We also consent to the references to us under the heading “Experts” in such Registration Statement.

UHY Malaysia PLT

(202406000040 (LLP0041391-LCA))

www.uhy.com.my

Kuala Lumpur, Malaysia

December 30, 2025

Oven ready

Reminder

TETE SPAC with Super Apps Holdings is a proper Nasdaq transaction, not AIM smoke and mirrors.

This is a multi-year US SPAC process with audited accounts, repeated SEC F-4 amendments, named counterparties and contractual mechanics already locked in.

Super Apps is backed and led by Bradbury Group, operators with nearly a decade building regulated brokerage, asset management and capital markets businesses across Asia.

Technology & Telecommunication Acquisition Corp is simply the Nasdaq on ramp. When this closes, it’s a US-listed operating business, full stop. Anyone quoting the Islamic finance hasn’t read the filings for the MAIN catalyst here.

If you understand SPACs, you understand that once the SEC signs off, the value unlock is mechanical and we get £10M cash and £4m shares at $10 achieving revenue target.

Reminder - Current Revenue is over £200 million

Listings on Nasdaq is $1.1 Billion

Signed when everyone was off (New Years Eve)

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/ex23-1.htm

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/ex23-2.htm

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/ex23-3.htm

The person behind it, Keith Loo

These are a serious outfit and the latest filing on the USA listing looks ready for approval by the SEC.

just one part of the Group -

“With nearly USD 3 billion in assets under management (AUM), Bradbury Asset Management is guided by a disciplined investment philosophy that combines global perspective with deep regional insight. Our agile approach enables us to identify emerging opportunities and support our clients and partners in navigating the ever-evolving markets.”

Chairman & Group CEO

Sep 2022 – Present · 3 yrs 5 mos

Bradbury Capital Holdings Inc (pending Nasdaq listing)

Super Apps Holdings Sdn Bhd

Chairman & Group CEO

Jun 2016 – Present · 9 yrs 8 mos

Bradbury Securities Limited

Bradbury Asset Management (Hong Kong) Limited

Bradbury Investment Fund (SPC) Limited

Bradbury Fund Management Limited

Bradbury Asset Management (Malaysia) Sdn Bhd

Bradbury Land (Malaysia) Limited

Global Landmark Limited

The big potential driver is a planned Nasdaq listing by the end of February. The paperwork for this moved forward on New Year’s Eve when Technology & Telecommunication Acquisition Corporation (TETE) filed an updated document with the US regulator.

TETE is backed by Bradgate Group, which manages billions of dollars across its businesses.

The key points, which you can read for yourselves

MBO owns 40% of OneShop Retail

Super Apps owns the other 60%

MBO provides the tech under a 10-year agreement and receives around £10m one listing. Plus £4m at $10 when revenues achieved.

MBO keeps the licences and platform

DYOR

https://www.sec.gov/Archives/edgar/data/1986694/000149315225029854/formf-4a.htm

Islamic finance was just a bonus

This company been trading 20 years and does over £200m revenue a year!