Member Info for roger65

So you think a £40k p.a job for a6 month term only heralds a turn in MAC’s fortunes? Think that’s the perfect definition of clutching-at-straws. I know things are bad here but this suggests they’re miles behind Cornish lithium and even Northern Lithium.

Last year there was mention of potential production in late 2026. Clearly that was absolute nonsense. At this rate they’ll be lucky to get the demonstration plant designed and built by 2028, never mind 2027.

Anyone any thoughts on how they’re going to raise the £60m they said they need?

Ooh interesting. However, to me that looks as if they need to do more research - 6 months is funded apparently - before they might be in a position to lure any partners in. Back to sleep until early 2027 is my guess.

Hilariously NU ifb you look back a long way you will find I DID warn people at GST but that wouldn’t fit yr narrative to try and devalue my posts and you’d prefer everyone to read your drivel about Alludium being an AI unicorn…. I know you must be desperate to get out of this now without losing too much before you lose everything but trying to do so whilst telling others they are on to a winner? Hmmmm

No, we don't know of any progress made. There has been nothing on the Weardale website for well over six months now and certainly nothing from MAC other than rubbish saying we're in the latter stages of partnership discussions. I think what that means is what little cash is left the MAC directors are willing to hand over to someone else in order for a small % of their business interests - which will most likely come to zippety doodah.

And yes there was £50m of funding but over £30m of that has already been handed to Cornish Lithium. Do you keep up with anything? The UK govt wants the private sector to pick up the tab for this project but it looks as if the Weardale CEO is finding it tough to lure anyone in, hence the ongoing silence. My guess is MAC will be asked to hand over another half a million quid or something to Weardale to help keep the lights on for another 6 months until a partner is found or.....

Yeah like they had a riches of cash such they could throw half a million quid in Klarian's lap for nothing in return. WTF is that about? Anyone? The likelihood is they will never get it back so something stinks with that.

'Alludium certainly shaping up to be an AI Unicorn and CTAI has so much exposure to it.'

This post looks really idiotic now but should at least alert some pis to the games going on here.

'Bid on the move could an interesting February if there is commercial news incoming.'

Why do you bother posting something like that YTB? Just rubbish. The Bid hasn't moved at all and this is going nowhere for the foreseeable. Actually it's more likely to go down than up on now news and with Klarian struggling to stay in business. CTAI's share price will take a massive hit if Klarian go into administration and all the evidence is pointing to Klarian having no money left to pay any bills, let alone this loan to CTAI which is increasing massively every few months. I think they know the writing is on the wall and that the loan will simply be written off. nothing CTAI can do as the very clever Directors made it an unsecured loan so they have nothing against which to push any claims. Ridiculous investment

'Weardale Lithium £1billion valuation, MAC has 8%, that's £80m for Mac'

Doesn't really work like that P2R. If you look at the potential revenue that could be generated that might give you a better ball park figure as to what kind of valuation MAC might be able to realise in the near term. Current price approx £15k per ton. 10,000 tons per year makes £150m per year before costs. Let's just guess at say 50% is actual profit ie £75m. Typical mcap valuation is anywhere between 4x and 10x the profit made after costs.

If we estimated even just 25% profit from that level of income and took a multiple of the mid point btwn 4 and 10 ie 7 then that's still a mcap of £175m. Where are we now? Oh yeah, £2.7m. This is why I'm totally bemused as to the current stagnation in the share price. There has been a slight rise since late 2025 but still nothing like what I imagine there could be were any partnerships announced. 5 individuals, Directors and significant share holders, own about half the company so they stand to make an absolute fortune if they can seal a deal. Thing is, are they going to be greedy and try to rid themselves of retail investors first before any progress is made/announced? One would seriously hope they stand to make enough profit that they wouldn't feel the need to screw a handful of smaller investors.

All hangs on funding for Weardale and whether or not Stewart Dickson can deliver a significant partner. If he does then this goes parabolic and we enjoy a good day or two for once. C'mon Stewart!

I suppose one big question regarding your last post SW is has Stewart Dickson ever raised capital for a project like this before? As far as I'm aware he hasn't but that's not to say he won't have the right kind of contacts or skills to do so. Right now my feeling is he should not be waiting for funds from the Govt before making other approaches to the private sector. Looks as if the Gov wants to make Cornish Lithium their flagship investment and hope that others benefit from the interest that will cause.

Seems as If this Labour govt is using the same approach in multiple areas: shout loudly about what you’re going to do and then quietly sit doing nothing until someone notices…. This quote below is regarding the Defence spending and hundreds of small companies awaiting news and contracts from the uk govt.

‘ Defence firms have complained to the Bank of England that business is stalling, in the latest evidence that a hoped-for government spending boost has yet to materialise.

A survey conducted by the Bank's network of agents said that 'defence contacts report new orders are slow to progress'.

The comment – part of a wider report into business conditions across the UK economy – appears to confirm the exasperation of defence companies with the Labour Government.’

Sound familiar?

Seems to be a good sense of realisation here now as to the current situation CTAI share holders find themselves in.

'Klarian has asked to let this debt run, IMO due to the fact they really dont have much money to repay the loan.'

Correct. The most likely outcome here is that Klarian will sign over a % of the company in order to try and rid themselves of the debt. Will be made to sound like a great deal but in essence will be a worthless piece of paper should Klarian go bust.

'Alludium appear to say they will run their pricing schedule in align with Loveables structure.' Saying and doing are two very different things. I would like to run my finances along similar lines to Warren Buffet... See what I mean?

'if Alludium can replicate or better loveables meteroric rise and you have the balls to hold, it will be life changing for a lot of us.'

That is one heck of a big IF.

The knife edge is at least now being acknowledged by posters here and so now a sensible exchange can be held.

The potential is massive. I accept that. However, how many times have you seen/heard/read similar statements made by AIM Company Directors only to see it all come to nought? Just be realistic. Without further evidence I think one has to assume the Klarian money may well be lost. Also without further evidence soon of some serious interest in Alludium I think one has to assume it could just fizzle out. For everyone's sakes here I really hope that doesn't happen.

I am intrigued because the world of AI can produce extraordinary results in an incredibly short space of time. IF Alludium announce a major paying customer then this will rocket but it sounds to me as if they are in a race against time before their money runs out

And yet StMArtins, in all the times you've done that not one of my posts has been removed. Why is that do you think?

Cash position in CTAI was less than £5k as of June 2024. They have spun you all a yarn and managed to spend the cash as quickly as it rushed in. Bets placed and then wait and see.

Klarian will not be doing a webinar because they will soon be bust imho.

CTAI directors just smoking their cigars and awaiting news from Alludium crew. If they fail then these guys will simply move on to the next trend and come back to you asking for more of your cash.

Steve196 - it looks as if the others are beginning to catch on and now expressing reservations on Klarian's ability to pay back the loan given their own parlous financial state and also the ongoing silence from Alludium on anything commercial happening, and also the prospect of Directors doing a fund raise even at these critically low levels (I mean, the Directors can't surely be expected to work/gamble your money for nothing). All things I posted about over the last few weeks but was rubbished. Anyway, I will wait on the sidelines to see what happens. If it all kicks off and Alludium enjoy some success then I will be genuinely glad for anyone who stayed in. For now, all I can see is Klarian going down the pan - they really don't need to worry about the loan to CTAI if they go bust - and the Directors coming cap in hand to retail investors asking for more money.

And what happened to the promised webinar in the RNS? This kind of thing really should be looked into by the FCA but of course won't be because it's AIM and these are the tiniest crumbs on the LSE floor that the authorities don't really give a sh.t about.

*ignite …. Not ‘ignore’!

Yeah still here jungle vip. I’m scratching my head though as to how the Weardale story can have gone so quiet given all we know about what is expected for the scramble by all European nations to garner what ever natural minerals and resources they have at home. This govt talks the talk on all matters - I mostly like what I hear - but after a year and a half in office they’ve achieved so little and seem incapable of acting on their words. As the oft said saying goes: actions speak louder than words. The govt appears to prefer things to stay hush hush once they’ve told the world what they’re going to do. Nothing remotely critical in the way they’re acting on their Critical Minerals Policy. Lot of hot air. Is that a natural mineral I smell? Or just the usual political bs? It’s a real shame as I’m a keen supporter of trying to ignore the northern power house but successive Uk governments appear to be keen to keep any real power and influence away from and out of the hands of northerners. The recent debacle of banning Andy Burnham from standing for Parliament just proved Uk politicians are all still focused on staying in power rather than using the power they wield for the greater good.

I still think there could be some interest from Nissan in Weardale but the longer this silence goes on the greater the chance MAC will simply go bust before anything good happens.

Lithium Carbonate price slowly on the rise again. Still pretty much double what it was back in September. Surely there will be something from Weardale soon?!

'He will never be banned, he's too valuable to LSE sales along with many other trolls across all LSE BBs'

OMG are you for real?

Actually, I've decided today to leave CTAI alone. I don't think it has even another small pump left in it. Once Klarian goes t.ts up and Alludium has nothing to report of any note over the next 6 months the share price will have slumped a lot further and then the Directors will have the gall to try and do another raise - most likely from retail as i doubt any ii will touch it. Good luck for anyone with the sweet peas to stay in.

Revenues incoming.

Where? Has Alludium stated that? Er…no.

Is there a consensus that Tim has done his usual trick of over promising but delivered nothing? Or is a deal still on?

Sorry, * had become unreadable