Member Info for SeagullsFan

Have you got telegram app installed (it’s an app like WhatsApp).?

If so, the copy the link in the Telegram thread and paste into Notes (for example).

Remove all of the spaces in the link (I can post actual link in full as LSE changes it to all *****).

Then, take that link with the spaces removed, and paste into a browser window. That should then take you to a page which allows you to join.

Alternatively:

Once you have telegram installed, there is a search bar. Type Technology into that search bar and you should get a list of groups. Then join from there.

If you still get no joy, post your email address and I’ll email you to help.

Jemgeee

Really not worth wasting your time on here loser. Most of the posters on here are also in our telegram group where we have decent discussion on all things TM1/RG1. There may well be short-term funding requirements whilst black-mass sales are being discussed and the lead-acid plant is in commissioning phase.

But, in reality, so what. The future for this business with gate-fees/black-mass and potential future black-mass refining is incredible. I’m projecting way over 50p now in the future, assuming the expansion happens and the volumes are there to process.

So, don’t waste your time - you’re just being laughed at.

Sorry for typos …

BGHanson

The RNS dated 19th Oct 2022 details the terms of the takeover. Yes, it will involve issuing more shares, 921m actually.

However, this is not dilution. They are acquiring the rest of recyclus (and after the deal completes the group name will be recyclus group).

Issuing new shares to fund operations is dilution. Issuing new shares to acquire an asset is not dilution. If anyone tells you it is, then they are (being blunt) a complete moron who should not be investing.

As for the loans which people bleat on about.

TM1 group needed short-term funds. The lender needed security, so Alex’s company took the loan facility out and made the shares the IT owned in TM1 the security. The funds will then be lent from Alex’s company to TM1 on compatible terms to the terms from the bank.

The rate is higher as it’s a loan facility (i.e. flexible and will only draw down what is required and can be paid back whenever within the 12 months period). It’s like having a credit card compared to a bank loan.

Again, this is not complicated for those who want to understand, but is easy to scare less sophisticated investors who don’t understand things

There appears to be a concerted attack on TM1 - maybe by sycophants of that a*swipe TW or Cleverly.

This company is going to have a great 2024/25 and the paid de-rampers like ajs won’t be around then.

No-one believes you, you fool.

You’ve been busted. Jog on MF.

And he thinks that 400k share trades are LARGE trades.

Wow, he’s moving with the big boys eh! Hey guys, £5k is BIG money lol

Cleverly has had nothing to do with TM1/Recyclus since 2021.

Jeez, this has is a complete tool.

Luckily most people are using telegram and are immune from the inane ramblings of tw_ts like ajs.

Ooh, I know something really bad, but I won’t ell you and I’ll make up stories about an RNS which are clearly wrong and think that people will be fooled :-D

Excellent post Flypanam.

Just think about it - if a group of people feel that a share is going to have a great future, would it not be in their interest to try to scare people into selling to reduce the price.

OR

There is suddenly this band of white knights riding to the rescue of investors in a share in which these white knights don’t hold any shares.

Jeez, I can’t imagine which one of those seems the most likely explanation.

Ksarar.

It would seem sensible to sell up then if you’re holding shares in a company that you don’t trust, especially if they are ‘free’ ones. Only an idiot would hold shares which he expects to go down/fail.

It’s already been explained to you the structure of the loan facility.

But, you clearly don’t have the mental capabilities to understand. Never mind precious, just know that you’re being laughed at.

@OldWasp

I think you’re being very conservative there with your projections.

They are currently getting gate fees (min) of £2600/tonne.

They plan to process 8000 tonnes p.a. That’s £20.6m revenue.

Then, they expect to sell the black mass (prices quoted are between £5k & £6/tonne). Let’s assume only £4K/tonne for now.

They will generate 5000 tonnes of black mass from 8000 tonnes of feedstock.

5000 * £4000 = £20m.

£20m + £26m = £46m revenue (Note : I’ve taken low figures on both).

Let’s assume £1m/month op costs on the lithium plant - £12m p.a.

Then, the lead acid plan could generate £10m profit once commissioning completes and then ramps up (so maybe £5m in 2nd half 2024).

That excludes any possible expansion in shifts at the lithium plant beyond 8000 tonnes.

Quite easy to work out a range of possible profit figures from the above.

Then take a P/E ratio of say 15 to get to a mcap,

Then divide that by 2500m shares (share capital after recyclus deal).

So, I’m targeting much more than 5p end of 2024 personally.

The reason for the company to act as an intermediary would appear to be to provide shares as a security for the loan.

TM1 can’t provide shares as they are owned by shareholders - not TM1.

So, Alex’s company has provided the shares in his company as security and has taken the loan facility.

This loan facility is then available to provide funds to recyclus IF THEY NEED THEM. And only for the amount they need. They may only need £100k as short term funding.

They have only just started operations fully at the Lithium plant, and they may be incurring large legal/consultancy fees for progress the recyclus deal. As they can’t sell the black mass yet, their revenue stream is limited to gate-fees.

This loan facility provide breathing space.

Again, it’s a LOAN FACILITY and not a LOAN.

But you’re too thick to understand the difference and like to post garbage.

No-one believes what you’re posting as they can see that you’re just trying to de-ramp.

AJs.

There is no share selling - the shares are the security offered for the loan facility,

However, it’s a loan facility and not a loan - and there is a clear distinction between the 2. The loan facility gives them the ability to call off money as and when required, and repay as and when they can. Hence the large interest rate - it’s like comparing a credit card rate to a bank loan rate - the rates are very different.

As they will be throwing off cash soon, this is a short-term funding requirement IMO.

Also, once the recyclus deal completes by Jan/24 latest (IMO), the whole group structure will be a non-issue.

“Loan amounts drawn from CCL by Recyclus under the Facility, which are repayable to CLG after 12 months and which bear interest at the Bank of England base rate plus 10%, are reimbursable to CCL by Recyclus under similar terms. The security on the loan is provided in the form of a charge over shares held by CCL in Technology Minerals. Therefore, 181,405,895 ordinary shares (representing 11.98% of the total issued share capital of the Company) have been transferred from CCL to CLG.“

The SP will fly here over next 2 years IMO.

Bounced this for those people not in the telegram group (it’s an App like WhatsApp you need to install).

Much more active.

Any questions about joining, post them here.

There is limited risk to TM1.

It’s operating the lithium plant at 75% capacity for 1 shift and germinating revenue of £1.3m / month.

The mining assets are irrelevant for the mcap.

Lead-acid plant will be at full production at least by H2/2024.

Markets are poor, but too many PI’s (IMO) don’t understand what they invest in, they just follow the herd.

This is a share which is currently very much under the radar - at some point that will change.

IMO, the SP is incredibly cheap.

What do we currently know?

First, production is approx 25 tonnes per day and min gate-fees being paid are £2600/tonne.

That’s £65k/ day or £1.3m/month of revenue.

No revenue YET from black mass sales, but permits are in progress. I’m hoping for news on that by year-end, maybe sooner.

Black mass from 25 tonnes/day is approx 15 tonnes.

Let’s go for a lower than quoted price for black mass of £4,000/tonne.

That would be £60k/day or £1.2m/month additional revenue.

Let’s assume operating costs of 70% on the black mass (based on the IPO expected price of £3500/tonne, that’s £1m/month).

So, £2.5m revenue and £1.5m profit per month or £18m/year.

Note : this is on 6000 tonnes per year, not on the 8300 they can do on 1 shift. Also, they have stated they want to got to 16,000 tonnes than 22,000 tonnes. Marginal profits will be higher as fixed costs have already been recovered.

Also, this doesn’t include profits from lead-acid plant - let’s assume that’s £10m p.a. after full commissioning by H2/2024.

Need to factor in that currently TM1 only own 48.35% of recyclus, but that’s being sorted soon. Mcap based on the new shares post recyclus would be circa £32m, and on only 75% throughput of the lithium plant we’re looking at possibly £18m profit.

Anyone selling now either has no clue what TM1 is about to achieve next year, or maybe they are in an unfortunate position of needing cash.

Of course, these figures are rough order of magnitude, but are a reasonable case IMO.

Just my own thoughts of course.

SGF

Good update. No impact to the cash position on TM1 and totally separate from the recycling side, but if one or more of these mining projects get into production in the future, it’ll be straight profit to the bottom line and no outlay. The only time TM1 will need to possibly spend money is if they decide to retain a higher percentage of the project when it gets to funding the mine.

The recycling will drive this in the short-terms, but these mining projects have the ability to add decent value to the company in the medium/long term. What’s not to like? :-D.

It’s Telegram messenger

News flow is going to be good over next few months. Ignore the SP as it’s drifting on not that high a volume.

For those who aren’t in the Telegram group, there’s links which have been posted recently to join.

Much more active than LSE.

If you’re not sure what Telegram is, it’s an app like WhatsApp - just download and create an account.

Any questions, put on here and I’ll try to help/

The reality is they aren’t large sales. The mcap is circa £25m and the large sale was £5k.

What this needs is clarity on the operations plan for the lithium plant now commissioning is complete. The lack of PR since the RNS last week seems odd. Normally, a company would be doing interviews to get th word out, so that makes me think there’s a lot being worked on currently which will result in a media push once other things are announced.

Just my take on things and could well be wrong.