Member Info for SeagullsFan

The application was made by Recyclus not Technology Minerals, hence the reply from the EA.

@strichen_loon

Ref your email and them not knowing about TM1.
They wouldn’t do and it’s obvious why.

Just think about it and the GROUP structure.

Bounced this for new investors.

TM1 is hugely undervalued IMO.

UK.investing showing current sp of 0.12p-down about 30%.

@BlueSky

Nothing confidential about what I posted. I stated that the deal will be after the permits.

We know they are doing the deal - there's an RNS.
We know there's permits coming through and are close - stated in podcasts and proactive interview.

Nothing posted is confidential - but it sure ain't wild speculation unlike your "I just can not help myself, but there is something not right about it". Jeez - stop the bed-wetting pal. Things take time and delays nearly always occur.

@BlueSky

Without wanting to go into details, the recyclus deal will complete after production starts.
I have that on good authority.
You are just speculating.

And, I never gave financial advice -purely logical. If you don’t trust a company you’d be a moron to have money invested with them IMO.

@BogdanT.

From that link:

“ The scale-up processing line recycling in the metric tons volume, will allow us to attain data to make informed decisions on materials handling, scalability and product quality at our planned UK mega-scale recycling plant in Teesside capable of recycling battery waste from 150,000 EVs per annum.”

So this permit will allow them to process tonnes to determine what the best process is for their “planned Teeside” project.

Tipton will be processing thousands of tonnes per year.

I suggest you read it again and stop posting FUD.

Their permit was for the ’development/testing’ of their process and not an actual production facility which is what Tipton is.

They need to build that plant first, then go through the EA process :)

This has been explained to you before.
It will get completed once they are in production as they preserved cash.
It’s really not complicated, unless you choose to ignore reality.

Keeping on about it and stamping your feet won’t change the reality.
If you’re unhappy with the company or don’t trust them, you can sell up

The change in SP has no impact on the deal. The number of shares to be issued has been agreed (see the RNS) and won’t be altered.

The delay is purely due to lack of funds (or wanting to preserve the funds for the operations until recycling starts). The deal will complete after the permit/recycling starts IMO.

There won’t be other plants in the same facility.
There will be other plants located around the UK to limit transportation of batteries.

In terms of production, yes, 24hour production is better for them but it may be determined by the allowed throughput of the initial permit.
They can always apply for a variation if that’s the case though.

Mcap will rise fast on news of permit and recyclus takeover completion.

Not a problem, but it was only posted yesterday. :)

In regards the gate fee, what will determine this will be how quick competition gets established and the stock pile gets shrunk.
But I’d expect a few years of very high profits which will fund the expansion.

By then the SP will be much, much higher.

I’ve explained all of this in my post covering valuation based on figures from latest Roast podcast.

I posted these figure on the Telegram group. This is all available from the Roast podcast.

Lithium plant (annual - based on one 8 hour shift/ 5 days/week) 8300 tonnes pa.
Feedstock price will vary between £1500 & £4500 / tonne.
Based on the 8300 input feedstock, the output black mass will be 5000 tonnes.
This will now sell for between £5000 and £6000 /tonne.

Annual figures are:
Gate feed (8300 * £2500) = £21m (approx)
Black mass (5000 * 5000) = £25m.

This £46m is probably conservative and does not include revenue from:
Mines
Halo boxes
Lead acid plant (which will generate about 30% margin but no figures were given in terms of sales values)
Potential mobile units based (using the new grants).

Also, still in discussions with:
Car plants etc to house their machinery at battery manufacturing sites to recycle scrap batteries.
Roll out of plants in USA/EU/Asia - in discussion with partners although that can mean anything.

Current market cap £19m.

So what's it worth? Best way to determine is profit.

The prospectus states that the Gate Fee will not always be applicable (short/medium term opportunity due to demand for a solution). Once competition starts this will drop/disappear but several years away I feel.
The expected black mass off-take figure used previously was £3500/tonne and not the current £5000-£6000 /tonne).

So, the expected gate fee is pure profit £21m approx.
The additional black-mass margin (£1500/tonne) must also be viewed as pure profit.

That's £28m from the expected £46m. And, they would expect to be profitable at £3500/tonne and no gate fee, so the profit on the £46m turnover must be higher than the £28m I've calculated.

Lets say conservatively, the profit is £30m, that would value the company at £300m based on a P/E ratio of 10 which is low for a growth company. And that excludes ALL other opportunities.

However, the number of shares will be much higher as the Recyclus deal involves the issuing of another 921m shares making it 2,393m in total (that's approx 2/3 increase in share capital, or another way to look at is the new share capital will be 60% current TM1 and 40% for the additional Recyclus acquisition) - hope that makes sense.

So, based on that, the £300m is worth to 'current TM1 shareholders' £200m.

However you look at this, TM1 is seriously undervalued.

Anyone selling now IMO has absolutely no understanding of business. Zilch.

The selling was driven by Macquarie and has now completed. The permit will be issued shortly and then we'll fly.

Yes, the Roast guys are paid PR t promote the company.
However, what Robin and Alex say will need to be factual even if it’s subject to spin.
The growth potential here is huge IMO. The permits will be the catalyst for the re-rate.

@BlueSky

IMO, you need to ignore the current SP. This has been decimated due to the on-going delays in getting permits from the EA. That process is close to being completed IMO and I’m hoping/expecting news by end of April, followed by a stream of positive news on agreements etc.

The current SP is clearly too low based on the independent valuation of recyclus at £70m. The current value to TM1 will be circa £35m. This is pre production valuation.

Then, there’s the mines and the Utah mine is worth £8.1m based on the sale of 10% for 900k.

Then there’s the Halo boxes.

My expectation is now we have the funding sorted (i.e. Macquarie are out and replaced by the private investment) the selling pressure has been removed and we’ll drift higher.
Once news flow starts and revenues come in from say H2/2023, then I would expect us to be exceeding last years SP of 5.2p.

Making exact predictions is hard as the markets are still cautious, but having a revenue stream and generating profits will be the catalyst.

Then they’ll be looking at plants 3&4 later this year/early 2024.

It tells you in the RNS.
:)

I wasn't expecting a re-rate based on the grant (I hoped we'd see some buying but markets are quite risk adverse still IMO).

It's another very good sign that the future is very bright and growth prospects for the next few years are very good.

I feel that the majority of people who are watching/invested are currently waiting for the EA permit and that will be the catalyst for the re-rate. Bearing in mind what was said about just now going ahead with the fire system after getting the input from the EA, I am not expecting final permit until latter part of April. I assume that the permit will only be issued once the system is installed and not based on plans to install it.

Once the permit happens, the other news flow will start as agreements can then be signed once the recycling can be undertaken.

It's been a tough year and of course, there's been some dilution as TM1 has needed to have funds to keep the lights on. H2 2023 will be a very good period I feel.

As the SP has drifted lower, it would appear those trades are sells.
Until we get EA permit announcement, there’s nothing to drive sentiment up.

However, IMO, the permits will be the trigger for a lot of good news flow in terms of agreements, Halo boxes etc.
Heard rumour that the EA visited the lithium site -I assume to check everything before issuing permit. I am expecting/hoping this will be 2-3 weeks time.

@MooPoo

Ignore NewInvestments.

Just a deramping fool. Full of sh_t.