Member Info for SeagullsFan

Patience will be rewarded here. Things are in the hands of the EA and there is nothing TM1 can do.
@dickie3times

I’ve been invested since pre-IPO, so if you’ve oinly been invested a few weeks/months then you’re a late arrival!!!
Serious returns will be made by investors not traders.

There’s nothing they can say.
They are still waiting for the permits from the EA.
They replied to the schedule 5.

They’ve done the interviews and explained where things are.

Really, what can they tell you?
“Update number 87 - we are still waiting for the EA to issue permits”

I know it’s frustrating and it also allows FUD to be thrown about, but I’m not concerned about an extra week or two. If it takes until mid April for EA decision, there is nothing TM1 can do about it.

Hey robbletwo.

Time for you to FO isn’t it you l0ser.

You heard from your anus that you are a skid mark is more accurate.

Considering the news today, it’s encouraging that we are trading higher than at start of day yesterday.
Appreciate the interpretation by aandi and C909.

@AndyOz

Fully agree. The process which TM1 have patented gives them the ability to throw all lithium type batteries together and get the black mass out the back end. No manual intervention.
Also, they are working on developing their own processes to split the black mass into the constituent parts too, which will increase their margins.

Will other companies create their own technologies to challenge recyclus eventually-sure. But first mover advantage should not be downplayed. If they can capture a significant portion of the market and get a proven reputation, they should find customer retention easier as there usually needs to be a material cost saving involved to make customers change an established relationship.

Next few months will be exciting here.

Just my opinion.

I really don’t get the point of the question.
Sounds like you’re just trying to cause FUD.

There are many ways to value subsidiaries for holding/parent companies.
Trying to conflate the valuation used for a buyout/takeover and a financial reporting requirement is pointless. Once the licenses are granted and revenues start, then the takeover price will be irrelevant as you’re no longer comparing.

And no, it’s not worth “keeping your eye on it as it’s pointless”.

If you want to, knock yourself out doing it. I have no concerns.

Not IMO.
The valuation is done to get to an agreed takeover price.
That is different to the MCAP of a company. The MCAP for a company will be driven by market sentiment, etc.
This is why many people feel that TM1 is undervalued as the ’value’ of its portion of recyclus plus the additional value in the mining assets and the Halo boxes is not reflected in the SP.

The purpose of the independent valuation is to get a fair price (i.e.quantity of new TM1 shares) which need to be issued and transferred to the current shareholders of the 51% of recyclus to buy them out.

TM1 currently owns 49% of recyclus.
There was an RNS last year detailing the proposed acquisition of the remaining 51% by TM1.
This was meant (hoped) to complete Q3 last year, however FCA changed requirements and this impacted timescale. This is still on-going and will happen-hopefully reasonably soon (weeks I hope).
The INDEPENDENT (important word there) valuation of recyclus valued it at equivalent of 4.1p/TM1 share (as this is an equity purchase i.e. new shares will be issued in TM1 to fund the acquisition).

This will be good news once it completes as it removes the ambiguity around “ownership” of recyclus (which some institutions have questioned and wanted rectified before investing).
There is no dilution for current holders as the whole of recyclus is then a subsidiary of TM1.

All future profits from recyclus will then be available to TM1 going forward too,rather than potentially being available to be paid as dividends to the directors. Not saying they would have done, but now it will be group profit.

Once this completes and all permits are granted, there will be institutional money to come in here and will help drive this forward. All uncertainties will have been removed by then.

That’s my take as to where we currently sit.

Hi Chesh.

Yeah, it’s not a major concern but it’s quite common knowledge that there aren’t enough discovered metals to support the Net-Zero agenda, and this will eventually need to be admitted publicly by politicians or the whole thing will be another disaster as per the stopping of exploration in the North Sea (and other places around the world) and the impact to O&G supplies.

The NZ transition targets are clearly make believe (or anyone who actually believes them is deluded),but that doen’t stop virtue signalling politicians claiming it’s viable.

As for TM1, I am quite relaxed about my substantial investment (excess 10m shares). Been in since pre-IPO.

NewInvestment

Investing should never be viewed in terms of months as that’s more like gambling.
If you like a company, its model and future plans then that is the reason to invest.

Yes, it’s been a crappy 12 months with the SP drift, but IMO, this is purely down to the EA delays.
These appear to be close to being sorted and (again, IMO) by end of March sentiment will be very different.

The real substantial gains will be made over 3-5 years as the expand the number of plants and then prove up the mining assets.

My only concern relates to reports that EV take-up is losing momentum due to high costs and inconvenience in comparison to ICE vehicles.

Hey NewInvestments

You’ve only posted negative stuff about TM1.

Probably best to cut your losses and sell. It’ll give you closure and we’ll no longer need to just see your negative posts.

The reasons for the SP drift have been discussed numerous times and are well understood.
This will change shortly IMO, but you clearly don’t understand or agree.

Your 1st post on TM1 is to advise us of your extensive and detailed research and warn us it’s doomed. What a star! (Merchant banker more like).

Well, you’ve learnt absolutely nothing about the company from your “research”.
The company structure in regards recyclus is being sorted and ir will be 100% owned by TM1.
The plants are close to getting full permts.
Agreements are waiting to be signed once permits are in place.
This will then throw off cash,
The loan facility allows chunks of £500k to be called down to fund short-term expansion/progress. IMO, the whole £4m won’t be required.
Additional plants will be progressed much faster than first ones due to EA permit process being proven now.

All you’re trying to pathetically do is de-ramp this.

The company is seriously undervalued even at 2 to 3p.

When they announced the terms of the recyclus takeover (buying out the 51% which TM1 don’t own), they had an independent valuation done and the fair price was 4.1p approx.

That did not take into account any news from the plants coming on line, purely the valuation of the plant/technology.

The lead-acid plant is processing by hand as they are waiting for the variation license.
This will change dramatically the scale of production.

After the year long slow drift in the SP due to the constant delays from the Environmental Agency, it’s clear that sentiment has now changed with the last RNS confirming final stages and being close to the lithium plant license.
I’m also hopeful of similar timescales for the lead-acid plant based on recent podcasts from TM1.

SP has clearly bounced and will not be touching old lows again IMO. Whether we get quick bounce from here now or after the final licenses are granted is hard to call, but this price is dirt cheap.

Next 2-3 months will see serious gains from here IMO.

@DLB1985

Hmm, that’s an interesting question and actually answered loosely by ShareInvestment with his post about the VOX interview.

I was originally expecting 8-10p end of last year. That was based on plants getting on-line say in H1/2022.
That clearly didn’t happen and that has impacted sentiment and also required some new funds which will lead to slight dilution.
On the plus side, the Halo boxes were not in the original prospectus and that has the potential for decent revenues(let’s wait and see).
My best guesstimate/hope is end of:
2023 8-10p
2024 15p
2025 25p
2026 40p
2027 50p
(Bear in mind there are many factors which will impact SP so these are’wild’ guesses, but I am confident in the trajectory).
Most projections are done on the recylus revenues and don’t factor in the mines not Halo, so there is potential upside.

@Hardcore

100% agree. 2p is still seriously undervalued. The current SP is purely down to sentiment/lack of news. The business case has not changed and once the lithium plant is in production, they will be generating nice levels of free cash flow.
This will fund the expansion plans, and as the permits will have already been granted for the 1st plants, subsequent plants will come on-line faster.

Next year this will be flying IMO. The delays have mainly/purely been down to EA.

Excellent news.
Long term holder (pre-IPO) and have added several million more recently.
Knew it would eventually happen and once the actual permit is granted more will pile in.
This will throw off cash/profit quickly and fund rapid expansion.

Been amusing reading the bed wetters posts recently questioning the company.
Just proves you can’t believe the boards as so many post “guesses” as if they are facts.

Well done to everyone who has kept faith. We’ll be well rewarded over next few months.

Also topped up today SI. (3 * 600k + 510557.)

Next few months are looking good here IMO. Hoping for positive news by end of Q1 on licenses, then this will really move up. Model hasn't changed and this will throw off cash once in full production.

IMO, the Halo boxes will follow the EA permit as they’ll need them to transport batteries for recycling.
I think customers will want the plant running first before ordering them. I doubt production lead-times are that long.