Member Info for SeagullsFan

I I topped up yesterday (1.184m which showed as a sell).
Easy money will be made from here.
Permits will land Q1 I expect and once orders get announced/production starts and they generate revenue from both plants, it will get to a much higher SP IMO.
Still got the potential for decent revenues from Halo baxes, so many routes to decent revenue/profit./expansion.

Next 12/18/24 months will be exciting time.
DYOR

I think it reads well too.
I don’t expect to get back the money I put into ADV but any gains from here are positive.

Hi DBD.

I'm mainly on Telegram mate lol

Still holding (sigh) - it's been a painful wait.

Very optimistic we'll see some good price action here through Q1. Yes, we have the additional share capital and the market conditions are clearly more risk-off.

However, the price of Helium if circa 3 times higher than the last valuations provided by Hannan, so the de-risked value of Tai (subject to reservoir size and concentration) will be materially higher.

I'm hopeful we'll still get to high 20's again during the drill itself. Need to get that island sorted for you :)

buzzcoin.

There are currently 1528m shares in BCE.
On the RTO, the sellers will receive NEW shares such that they hold 33.2% (this is calculated before the raise).
Therefore, the current share capital equates to 66.8% of the share capital post the RTO (100 - 33.2 = 66.8).

(1528m / 66.8) * 100 = 2287m (approx) new shares.

If you value those at 1p, the mcap will be £22.87m. Mcap us currently just under £3m.

Why would the existing share holders give it to us so cheap? It doesn't make sense - yes, they get the earn-out for the future, but I still think your expectations are vastly inflated.

Don't get me wrong, I'd love it to happen, but I think you're going to be very disappointed.

Yes, they have 3.85mmbbl of 2P reserves, but what are the flow rates? That will determine cash-flow and will be a major

I think some of the expectations here on expected gains when relisting are totally unrealistic.

IMO, the real gains will happen with the development of the resources and further proving up. Lower your expectations would be my opinion.

Yes, it sounds a decent acquisition for the company, but how this benefits existing shareholders waits to be seen.
Compared to going under it’s great news, but how much value will we achieve from our prior investment is stiil to be clarified.
My initial thoughts (guess) is that I will need to buy more and average down quite a bit to achieve a return. I will have more confidence in doing that as they will have revenue and also exploration opportunities for future growth.

This is a good update and we should ignore the ’loss’ attributable to ADV/B10 well, as when that failed, that’s when we lost the bulk of our prior investment.

I also feel it's a great deal.
The tranches will be called off as and when needed, with the ability to repay (if able) within 60 days?
You'd expect each tranche to be value accretive, so any future call-offs which may get triggered you'd expect to occur at a higher SP, so the level of dilution will diminish.
Calling off £500k now at a SP of 1.5p compared to a future call-off at say 3.5p reduces the number of shares issued if the loan isn't repaid.
Once the permits come through for the variation and the lithium plants, plus the completion of the recyclus deal, I'm hoping/expecting the SP to be quite a bit higher than now.

https://audioboom.com/posts/8211027-midweek-takeaway-featuring-alex-stanbury-ceo-of-technology-minerals-lse-tm1

https://audioboom.com/posts/8198399-midweek-takeaway-featuring-alex-stanbury-ceo-of-technology-minerals-lse-tm1

I don’t think they’d be bothering with doing this unless they thought it likely the RTO will get closed.

Hi TapWater.

In regards to the Recyclus deal, I asked the people who ran the IPO for TM1 (I invested pre-IPO). I questioned the 4.32p price and said why not at the current share price.

Recyclus had independent valuations as to what the business is worth, and it was valued at 4.32p/share, hence the deal at that price. If you extrapolate that out, then it would mean that the valuation of the mining assets is circa £15m (based on the 4.32p). That doesn't seem unreasonable bearing in mind 10% of the Idaho mine was sold for £900k, valuing the balance at £8.1m.

The deal was structured on that basis and not based on the current undervalued share price.

Now, I realise that some may disagree, but I think that's reasonable. The current SP is determined by many things and doesn't reflect the true value of the company.

When it comes to raising money via a fund-raise, that can only be carried out based on the SP. It's usual to give a discount. The 'encouraging' thing to me is that it's meant to be institutional money so hopefully won't be flipped, and the SP has bounced from the initial drop to be 1.35-1.4. Also, most trades appear to be buys at 1.4, so I hope we've reached the lowest point and, once news comes through, we get a bounce in the SP to more realistic values.

This is very cheap IMO.

I agree Marco.
As I have stated I am not impressed with the execution of the plan this year.
I wouldn’t class myself as happy clappy, but nor would I want to be accused of having hissy tantrums and making guesses, and portraying them as facts.

Discussion is fine, but it needs to be facts.

Too many post things based on what they feel or think (i.e. guesses).
For example, the black mass point is 100% wrong, so I pointed that out. If people don’t actually understand the basics of what the company are doing, then why should I believe anything else they post based on their enlightened guesses.

Am I impressed with their execution of the business plan? No.
However, do I (or anyone else on here) know for sure if the delays are caused by the directors or purely down to the EA delays? That’s just opinion-guesses.

I do believe that the automation process will work. However, I don’t know 100% it will and others don’t know it won’t. They have proven the concept so it’s just the upscaling now.

The Halo boxes will be another great addition IMO and 2023 has the potential to be a very good growth year. Institutional money will start to come in once the recyclus deal is completed too IMO.
If you’re unhappy, then sell and move on. Why hold but constantly **** the company off?

@Blaim.

They can’t prove that yet as the permit does not allow that part of the process.
They will need a variation on the permit which is well known.

Too many have an agenda here of FUD.

BTW, I’m not saying everything has been ideal here in the comms, but misinformation needs calling out.

You’re mixing up the 2 technologies.

The ’Black Mass’ is from the Lithium batteries, not from the lead-acid. As you don’t understand what’s going on with the company, I’ll treat anything else you post as having the same level of accuracy, i.e. none.

The delays with the permits are extremely irritating, but the EA will approve when it wants to.
There’s only so much the company can do to get them through.
Once that permit comes through I envisage much improved newsflow.

The money lent from TM1 was used to build the plants.
However due to the delays from the environmental agency in granting permits it has delayed production.

They will still be having ongoing costs so they will have spent more money than expected before production, as they will have assumed production earlier in the year.

It’s an annoying raise but it is a relatively small dilation. Just need them to get other things moving now.

Sounds positive if they are still talking. Just hope they aren’t too far apart on agreement.

Hear by 28th November now…

It feels to me as though the recyclus deal was the 'hold-up' to other things being announced.

Be great to get some news on the EA lithium license, then start the recycling at both plants. Revenues will drive the SP forward.

My sentiment has changed now as it looks like some progress is being made after nearly a year of delays (which I don't feel will all be down to external agencies/people/issues).

Hopefully with Oberon as the broker, we may see some institutional money coming in as well.

Currently 0.315p (16% up).
Maybe news coming through next week? Is anything expected?

@aandi
There does seem to be some steady buying going through.
Hopefully this is the low point and we experience a steady rise and positive news flow for rest of the year. Markets are generally crap, so I’m not expecting anything substantial recovery until things stabilise.