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Finally we will start trading again tomorrow. Some of us have been here since the ADV days and like me have a large position and holding longer term. Posters like 'Professional' clearly hope to get in cheaper and he has stated that, which not many out there would do. We have different views and that makes a market. My view is that the market participants know that due to the difficult market conditions the raise has been executed well below the pre-suspension price of 0.1799 and therefore almost everybody selling here would be making a loss, conversely anyone buying around 0.11 would buy at rock bottom level. Personally think this was a very good deal for a small market cap like BCE. They have brought a new big supportive shareholder and directors have also added to their positions and they will not sell any time soon. They also added some well known smart and motivated new board members. I expect plenty of news and if we drill as soon as June/July there will be a lot of excitement short term. If they get any decent well result they will bring it on stream very quickly as all the infrastructure must be already in place and we will be finally off to the races. As I result I think we will move upwards from tomorrow with only a few selling into any upwards movement, but overall much more buying, interest and excitement growing pre-drill, as always. Enough from me, time to go back to waiting patiently. DYOR

Built up a position yesterday and today, time will tell but we have a massive discovery and the price seems to have found a floor and looks as if it's starting to bounce back. DYOR

What I mean is that this RTO to buy 100% of Acurity Risk Management Limited (and change name and use ticker ACRM) is a massive transaction for DRUM. They have clearly seen that Acurity's existing and projected revenue stream in a booming sector represents a compelling deal for a company with such small market cap. https://www.investegate.co.uk/drumz-plc--drum-/prn/circ-re-acquisition-and-readmission-to-aim/20230405070000PD220/

Time will tell, but personally think this is a company making RNS.

Just seen Zeus/Arden have updated their research note, see below an extract from their 'Conclusion' section (clearly their full research disclaimers applies):
'Conclusion: Petro Matad operates in Mongolia where it is developing its 33mmbbl Heron
discovery. This is planned to be brought onstream in 2023, with subsequent drilling then
driving ongoing production ramp up. Development is expedited by the plan to use existing
nearby production facilities, and post the initial programme Petro Matad should be able to
use the cash flows to fund ongoing drilling, delivering regular drilling results and steady
growth in production and cash flow. There is upside on Heron from application of modern
completion techniques, which could increase recovery potentially as high as 60mmbbl.
Alongside Heron, there is very significant potential upside from upcoming drilling of the
Velociraptor-1 exploration well, which is targeting c.200mmbbl. This is expected to spud in
June 2023, and represents a profound drilling catalyst for the stock, in our view. The
company is well-funded from its US$6.6m end June 2022 cash holding and recent US$6.6m
placing. With news flow upcoming on both Heron and Velociraptor-1, alongside the discount
to our 17p total risked NAV, we have a positive outlook for the shares'

Personally think the RNS reads well on all fronts. Rig secured for June spud, making progress on Heron at central government (they clearly ascertained out that the local government will obey to instructions from the central government and not loose face with local voters and population), likely addition of other assets. All of this will bring this year news flow on various fronts.

MoLe, firms usually have one or two brokers when they get bigger. From time to time they remove/add brokers for a multitude of reasons only known by them. Maybe they have in mind a different second new broker who they think might be better at making a market in the company's shares, have a greater pool of clients to invest in the company etc.

Next week will be fun. See extract below, in essence Macquarie, who started converting and selling since January, have converted all their part of the convertible bond (ie £810,000 out of the £1,060, 000 drawn down by the company) and more importantly have now sold ALL the converted shares (ie hold no converted shares anymore). The small remaining £250,000 belongs to Atlas who clearly haven't the same intention as Macquarie to sell, but in any case their portion is only £250,000.

Extract: "Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that it received a Conversion Notice on 31 March 2023 from Macquarie Bank Limited ("MBL") for £60,000 of Convertible Bonds from the £4.0 million convertible bond facility (the "Facility") announced on 9 December 2022. The Company has drawn a total of £1,060,000 under the Facility, of which £810,000 has been converted into new ordinary shares.
MBL has now converted all the Convertible Bonds it has purchased to date under the program, and hold no shares converted from the Facility. The remaining £250,000 of unconverted bonds are held by Atlas Capital Markets LLC.
Technology Minerals will issue 7,348,078 ordinary shares of £0.001 per share ("Ordinary Shares") at a conversion price of 0.816540p per Ordinary Share."

Just bought some after watching the shares for a long time, maybe completely wrong but personally see this RNS as very exciting. Let's sit back and wait DYOR

Almost out, can't wait for confirmation on that, as it will mean the selling pressure will immediately stop and after 3 months of selling we finally move upwards with no selling pressure any more, which was clearly massive in a stock which is not particularly liquid and plagued by the license delays. Finally we can see the light at the end of the tunnel. DYOR

Been watching this for a while and bought some yesterday, looks to me as if the correction is over from a technical perspective and the field being back in production will drive the share price upwards. DYOR

Bluesky, my view and it could be completely wrong is that when they did the deal a) it was not easy to raise and b) Macquarie probably agreed that they would have held the shares and only have sold them at a later date once the license arrived and the share price much higher. The license was delayed and they worked out that they got the notes already below 100 if I remember correctly plus they make a gain by converting and selling as they convert at a discount, so they probably decided to change their mind and make probably a 25-30% return in the process in a short timeframe not looking at TM1 as a potential long term customer for other financial services. TM1 needed to convert some of these loans as they needed the money due to the delay in cash flow and revenue generation. Now a HNWI individual, I suspect we will probably soon know who he is as he will need to do a TR1, has worked out that the Lithium recycling plant is almost there from a license perspective and he can buy a large £800,000 tranche at 1p when the shares had touched 5p early days, plus he makes a nice return on the new loan interest. He might even be the one buying the shares up in the market which Macquarie is selling immediately. Everyone is a winner, Macquarie are probably out soon and made 30% (which is crazy as they could in my mind make much more if they kept the shares, TM1 has found an aligned HNWI shareholder locked in for a year on the £800,000 at 1p and with conversion on the new loan only at 3.5p, the new investor has got a bargain and we finally have seen the end of a death spiral loan and share re rate. Plus now we can close the Recyclus deal, they got a £1.9mio grant etc etc Enough from me. DYOR

In my opinion after the grant news this should have moved massively and will move even more so when hopefully in the next weeks we get the Lithium recycling licence and related contract and cash flow. Plus they should have now the funds to close the Recyclus deal to purchase 100% of it. What has been holding us back was clearly the Macquarie Bank ongoing conversion process and sale of converted shares. The new raise done with £800,000 locked in for a year and simple loan facility means that TM1 will not need to convert any more of the Macquarie notes, in effect death spiral loan, and what is left of the original £1,060,000 converted by Macquarie has probably mostly been sold by now or we must be getting very close to it, judging by the volume seen over the last couple of days and today. As soon as that has taken place the brakes are in my mind off and the 1p in my opinion will be a distant memory. DYOR

That's an impressive grant for TM1

Placing at almost no discount and warrants 100% above raise price and only 1 for 2 shares are an incredible sign of strength in this market. DYOR

Time will tell, but I assume they needed the funds to close that transaction and probably didn't want to draw more money under the Macquarie facility. Enough from me, back to waiting mode and picking up a few below 1p as done yesterday. DYOR

Hopefully we are only a couple of weeks away from the Lithium licence which is far more important than the lead acid one as it brings in far greater revenues, we are actually getting paid to take those batteries if I remember correctly and no doubt we will be using our bespoke boxes and sell them in the process. A bit note waiting. Dyor

Great news from the interim results RNS key is the 1 year lock in from the raise announced yesterday: · On 23 March 2023, the Company raised £0.8 million from the placement of 80 million ordinary shares at 1p per share, which are subject to a 12-month lock in preventing the sale of the ordinary shares from the date of the agreement, and a further £1.7 million from a two-year convertible loan note convertible into ordinary shares at 3.5p per share

The following is just hypothetical and could be completely wrong on many fronts. I have made a quick note of of the Macquarine conversions this year. In January we had around 8mio shs @ 1.27-1.28p and let's assume that who holds those sells only at 1.40p to target a 10% gain, so no selling pressure from these unless sold at a loss. On March 8/16/22 around 9,800,000 shs were issued at an average of 0.91p, looks as it a similar amount could have been sold this morning at an average of .094p. On March 2/3 8mio shs were issued at 0.99p, let's assume those are the next small churn. I might be completely wrong but you can see that only a small amount of shares has been converted and is probably still in place below this level, so it's a floor and we might slowly move up a bit more before a significant rerate when the first license lands and no doubt contracts. Don't rely on the above as just speculations as it could be that who has converted waits for much higher levels and other historic holders are fed up and sell. Enough from me, back to being patient and waiting DYOR