Member Info for Surin

Https://www2.yicaiglobal.com/news/chinas-ganfeng-grants-malian-govt-35-equity-in-lithium-mine-as-it-gears-up-to-come-online

I thought the above relevant, if a bit old, in my search on mali government and china...all good on that front.

Https://allafrica.com/stories/201610030047.html

Https://www.theguardian.com/politics/article/2024/jun/16/hmrc-has-failed-to-fine-a-single-enabler-of-offshore-tax-in-five-years

How honest British companies are...(Sarcasim)

The tax regime which applies to exploration for, and production of, oil and gas in the UK and on the UK Continental Shelf (UKCS) currently comprises the following four elements:

Ring Fence Corporation Tax (30%)

Supplementary Charge (10%)

Energy Profits Levy (38%)

What tax is levied on oild and gas companies in uk north sea...just for comparative purposes

Seems a sad sad story...well at least some are making a pretty penny.

Is Mali government party to off-take negotiations, , or is ratification required by it? Anybody know?

Would be really good if it was £1.5m that would make TM1 worth...about 10 times current market cap...what about £50m....something wrong in the calculation

How much money is that? on my rough calculation thats about £150,000...could someone check my calcs?

How do people work out 'worth' when we dont have figures and mining licences are at early stage of exploration. Having said that the Ireland licence came good, and tm1 have a free carry in another. The geologist must be pretty good

Lets hope the Mali Gov finds a way to withdraw barricks licence and pass it onto kod and hainan.

Thx re tm1 holding value of critical metals...

Whoknowswhy...thanks for the clarification re critical metals. Also on the critical importance of loan repayments from recyclus. Do you know why owns the remaining 52% or. So of recyclus?

The total loan to Recyclus was £8.8 million at year end including accrued interest and management charges.

From annual accounts.

Seems, as suggested, atlas might have converted remaining £1.75m, although company still needs to raise cash, and confirm such action via rns.

Correct me if i am wrong, but tm1 is potentially a multi bagger

They have money/shares worth $10m coming in 28 feb 2025, have given substantial loans to recyclus, which if repaid would put tm1 in strong cash position. Asset base looks good, although presently they have restricted cash. Thats my understanding. Just need to get through the next few months...look good in medium term

Following completion of this conversion, the total funds drawn under the £5.5 million facility with ACM will remain £2.5 million as previously announced, of which £0.75 million will have been converted into Ordinary shares. The principal balance outstanding is therefore £1.75 million.

October 24 rns

Thx for that. Am trying to build up a picture...newbie

$6.69 nasdaq...seems quite a lot of money coming in...anybody have an indication of tm1 current cash position and short term commitments?

Not long to wait. Be happy there were no glitches...always good to get things right first time...