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Should get news on the next load of black mass by month end.

What do we recon, more or less than last?

Considering we just got that big industrial contract I recon more, 150 tonne?

And why would they take shares as renumeration at par value when the SP is currently 0.0008p.....

Also, maybe burning 6 figures, but, 111 tonne of black mass at 3k a tonne 333k revenue, approximately 222 tonnes processed at 2k a tonne gate fee, 444k in gate fees. Plus li-box and sales of other scrap....

Rough figures, but you get the gist. Tick tock.

Yes, but they haven't issued anymore conversion notices since early early January, despite your insistance that they would. So if they can, why haven't they?

Why did they wave their right to an enforcement event for a year and a day when the mcap fell below 5m....

They really haven't danced to the tune you've been playing for some time now.

A. Yes they do have access to cash, crml now with plenty of liquidity, and now close to break even at Recyclus, ramping up every week, I very much look forward to the next load of black mass going to Glencore, I suspect it will surpass the last.

60m of the issue is to wipe out director loans, the other 400m are to settle "obligations", likely accrued interest payments. And as I've said repeatedly, why would any creditor, let alone Atlas, accept these at par value if they didn't expect a higher SP very shortly... You keep dodging that one.

As for repayment, I suspect we will sell tranches of crml to pay lump sums off the remaining debt until profitability and then get rid of the rest....

You keep saying things are going to happen and they don't BT, last days of Rome, FCA, administrators. And not a bit of it has come to fruition.

Sorry amendment break even this quarter and possibly profitable.

And I suspect the cln interest debt will be paid, not has been, at the conclusion of this share issue.

BG.... What do you think happens if the tm1 share price goes to 0?

Do you think Recyclus would be able to continue? Because I'm pretty sure the creditors such as Jonathan Swann and Atlas would be eyeing up the Recyclus assets to recoup their debts.

If the SP goes to zero nobody wins.

I can't see it happening now, Recyclus will be cash positive and possibly profitable this quarter.

It would seem Atlas cannot convert for the foreseeable and a repayment plan will be put in place. And I suspect the accrued interest has been paid.

I am bemused as to how the bod expect to issue 460m shares next week, when the resolution only allows 504m, and we've already issued 400m this year.

To my understanding that would require a special resolution to issue more shares, that would also have to get a vote from 75% of shareholders.

I can't believe they would do this without a plan, and risk the admission being rejected and the ensuing legal ramifications, when we are so close to the light at the end of the tunnel.

I am looking forward to seeing how this unfolds.

Wkw I would not subject myself to here posting daily, if I didn't have a vested interest. I'd almost be tempted to sell just so I don't have to read your moronic infantile ramblings....

Alas I am here for the long haul, and I look forward to finally reaching the light at the end of the tunnel, that should facilitate your permanent departure, I'll pop a bottle in celebration!

Hahaha pot, kettle, black.

You are the king of nonsense and gibberish WKW.

Refute what I've just said, rather than trying to sow doubt and dodge it.

I'm suggesting I think news on a resolution for the outstanding balance is likely on the way, and news of no further conversions.

Actually thinking about it, there almost definitely won't be, as you've rightly pointed out the maximum number of shares that can be issued in a year, has already been reached. So no new shares could be issued from conversion notices. So repayment it is.

I think there will be news to support their sale, as I've pointed out, shares issued at par to settle a specific sum, Atlas will want all of their money, not a fraction selling under par. And they wouldn't accept shares as payment unless they were going to recoup all of the debt.

Further to this, if we are indeed issuing these 460m shares total from the new allowance, that will also hinder Atlas's chances of converting any more from the 1.69m....

Giving us time to start paying that back....

Quite looking forward to next week.

The cln with Atlas was announced end of March, first conversion was 26th April, is it not just the fact that it's been a year and from next week the Co can begin issuing new shares again? The shares detailed in the special resolution would have been applicable to the tax year no? Which is now over.

Hm, I don't think it was done to "keep the lights on"

BT, I think with crml shares able to be sold and substantially increased revenue they have that covered.

I think this was to pay creditors, likely the accrued interest on the cln. I'll reiterate what I said earlier, and something you confirmed, shares issued at a premium, yes because it is Par value, but to the value of a specific figure, £406k.

This is the sum that will be expected to be recouped from selling said shares, or perhaps more if the SP is above Par. Unlikely without stimuli, admittedly.

Now the only way Mr. Market will allow enough of a tick up, to allow the seller to dispose of all 406m shares at Par value, or above, would be if some sort of news appeared to encourage a lot of buying.

No creditor worth their salt would have accepted this as payment, if they didn't think they could sell the shares at the value stated above, especially not Atlas. I think we can both agree, they are not at all lenient, and wouldn't agree to this without some pretty firm assurances.

If it turns out, they've agreed to remove the conversion element of the original finance deal, and the 1.69m is to be repaid as debt with interest, similar to the other cln holders agreement, mentioned in the interim results, I think Mr.Market will see his way to granting the necessary tick up required to recoup the interest debt.

I think this is phase one, remove interest debt. Phase two, a repayment plan for the 1.69m balance. I suspect we may have sold some crml today to begin facilitating that.

Dusty, Alex's wording around crml on the Sunday roast interview

"obviously we'd like to sit on crml for as long as possible but we will be required to sell some to cover internal costs."

I think it could be us raising some more capital for debt repayment, my gut instinct going on what we know.

It's probably the bod selling crml wkw...

It didn't end well!

But COPL didn't have any lifeline in the form of CRML shares and increasing revenue.

My current theory is, shares issued to pay accrued interest. A repayment plan involving sellingcrml shares, until this can be supported by revenue for the remaining 1.69m

Theyll have no problem selling the 406m if there are to be no further conversions. And that is what I believe we are now working toward.

Musing today's RNS.

Shares issued at a premium. Likely to pay accrued interest on the defaulted Atlas CLN.

Now why would they accept tm1 shares at a premium, when we have crml shares, even at their lowest value lately that we could have paid 406k with, even with a straight share transfer, seeing as they are happy to accept shares rather than straight cash as payment.

To illustrate my point, they'd take an 82k loss if by some miracle they were able to sell all 406m shares at 0.0008p, but that's doubtful and theyd probably cause a domino affect trying to offload that and end up driving the SP to 0.

So there must be some confidence that they will be able to sell at the issue price or above.

More to this than meets the eye me thinks.

Plus directors taking shares as renumeration.

Unfortunate.

Come on CRML!

Could be Atlas, could be the person who bought 42ks worth of shares a couple of weeks back after one of our RNS's.

If its Atlas it will be obvious, as it will become a sustained onslaught and we will see a conversion notice, usually after hours.

No new shares can be admitted to trading until May, but hypothetically I think they could forward sell as there is a reasonable expectation in the next few weeks for the shares to be admitted to trading. But this would still require a conversion notice.

Considering the bod are intending to negotiate a repayment plan, I'd hope it's not Atlas. And with CRML and revenue improving exponentially, it's looking more likely that as will be able to do so soon.