Member Info for THE_CHAIN

I am just trying to piece this together like you are BT, chill out, thanks for pointing out the Plc listing on companies house, not sure why the dormant company is the top Google hit over the active Co.

You are right, in the light of everything it would make no sense for RB to go about acquiring shares this way.

But I still feel 20% of the Co is an unlikely amount for an MM to take on to try and sell, especially with Atlas trying to do the same. If that does turn out to be the case, there won't be any buyers for them to sell to.

Hmm, which then begs the question who would buy them from Alex with the idea of holding them. Possibly a JV partner as I mentioned before.

Anyway, no point in debating further as we should find out either way next week. No Tr1, we've been shafted again, or we do get one, and things could be very interesting indeed.

So Robin is a director of Technology minerals Plc and so is Chang, but neither are directors of the Technology minerals group, only Alex.

BT see 13399276

No I just looked under companies house, people, Alex standbury is showing as an active director. Robin Brundle resigned 2021. He is also listed as chairman not director or CEO on the Technology minerals website.

BT, according to companies house, RB is not a director.

Neither is Chang Turkmani. Only Alex Stanbury is listed as an active director of TM1.

BT, I think the century cobalt sales were to release capital, to facilitate this next move.

We don't have evidence, but RB was questioned at the Agm and told investors would like him to take a position, to which he said he would consider it.

It is also logical, for Alex to issue new shares, to get money into TM1, with Robin and Chang buying them.

Change main role is as an adviser and broker, so the wording of the rns also alluded to this. Devil is in the detail.

As I mentioned earlier, the increases number of shares in issue will put Atlas back in play, I don't think any right minded MM would take on 448m shares, knowing there was another player also trying to dump, it would completely kill liquidity.

Anyway, let's see what happens next week. For once, I think I may best you.

Depends what your average is 4kandles , mine is very low, so a recovery here would be exceptionally profitable for me. If I'm right and Brundle is buying, it will be very good news. Followed by crml shares and getting rid of Atlas, then the commencement of black mass sales in March, I think 1p plus is easily on the cards. As I said, see you next week, or not.

Dusty ignore it.

Going back to your point on salary sacrifice etc

I wouldn't be at all surprised if our new share holder is Robin Brundle, and perhaps Chang Turkmani was the special advisor who will have added to her holding considerably.

The market will love that, finally proper unity between tm1 and Recyclus, and Brundle in the trenches with share holders.

Thanks LOTUM,

Yes I do believe it's all connected, CCL sold shares to enable this....

And yes Im sure everyone will be keeping an eye out for the Tr1, or more than one if the shares have gone to multiple holders.

I suspect it will be one or two at most.

Hmmmm.... Personally I think it's quite an exciting prospect.

LOTM

You have breezed over the fact that 448m shares are going somewhere, care to speculate on where/who?

No MM is going to take that amount with low liquidity, also with the number of shares in issue increasing, I believe that will allow Atlas to convert and sell again.

Mms won't want that competition to my mind.

Thoughts?

To my mind I can think of 3 eventualities, 2 positive, one that I think would probably prompt me to throw in the towel:

1. Somehow it is RB and CT directors buying, but why theyve gone this convuluted route doesn't make sense, also less likely still as I don't think we are in a closed period.

2. A JV partner is providing funding in return for a share of the company, perhaps an ongoing situation with an initial 20%

3. The bad one, another grotty creditor has provided the funding and the bod have found a new weird and wonderful way to shaft share holders whilst propping up Recyclus.

Option 2 is my preference, option 3 I'll show myself the door.

The shares have been purchased for 250k and 198k wkw

Again, read the rns.

They will have 250k for working capital as of Monday.

198k to pay the adviser, guessing the person who has brokered the deal.

An unknown investor(s) is taking on a 448m share holding.

I thought potentially a JV partner if not the Bod, we know Robin has been to Scotland recently regarding a second plant, and we are already in cahoots with Glencore for offtake, either way we should find out soon.

And someone is buying in 5m tranches again, next week will be very interesting.

TG group money is on Robin and Chang.

Let's see.

Winnifrith has been unusually quite on last night's rns, another clue?

You really are incredibly stupid.

Following Admission, Alexander Stanbury has agreed to immediately sell the New Ordinary Shares at the same Issue Price to certain investors in respect of the £250,000 gross proceeds, and the balance for the settlement of professional adviser fees and other obligations of the Company.

He's selling them, to yet to be confirmed investors.... Read the flipping rns before trying to debate, it would help you look less moronic.

A friend in the TG group has raised a very good point, who on earth is it, that is buying 448m shares, that's 20% of the company....

Far to many to just dump, so perhaps we will get a Tr1... If they are going to sticky hands that's very good news indeed, would be a massive signal of confidence to the market.

Lohum is still on, delayed due to difference in waste classification with India, taking time to resolve. We classify black mass as waste, India does not allow waste to be imported. Kemler codes don't align I believe. We do not have this same issue with Glencore, exporting to Germany via channel tunnel, codes align, so should be a lot more straightforward and here before lohum.

They had 69m shares to sell so no surprise really.

As far as I'm concerned, we now have 250k for working capital, that should see us through to CRML shares, and the TFS for Glencore mid to late March. We then have a 12 month contract, selling 100 tonne a month for between 2-5k a tonne, plus gate fees, li-box etc, we should then be able to self sustain.

Personally, I don't think this will have been done lightly, or without conversation with Atlas.

Being only 6 weeks until they can be paid off, why would they cut their nose to spite their face? Answer is, they probably won't, they don't want an administration event, and they can't be issued shares from conversions to sell. BT did illustrate a scenario in which Mms could facilitate forward selling, despite the shares not being able to be issued until May, but if they are getting paid in March, again, seems unlikely.