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Do you mean CCL are selling shares?

I agree, probably to fulfil the debt commitment to CLG.

Also CRML off to a ripping start today, high of $8.75 so far. So value to us more like 7m rather than 3.1m, looking better at the moment.

For everyone's clarity, this is the true state of play regarding CRML

"The sale agreement was signed on 24 November 2024. Completion of the transaction is conditional upon completion of due diligence by European Lithium as soon as practicable, Technology Minerals and CRML and its shareholders agreeing the detailed terms of the escrow, and European Lithium obtaining any necessary third-party approvals or consents to complete the transaction. Completion will occur five business days after the last Condition Precedent has been satisfied."

Nothing to suggest it won't happen. The sale agreement was signed, so yes, as BT has said its not completely finalised, but it is near as damn it. One would hope, that European Lithium have now done their DD and will be ready to transfer shares to us come Feb 28th.

Wkw, they are not exiting.

It is Alex Stanbury, as we know, selling his own shares to raise funds.

Either for operations, or as I suspect, to pay back debt with his own money.

If so, that is noble, and shows he will do what it takes to see this become a success.

Until the shares come out of escrow 28th Feb. Then the deal will finalise.

Trump's involvement with Greenland has certainly thrown the cat amongst the pigeons.

That's truly excellent news, instos buying crml. Hope it continues, should have no problem paying off Atlas off and will have plenty of change left over!

Tickling $8, hope it keeps this up toward Feb 28th, more money in the coffers for TM1

If I'm right and CLG are soon to be paid, that just leaves Atlas. We are all in agreement they don't want an administration event.

That leaves the regulator scenario in which the FCA swoop in and force tm1 to de-list. I personally think that's now less likely, post suspension and TWs articles were he openly states he'd reported TM1 to the FCA etc over a month ago now. Still nothing or the sort has happened, and so far (early days yet) the market has been fairly orderly.

IF the ruddy Glencore TFS turns up mid to late Feb and the crml deal completes, when shares come out of escrow Feb 28th then Atlas will have some assurance of getting their money back.

I was mulling over the possibility of crml shares being transferred to Atlas as security or payment, rather than sold into the market in blocks, when liquidity allows, but I suspect they will want cash.

I do think confirmed sales of black mass and crml completing will provide opportunity for bulkier conversions at higher prices.

Maybe a combination of things mentioned above will be how Atlas make their exit.

Multiple eventualities, but all roads lead to Rome :-)

No Tr1 this was just to raise capital, explains the big buys and sells earlier this week.

Yes could be to keep the lights on, but equally we do know the CLG debt is getting called in fairly soon, so I'm betting AS is selling into the volume to get the cash together. We will see though, they are unlikely to get the cash together any other way so does make sense.

I think he's getting the funds together for CLG capital, one debt ticked off the list if so.

I'd argue the deal will complete when the shares are our of escrow.

Even the paltry 3.1m should be enough to pay off tranches alongside conversions. Liquidity of crml is unlikely to allow a quick exit, but it will help.

Agreed Dusty.

I value the negative views.

But as BT agreed yesterday, Atlas don't want to force an administrative event. And as Wkw said yesterday, forward selling and crashing the share price is a quick way to suspension, disorderly market.

So with that in mind, it would be fair to summise that Atlas will behave in a somewhat orderly manner, to recoup their money.

And as we've all repeatedly said, there are finally things on the horizon that will allow the Co to repay debt, once this becomes reality I envisage a rally, and perhaps the volume for Atlas to sell and convert at a higher sp, whilst perhaps receiving tranches of payments from crml shares.

This is why I've averaged down and remain optimistic.

Hi LOTUM,

The decision to drop the capital reorganisation was made prior to the Agm, resolutions 12&13 were removed as they were deemed no longer necessary. If the bod wanted to do this, they could have left it in, and it would have easily carried as Alex Stanbury has an enourmous holding through century cobalt, PIs would have had little say in the matter.

I am perplexed by this decision, it doesn't fit the narrative.

Crml was worth about 3.1m net to us I think after all expenses, at a share price around $6 - $6.5, it's at $7.11 right now, could be higher or lower come Feb. Their Wolfsburg lithium project is no joke, BMW have thrown cash at it, some good news there could see the value be far greater to TM1.

I can respect that BT, I had you down as one of TWs acolytes, I believe be does have people working for him, taking to the boards, publishing his doctrine.

I would replace "when liquidity dries up" with "if liquidity dries up"

I'm banking on there being enough material news to keep punters Interested between now and future events that may see the balance sheet start to recover.

I'll be interested to see how Atlas behave in the interim.

And I just stated I made a purchase this morning, my resolve is unchanged, my advice for others is for others to engage with differing views, and formulate your own. Yes BT is a share prophet, and does have a vested interest in talking the share down, but that doesn't mean everything they say is wrong. The risks are very real, but the reward from these prices upward could be excellent, hence my willingness to keep rolling the dice. If not, c'est la vie.

Dusty I've clearly stated my position multiple times, and repeated below. I believe there will be a positive outcome, but to state everything is rosey at the moment just isn't true. But there are things on the way that Could materially change things.

My umbridge with the share prophets came not from what they said, but how they said it and their overall conduct. AJS doxxed me, and BT and I have had our share of falling outs over similar.

I believe in listening to the good and the bad, and making your own choices.

I think there may be a big buy order in, seem to want shares, they are not reporting buys, I bought a grands worth this morning and it's still not showing.

He's sharing a valid worst case scenario, and it should be considered, and balanced with your own views and appetite for risk. Mine is apparently quite high, but im not over committed here, I've averaged right down and am happy to let it play out.

All views are valid, let's keep the board civil. (rich coming from me, I know) but the discourse lately has been helpful.

As I've said recently, the truth of what is happening is between what BT is saying and a better outlook. Things are not great, this is a risky play, but I still personally think there are mitigating factors that will eventually lead to a positive outcome.

My opinion is that, neither Atlas or CLG want an administrative event, if they did, it would have happened already.

The crml shares, whilst a pretty rubbish deal, will allow tm1 to sell tranches and pay off debt, and one would also think the Glencore TFS will be in and blackmass sales will commence.

These are ifs, buts and maybes to the positive side, equally what BT is theorising, is also all caveated with "could happen"

I personally think Atlas and CLG will just wait it out and get paid, I could be horribly wrong, in which case I will doff my cap to the bears and move on.

You pay your money and take your chances.