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I'm waiting for the rns confirming funding, then I'll be throwing the kitchen sink at this.

I reckon so Rob.

If by chance, we do get an alternate funding RNS tomorrow, or in the not to distant future, I think we may witness one of the most stratospheric rises the market has seen this year.

Gonna take my ramping trousers off now and go to bed so I can be up, coffee in hand, ready for 7am 😂

-Punchers chance

Sticking my neck right out here, not unusual for me if you've been here a while.

But I've always said we had a punches chance, this is a start up, and it's been scrappy as hell. But I think we are about to have our hands held high.

Yes Richy, my theory is this:

There is a charge on the Recyclus assets, and shares have been put up. I think all of the big trades over the last 72 hours may have gone to our new lender, and we should see updated TR1s.

Atlas are done, the ceiling is lifted, and we are about to start shipping blackmass to Glencore.

Game. Set. Match.

Indeed Richy. I've been waiting a year to see off these share prophet mugs, I think the moment of vindication may finally be here. First AJS, then Buried treasure, accompanied by the buffoon Wkw. I'm very much looking forward to the next few RNS's.

And what right minded II buys 150k shares in a skint soon to be dead company....

Pray tell? I'm waiting?

It specifically says, TO ENABLE FUTURE LOANS

This is part of a funding agreement, you share prophet mugs just can't see it yet.

There was an MR01 posted on Libatt companies house a couple of weeks ago, essentially mortgaging the equipment and lease, the charge was issued by Close brothers. I wonder if this is part of an alternate funding deal, that also includes a share consideration. Joining the dots it makes sense.

Perhaps the other 35,65,75 million share trades have also found their way to our new investor.

Could be a few notifications in the morning...

Let's see what follows this Buried treasure, before jumping to conclusions.

Rumour about a new cornerstone investor, enabling financing to remove Atlas. I wouldn't have given that any credence, but this does peak my curiosity. See you at 7am, I suspect we won't see you again if this turns out to be true haha!

I think we will find out in the morning.

Fantastic news and gives today's rumour some credence.

35m sell so Atlas are still in play.

I'll believe it when I see the RNS. But if true, unlikely as it is, this would sail past 1p

Source? Or is it just a sophisticated ramp?

It's not misleading at all, the black mass is going to Germany through the channel tunnel, fact. The paperwork is already in place we are just waiting for the permit. We have a 12 month contract with Glencore, and they will be taking black mass from us every month, at a negotiated price depending on the metals market and price of black mass at the time. Watch the interview from yesterday...

It's not the only source of funding though is it, I'll refer you back to the close brothers, undisclosed amount but real. We don't know how the EIS is going, but we know it's there. We now also know black mass sales are possible with two offtakers, both major outfits, with Glencore likely starting very soon. That'll be a few hundred k a month in the coffers. With more Feedstock deals following the new legislation you can also expect more revenue from gate fees, and I'd imagine Li-Boxes will be pretty popular too, the Mod seem to like em.

So no, I don't think it will be bust in a year, I think we've made it to the crunch, by the skin of our teeth.

.

Rusty Dabloon nitpicking semantics again...

Also wrong about us not coming out of suspension, not getting feedstock deals, not getting offtake agreements, not getting alternate funding, Leinster completing etc etc etc

Your list is getting shorter and shorter.

The way the CLN works is they convert shares at the lowest price in the last 10 days, so in this case, 0.00095p they then sell them at current market price, so they make profit all the way down. The loan is repaid not by the profit they make, but by converting the shares it knocks down the debt, so the 195m shares sold yesterday would have had the value of around £200k. They sold those at enormous profit, but trust me, they are indifferent and will take what ever they can get. You'll find out soon enough.

Regardless, the Glencore contract adds some assurance to the future, so moving forward a combination of paying back debt via blackmass sales and conversions should see them gone in Q1.

I expect a pretty constant news flow from January, as the new legislation comes into play forcing Oems to recycle batteries, feedstock should increase dramatically, and with it black mass sales, which should create more positive sentiment and volume to clear the CLN out. Once they are gone, that's when you can start posting your rocket emojis, but more short term pain for now. In the meantime, a good opportunity to keep buying cheap shares and build positions if you believe in the business model. I do, and will be buying more when I see the rns stating we've shipped our first load of black mass. For me, that assures the future of the business.

Rob, looking at the large trades yesterday I'd estimate they converted roughly 200k in value. It was blatant yesterday as we saw 3 big worked sells of 75m, 65m and 60m

Today it seems they have adopted a less blatant tactic and have likely been selling in clips of 1-5m, likelt a ruse to hide amongst those taking profit and not spook to many so volume continues, and they can continue doing their thing. At best they maybe have got away with another 100-200k today, so maybe down to 1.3m left to convert best case.

We will see conversion notices at some point, I am surprised we have not already, but that will prove my point when it occurs.