Member Info for THE_CHAIN

Never had any credibility in the first place!

There's no saying that TM1 will try and dump the lot in one go, at current prices they'd have to sell 260k odd shares to cover Atlas. If there isn't some other plan afoot to get rid of them sooner. They may chose to sit on the rest as a rainy day fund. If the EIS funding comes in soon that should see us through to the 2025 regulation changes and with that, an influx of a lot more feedstock. The TFS and offtake with Lohum, and potentially Glencore, it looks like weve got plenty of custom for blackmass sales too.

Crml shares are currently at $6.46 and have been knocking around $7 on recent news. The wolfsburg lithium project is huge. And Tanbreez is looking very promising as shown below, highest grades of Galium ever found. Very sought after for computer chips used in military defence.

Yes the TFS and news that we have a huge load of black mass, and perhaps another offtake agreement with Glencore as has been rumoured. There are things that could drive volume. They just need to ruddy well happen!

I think you are wrong there Troajan, perhaps mixing up draw downs and conversions. Atlas have access to 1.7m that we have drawn down, that they can convert from. They can and will do as they please. They still have around 80m shares to sell from the last conversion, that they will start dumping again when we come out of suspension. Hence my reticence to believe there will be any major rise without course changing news. The bod need to get rid of them. They are a thorn in our side until they are removed. The Recyclus EIS funding on the way should mean we don't need to draw down any more. But we are stuck with Atlas until we can pay off the 1.7m or they convert the lot, if that's the case we need very good news to minimise dilution.

I admire your optimism poorinvestor, but I think it will only rise considerably, if we come out of suspension with news that a deal has been struck with Atlas. If not we will just have to wait it out. Come February 28th we can get rid of them, but I'm hoping a deal can be struck using CRML shares.

They've got 80m odd shares still from the last conversion. I wonder if some sort of deal could be struck as we now have the means to pay them in full down the line. To my perhaps naive mind, the volume that would be created amongst news that there would be no further conversions, would fetch them a larger and faster profit, than continuing to dump shares for next to nothing. This line of thought may also be appealing, seeing as the loan is unsecured, could it be re-negotiated to the understanding that they will be paid in full come February, if they play nice. Just Monday night musings, pinch of salt and all that.

Well we've got until February 28th, the shares could be worth more by then, or less! What are the chances of a loan being leveraged to pay Atlas off earlier? Interested in your thoughts Gerard.

Shares are locked in until Feb 28th, but it provides much needed assurance. 10m in the bank. And another 3m in EIS funding on the way.

Https://www.linkedin.com/posts/european-lithium_eur-activity-7266581020966084610-B8vt?utm_source=share&utm_medium=member_ios

AJS is gone. Signed off as they got wind of the EIS funding, the Glencore tie in on the horizon etc. I always said, eventually they would be wrong and those holding through the noise and taking advantage of the depressed SP stood a good chance of making some money... I am not in any way affiliated with the company, and I've not been at all impressed with the BOD, but the business itself I have always maintained is a gold mine. It will all come out in the wash. No skin off my nose, and as I said, when we are out of suspension I will be buying more.

Must be on the way Mr Million with Lohum and now Glencore in tow....

Thanks again Gerard, great Intel. I can see the funding round has been announced on the Recyclus site, so is absolutely as you say. Great news about Glencore being on board too, that is a great endorsement. I'll be buying more when we are out of suspension.

Aha! Makes sense now why AJS so gracefully signed off. Got wind of it. Perhaps because the turn around is on the way...

Thanks Gerard thats really kind of you to share. I'll let the TG group know. That will calm some nerves.

Where did you hear about this 3m? Is this part of the EIS rumour posted a few weeks back, Very interesting to hear.

How are they keeping the lights on then without draw downs? Just an observation but they must have enough cash otherwise they wouldn't be operating?

If they are still loss making, why hasn't there been a draw down since June?

Mod contract, Halfords, beryl bikes, and more.

I'm not saying things are rosey, far from it, but they must be near enough breaking even...

Except tm1 owns 48% of Recyclus... So their success is partially our success... And a step closer to getting out of this mire. Despite the dire situation with Atlas, we haven't had a draw down since June. And that loan remains unsecured. We've secured an mod contract, and now Halfords. Alongside the other contracts announced earlier in the year. We must be breaking even.

I'll get shot down, but we own 48% of recylus Dusty, that's why it matters.