Member Info for Tornadotony

Piled in this morning and now have exit with a modest profit that at least paid the dentist this morning. Wishing you long term holders and also the company all the best. Tony

CEO has done the honourable thing after what happened State side. Just wish a few politicians would do they same after far bigger mistakes.

Let us see what the short positions now do. If they close the SP should improve.

The short positions have a good reason to close as damage is known and things to be properly run in future. Punishing a company fixing what was wrong further makes little sense.

Totally vindicates bringing in an independent accounting review. Company found out the problems. Important they discovered it and fixed it. Most of the damage priced in. I recall what happened with Endeavour CEO, share price hit like this one and it edged back up.

Looks like we could have another pull back to 18-19p and then have another go at 21p. Perhaps 18-21p is a consolidation range. Resistance was hit pre-usa open yesterday at 21.5p.

As of 3 November 2025:

Causeway 18%, Blackrock 7.5%, FMR 5.33% Artemis, Capital, Royal London and Marathon with around 5% each.

Boston 4.98%, M&G 4.98%and Aberdeen 4.95%.

Employees 1.45% and other insiders 0.06%. About 67% of the share holder base declared by institutions currently not selling and maintain confidence in the company. Of course many PIs add to that base percentage.

Enterprise value divided by EBITDA is below 8 and approaching 7. Normal range in FTSE 250 is 8 to around 32.

Future earnings growth into 2027 was anticipated to be 46% higher although only marginally increasing in 2026.

Assets are £880M above debt on 2024 annual reports and share value is currently just £740M. Hence why fair value is around 733p a share. If earnings are around £63M after tax, the PE rate is around 12 which is the bottom of the range for this type of stock. Typically around 14. PE rating value is around 719p share price.

It is not without negative risks. However, positives also currently exist.

Another 500 just above 620p.

Clearly the prospect of being able to sell MREC before build out of all the plant is attractive to financing. I suspect buyers are wanting that material providing a cash flow line earlier in the time table. Once the plant is built the separation channel of the plant for pure REO in effect is serving as a refinery. if we get any sub 18-19p dip from now on it is a buy.

14p drop from previous support line is due to FTSE index wide drop since Thursday. Chancellor owns this drop hitting UK shares.

Market wide tree shake as bitcoin lost support lines and is at risk of a leverage liquidity event. This has been brewing for awhile. We shall see how USA opens but that is where the trouble is and to see if it can be managed. Bitcoin or Fartcoin or whatever is based on reliance of faith for the most part and is not gold, silver or platinum.

Market wide modest tree shake this morning resulting from what happened in USA markets late yesterday. We shall see how the USA markets react again at the open. Bitcoin closed at the bottom of its trading range yesterday and if support breaks a leverage liquidity breakdown may occur in that part of the market.

Somehow the share price has retreated despite high buy to sell ratio. Looks like accumulation against someone playing around on CFDs.

The first one between 639 to 641p is mine at 640.3 area. It was certainly not zero.

Senate vote in favour of ending shut down a few minutes ago. House of Reps to vote in next 48 hours.

4pm London time USA Senate final vote to agree budget.

I would say 0.5p is down to the rally on REMX. SP will probably tell us how much value the RNS, but I expect it is probably an extra $10M to profits each year. So better than a kick in the bottom. Every little bit helps. As for Motley fool you have to ask what was the real purpose of that article. Sometimes a bad news article is good news as it provides attention. To give the 2022 example was rather pointless when considering the present geopolitical circumstances.

If the senate bill goes through to the House floor for tomorrow this could easily go to 660p.

Senate initial bill to close out shut down agreed last night. Critical vote 4pm USA eastern standard and likely to pass to House of Representatives. Agreement is quite possible to end shut down and restore air traffic back to normal in coming days.

Latest FAA shutdown on USA air flights is 10% and rising. Likely to hit 20% of all flight in coming days.

This may actually help end the shut down if it goes a lot higher. It has to end by Thanksgiving *last Thursday in November) at the latest as otherwise the damage becomes massive to USA economy.