RE: 50 tonne a month3 Jul 2024 10:30
Just hope this is not the same BS as we are now cash positive famouse quote from A.
50 tons have not seen any of that number in the RNS but let say it is correct .
50x £ 4000 = £ 200 000 CORRECT ?From that you take the expenses like electricity (nitrogen gas) workforce .
How much is left ?
At the moment they ate spending close to that every month without the machines operating so ....ahhh 48% of that is only for TM1 ......Positive no doubt but not game changing.
TM1 still mounting debts which have to be paid out at some point for a start .
They are still 2 different companies and may look linked or not you ask yourself what will happened when debt is not repaid .Debt is on TM1 side and recyclus shareholders will wall out unscratched .
I know for myself when thinks may get turn around ....
Who is the mystery seller again today on such great news ?