Thx for that Robbo, it’s one of my biggest problems noting things like that… I was throwing £1k at Coinbase (COIN) on the first dip on most evenings., It would then climb,I’d sell , it would then drop to roughly the same low again and I’d buy again then I’d take another small profit as it rose…maybe £70 overall (and fun, which is my problem as well).
One evening I tried to catch it in the low ‘trough’, it never stopped going down though 
, had to wait 2 weeks to get my profit…
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Sure I read somewhere, 11am and 1pm have some significance at LSE… not sure (probably tea time) 
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Have a listen
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Thanks Mark
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First time ive heard Lester speak and i like what he said : ‘We are not miners, we are explorers’ … thats fine by me !
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Alex talks about variation should be granted in about 8 weeks when he is talking about lead acid at tipton… my question is, is he referring to the pendeing EA licence that Robin referred to over a month ago when he said should be granted in 2-3 weeks ? Or are those two different things ?
Just put another £1k in the pot for tomorrow, 71k shares at current value, more obviously if we have a slight drop. I’m committed now, this will drop my AVG to be closer to a break even. Risky I know!
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Positive interview as expected
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Like you damole it was a bit confusing 8 weeks ! This must be just for the lead acid site.
Likewise I would liked to have heard a little more information on the TM1/ Recyclus buy out, this needs to happen as the directors can concentrate on one company rather than placing their interests in another.
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Just listened to it think youd have to be crazy to sell this for a while
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Im pretty sure they ment the variation of the license to turn the machine on for the lead acid factor at tipton which isnt the same as the license being granted to the lithium ion in Wolverhampton which was the one they thought they would get the license for in a couple of week but is now waiting for the fire safety stuff to be put in places which hopefully will be the last thing needed for the EA to sign off. Either way think we are looking at a few more weeks until we start hearing some positive news on this front.
Robin has consistently spoken about advanced talks with 3rd parties and is speaking a lot more about rolling out to car manufacturers and other countries. I will be really interested to see how this all plays out once the 3rd parties see the machines licensed and working as they should be.
If TM1 can deliver on low cost highly transportable modular front ends then TM1 is in a really good position to get these machines to alot of companies…
Im hoping this in not just a lot of positive marketing
I too would have liked to hear talk a out the recyclus situation and also if they have shifted any of the lead they have been manually processing for a few months now.
But everything else i heard sounds great.
Going to be looking to buy any dips and see if i can get my average down to under 0.02, i’ve got a fair amount of shares now so once it goes green for me i’ll be happy to just leave it alone.
Too many times now i’ve been caught out buying when i’m up expecting it to be a sure thing only to be sat there a couple of month later looking at 40% down wishing i had just taken my time.
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So even though lead acid is being processed already by hand, it would seem the lithium plant should come, or at least, should have come, online before the lead acid automated processing ?
If, listening to the previous communication (6 weeks ago) the EA was to be delivered within the next week.
Today’s communication stated up to 8 weeks time.
So my assumption is that Wolverhampton within the week ?
Tipton within 8 weeks ?
If its otherwise then it needs to be communicated ?
If the sp continues to rise just on the strength of the governments/investor involvement and the promise of what tm1 are striving to do… Don’t worry about when the licence lands, let’s savour it…
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If.
But then again, it has risen so quick some new comers or people who averaged down enough are now in the green and can flip a quick 20+% profit and buy back in as it drops again. … oh i wish i had a crystal ball. But im holding for the long haul, will sell when it hits £1 lol
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Interesting post from seagulls on lse chat about potential market value of tm1
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Can you post it here ? So I can see it thanks
Quote start :
I posted these figure on the Telegram group. This is all available from the Roast podcast.
Lithium plant (annual - based on one 8 hour shift/ 5 days/week) 8300 tonnes pa.
Feedstock price will vary between £1500 & £4500 / tonne.
Based on the 8300 input feedstock, the output black mass will be 5000 tonnes.
This will now sell for between £5000 and £6000 /tonne.
Annual figures are:
Gate feed (8300 * £2500) = £21m (approx)
Black mass (5000 * 5000) = £25m.
This £46m is probably conservative and does not include revenue from:
Mines
Halo boxes
Lead acid plant (which will generate about 30% margin but no figures were given in terms of sales values)
Potential mobile units based (using the new grants).
Also, still in discussions with:
Car plants etc to house their machinery at battery manufacturing sites to recycle scrap batteries.
Roll out of plants in USA/EU/Asia - in discussion with partners although that can mean anything.
Current market cap £19m.
So what’s it worth? Best way to determine is profit.
The prospectus states that the Gate Fee will not always be applicable (short/medium term opportunity due to demand for a solution). Once competition starts this will drop/disappear but several years away I feel.
The expected black mass off-take figure used previously was £3500/tonne and not the current £5000-£6000 /tonne).
So, the expected gate fee is pure profit £21m approx.
The additional black-mass margin (£1500/tonne) must also be viewed as pure profit.
That’s £28m from the expected £46m. And, they would expect to be profitable at £3500/tonne and no gate fee, so the profit on the £46m turnover must be higher than the £28m I’ve calculated.
Lets say conservatively, the profit is £30m, that would value the company at £300m based on a P/E ratio of 10 which is low for a growth company. And that excludes ALL other opportunities.
However, the number of shares will be much higher as the Recyclus deal involves the issuing of another 921m shares making it 2,393m in total (that’s approx 2/3 increase in share capital, or another way to look at is the new share capital will be 60% current TM1 and 40% for the additional Recyclus acquisition) - hope that makes sense.
So, based on that, the £300m is worth to ‘current TM1 shareholders’ £200m.
However you look at this, TM1 is seriously undervalued.
Anyone selling now IMO has absolutely no understanding of business. Zilch.
The selling was driven by Macquarie and has now completed. The permit will be issued shortly and then we’ll fly.
Quote end
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