UK 23:27 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
The last week has been a good week for Technology Minerals (TM1) as it published an update on its settlement terms with Jonathan “kiss of death” Swann and death spiral outfit Atlas Special Opportunities II, LLC on 14 July.
Yesterday the Chris Cleverly linked POS that is Technology Minerals (TM1) announced a conditional fundraise raising gross proceeds of £2.085 million at a price of £0.0005 per share. Technology has a number of hurdles to overcome before it actually receives the cash because as the fund raise was below the nominal value of Technology shares it is required to completing a subdivision of shares. It also requires shareholder and FCA approval and publication of a Prospectus. But let’s assume that all happens…
On Friday a trade went through in worthless shitco Technology Minerals (RM1) with some clown buying c£30,000 of shares, 50 million shares, at c0.06p. This is the definition of madness, Can anyone explain why it is not?
In its last results for the six months to 31 December 2025 Technology Minerals (TM1) showed a loss of £1,585,000 and had period end net liabilities of £1,988,000, demonstrating that it desperately needed refinancing. Yesterday Technology announced an “Expanded Strategy, Proposed Fundraise and Directorate Changes”. Uh oh – confetti ahoy.
In late March Technology Minerals (TM1) published abject numbers including a #4.6 million quid restatement as I crowed about HERE. Just in case you thought that this was idle boasting, my good pals at the Financial Reporting Council have written to me to thank me for bringing the matters to their attention that saw it forcing Technology to restate. Gotcha! Enjoy.
Technology Minerals (TM1) is still struggling to get its own refinancing done involving comrade Johnny “kiss of death” Swann over the line. Now more bad news – its 49% owned subsidiary Recyclus attempted a crowdfund at Crowdcube but it has now closed and has flopped disastrously. When do you think that Technology is going to ‘fess up in an RNS.
Results today from Technology Minerals (TM1) are utterly atrocious. Losses upon losses and a material uncertainty warning from the auditors is sort of putting it mildly. When the shares resume trading they remain utterly in bargepole territory. Who is to blame for this? You might think that it was Chris Cleverley’s pals in management but if you are crazy Meg Short at Bloomberg you probably blame Tom Winnnifrith for the losses and, for once, Ms Short might have a point. Let me explain…
I realise that comrade Jonathan “kiss of death” Swann is up to his eyeballs in Technology Minerals (TM1) and I do not wish to offend him for he is a good, if sometimes misguided, chap. But I have a question regarding the placing at Technology.
Well quelle bloody surprsie. Only a complete cretin would think that with almost ten million quid of debt and burning cash, Recylcus is worth 30 million quid. And so it is no surprsie that, as you can see below, its crowdfunding exercise on crowdcube is a total disaster. Given that its parent company, Technology Minerals (TM1) is also running on vapours things look grim indeed. Folks cannot say that they were not repeatedly warned but as ever some - such as Comrade Swann -knew better than old TW.
I showed yesterday that Crowdcube was breaking its own FCA ordained rules in raising money for technically insolvent Recyclus, the 48% owned subsidiary of technically insolvent Technology Minerals (TM1). It gets worse, the prospectus has got all its numbers wrong. Is this not fraud raising cash on a false prospectus?
Crowdfunder Crowdcube is regulated by the FCA and I shall be reporting it to the regulators today for breaking its own regulatory rules and for misleading investors. With a hat tip to reader BT for spotting thus, it is another joke from insolvent shitco Technology Minerals (TM1)
On 15 January the insolvent shitco Technology Minerals (TM1) announced a reconstruction including a small placing which had been completed and a secondary placing of #2 million needed to partially refinance loan notes held by spiv broker Fortified and our old pal Comrade Jonathan “kiss of death: Swann. Fortified and Swanny were also going to get new shares in part consideration. Now good news travels fast…
Back on 27 March 2024, when Technology Minerals (TM1) issued its accounts for the six months ended 31 December 2023, I wrote an article setting out why I considered that Technology Minerals should consolidate Recyclus Technology as opposed to treating it as an associate. The impact of the consolidation treatment would be to significantly increase reported losses and reduce the net assets of Technology Minerals. In its accounts for the year ended 30 June 2024 highlighted that the FRC was on the case as I reported in my article of 11 December 2024.
I know that the UK’s leading small cap investor has historically been an enthusiastic supporter of Technology Minerals (TM1) so perhaps comrade Jonathan Swann might explain why the directors are not in serious legal doggy doo doo.
