Tribe Technology – from AIM listing to now set for funding-troubles cancellation within 18 months! Another AIM IPO Roll-Call of Shame…

Describing itself as “a disruptive developer and manufacturer of autonomous mining equipment”, Tribe Technology (TRYB) has announced its General Meeting resolutions were passed by shareholders, including noting they “passed as special resolutions” and “cancellation of admission of the company's ordinary shares to trading on AIM will become effective at 7.00 a.m. on 21 February”. And the shares listing off to where?

Red flags at Christmas starting early – Tribe Technology 2:38pm “Directorate Change”…

Nigel Somerville is running his annual Red Flags At Christmas sweepstake for dodgy RNSs on the no-one-watching-o’clock Christmas Eve HERE. However, some companies have started early – including Tribe Technology (TRYB), with a 2:38pm “Directorate Change” RNS announcement.

Tribe Technology: from AIM listing to funding-troubles proposed cancellation in less than 16 months – indeed AIM was “a natural fit”! You were warned…

Describing itself as “a disruptive technology-first developer and manufacturer of world-class autonomous mining equipment”, Tribe Technology (TRYB) has issued a “Full Year Results Delay & Corporate Update”-titled announcement. It includes that its results will be delayed because of funding discussions though that it is “in advanced discussions with potential providers of additional funding, including certain existing shareholders of the company who remain supportive”. So what of a current more than halved share price in response to 0.75p?

Tribe Technology – “RC Drilling System Update” attempted ramptastic ahead of bailout fundraising attempt ahoy?

Ramptastically describing itself as “a disruptive technology-first developer and manufacturer of world-class autonomous mining equipment”, Tribe Technology (TRYB) has announced an “RC Drilling System Update” commencing, “Further to the company's announcement on 16 September 2024 as well as 1 October 2024, the company is pleased to confirm that it has carried out several product demonstrations & presentations of the Sample System in the workshop and the Drill Rig with Remote Command Hub at the Australian Automation & Robotics Precinct in Australia, to current and potential customers”. Er, is that attempted ramptastic too?

Tribe Technology (#TRYB) – “has carried out several product demonstrations & presentations of the Sample System”, attempted ramptastic

Tribe Technology – having emphasised extensive engineering and collaboration, review concludes “further significant... work is required”!

Last month Tribe Technology (TRYB) announced the arrival of its “first autonomous reverse circulation TTDS GC 700 drill rig” in Australia, emphasising “this is a major milestone for the company and is the culmination of significant engineering hours over the last four years, pioneering design and innovation along with extensive collaboration with our first customer”. The shares were then 4.55p and recently closed at close to that, but are currently falling below 4p on a “First autonomous RC Drill Rig Update” announcement.

Tribe Technology (#TRYB) – “First autonomous RC drill rig video update”, attempted ramptastic!

Tribe Technology – argues a “strong support” fundraise. Er, is it?!

Previously writing on autonomous mining equipment company Tribe Technology (TRYB), in March with the shares at 6.25p I cautioned “First generation autonomous drill rig update”, attempted ramptastic ahead of interims?. What of now a “£1.41 million Fundraise” announcement, and the shares currently further down to 4.25p to give a prospective £10.2 million market capitalisation?

Tribe Technology – “First generation autonomous drill rig update”, attempted ramptastic ahead of interims?

Describing itself as “a disruptive developer and manufacturer of autonomous mining equipment”, Tribe Technology (TRYB) has issued a “First generation autonomous drill rig update”-titled RNS announcement. What is this “update” considered to be RNS-worthy and what of a current 6.25p share price?

Tribe Technology – having only listed in September, a ‘no-one watching’ period “Trading update”. Uh oh…

An announcement today, in this ‘no-one watching’ period between Christmas and the new year, from Tribe Technology (TRYB) and it commencing “Tribe Technology PLC (AIM: TRYB), a disruptive developer and manufacturer of autonomous mining equipment, provides the following trading update”. Uh oh – it not even pretending to be pleased to provide the ‘trading update’?!

Tribe Technology (#TRYB) – ‘no-one watching’ period trading warning