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Technology Minerals: a few more thoughts from the nest of snakes

By Tom Winnifrith | Wednesday 10 January 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

The Technology Minerals (TM1) hook up with “colourful” death spiral provider of last resort CLG, announced on Monday, is a massive red flag in itself. One feature is that only £2 million of the £5 million facility can be drawn down without the FCA approving the RTO of Chris Cleverly founded Recyclus. And that must be a problem given the Tingo (US:TIO) scandal. At the very least…
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