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Technology Minerals RTO is OFF (as OFT predicted): just how fecked is the company now?

By Tom Winnifrith | Tuesday 24 September 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.


Oh dear. Oh dear. But you cannot say that you were not warned. Standard list Rules regarding an RTO transaction are clear: the post deal market cap must be in excess of £30 million and thus for months and months it was clear that the proposed acquisition of the remaining issued capital of its 48.35% owned battery recycling business, Recyclus Group Ltd by Technology Minerals was dead in the water. Today that was confirmed.
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