Recyclus

13 days ago

Another ouzo day: Technology Minerals forced to correct Recyclus accounting treatment by Financial Reporting Council after my complaint

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.

246 days ago

Technology Minerals – Letter to PKF Littlejohn

I have written to Joseph Archer the bean counter at PKF Littlejohn who signed oiff on the June 30 2023 accounts from Recyclus Limited about the missing and way overdue accounts for last year. Recyclus owes Technology Minerals (TM1) £9 million and is 48% owned by Technology. I suggest that both companies are technically insolvent and with Recyclus trying to do an EIS fund raise, Archer should be alerting investors.

257 days ago

Technology Minerals: when will it ‘fess that Recyclus is in the merde and call in the administrators?

Fraudster Chris Cleverly historically associated Technology Minerals (TM1) is running on vapours and guzzling cash. Its only asset is a 48% stake in Recyclus and the c£9 million it has leant to Recyclus which itself its also guzzling cash and technically insolvent. But when will Technology ‘fess to two major issues.

281 days ago

Technology Minerals: More confetti, no prospectus, no news on Recyclus EIS or its overdue annual report – - just let the dog be shot

Why cannot the FCA force Technology Minerals (TM1) to ‘fess up to the awful truth, suspend the shares, call in the administrators and put this dog out of its misery? Instead, at all levels, the farce goes on.

295 days ago

Technology Minerals makes a profit but is surely bust, Recyclus accounts overdue

Results from Technoloigy Minerals (TM1) came out on March 31 but really should have been published a day later as it boasted of a profit of £882,000 in the six months to 31 December. But before any fans of fraudster Chris Cleverly start insisting that the curse has not struck this time…

334 days ago

Critical Metals shares collapse again, Technology Minerals lock-in expires today

It seems that for most folks the lockins on shares in the technically insolvent Nasdaq SPAC, created by A Wanke, Critical Metals (Nasdaq: CRML) expired yesterday. For second class citizens Technology (TM1), today is the day that it can start selling and as it is running on vapours it needs to sell.

390 days ago

Reader: TW far too kind to Technology Minerals, it will zero within weeks!

Oh dear, it seems that I have started 2025 showing my traditional weakness of being far too nice to the bad guys. Yesterday I warned of numerous red flags and at Technology Minerals (TM1) and suggested it would go bust within months. Reader S says I am being far too generous ands writes:

408 days ago

BREAKING: Technology Minerals – the FRC investigation, for useless old TW yet another GOTCHA!

https://shareprophets.com/views/77983/breaking-technology-minerals-the-frc-investigation-for-useless-old-tw-yet-another-gotcha

656 days ago

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

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…

659 days ago

Technology Minerals: when will you tell us about the second factory explosion?

The last time that the factory in Wolverhampton owned by Recyclus, founder the Tingo fraudster Chris Cleverly, caught fire, Technology Minerals (TM1) issued an RNS. That rather begs the question about the massive fire that took place on January 2.