A bit quiet here so thought I'd step up.
Just saw this latest post on Thomas' LinkedIn by Scott Clements of Tribeca, 15% shareholder of TM1:
This is a bit of a case study in how to fund a junior miner:-
High quality, scalable project ✅ - Top jurisdiction ✅
- Relevant commodity mix ✅
- Hard-working CEO willing to take calculated risks ✅
- Aligned advice ✅
- Getting in front of the right investors ✅
Terra Metals CEO Thomas Line first came to Singapore in Q1 2024 for the Tribeca Future Facing Commodities Conference to introduce the company to the Asian market for the first time.
On his 3 subsequent trips to the region he was able to continually update potential investors on his progress, building trust and familiarity – ultimately that resulted in 2 new sophisticated shareholders joining the register in their latest funding round.
Aside from the near term capital and validation of the project, these investments substantially decrease the company’s reliance on retail funding for the foreseeable future, a constant overhang on most junior miner shares that are stuck in a vortex of dilutionary financings with short term investors.
There is still a lot of work to do, but the resource potential is compelling (v large scale polymetallic asset with simple metallurgy) and the capital markets foundation is now strong.
A rare good news story in a tough sector..
Tribeca has been in TM1 for years & has participated in every CR since the recapitalisation.
If I had to guess, I'd say the stock owes them around 60c.
You may be cynical & say that SC is "talking his own book" when he Likes a LinkedIn post of TL or posts something like the above.
Although I am by nature a cynic, I tend to agree with everything SC has posted.
The TM1 story has been in the publc domain for over 1 year.
I don't know why it has taken so long for the market to finally rouse, but I believethat finally the time for TM1 is nigh.
(20min delay)