Capital Metals plc
FINPROM Findings
4“In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. ... We expect over 300 direct new jobs to be created and over US$150m in direct government royalties and taxes to be paid.”
Specific NPV range ($155-235m) and jobs/royalty projections cited in About-the-Company section of a retail financial promotion. The NPV is from a 2022 PEA so technically historical, but presenting it alongside a retail offer without proximate qualification gives retail investors a high-side anchor.
“Close of WRAP Retail Offer”
Retail offer closed one day after launch (29 May → 30 May). Combined with the sister CMET launch the same sequence, forms a repeat sub-48-hour retail window pattern.
“expected to close at [time] on”
Launched 29 May, closed 30 May (next day). Same-day-pair close pattern.
“Result of WRAP Retail Offer”
Oversubscribed result — neutral observation; retail appetite absorbed the raise.
RNS Announcements
3Result of WRAP Retail Offer, Issue of Equity & TVR
THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN. 2 June 2025 Capital Metals PLC ("Capital Metals" or the "Company") Result of Oversubscribed WRAP Retail Offer, Issue of Equity & Total Voting Rights Capital Metals (AIM: CMET), a mineral sands company…
Close of WRAP Retail Offer
THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (" UK MAR "). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN. 30 May 2025 Capital Metals PLC ("Capital Metals" or the "Company") Close of WRAP Retail Offer Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade …
WRAP Retail Offer for up to £300,000
THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE WRAP RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF CAPITAL METALS PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT …
LinkedIn Activity
16Weekly highlights including 'B HODL PLC announced the purchase of Bitcoin funded by the Company's first At-the-Market equity offering and Capital Deployment Programme.'
Panmure Liberum acted as Nominated Advisor, Joint Bookrunner, Joint Debt Advisor and Joint Broker on Revolution Beauty's £16.5m fundraise and strategic reset. Post announced their role alongside Zeus Capital in the placing and subscription.
Broker promoting fundraise for company under FCA investigation with £29.7m net debt. Framed as 'strategic reset' with no mention of FCA probe, accounting irregularities, or net debt position. Retail offer of up to £1.5m via BookBuild at 3p/share (14% discount). LinkedIn post URL found but content only partially accessible via web search.
Tasty raises £9.25 million via a Placing and Subscription and a further £0.87 million via a Retail Offer. Perivan's shareholder communications team worked with Cavendish Capital Markets on documentation.
Perivan promoted the deal on LinkedIn as a case study. 1,850,000,000 new shares issued at 0.5p represent 935% dilution of existing equity. Retail offer via BookBuild raised £0.87m at same 0.5p price. No risk warnings about extreme dilution. Tasty PLC's own LinkedIn page (1,230 followers) shows no posts about the fundraise -- only restaurant/hospitality content.
Describes the IPO as an 'exceptional opportunity for investors' offering 'private equity style returns, usually reserved for professional investors and developers'. Projected 21.75% pa IRR and 2.58x equity multiple.
FINPROM concern: 'Private equity returns' language used in promotion of AQSE-listed shares to retail investors via RetailBook. The projected 21.75% IRR is presented without caveats about construction risk, pre-let conversion risk, or the fact that AQSE Growth Market has lower regulatory standards than AIM or Main Market. Oberon Investments and RetailBook appointed as joint capital raisers. No direct LinkedIn post found but the language permeates all promotional materials that would be shared on the platform.
Announced Cobalt Holdings emerging from stealth mode. 6-year supply agreement with Glencore for $1 billion in cobalt. DRC controls significant market share. China controls ~80% of refined cobalt supply. Glencore and Anchorage Capital as cornerstone investors holding 20.5%. Initial $200m purchase of 6,000 tons at discount to spot.
CEO and sole director personally promoting $230m IPO on LinkedIn with no risk warnings. High engagement (191 reactions). Framed as strategic opportunity with geopolitical narrative. RetailBook ran concurrent retail offer at $2.56/share, minimum $650. IPO was subsequently cancelled in June 2025 over lack of investor interest -- less than 24 hours before trading was due to start.
London's biggest IPO in 2 years. Cobalt Holdings as 'only publicly traded entity offering pure-play exposure to physical cobalt'. Buying 6,000 tons at below-market prices during price trough. Frames as test for London's capital markets relevance. Asks whether investors will 'bet on long-term scarcity over short-term surplus'.
Financial commentator promoting the IPO with promotional language and no risk disclosure. 24 comments indicate high engagement and discussion. No mention that company had sole director structure or that cobalt prices had fallen 75% over 3 years.
Advised Dekel Agrivision on placing, subscription and retail offer raising £2.5m. Partner Sam Hudson led. Net proceeds to strengthen balance sheet and provide ongoing working capital.
Law firm promoting deal for overleveraged company. 'Strengthen balance sheet' is euphemistic for acute financial distress — the RNS disclosed the company is 'currently overleveraged' with multi-year cash deficits.
Helium One posted on LinkedIn announcing a WRAP Retail Offer to shareholders targeting £1m. The offer closed early due to being oversubscribed, raising the full £1m at 0.54p/share (185,185,185 new shares issued). Hill Dickinson LLP posted about advising HE1 on a prior £9.9m accelerated bookbuild for drilling the Tai prospect in Tanzania. A separate £4.7m company-led placing was also referenced for working capital. The WRAP offer was same-day close, opened and closed rapidly due to demand.
Key LinkedIn post: linkedin.com/posts/helium-one_london-stock-exchange-london-stock-exchange-activity-7358521750474616835-Ac2j. Hill Dickinson post: linkedin.com/posts/hill-dickinson-llp_hilldickinson-fundraise-aim-activity-7011694056133001217. The same-day close of the WRAP offer is confirmed - offer opened and closed early due to oversubscription, with admission around 11 Aug 2025.
CelLBxHealth PLC (AIM:CLBX, formerly ANGLE) plans to raise £6.8 million through a share placing, subscription and separate offer for private shareholders at 1p per share. Also proposes share capital reorganisation splitting each 10p share into a new ordinary share (0.05p) and a deferred share (9.95p).
Posted by Proactive Investors (financial media). No risk warnings present despite significant capital restructuring. Does not mention 68% dilution figure or RetailBook/BookBuild involvement. Zero engagement suggests limited reach. URL: https://www.linkedin.com/posts/proactive-investors_cellbxhealth-plans-68-million-fundraise-activity-7398990897075511296-PAKt
RetailBook powered retail investor access to Frontier IP Group plc, seamlessly integrating retail participation into capital market transactions. (Mentioned across RetailBook company page and associated profiles but no dedicated standalone post found with full details.)
No standalone LinkedIn post found specifically about the Frontier IP RetailBook offer. RetailBook references Frontier IP as a case study on their profile/activity. No risk warnings, no mention of going concern. Nicholas Smith profile (4K followers) associated with RetailBook but his posts focused on Treasury Bills pilot, not Frontier IP specifically.
Tennyson Securities supported £6.83M equity raise for THE SMARTER WEB COMPANY (Sundae Bar's related entity). Describes it as 'UK's flagship Bitcoin Treasury vehicle for global equity capital' and notes 'enthusiastic support of UK retail investors'. References upcoming Bitcoin Conference in Vegas.
Post from broker at Tennyson Securities. Highly promotional tone ('flywheel is cranking up', 'launch velocity', 'onwards and upwards'). No risk warnings despite bitcoin treasury pivot. WRAP retail offer and accelerated bookbuild mentioned in post metadata/title. No disclosure of risks associated with bitcoin treasury strategy. URL: https://www.linkedin.com/posts/alan-howard_result-wrap-retail-offer-accelerated-bookbuild-activity-7331730681594589184-ZnH-
Announces new subscription agreement for 21 million ordinary shares, continuing capital-raising strategy. Notes majority of shares from prior June 2025 agreement have been placed. Bitcoin Treasury mentioned in title.
Company page post about ongoing share subscription. No risk warnings. Multiple capital raises indicated (June 2025 + September 2025). URL: https://www.linkedin.com/posts/the-smarter-web-company-plc_bitcoin-treasury-activity-7369248084368736256-pN1-
Gelion 2024 Wrap Up article. CEO thanks investors for support in 'most recent capital raise last December'. Mentions £2.5m ARENA grant and ~£1m BESS revenue. Optimistic tone about delivering returns to shareholders.
Annual wrap-up article published on LinkedIn Pulse. References December capital raise but no details on amount, terms or dilution. No mention of going concern, cash runway to Jan 2026, or WRAP. No risk warnings present. URL: https://www.linkedin.com/pulse/gelion-2024-wrap-up-gelion-sjbuc
DWF advised Zinnwald Lithium on £18.75m equity fundraise closed at a premium to share price. Cornerstone investment from AMG Advanced Metallurgical Group. Launched and closed in under 16 hours. Worked with Nomad Allenby Capital and co-brokers Tamesis Partners and Oberon Capital.
Post from legal adviser celebrating deal completion. Mentions AMG cornerstone but no mention of 29.57% concentration risk. No disclaimers.
CurrentBody parent Beauty Tech Group heading for London IPO. Valuation range £280-£320m. Revenue £101m, EBITDA £22.9m. New shares raising £29m, total offer size £106.5m (~35.5% of issued share capital). Founded 2009, backed by eComplete and Simon Cooper.
Pre-IPO analysis post with detailed financial metrics. No risk warnings or disclaimers despite providing valuation and investment-relevant data. Describes as 'rare D2C brand with global traction and clinical credibility'.
Fortified Securities announced acting as placing agent for Mendell Helium's fundraise, securing "£796,000 through a combination of placing and direct subscriptions at 2 pence per share." CEO Nick Tulloch quoted: "We are now fully funded to bring one of the most exciting helium opportunities in the U.S. into production." Mentions AQSE Growth Market admission target and potential AIM move.
Placing agent promoting fundraise with forward-looking CEO quote. No risk warnings. Hashtags include #EnergyTransition, #GrowthCapital.
Board of Directors
24| Name | Role | Appointed | Status |
|---|---|---|---|
| Gregory Martyr | Executive Chairman | 2021-01-13 | active |
| Aravinda De Silva | Non-Executive Director | 2025-08-04 | active |
| James Gerald Leahy | Non-Executive Director | 2021-01-13 | active |
| Savanth Laleen Sebastian | Non-Executive Director | 2025-08-04 | active |
| Teh Kwan Wey | Non-Executive Director | 2020-09-03 | active |
| Kwan Wey Teh | director | 2020-09-03 | active |
| Orana Corporate Llp | corporate-secretary | 2025-08-20 | active |
| Stephen Frank Ronaldson | secretary | 2005-11-24 | active |
| Geoffrey Edward Martyn Brown | director | 2008-03-06 | active |
| Patrick Chuan Peng Kee | director | 2019-05-08 | active |
| Anthony John Samaha | director | 2021-01-13 | active |
| Sar Moh Nee Teh | director | 2014-02-24 | active |
| Ross Michael Warner | director | 2005-09-16 | active |
| Ben Harber | secretary | 2014-04-01 | active |
| Guo Zhang Lee | director | 2017-05-10 | active |
| Sam Quinn | secretary | 2021-01-13 | active |
| Michael Frayne | director | 2005-10-07 | active |
| Peter David Bayliss | director | 2008-05-16 | active |
| Shankar Varadharajan | director | 2010-09-27 | active |
| Oi Hian Lee | director | 2014-02-24 | active |
| Miow Kien Yap | director | 2014-04-11 | active |
| Bruce John Griffin | director | 2024-04-02 | active |
| Joseph Jaoudi | director | 2008-03-03 | active |
| John Michael Bottomley | secretary | 2006-07-31 | active |