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Think that’s the most positive this BB has been recently which speaks volumes.
Good to see the higher volume but still well below what it should be . I thought the usual “expressive “ PL RNS with more meat on the bones as of lately. Encouraging and strong buy for me.
Tight spread at close , with plenty of news/updates to follow up to year end and beyond the MM's are positioned accordingly.
Just stepped off a cruise ship to an interesting news update, spud later in the week maybe, cant be bad.
Paraguay
ATOME is the beneficial owner of Atome Paraguay S.A. led by James Spalding.
ATOME has entered into a Memorandum of Understanding with the Paraguayan innovation arm of Itaipu Technology Park for the future location of its planned 250 MW green hydrogen and ammonia facility approximately 1km from the Itaipu dam itself, adjacent to water and with transport access.
ATOME intends that production will be ramped up from an initial 50 MW unit commencing end 2024 with significant potential local end markets. All goods are carried by road or barge in Paraguay and the country is a significant user of fertiliser to support its large agrarian economy. As a member of Mercosur and with Itaipu bordering Brazil and Argentina with river access to the ocean through to Buenos Aires, international export markets are also available.
The project is aligned, among others, to Paraguay's Green Hydrogen Roadmap and decarbonization goals established in its National Development Plan 2030, as well as the objectives in the country's Nationally Determined Contributions (NDC) within the framework of the Paris Accord.
Further details on ATOME and its projects will be given nearer the time of flotation but in the meantime for additional information please visit www.atomeplc.com or contact info@atomeplc.com
Iceland
ATOME has a 75% beneficial interest in Green Fuel ehf, an Icelandic company with experienced local management.
Iceland, a member of the European Economic Area, powers itself through hydro and geothermic sources with the availability of baseload electricity for ATOME's planned requirements. Green Fuel has taken significant steps in progressing its hydrogen and ammonia project in Iceland including advancing discussions and memoranda of understanding with key players for power, land and water forming the route map towards full definitive agreements. Green Fuel is targeting delivering FID by end 2022 with initial production planned for end 2023 / early 2024 and building up production thereafter from 30MW to 100MW.
The choice of location of Iceland and of Green Fuel's project is in full alignment with the Hydrogen and E-Fuels road map for Iceland and it reflects Iceland's own domestic needs. It's focused pursuit of hydrogen, and the nearby growing EU market, including availability of subsidies and grants make Iceland an ideal place to manufacture green hydrogen.
Well pleased with Iceland & Paraguay
ATOME is planning a limited equity raise to support progress to FID in each of its two current projects targeted before the end of next year. Appears positive move interesting how markets react. Personally see it as great move long term.
The most positive RNS for a while, hopefully SP will react
Perfect plans and timing. Well done PL.
The begging of something very exciting.
Well well !