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Who do you think will buy the ATOM stake? Maybe PL involved puts people off. As for not making sense re valuation read your own words in the last few sentences maybe they are over valued at 150p
it is fair to say this is a dog of a share and will continue to be . i suspect it will go private one day with 100% capital destruction for all PI's
Totally agree there. Lack of comms and keeping quiet will only add to the uncertainty. What happened to those positive RNS s and interviews he used to give. He seems to have lost that positivity and the sp is still drifting. Likely say should be news on all fronts!
Atb,
Northern
As its clear ATOM holding is not adding any benefit to PPC/MAN MC, I think PL should sell off most, if not all, of ATOM holding and use the proceeds to reduce debt level. At least then this will create some value against the current MC, otherwise not sure on the benefit of holding a listed company within the holding company - get rid I say. If we want to have exposure, we can always buy directly into Atom listing!
Shocking that when taking off ATOM holding from PPC/MAN's MC, it is now worth less than £10m! Turnover just for Argentina was forecast to reach over $40m this year! Doesn't make sense, but PL has fully lost investors confidence and he needs to start announcing some updates that are positive for a change and be clear about his comms, as there has been a few vague statements recently that appear to be manageable at first, then truth comes out e.g. Fire disruption/USA back on line/Paraguay timing! No mention of the farm out update for Q4 - what's happening here?
So much for the change in number of shares in circulation, the price continues to drop regardless!
Positive news Peter please...
I know DRichi
It sounds quite a lot to ask but when you think about it they have been long enough in the industry to get the oil and gas right, they say they are market leading 're Atome - so they should be getting that right and they are in the right part of the world 're developing a Lithium business.
The question is can PL manage to do this. I get really frustrated when we hear so little & the more that goes on the more the sp sign drift down - I know he says he doesn't look at the sp on a daily basis but surely his experience would tell him the longer the silence, the more the uncertainty and the greater the drift, sadly.
Atb,
Northern
I should have included this article as well.
https://en.mercopress.com/2022/08/29/lithium-exports-gain-pace-in-argentina
There are some big players looking for lithium projects, can Argentina give them the investment incentives required.
https://www.reuters.com/markets/commodities/argentine-state-run-miners-launch-first-time-lithium-project-2022-09-26/
Haha! Very good Northern ;-) All we now now is for all of that to happen. Wouldn't it be nice if it did all come off though, would make it a much higher share price.....
New name and strategy can lead to some success on all fronts. I think that is what is required to get the share price moving again. At some stage presumably either more funding or a joint venture will be required to move things forward, especially regarding Atome and Lithium exploration. Moreover, as I've said before. I think Atome needs to start filling it's order books with future projects. All imho.
Atb,
Northern
for the Farm out to successfully happen, for Paraguay to be a success, needs to be better performance from Louisiana, Atome needs to get more deals so it can build revenue after its current projects are producing. There is talk of lithium exploration and whatever else OK has in mind. Needs to get everything working profitably and not blow lots of money like he did with his early exploits in Paraguay.
Then we might have a growing, non Argentina centric and successful company on our hands.
Atb,
Northern
P L going early in year, name change, Paraguay drill next year, difficult c much short term upside, Argentina is basket case of country there invested in. Took risk hoping Argentina may turn around as a country but not so, trafigura still invested, think he thought atome may be saviour 4 company but not so,
Thankyou DRichi.
I have so many different shares I can only know a little about the many of them .
And I hold these with an old broker whose platform not easy to see trade history .
Who has no idea what the master plan is for this share is.
No real meaningful updates
PL gone onto radio silence
Consolidation allowing the price further room to collapse
Cannot see any real vision for oily company other than getting out of carbon based energy......which is what are.....???
Consolidation was 200/1.
Atome shares were given out as a dividend last Christmas (1 Atom share per 167 PPC shares held) . Atom is a separately traded company, but PPC is their major shareholder with (I think) just under 30% of the shares in issue
Had these in ( X ) noticed big rise , but due to consolidation ( looks a large ratio but can not see details )
Shares look delisted today with no value .
Can see Atome Energy shares on acc ( small amount which appears to be a demerger )
Mmm don't know about that one took a big hit when I did. It could work In your favour if they repeat the Atome move. GL
AParky- whatever the maths it seems the one constant is the direction of travel. Well done for getting out when you did.
Might as well still hold as President consolidated whilst the share was well down. I did well selling Atome Energy £1-30.
Shall see if this company gets some recognition. Only about 10m + shares in issue at present.
Should that not be 1/2p DRichi.
Thought PL said Atome was up 36% since float, looks like the market is factoring in his facility to purchase shares at 80p when they are needed. Funds getting used up fairly quickly over there, wonder how much he's paying himself on that one. GL to lth's here you deserve it
A 19,900% rise today which means it's actually 10% down. Ugh..... bloomin' consolidation- at least at 1p a share it couldn't fall much further, from £1.75 a share there could be a long way down yet!!! It would have to reach £100 a share to be equivalent to the old 50p a share. I wish I never invested here.
Still, new name, new start, maybe all the bad news is out of the way and this can climb from here.....
Website for Molecular Energies?
Atb,
Northern
Commenting on today's announcement, Peter Levine, Chairman said:
"President has delivered a period of solid profits..."
I'll only allow myself this one post as I haven't been in this for a few months now.. and don't post on stocks I don't hold, but when I saw this on the loser board today I thought again about taking another punt here..
The recent very significant grow out - imho - of debt here is a shameful performance by PL.. I had half a thought about buying a small few of these again today as the assets on the ground could be made more efficient/ less outage prone with new generation management and PoO should be strong in Argentia pricing for a while too.. and that Atome cross holding is potentially interesting too.. but the debt the company is carrying now is proportionally too much for me to get back in here... and, so I'll just bit remaining holders best of luck and leave it at that
kld1, the other option maybe to sell some of ATOM and use for investment on other new projects. But I guess that's like robbing Peter (not Levine - hopefully) to pay Paul in a way!
No point in selling ATOM in £ and paying down PPC debt in $ at the moment though with current exchange rates
This is not as bad a situation as some are shouting about - not ideal granted, but these things can be worked on. PL may even look to sell some or all of the O & G assets in Argentina!
Any way lets see how this play out in the next 3 months and I will then review my position
Markets won't put lot value on atome just paper profit, can c why now constant sellers over time and drag on share price, quite clearly company not as great as PL puts company across.