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Looks like Red T are now firmly in the mix with Atlantis as you can see from today's red t news release and various discussions on the board. Very good news for both parties. Should add an exponential increase on both stocks.
Hi Sbuild Good find, shame cannot get RED into the link, now that would be a good move !!! GLA
Many thanks!
I believe we are looking around June.
Does anyone know when these shares are likely to come out of suspension? Or is that not a very easy answer. sorry not a regular on this BB, but do hold these shares Thanks in advance.
Operational update. Just showing things are moving well and records set with production. All in all the ceo is very happy with the progress. Won't be long before we hear more details relating to the merger with simec energy.
Sbuild The share will relist and the price will be determined by the market, on that and subsequent days . Scroll back to my post of 22 dec for a summary of the factors which might affect the Sp after relisting, but note that it's no more than moderately informed guesswork.
All good news and looks very encouraging and promising. However back to the relisting with the vote imminent. I'm taking it most share holders would be in favour of merging with simec and creating a large energy cooperation. Does anyone know if the relisted sp price woild be detailed in the rns detailing what the offer on the merger is? Anyone hazard a guess what we will be looking at sp wise upon re-entry?
Thanks Jurado.
No, I think that's one million more than the minimum we would accept. We hope to raise �4.3m, and are currently at �3.2m-ish, but all is good with nearly a month left to raise the rest. The bonds are at 8per cent per annum, with interest paid twice a year at the end of June and December, and the capital sum being repaid at the end of the 5 year term.
Bond raised 1mil more than expected that�s optimism for you. Can anyone remember the terms of the Bond please?
Sbuild good find, so far as i can see the main bit of "new" news is the suggestion that the third unit at Uskmouth could be commissioned ie a 50% uplift to the revenue and ebitda "guesses" in my feb post. Obvs more expenditure but shows a growth path ex all other possible developments.
More waiting, but I like what see going on here.
If only the Friday before closing we could offer piled in at 35p knowing what we do now!!!
Positive news but it looks like a 2nd quarter re-entry, this share is going to rocket otherwise why put a hold on trading. IMHO.
Good news due shortly I�m sure or at least some news on progress. E are coming to an end to the 1st quarter after all.
That's a great piece of Writing very insightful and informed. What is took from the article on the website was a higher sp upon readmission and or ongoing as they were aiming for a mid cap ftse 250 scale company. So surely this could be anything from 50p to 5000p in that sector?
TYPO - 220 mw per annum.
The doc found by Pc contains some extraordinary plans and huge ambition , talk of a market cap of >�1bill is at odds with where we are now , remember at suspension the MC was~�44 mill. On re-admission the market cap should rise sharply as the companies assets will have more than doubled in value as will the shares in issue, but see my post of 22 dec ,even the most optimistic estimates suggest that the MC will be <�200 mill and the cost of getting Uskmouth up and running is another �200 mill which will require an equity fund raise and borrowings . So lets assume(what follows are wild guesses for illustration purposes only!!) that 6 months from now ARL have raised �100 mill in equity, eg sold 200 mill shares at 50p and another �100 mill in debt to fund Uskmouth they have 18 months to spend that cash and get the Uskmouth power station converted and running on waste pellets to produce 22 mwh of energy pa . At that point.the company will have 450 mill shares in issue and at a SP of 50p, a MC of �225 mill+debt of �100 mill.I estimate from the figs offered that Uskmouth will generate about �80 mill of revenue pa and maybe �20 mill EBITDA That makes the business sound, just about profitable, with a PE of 10-12 . However the latest doc suggests that this business will also be in the running to bid for projects of �400-500 mill , DOUBLE the size of the business in a couple of years , so they must have enormous faith that their "big brother" is going to keep on pumping cash in , in the form of more equity (and less for us) or "soft loans" In summary , i still think the prospects are bright, but holders must be prepared to cough up a similar amount to their present holdings in a fund raise, to retain the value of their shares and to accept that the growth might accrue predominantly to GFG rather than to us.
Thanks pine excellent bit of detective work, would be nice to see this sort of feed back in form of RNS, I�m guessing they all have their hands a bit tied at the moment over at ARL.
Yes that is quite encouraging although in reality it doesn't say much. "...and is aiming for readmission in 1H18, as per the company announcement..." suggests it could be another 3 months and that there is a lot of negotiating to still do. Actually, "...aiming for readmission in 1H18..." is not particularly certain at all - this could be ages.
CEO Tim Cornelius notes from website Atlantis Resources UK-based renewable power developer is in acquisition talks as it looks to ramp up its power generation portfolio amid its rebranding as SIMEC Atlantis Energy It is aiming to reach the midcap mainboard listed GBP 1bn to GBP 1.5bn market capitalisation space The company is very interested in a mini-hydro portfolio he said and is looking at two such transactions, one in Wales and one in Scotland. My goal is to acquire renewable and low-cost assets into the group. The target value range is broad, he said, with Atlantis looking at opportunities in the market for less than GBP 10m equity value, and others in excess of GBP 400m to GBP 500m, he said. In December the company had a market cap of around GBP 44.15m and is aiming for readmission in 1H18 as per the company announcement. Lets hope for some movement on the above opportunities all sounds positive. GLA https://www.atlantisresourcesltd.com/2018/02/07/atlantis-resources-spearhead-waste-hydro-acquisitions-simec-atlantis-energy/
I agree Wenglish, 9 weeks without a peep. That is except news of another crowdfunding wadge at 8%. 26% raised so far - nowhere near as fast as the 1st crowdfund. Pople do need to hear results or, if none are forthcoming, some words from managing parties about the future.