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“…Rio Tinto is paying for everything in Rwanda. In Morocco, we have 17 assets with Silver, Gold and Copper and we may look to work with one of the majors…”
Full Article : https://total-market-solutions.com/2024/05/aterian-plc-may-2024/
Interview Only : https://youtu.be/iYGrIZkeMgk
Off the scale
Is this one anyone’s radar? The prospects in Morocco seem to be growing at a pace. I assume there’s a risk of fundraise? £1M raised in August, £300k from Rio and £1.3m annual cash burn leaves funds until August 2024?
4 mins in.....https://www.youtube.com/watch?v=wOjpuK4tQ04
Https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-i-a-e/
“…Together, Aterian and Rio Tinto embark on a journey that promises to redefine the landscape of lithium mining. This partnership is not just a business agreement; it’s a narrative of ambition, learning, and mutual growth – a true David and Goliath story in the modern mining world…”
https://total-market-solutions.com/2023/12/aterian-plc/
“…It was very exciting announcing our lithium joint venture with Rio Tinto. Rio are definitely the operators and the managers on the ground…”
https://total-market-solutions.com/2023/10/aterian-plc-october-2023/
Beginning today ATN firming up again.
Take a look at today's RNS.
Lively after lunchtime today and more so even after the close.
Boy2men these are your first Aterian posts and this is your contribution. I suggest you do you research before trying to dump in here, those random figures don't mean anything and if you want to contribute you'll need to post substantial messages with facts.
RLL93
So what will Aterian have once the Government takes there 20 -30%, as they all seem to be doing
Nobody is saying that Aterian need to build a mine, not even themselves. They want to generate their income by licencing their claims to large mine operations while taking a substantial fee and they have now as of July set up a material supply chain, so that they can buy and sell their commodities without even touching them giving them a further line of credit. I think they see the business having a whole ecosystem where their marketplace funds their land research, they undertake mineralogical and geological surveys, opting the permits and then licensing them to mine operators all while selling their products on their own marketplace and so on.
I assume the Money from RIO is for Aterian to let RIO know whats in the ground
Just looking at Kodal, Aterian will need Millions to build a plant, what RIO is offering is peanuts
See above
On market purchase yesterday by looks of it
Is the todays Rns the loan conversion or another buy ?
Reading through the latest RNS's for some further information, I've been trying to work out if I havd missed something and why the SP went down not up on what i thought was positive news (I can't see anything substantial.) I thought I'd share some of my personal highlights.
The Executive Chairman and largest single individual shareholder, Charles Bray has invested £500,000 in the Fundraise consisting of £200,000 of new equity capital and £300,000 from the conversion to equity of a short-term debt utilising a working capital facility provided to the Company. Luke Rogers, the Aterian COO has subscribed for 800,000 new Ordinary Shares (£8,000). Simon Rollason, the Aterian Director and CEO Director, has converted 3 months of salary into 2,500,000 New Ordinary Shares (£25,000).
The main men at the top are putting their hard earned money into it and even converting salary, that's a ballsy move!
Other bits such as the exploration licences and extension are important but in my opinion minimal due to the unknowns, and by that I mean hard data on their contents, not just estimates but extensively mapped out geographical and mineralogical data with lab results, this would in my opinion add value to the land and to the company.
There's hundreds of bits that I can pick into, but its interesting they say "The Company's strategy is to seek new exploration and production opportunities across the African continent and to develop new sources of strategic and critical mineral assets for exploration, development, and trading." Not a mention of mining, if it wasn't clear before and with the JV and the public statements about future and current partners, ATN have absolutely no interest in mining these claims, instead wants to obtain licences, undertake evaluation of their asset, where successful appointing a JV to the highest bidders and then reaping the rewards without to much heavy lifting and financial risk then moving onto the next one, I can imagine there being a time where they have multiple partners all working on their claims paying a percentage all while Aterian brokers the product between the mine operator and the buyer to further expedite their earnings higher.
As a shareholder I'd like to have more information about the newly developed network and how their buying and selling of materials is progressing as they made a big point of this in interviews and stated it would be up and running by the end of June, so now we are in August, is it up and running and is it generating any revenue.
Amazing how this stock is still this low after a JV with one of the world's largest mine operations with funding guaranteed, 10 new licences, 1 million in funding above current market price, CEO is the biggest shareholder with lots of his own money invested along with many other ongoing and upcoming projects and its all going under the radar, amazing!
In the roast interview from yesterday they said were going to allocate capitol from a third party hopfully by the end of August.
Kevin also mention he liked the trading arm . Does anyone know what this is about ?
Spot on, on top they auvergne been reimbursed for the previous costs associated with the project and stand to get more at agreed stages so they ate in a much better financial position that a few weeks ago yet the SP doesn't reflect this. I emailed them today to ask for financial infomation such as their position on short to medium term funding and they said they will update me and the market "shortly".
IMO, the exploration resources and logistics/experience of RTO takes the weight of the shoulders of ATN for Rwanda. Which means their (small) cash in the bank will last longer IMO. Their own cash burn will be less. As I see it anyway.