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Sold ,will be back in if this drops down below 49p
I'm very excited about Atome and just topped up.
They're breaking ground with Green CAN and educating the market, both financiers and investors, is a big part of their challenge.
Seems we have an incredible management team, strong backing, a great product to sell into a global market and they're first movers.
This has huge potential to re-rate in the next 6 weeks as the economics become clearer, and in the long term become a huge green agri-business that throws off cash, after they've built more and more faciltiies.
For new investors - their comms are excellent, watch their recent presentations on their website.
GLA
From page 12 onwards. turnover viletta $116 million, ebitda - $67 million, offtake announcement end of June
Suspect this will be Olivier attending this evening. Fingers crossed we have some good news soon re progress.
https://x.com/proactive_UK/status/1789966946412228826
Good find. Have been following these developments for a while. Wonder if we need any clarification from the company here. Should we expect an increase in the tariff for the second project??
Atome mentioned far down, that a complaint has been lodged that the state is under charging atome using an out dated rate, well now we now we getting a good deal https://dialogue.earth/es/energia/energia-finanzas-clima-negociaciones-represa-itaipu-brasil-paraguay/
Olivier Mussat posted on LI a month ago:
Although linkedin is not quite the right forum to discuss investor questions, I d be remiss not to respond to @ matt phillips who asked a question on another post "When will atome be announcing progress at Villeta. Investors were promised FEED and FID in Q3 2023. We were then promised Offtake in Q1 2024. Here we are in Q2 and none of this has yet materialised. "
Dear Matt, you are correct that we have been delayed in our original program, and as stated since, engineering has taken more time than expected and created knock on effects across the financing and the offtake. And whilst we are now nearing the end of FEED of Villeta, we are in parallel negotiating both the EPC contract and offtake in order to achieve the best possible outcome for the project and all ATOME shareholders.
Rest assured we are not sitting idle on our hands and doing our utmost in creating a first in kind green fertilizer project that will become a blueprint.
https://www.linkedin.com/posts/omussat_although-linkedin-is-not-quite-the-right-activity-7181228824049655808-Yen5?utm_source=share&utm_medium=member_desktop
The CEO Olivier Mussat has said that an announcement will happen within the next 2 months (any day), where they accounce project financing and offtake agreement, which will see the back of this crazy low SP.
This whole interview is interesting, but look at his answer at 19.25 to see the investment case:
https://www.youtube.com/watch?v=IJOnA-ukECY
Progress and likely newsflow in this interview at 16.00 mins (def worth listening from 16 mins to the end):
Offtake Agreement - They're close to signing.
Finance - Capex $400m+, anticpate 55/60% debt to equity
https://peelhuntnewenergycleantechnology.gallery.video/240422
Updated company presentation:
P 13 - "FEED and EPC completion expected by end Q2 2024"
P 13 - "Offtake targeted for agreement in H1 2024"
https://wp-atome-2021.s3.eu-west-2.amazonaws.com/media/2024/02/240205-Atome-Q1-Presentation-website-v5.pdf
Well there is a bowl forming Steve , problem is it is upside down !
Must be time for some news on Paraguay soon. That should get this motoring and will be exciting to move into the construction phase, with more visibility of first revenue timeframe.
Interesting read from : ADFN Evening Euro Markets Bulletin:
Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130.0p target price on Monday, stating the company's choice to focus on finished ammonia fertiliser manufacture was "advantaged".
"Fertiliser is high-value, strategic, tradeable and fungible, and manufacturing it from electricity, water and air (rather than natural gas) gives a completely different cost, security of supply and sustainability profile," said Canaccord Genuity.
In the short term, it expects the company to progress its lead project in Paraguay to put all of the elements for a final investment decision in place later this year, something the analysts expect to be "a material value realisation" event for Atome.
"We believe its strategy of going downstream to monetise island power opportunities is both highly attractive and likely to be followed by other companies on other electricity-driven projects worldwide," added the Canadian bank.
"We expect the next valuation event to be announcements on offtake and debt on the project, expected 2Q 24. We base our valuation on a risked net asset value, which we believe is the most straightforward approach for development companies."
Great bowl forming here, good luck ones who bought at bottom, can c this heading back 80p original placing price.
They may be kid1 if he gets a controlling grip on Atom
UNDERSTAND YOUR FRUSTRATION HOWEVER YOUR COMMENTS ON THIS BOARD ARE NOT REVELENT REALLY
The guys credibility is shot to pieces and he expects to raise money here.
3 name changes then private. Down 77% today
3 name changes and now private. Clever chap our Peter!
They must have knew about Men, it's been well offered all week and NT to sell most of the time. Surely if they want money they could place a certain amount of Atom shares
Atom up yet again and MEN down yet again, the gap grows.
Glad I have some Atom but my bigger holding is MEN and it cannot keep drifting when it holds so many of these
which is rising daily
Want to come back to EIS would I be right in thinking that not only can employees not participate but also financial institutions so neither could Schroders. Also anyone up to speed on Carbon credits. Who would issue these credits to Atome and can they be sold anywhere
Atom recovering might not be nuts but the face Men is down is nuts. 60p about to pop and Men is down on the offer today to 26p...