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I agree, but your holding has still been diluted.
The raise is is slightly different because directors have subscribed for a total of 941,000 Shares.
Directors buying into a fund raise i think is a positive sign
The problem with investing in any business before it is making a profit, no matter how attractive the prospects, is they need cash to build the business so they can make profits. Invariably they have to raise more and more capital, so either your investment is diluted, or you start putting more money than you want to risk into the business.
Now we know why it dropped 26% in a month
Another dodgy AIM scam
There's raise 50p, at least financed now, could be punt these levels, why share price drifting of late, acomondate placing. 4 patient ones could buy sub 50p
It does seem that FID is drifting a little. Somewhat annoying
There’s a second larger project in Paraguay, they’re evaluating sites close to power and putting a power purchase agreement in place now. This will follow Villeta, should be announcements soon.
https://www.atomeplc.com/projects/yguazu/
"ATOME now has three industrial scale green ammonia and fertiliser projects in development in Central and South America"
I must have missed something. 3? There's Paraguay & Costa Rica. Where is the third?
Further validation. Re interest rates to be honest and not wanting to over offend I sort of think you are out to lunch!!
ATOME now has three industrial scale green ammonia and fertiliser projects in development in Central and South America and has positioned itself as the leading player in green hydrogen-based agriculture products in these territories.
Feb 14th they announced things are progressing well in Costa Rica including a meeting with the President of Costa Rica in late January.
My take is we will not see financing until interest rates come down
I wonder if this is the bottom for the SP now.
It’s great to see the projects stacking up post Villeta.
If Atome announce a solid project finance plan and off take for Villeta, every step towards production, with visibility of further larger production facilities should turbo the SP.
With news expected on this within 6 weeks, I suspect the days of a SP below £1 will be over. I’m glad I averaged down with small additions on Mon and yesterday.
Good luck all.
Good news today, whilst all the projects take time - foundations look great atm.
£4.1 million raised back in May 23 95p, hazard guess on there last million, cash burn high.
What I find interesting is it states construction will begin mid 2024 ( in my eyes that's may June July), but idb board meeting is 30 th July which means they could release funds August which is not mid 2024, therefore another backer has to be releasing funds prior to them, otherwise they sabotaged their own document timeline.
There's a down load at the very bottom under the 2nd tab 'environmental and
social' of a timeline for viletta https://idbinvest.org/en/projects/green-hydrogen-ammonia-and-fertilizer-plant-paraguay
Story of green hydrogen is fairytale.
Is Levine going to cough up at 80p with the sp so low?
35p placing looking promising 👌
Also many of these trades were reported at the end of the day!!!!!!!
I think the board date is when they will actually need the money as opposed to the date of agreement on the loan. I of course might be wrong. With regard to unknown buy/sell I can confirm that many of them are buys.
On the share price, this week i noticed trades of a good buy amount was always stated as unknown(2were mine) , a bit of sabotage by the mms, so on Friday buys actually outweighed sells but not officially !!
Yes, alot of outlets reporting on this say they are, only the BNamericas have used the term 'board meeting' 30th July , but I think it's just a formality, shame they couldn't do this in June though