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Started: Yorkshireboy, 16 Jun 2024 09:28
Last post: Yorkshireboy, 16 Jun 2024 09:28
Experts emphasize that Toyota's management has long indicated the necessity of striving for emission reductions most efficiently, rather than becoming unwavering advocates of electrification at all costs. To this end, the Japanese company, in collaboration with the Chinese conglomerate Guangzhou Automobile Group (GAC Group), has already invested £4.8 billion in efforts to implement ammonia combustion engine technology for mass production.
https://www.msn.com/en-gb/cars/news/toyota-and-gac-unveil-ammonia-engine-the-end-of-electric-cars/ar-BB1ohMJQ?ocid=socialshare&pc=U531&cvid=7a5905e47bbb4175a1f8b73b2ceca1f8&ei=36
Just been checking the status if idb invest board meeting which was originally scheduled end of July, it's been moved to 29th October https://idbinvest.org/en/projects/green-
hydrogen-ammonia-and-fertilizer-plant-paraguay.
Also check 2nd tab 'environmental'
It has been 2027 for production for a while, they will be in production 19 months from when idb release the funds for Construction (their meeting is end of July) , it's in the print
I don't think investors and the market yet realise how incredible Atome will be.
They're building a huge, replicable production facility, making a market ready 100% green fertiliser for a $200b+ global fertiliser market, at a consistent price and saving 15 million tons of CO2 emissions with the first project alone. The product will be premium because legislation increasingly taxes non-green fertiliser. It's also about food security, growing population, more food needed, demand for fertiliser will grow.
The management team is excellent, they have further projects already under way, with more that will be announced.
This will be a huge company that will throw off cash, selling a product that's in growing demand, literally made out of electricity (green energy bought at a fixed price), air and stone.
Exciting times ahead.
Great news, completion 2027 which is a little disappointing but they’ll likely have other projects progressing well before Paraguay is up and running.
Started: Troajan, 5 Jun 2024 12:49
Last post: Troajan, 5 Jun 2024 12:49
Sold ,will be back in if this drops down below 49p
Started: LordWM, 16 May 2024 15:48
Last post: LordWM, 20 May 2024 12:50
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/
Started: LordWM, 7 May 2024 12:34
Last post: LordWM, 7 May 2024 12:37
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
Last post: Morserouter, 5 May 2024 08:53
Well there is a bowl forming Steve , problem is it is upside down !
Great bowl forming here, good luck ones who bought at bottom, can c this heading back 80p original placing price.
Started: karny, 22 Apr 2024 19:48
Last post: karny, 22 Apr 2024 19:48
Started: Dodgiedealer, 15 Apr 2024 21:42
Last post: LordWM, 19 Apr 2024 06:51
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."
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
Started: SmartMoney1, 26 Mar 2024 11:27
Last post: SmartMoney1, 26 Mar 2024 11:27
Kld1, I’ve gone through the 10-page report and it’s pretty bullish. I’ve provided a brief, paraphrased (to avoid any ‘copyright’ concerns) summary of the research note:
ATOME has achieved significant advancements in its projects, with the 145MW Villeta Project FEED, EPC, and Offtake Agreement expected to conclude imminently, while the 300MW Yguazu Project appears on track to finalise a power purchase agreement (PPA) in the first half of 2024.
Additionally, the company has made progress in Costa Rica, initiating a feasibility study with the national power company for a project similar in scale to Villeta. The goal is to secure a PPA by the second half of 2024.
Our valuation relies on a discounted cash flow (DCF) model of Villeta and Yguazu, with an assumption of equity financing at the price of the BH equity injection (95p per share).
We have, therefore, factored in a scenario where a farm out arrangement is in place, with ATOME retaining a 25% free carry but covering development costs to date. In this scenario, our valuation stands at 252p.
Alternatively, if we consider the possibility of the company selling the assets for 30% of their full value, our valuation then drops to 200p.
In either case, there is substantial upside potential from the current valuation.
.
There is a research note out today from Longspur you may have to subscribe it talks about all possible funding solutions in truth I am not sure what to make of it all. To subscribe through research tree is not expensive
Started: SmartMoney1, 24 Mar 2024 09:18
Last post: SmartMoney1, 24 Mar 2024 09:18
March 19, 2024
PARAGUAYAN PRESIDENT HIGHLIGHTS COUNTRY’S PRODUCTIVE MODEL
President Santiago Peña highlighted Paraguay's productive model and spoke about his country's future in terms of economic and financial development in the panel ‘Spotlight on Latin America’ sponsored by the Financial Times.
The head of state pointed out that the technology incorporated into the agricultural production system will allow Paraguay to achieve the development it has longed for.
“What will lead us to grow at a rate of 8% or 9% in the coming years is the installation of a pulp mill and several industries that will benefit from water and electricity to produce green hydrogen or first ammonia as a sustainable fertiliser,” said Peña.
https://en.mercopress.com/2024/03/19/paraguayan-president-highlights-his-country-s-productive-model
VIEW
A further show of support for Atome’s business case*, from the upper echelons of the Paraguayan political establishment, makes this an even more compelling story.
* Atome's central business case revolves around its flagship green hydrogen and ammonia project in Villeta, Paraguay. This two-phase endeavour aims to establish a capacity of 145MW, leveraging the 14GW Itaipu Binacional hydroelectric dam operated by Paraguay's state-owned power utility, ANDE.
Villeta has been slated to produce up to 270,000 tons per year of Calcium Ammonium Nitrate (CAN) fertiliser from Q4 2025, displacing up to 500,000 tons of CO2 per year in emissions.
And a close look at the latest media reports (below) suggests you dismiss this entrepreneurial outfit at your own peril, as it has the management and connections to deliver its ground-breaking objectives and achieve much more besides.
(Reported on March 18, 2024)
“Similarly, Latin American countries Chile and Paraguay are working to establish green hydrogen plants. Chile has already signed agreements with the EU, France, and Belgium, while PARAGUAY IS PLANNING TO EXPORT ITS PRODUCTS TO ENGLAND.”
https://myrepublica.nagariknetwork.com/news/green-hydrogen-production-the-turning-point-of-the-nepalese-economy/
“IDB Invest has placed a US$128mn request from the AIM-listed firm (Atome Energy) in its pipeline of potential financing.”
https://www.bnamericas.com/en/news/financing-in-the-pipeline-for-paraguay-green-hydrogen-project
.
Started: SmartMoney1, 22 Mar 2024 09:32
Last post: davey50, 24 Mar 2024 09:14
Kld1. I can only test the depth in stocks I hold size. Stocks 99% of the time work in certain numbers. In this stock it will be 2500, 3750,5000, 7500, 10000,15000, 25000, 37500, 50000. So say you have a holding of 15555, if you get a quote to sell the lot it also means the mm's will be actually bidding at least 25000. You probably already know this. Point is here you can sell 25000 online and at the close it was a whopping 58.11p bid and I tested the buy limit and every single one was NT to buy even a tiny £100's worth, real squeeze which has been going on since it got back above 50p. My bigger holding is MEN so naturally I want this to do well so hopefully MEN will follow but investment stocks never trade anywhere near NAV value but there is still a gap to fill there especially when it's Atom holding alone is worth close to 40p now and they sit 25p bid
How where do you see the depth of the market
Honestly test the limits here they are sensational. 55-60p...can now sell for 58.11p for size and cannot even get a quote for £100's worth to buy even though 3 mm's sit at 60p offer 3000 each. Got to be a buyer order
When building starts it will be 19 months for precommissioning and testing, if that's any help
No stock NT at 60p. All the mm's are holding out at 55-60p but it will have to give soon
Lots of 1666 buys or £1000. Weird they all sit there 55-60p when it's 57.9p bid online and full 60p offer online
Great bowl forming, 80p target price in time, great 4 those that bought in on lows
55-60p, mm's 59.95p no discount at all online on a wide spread. 57.16p bid
Atom looks really good online 55-58.5p on the monitor. There is 5000 max online available and that is at 58.5p full offer and bidding over 57p, any support and it's off
That is kind of interesting, so some brokers do have a near term target of £3 for atome that's worth £30 million to men. That would be some rerating for them.
Reading the Advfn thread that might apply to another investment they hold.
Piperpeter9 Mar '24 - 22:46 - 97 of 100
0 2 0
PUGUGLY.
You need to check out the RNS 5 Sept. 2023 to be up-to-date, "Proposed Sale of President Energy Holdings UK Ltd".
"The sale will enable MEN to be free of approximately US$33 million of third party debt which sits in the Argentine Company. This will leave the only remaining financial debt in MEN as a long-term and interest free loan currently standing at US$12.1 million, with a maturity date end of December 2025 and capable of extension if the parties agree".
At the time of this RNS (5 Sept. '23), basically the Company (MEN) owed to Peter Levine US$12.1 million (interest free!), and the Argentine Company (owned by President Energy Holdings UK Ltd, and basically now owned by Peter Levine) owed to MEN US$13 million plus interest.
The balance being that MEN were actually owed more than it owed (approx. US$1 million).
This money (US$13 million plus interest) is now being repaid back to MEN, as you will see from the very recent RNS's (US$1.28 million having been received by MEN over the last few months).
As chris cat has pointed out on the trader's thread, what is owed and what is owing pretty much cancel each other out, meaning that MEN is, on balance, currently net debt free.
Hope this helps.
Pp.
Please correct me if I am wrong but does PL not have a call on the Atome shares against monies owed in loans by MEN?
I suspect and the data suggests that at the very best US rates are might come down .25 possibly at the end of the year . They will not wait that long.
Good point kld1. Suspect this will rocket if the economics are as good as we hope. Seems like a frustrating environment to raise funding, waiting a few months could make a huge difference with %rates if inflation comes down.
Sure be more placings along line 4 them participate in.
There is hardly enough of a free float for major investors to participate LORDWM.
Although the whole MEN /PL holding does come to mind
the whole placement and timing smells somewhat. do current investors get to take advantage of eis x (twitter) says those who participated in last fund raise. if you bought in the open market after the fund raise what's the score?.
correct me if i am wrong but to build out these 3 projects is close to 1 billion $$$, there is a cap on annual investment for eis which quite frankly is a **** in the wind in relation to monies required.
so eis and project finance don't seem to me to add up. the company has enough money to get to fid, if successful stock should be worth £1.50 + a new fund raise at some point to add working capital say 5m will happen to see out the 3 build outs.
As Lord says aimed at more high net worth individuals, claim u tax back.
I suspect Atome will be on a list of stocks of interest for high net worth individuals, may be recommended by their advisors. Suspect we need the FID/project finance and offtake details first, but this could contribute to make the SP move very fast when the economics become clearer.
Widens amount investors 4 company, encorouge more investors, claim tax back of up million pounds invested, that's my understanding.
I have to confess I do not fully understand the potential consequences of this anyone have an idea of why the company has applied for this. As I understand the company is fully funded to FID with project finance looking achievable with no need for stock dilution any accountants out there?
Last post: steven49, 12 Mar 2024 13:07
Back above placing level
Sorry I meant interest in the stock, my bad, poor wording. But yes good points too!
I think the reason there is massive interest in the financing is not because it's a green company or the demand of the fertiliser it's the carbon credits that they will generate which alone is currently worth $50 million dollars a year!!... and this will be in more demand in the future.
Interest definitely increasing. ADV last ~1M is c. 150k shares, and ADV last ~3M/6M is c. 70k shares. Problem is the equity market will never give credit to companies like this until there is strong evidence of imminent cash flow generation. But it seems we are close, I am long.