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News Due Soon
Alliance News: Amala Foods PLC - Jersey-based food technology firm formerly known as BigDish - Says sales and purchase agreement for transaction with Terra Rara UK Ltd will be executed "in the near term". This follows previous announcements that it will repurpose its public listing with the acquisition of Terra Rara, a rare earth elements company.
Amala also notes recent progress by Terra Rara's Uganda subsidiary with exploration licenses, which were granted for over 330 square kilometres of "highly prospective" ionic clay rare earth elements mineralisation.
"As we close out the due diligence period, Amala Foods anticipates being in a position within the very near future of signing the sales and purchase agreement to acquire the entire issued share capital of Terra Rara UK Ltd and a complete rebirth of the listed vehicle. I am confident that following solid expressions of interest of finance provision in bringing this opportunity to fruition that shareholders in the company stand on the cusp of a new and exciting beginning," says Amala Director Aidan Bishop.
Amala foods,right place,right time.
https://londonlovesbusiness.com/two-upcoming-ipos-all-green-investors-should-be-watching-out-for/
Meat replacement companies likely to go public in 2022
Impossible Foods is developing the latest generation of alternative (artificial) meats and plant-based cheeses. The company carefully selects specific proteins and biologically significant elements from greens, seeds, and grains. Through these efforts and combinations, meat and dairy alternatives are faithfully produced.
The Californian based company’s main aim is to combine the pleasure of food with the safety of that same food for both human health and the environment by eliminating animals from the production chain. Impossible Foods has raised a total of £1.6 billion in funding, with the last round of investment coming in November 2021, when Mirae Asset Global Investments invested £381.7 million in the project.
Huel specialises in complete plant-based food substitutes in the form of powders, drinks, snacks, and more. The Hertfordshire-based company has expanded internationally, including in continental Europe, the US, and Japan. The company has an estimated market capitalisation of £1 billion.
As the intensity of the fight against climate change increases, so does the potential and popularity of companies who aim to reduce or offset the harmful effects of human activity. Analysts have praised the producers of meat substitute products and are upbeat about its prospects for the next ten years. Bloomberg suggested that the global plant protein market will grow to £123bn by 2030. Sales of plant-based meat and fish alternatives could account for 5% of the total meat and fish market as early as 2030.
Something appears to be happening. Just checked filing history on companies house and Terra Rara have been transferring shares around on the 29th March.
It’s a great shame that this company isn’t shown on the risers list . It would attract more buyers for sure , this is totally under the radar ! I only found out by a tip off on the Eua board , I can’t remember Which named poster
2.5 mill buy printed after 10. Spread also very high. MMs want sellers to fill order.
Hopefully news next week- certainly looks positive today. Quite difficult to buy any.
Has news leaked ? Very steady buying this morning ! Let’s hope it’s great news ! GLA
News ‘VERY SOON’ means sit back relax and wait for it to pop!
might be another week but it’ll come, and when it does you wouldn’t wanna be out.
Seller cleared! Onwards and upwards
Nt to buy small amounts
They’ll probably start buying again now it’s down lol
LOL Align sell out on a high yesterday and we are down today.
Don't know if it's been widely spotted yet but Aiden Bishop is also a director of Bluebird... all the other directors are mining industry veterans and it's them, I suspect, who are driving this. ( https://bluebirdmv.com/corporate/ )
The Company has executed an updated term sheet with improved terms that is subject to the execution of a definitive agreement. The terms set out in the term sheet will provide current shareholders with 30% of the enlarged Company . Based on the current number of outstanding shares and the new FCA requirement of a minimum market capitalisation of GBP30 million for new listings that came into force on 3 December 2021, if successful, this provides a " see through " valuation of approximately 2p per share. The Company can confirm that it is also working with known funding partners who have committed, subject to satisfactory due diligence, to provide the funding for the transaction, at the valuation above, in sync with Terra Rara vendors.
On the 16th March they said "very near" so can't be far away.
As we close out the due diligence period, Amala Foods anticipates being in a position within the very near future of signing the SPA to acquire the entire issued share capital of Terra Rara UK Ltd and a complete rebirth of the listed vehicle.
Aren't Align just like two blokes in a shed in North Yorkshire past the back of beyond where one looks like to me he's hidden the other guys girlfriend in a basement and promises to release her and/or give him kibbles if he churns out research for eternity?
I imagine on the day they said they hadn't sold any, they were on a "staff" day out at Flamingoland repeatedly experiencing the thrills of the dragon rollercoaster and calling at the Queens Head for a luxury Cantonese on the way home, in a big dish.
As for my quick review of this company well either its a total shed show and they will do owt for a quick buck or their underwhelming foray into faddy plant based foods has handed them the keys to an amazing RRE district. Hard to know which without drilling deeper.
Interesting tweet back on Mar 6th from Align ...
https://twitter.com/AlignResearch/status/1500407909330694144
I guess there's a lot of potential to fly from here, just wonder why align would be selling out if they are on or close to the inside
Current Mcap only 1.9m
At 2p we are about 8m Mcap
USA news due: Mcap + 15m ????
Amala Foods PLC - Jersey-based food technology firm formerly known as BigDish - Says it is preparing to distribute its plant-based food products in the US and it is in talks for the acquisition of a rare earths exploration company in Africa. Amala says is undergoing a regulatory process to allow its products to be distributed in the US. "Should this be successful, management expects this to be a major market opportunity for the company," Amala notes.
Good news Seller out!
MM's rush out to show yesterdays BIG sells to entice retail sellers! By the book!
2p soon!
"As we close out the due diligence period, Amala Foods anticipates being in a position within the very near future of signing the sales and purchase agreement to acquire the entire issued share capital of Terra Rara UK Ltd and a complete rebirth of the listed vehicle. I am confident that following solid expressions of interest of finance provision in bringing this opportunity to fruition that shareholders in the company stand on the cusp of a new and exciting beginning," says Amala Director Aidan Bishop.
MMs knew seller was about and kept this down. Seller out now and hopefully will not disrupt the buys with sells.
End of financial year too. They needed to sell out before 1st April. Hopefully we should now see the rise
It's a bit worrying to see them sell out entirely as it does add weight to the idea the takeover talks were to help them sell out. Will be interested to see if it actually happens
Glad they are out - particularly after saying a week or so back they were not selling any lol. It’s free to rise now without them dumping.
Tr1 rns out Align have sold out.
Align Research Out