Atome Plc Share Price (ATOM)

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 !

Https://www.atomeplc.com/peel-hunt-podcast-atome-a-pioneering-producer-of-green-fertiliser-interview-with-olivier-mussat-ceo/

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.