Member Info for Amtech

Wow it’s flying so high I can hardly see it.

Not wrong at all, I only ever mentioned that the company needs to raise $50m, guess what that’s still the case.

The Group successfully concluded a US$ 27.8 million equity raise in June 2021 which prevented an event of default on its loan facilities. Under these facilities, the Group is required to raise a further US$ 50 million of equity by the end of 2022 or issue 87.6 million warrants entitling the Group's banks to acquire 132 million shares, or 11.5% of the share capital of the Company, for a total consideration of GBP £7.9 million, or 6.0 pence per share.



The Group is exploring the various contractual options available per the current bank terms to take place by the end of 2022. As disclosed, the two options available are the raise of US$ 50 million equity or the issuance of 87.6 million warrants giving potential rights to 132 million shares if exercised, which would result in cash proceeds to the Company of £ 7.9 million. As at 31 December 2021, neither of the two contractual scenarios had been ruled out. The Board however consider the issuance of warrants to have a slightly higher chance of occurrence.

Thought you’ve have had the RNS by now, must be saving it for that dreaded Friday RNS. That or they are waiting for the ink to dry on the $50m cash raise.

Nm

Well this is what they are working on from the 8th of Feb

Ø Environmental compliance: To ensure compliance with environmental criteria, the team in Tanzania have installed several instruments for monitoring weather conditions and surface water events. The resultant data will be used in various environmental monitoring studies.

Ø Geotechnical studies: These are now underway, as the team has identified the location of several geotechnical holes. Currently, a bulldozer is being mobilized to site to commence clearing the pads.

Ø Ground water monitoring: This dovetails in with the completion of the geotechnical pads, as boreholes for ground water monitoring have already been identified. The next phase is to complete clearing the drill-pads so that once the environmental studies are completed, the ground water monitoring boreholes can be drilled.

Ø Early Works Development Program: The ongoing work program is focused on planning the early works construction phase of the project development, to allow for a faster development time as funding is secured.

Ø Project economics and free carry interest: A local private consultancy, Above Ground Advisory, has been engaged to initiate talks with the Tanzanian government to progress the economics and free carried interest of the Mahenge Liandu Project.

FY results this month I presume so I’d expect most of that to be done if not all.

Yup, you saw the ruse Steve-d, news news news to get the warrants exercised, didn’t work so they raised fast and used a £250k investment in a company struggling to make ends meet as an excuse. Mmmmmmmm, these next results/news need to be banging not just a dangling carrot again.

The blokes living in the clouds, he must of bought a Zeppelin after all.

I’d say more like disgusting

This mine will get built I agree, whether the bod want to do that or sell out beforehand is the real question. Graphite in high demand yet this company seem to have mothballed it, what are they not telling us. Things take time in Africa and in the resource world but they seem to be dragging this out for way too long now.

Could get some in the 2’s again soon at this rate

Well I’m out, took the hit on the punt, so I’ll find somewhere else to place the salvaged funds. See if I can recover what I lost on it over the next decade elsewhere :) The race is on to beat whatever this company turns into, maybe they could look into Zeppelins. F donuts

It could be a ‘maybe get something back’ if you vote YES but a ‘get nothing back’ if you vote NO, short and curly’s springs to mind. Let’s face it barring another Russian (who decided on this one?) who’s going to offer any more? Sanctions will be there for a long while and this war isn’t going to stop any time soon if at all. The majority of the western world are pulling out of the country and having no dealings with it so how can AMC continue with thus asset?

Money banked though Pumpky and in these markets I’m taking smaller percentages than that when I’m lucky enough to do so. Long term holds always get shot to s…

Results this week innit ?

Guess this is the recent warrants getting washed through, results this month so should get some info on whether they bought some lube to get their fingers out their …….,

If the raise the $50m

Sorry over 4x

Latest punt a car crash over their, made plenty on the licence news years back not to worry about it so you don’t need to either.

Don’t forget about the debt which is over 5x the Mcap, what’s the covenant headroom on that Mcatee ?

…… has over 100 years of experience and this is all they could come up with. Guess the NKVD must have paid them a visit with their sharpened umbrellas at the ready, it’s the only viable reason.