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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.

Maybe the BOD are buying:

Three Directors have advised that they intend to subscribe for £35,000 of stock at the market price once in an open period for trading

1.5 million buy printed now. Peeps loading up

We have had lots of sells when the price has been over 8p recently. Looks like some/many may have been converted already. The other issue is many peeps have been buying after reading / not reading on to whats coming up soon with this share. Many peeps are loading up as this share is too cheap at the moment from what is to come in the future and getting in now. DYOR. GLA

Good Rns. Looks like some/they may have been converted already. More news to come.

Rns Out

Amala Foods Plc (LON: DISH) is pleased to update the market as progress is made towards the execution of a Sale and Purchase Agreement (SPA), a transaction with Terra Rara UK Ltd that was first announced on 17 February 2022. The Company expects to execute the SPA in the near term.

Aidan Bishop, Director, Amala Foods Plc, commented:

"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. 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".

MMs got shares on the cheap today. Unnecessary drop. More buys then sells. You only lose if you sell. Hopefully will be over 9p tomorrow.

(Alliance News) - Quantum Blockchain Technologies PLC has discovered a new bitcoin mining algorithm that is promising enough to file a patent application.

The London-based cryptocurrency researcher and investor said testing of the new algorithm is set to kick off soon.

"The use of [artificial intelligence] techniques (mainly machine learning) to speed up the successful mining of [bitcoin], has been studied by the R&D team. As part of the testing process, these techniques have been partially applied across different levels of the entire [bitcoin] mining process. As soon as quantitative results are available the company will build prototype," Quantum explained.

Quantum also said that its IT infrastructure is now fully operational.

Quantum will provide the results of these tests once testing has been completed.

Chair & Chief Executive Francesco Gardin said: "We are also conducting internal and independent performance measures to help us assess mining speed and energy consumption within the ASIC line of research, which is now at the simulation stage. Based on data we have recorded to date, we expect to see a higher performance than originally estimated; this is mainly due to the optimisations which will be included in the second patent application, based on the work of our cryptography expert and the coding techniques implemented."

ASIC is a bitcoin mining device that has high power consumption. It stands for application-specific integrated circuit.

Many peeps selling out on the cheap. News drops tomorrow and will be paying over 3p. You only lose if you sell.

420000 buy printed. MMs filling order. Peeps selling out on the cheap.

Hold on. More buys then sells today and MMS trying to take it down. 1 mill buy yesterday and many yesterday and today over 9p. Dyor. Gla

Year High gone today. Hopefully more highs to come. GLA

Each peeps can make their own minds with their own research. Its their money they are playing with not mine. GLA

From CEO:

("We now need to let the drill bit do the talking! We look forward to providing our shareholders with further updates as we get even closer to spudding the (exciting) Jade well.")

NT to buy, Can only sell. Hold on to your tickets. 1 mill buy today and other buys at 9p. DYOR

Empyrean CEO, Tom Kelly, stated:

"After nearly 6 years of early stage exploration, including modern 3D seismic and rigorous geological studies we are finally ready to drill the exciting Jade well. We are literally weeks away from testing the 225-395 mmbbl light oil target at Jade. In terms of impact - and by that I mean the potential impact a discovery, within the 225-395 mmbbl range, would have in the success case upon our current market capitalisation - Jade is one of the most exciting wells to be drilled globally in 2022. The challenges that have been overcome in order to get to this stage and be ready to drill are many and this achievement is a credit to Empyrean's small team and a great reflection of the excellent teamwork, expertise, professionalism and cooperation carried out between the Company, its partner CNOOC, and its technical service providers CNOOC EnerTech and COSL. We are particularly appreciative of CNOOC facilitating a rig slot for Empyrean to drill Jade using the NH9 rig. Every effort and precaution is being taken to drill the Jade well safely. We now need to let the drill bit do the talking! We look forward to providing our shareholders with further updates as we get even closer to spudding the exciting Jade well."

9.70 Paid.

FairAnalyst - Goodbye and god bless for your views.

Bought more. Gla

One MMS waiting on 10