Member Info for chromo

40m buys reported after hours! Something HOT must be cooking in the kitchen

I sincerely hope Olivier wrote that LI post whilst he was waiting at the airport for a flight to Norway or Switzerland to sign this Yara offtake agreement. It's been 'near final' for weeks now and the equity club composition announcement is also pending - likely can't be announced until the agreement is signed and sealed. Hopefully not long now ... I'm convinced this will breach at least 80p when the offtake agreement is confirmed as it's a huge de-risking event.

Couldn't agree more Jersey. You don't throw £800k at something if you think it's going nowhere. This is just a case of patience now imo. I am fully expecting to wake up one morning and see a lot more 000s in the portfolio balance.

They are being paid instalments by Hy24 until FID and they also announced £4m facility from Peter Levine. So no fundraiser for working cash in my opinion. Whether they join the equity club and need to fundraise for that though is another question.

In the Proactive presentation at around 21.30, Olivier said "we have the option of our existing 20% but obviously the ability to invest into the project to have a higher percentage, if we wish to do so". Earlier in the presentation he said "we have already identified who they (the equity providers) are, and we will make announcements in the coming weeks about the make up of the club".

In my mind, if the equity club is identified and complete, you don't still talk about the option of taking additional equity if you aren't intending on doing it.

The only way ATOME can reasonably fund any additional share of the project's equity component (some of which will be need for the time FID comes around in September) is by doing a fund raise. They are so short on cash they have had to put a £4m facility in place from Peter Levine.

These are of course entirely my opinions and based on my own research. I will be very happy if I'm wrong, but this is my main fear (which I did post about months ago).

I just watched Olivier’s presentation at the Proactive One2One investor event last week. Reading between the lines of his answers regarding funding, I am now almost certain that ATOME is about to announce a fairly significant fundraise to participate in the equity club and increase their share in the project beyond the 20% free carry they already hold.

The question for me is no longer if but how much. I really hope they exercise caution and don’t overcommit to the equity club, instead leaving the majority of participation to other parties. At the current share price, any sizeable fundraise would be hugely dilutive and could have a significant negative impact on the fair value of the shares.

I'm very excited to see what the next few weeks bring, but also very nervous.

Some pretty big orders in early trading this morning - they look like buys based on the strike prices. Really positive direction ... long may it continue!

“Our strong financial backing and definitive offtake agreements position us to capture the significant value creation opportunities in the rapidly expanding global green fertiliser and power markets”

So have they signed a definitive Yara offtake then? This suggests so but it’s not clear to me and it certainly doesn’t say it elsewhere. Every other reference is still to Heads of Terms.

Thanks for the very helpful summary, LordWM. Did Olivier mention timeline for signing the definitive offtake with Yara (a major de-risk event for FID)? And did he mention anything about ATOME participating in the equity club?

I'm very pleased to see the SP trending back towards the 50p level. I have been invested in this one for about 12 months and strongly believe it has long-term potential. Once they get the Stereax revenues rolling in and Goliath prototypes into partners' hands for evaluation and testing, this thing will only head in one direction. 2026 looks poised to be a very good year indeed.

You’re welcome to buy all of them from me for fair market value which is what these should be if management could deliver what they promised?

Was fully expecting an announcement this morning ahead of tonight’s presentation confirming that the definitive Yara offtake has been signed. Was hoping there would be an update on the equity club completion also.

I will reserve judgement until we see what Olivier has to say at tonight’s Proactive presentation, but I’m starting to lose all faith in this company’s management to deliver.

Why continually promise deadlines to investors when you fail to meet them time and time again?

Wouldn’t be surprised to see the SP start dropping heavily again once the remainder of the market also loses faith.

I have every expectation that Olivier is going to turn up to this presentation announced for next week with a signed Yara offtake agreement. I also expect an announcement regarding the either final or near-final equity club formation. Both of these were advised to be completed by end June and there has been nothing to suggest this is going to be missed.

I will be enormously disappointed in this company and its management if they miss yet another deadline. They are on the verge of losing all credibility if they fail to deliver yet again.

Stop talking to yourself and clogging up the forum!!!

Just bought 3,476,087 shares @ 0.23 - should see it come through on the trades below shortly. I was in this months ago at 0.10 but sold out as I got impatient. What a bad decision that was!!

What is everyone’s prediction for the SP when they announce FID (targeted before end Q2)? I’m not referring to the full financial close which was suggested to be delayed until end September

Do some research before you come here and splurt a load of waffle, pal.

My prediction ... Yara offtake agreement has just been signed and there's an RNS coming on Monday. We've had almost no volume for the whole of this week and then it's blown up today.

The two best investments in the world right now: ATOME and shorting Tesla hehehe

Are they resurfacing all the positive ESG credentials so they’re top of the social media sites just before they announce some positive news? Maybe I’m being a little too optimistic but I am confident a final signed Yara offtake agreement is going to be announced in the next week or two.

Slightly disappointing end to the week after that strong upwards run. If ATOME management can get Yara’s ink on that final contact and confirm the equity club is fully funded, this is going to boom far more than what we’ve enjoyed this week.

See you all soon for hopefully some more long deserved fun!! 😎

Chromo