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Bunsen - if it goes that high I'll be paying off my mortgage!!

Now is probably a good time to remind everyone that Longspur's mid-target for this is 175p and SP Angel have it at 170p. This has the potential to do 3.5x multiples from the current SP and I have a feeling that the terms ATOME have negotiated on the debt package, as well as the pricing structures within the offtake agreement, will be better than what the market has in mind.

An early Christmas present would be bluddy luvly.

Peter certainly looked on good terms with President Pena. There's a photo of them hugging - maybe you're right and there's a lot to celebrate!!

Nice to see some confidence returning to this. Next week is probably the last week for any significant news before EOY. If we don't hear anything, I suspect FID will be pushed into 2026.

The President of Paraguay has tweeted and posted on Instagram about a meeting with PL and the CEO of Yara this week. That doesn't happen if there's concerns about whether this is getting over the line or not.

Wish I had more spare free cash in my various ISAs to load up more at this SP level.

Patience is a virtue ...

https://www.instagram.com/p/DSF1qvuE2l2/

See messages below Bostonboy - could well be Stifel who are offloading their UK equities after a restructure of their business. I wouldn't worry about it too much.

Thanks for looking Billy. A large spread indeed!

I’ve decided to come to terms that this isn’t going to move much in the very near term so there’s not much point checking the daily RNS alerts at 7am now until the New Year.

I really don’t see the big multinationals signing anything in the month of December. Christmas will come in early 2026 - I hope!

Thanks Billy - appreciate that! Have a nice weekend

Does anyone on here have L2 access and can see the order book? I have seen multiple reports online suggesting that Stifel are closing their UK equities business and are offloading a lot of AIM companies as a result. This might partly explain the recent SP action for ATOME, given Stifel are a joint broker for the company.

Would be good to know what their current position is and how much they have left before it's cleared. If we have been impacted, hopefully their clearing should mean this starts to recover in the near-term.

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Totally agree re the lack of a professional here; however, the wider management have to take some responsibility too. Olivier is ex-IFC so I don't really buy this narrative which is along the lines of 'don't blame us, these elephant multinational institutions are the ones holding us up and causing us to miss our targets'. Olivier should have known this would happen yet has continued to dig a hole...

If we take 2025 alone, he said in January that FID would be by end H1. Towards end H1 he then said it would be a busy summer with everyone on holidays so it would be September. Then in September he said it'll be by end of 2025. And now, we're realistically looking at more slippage into 2026.

As others have said here, I think we can all be pretty confident that FID is going to happen. The only question now is 'when?'.

Time to kick back, dig out the Christmas tree, and keep occupied. Hopefully one day I'll wake up and find my portfolio several times larger than it is today.

Good luck everyone

I very much appreciate the ATOME management taking the time to update the market on progress and provide clarity over the timelines. I had made it clear to them this was causing confusion and concern.

Now let’s hope we can move onwards and upwards!

Very pleased to see the start of a recovery today. We are still a LONG way away from where this should be really be, though. If FID gets announced before end of the year I wouldn’t be surprised to see this at least double.

That FID and construction are still targeted for the end of this year. Also to provide the market that equity club discussions are progressing. The omission of those two things is what I suspect has triggered this massive SP drop.

Not as bad as ATOME’s head of investor relations. Has anyone who messaged them even had a response?

I believe FMO have already approved. See below their response to me a few weeks ago:

“Ex-ante disclosures are published upon approval of the Financial Proposal. It is then put online for 60 days to give stakeholders a chance to send in their comments. After the time passes, the investment will be contracted. As you can see, the status of ATOME PLC is 'in contracting phase', which means that the decision to invest has been taken and the disclosure time has passed. Once the transaction has been contracted, the status changes to 'approved investment'.”

I suspect all that remains is to finalise the debt contracts and get the respective institutions to sign. The SP has likely tanked because there is a lot of nervousness around the equity side. ATOME made no mention of it in the last RNS and the disappearance of an end of year FID target has probably spooked everyone. My fear is they have struggled to raise the necessary funds and may now have to do a raise at an even lower SP than before which would dilute us retail shareholders more than a weak cup of ribena.

13,546 comments of absolute sh**e

Urgh I’m so done with this company. Management are a bunch of jokers.