Member Info for chromo

AimInvesting - you're an absolute mug. You've been saying assay results imminents for about six weeks now. Pipe down and stop clogging up the forum with absolute junk.

This next fortnight promises to be a very big one for ATOME.

IDB Invest Board decide tomorrow whether or not to approve their $170m debt investment in Villeta. I personally feel the writing is on the wall with EIB, IFC, GFC and FMO all already approved. I expect an RNS on Thursday (possibly Wednesday but time zones might make that tricky) announcing IDB approval, then early next week we will get the update on equity club composition.

We already know IFC are participating in the equity side. I suspect a few of the other institutions might also make up some of the equity, and I also wouldn’t surprised if Yara themselves contributed something to signal skin in the game. They talked a lot about a ‘strategic partnership’ when announcing the definitive offtake and this would be a step towards giving them some control over Villeta’s progress.

I also noticed on LinkedIn that an analyst from Impact Fund Denmark was quite active in liking ATOME’s posts. I think they could also be a small-medium investor in the equity club.

My prediction is that the SP will be in the 70-90p region by the end of the next two weeks if ATOME can give the market comfort over IDB involvement and completion of the equity club. Once FID is announced, this thing should fly well north of £1 and we won’t be looking back.

Good luck all long term investors on here. I think our near term future looks very bright indeed.

As frustrating as this SP level is, I actually think this might work in our favour (as retail investors). ATOME are definitely considering whether to participate in the equity club themselves (over and above their 20% free carry) but if the SP remains low, this would be highly dilutive and uneconomical, so they would be far wiser to opt for the external equity offers and save the dilution for funding the next projects in the pipeline.

Board approval for IDB Invest is still showing as next Tuesday - I also emailed the FMO and they confirmed that the ATOME investment is approved on their side, with the investment in contracting (and likely waiting for the IDB Invest decision). IDB Invest are now the last piece in the jigsaw - FMO, EIB, IFC, and GCF are all now approved in principle, and Olivier said way back in the summer that they had already identified the remaining equity club providers, so now it's just a case of piecing all their options together in a way that balances the financial costs vs. the expertise and partnership benefit.

I am incredibly confident that this will get over the line, and I am very excited for the next fortnight. Our fortunes are very close to being realised.

My buy of £5.6k at 15:40:37 is showing as a sell (it's not)...

Big things are coming in the next month: https://www.linkedin.com/posts/johnfriz_it-takes-a-village-after-many-months-of-activity-7391501646637469696-Q21i?utm_source=share&utm_medium=member_desktop&rcm=ACoAABPtdw8BBZCCfOmAivSDHCZnZmgw2RSMxiM

Don't wet the bed, boys and girls

IDB Invest board decision due next week as well - I think i'm right in saying the FMO has already approved their funding so once IDB are done that should be the debt package all sorted and decisions around composition, debt vs. equity %s etc. can start to be finalised. This thing should start powering towards FID very soon.

I'll be using this as an opportunity to load up some more.

I honestly can't get my head around how this company is being valued by the market.

The market cap is currently lower than it was 1-2 years ago and yet we have a definitive offtake agreement, a signed EPC contract, and multiple leading international institutions formally on board for both debt and equity. Yes, there are still funding gaps that need to be closed, but everything is essentially nailed on.

To do some maths, ATOME's free carry is valued at $60m (£45.5m), which is 40% higher than ATOME's current market cap. There is then also ATOME Power, Yguazu, and Costa Rica at play. At a minimum, this should be sat at around 85-90p today, and once FID is announced, it should jump into the £1.50-2 territory.

Hopefully it's not too much longer before the big market players realise how undervalued this is and the money start snowballing in.

It’s 08:14 man!!! Give it time.

At least I was right about the RNS!

Happy to admit I was wrong! Clearly this IFC approval has gone under the radar of those who put the big buy orders in …

Writing this at 16:43..... Keep an eye out on the day trades (50 currently reported). I suspect we'll see between 2-4 large delayed buys come through before about 17:30 this evening. Hopefully an RNS in the morning from ATOME re the IFC approval, and this thing should be heading into the 70s or 80s by end of week.

I've been quietly invested in this one for a while and I'll be holding for a long while yet. Like many AIM shares, this has been a hot target for the pumpers and dumpers - good luck to them is all I'll say. They can sell all their shares for a measly profit if they wish. This thing will eventually rerate to what it's actually worth, you just have to be patient. Alludium launch is days or weeks away.

A re-rate on this is LONG overdue. The SP was 65p in June; since then we've had:

(1) EIB and GCF concessional finance CONFIRMED

(2) DEFINITIVE offtake signed with Yara

(3) IFC debt and equity package APPROVED

It is absolutely bonkers just how far away we are from the average SP target of c. 170p

I just did a dummy trade on my AJ Bell account and they are quoting 65p for a sell. Not sure who the MM is that still has this pinned at 63p but this will turn blue very shortly.

Billy3 - I expect we will see many more delayed trades being reported today and tomorrow.

The IFC website has been updated to show ‘pending signing’. A quick google suggests this means it was approved by the IFC Board but the agreement needs to be signed (I.e. FID).

I see this as absolutely incredible news. Why haven’t ATOME RNS’d this though???

People seriously need to stop with this Hole 3 conspiracy garbage. Maybe just take a back seat and have a nice cup of tea from your ‘day trader’ mug that your family bought you for Christmas. Leave the actual work to the experts.

Totally fair comment, but we aren’t at the end of October yet … let’s see how this week goes first before we start kicking off.

Nice to see a steady stream of buys flowing in on Friday and this morning. All things leaning towards this being primed for a big blue run.

Gentle reminder that the IFC are due to go to Board TOMORROW (28th). Given the time differences, I'd hope we'd see an RNS on Wednesday morning or Thursday latest. Judging by the latest disclosure on their website, it looks like IFC are going to provide a further $25m debt (beyond the $50m pledged by their GCF) and also $25m of equity.

GLA and here's to a good week.

Excellent summary, Arch! Couldn't have put it better myself. This is all on the initial assay results over the coming weeks and months. Daily price fluctuations mean nothing to me because if good news arrives, this things will shoot up. Very frustrating this forum is filled with day traders looking to make a short profit three weeks ago and now flooding us with assay delay conspiracies

People really don't understand how exploration works, and it really shows.

Anyone who says 'they're only drilling more holes because the Hole 1 results were bad' is getting filtered forever. Absolute donuts.

REPEAT AFTER ME: THE RESULTS ARE NOT AVAILABLE YET.