Member Info for dougb189

Friday 8th September & there was 95M shares traded.

There was previously only 36M shares in circulation.

50.65% of which were previously held by the top holders.

An additional c.40M traded on Monday, then c.20M on Tuesday.

All from a free float of c.18M shares ?!

Which perhaps explains why there has been no TR1 ?

Without any further information from the board, then sadly real_talk., that’s the current belief.

30% on a P&D so it could see them pick up c.£500k which aint too shabby for a month’s work. For those that suffer from LMF.

* (guessing they have already dumped c.50%?)

ie. 50% of the total 125M shares has perhaps already gone?

The RNS that investors have been waiting 2 weeks for , was of a TR1.

‘Equity investor’ acquired 25% of the company several weeks ago.

Yet there has been NO notification for a holding that exceeds >3%.

So, is there a P&D for the alleged ‘equity investor’s’ holdings (guessing they have already dumped c.50%?)

I think I’ll now just take a back seat on the retail offer.

Without any details of who is involved then the market will stay spooked.

Retail could be correct in thinking that a cheap hedge fund was hoping to make a killing on this month’s purchase of £2M shares having set up the market to believe there was also an additional strategic investment arriving next month.

The appearance of there being shares forward sold , backed up by the FCA having to then suspend trading, could simply be down to one or more MM’s forward selling.

But the equity investor just being guilty by association, will have created doubt on the market, until some names are released. Confidence in the board doing this ?!

#ORCA’s metrics could perhaps be applied to P2478 Dunrobin:

Mystery buyer acquired 81.25% stake in an estimated ‘proven & probable’ 78M bbl field 100 miles east of Aberdeen. ORCA pick up £2.6M + £2.4M with the new operator paying 100% of pre-first oil development costs. With oil flowing then ORCA pay 18.75% of costs. Previously estimated the cost to 1st oil at around £1B but with some scope for reductions.

So, £5M for c.14.6M bbls.

Dunrobin estimate from Feb.2023 CPR figures, to contain a mean 197M bbls. UPL 32% then c.64M bbls. Assuming a similar metric of operator 81.25% & 18.75% NOP, would give UPL c.12M bbls ($1.14B at today’s Brent $95). Not too shabby.

IF any farm-out deal was similar to the above metrics it would then see c.£4M lump sum till 1st oil, then 18.75% of costs + revenues. There is though a significant decrease in estimated costs for Dunrobin, at only 25 miles from the coast. Reabold’s report had then estimated Dunrobin initial exploration well for c.700mtrs at $10M & the total costs at £400M, via FPSO so less than half the above. Could maybe then see any operator with a lot smaller % of P2478 & the NOP’s then perhaps getting a raise in the above figures.

Nothing to get tooo excited about other than the North Sea appears to have not totally flat lined. And IF on the off-chance that Dunrobin’s assets are then exploited (eg. when UK is paying $120++ per imported bbl) is then quite a nice reserve to have in one’s pf.

Any significant investor, can always ask for a seat on the board & will often be taken on.

Anyone committed to a 71% holding, would be looking at implementing an NED.

Possible RNS ?

25% of the vote is now held by new equity investor (September).

They should then issue a TR1 having obtained 3%+

Could be something nice brewing, or it could be a ‘hedge fund’ P&D, or it could just simply be the broker/s f’n it all up (in tandem with the board’s performance).

Assuming that next month’s equity investor (October) is then committed to paying £2.5M for purchasing 147M shares, then your share offering at 1.7p would be a steal.

Further data would therefore be required.

Have any shares been forward sold ? And it is a possibility.

Which could tie in with the LSE Rule 1510 reaction, hence possibly stepping up & opting for an ‘orderly market’. There was on Friday 36M shares in circulation & there was then 95M traded that day. That could though possibly tie in with today’s retail culture of 10%’ers all just looking for a wee nibble, eg. is possible the average Pi, bought & sold, then bought & sold again (One doesn’t have to look too far to see that today’s average Pi, still thinks ‘the mc is only £800k’ & ‘there’s a £200M giga factory being built’ and so in all likelihood, are only looking as far as the next 10%).

Looking closer at Friday’s trades and there was a distinct lack of rounded number trades. Which perhaps again then suggests it was only10%’ers in a feeding frenzy.

But! As some have already pointed out, there is that possibility of the recent episode having been concocted in a hedge fund’s lab.

It is then doable that the £2M gets forward sold on nowt but rumours centred on next month’s proposed £2.5M commitment. The similarities in the ‘proposed’ October placing and the current placing, is imv slightly un-nerving.

Issuing a TR1 would put the latter to bed..

Good question Aklee,

my thinking was that they might then bring forward next month’s placing

At the previously agreed price.

Someone is keeping a closed lid on the identity of this week’s TR1 holder/s.

100% agree on Gordon’s summary of the BOD.

Fortunately though, that was 100% expected.

Will still be sat in their labs, chewing over using an extra teaspoon of salt or two.

Rule 1510. The Exchange may prohibit any trade or class of trades from being dealt on Exchange.

Guidance to Rule:

Examples of a regulatory suspension are:

• a suspension imposed by the competent authority or market operator for the venue of principal listing; or

• a suspension for orderly market reasons imposed by the Exchange.

Really cannot see why peeps are setting themselves. The LSE (a grey institution at best) has then stopped trading, to try maintain an orderly market.

Are AMTE bankrupt ? At least not yet, as still have £500k on offer from lender and in all likely hood have now picked up £200k this week for the 10% of this month’s placing shares.

Worst scenario, the equity investor/s have completed DD and are pulling out (they do still owe for yesterday’s 11M shares so c.£200k) but then the LSE would normally allow their brokers to short the hell out of it.

It does then perhaps suggest, that someone ‘above’ (read as ‘more reputable’) than the LSE is now calling the shots. That they want the sp retained as is, whilst purchasing this month’s 71% of the company and of acquiring their additional 147M shares at the previously agreed 1.7p price.

Smoke & mirrors, and you will then likely see the equity investor with c.90% holding.

Was looking decent.

The day trader posting false narratives of an mcap of only £800k will soon have peeps ditching when they realise the lack of decency in the ramps.

TR1 on Thursday or Friday ?

“..NOTICE. 11/09/2023 - 08:00. The London Stock Exchange admits the following securities to trading on AIM:

AMTE POWER PLC

11,879,770

ORDINARY SHARES OF 0.5P EACH, FULLY PAID..”

11.89M shares at 1.7p paid for by equity investor now admitted to the trading book.

AMTE current sell price 2.25p

No equity investor shares yet sold.

Chill Steve & look at the positives, if some darn fool wishes to create half a dozen new accounts in the space of as many hours, then it simply keeps him/her/it from causing disruption elsewhere.

It is rife throughout LSE which is perhaps why very few peeps now post anything constructive on there.

Any new interesting stocks will then quickly develop their own TG groups from where the nonsense can then be filtered out.

UPL’s TG groups create c.50 posts each day ? LSE barely averaged 1 post per day.

Best just chilling and allowing the LSE to do what it does, ie keeping the riff raff suitably employed.

Lol, so they will be brothers-in-arms..

They pick up 12M shares tomorrow (the max the company is allowed to issue until the shareholders vote on 25th).

The equity investor will then own c.25% of the company shares & so should put in a TR1 having exceeded the notification threshold of 3%.

Lol, but there is a wee bit grey area in the FCA guidelines in that IF a buyer of shares exceeded 3% holding they could delay notification IF they were still acquiring.

That’s nice thinking Dunc., is certainly blue-sky, out-of-the-box.

SSE have several ‘green’ tariffs for their 5 million+ customers.

And would easily be incorporated within their ESG responsibilities.

“.. During the course of its due diligence, the Potential Equity Investor has advised that it can, where suitable, introduce companies in which it has an equity interest to AMTE Power with the view to generating offtake agreements for sodium-ion battery cells. It would also provide similar introductions to other companies with which it has strategic relationships, where battery technology is currently being deployed at large scale in various industries, for example in renewable energy..”

Nice one bud.

Try develop at least some versatility Dunk., in your analysis as you are suggesting that AMTE’s technical kudos brings nothing to the table and that the game only changes depending on the ‘quality of the new investor’ ?

Ok, lets say (A) that the TR1 then shows Tesla or similar Tier 1 investor. Then yes its Whoopie.

But perhaps (B) the TR1 shows that Renaissance Capital pick up the 1st batch of 125M shares and that Thames Temese Management then pick up next month’s batch.. How then will the market react ?

How then do you perceive your ‘game-changer’ will be ?

The A solution will only ever come about if there is indeed something brewing in the AMTE lab whilst the B solution could possibly arise on nothing much stronger than arabica beans brewing in the hedge fund lab.

The market will generally react irrespective of the ‘quality of the new investor’ and will be focused on what the new investor brings to the table which may or may not be in conjunction with any AMTE developments.

I’m guessing bud, that if equity investor/s are prepared to spend a minimum of £2M up to a possible £4.5M to acquire c.90% of the company, that there is then something brewing. Either in the AMTE lab or the ‘hedge fund’ lab..