Member Info for dougb189

Last recorded data then showed that out of a total share base 36.38M, that 2 ii’s + 8 Pi’s held 50.65% of the shares. A free float recently of 18M shares c.49%

After the AGM later this month, an additional 125M shares will be added. Reducing the 18M shares free float to 11%.

Sometime after the AGM and IF the retail placing of 14M shares proceeds, then the free float should increase [18M + 14M] to 32M shares c.20% of the total available.

Should next month’s equity placing of 147M shares proceed, then the free float drops to c.10%

Should the warrants attached to next month’s placing proceed, then could perhaps possibly see a free float measured in single % figures…

Something is perhaps brewing in the lab ??

Chinese battery plant sets up shop in the middle of America.

https://www.bloomberg.com/news/articles/2023-09-08/illinois-uses-incentives-to-get-2-billion-chinese-battery-plant?leadSource=uverify%20wall

lol, so what are the odds on our equity investors being 3rd party vendors for asian interests??

Lol but yes indeed, that would be Very nice.

Recently banned from several regions in China on account of their car cameras being too good. In a similar vein to iphone now being banned from china.gov buildings.

Tesla struggling to move forward on an electrified HGV fleet, due to the super sized capacities needed inclusive of proposed 2 mega watt rechargers capable of recharging a HGV in 30 minutes.

Certainly has one then looking at any/all viable chemical compositions including perhaps sodium-ion cells. China’s recent restrictions on exporting raw materials perhaps influencing alternative developments.

Appears that the company then asked for additional funding and £2M was quickly raised. Conditionally. As Awaiting result of shareholders vote [the bookbuild only being applicable to the proposed 14M retail shares placing].

Does hint of fairly deep pockets, as there is still no guarantee that the company’s tech meets the DD that the prospective equity investor is currently looking into. Is this month’s additional funding then being used to forward tech developments to assist in the DD ?

Monday then sees an equity investor holding c.12M shares,

25% of 48M..

Late next week should then see the equity investor being named..

In a TR1.

Good points itsagame, and fairly brutal !

Does then suggest connections with Arena.

Artji, good argument but I believe that you are interpreting the initial points incorrectly, namely that ‘the support of existing & new shareholders’ is simply a common courtesy call, to existing Pi’s and the future equity investor/s.

The RNS clearly states that (1) the Equity Investor will likely implement (supplement) providing additional funds and that (2) it would also have sole discretion on who else could participate ie it either supplemented today’s additional funding or it knows who supplemented it. Which then supports the earlier thinking that this month’s equity investor & next month’s equity investor are closely tied.

(1) ‘..However the Equity Investor has indicated that, following its Proposed Subscription and at its own discretion, it intends to implement a financial solution for the Group, including providing for future funding requirements…

(2) … The Equity Investor would also have the sole discretion to allow the investment in the Company under the terms of the Initial Recapitalisation Plan to be extended to other investors..’

Will concede though you are highly probably correct in the next batch of placings being at 1.7p

Will also take note of HeresHoping argument that it might just be a ‘pump & dump’ but I’m strongly suspecting the motives behind acquiring 90% (inc.possible warrants) is to be in the driving seat, for any possible TO..

Andrew, as per HeresHoping summary, this month’s equity investor will pick up 125M shares & this will provide cash until next month’s DD is completed. It’s effectively written in stone, as next week the equity investor will then control a minimum of 25% of the votes. So the 25th September vote is then more or less 100% guaranteed.

Next month and several different directions can possibly arise.

A. the Potential Equity Investor could say no thank you & goodbye.

Which then leaves this month’s equity investor holding 125M shares, basically left holding c.71% of the company with few immediate future prospects. Quite a dire situation for today’s equity investor to commit £2.1M to, without having a back-up plan ?

B. the Potential Equity Investor could then say he’s committed.

An additional £2.5M is then made available ( There is though no confirmation that next month the shares will again be issued at 1.7p).

Situation A, therefore makes it extremely difficult for today’s equity investor to then unload 125M shares and is that I reckon Andrew is again wrong, in his suggesting that the equity investors acquired these shares to simply offload onto retail. Imv, is impossible: If the Pi’s were to see even a fraction of these new shares being consistently sold, they would just vacate & the seller would be left high & dry. This is simply not a viable trading model.

It therefore suggests that today’s equity investor & next month’s potential equity investor are one & the same, with a single aim of effectively chasing 80% to 90% of the company equity.

“.. Guess I'll get some serious abuse for this post but if next week/month/6 months prove me wrong you can all say I told you ….”

Lol, but I got most of those characters marked as day traders.

“2.3p by EOD” “2.5p by EOD” “3p by EOD”

Then kinda suggests that the only fool then, is the ones listening…

The first bit is correct, ie. the previous Equity Investor is now the Potential Equity Investor.

The second bit is not correct, ie. the Retail placing shares will not be issued on Monday.

The company is only allowed to issue x amount of shares.

Today’s equity investor of c.£2.1M for a proposed total of 124.47M shares will only receive 11.879M shares which will be issued on Monday.

The company will then ask the shareholders on the 25th September to give them authority to issue further shares and if successful, then the next morning, the remaining 112.596M shares will be issued.

Only after the shareholders have voted, will the company then have sufficient shares to issue to this month’s equity investor And* for the retail Pi’s 14.7M shares offer. So the retail offer will be sometime After the 26th. Hope that’s all clear bud ?!

It seems a wee bit strange that there will then be a further placing (to Pi’s) at the 1.7p price at some point after this month’s main placings. It effectively puts a ceiling on the free market dynamics. It comes across as poor financial planning (albeit unsurprisingly when looking at AMTE’s history) but that it does give a positive to the Pi, when considering that today’s equity investor is seemingly quite cool, with the prospect of additional shares for others at the bargain price of 1.7p

Strongly suspect, that today’s equity investor and next month’s Potential Equity Investor have a lot in common. Lol.

Lol, but not with Rishi.gov.com in charge.

Expect some more UK-India priorities first.

£0.5B hand-out to Tata was just the sweetener.

Interesting though that the equity investor (this month) picked up 125M shares

And that at today’s new price c.2p

the ‘strategic’ investor (next month’s proposed £2.5M)

will perhaps pick up 125M shares also..

c.£2.1M (September) + c.£2.5M (October)

for a total of 250M shares is quite a commitment.

“.. In the event of insolvency, shareholders will be wiped o….”

And yet we have an offer of additional £500k from Arena..

And an equity investor who has just splashed out c.£2M

And picked up 125M shares…

‘cash burn is £1M per month’ which somewhat contradicts with the RNS statements of 25 July (company then 2 to 3 days from folding) & when £500k was used from a £1M loan offer, and that today 7 weeks later, & there is still £500k of that loan offer available if required…

Placing of £2.1M then raised, which was not open to retail Pi’s.

Placing of £250k soon to be available. To retail Pi’s. Aka Saunders & others.

All of which then enables the initial equity investor to implement a strategy for going forward, estimated to be occurring October ‘ish.

The above funding provisionally covering up until November ‘ish.

highly technical staff but with zero commercial savvy hence unable to prioritise.

can imagine a room full of doctorates with a sum total of zero common sense.

the wolves have now arrived and as clearly stated were taking an 80% control of the stock.

bottom line is, the pi is only interested in what the equity fund is paying for their stake. overall and it’s a p!ss poor commitment c.£2m with alleged promises of ‘friend of a friend’s brother’s neighbour’s uncle knows someone in the battery market’, hence the pi has no interest in any technical ****, but rather wants to see what the ‘equity fund’ are expecting as a decent return on their c.£2m. would be very difficult to unload their 125m shares at any price, without a wee bit of substantiated feedback.

should the equity fund actually have inroads on the battery market, then could even see yesterdays shareholders with a return.

well worth a flutter imo.

Interesting figures :

trade @ 15:26 & a sell of 1M

the trade not reported till after 17:08

But that within 16 mins of the trade, a buy for 500,000

& later reported that the shorts had dropped from 60% to 50%.

Perhapssuggests that the MM’s have been misbehaving

And are now looking at vacating their positions…

Interesting foot note referencing PSC’s adjacent to Shell’s existing infrastructure.

‘In a media interview last week, Yujnovich told The Borneo Post that Shell will continue to be very active in its exploration across the Malaysian waterfronts.

“We are quite priviledge in Malaysia, where it’s sort of reflected in many respectives, the strengths of our competitiveness and our global gas and upstream business,” she said during an online interview.

“We have our deepwater opportunities in Sabah, our gas opportunities in Sarawak, and of course our very long deep presence in Malaysia. We also cover the spectrum from our conventional oil and gas to deepwater, to gas-to-liquids in our SMDS plant in Bintulu, and exploration activities.

“We continue to be very active in our exploration across the Malaysian waterfronts – from the deepwaters in Sabah but also in further developments in the PSCs (production sharing contracts) adjacent to some of the infrastructure we have in Sarawak.”

* Zoe Yujnovich, Shell’s Integrated Gas and Upstream Director.

Hit it on the nail Deft “..figures which are due anytime soon..”

Im a wee bit excited looking forward.

As per Steve’s earlier post, initially we were looking at a decent sized field comparable to the best in Europe, but which has now been agreed with by Petros as ‘greatly exceeded our expectations’.

Lol, but If Bol and none of his 12 disciples ain’t off-loading, then neither will i.

“..With the Production Sharing Contract (PSC) now firmly in focus, we are delighted with the feedback we have received from PETROS during our recent Joint Technical Study workshop. Amongst our discussions was the recent volumetric resource analysis which has greatly exceeded our expectations, and we look forward to updating our shareholders on further progress in the near term."

Guessing that having Bol as the Chief Minister’s ex right-hand man, will see very favourable terms for UPL on any PSC.

Nice to see the August updates gaining some traction. Lol but wondering if we’ll get yet another one squeezed in this week or next.

Nobody gets old & wise just sitting on their erse.

Aug 11 “..Thanks KAZ Minerals for hosting #EST & our visiting geologists at the Artemyevsky VMS mine & Nikolaevsky Concentrator, located just outside #EST’s licences in the Rudny Altai VMS belt. Significant geological understanding was gained, which will assist further target generatio…”

‘..The US Department of Energy (DoE) officially added copper to its list of critical raw materials earlier this week in an historic move that reflects the growing importance of energy transition technologies.

In its finalised Critical Materials Assessment for 2023, the US Government has for the first time included copper as a critical material, following the example set by the EU, Japan, India, China and Canada..’

https://www.mining-technology.com/news/us-government-adds-copper-to-critical-materials-list/#:~:text=In%20its%20finalised%20Critical%20Materials,copper%20as%20a%20critical%20material.

Lol, but Alex reminds me of Jim Richard’s & his excellent book Gold Rush, who lived wild looking for gold & then an auld timer in an Ozzie bar suggested he take a closer look at his iron deposits & so found he was sitting on a $200M field, of iron ore. Looking good for Alex sitting on top of a field of copper.

Reckon that everyone will be looking at Petronas for a parntership but, dare i say it, i reckon that Shell will be watching this very Very closely. They’ve operated from Brunei & out of Miri for almost a century. Now there is a small O&G outfit looking at drilling onshore in Sarawak & permitted to do so, with its management team having very close ties both with Sarawak’s Chief Minister & with Shell work experience. Strongly suggests imo that one of the big players will then want a piece of a possibly very large pie.