Member Info for Gordonbennett1

It’s a fair comment but I don’t believe they need approval from south of the border. Look at the deals struck with BiFab, Ferguson and Calmac.

Quite a vague and uneducated comment tbh

Thanks we know tht. But they aren’t far off, last injection will see then through, plus the grant if they make it.

Agree, it’s rare a company in this position will have a direct impact on the government, this is the last home grown cell producer and the UK need to invest in such to achieve net zero targets!

My question is how will it pan out, a loan from the government tht enables the company to achieve commercialisation (almost there)?

Looking good for another swing up toward 9/10

Some more coverage! 6.5to sell

https://thebusinessmagazine.co.uk/technology-innovation/project-from-oxfordshire-based-battery-developer-amte-power-one-of-three-to-share-1-million-of-funding/

Hopefully we can motor on again today! No major changes from yesterday other than a substantial grant, just need to keep the lights on!

Thanks Wise as they say batteries and water don’t mix

Oh dear!

Https://dailybusinessgroup.co.uk/2023/05/yousaf-says-westminster-holding-back-green-plan/amp/

https://www.thecourier.co.uk/fp/business-environment/business/4312249/amte-power-us-move/

Two articles albeit not new but very much showing amte is actively on his radar. we will see how quickly he acts to rescue the company!

Will Scotland let this company go under when it is so desperately keen to have a gigaplant on home soil, if so who is backing this £160m plant? It ain’t Amte anyway as they have no cash, is the talk of the US a red herring to put pressure on the SNP? Well pressure is well and truly on now, 3 weeks for them to act or allow some form or rescue funding to occur!

SNP haven’t been shy to do so in the past and most of them being dying sectors, this is a growth area with a drive for net zero, come on Humza do something right for a change!

We should have a poll! Who is more annoying, Chaiwilly or the women in specs who pops up in t he top corner meaning you can’t access the menu every time u use lse on your phone?

Ouch owned!

I hope duke don’t release an RNS. They catch me out every time! Think we are out the woods and realise it ain’t us

Amte my dictionary prefers mate it would seem

Insightful post I wish I had seen last night stoxx! Unfortunately I bought in on the high side today, albeit not at the top.

Do you see a further bail out confirm from the Scottish gov perhaps? As you say I’m sure they don’t want the likes of mate to fail! The only uk cel producer and Scottish too!

The money they are after is pocket change really and from what I understand the company can’t raise at anything less than 5p given that’s the nominal value per share.

I do expect a bigger spike as we get closer to the deadline and probably pre news as we already witnessed yesterday it can appear pre RNS!!

Https://faradion.co.uk/faradion-the-world-leader-in-sodium-ion-battery-technology-announces-a-collaboration-and-licensing-deal-with-amte-power/

An old collab but agree it is very strange that they choose to update RNS’s to include a section on another company particularly when they haven’t done so prior to now.

Interesting

You’re welcome!

Time to show your powers Hamza! The company won’t go to the US it will go to the wall.

https://www.power-technology.com/policy/green-deals/amte-green-battery-us-subsidy/

No I don’t agree, not the first company to use a convertible loan and remove it. We aren’t talking about a large sum of money and there is probably a Claus to pay down.

Tight spread going into close, 6.2 to sell 6.4 to buy

Level would be nice for starters but reckon we may see 10-15 if the right news arrives!

Totally, These times are meant to test businesses and its great to see WBI come through the other end. Yes the deal wasn't amazing for all concerned but it was pretty darn good considering the credit market conditions. Directors buying adds to it!

Apologies accepted, sorry if I was confrontational! Ill be honest I got burnt a little today jumping in on the excitement around 8! Could have sold but got greedy thinking this has more in the tank which I still believe.

The only difference I can spot in the RNS's is the below which has been added.

About Faradion

Faradion is the world leader in sodium-ion battery technology that provides low cost, high performance, safe and sustainable energy. Its proprietary technology delivers leading-edge, cost-effective solutions for a broad range of applications, including mobility, energy storage, back-up power and energy in remote locations. Faradion's patented zero-volt capability enables the safe transportation and maintenance of sodium-ion batteries. The wide operating temperature range, high energy density and fast charge/discharge capability combine to offer a next generation, drop-in solution. Its sodium-ion batteries contain no cobalt, no lithium and no copper, resulting in a safe and sustainable, cost-effective, high -performance technology.