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Unfortunately it's not DGI that's was in talks at Amte...
.Scots jobs saved after battery factory sold to Dutch firm
AMTE Power entered administration in December, putting jobs at risk.
Jobs preserved after AMTE Power battery factory in Thurso sold during administration processAMTE Power
AMTE Power: Dutch firm LionVolt have purchased the business and its assets.
Calum Loudon
13 hours ago
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Jobs at a battery factory in the Highlands have been saved after it was sold during an administration process to a Dutch firm.
AMTE Power, which is based in Oxfordshire but has a manufacturing plant in Thurso, entered into administration in December.
Specialist business advisory firm FRP launched an “accelerated mergers and acquisitions process” to help find a buyer in an effort to save the company.
It was confirmed on Thursday that administrators completed the sale of the business and assets to Dutch ‘next generation’ battery technology firm LionVolt.
The sale enables the battery production facility at Thurso to be repurposed for producing LionVolt’s batteries and includes the transfer of 20 jobs based in Thurso.
However, the remaining 15 staff at Milton, England, have been made redundant.
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Richard Bloomfield, director at FRP and joint administrator of AMTE Power Plc, said: “The acquisition by LionVolt presented the best opportunity to secure jobs and fulfil our statutory duties to creditors.
“The transaction follows an exhaustive sales process and search for new investment. Critically, it preserves a large number of jobs and provides a continuation of battery cell manufacturing in Scotland. We wish the team at LionVolt all the best for the future.
“We are working with the impacted staff at the AMTE Power site in Milton and will support them in their claims to the Redundancy Payments Service.”
The company, which specialises in lithium ion batteries, previously announced plans for a multi-million pound site in Dundee in the summer – which bosses said would have provided over 200 jobs.
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Suthy,I'm probably being a bit cautious but I do hope it smashes through the 10p barrier on any announcements and make all of us happy people.
I'm new to.all of this and do hope me airing on the side of caution is completely wrong, I can't believe I'm invested in such a great company with lots of potential moving forward and in at such a low amount.
Im not greedy and would be happy with my 8-10p to.start with 🤣 then hope it makes me rich with the rest after I have sliced a profit.
GLA
Suthy, I do hope it's me that's wrong....
A deal with miners will be great and the mms will struggle as you say.
I think the mms are very clever with how they play the sp but I hope you are correct and they do struggle to hold the sp down.
I gave said before that I will top slice at 8- 10 p and not before so come on FG, strike a deal, let us know and let's see the mms sweat and earn their money ans make us all happy.
I agree Suthy, it is very modest given what qbt have to offer these miners.
I said it will reach 10p and more but I don't think it will be on open when news drops, we all know the mms like to play games and I think they will but they won't be able to hold it back once the big boys fet on board.
I really do hope I am wrong ( I usually am wrong )
so I hope I am again on this occasion and it does open 10p or more for everyone to enjoy.
I don't think it will open on 10p with news, I think we have to be realistic but it will reach 10p in the future I'm sure.
Good news on a deal with a miner or two will I think take the sp to around 5p on open and then rise with the big boys coming in and then hopefully it will get to around 8- 10p.
I hope I'm wrong and it does open at 10p and then goes on to hit 15p or more and I will along with many others be a happy chappy.
GLA
Appreciated thank you.
Can somebody please let me know the best place to look at the coalculus price please 👍
HH, never a truer word spoken( typed.😆), I'm new to qbt and quite frankly can't be bothered with the day to day bickering, plenty more in life to be getting on with.
It's a shame that qenuine and well researched posters on any board do get drowned by uninvested time wasters, it's enough to put any new investors off and that's why they do it (SAD ) really.
I invested on my own research,it's my money win or lose but its my choice, I don't need saving, don't need people telling me I've made a mistake inesting here or anywhere else, I just want to make some money... that's what most of us are here for.
I choose what to do with my money, if I lose it then I will slap my hands and move on, if I make some money I will pat myself on the back and move on, either way I will not listen to a bb to make my choice.
Thank you every genuine holder that post negative and positive opinions.
GLA
Iif you believe in the fundamentals and your research then let the traders have their playtime. I don't blame anybody taking profits as that's the name of the game, lths and me as I'm relatively new are here for the bigger profits.
I will top slice at 8-10p and let the rest enjoy the ride. I'm sure this will reach 10p, when nobody knows but I'm here for when it does.
I don't watch daily movements but I have alerts for news, so when news drops I along with everyone else will know.
GLA
Last hour is going to be interesting, the mms will have to let it go.
GLA
Great RNS, this will end blue. Every company has to raise money and at least we know we are live so onwards and upwards.
In your dreams drizzy
Forward thinking is how the markets work, they know which way this is going hence the volume in the past week 😅
The price of btc obviously helps but this is more to do with what's coming next.... you don't have 170 million shares churned just on the back of btc rising.
The markets know, the lths know and anyone care to do their research knows this is going to be epic when news drops.
Let's hope for another great day to start our weekend off with a bang 💥💥
GlA
Definitely will suthy, a deal or 2 here will be fantastic, the volumes in the past week are brilliant and that's without news. Any deal and I could be top slicing sooner than I thought. Gl everyone
Good on you hedge, we all have our own strategies and well done.
I'm in for more gains, not going to be greedy but I will top slice at around 8-10p depending on my bravery but that will do me good and I will leave the rest for as long as I feel the need to take more.
Well done again and everyone else that have made substantial gains.
Hopefully we can push through 2.5p soon and hold into close, would be a good platform for tomorrow's open.
Exciting 2 hours to go, strong finish coming.
I was thinking very much the same,some big buys going on constantly, all sells being mopped up so I believe more of the bigger institutions will want a part of this too.
Mms seem to Want to hold the sp in this range of around 2p, lots of buying so surely they will take the shackles.off soon.
GLEveryone exciting times ahead I hope.
Thank you sharequests