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There’s a second larger project in Paraguay, they’re evaluating sites close to power and putting a power purchase agreement in place now. This will follow Villeta, should be announcements soon.
https://www.atomeplc.com/projects/yguazu/
I wonder if this is the bottom for the SP now.
It’s great to see the projects stacking up post Villeta.
If Atome announce a solid project finance plan and off take for Villeta, every step towards production, with visibility of further larger production facilities should turbo the SP.
With news expected on this within 6 weeks, I suspect the days of a SP below £1 will be over. I’m glad I averaged down with small additions on Mon and yesterday.
Good luck all.
A solid update, everything on track and all commitments delivered or being delivered on.
What a great company this is turning into, I suspect this will fly over the next 18 months, and possibly very soon depending on news flow.
Investors can look forward to the10-22pps return in Q1 as promised. For new investors see my previous posts for a summary of the investment case for Nanoco.
I agree this is likely an incredible opportunity, but people don’t want to commit without knowing the project economics, which should become clear any day with the announcements we’re expecting. Suspect people are worried about dilution, but if project finance is delivered as signposted this shouldn’t be too damaging.
I suspect this will fly after Q1 and particularly as we get closer to production.
I can't believe people are still bleating on about the settlement. The settlement that laid the bedrock on which the company now sits, making them fully funded, soon to be profitable, with new advisors inbound, more orders imminent and 10-12pps about to be returned to shareholders, with no further dilution. I assume this is deramping to buy more.
@TwoGood2Die - you're lying. They sold non-core patents to Samsung, and a licence with strict conditions under which Samsung can use Nanoco's core IP in a limited way.
Some of this is made clear in this Q&A from March 2023 - after the settlement (55min, 15sec) https://www.youtube.com/watch?v=RnAP1FgZtTA
I agree re Paraguay. No matter what happens in the world, there will be a huge and unchanging demand for fertilizer. If there's a global conflict, S America will be even more desperate for it as it mostly comes from Russia/Ukraine.
Difficult to know where the bottom is, could go way lower, may fly on good news. A lottery at the moment.
I think this will be a huge year for Atome, when investors understand what green CAN is, the part it plays in food security and the green transition (agriculture emits more CO2 than shipping and aviation combined), and the economics. It will bring price stability to producers and demand for Green CAN will be off the scale, before you even consider EU carbon taxes. The challenge is manufacturing enough to meet demand.
We should see a huge re-rating as we go through Q1 and beyond. A long term hold for me.
Olivier Mussat, ATOME's CEO, commented: "The Board is confident that 2024 will be a transformational year for ATOME and we are grateful to the team and our strategic partners who have continued to work throughout the end of the year in order to make rapid progress on the engineering, financial and commercial fronts.
"Whilst taking slightly longer than we originally hoped, the work and de-risking during this extended time has allowed for significant benefit in enhancing the efficacy of our first 145MW project in Paraguay as well as enabling beneficial impact on design, offtake, and financing. We are confident that in this Q1, further key project milestones will be achieved, and we look forward to taking FID on the Villeta project once these workstreams are completed.
"At the same time, work is continuing in parallel on other projects and in particular Costa Rica which, combined with Yguazu in Paraguay, provides a pipeline of projects extending to world-scale in excess of half a gigawatt."
https://polaris.brighterir.com/public/atome/news/rns/story/xj7q57x
@PiratePete - I agree, their comms and product marketing could be a lot better.
They should be talking/evangelising to:
- Customers, explaining the tech, use cases, Nanoco's IP, etc, using targetted content marketing as well as exhibitions.
- Investors more widely. They do the regular investor updates which is great. It doesn't cost much to produce slick comms campaigns and video content, feature staff at exhibitions discussin explaining the tech, explainer videos with cool graphics, etc (could also be used for targeted content marketing mentioned above).
This would help to win more business and drive investor awareness/SP.
A small investment here could make a huge difference.
The only significant thing about the RNS is that they're unable to announce renevue targets because there's so much uncertainty due to commercially sensitive discussions with customers (on the upside).
The total LTIP & DBPs are 9,056,742 or 2.79% of current shares in issue.
They'll only be issued in 2025 & 2026, the LTIPS based on performance criteris.
This will have zero negative impact on SP, if anything it suggests huge upside.
I for one and positive and holding, suspect this will be a big 12-24 months for Nanoco and we'll see a multi-bagger in that time.
Big lol @Flyinghigher, sounds like you missed the price in the teens. Good luck talking this down.
There will obviously be a correction ex-div/after the return to shareholders, but there’s so many compelling factors with Nanoco (see my previous post) that my guess is that time is short at this price.
I’m long and holding for the long term too.
DYOR
Sorry for repetition, the handbags keep filling the board.
A summary for new investors:
- In Jan23 won a settlement for patent infringement against Samsung, earning Nanoco pre-tax $90m ($15m from a first payment, $75m due early Feb).
- 10-12pps will be returned to shareholders in March24, exact method TBC but likely in whole or part a special dividend and/or buyback
- During Samsung litigation, Nanoco had core patents challenged, tested and upheld at PTAB, confirming validity of patents for Nanoco's volume QD seeding process.
- Nanoco have deep partnerships with 2 global device component/chemical manufacturers partners (one is ST Micro, the other an Asian customer). Both of these have thousands customers.
- Big opportunities are in QD Sensors and display. QD sensors have significant performance and safety benefits, independent reports forecast QD sensors to become mainstream.
- Nanoco are uncovering and engaging with other possible patent infringers, which could result in additional settlements or licence partnerships.
- Nanoco's competition (QD manufacturers) are not profitable and some may have infringed Nanoco's patents. Following Nanoco's patent validation, many will now struggle to raise additional PE funding, one (Nanosys) recently sold.
- Nanoco have cash for 4-5 years (after return to shareholders) but will be cash positive from 2025, possibly sooner = no further dilution.
- Many announcements suggest that Nanoco's QDs are in sensors in the Apple Vision Pro, would be a huge validation of their tech and result in a huge scaling revenue stream and increases likelihood of Nanoco's QDs getting into future iPhone models = massive.
- Other than Samsung (accused of partnering with & stealing Nanoco's methods and knowhow, resulting in $150m settlement and validation of Nanoco's IP at PTAB), QD adoption in devices has not got going. This appears to now be changing, with actual STMicro sensors on sale using QDs. This should snowball significantly over coming months/years.
- Recently strengthened board with two experienced advisors with extensive contacts and experience scaling & selling tech businesses.
- Nanoco completing build of a device lab, to actually demonstrate tech to customers, instead of talking theoretically, which will de-risk and accelerate customer adoption.
- Nanoco is pretty much valued at cash or less than cash, with no value priced in for the core and fully funded business, in the early stages of a new technology adoption across a very wide range of use cases, including sensing, display, lighting, solar panels, medical devices and more.
- Directors are now buying - 16th Jan
@Piltick, the RNS is super positive and really confirms that everything is on track, and will likely happen.
But it's still impossible to actually model earnings, ROI, break even, etc. We need the FID, project financing and offtake details to understand this, and also understand if there will be any further dilution along the way.
My feeling is that this will be massive, but we can't proove it until the Q1 announcements start to drop (so just a matter of weeks).
When that happens, I'm hopeful well see significant SP movement and SP climb as production gets nearer/operational execution risk decreases through 2024/2025.
So right now, it's an awesome time to load up for the brave!
Without wanting to open a can of worms, because im very happy with our current position, I feel disappointed we didn’t take this approach with Samsung. Seems it’s faster, cheaper, effective and would have forced them to a settlement very quickly.
I know this was mentioned as an approach by Tariq and his insurrectionists, but there must be a reason why they didn’t do it.
Apple watch: US upholds ban on sale over patent dispute https://www.bbc.co.uk/news/business-68014619
A great update, very happy with the progress.
Samsung will pay on time. The legal action was suspended on the basis that a settlement was reached, the terms of which were detailed in an undertaking to the court, so not an undertaking to Nanoco. So if Samsung don’t pay on time they’ll be in contempt of court. They’ll pay on time, no question about that.