Member Info for Mooching

"Russia is doing just fine"

Meanwhile, in the real world, from the horses mouth...

https://youtu.be/W4YIbtIIbgI?si=Oj81LWVWOZxW6liI

(PS. Pokrovsk still holding ;))

I suppose rather than try maths (which I think i failed miserably at earlier...lol) they key takeaway for us should be the following...

"Whilst Atlas Shareholders will be a minority in the Enlarged Group, your Board considers that the likely overall value of the market capitalisation of the Enlarged Group will represent a significant

enhancement over and above the entire market capitalisation of Atlas today, so whilst Shareholders will be diluted by the facilities described below, the majority of that dilution (to extent the Facilities (as defined below) are utilised) will likely occur at a premium to the current share price of the Company.

The Facilities will dilute all shareholders in the Enlarged Group pro rata (and not just current

Shareholders)."

In other words, if the price drops like a rock tomorrow, you're being shaken out, or you should probably be buying.

I'll continue to hold regardless, and as Smooth has said, there's a lot of value here.

Oh, and did I mention uranium? ;)

Think my maths is off.

Anyone else?

my back of a *** packet calcs show all the below comes to c133m new shares. if we add existing c17m, that's c150m. if we're worth £1bn, that's 85p/share.

lowest price quoted below for new issuance is 40p, so i would suggest you use that as a baseline (although yes, it could well dip below as some try to trade it). holders should still be expecting a premium from here, and that still wouldn't include any forecast/projected increase in earnings or value from uranium.

all imo of course. please dyor and let me know if you think i've got it wrong.

Finally got a chance to start reading the detail...

​The Company is seeking aggregate authority under Resolution 1 to issue shares for several purposes, which totals:

​Up to 62,500,000 new Ordinary Shares in connection with any placing conducted at the time of completion of the Reverse Takeover (RTO Placing). This is based on a notional placing price of 40 pence per share.

​Up to 50,906,250 new Ordinary Shares in connection with the proposed financing Facilities (Facilities A and B, including the ATM Facilities and associated warrants). This total is based on notional prices of 40 pence or 80 pence, depending on the facility.

​Up to 5,000,000 new Ordinary Shares in connection with the conversion of the Interim Convertible Loan Notes (CLNs). This maximum is based on a notional placing price of 50 pence.

​4,400,000 new Ordinary Shares in connection with the conversion of outstanding Historic CLNs. This maximum is based on a notional placing price of 50 pence.

​5,817,148 new Ordinary Shares for historic fee arrangements and the issue of certain warrants.

​5,089,975 new Ordinary Shares in connection with the exercise of Historic Warrants.

We've already flogged (gave away) Goldridge for £550k. That's already been burnt on 'operating costs' no doubt.

I'm hoping Chris still sees value in that and wants to keep it (post RTO fundraiser to take up the option and add to the asset pile?).

Either way, it continues to be a zero value asset on the books that could come into play later.

However, if it's not wanted, not core, then yes, it could very well have been used to cover these costs, even at a knock down price. Unless maybe we can't shift it?

Hi JPP

Where did you get 50p? I supposed about that price, but not seen it in black and white.

Adds up to c£7m + fees. I'm assuming the £25m would relate to post RTO fundraise. Still don't know what price they are working with for the issuance, so unable to say exactly how many shares are needed.

But yes Stampee, if the original maths was £2, worst case should still be around 60-70p imo. Maybe that's why we peaked at that level Monday?

Any other take Smooth?

The Resolutions and Financial Urgency

​The Company is seeking immediate shareholder approval for two resolutions to secure financing and settle liabilities necessary to proceed with the RTO:

​Resolution 1 (Ordinary Resolution): Seeks general authority to allot a maximum nominal amount of new Ordinary Shares to cover:

​Up to £2,000,000 in new Interim Convertible Loan Notes (CLNs).

​New equity-linked facilities of approximately £3.15 million (Facility A for £2.5M and Facility B for £650k) and related "at the market" (ATM) placing facilities.

​Conversion of outstanding Historic CLNs (approximately £1.54 million in principal).

​The issue of Fee Shares to settle overdue historic fees with key creditors (including Portillion, Catalyse, and Sunrise), and the issue of various warrants.

​Authority for a potential RTO Placing (fundraise up to £25,000,000).

​Resolution 2 (Special Resolution): Seeks to disapply statutory pre-emption rights to allow the Directors to issue these new equity securities for cash or liquidated sums on a non-pre-emptive basis.

Basically (without reading the circular) the BoD are saying allow us to dilute or we're winding it up. Don't know what the dilution is, but either way, you don't get any more binary than that.

How you voting?

Lol

Yep, just tried again, can get firm price on 75k (not on 100k), couldn't do that a couple of weeks ago, there's obviously demand. Nearest thing you're going to get to free money when the next RNS lands. Despite what the rest of the market is doing.

Tick tock...

"Ukrainian strategy is to trade land for time"

Beast, that's EXACTLY what Ukraine are doing. They (and you) know they can't take the war to Russia, except by indirect means. They are playing for time and hoping the attritional balance will favour them, it has to.

Pekrovsk (which STILL hasn't fallen btw, having been under atrack since June last year!) is another clear example of Ukraine building a 'rock' for the Russians to 'crash' their forces on, while ramping sanctions and increasing it's procurement of stand off weapons.

There's a scene in Battle of Britain where Dowding is challenged on his number of losses vs those of the Luftwaffe, he says "if I'm right we'll win, if I'm wrong...the Germans will be in London in a week". The Russians still haven't taken Donbas, let alone Kyiv. To use another line from a classic war film "What are they waiting for"?

I see we even had a 4 year old girl call Putin out in public yesterday, yet the pseudo intellectual Putinistas on here still support him!

"Russia and Americia will grow and those two contries along with China will be the three world superpowers"...lol

Russia has literally sold itself into slavery with the Chinese...a vassal state if you will.

(Wilco, is that the only rebuttal you have to facts, accusing people of BBC, digital ID, Two Keir subservience? Surely someone of your wisdom, sage like ability, a seer of all things and true polymath can do better than that?)

Fishing trip over?

Market has weakened and they're taking advantage, shaking out weak holders. There's a premium baked in here to those who continue to hold.

This is the definition of investing, not speculation.

I did say...

And that's without the buys that will show later or tomorrow. All these sells will be getting mopped up for the next leg.

Wealth transfer from the impatient to the patient, again.

...and meanwhile, watch your stop losses, if you're using them. I'm not, not on this.

GLA

...I wouldn't want to be out of this over the weekend 🚀🌜

Sorry, couldn't resist!