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. Similarly, our green hydrogen interests, which are being advanced in joint venture with His Highness Sheikh Ahmed Dalmook Al Maktoum, continue to move forward promisingly, including the recent registration of the project under the Verified Carbon Standard programme with Verra. His Highness and I were also extremely active during the Dii and COP28 Conferences and we continue to work towards finalising off-takes. One of our prospective off takers, EGA, was expected to finalise its off-take commitments at COP28, but since its decarbonisation programme has yet not been finalised, this will be addressed after their internal strategy is firm. COP28 was an important trigger for a quicker global energy transition, given the commitment made to move away from oil and gas. We expect that this shift will translate into greater financial support, more conducive government policy and firm decarbonisation commitments by industry across the globe."
Interesting from late jan
· The Company achieved prequalification of this product with a German buyer and supplied a bulk commercial scale full container load for product trials by the customer, which has been successful.
· As a result, the Company received a further final qualification order from the buyer and has now shipped the next full container load of the material to the buyer.
· The qualification shipment was supplied on normal commercial terms and reflecting the premium value of this product.
· Upon receipt and approval of this final qualification container, the Company expects to receive monthly shipment orders from the buyer.
· Recent meetings with the Madagascar Government for the release of VAT refunds of c. $2m have further added confidence that these will be returned to the Company imminently;
Https://www.linkedin.com/posts/critical-minerals-association_the-cma-uk-is-pleased-to-announce-the-third-activity-7127625291518074880-p7HX?utm_source=share&utm_medium=member_android
Not presenting for no reason....
In the certification testing the Ultra High Power cell met all of the A-Sample target performance requirements, however, due to the identification of a minor manufacturing defect, the certification process of the cells has been halted. The root cause of the defect has been identified, and cells from the next production batch, in the third quarter 2023, will now be used to certify the product. - which if delivered unlocks the faraday grant
--
Some highlights they ran out of funds
Highlights:
· Automotive sector Ultra High Power cells:
o Extensive on-going trials show the cells have consistently achieved a full charge within six-minutes.
o Cells manufactured on GigaFactory equipment at UKBIC delivering exceptionally well against the Company's target specification at ever increasing volumes.
o Five non-binding MoUs signed with key automotive partners: Cosworth, Viritec, MAHLE Powertrain, Sprint Power and BMW.
· Energy storage sector Ultra Safe cells:
o Cell development is nearing completion having reached its energy density specification of 140 Wh/kg.
o Planned to commence production at Thurso later this year for delivery to customers for initial evaluation and project and supply validation.
· Ultra Prime: initial sales expected to commence in FY24, with production centred on Thurso.
· Overall pipeline of opportunities in excess of £240m.
· Focusing on the Thurso production facilities and UKBIC will enable AMTE Power to leverage its competitive advantages and development pipeline to drive the next stage of its growth towards the MegaFactory
· AMTE Power plans to have its new, state of the art 0.5GWh MegaFactory in Dundee ready within three years. The facility will be capable of producing more than 8 million cells with a revenue stream in excess of £200m.
--
Shares are to be issued at 1.7p raising £2.1 million, which AMTE said would tide it over until a new equity investor completes due diligence on a £2.5 million cash injection.
Technical due diligence is underway and the new investor expects to complete the work by the end of October 2023.
How much lower could it go vs how much higher?
There's always still the risk of 0 but that really doesn't seem to be the case now and either way it should be clarified in the coming days
The potiencial upside in the long run vs a short term trade from here is immense - they were sitting at 45-55 before they ran out of cash
From TG - dyor
I highly recommend looking at the credibly and integrity of the board
We've got the Save, and the be plenty of uniformed panic selling when we return, maybe not - for those researched it would be an oppurtunity
1mil mcap - will have a strategic and 4mil cash once this is all done
Https://www.linkedin.com/posts/ben-kilbey-543b5021_european-batterycells-batteries-activity-7059846473428922368-BgQ_?utm_source=share&utm_medium=member_android
In the certification testing the Ultra High Power cell met all of the A-Sample target performance requirements, however, due to the identification of a minor manufacturing defect, the certification process of the cells has been halted. The root cause of the defect has been identified, and cells from the next production batch, in the third quarter 2023, will now be used to certify the product.
Im actually invested in the companies recovery from here and not just in for a trade. The current bad market is leaving many companies in disconnect and now AMTE have the Save, I firmly believe by November were all have alot more clarification on the company restored finacial foundations and path going forward while there cash alone will be a few times higher than the current mcap. Dyor
The facility will be capable of producing more than 8 million cells with a revenue stream in excess of £200m.
Dyor people and remember what the company actually does - and were they were before cash concerns which are now sorted. I recommend looking into all commitments from the strategic from the beginning until now.
Highlights:
· Automotive sector Ultra High Power cells:
o Extensive on-going trials show the cells have consistently achieved a full charge within six-minutes.
o Cells manufactured on GigaFactory equipment at UKBIC delivering exceptionally well against the Company's target specification at ever increasing volumes.
o Five non-binding MoUs signed with key automotive partners: Cosworth, Viritec, MAHLE Powertrain, Sprint Power and BMW.
· Energy storage sector Ultra Safe cells:
o Cell development is nearing completion having reached its energy density specification of 140 Wh/kg.
o Planned to commence production at Thurso later this year for delivery to customers for initial evaluation and project and supply validation.
· Ultra Prime: initial sales expected to commence in FY24, with production centred on Thurso.
· Overall pipeline of opportunities in excess of £240m.
· Focusing on the Thurso production facilities and UKBIC will enable AMTE Power to leverage its competitive advantages and development pipeline to drive the next stage of its growth towards the MegaFactory
· AMTE Power plans to have its new, state of the art 0.5GWh MegaFactory in Dundee ready within three years. The facility will be capable of producing more than 8 million cells with a revenue stream in excess of £200m per annum.
Shares are to be issued at 1.7p raising £2.1 million, which AMTE said would tide it over until a new equity investor completes due diligence on a £2.5 million cash injection.
Technical due diligence is underway and the new investor expects to complete the work by the end of October 2023.
AMTE added that this new investor has offered, where suitable, to introduce companies in which it has an equity interest for possible sodium-ion battery cell offtake deals and other large-scale projects.
A retail offer is also being launched to raise up to a further £250,000.
Alan Hollis, AMTE’s chief executive, said: "We are very pleased to have the support of existing and new shareholders as we look to put in place the Initial Recapitalisation Plan and progress towards restoring the group's financial foundations.”
I want to see how the investor can help build the business after is stabilises the financial foundations
Https://www.linkedin.com/posts/amte-power-ltd%2E_today-25052023-bbc-sounds-activity-7067463486607351808-_Ybr?utm_source=share&utm_medium=member_android
· Automotive sector Ultra High Power cells:
o Extensive on-going trials show the cells have consistently achieved a full charge within six-minutes.
o Cells manufactured on GigaFactory equipment at UKBIC delivering exceptionally well against the Company's target specification at ever increasing volumes.
o Five non-binding MoUs signed with key automotive partners: Cosworth, Viritec, MAHLE Powertrain, Sprint Power and BMW.
· Energy storage sector Ultra Safe cells:
o Cell development is nearing completion having reached its energy density specification of 140 Wh/kg.
o Planned to commence production at Thurso later this year for delivery to customers for initial evaluation and project and supply validation.
· Ultra Prime: initial sales expected to commence in FY24, with production centred on Thurso.
· Focusing on the Thurso production facilities and UKBIC will enable AMTE Power to leverage its competitive advantages and development pipeline to drive the next stage of its growth towards the MegaFactory
· AMTE Power plans to have its new, state of the art 0.5GWh MegaFactory in Dundee ready within three years. The facility will be capable of producing more than 8 million cells with a revenue stream in excess of £200m per annum.
It may also provide similar introductions to other companies with which it has strategic relationships, where battery technology is currently being deployed at large scale in industries including renewable energy.
"Given the potential for revenue growth that, in the directors' view, can be realised through these arrangements, AMTE Power intends to issue the potential equity investor with compensatory warrants in recognition of the value of such off-take agreements,"
850k mcap - will have the 2.1 and 2.5mil + a strategic that will bring more to the table - don't be so sure they will be selling straight away
A strategic investor who will bring more to the table than just the 2.1mil and 2.5mil
Not just a placing facility
Bring on futher updates about the broader buisness - 800k mcap will soon have 4mil+cash
https://www.linkedin.com/posts/amte-power-ltd%2E_amte-power-gets-first-un-testing-for-sodium-activity-7079034269469143040-Nwye?utm_source=share&utm_medium=member_android
In the certification testing the Ultra High Power cell met all of the A-Sample target performance requirements, however, due to the identification of a minor manufacturing defect, the certification process of the cells has been halted. The root cause of the defect has been identified, and cells from the next production batch, in the third quarter 2023, will now be used to certify the product. - Full charge in 6 minutes
They now have the Save after falling from 50-60 a circa 18-20mil mcap after previously being in the pounds...800k mcap
----
AMTE Power PLC (AIM:AMTE), the lithium-ion and sodium-ion battery cells maker, crashed 81% as investors reacted to last night’s hugely discounted fundraising.
Shares are to be issued at 1.7p raising £2.1 million, which AMTE said would tide it over until a new equity investor completes due diligence on a £2.5 million cash injection.
Technical due diligence is underway and the new investor expects to complete the work by the end of October 2023.
AMTE added that this new investor has offered, where suitable, to introduce companies in which it has an equity interest for possible sodium-ion battery cell offtake deals and other large-scale projects.
A retail offer is also being launched to raise up to a further £250,000.
Alan Hollis, AMTE’s chief executive, said: "We are very pleased to have the support of existing and new shareholders as we look to put in place the Initial Recapitalisation Plan and progress towards restoring the group's financial foundations.”
In the certification testing the Ultra High Power cell met all of the A-Sample target performance requirements, however, due to the identification of a minor manufacturing defect, the certification process of the cells has been halted. The root cause of the defect has been identified, and cells from the next production batch, in the third quarter 2023, will now be used to certify the product.
I'm holding until back to a 4-8mil mcap then free riding for years
https://www.linkedin.com/posts/amte-power-ltd%2E_today-25052023-bbc-sounds-activity-7067463486607351808-_Ybr?utm_source=share&utm_medium=member_android
Dyor, they've now gotten the save that can be for the bugger picture and not just the short term
800k mcap - 2mil+ placing with 2.5mil more to come before anything else happens - then there's the wider buisness
Holding long from here as I think this is the bottom - and imo its likely that soon these prices will never be seen again
Highlights:
· Automotive sector Ultra High Power cells:
o Extensive on-going trials show the cells have consistently achieved a full charge within six-minutes.
o Cells manufactured on GigaFactory equipment at UKBIC delivering exceptionally well against the Company's target specification at ever increasing volumes.
o Five non-binding MoUs signed with key automotive partners: Cosworth, Viritec, MAHLE Powertrain, Sprint Power and BMW.
· Energy storage sector Ultra Safe cells:
o Cell development is nearing completion having reached its energy density specification of 140 Wh/kg.
o Planned to commence production at Thurso later this year for delivery to customers for initial evaluation and project and supply validation.
· Ultra Prime: initial sales expected to commence in FY24, with production centred on Thurso.
· Overall pipeline of opportunities in excess of £240m.
· Focusing on the Thurso production facilities and UKBIC will enable AMTE Power to leverage its competitive advantages and development pipeline to drive the next stage of its growth towards the MegaFactory
· AMTE Power plans to have its new, state of the art 0.5GWh MegaFactory in Dundee ready within three years. The facility will be capable of producing more than 8 million cells with a revenue stream in excess of £200m.
During the course of its due diligence, the Potential Equity Investor has advised that it can, where suitable, introduce companies in which it has an equity interest to AMTE Power with the view to generating offtake agreements for sodium-ion battery cells. It would also provide similar introductions to other companies with which it has strategic relationships, where battery technology is currently being deployed at large scale in various industries, for example in renewable energy.
Given the potential for revenue growth that, in the Directors' view, can be realised through these arrangements, AMTE Power intends to issue the Potential Equity Investor with compensatory warrants in recognition of the value of such offtake agreements. If required, shareholder approval for the issue of any such warrants will be sought in due course.
The board of directors of the Company has been informed by the Potential Equity Investor that its due diligence is progressing; that significant strategic work has been undertaken; that further confirmatory and technical due diligence is its current focus; and that this work is now anticipated to complete by the end of October 2023.
https://www.proactiveinvestors.co.uk/companies/news/1025909/amte-power-crashes-80-on-huge-discount-fundraise-1025909.html
Cash more than mcap and to increase by a futher 2.5 at the end of October
Alan Hollis, Chief Executive Officer at AMTE Power, said:
"We are very pleased to have the support of existing and new shareholders as we look to put in place the Initial Recapitalisation Plan and progress towards restoring the Group's financial foundations. I am particularly excited to be working with a potential investor who can truly support the strategic growth and development of the business."
50-60 SP circa 20mil mcap before running out and cash and nearly going into administration ( which was actually for the broader buisness model - now not going into administration and given the Save
800k mcap - oppurtunity
https://www.lse.co.uk/rns/AMTE/operational-and-trading-update-fg21aegi3e6v4zo.html
During the course of its due diligence, the Potential Equity Investor has advised that it can, where suitable, introduce companies in which it has an equity interest to AMTE Power with the view to generating offtake agreements for sodium-ion battery cells. It would also provide similar introductions to other companies with which it has strategic relationships, where battery technology is currently being deployed at large scale in various industries, for example in renewable energy.
Given the potential for revenue growth that, in the Directors' view, can be realised through these arrangements, AMTE Power intends to issue the Potential Equity Investor with compensatory warrants in recognition of the value of such offtake agreements. If required, shareholder approval for the issue of any such warrants will be sought in due course.
The board of directors of the Company has been informed by the Potential Equity Investor that its due diligence is progressing; that significant strategic work has been undertaken; that further confirmatory and technical due diligence is its current focus; and that this work is now anticipated to complete by the end of October 2023.
I personally this is the lowest were ever see. Loaded some after selling and waiting for today as it was predictable - holding long from here
*Objective, Unemotional Analysis & Why I Will Be Topping Up Hard*
Firstly lets get all the emotional stuff out of the way, as it's totally useless in making objective investment decisions.
People may not like the Placing price / the fact that there's a Placing at all / Mike Buck's apparent duplicity etc
Great, get if off your chests, sell out if you want & let's look at the investment and why the Placing was needed NOW.
- We all want the LP to be issued asap but timeframes aren't exact for that. I'm confident it WILL be issued and certain factors give me no concerns at all on that front. Others are free to their own concerns of course but for me its issuance if not specific timing, is a given.
The additional funding required now is obvious when reading into the details provided.
- The GoM is issuing 14 new licences that MATD will be looking at with the associated bidding / PSC costs.
Imporyantly, I don't think they would be doing that without DQE on board and looking at the relevant statement, the deal seems to be structured and awaiting the final agreement by DQE themselves (Dec 5th update). I think that's a given now with the rapid expansion land grab for licences.
- The new JV company setup with Woolfson would necessitate a capital inflow but at the same time, provide diversification & entry into a potentially massive energy sector. The economic viability for profitability would have been looked into by specialists in the space and beyond 'chat board experts'.
Velociraptor drilling which although technically a Wildcat is as MB stated "a wildcat with better than wildcat probability chance of success" - it's part of a known oil bearing formation.
We have the talk of MB misleading investors with talk of a comfortable cash position and all the rest. Well the hard reality is that the 3 month issuance period is more flexible than anyone would like and certainty in operations is key at this point, hence the fundraise to progress the other initiatives.
I'm really not bothered too much about the price. I expect any share price drop will be very transient & be heavily bought into.
We have the pre AGM update coming up outlining a highly aggressive & exciting growth strategy for the company as well as feeding into the official DQE deal, near term Velociraptor drill & eventually dare I say it the LP
How long do we really think the SP hangs around any depressed level from the fundraise from that perspective?
Personally I'm really pleased about the company strategy going forward and especially the cost mitigation & accelerated growth component that DQE would provide.
The actual funding itswlf is relatively limited from the context of growth opportunity provided and whether or not MB is a 'greedy so & so' or whatever else doesnt register on my radar.
I look at investments in a cold, non emotional way and will personally be taking the opportunity to stack my own holding of MATD stock as much as possible b
Many of us are comfortably holding and not really that concerned about daily price moves.
News could come any day now and likely will.
The Land Permit is obviously the big one. Both MB and the Ambassador have confirmed the GoM are on board and want to get it done.
The Mining Minister has confirmed the same and Jimi's news link yesterday emphasises that, threatening legal action for anyone obstructing such processes.
The GoM have put in place a framework where dissent or interference by parties such as the eco protestor, will be clamped down on.
Remember, we have the proven oil asset which mitigates risk going forward and with its inherent massive impact on the SP once released.
Talk of a Placing to fully develop the multiple wells on Heron and as an impediment to investing at this stage is naive.
Quite apart from the very real likelihood of DQE partnering the LP would massively & immediately re-rate the SP.
The company commences its move into a revenue generation stage so forget any mkt cap / SP even close to the current.
As it is MATD are fully funded for near term operational activities and a very comfortable cash position covering working capital requirements.
Beyond the LP we have the fully funded fully permitted Velociraptor drill fast approaching which should focus shareholder interest & SP buoyancy.
Apart from all that we have the current round of highly prospective licences to be announced imminently and regardless of the GoM specific date for that having slipped. I dont think a week or two in GoM scheduling is a big deal. It's just the way it is.
The few riff raff who operate on these BBs isnt surprising. They're usually ill informed individuals relying o personal attacks and meaningless one liners.
I prefer to focus on the multiple news releases we can expect & the solid asset we have mitigating any risk.
The phenomenal upside is worth any wait now & why I dont feel any need to post.
Only a foool would be out of MATD at this highly important moment imho but many of the nay sayers know that and have their own agendas I'm sure ;)
Land Permit, Velociraptor, DQE, New Licenses & Fully Funded etc just as the header states