George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
They will all be feeding at the trough lol. I think this is the the trough at 1p. Once they are wedged up off we go. GLA.
HorisM - AMTE Market cap? Can they afford £1m? There is a huge disconnect here somewhere. Where is it?
https://www.pif.gov.sa/en/Pages/Homepage.aspx
Alanoud AlAiban
Assistant Vice President at Public Investment Fund (PIF)
Time to read and digest the circular. Not the day we expected but the week is yet young. Lets pick this circular apart.
https://amtepower.com/wp-content/uploads/2023/12/AMTE-Rule-9-Circular.pdf
Good spot deffo, makes no odds. Just of interest if related to the Pinnacle in the RNS. What do you make of the Texas address of Pinnacle:-
Registered Address
1110 NASA ROAD 1 SUITE 300
HOUSTON, TX 77058
United States
https://opencorporates.com/companies/us_tx/0800106782
Tesla next yes imo, I posted up the Elon articles earlier. Worth reading. No smoke without fire imo.
HorisM has got this right. Look at his figures.
FTH, Koreans (Kia/Hyundai) are making big moves and have a little catching up to do. They are moving very aggressively in the EV sector.
Hyundai sticks to EV rollout plans, sees solid growth this year
https://www.reuters.com/business/autos-transportation/hyundai-motors-q3-net-profit-rises-151-beats-forecasts-2023-10-26/
Sodium in Batteries: Shift May Herald Another Shakeup
Battery industry is starting to turn to sodium-ion products
If successful, it could yet again rejig metal demand outlook.
Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition.
Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium, which currently dominates batteries. But while chemically and structurally similar, sodium has yet to be used on a large scale, partly due to the better range and performance of similarly sized lithium cells.
That could be about to change. In the past week, Sweden’s Northvolt AB said it made a breakthrough with the technology, while Chinese EV maker BYD Co. signed a deal to build a $1.4 billion sodium-ion battery plant. China’s CATL already said in April that its sodium-based batteries will be used in some vehicles from this year.
“It’s serious investment,” said Rory McNulty, senior research analyst at Benchmark Mineral Intelligence. “It’s creating a confidence boost with them saying we are here to continue scaling capacity to commercialize this technology.”
If sodium products do prove successful, they could curb lithium consumption. It’s also a reminder of the perils of trying to forecast metals usage in a constantly evolving industry as companies seek cheaper and more efficient cells.
https://www.bloomberg.com/news/articles/2023-11-26/sodium-in-ev-and-storage-batteries-may-herald-another-shakeup
British Virgin Islands vehicle for PINNACLE INTERNATIONAL CAPITAL CORP. was setup this year: -
https://opencorpdata.com/lei/213800BBSD1VYOIUUK08
PINNACLE INTERNATIONAL CAPITAL CORP.
LEI: 213800BBSD1VYOIUUK08
British Virgin Islands, ROAD TOWN, C/O RAWLINSON & HUNTER LIMITED, WOODBOURNE HALL, P.O. BOX 3162, VG1110
FROM RNS:-
· a conditional subscription agreement, as first anticipated on 25 July 2023, to raise £2.5 million (the "Subscription") at 1.7 pence per ordinary share of 0.5 pence each from Pinnacle International Venture Capital Ltd, a newly incorporated entity managed by Pinnacle International Capital Corp. (together with its affiliates, "Pinnacle") (the "Subscription Agreement");
The potential Texas link re Pinnacle (PINNACLE INTERNATIONAL CAPITAL CORP.) intrigues me:-
Jurisdiction
Texas (US)
Registered Address
1110 NASA ROAD 1 SUITE 300
HOUSTON, TX 77058
United States
https://opencorporates.com/companies/us_tx/0800106782
I would buy more Tesla.
Why two weeks, could be anytime here. The cat is amongst the pigeons now. Other suitors would need to pounce soon imo. The clock is ticking.
Can sell entire holding. Should be an interesting afternoon. GLA.
Yes its great news all passed. AMTE will be gone, taken over by the New Year imo. MMs will rinse a few first as ever. GLA.
Tesla, Saudi Arabia in Early Talks for EV Factory
Kingdom is trying to boost foreign investment but has contentious history with Elon Musk
Saudi Arabia is in talks with Tesla TSLA -0.52%decrease; red down pointing triangle about setting up a manufacturing facility there, people familiar with the discussions said, as part of an ambitious push by the kingdom to secure metals needed for electric vehicles and help diversify its economy away from oil.
https://www.wsj.com/business/autos/tesla-saudi-arabia-in-early-talks-for-ev-factory-240cd075
No smoke without fire?
Elon Musk brands Saudi Arabia Tesla factory claims ‘utterly false’
Reports come as the billionaire ‘plays the field’ for a new manufacturing site
Elon Musk has denied Tesla is in talks to set up an electric vehicle factory in Saudi Arabia after a report claimed the company was holding early discussions with the Middle Eastern kingdom.
The Wall Street Journal reported that Tesla was in early stage negotiations with the Saudis about a possible factory, citing people familiar with the discussions.
It claimed any deal hinged on Saudis’ ability to broker access to vital metals needed for EV production.
Earlier this month officials from a Saudi state-backed investment fund were said to be negotiating with Namibia, Guinea and the Democratic Republic of Congo over a potential $15bn (£12bn) deal to invest in those countries’ cobalt and lithium mines. Both metals are vital for making electric cars and their batteries.
However, Mr Musk claimed the article was “utterly false” in a post on Twitter.
https://www.telegraph.co.uk/business/2023/09/18/elon-musk-tesla-saudi-arabia-factory-claims-utterly-false/
Yes agreed, if PIF they will go private imo buying all remaining shares and delist. EV is a founding pillar of Saudi Arabias economic future after oil.
Buying not possible scmdcyp? Maybe buy shares if not possible?
WHOIS for pinnacle.sa shows it was last updated today, IP address is in California.
IP Address 192.0.78.24 - 1,323,603 other sites hosted on this server
IP Location United States - California - Marina Del Rey - Early Registration Addresses
ASN United States AS2635 AUTOMATTIC, US (registered Oct 01, 2012)
Hosting History 1 change on 2 unique name servers over 2 years
Whois Record ( last updated on 2023-12-04 )
Domain Name: pinnacle.sa
Registrant:
شركة القمة الأولى للاستثمار
Address: *****************************************
************* ******
Unknown
Administrative Contact:
Yacob
Address: ***** *****
***** *****
*****
Technical Contact:
Yacob
Address: ***** *****
***** *****
*****
Name Servers:
ns41.cloudns.net
ns42.cloudns.net
DNSSEC: No