Member Info for Quant

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

Just leaving this here, website under construction:-

https://pinnacle.sa/

HorisM, spot on, great post. We are in right at the start of the AMTE turnaround from being priced to bust.

Is anyone going to the meeting today?

There is much to look forward to, the worlds EV manufacturers are looking to ramp up hugely for the mass market globally and there is not enough Lithium mined in the world for that demand. Sodium is the answer imo. GLA

Get your vote in or go to the meeting in London on Monday to vote in person. Only a yes vote gets the deal over the line folks. GLA.

Good job pumpkin, top pumper and top carrot muncher on the board. It's coming home pumpkin. Can you smell it?

Out and about. Lol at today, classic MM/shorter gang fun and games. They know news is close and are stealing your shares. GLA

Great news today for lths. Been patiently waiting for months here. GLA

Yes, MM's facilitating by the look of it after cheap shares, hence their stooges posting earlier. Onwards!

Bergens last dump? I think it was a big one to be late reported of course. Trying to add what I can.

$600k? To end the Bergen death spiral nonsense. A small price to pay. Bergen will be gone very soon and good riddance. And you will be gone with them won't you. Interesting to see you all watching this BB like a hawk, belittling anything positive and insulting peoples intelligence whenever you can. Classic city behaviour, I hope many will learn from this BB.

I have simplified it naturally for easy consumption on this BB. Margin is close to 100% on a lot of ENETs offerings and it will have tax credits, ballpark figures but not far off imo. The company has reduced expenses/staff and will be much leaner going forwards. I expect you are another that thinks the mcap should be less than a million eh. Laughable

You seem a very keen deramper, well done.

If turnover is my projected $10 million pa then a very conservative P/E ratio of 8 gives us a projected $80 million market cap. Simple maths.

$80 million divided by 237 million shares (Total actually in issue right now) gives a price per share of 0.337 cents, or around 27p in GBP. This is what all these naysayers don't want you to know!

My projection again:-

ENET will likely generate in excess of $10m in 2024 imo with TARANA and Tier 1 US DOD Contractor as major clients on board.

New clients will also emerge as competition in Wireless broadband hots up. And sausage expects an mcap of less than £1 million. ENET IP is very valuable.

Once this remaining, fast disappearing, historical debt is cleared shortly we are off to blue skies and sausage knows it. Laughable....

Yes PROSPECTATOR, I haven't even factored PON in to my post. Naysayers here are off their nut.

ENET will likely generate in excess of $10m in 2024 imo with TARANA and Tier 1 US DOD Contractor as major clients on board.

New clients will also emerge as competition in Wireless broadband hots up. And sausage expects an mcap of less than £1 million. ENET IP is very valuable.

Once this remaining, fast disappearing, historical debt is cleared shortly we are off to blue skies and sausage knows it. Laughable....