Member Info for SmoothOperater

Carmzy has finally lost it Lol

The updates to several confirmation statements indicate that the company has undertaken a thorough review of it's filings and corrected inaccuracies to ensure compliance with legal requirements and maintain transparency.

In a broader context, it suggests that AMG is preparing for significant corporate actions, specifically a reverse takeover.

Looks like the company has been getting their filings in order on companies house.. wonder why?

Something concrete going to happen

Copper1,

They did raise £475,000 in November, but it was in the context of raising another £15 million and RTO completion in December.

I doubt they raised sufficient funds to last beyond the failed RTO.

Amadan, look at the evidence..

The company is not generating an income and should have raised in January/February.

There's a vacant seat in the boardroom.

The RNS update said they are in discussions with potential acquisition targets.

We're heading towards mid-March.

If the discussions have gone well and there's an RTO agreement in the pipeline ;

It would explain the lack of a fundraising.

It would explain the reason of a vacant boardroom seat and why it hasn't been filled.

It would explain why no further updates have been given as to the discussions, and these discussions are solely for an acquisition through a reverse takeover.

Actions speak louder than words, in situations like AMG is in at the moment, we're all just waiting for the next update.

News could come at any time.. everyday is a day nearer!!

I'm expecting an update this month but I suppose they have to have something of substance to put into an RNS. So if they do it will be worth reading and hopefully a price mover.

Past Performance Is No Guarantee of Future Results

This company is on the next phase of it's journey as it's had to start the RTO process again.

Carmzy, you should really know the most basic rule of finance as it breaks down your constant bloating and making you look a fool;

Performance Is No Guarantee of Future Results

Calm before the storm?

Today's the last trading day in February, sounds like March is going to be quite exciting.

I'm glad I've increased my holdings over the last two months.

Good Luck shareholders

Chadwick's comments was pretty clear in January 17th RNS corporate update:

Commenting Christopher Chadwick, CEO of Atlas Metals, said: "Whilst it was obviously disappointing that we could not conclude the acquisition of CMO, I am very pleased with the quality and breadth of the alternative acquisition opportunities that are being presented. The Atlas Metals strategy remains unchanged and I am fully committed to building a global natural resources business to deliver industry leading returns to shareholders through a consolidation of tier two assets over the next five years. I look forward to providing further updates in due course as discussions progress."

Certainly doesn't sound like they have given up.

I'd say the failed RTO was a major disappointment and they are moving forward to source more acquisitions.

Take Aim,

They have had the authority, to dilute shareholders by 33%, since December 5th 2024.

Why do you think haven't they issued any shares to raise funds?

As far as I'm concerned, they are helping shareholders by not doing the above.

It looks to me like they are saving their ammo for an RTO deal.

News could come at any time and only when it's ready.

From January 17th RNS, 6 weeks ago:

"management have been examining and engaging in discussions with a number of other potential acquisition targets, which are primarily producing assets focused on copper and gold in Africa."

Engaging in discussions means discussing terms of a deal.

Expecting RTO terms agreement in next few weeks if the talks were successful. Giving that the company has a pool of potential target assets, I doubt that these were the first talks the company had with them.

Regarding the last failed RTO, it did take several months for the company to produce a terms agreement RNS, which is unusually longer than the typical timeframe.

How the deal ended up with another company taking ownership in such a short timescale, strongly suggests a bidding process was involved.

A bidding process would explain the length of time for terms agreement RNS.

A bidding process would explain the reason how quickly another company would have completed their due diligence in record time.

The other company paying, the exact same price as AMG, shortly after a SPA default on stop date, is the strongest indicator, they had upped their offer to our to seal the deal.

All companies list to raise funds, in this case to expand and create value within assets.

AMG only has 14.7 million shares, there's plenty of scope to raise capital for the right assets.

AMG strategy is to consolidate producing assets whilst expanding them creating shareholder value.

The structure of the deals are not known but the seller and buyer needs to be happy before a deal is finalised.

Mooching, the latest development is:

January 28, 2025 - The Tribunal holds a hearing on quantum by video conference.

The above means liability has been determined, and the court is now deliberating on the compensation payable.

Completion is most likely sometime in H2, as that would would be a typical timeframe.

Copper1 , you wish and judging by your strong sell viewpoint, you don't warrant much more of a reply other than there's plenty of information contained within previous RNS announcements, to determine a pool of target assets were already in play and the company the company has indeed focused on a number of them for further discussions.

Do you think in these discussions they are talking about the weather? They would be discussing a potential terms agreement, usually wrapped up within 3 calendar months for an agreement to be put into an RNS.

In the meantime, the price of copper is heading north.

Expecting compensation in H2 and then they'll probably sell the asset.

The court is currently deliberating the amount.

RTO news will come before that in Q1/Q2

C'mon Carmzy, I can explain for you in simple terms:

The value of AMG, is not found in today's share price, instead it is contained within the mechanism of a reverse takeover.

The company will be given a value , in it's entirety (assets,cash, listing, debts) .This value will be our cut of the future company post-RTO.

Today's share price, naturally does not reflect the above value from an RTO.

The last RTO, did contain a value, and according to the Hannam notes, it was TEN TIMES higher than today's share price.

So, the company only has to complete a reverse takeover, and regardless of how big the deal is (for a producing asset) the future value for current shareholders is multiples of today's price.

With a small MCAP of £1.37 million and only 14.7 million shares in issue, the share price is primed to re-rate on the next RTO of a producing asset.

Only needs to produce an overall MCAP of £30 million to stay listed on the main market, if the next RTO is less , then it may well have to drop down a market but the share price will still re-rate, and the company's growth strategy is to consolidate more assets into the company.

LOL who wants to be out of this over the weekend?

Everyday is a day nearer another RTO.