Member Info for SmoothOperater

Claystone/ Clift combined own 31.7% of UPSA.

They hold a major economic interest in UPSA.

Voting control was separately concentrated to International Corporate Finance Ltd.

1.35 billion tonnes of PSA reserves is very much part of the stratosperic future.

' William Clift and his company, Claystone International Pty Ltd ("Claystone")). Claystone has a further 1.35 billion tonnes of PSA reserves over which UPSA has the rights to extract. '

Full potential is stratospheric

Looks to me like broker-facilitated inventory transfers.

Most likely from the 5.5m ATM stock, these are not on-the-market trades and do not effect the market price.

They are being absorbed at increasingly higher prices to indicate there is real demand for stock.

The question is who is accumulating under the radar.

And you cannot see the wood for the trees, the asset already supports 29 year life of mine production and Post-RTO valuation already exceeds £100m.

Looking forward to seeing the prospectus.

AMG is going to be worth around 3% of the enlarged post-RTO company.

How much that value is depends on the new company's market capitalisation.

I'd be very surprised if any serious investor listened to the likes of Chipsta, Spooky & Co as they provide nothing material and just create noise for their own narrative.

They come across a childish and weak minded.

They cannot argue against the asset as it has now been assessed by SLR Consulting as the RTO process continues at it's own timeline.

Amadan, using only half of the resource supports virtually a 30 year mine at 3m tonnes per year.

Once the infrastructure is constructed and in full production 5m tonnes per year becones achievable with relatively low CAPEX expansion.

3m tonnes is enough to get majors interested.

5m tonnes will ensure majors takes offtakes.

Currently the market is offering high quality acorns at 9p each.

The longer it takes the bigger the RTO will be.

The asset is already proven to the economics, I suspect they will be trying to finalise offtakes etc on the back of it.

The proposals look like standard housekeeping before an RTO, deferred shares will be eliminated from the share structure.. no sign of massive dilution.. they are gearing up for completion.

You have had plenty of time to load up and still have. If this is not for you then move on.

The bottom line is, they have covered the economics for the RTO using just 2 of the 4 lots giving around a further 100% expansion prospect.

Not only that but the majority of all the risk is contained within the period of initial RTO to full production.

Capex and risk would be massively reduced for expansion.

The overall district, could contain up to 1.35bn tonnes, the potential returns are phenomenal for a fully realised resource.

That's 25p - 75p equivalent for AMG shareholders holdings.

Spooky comes across as someone with a weak childish brain not cut out for investing.

Down again is just another troll...

They cannot attack the resource as it is fundamentally proven against the economics of the RTO, so they attack the short term shareprice and other posters.

People can see right through them.

There's enough publicly known information to estimate the relist price range is 25p - 75p

345k trade is a stock transfer with execution price at VWAP.

Institutional / broker accumulation.

This is outstanding:

' UPSA reverse takeover progress. On 16 February 2026, SLR Consulting (Australasia) Pty Ltd,

an independent technical adviser, confirmed measured reserves of 86.5 million tonnes on Lots 7

and 8 of the UPSA project, which exceeds the threshold for the AUS$3.4 billion net present value

referenced in the proposed reverse takeover.'

UPSA has lots 5, 6, 7 & 8 (160mt inferred) the above has 86.5mt (measured) from 2 of 4 lots.

The resource has the capacity for a £multi-billion MCAP company.

Potential unicorn for real investors.

Correct, the valuation range can be estimated using the same methods institutional's use.

Looking forward to seeing the prospectus/ circular as we know, there is enough of the asset now JORC compliant to measured category to construct a processing plant.

The economics is shaping up on the back of the resource upgrade.

There's still potential valuation multipliers from where the company will position themselves, and the carbon credits alone could bring in specialised investment.

AMG could end up having 3% of a very large piece , through to expansion and full production.

It won't reach 250p until they are producing 5mtpa.

Current economic modelling is 3mtpa, lots 7&8 (measured) already confirm modelling.

Lots 5&6 (inferred) are for expansion.

Total 160mt (inferred) , 86.5mt (JORC measured with 29yr LoM)

5mtpa production would be a multi billion MCAP company.

10th September RNS, signed SPA:

' as results in the Atlas shareholders holding such number of Atlas ordinary shares as is equal to 3% of the assumed fully diluted share capital of the enlarged Company,'

Today's AMG MCAP £3m is valuing enlarged company just over £100m

I've made no secret my target price is 250p+

The resource and economics looks to be a real possibility.

My view is if the relist is 25p then ten times that value

50p then five times that value

No chance ... 25p is worst case