Member Info for SmoothOperater

Its a real possibility someone's loading up, with so few shares available the market makers have a real job working through £20k+ value trades.

Sleeping giant currently, once the quiet period is over thd PR campaign will begin because they need a shareholder vote to pass the RTO, so they will promote via interviews etc.

My own opinion is the quiet period will be over in October.

We're another day closer a reverse takeover of UPSA, another day closer to be rewarded.

The CPR gave an inferred NPV of £1.62 billion over 25 years, and there's potentially over 5 times more to mine.

After the RTO, the funds will be available to prove up to a higher level of confidence.

Currently, we are the vehicle to market for UPSA, upon RTO completion we'll be given a valuation for AMG shareholders, which will reflect a much higher valuation than today's share price.

You're going to make a profit here at any buy-in price, just as long as they get the deal over the line. IMO

I forgot to mention, the £1 billion valuation is for the 250 million tonnes only and they are holding back on the additional 1.35 billion tonnage as upside to be realised later (once independently verified and developed).

This is going straight to Mid-Cap status , as the reality is a potential £16 billion combined asset worth.

From 17th June RNS:

'UPSA has the commercialisation rights to a substantial pozzolanic silica alumina ("PSA") reserve in Australia with 99 years of extraction rights for 250 million tonnes (held by UPSA's extraction partner, 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. '

It's not really "just sand." UPSA's material is what's known as a supplementary cementitious material (SCM). SCMs are things like fly ash and slag that cement companies blend into concrete to cut CO² and improve strength. The problem is, supplies of those are shrinking as coal and steel plants close down. That's why the industry is hunting for big new sources of high-quality pozzolan.

UPSA say their deposit is unusually pure and huge, right on Asia's doorstep where cement demand is massive. Bulk shipping of raw materials isn't unusual - cement, clinker, iron ore and bauxite already move around the world in the same way.

As for the "£1,000 licence vs $1bn valuation" point, that's how early-stage resources work. Juniors pick up licences cheap, then the value comes from proving the scale, quality and commercial potential. The current share price only reflects today's cash shell (AMG), but the RTO process will give a valuation that reflects the UPSA asset, which is why investors see it as having much higher potential than today's market cap.

The real test will be the independent reports and offtake agreements - but if those line up, this could be a serious strategic play rather than "just sand."

You'll never beat hindsight trading... as long as they get this over the line, I'll be holding a further 18 months as the real growth will come after the RTO.

Terms are agreed, it can't fail during the quiet period, the risk is afterwards.

Patience will be rewarded

Terms are agreed, the quiet period is about the paperwork, recruitment etc.

Once everything has progressed enough, we'll be notified of a shareholder vote, and the PR campaign will start.

It's only going to be days or weeks away IMO

Those selling before the quiet period ends, don't know much about the RTO process, and the associated price drivers.

No suspension for non-compliance , getting ready for lift off

Nothing to be concerned about IMO, we're in the quiet period and it's the final stages of this RTO.

When news comes thd share price won't be here .

I think the Rto will happen sooner than people think, because we have been structured to be oven ready, since the failed RTO.

Looking forward to it, expecting the share price to increase a lot , when the company starts the PR process to the share holder vote, and then further on the RTO.

I don't think it was Rolf, but I do think whoever is missing from the bottom of an RNS (from then until now), is a big clue. IMO

Also they'll be no dilution before a shareholder vote , as per the last AGM vote.

Exactly that, this time around there's no spreadex seller, there's no leaks from you know who, and the largest shareholder is a director.

Awesome expecting your buy to be in profits on the next announcement / press release whichever comes first.

Mooching agree totally, I know they're determined to get this one over the line and done correctly.

Patience and slowly adding at this time.

I'm confident as can be they'll do it, and I'm looking forward to the 18 month expansion period Post-RTO, massive returns from this level.

Feels like the share price is being held in a range... that is until more progress is announced.