Member Info for SmoothOperater

Chadwick delivers a massive opportunity for AMG shareholders

I thought it was close a fortnight ago, and now I'm thinking it's imminent.

They cannot dilute without a shareholder vote, so it's only the current small free float of available shares that will be in-play, when news lands.

The UPSA asset is multiples in value to the last one, and our MCAP is a minute £1.4m.

Positive news about getting the RTO done , will be like adding rocket fuel to the share price.

All the ingredients are there for a massive return longer-term, possibly life changing opportunity.

The waiting game is understandably frustrating and we're all guessing the time frame.

Some poster is writing the company off but behind closed doors is probably just as hopeful.

The company had loads to to do to make another rto happen, they'll need to get their financials in place, CPR, and call a general meeting for another share holder vote aswell as another prospectus.

All to play for IMO it's certainly not over and the upside could be massive long-term.

I'm 90/10 of positive outcome, we were all set up for an RTO due to the last one.

UPSA asset is by far bigger than the CMO opportunity.

I thought we might have got an update last week, it must be imminent , as there should have been several developments by now IMO

I've made no contact since the AGM, I'm happy to let them get on with it and update the market when there's something tangible to update.

As time goes by there must be developments for an update, and that's what I'm basing my expectations on.

Perhaps next week for an update but feel one is due

In the financial statements, the nominal value per share is a fixed base, for calculating the ceiling of how many shares the company can legally issue.

The conversion price, maybe different a different number.

The outcome is the company would have the authority to issue upto 3.3 billion shares at any price they decide appropriate.

Correction* it is 3.3 billion shares, I added too many 3's

Nominal value is £0.001 per ordinary share

It's upto 33.3 billion shares

Always going to drift with waiting time and no updates.

I'm not concerned in the slightest regarding current selling, watching the larger holders actions instead.

I fancy a positive update coming this week.. nothing to back it up other than the timeline.

Atlas will no longer be a junior hunting speculative assets.

In effect it will be a corporate shell transformed into a large-scale industrial minerals group, whose sole meaningful asset will be the UPSA resource.

They may hold legacy assets, but most likely they'll be offloaded somehow. IMO

News isn't far away now IMO

Correct it should, perhaps it hasn't yet completed or there's still further work to tie into an RNS.

There's also been no RNS to say it isn't happening, so it's as you are.

Totally under the radar currently, it's nearly a month since the LOI was published in an RNS.

Most likely only a few weeks away from another update, regarding the proposed RTO.

If the transaction completes, it will move AMG away from junior MCAP status.

When the media campaign starts, it would indicate sufficient progress, the RTO is likely to go through.

This looks an exciting prospect, offering carbon credits is possibly transformational looking further ahead.

If they manage to get the RTO over the line.

Crikey, I don't hold much hope for much of a return current shareholders TBH

Ouch