Member Info for SmoothOperater

Agree , they hold 209.5 million shares between them.. follow the money.!!!

I can see a road map to making life changing money here for me.

There's definitely a lot of background buying going on with the share price in this range.

Won't be this price forever, the parties involved with the reverse takeover are big players and this company looks like it's heading for a very bright future.

Not going to be AIM rubbish, this has real potential

Company's shares to the Official List of the FCA in the "commercial company" segment and to trading on the main market for listed securities of the London Stock Exchange plc.

Dilution and consolidation are typical in reverse takeovers.

MetalNRG is acting as the vehicle for the listing, and in this process, the issuing of new shares via CLN is inevitable to fund the acquisition and growth plans.

Since the company is acquiring a copper-producing mine, raising capital via issuing shares and potentially consolidating them is a standard approach to improving liquidity, and aligning the company's share structure for the market.

Dilution is a concern for existing shareholders.

However, in the context of an RTO, the injection of new assets (in this case, the Moroccan copper mine and possibly NINE other assets in the future) can provide significant growth potential that offsets the dilution.

Consolidation tends to happen when a company is preparing to position itself as a larger entity, such as Atlas Metals Group plc.

While dilution and consolidation may seem negative, they are also a sign that the company is expanding and repositioning for future opportunities.

The long-term value will depend on how successfully the management and new assets perform.

They can buy now or pay at a premium later, in my view.

This is main market listed and the new company has to have a minimum MCAP of £30 million to comply with UK main market listing rules.

Most likely £40 million plus.

RTO has binding Sales Purchase Agreement.. follow the money.

That's my strategy.!

Binding SPA with a huge amount of the legwork looks to have been completed.

Expecting a shorter suspension and new company with loads of growth potential.

Moving money from the impatient to the patient currently.

It's a main market Reverse Takeover, if the company doesn't have the funds readily available, they have to do a CLN because they can raise funds through issuing equity without the current need for a prospects.

It's standard practice.

The prospectus will come , with all the details nearer the time.

If you read the previous RNS , the company states , they are progressing with around TEN. Identified projects.

This is just the first in a line of acquisitions coming here.

Alliance news says : "The company expects also to enter into a strategic partnership with Managem to explore additional opportunities to collaborate on mining projects in Morocco and elsewhere," MetalNRG added.

Theres potential for several more of these transactions, coming here.

Certainly,

This is not just a loan, but a deal that includes the acquisition of a producing and profitable copper mine.

RTOs can be transformational for companies, potentially re-rating of the share price. So, it’s not just about the loan, it’s about the entire package and how it will change the company.

It's true some companies have struggled after getting loans from Orion, but each deal is different.

Without knowing the full details of this particular CLN, it's hard to say it will follow the same pattern. Plus, Orion has done successful deals as well, so this situation could turn out better.

MetalNRG is not only acquiring a profitable asset, but also forming a partnership with Managem, a well-established mining company.

This could lead to more opportunities beyond just this mine, which is being overlooked.

While dilution can happen with CLNs, we don’t yet know the specific terms.

Depending on how MetalNRG performs after the acquisition, the terms could actually turn out to be favorable for shareholders.

While copper prices matter, MetalNRG is buying a cash-generating mine that’s already profitable.

They could also expand production or find more reserves, which would increase their revenue even if copper prices don’t rise.

I think there’s more to this deal than just the loan. The acquisition and RTO could bring significant upside that’s being overlooked.

This looks very impressive,

The valuation,

depends on the risk profile, profitability , and growth prospects of the company but in a range of 1x to 5x revenue.

This is a well established mine with all the infrastructure in place.

Copper prices are volatile, and the company needs to be able to manage this and the debt.

The Oumejrane copper mine is located in the Eastern Anti-Atlas region of Morocco and has been operational since 2014, generating revenue of $28 million in 2023. The mine is profitable, employs around 300 people, and has significant expansion potential.

With the above paragraph from the RNS , and having the combined, financial backing of Orion Resource Partners, a New York-based global asset management firm, with the strategic partner of Managem S.A., a major mining company listed on the Casablanca Stock Exchange.

There's no reason to doubt a valuation of around 3x revenue, to give $84 million region MCAP of the new Company called Atlas Metals Group plc.

It's a binding contract and it's going to happen:

MetalNRG plc (LON:MNRG), the natural resources company, is pleased to announce that it has signed a binding sale and purchase agreement (the "SPA") to acquire the entire issued share capital of Compagnie Minière de Oumejrane ("CMO") from Managem S.A. ("Managem" or the "Seller"), a mining company listed on the Casablanca Stock Exchange in Morocco, with mining operations throughout Africa (the "Acquisition").

Acquisition of a producing Copper mine with $28 million revenue.

Yes of course, everything MNRG hold's will have a value added to it.

It's possible, this is just the first in a series of reverse takeovers and each time more value will be added.

No idea what the SP will be because the minimum MCAP is £30 million, I think it's most likely to be nearer £40 million.

It is the calm before the storm, going by the previous funding timeline, I'm expecting news this month.!!

You're welcome, the actual FCA rule covering this is:

LR 2.2.7R: This rule stipulates that an applicant for a Premium or Standard Listing on the Main Market must have a minimum market capitalisation of £30 million at the time of admission.

This rule applies to both new applicants and companies undergoing a reverse takeover (RTO), where the acquiring company needs to comply with all the eligibility requirements for listing.

The rule has been in for a couple of years now.

https://www.fca.org.uk/news/press-releases/fca-confirms-new-listing-rules-boost-growth-and-innovation