RE: Last minute lifeline!28 Jun 2023 21:35
No probs @itisagame and @isas
Here's my take on this situation; AMTE and UKBIC have been working closely on research for a while (https://www.electrive.com/2022/10/09/amte-joins-forces-with-ukbic/) and the UKBIC (also funded by Faraday) won't want to see AMTE - one of the last home grown battery companies go down the pan. If AMTE follow BritishVolt (albeit much smaller deal) the roles of UKBIC and Faraday will begin to seem pointless in terms of fostering a home grown and much needed battery industry. Let's also not forget, AMTE is not just another EV battery producer, their HP products have niche battery markets including H2 vehicles and home energy storage - with much less Lithium! The £1million handout is actually split 3 ways, but it's more the political message that will excite the market tomorrow, as ultimately this is a government funded bail out - and I think will just be the start (and rightly so!).
Anyway, back to the price once this snippet of news hits the mainstream somewhere tomorrow or they have another RNS there will be a pump - I expect at least 100%. Therefore I will be putting a big buy in very early to avoid the spread that will come later. Even with the spread you should be able to short it for a gain of 50% if that's you're game or a great opportunity to average down, swing trade etc.
The current market cap of 1.6m is ridiculous - it must be the lowest in the whole AIM market? Hell, we could probably all chip in and buy the lot!
GLA