Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don’t confuse cost with value with a white elephant
The airport burns cash-and will do for years ahead.zit has a value but nowhere near the money spent developing it
Are you prepared to invest north of £4m Joe?Just to pay Arena back?
This needs a lot of money thrown at it-at least £10m to stabilise it then major surgery at the board level
I reckon the equity is worth zero to be honest mate-very clear what Carlyle’s intentions are and it’s not for shareholders
Well it’s pretty clear there is a breach, albeit a technical one-probably interest covenants.
This is heading towards administration in my opinion with Carlyle taking Southend-the bondholders will likely get nothing.
Get out while you can-it’s toast
Sorry mate-I missed that so -apologies.I have no connection and I’m under restrictive covenant in the space anyway.
I learned a lot about the space from a standing start a few years ago and sold a company that was in the applications side.
What did I learn?Johnson Matthey exiting the space a few years ago was a massive red flag-highlighting the lack of margin in cell manufacture and the fact that billions were being spent on chemistry innovation.
When I was selling, I remember one of the suitors saying very clearly that there were good pickings to be had in the sector but you had to be smart.He was absolutely right-cells constitute a high proportion of the bill of materials in most applications so even further up the supply chain, margins were pretty low-in our case around 25pc
So AMTE in my opinion fell into the trap of trying to manufacture in a low margin environment, looking to sell into notoriously difficult automotive and energy storage OEMs-therein lies the fundamental problem with this company.
Anyway good luck all-there is nothing here for equity
He’s a natural loser-and can’t stand the fact that someone without any conflict in their head has called this car crash right.All the way through.
Rampers don’t like hearing the truth-their operation relies on fantasy and FOMO-and boy has joe80 got nothing spades.Report me to the FCA Joe-they wil simply agree I was right
Well I know a lot about batteries, applications and supply chains-and I can tell you BV was a joke and to suggest Amte were smart in having a facility in the far north is wrong-why are Envision next door to Nissan?
Automotive supply chains tend to be very close knit post covid-and nobody lives up in Caithness!
This company failed because its business plan was rubbish-plain and simple.To blame external players,like the government, is wrong.Across the world billions are being poured into cell and chemistry development-and AMTE could even raise £4m!That tells you all you need to know
I know a bit about BV as it’s close to me-a total fantasy.No chemistry, no customers, no facility-just a load of hope on some derelict land.The key players splurged money like you wouldn’t believe on Porsches and high living.The government played a blinder-show us the commercial viability and we will back-answer came there on.As you know, Envision are just down the road and are expanding their facility because they feed Nissan
FRP should be allowed to do their job-they will be preparing a report which will cover director conduct
Sadly there is no box on the report forms for being stupid
Let’s face it, they have been looking for £4m for nearly 8 months-and got nowhere because of the state of the balance sheet and the revised plan which I thought was poor-and I told them at the time
FRP are pretty good operators but you will recall their main aim is to get the best deal for creditors-and there are plenty here.
Equity is at the bottom of the pile
Im afraid its 99.9pc certain the shareholders will get nothing.Appalling as I’ve been there myself.Best thing to do is avoid wasting energy and find something a bit more productive
Note again ‘sale of business and assets’ in RNS-not sale of the company.Torched.
Having seen the revised plan I’m not surprised it’s come to this-which is why I have repeatedly called it out.The directors, tucked away in the far north of Scotland, really had no idea about the markets they were planning to ‘exploit’
This was a company with some interesting but not commercialised IP-that’s about it
As for your foul language, I’m sure your mother wouldn’t approve of it or losing all your pocket money
It’s a pre pack.I said after the last RNS to look at the wording of ‘interest in business and assets of the company’ Note it did not say ‘interest in the company’
Subtle but relevant-I reckon the IP and that’s it.Rest torched.
It’s a shell-if it’s not, prove it.Im all ears
As for the shares, how many of the 61pc are ‘sweet equity’ is free??
You may say that but big was right, you loser.
Maybe listen to an alternative view next time
No contracts, no volume capability, miles from anywhere and a pipedream in Dundee-only difference from BV was they had some interesting chemistry.
The valuation on IPO was a joke-and as I said a few days ago, it’s a trade and asset deal with the secured creditors getting all the value.
Nothing to do with the government-just a company with a crap plan in a low margin sector.I got pilloried for saying all this-thankfully they suspended the shares to stop the insane ramping
Horis-AMTE had a terrible business plan.Trust me-it was unfundable if you know anything about the sector
Sorry to see that for all of you-onwards and upwards
You know you’ve won the argument when the ‘why are you here?’ is trotted out
I’m here because I’m waiting to see if he can pull of the Sudanese deal
And by the way, was that RNS you posted written by David Brent or a 5 year old ?