Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Nothing much of any real substance to get you excited there or to lift the sp. 5 Mou’s. Testing still with potential customers. One order shipped to a customer. No contracts mentioned with leading players, eg BMW, Cosworth. Hopefully these are the one’s still at testing stage. Gigafactory production planned for 2026. Led previously to believe it was 2025. Financing for the gigafactory not mentioned but obviously a major issue to be addressed.
As a LTH stuck here sp wise I’ll try average down when possible. A very long frustrating time ahead with little or no news updates.
Thanks for the info 1970john. 6 monthly chart has as many ups & downs as waves on the sea. Traded & manipulated. Not a ridiculous amount of shares in issue so sp easily moved with reasonable volume makes it attractive to traders. Do you know what percentage of shares the board hold compared to the trading public?
Not sure if you’ve fully done your homework on Amte but they’re not just focused on batteries which alone have Mou’s with major companies. Granted these are not written contracts but if all goes well could turn into one. What they have are future transformational products in energy storage.
I said they would need cash but production has actually started at UKBIC which will bring in revenue. Funding for the gigafactory is what I’m really referring to. I’ve said many times Amte potentially have a big future but frustrates the life out of me with next to no updates & news.
Wouldn’t say it was overvalued in regards to what they have it’s just ridiculously marketed & shareholder relations have always been an issue. The sp now is just above its historical low from the opening float & IPO price of 171p. Agree though that cash flow will be needed. Results & update is due 3rd March but why isn’t news updated to shareholders through RNS,s. It’s a legal requirement.
It’s enough to test the patience of any saint being here. No operational news since 6th October. Over 6 months ago. I thought shareholder communication had been addressed?
As you say someone’s confident. Pre buying with small sp rises have occurred before leading up to news & RNS releases. News imminent possibly. We must be due some sort of update as without looking back October seems to be the last time we heard of where we’re at production & deals wise. Concrete news of deals in the bag would be greatly received here instead of an Mou as is with Cosworth. Aston Martin would indeed be a valuable & creditable addition along with Lotus. 3 top quality car makers on board would be massive news to hopefully give us a much needed sp boost. Fingers crossed eh!!
Only 36 million shares in issue so as you say it doesn’t take much to move the sp. Pretty sure that will change though as some kind of funding will be required.
It wasn’t so long back that Amte were reported to be in partnership with Britishvolt. Dodged a bullet there.
https://news.sky.com/story/britishvolt-collapse-should-spark-debate-on-whether-it-was-actually-needed-12788736
Apart from the first couple of weeks when the sp went up after the float & IPO of 171p when a lot of holders bought in its been a dismal sp decline for us Amte holders which everyone must be holding at a loss now.
When I thought the sp couldn’t drop lower it continues to do so. Need some concrete news & income to kick start this back to some sort of reality. Gigafactory not producing until Q3 2025 which seems too far away to me considering some production is being farmed at UKBIC now.
My faith in what they have & are try to do has never faltered but god it’s a painful & long journey we’re on.
With both these big start up gigafactories demand will only get bigger & drive up prices.
https://www.energy-storage.news/american-battery-factory-chooses-tucson-arizona-for-first-lfp-facility/
https://www.energy-storage.news/freyr-raises-us265-million-and-forms-nidec-jv/
Taken from the RNS 23rd August
The Company is trading in-line with the Board's expectations and expects to announce its full year results for the year ended 30 June 2022 in November.
Late but hopefully it will drop tomorrow with some sale figures & more good news to boost the SP
Today with some decent buys. One big sell though. Possibly an RNS in the morning or just wishful thinking.
H2 2024 isn’t 2 years away & production could possibly start before then plus why do spodumene prices have to come down? No indication at all they will & even if they did the very conservative price our asset is valued on it will still look very attractive.
I raised the question a couple of weeks back regarding how & why it takes so long to acquire a mining license but don’t recall anyone discussing the process.
Company reports are predicting 12 months from application but to get Ghana up & running & on the map as a Lithium exporter could & would the Ghanaian government fast track it?
Could All & Piedmont move quicker if granted sooner? Both questions none of us can answer but something to ponder.
100% hear you LL. Everyone will have made mistakes in shares. I definitely have. That’s why I’m sitting on what I have on this one & here for the ride. There’s many a share to invest in & finding a good one is a tough ask but don’t think we’ll find one better than this.
Can’t blame investors trading & taking profit but there’s so much upside to this & nobody would forgive themselves missing the boat.. Many multiples have been forecast & couldn’t rule out anything. Trading opportunities have come here but it’s getting to the point where maybe true value is coming. Said that a few times too!!!