The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good morning Truthfactory.
Oh I agree. The 2 companies are on a different scale. Was just going by funding alone. There is currently only 1 factory in the uk making batteries at the moment. The Uk needs more, not just this Land Rover plant.
Amte is not just a car battery company though. It has other new energy products to bring to the market. The factory is planned to be built in Dundee.
I agree again. The outlook is grim. Outside funding is desperately needed
They have been notoriously shocking since day 1 in updating shareholders of any kind of news.
Interesting that the government have just announced that they are helping Land Rover Jaguar in building a £4bn gigafactory in Somerset. Talks had been going on for 9 months apparently but Amte had a big issue with the government not helping hence they were thinking of moving to America. Can’t see the government helping one & not the other but Amte must be struggling to find other backers as the government will not stump up all the money for their own gigafactory. Still in the balance is the future of Amte Power.
Rampers & hypers Smartpunter all in to make quick money
I hope the government stance on funding has changed on green energy as this was part of Amte’s problem hence they were thinking on moving to America where companies are being helped in this sector.
So you’re saying the company is about to be saved on a £1m reward split 3 ways accounting to £333,333.
Unbelievable lol
Awarded £1m!! That’s not going to save the company. It’ll help obviously short term but big financial backing is needed to save Amte & drive it forward to build a gigafactory as planned.
Until an official announcement is made your gambling & mm’s are playing there games.
The concept & products of Amte isn’t the problem it’s simply a cash flow problem. People getting hooked up on the car battery side alone but if you take time out to read what there all about there is far more to this company.
The governments hand here to change there stance. Can’t see it working. They’re stupidly not willing to help UK companies with green energy even though they’re desperately trying to hit the Paris Climate plan target by 2030. EU & US companies are pumping billions into green energy companies but our governments stance on it is, “they were planning on building factories anyway so why should we help them”. Very short sighted.
Amte desperately need help & it doesn’t look like coming from the government so hopefully somebody does come in but it could possibly mean a relocation.
It is generally reported that plans for battery factories in the UK are in short supply but they seem to be happy to drive possibly another away or to the wall. Also neglecting the thousands of jobs it would create & boost the economy. A decision that in years to come will be regretted when we are years behind most countries that are in the forefront of green energy thinking.
Fingers crossed a solution is found quickly.
Just another piece of the jigsaw. No concrete contracts, orders, figures or numbers hence no significant sp rise
https://www.proactiveinvestors.co.uk/companies/news/1012337/amte-power-latest-to-mull-us-shift-hunt-slams-biden-s-subsidies-1012337.html?rel=scroll
Absolutely ridiculous & foolish to let companies with big prospects & employment opportunities just up & leave. On a good note with this news Amte are still on track regardless of RNS’s updating us on anything basically.
I understand what you say DugWalker & your theory does make sense but there already is a delay as first gas was reported to be 1st April. We haven’t had any news saying this has or hasn’t happened nor news that first gas will now be on the 24th. I’m invested & behind the company just think we should be informed as to what is happening.
Are we to expect an RNS in the morning saying gas sales have commenced to BP from 1st April as said in the RNS of 14th Feb or are we just to presume it’s started?
Hoping for an RNS to confirm this personally for the exposure & to confirm this has happened.
Talks with Miif have supposedly been ongoing for a while & both sides repeatedly reporting some kind of partnership deal. Miif would of course want the best deal possible then bang overnight they get a discount they never imagined. 38p down to a current price of 26. There’s your discount. Obviously these things don’t happen quickly but an RNS of a deal could drop any day now.
With the recent director buys the board will be working hell for leather to restore the sp or actually maybe not as they know what a good thing they’re onto. The sp will recover in its own time anyway as the recent shenanigans will be forgotten & investors realise it’s just all about making money.
After a long journey major milestones are upon us within a few short months. Miif deal, the DFS & the big one, the mining licence. Once these are bagged the train will definitely leave the station & 26p will be a distant memory never to return. GLA
Where has selling to Ghanaian market come from & in any case why would you sell to someone if you can get a lot more elsewhere? Directors are buying so they like us want a return & the sp to rise hence selling to the highest bidder.
RNS. It’s all there to remind the recent sellers what they’re missing out on & withstand the current holders that remained that we are on course.
No mention & no need to respond to the recent rubbish, why should they. It’s nonsense & for others to prove otherwise after their initial RNS saying so.
This is a bargain at these prices. Expecting a few blue days ahead for a re trace. GLA