rns news - seems ok |
2p getting closer. |
 No deramping needed given the account and funds needing to be raised again.
"...Based on the forecasts, additional funding will be required within the next 12 months for the purpose of envisaged capital and exploration projects without a strategic partner. As the Group is also entering a new market with reference to lithium sales, which are close to near-term production, the cash flow forecast has assumed the successful completion of the lithium pilot plant and the tantalum circuit in order to deliver the business strategy. The need for further funding would be required for additional exploration and capital projects as well as studies related to the feasibility of the future growth phases. The Group believes it has several options available to it, including but not limited to, use of the overdraft facility, restructuring of the debt, additional debt or equity, cost reduction strategies as well as potential offtake arrangements. The Directors are already at an advanced stage of securing additional funding through the bank mentioned above as well as other finance for the next 12 months. However, this is yet to be finalised as at the date of approval of the financial statements. Thus, the Group is reliant on additional funding which is not guaranteed. This indicates the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern and, therefore, the Group may be unable to realise its assets and discharge its liabilities in the ordinary course of business.
As a result of their review, and despite the aforementioned material uncertainty, the Directors have confidence in the Group's forecasts and that additional funding will be forthcoming. Accordingly, the Directors continue to adopt the going concern basis in preparing the consolidated financial statements.
The financial statements do not include any adjustments that would result if the Group were unable to continue as a going concern..." |
Great news today . Some need to brush up on the skills of de-ramping |
Total comprehensive loss for the year (11 920 926)2p coming |
Not seeing it holding this rise for long. |
Unacceptably disingenuous. You have to scroll a long way to get to the bad stuff and they seem hardly able to convince themselves that it was all (again) a once-off, let alone convince us. |
Maybe, but £8.9m loss overall. |
Slightly disingenuous reporting.
Total revenue £18m
cost of sales £16.2m
There's your gross profit.
Then there's £10m admin costs
Loss for year £8.9m
Total loss £12m |
Gross profit for the year £1.7 million |
How many years can they run a massive loss? |
FWIW, according to the tradingeconomics.com the lithium spot price has had its first (small) uptick since the 8th of April. That is, the price has been falling steadily since then with no uptick at all until yesterday. |
The banks support them which is good.
Tin price should pay the running costs.
Tantalum giving a small profit.
Lithium giving a profit.
Will we ever see a lithium plant deal? |
Great listen and interview . Most investors don't get how big of a deal it was last week . |
https://x.com/andrada_mining/status/1823634611622031688?s=46&t=5mOEYzBTM8ZZ17RcV_E7Zw |
I feel sorry for those who sold yesterday. |
Everything announced on Friday was exactly as previously detailed in the RNS of 27th June, and previous CLN agreement; so there should have been no surprises there to speak of.
The positive to take from the conclusion of the deal with the SMU is that it's now done and dusted, as the deal had to be formally given the green-light by the Namibian Government.
This deal tidies-up ATM corporate structure and assets, which may well be the catalyst for current and future deals to go ahead/be concluded.
The overall dilution of everything announced on Friday was only about 4.6%, even at the current lowly share price. This is in comparison to the share price of 3.95p on 27th June when these terms were first detailed, which actually rose slightly on the day. We're now trading 21.5% lower on, essentially, no new news. |
Lots of new stocks being issued for CLN interest and few other things... |
Albemarle cutting back on lithium due to low prices. The EU are reactivating a lithium mine in Serbia as a political way of strengthening ties to the West for them and supply local car factories.
I can see ATM having the lithium add-on, but not getting finance for a big plant. The world has changed. |
ATM WATCHLIST
xXTiPSXHEETSXx |
Lithium moving back to all time low
And Jaguar have lost the plot,imo
Edit, and Volvo. |
consolidating. hold firm |
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