Atome Share Discussion Threads

[activmojo] 02/11/2023 15:21

You are correct it was delayed, but it thought it was delivered. I'll see if I can find confirmation.
CPH2 did buy shares in ATOME Dec 2022

[mcunliffe1] 02/11/2023 11:58

OK. I've seen the 1 thumbs-down to my post 495 and although I'd always prefer a counter-post to explain why looking at Activmojo's post 497 allowed me to research a little more.

I see that membrane free from CPH2 is being used - hence James Cropper (CRPR) is irrelevant.

This link:

provides me with the knowledge that the 1MW unit from CPH2 was meant to be delivered by end of 2022.

I also read that this is delayed and was expected to ship end of first qty 2023.

Then I've read it is expected to be received during the first half of 2023.

So, anybody know if this kit has yet arrived?

[activmojo] 02/11/2023 07:48

Looking positive on the membrane free technology.

[mcunliffe1] 31/10/2023 11:55

I seem to remember some delay in the electrolyser(s) being delivered to the Paraguay project.

Is that part now resolved.

I picked-up an interesting link to a small company called James Cropper (CRPR). Based in Kendal they are a papermaker but with expertise in technical coatings that appear to be essential for electrolysis cells - the membrane coatings.

The finacial report suggested CRPR may be worth a punt.

[vatnabrekk] 31/10/2023 11:29

I seem to recall that from the very start the timeline was always going to be a few years and I'm not aware that there has been any slippage on that, not with the Paraguay project anyway. But there has been slippage on Iceland.

[mcunliffe1] 31/10/2023 11:10

Maybe it's the steady progression. Delight in the first instance than reading the update in detail shows that speed seems not to be of the essence here.

It's my grandkids who hold this stock in their trust funds that I manage. At their age there's time for this to get to the production stage and start to benefit them. I'd prefer to see it myself though whilst still on this planet.

[vatnabrekk] 31/10/2023 10:41

Strange market reaction!

[activmojo] 31/10/2023 09:33

Very reassuring update from Atome, steadily progressing key milestones in Paraguay clear view to build Villeta green fertiliser project.

[vatnabrekk] 31/10/2023 07:54

Excellent news!

[all in eol] 31/10/2023 07:04

31 October 2023

ATOME ENERGY PLC

("ATOME", "the Company", or "the Group")

Update on Paraguay Operations

ATOME Energy (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, which is progressing large-scale projects of 445MW in Paraguay provides an update on progress on its current major projects.

Summary:


-- Front-end engineering design ("FEED") for the Villeta Project, Paraguay nearing completion with engineering,
procurement and construction ("EPC") discussions at advanced stage

-- Environmental licence granted - tax-free zone status expected shortly

-- The Board is increasingly confident that the debt financing component of the project can be achieved

-- Significant carbon credit potential from the Villeta Project following independent estimates of up to 550,000
tons of CO2eq displaced per year with new Paraguay law expected to support monetisation of carbon credits

-- 300MW Yguazu Project progresses
Villeta 145 MW Phase I Villeta Project

ATOME is pleased to report the continued progress is being made in relation to this project:

FEED and EPC nearing completion

The FEED study is nearing completion, and advanced discussions and negotiations are currently ongoing in relation to the EPC contract with the main and specialist sub-contractors, led on ATOME's behalf by the Owner's Engineer, AECOM, the international engineering consultancy. Completion of the EPC contract is a prerequisite for taking final investment decision ("FID").

Environmental license granted and tax-free zone approved

On the ground, following a thorough process, the Environmental Licence has now been granted to ATOME by Paraguay's Ministry of Environment and Sustainable Development. This is a key project document which gives ATOME the rights to commence preparation and clearance of the Villeta site and enables all necessary permitting from construction to operation of the production facility.

In addition, the grant of the tax-free zone has passed through all the necessary inter-governmental processes and awaits only signing off by Presidential decree which is expected shortly. All of this has been achieved with the support of the Government whose backing for this project has been key. Tax free zone status will provide significant financial benefits to the project and its funders.

Phase I Villeta debt financing has seen a strong level of interest

In respect of debt financing, significant expressions of interest have already been received from both Development Finance Institutions and international banks. Whilst work continues in relation to this, the strong level of interest shown to date has demonstrated the financeability of the Company's first industrial scale green fertiliser project and the Board is increasingly confident that the required debt financing component can be achieved.

It is worth repeating that the debt financing discussed is at the project level which would provide significant value to ATOME shareholders. We will provide further updates to shareholders on the timing of all aspects of the project financing.

Sustainability credentials bring significant Carbon Credits opportunity

Further to the Company's August announcement of its preliminary carbon footprint analysis of its CAN product, ATOME can confirm that the Company's estimates have been independently reviewed by the specialist sustainability division of its Owner's Engineer AECOM, which has assessed that ATOME's green calcium ammonium nitrate ("CAN") fertiliser is estimated to have a significantly lower carbon footprint than current grey alternatives, potentially displacing up to 550,000 tons of CO2eq per year versus an imported and applied grey CAN fertiliser in the Paraguay market.

This provides ATOME with a potentially significant value-added part of the business in respect of any sale of these credits. The future value of any projected offsets has also now been potentially significantly increased by the new carbon credit law in Paraguay enacted this month under which there is a Government backed verification and certification procedure for qualifying credits to make them more acceptable in the global carbon market.

300MW project in Paraguay code named Yguazu

The Yguazu project is over twice the size of the world-scale Villeta facility and, after discussions with state energy provider ANDE, studies are being embarked upon to identify the best place to locate the Yguazu facility.

With the FEED study on Villeta now available to the Company, lessons learned from Phase I, together with ATOME's own infrastructure and professional teams, means that the Company will be in a position to expedite this major project and others when the time comes. Both contractors and funders are aware that participation in Phase I Villeta will confer early mover advantage for the next major project.

Olivier Mussat, CEO, commented: "One by one, milestones continue to be achieved by ATOME as our flagship world-scale green fertiliser project at Villeta, Paraguay proceeds.

"The critical environmental licence has been obtained, a mandatory step in the project development, opening the door to move to site clearance as the first step of operations, with the additional benefit of enabling the formal decree for tax-free zone status to be granted in the near future.

"The level and nature of the significant interest in the debt component of the Villeta project finance is very encouraging, demonstrating international as well as local financing interest in our project which has both strong economic viability as well as clear development impact thanks to its green credentials.

"It is an increasingly busy time for ATOME and we will continue to keep shareholders appraised of our progress."

[all in eol] 24/10/2023 19:51

📺 Watch this recent interview with President @SantiPenap at @TheWilsonCenter for an engaging discussion, highlighting Paraguay's ambitions, stability & clean energy partnerships with green fertiliser as the prime use case for the h2 economy in Paraguay

[chris cat] 03/10/2023 13:18

See release on Tiwtter....House Broker share price Angel raises Price target slightly to £2

[lordmason] 29/9/2023 17:29

Sorry I meant Villeta finance in place by end of 2023, within 3 months.

[lordmason] 29/9/2023 12:07

I believe they'll raise project finance on an individual basis. So with Villeta they're evaluating all funding options now (debt finance, JVs, unlikely equity finance) and plan to announce funding (and likely a pre-agreed offtake agreement, selling all output using an agreed pricing mechanism) before the end of 2024. This will make clear the project economics.

I was on the investor presentation on Monday and I believe Olivier said in the Q&A at the end (which isn't on the published weblink), that (ex project funding), they're fully funded until production. However, he said if there are tactical opportunities to take funding at good terms, that broadens their investor base (eg like Bake Hughes), then they may do so.

So there could be some dilution, but after they agree project funding and offtake agreements for Villeta, in the next 3 months, we should hopefully see some positive price action, further increasing as they get closer to production at the end of 2025. Operational execution is key now.

It's interesting that there were significant Director purchases (eg CEO Olivier Mussat bought 720,000 @ £1.062/share on 01/03/23 hxxps://polaris.brighterir.com/public/atome/news/rns/story/w03l88w), so you can buy right now below this price, which I recently did.

[chris cat] 29/9/2023 08:30

AIE, Do you think MEN would subscribe for more shares in any placing...or do you think our investment would be diluted further?

[macc1] 28/9/2023 19:38

Here's a CEO presentation from earlier this week: hxxps://youtu.be/yH44VtMzsbc

[macc1] 28/9/2023 19:38

hxxps://youtu.be/yH44VtMzsbc

[all in eol] 28/9/2023 17:56

I think it was set out during pre IPO.
I would think that alternative funding will be available so it isn’t necessarily taken up but either way there’s going to be dilution given the size of the project and the money to be raised.

[masergt] 28/9/2023 17:08

From Cavendish flash - "This cash position assumes the £3m Standby Equity facility is fully utilised before year-end."

From interims - "Additional financial support is available to the Group in the form of an Unconditional Standby Equity Facility Agreement whereby Peter Levine, Chairman and one of his investment vehicles, PLLG Investments Limited, have agreed to subscribe for shares at the placing price of 80p per share at the call option of the Company at no cost and at any time during the period to end June 2024. This provides an additional £3.0 million facility to the Group should it so require after considering other forms of financing available."

PL set this up at 80p per share so is this confirmation of a further 3.75m shares, ie., 9% dilution, to be issued by end December?

What exactly does "...to subscribe for shares at the placing price of 80p per share at the call option of the Company at no cost ..." mean? Did PL arrange to receive 3.75m free shares for himself at his own call option as part of the spin-out / IPO? I don't recall that being set out in the circular.

[oshy92] 20/9/2023 11:33

Morning. Webinar with ATOME CEO Olivier Mussat next Monday (25th Sep) lunchtime from 12.30pm

Registration link is here (remember to change the "h x x p" to "h t t p"):

hxxps://us02web.zoom.us/webinar/register/1616952051743/WN_vl7BIqjfSb-uos645Wy5Hw

[smackeraim] 15/9/2023 08:03

Buyers returning

[mcunliffe1] 12/9/2023 14:56

BMP Paribas is recommending its investors to buy FTSE shares. It specifically mentions the energy and financial sectors. Stone may therefore benefit from such share demand.

[smackeraim] 12/9/2023 10:13

"On this basis, we reiterate our 'buy' stance and 220p/share target price," said the broker."If thisismoney are right and broker is being legit, could run a bit further yet https://www.proactiveinvestors.co.uk/companies/news/1025676/atome-energy-in-key-period-as-value-driving-events-fall-due-says-broker-1025676.html

[smackeraim] 12/9/2023 09:02

Heading up again