ADM Energy (ADME)

Sector:

Mining

Index:

FTSE AIM All-Share

0.38p
   
  • Change Today:
    -0.075p
  • 52 Week High: 0.85
  • 52 Week Low: 0.33
  • Currency: UK Pounds
  • Shares Issued: 484.94m
  • Volume: 661,211
  • Market Cap: £1.82m
  • RiskGrade: 360

ADM Energy extends alliance memorandum with Trafigura

By Josh White

Date: Friday 29 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Natural resources investment company ADM Energy has extended its indicative memorandum of understanding to enter into a strategic alliance with Trafigura for a further 12 months, it announced on Friday.
The AIM-traded firm said itself and Trafigura intended to create a strategic alliance that would enable the development and financing of energy projects in Africa.

Under the terms of the memorandum, ADM would act as the sponsor for investment opportunities in the African energy sector, which would be presented to Trafigura for consideration as a trading counterparty, or financing provider.

Trafigura would be entitled to provide ADM with conditional pre-financing of up to $100m for the acquisition or development of approved projects.

It was expected that Trafigura could subscribe for up to $20m in convertible loan notes in ADM as definitive agreements and project funding for approved projects were agreed.

"We are pleased to extend our agreement with Trafigura, which demonstrates the strength of our relationship and their belief in our growth strategy," said chief executive officer Osamede Okhomina.

"This relationship with a multi-billion dollar industry partner gives ADM access to capital to secure and develop projects that will increase our exposure to value-accretive, high-quality assets.

"We are in regular discussions with Trafigura and are pursuing a number of attractive opportunities in the West African region that we believe will be prosperous for the partnership."

At 1143 GMT, shares in aDM Energy were up 0.98% at 5.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ADM Energy Market Data

Currency UK Pounds
Share Price 0.38p
Change Today -0.075p
% Change -16.67 %
52 Week High 0.85
52 Week Low 0.33
Volume 661,211
Shares Issued 484.94m
Market Cap £1.82m
RiskGrade 360

ADM Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
60.05% above the market average60.05% above the market average60.05% above the market average60.05% above the market average60.05% above the market average
12.98% above the sector average12.98% above the sector average12.98% above the sector average12.98% above the sector average12.98% above the sector average
Price Trend
68.46% below the market average68.46% below the market average68.46% below the market average68.46% below the market average68.46% below the market average
20.28% below the sector average20.28% below the sector average20.28% below the sector average20.28% below the sector average20.28% below the sector average
Income Not Available
Growth
36.36% below the market average36.36% below the market average36.36% below the market average36.36% below the market average36.36% below the market average
46.88% below the sector average46.88% below the sector average46.88% below the sector average46.88% below the sector average46.88% below the sector average

ADM Energy Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:05 7,500 @ 0.38p
16:05 500,000 @ 0.40p
14:48 152,532 @ 0.41p
10:09 1,179 @ 0.40p

ADM Energy Key Personnel

CEO Stefan Olivier

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