UK 16:28 Thursday, 5 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The idea that a technically insolvent business with an asset bought for £1,000 from a related party two years prior could be worth £1 billion is bonkers. Yet in June 2025 Atlas Metals (AMG) saw its shares soar by 300% to 40p as it claimed that it would be buying that business, Universal Pozzolanic Silica Alumina Ltd or UPSA, for £1 billion in shares and raising £30 million on that valuation. Today that deal has collapsed. This is a monstrous scandal and folks should be going to jail
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