Atlantis Share Discussion Threads

[davidosh] 26/9/2018 11:31

Now SAE btw

[spin doctor] 22/5/2018 12:46

Very very tardy market reaction this morning; took the opportunity to add to a modest holding.
Substantial uncertainties still in my mind about what AtlRes will become, but far too cheap at 37p this morning.

[wheeze] 21/5/2018 07:38

Looks like things are starting to wake up again at ARL. They certainly took their time.

[speccy1] 14/5/2018 18:00

Not long to wait now...

Hmm - upper case Ts don't seem to work any more so replace the Xs with ts

hXXp://www.proactiveinvestors.co.uk/companies/stocktube/9273/atlantis-resources-expecting-to-start-trading-as-simec-atlantis-energy-within-weeks--9273.html

[alter ego] 04/5/2018 09:53

no, still suspended.

[stepone68] 04/5/2018 09:18

Is this thing on a different ticker now? Chart hasn't moved for months.

[jiopl] 03/5/2018 19:56

Atlantis Resources could take French plunge after identifying £2.8billion investment...



Atlantis Resources is to investigate the feasibility of tidal power off the southwest coast of Japan in tandem with Nagasaki University....

[alter ego] 17/3/2018 13:46

speccy1 thanks for posting and well spotted

[speccy1] 17/3/2018 12:57

I just happened to notice the ALNC news post from 13th March today, but no accompanying RNS news item. I popped onto my HL account and it's there, so not sure why Advfn have missed it:

Atlantis Resources Limited

("Atlantis" or the "Company" or the "Group")

Transaction Update

Atlantis provides the following update on the transformational deal announced on 14 December 2017 whereby Atlantis will join forces with SIMEC Energy, a part of the GFG Alliance. The transaction is intended to create a listed platform which would own and operate a global portfolio of renewable generation assets.

The Company and its advisers have been making good progress on the acquisition of the Uskmouth power station in Wales, which is classed as a reverse takeover under the AIM Rules for Companies and Atlantis now expects to announce the finalised terms of the transaction and hold an Extraordinary General Meeting in Q2 2018 to allow shareholders to vote on the proposed transaction which, if approved, would see the Company recommence trading as SIMEC Atlantis Energy shortly thereafter.

Following completion of the front end engineering design ("FEED") in H2 2018 and appropriate project based funding being secured, in relation to which discussions with project based debt and equity providers are on-going, the Uskmouth power station, which was previously coal-fired, will be converted to burn energy pellets, derived from non-recyclable waste products which would otherwise have been sent to landfill. The station will have an initial generation capacity of 220MW, with the option to convert a third unit in future, which would bring its capacity to 330MW.

As previously announced, the GFG Alliance will provide 20 year power purchase agreements and, along with its fuel supply partner, N+P Group, a 20 year fuel supply agreement which will allow this funding to be completed. As part of this transaction, Atlantis is also finalising a relationship agreement which will govern its interactions with the broader GFG Alliance and outline the Group's first right of offer to acquire energy assets from across the SIMEC portfolio.

Tim Cornelius, CEO of Atlantis said:

"I am pleased with the excellent progress we are making on what is a complex transaction involving negotiating land and property agreements, grid access rights, power purchase agreements, a fuel supply agreement with multiple parties, technical support contracts and a relationship agreement that will govern how we might acquire further assets from within the SIMEC portfolio in due course. This is a truly transformational deal for Atlantis and the Directors believe that it will be the catalyst to drive rapid growth to quickly become a significant, diversified sustainable energy platform in Europe.

"The Uskmouth conversion will take up to one million tonnes of non-recyclable waste per year and will convert it into base load energy. Once completed, this will be the largest example of using these waste-derived energy pellets to convert a coal fired power station, and we believe will provide a template for how this can be replicated across other markets to provide sustainable generation and reduce landfill.

"This world leading project makes excellent use of the core skills and resources of the Atlantis team who designed, built and delivered the flagship MeyGen tidal energy project, which has continued to produce record generation results in 2018 and now has over 4,800 MWh of cumulative generation since late 2016. Our tidal division remains very active in developing tidal stream projects in Europe and South East Asia and also a tidal range project in England. Once we have completed this transaction, management is intent on growing SIMEC Atlantis Energy to provide attractive returns to our shareholders as a diversified renewable energy company with a balanced mix of mature operational assets as well as appropriate greenfield development projects."

[alter ego] 13/1/2018 12:54

Mach100 post no 220 - wide of the mark I'm afraid. Just a normal PI interested in ARL but not yet a holder.

[duwendag] 13/1/2018 10:06

would anyone have any throughs on the share price when arl are re-listed, I'm hopeful for a considerable increase.

[mach100] 16/12/2017 11:10

I have a feeling somehow that alter ego is investor champion's alter ego. Just a hunch mind.

[alter ego] 15/12/2017 10:35

just go to investorschampion.com and click on company comment - you'll need to register but it's free

[elited10] 14/12/2017 09:14

If Macquarie's price valuation was 154p, what on earth were they doing at 36p? has anyone a clue as to what level the equity raise will be done?

[mach100] 14/12/2017 09:12

Is this good news Hyper? The target is making a sizeable loss and ok it is attributed to the mothballing of the plant but there will be lots of work needed to be done. The 20 year contracts give good visibility at least.
Will the fund raising be done at a premium or a discount? If at a sizeable discount it is not really creating value for ARL shareholders. I am very sceptical I must say.