Atlantis Share Discussion Threads

[chazabs] 29/1/2015 14:46

Great thread so far. I'm actually going to meet the senior management team at the Innovators and Investors Forum on 3rd of Feb, in London's Business Design Centre.

Would be a great opportunity to ask them questions on their presentations and understand their plans might be over the next 12 months.

Any of you guys planning on going? The event is free to register, so if you're interested, here is the link:

[martynm] 23/12/2014 15:22

Don't know what is going on here. According to TRADES there hasn't been a purchase, however I know that 15/- @ 11.07 was a purchase

[cwa1] 23/12/2014 09:31

2015, a very big year:-

[cwa1] 22/12/2014 07:53

Atlantis Awarded Feed-in Tariff for 4.5MW of Tidal Generation in Canada

[cwa1] 19/12/2014 07:12

19th December 2014

ATLANTIS RESOURCES LIMITED

("Atlantis" or the "Company")

First Debt Drawdown for MeyGen Project Financing Package - Phase 1A

Atlantis, majority owner of the world's largest planned tidal stream energy project, MeyGen, announces that its flagship project has achieved another significant funding milestone, successfully completing all conditions required to initiate its first drawdown from its senior project finance providers, The Crown Estate and Scottish Enterprise through the Renewable Energy Investment Fund.

The major construction and supply contractors to this iconic project have commenced design, engineering and procurement works in readiness for commencement of onshore construction at the project site in Caithness in January 2015.

-- The equity investments in the project by Scottish Enterprise (through the Renewable Energy Investment Fund) and Atlantis value the MeyGen project on a post-money equity basis at over GBP70 million

-- Onshore construction at the Ness of Quoys project site is expected to commence in January 2015, with ABB due to start construction of the onshore infrastructure for connection to the electricity transmission grid for power export
-- First power to the grid and revenues earned expected to be in H1 2016

-- We believe MeyGen is the largest planned tidal energy project in the world with a capacity of almost 400MW

-- When fully completed, the project will include 269 turbines submerged on the seabed, generating enough power for almost 175,000 homes in Scotland.

The Company notes the recent material decline in its share price yesterday and knows of no trading or operational reason to warrant this change, particularly given the progress with the business and the continued expectation of delivering on milestones outlined above.

[hedgehog 100] 18/12/2014 18:17

"New era of cheap oil 'will destroy green revolution'

As the price of a barrel falls below $60, the long-term impact on wind, solar and hydro-power could be catastrophic for the planet

Tom Bawden Author Biography ENVIRONMENT EDITOR Friday 12 December 2014

The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned.

Oil tumbled below $60 a barrel for the first time in more than five years yesterday – a fall of 44 per cent since June. It is forecast to fall further.

A new “era of cheap oil” would be good news for consumers and motorists – but analysts say the consequences for politics, industry and the climate could be even more radical.

The ripple effects could help the Conservatives to remain in power at next year’s general election by making voters feel richer as bills fall – while hurting Scotland’s oil-reliant economy and setting back its campaign for independence.

The falling prices could damage the North Sea and fledgling fracking industries and make it harder for the UK to hit its legally binding targets to cut carbon emissions. But the biggest threat posed by falling oil and gas prices – in the UK and globally – is to the renewable energy industry dominated by wind-, solar- and hydro-power, experts say.

“Renewable energy subsidies have been mostly sold to the public on the basis of the economic benefits,” said Peter Atherton, an energy analyst with Liberum Capital. “But the economic arguments hinged on the idea that fossil fuel prices would get more expensive, while expensive renewable subsidies would be able to come down over time. That’s looking doubtful now.”

Anne Robinson, director of consumer policy at the uSwitch price comparison website, said: “More subsidies are likely to be needed [for green power] as the gap between the cost of fossil fuel power and renewable power gets bigger.” The extra subsidies would be borne by households in the form of higher energy bills.

Green energy technologies such as solar and wind had been banking on sharp increases in fossil fuel prices to make them increasingly competitive and help to attract the huge amount of investment required to build renewable power plants. But that “economic case” is now in danger of being lost, with the environmental argument seen by many as being insufficient to drive through high levels of green energy investment.

The oil price has tumbled in recent months as soaring US production greatly increases supply at the same time as the global economic slowdown reduces demand.

Saudi Arabia is also playing a part by preventing the Opec group of key oil producers from propping up prices by reducing production – a move that reportedly aims to deprive Russia of much-needed income and to make it uncommercial to extract US oil reserves, which are largely contained in shale and expensive to release.

A consensus is growing that oil prices will remain low for at least the next couple of years. It is looking likely that the substantial jumps that had been forecast in the 2020s and 2030s will not materialise. ... "

[par555] 18/12/2014 16:40

Nothing new on company website

[cwa1] 18/12/2014 16:19

Quite a fall. Anyone heard anything?

[cwa1] 19/11/2014 16:28

Had a small nibble at about 33p. Hoping it is low enough on a medium term view...

[jans3] 10/11/2014 11:31

Didn't Mr Cornelius say that he wouldn't need to raise any more funds and then proceeded to raise an additional £5m in a dilutive placing at 40p?
Think this is a great long term investment but not happy with the management.

[cwa1] 24/10/2014 07:36

This should be popular:-(

Atlantis Resources Limited

Placing to raise GBP5.0 million

Atlantis Resources Limited (AIM: ARL, "Atlantis", or the "Company"), a recognised global leader in the tidal power sector, has raised GBP5.0 million before expenses through the conditional placing ("Placing") of 12,500,000 new ordinary shares (the "Placing Shares") at a placing price of 40 pence per share.

Highlights
-- Placing of GBP5.0 million before expenses at 40 pence per share.
-- Proceeds will be used:

o to finance part of the contribution of Atlantis to the MeyGen project

o to pay fees associated with the seabed lease at the Fundy Ocean Research Centre for Energy in Canada

o to repay the loan of approximately S$1.58 million (GBP0.77 million) from EDB Investments Pte Ltd

o for working capital

Tim Cornelius, CEO of Atlantis, commented:

"We are delighted with the support of both new and existing investors for this placing. The funds will enable us to progress to the construction stage of Phase 1A of the MeyGen project.

"MeyGen is expected to be the world's first commercial-scale multi-turbine tidal energy project to come on stream. When fully completed, the project is expected to have 265 turbines submerged on the seabed, generating enough power for almost 200,000 homes in Scotland."

[jans3] 26/9/2014 11:08

'Tidal power firm signs deal to sell electricity to EDF EnergyUnderwater turbine project in Ramsey Sound, off Pembrokeshire coast, could be generating....'

[jans3] 18/9/2014 09:22

I really like this bit that was tagged on the end:

"Also, Atlantis is pleased to announce that MeyGen recently signed a ten year Power Purchase Agreement with Smartest Energy that will guarantee revenue for the project, both for the electricity supplied to the grid and the 5 Renewable Obligation Certificates that the project will receive for each Megawatt Hour of electricity generated."

This company will be a terrific long term investment.

[kinbasket] 18/9/2014 08:00

Great news. Interesting day to release it on :-).

If ever there was an advert for the benefits of the Union this RNS is it.

[cwa1] 18/9/2014 07:22

ATLANTIS RESOURCES LIMITED

("Atlantis" or the "Company")

GBP51 million MeyGen Financial Close Completed

Atlantis, owner of the world's largest planned tidal stream energy project, MeyGen Limited ("MeyGen"), is pleased to announce that all conditions have been satisfied under the terms of the funding package announced on 21 August 2014 to enable the drawdown of funding for the project. Financing to fully fund Phase 1A of the MeyGen project has now been fully committed and funds will be released to suppliers and construction contractors to enable the commencement of construction.

A total of GBP51.3 million has been secured from syndicate members comprising the UK government, through the Department of Energy and Climate Change ("DECC"), Scottish Enterprise, Highlands and Islands Enterprise ("HIE"), The Crown Estate ("TCE") and Atlantis.

[callumross] 26/8/2014 15:22

The bookies are saying it is ten to one on for a no vote in the referendum so little uncertainty there. Even if it is a yes vote then, as you say, Salmond is utterly obsessed with renewables, no matter what the visual impact on the Scottish landscape from these interminable windfarms. However, opposition to them has grown sharply in the last 12 months which is all the more reason why wave power is politically much more acceptable, if proven.

[kinbasket] 26/8/2014 15:01

I think there might be a bit of Scot independence concern. A fear of all things Scottish :-)

It doesn't make a difference one way or the other to ARL as Salmond is going to get all Scotland's energy from renewables and pixie dust anyway.

Market doesn't like uncertainty and this is seriously illiquid which isn't helping.

After the vote this might start to catch a bit more interest.

[callumross] 26/8/2014 14:43

Can't believe this one hasn't soared on the two project announcements over the last few days. doesn't seem to be a funding issue anymore. Could it be to dow ith execution risks or has the market simply not cottoned on yet, being obsessed with oilers rather than renewable energy?

[par555] 22/8/2014 16:39

Good news. Raised my 'miniscule'stake to 'minor' status !

[cwa1] 21/8/2014 20:59

Project financing:-