Simec Atlantis Energy Share Discussion Threads

[bishfund] 19/6/2020 17:36

Can somebody please set me straight on this? If Simec dont own the fuel pellet design / producer and the combustion system is produced by Mitsubishi. How can Simec monopolise on this and stop the future plant owners from doing this conversion themselves?

[x54v] 19/6/2020 13:15

"Another big announcement will be the results of the "burns tests" which will validate that the fuel works on an industrial scale. The trials are being conducted at the Mitsubishi headquarters in Nagasaki and will prove that it is possible to produce alternative fuels in a relatively traditional combustion system.

The implications of that will be really significant. If you think about the fact that pretty much every government in the world is legislating on retiring coal at the moment – which will result in a significant loss of baseload power – a lot of countries will therefore need to think about this.

This technology can be used in many different coal-fired power plants and will address the issue of non-recyclable waste in a very sustainable way. A lot of big utilities, governments and assets owners will therefore be looking to these results."

[x54v] 18/6/2020 09:24

Delayed large trade from yesterday at 3:55pm - 2,898,995 @ 9.25 - explains the recent drop. Could have been the last of APMS. Much easier to move up without an overhang.

Price certainly reacting so far to buying this morning and ticking up.

[jpuff] 17/6/2020 22:19

I guess combusting waste plastic providing emission standards are met is ok but will up against a fledgling company like Powerhouse Energy (PHE) which is proposing (and has developed) a gasification system for producing hydrogen (in fashion) via syngas. There maybe some overlap here, I'm not sure. Given PHE's share price rising from 0.25p to 4p other day, the market seems to prefer this technology perhaps? For the record I don't own any PHE shares but am feeling that I backed the wrong horse.

[x54v] 17/6/2020 17:26

Myles McNulty has a couple of interesting threads on Twitter highlighting the potential scope here in the next few years if things go to plan. He's worth listening to esp. since he bought 1% of AVCT recently at an average of 21p.

[x54v] 17/6/2020 17:20

An illiquid share and APMS have decided to sell into the recent liquidity for whatever reason:



They're now under 3% and the continued pullback suggests they've not yet fully exited. No big prints so something going on behind the scenes that delayed prints will reveal in time.


The recent volume is the highest consistent volume in years, so the greatly increased interest could be the start of something more:

[clabburn] 17/6/2020 16:35

You are not wrong! I have lost track of the number of times this has happened. Looks like the rise was in anticipation of big news which didnt materialise and traders will probably have made a good return on a stock going from 7p to 15p and back again in 10 days.

[jpuff] 17/6/2020 16:10

First glimmer of hope in ages a week ago now back to the normal depression! What a dog of a share this has turned into.

[x54v] 16/6/2020 12:59

"So the implications are quite mind boggling..."

- from 15:32

[clabburn] 16/6/2020 10:27

All these things are true but only IF they have a route to market. At the moment this is far from guaranteed. The proposed changes to the CfD structure are encouraging and the project in Alderney will probably come off (same hopefully for the next phase of Meygen) but the market seems stubbornly sceptical and not yet placing any value on them. For 2020 Uskmouth is the only real catalyst I can see. A good outcome with the CfD reform might also give the share price a boost but until we get a contract win (results will be released sept 2021) Im not sure it will be enough on its own. Im also looking for progress with the sub-sea hub and new 2MW turbine (which were originally promised for last year) and should go into the water in the not too distant future as part of a reconfiguration to the first phase of Meygen replacing the 3 Andritz turbines currently being used. Lots to be positive about with this company but still plenty of road to travel before they mature into the billion pound company I think they have the potential to become. If either the tidal or thermal business takes off as we hope I see them transitioning to a company on the same sort of scale and valuation as Drax (a FTSE 250 company) within 5 years or so.

[x54v] 16/6/2020 09:07

There's certainly been a lot of momentum in the renewable energy sector recently - PHE, EQT, VLS, ITM, VDTK and CWR particularly notable.

SAE has a bit of catching up to do. Judging by the recent short term move up, the price can move quickly when it gets going. More to come in the near future hopefully. Fuel testing results could be the catalyst.

[hyper al] 13/6/2020 12:58

Good news for renewables.

Things are changing! Green Hydrogen.

Would like to see a lot more going into tidal as well.

"Scotland unlocks £62m fund to support North Sea energy transition
By Andrew Fawthrop 12 Jun 2020 "


Hydrogen is going to replace oil and gas.


Explains the big rises in some Hydrogen based stocks like ITM, PHE, PPS, AFC etc

[someuwin] 08/6/2020 08:03

...Very interesting

[babbo1] 07/6/2020 10:27

Hyper AL
Thanks for the response

[thefartingcommie] 06/6/2020 10:10

looks interesting....

what is the investment case here.....apart from ticking many of 'green agenda' boxes?



FINANCIAL HIGHLIGHTS


The consolidated Group cash position at 30 June 2019 was £5.1 million (31 December 2018: £9.3 million), including £1.8 million held at MeyGen Limited (31 December 2018: £2.4 million).


Revenue of £2.0 million in the period (2018: £1.3 million), the majority from MeyGen power sales.


Group loss before tax for the period of £12.4 million (2018: £9.1 million). The £3.3 million increase relates mainly to the consolidation of SIMEC Uskmouth Power ("SUP") from 15 June 2018.


Group total equity at 30 June 2019 was £117.6 million (31 December 2018: £119.6 million).


In March 2019, an equity fundraising raised over £5 million, before expenses, the net proceeds are being used for the Group's general corporate services.

[mdchand] 05/6/2020 15:30

Ahhh - well Myles has a good investment track record (he copies me basically lol). Be interesting to see if these gains hold or apathy will set in and people start getting bored.....

[walter walcarpets] 05/6/2020 12:37

Myles Mcnulty