Simec Atlantis Energy Share Discussion Threads

[someuwin] 23/6/2020 12:08

Highest volume this year.

[walter walcarpets] 23/6/2020 11:56

Clever fella that Myles Mcnulty. Surprised this hasn't garnered more interest tbh.

[clabburn] 23/6/2020 07:59

Great news. Proves the model is sound. Planning consent and environmental permitting still needed but this was always the key hurdle in my mind. I think the fuel testing was a requirement from the financiers who needed to do their due diligence before putting up the cash needed for the conversion works. Hopefully this is the start of a long overdue revaluation in the share price. 50p by September and 80p by year end are not unreasonable targets.

[blueball] 23/6/2020 07:43

Gamechsnger expect 50p here soon.

[someuwin] 23/6/2020 07:12

"...This project is the world's first example of a coal-fired power station being repurposed to run on 100% waste derived fuel pellets and the results of this test will potentially have material implications for the way plastic waste, and aging coal fired power stations, is managed globally in the future."

[duwendag] 23/6/2020 07:10

As along term holder this is a great start, lets hope it continues

[wheeze] 23/6/2020 07:09

This company has been hugely undervalued for quite sometime. A market cap of 40-50 million doesn't even cover the value of all the turbines and infrastructure the company owns. Lets hope U.K. govt wakes up and realises they need to support green projects like this.

[someuwin] 23/6/2020 07:03

Huge news!

[gooner1886] 23/6/2020 06:44

Same albert lol

[royalalbert] 23/6/2020 06:37

Might have bought in here just at the right time, for a change LoL.

[letmepass] 23/6/2020 06:32

Shame they don't own it

[x54v] 23/6/2020 06:11

“The successful completion of the fuel combustion testing is a major milestone for this flagship conversion project and represents a very important step in the program towards achieving financial close.”

“This project is the world's first example of a coal-fired power station being repurposed to run on 100% waste derived fuel pellets and the results of this test will potentially have material implications for the way plastic waste, and aging coal fired power stations, is managed globally in the future.”

“the results of this test will potentially have material implications for the way plastic waste, and aging coal fired power stations, is managed globally in the future."

“we always believed that the successful completion of this large-scale testing will open up a huge new market globally for MHPS and Atlantis for future similar conversions”

“The testing couldn't have gone better and we are delighted that the results pave the way for this successful project and huge global, future opportunities."

[cwa1] 23/6/2020 06:11

Positive news:-

[bishfund] 22/6/2020 21:12

Thanks again Clabburn, i didnt realise PI had issued a video update but it is very informative and upbeat. Agree that the 3 MW turbine is great news and a possible game changer. Just hope they are able to get a clear run with this

[clabburn] 22/6/2020 18:53

Depends on a lot of factors. If onshore sub stations are needed and high voltage transmission lines that can take a while and require a lit of planning consents. Likewise they need to have all the necessary servicing vessels and infrastructure available which doesn't yet exist in the region as far as I know. Meygen benefitted a lot from repurposing local oil and gas sector infrastructure. Getting the 3/4 turbines built and installed can probably be done in 18 months or so but that's total guess. Tim was on Proactive investors today saying the target is to get these generating in 2022. This feels very punchy to me. He also dropped a bit of a bomb about a 3mw turbine being in the works. Increasing size of turbines will be massively important for getting costs down and was a pretty exciting but of news for me.

[bishfund] 22/6/2020 16:51

Does anyone know the timescales assocuated with getting these 8 turbines and associated infrastructure installed and producing? I wasnt around during Meygen so no idea of tinescales involved there thats all. Assuming Normandy would be almost an off the shelf solution following the Meygen success?

[clabburn] 22/6/2020 08:39

Good news indeed. The French government have a much kinder financial support structure for tidal - they pay a feed in tariff set at quite generous levels whereas in the UK the best we can hope for is the chance to bid competitively with floating wind or advanced conversion technologies (e.g. PHE). Although a lot of work to do in setting up the required infrastructure (Scotland is way ahead of France in that respect) the French projects arguably have much better odds of coming off as things stand so progress at Raz Blanchard is key for the survival of the company's tidal division. As far as I can tell today's news isn't fresh information - we already knew about this project - it's more a big step forward in the process. I would love to know more on the timeframe - I had 2024 pencilled in as a rough guess for the French/Channel Islands projects coming through.

[natty27] 22/6/2020 08:04

Nice 70k delayed buy just popped up from 8:00am

[royalalbert] 22/6/2020 07:22

Tempted by this any long term holders who could help with how important this news is.

[x54v] 22/6/2020 06:07

“We are delighted to have received the relevant approvals to transfer this lease which will allow us to now immediately progress with the development of one of the largest tidal power arrays in Europe.”

[clabburn] 21/6/2020 19:25

Makes a lot of sense for things like Liberty steel. Some are suspicious of Gupta (the FT in particular seem to have it in for him) and being a publicly listed company would provide better transparency. It's a real business though and the green steel model they pioneered is undoubtedly the future.