Simec Atlantis Energy Share Discussion Threads

[barts] 02/4/2023 19:07

Interesting to see Deep Explorer is now moored at Nigg……..

[robertspc1] 31/3/2023 14:09

Share price reflects the debt situation here. Don't think the company will be able to develop Uskmouth further and expand Meygen. There is value here but the bond and other debt repayments can't be deferred for ever. Monetising or selling Uskmouth is key

[jotoha2] 31/3/2023 14:00

sp is now getting very silly , time to buy some more.

[robertspc1] 29/3/2023 16:40

Good to see the BESS project number 2 progressing. They think they can get 1GWh of storage on Uskmouth. Would need grid upgrades etc but that would make the site pretty valuable based on the rent deal they have for the 230MWh BESS project number 1 with Quinbrook

[skinny] 29/3/2023 07:09

Abundance Bonds

Further to the Company's announcement on 23 February 2023, SAE is pleased to announce that Atlantis Future Energy debenture holders have approved the amendment to the 2018 debenture deed, which will:

-- Extend the maturity date from 31 March 2023 to 31 March 2024, and
-- Increase the interest rate paid on the bonds from 1 April 2023 to 31 March 2024 to 10% per annum.

BESS at Uskmouth

SAE is pleased to report that good progress is being made on the additional 120MW Uskmouth BESS project, which re-uses the site of the old cooling towers. SAE is aiming to agree terms with a developer this year and to secure planning in Q1 2024.

[robertspc1] 28/3/2023 13:36

Expect news that Bond holders have agreed to payment deferral etc

[robertspc1] 22/3/2023 09:20

Crucial few weeks. If they get the Quinbrook lease signed at Uskmouth that releases 4m cash payment and they are hoping to monetise ie sell the lease income to a third party for c11m. That would allow them to pay off the debentures due for repayment this year and give them some breathing space. But not the best timing so all may not go smoothly. Expecting some sharp moves

[jpuff] 23/2/2023 16:02

https://www.msn.com/en-gb/finance/-technology/energy-milestone-as-uk-firm-smashes-record-for-most-electricity-produced-from-tidal-power/ar-AA17OJM7?ocid=sapphireappshare

[robertspc1] 23/2/2023 11:19

As expected BESS deals should clear the debentures. New debenture offering later this year. Meygen opportunity needs more explaining to investors

[noiseboy] 21/2/2023 19:00

I'm keeping an eye on a few sources , hopefully the boat should be sailing soon to pick up the fourth turbine. Should give us over 1GWh a month then.

[fataff] 21/2/2023 16:57

50gw and all 4 turbines have barely all been in the water, what with research and development W0W huge potential in tidal has been demonstrated. I think a lot of II's are now seriously considering this share.Gluck all.

[robertspc1] 21/2/2023 15:27

Hopefully financial close on Quinbrook BESS deal soon triggering cash payment and rental flow. That should help clear debt. They might even sell Uskmouth, ditch the energy conversion ideas and completely refocus on Meygen and the big CFD opportunity. Now that would be interesting

[jotoha2] 21/2/2023 14:34

Major news should follow in march if not sooner , then there is Battery storage which is now being seen as a hot area , come on SAE lets get on with it.

[z1co] 21/2/2023 13:00

I'm very surprised that the company choose not to issue an rns regarding the above.There has still been a steady stream of buying all morning and the price has risen by 5.3% to 1.50p.

[skinny] 20/2/2023 16:18

And from the horses mouth :-

[skinny] 20/2/2023 16:17

There you go :-



:-)

[robertspc1] 20/2/2023 16:13

News today that Meygen has generated 50GWh since opening. Suspect it will get zero coverage

[skinny] 20/2/2023 08:25

Copied from the ITM thread :-

Tidal @10minutes and for any ITM holders @16minutes.

[bishfund] 07/2/2023 10:42

Why would the O&G players invest in tidal which can offer baseload, when they get to sell their O&G at a premium when the wind drops.

[jotoha2] 07/2/2023 10:10

Come on Scotland get those new contracts placed now.

[jotoha2] 07/2/2023 10:08

Must say it has been very annoying to find the Welsh bunch putting a spanner in the works at Uskmouth , burning wood pellets / rubbish is no big deal on the co2 issues , just look at DRAX , shipping in millions of tons of wood pellets from Canada and at the same time receiving £ millions of subsidies from Richie and his bunch of mates.

[wheeze] 07/2/2023 09:23

Very true. The oil and gas lobby on the other hand is going from strength to strength, billions upon billions added to their coffers. Meanwhile the planet goes to hell in a handcart.

[robertspc1] 07/2/2023 09:15

Tidal lobby is non existent. No major players to provide $$$ so not on any political or investors minds.

[wheeze] 07/2/2023 07:52

Low winds at the moment so coal plants have been placed on standby. When will they learn that tidal energy is far more dependable ?