Simec Atlantis Energy Share Discussion Threads

[tromso1] 10/7/2020 11:03

Yes, and good to see that the company is keen to fund the project "in a manner that will not be dilutive to existing equity holders".

There will be a lot of interest currently in the company on the back of the recent burn results at the moment I imagine. Exciting times.

15:50 - "So we've actually stopped hosting different groups at our facility in Newport because it's too distracting for management but I can tell you and I've been open in the market before, from China to the US, from Japan to South Korea, from Australia to Indonesia, delegations, power companies have all been coming and observing.

And it's effectively if you like the dry well/wet well moment - once the burn test results are announced, if they're successful from both an efficiency and emissions perspective, then all of a sudden you'll have huge interest from anyone who's trying to shut down a facility and convert it to something profitable as opposed to tackle very expensive decommisioning."

[clabburn] 10/7/2020 10:33

Thanks. Very useful info. Option 4 was part of the original plan when Equitix were lined up but that has gone very quiet in recent times. It will be interesting to watch this space. The successful fuel tests were the big hurdle that needed to be cleared to unblock finance.

[tromso1] 09/7/2020 16:53

Interesting update on financing Uskmouth that wasn't in the original article in theenergyst -

"Update 24/06/20: how will Simec Atlantis finance Uskmouth?

Asked how it plans to finance Uskmouth, pending all approvals, a spokesperson issued the following:

Management are looking at multiple ways to fund this highly cash flow generative project in a manner that will not be dilutive to existing equity holders:

1. Traditional project finance (debt) with some short term mezzanine debt layered on top during construction that could be re-financed out post construction;

2. 100% receivables finance;

3. Vendor finance from EPC contractor; or

4. Equity farm down pre-financial close to a strategic or infra structure fund investor."

[steve73] 06/7/2020 15:37

From wiki... "Worldwide, about 50 kg of plastic is produced annually per person, with production doubling every ten years.".. so around 380 Million tonnes at present.

Elsewhere (from memory)... c. 5% of crude oil is used in plastics... 5 MMbpd is c. 340 Million Tonnes/yr.

To date we've used around 180-200 Billion tonnes of oil (BP database) - assuming 5% of that was used for plastic and is probably still largely available in land fill sites or elsewhere, there should be around 10 billion tonnes.

Sounds a lot, but coal consumption is currently around 4 billion tonnes per year, so all the plastic ever produced is equivalent to just 2-3 years of coal.

Still, burning it is better than it polluting our oceans.

[bishfund] 06/7/2020 14:21

I very much doubt we will ever even come close to being a shortage of waste to burn. We have oceans full of it so i very much hope it eventually has a monetary value to extract

[gbjbaanb] 06/7/2020 13:46

Powerhouse energy was another trying to get waste to fuel, I looked at it but it had no demo sites at the time and send to be entirely pipedream.

I doubt there will ever be a shortage of waste in our society 😀 We could dig up the ancient landfill sites and use that to burn, some of which are on fire underground anyway.

[5070481] 06/7/2020 12:18

I wonder if everyone is starting to use waste for fuel whether there will eventually be a shortage of waste. Velocys had been another one i'd looked at recently turning waste into jet fuel. I'd be interesting to see what constraints we have in terms of pellet production

[jpuff] 06/7/2020 11:29

I'll add a couple in addition to SAE which I hold and they are PPS and VLS. I hold both so bear that in mind dyor

[gbjbaanb] 05/7/2020 18:14

Simec Atlantis.... ?

:)

The only other one I follow is Invinity Energy (IES). There's great potential there too, but it needs to make some announcements involving sales or contracts, but if it does, then I think it'll jump up the same way SAE did over the last month. They've had an awful time over the last year caused by a dodgy CEO, but that's all behind them now.

[ianjan] 04/7/2020 19:27

anyone know of any undervalued green energy stocks worth looking at ?. thanks

[mach100] 03/7/2020 19:02

Quickly! Loan the company 2.78m interest free and we should hit the 100m and get the insti's in.

[walter walcarpets] 03/7/2020 16:04

So once the MCap creeps above £100m, insti's will be looking at SAE again. Interesting times ahead.

[clabburn] 03/7/2020 08:35

Exactly. A couple of years ago it was trading in the 30-40p range. Back then tidal prospects looked bleak and Uskmouth was a long way off and far from guaranteed. Huge progress since then on all fronts. This is the key thing for me. It's still materially undervalued based purely on their existing assets. That's a big difference with stocks like Ceres or ITM where the valuation is pricing in several years of huge growth that may or may not come to pass.

[gooner1886] 03/7/2020 08:18

What a week weve had

[someuwin] 03/7/2020 08:13

Not even back up to float price yet.

[walter walcarpets] 03/7/2020 08:08

Looking that way in short order too, Clabburn

[clabburn] 02/7/2020 20:58

It should go way higher than 32p.

[gbjbaanb] 02/7/2020 18:14

32p say the technical chartist tealeaf readers.

I'm holding 😁

[x54v] 02/7/2020 15:52

"This is a fantastic report on MeyGen Phase 1A from @Black_Veatch"

[blueball] 02/7/2020 15:36

Buy for the golden cross.

[5070481] 02/7/2020 08:28

Is there anywhere where they detail their planned profit structure from licensing this technology? Obviously the numbers they have quoted for their own coal fire power station are 180 build and 30-40 profit p.a. THey are clearly not planning on buying up all the coal power stations though so it would be useful how they plan to take advantage of their 2 year exclusivity

[someuwin] 02/7/2020 08:03

Back over 20p+ soon.

[blueball] 01/7/2020 19:49

Stay long.

[clabburn] 01/7/2020 13:53

I would be amazed if the Cfd pots dont get split up. That is only the first step though - Meygen would still need to win a contract and there will be competition from ACT and floating wind, both technologies that are developing quickly. That said, I would fancy our chances. It sounds like the data centre gives them options and the infrastructure is already in place so they could probably bid quite aggressively.

[5070481] 01/7/2020 13:09

If the renewable CFD are finally split up that will also be a welcome boost to our tidal project potential