Simec Atlantis Energy Share Discussion Threads

[volsung] 01/9/2020 15:23

Bought a few more on the dip

[jone06] 29/8/2020 06:54

Most concrete used in construction uses PFA as a replacement for cement. But again volumes and chemical composition can be problematic

[gbjbaanb] 29/8/2020 01:33

It's it the one at gale common? Doesn't look that mountainous to me,

[muckshifter] 28/8/2020 15:01

Lots of posts since I was here last, one of which was asking about uses of the 20% ash residue, ie. 20% by weight of input. I've visited a few PFA "mountains" over the years, which are, if you like, a monument to the difficulty of using the stuff. In the past it was mostly used when a lightweight embankment was needed as it has a low compacted density, but authorities involved in approving its use are always wary of its chemical composition with various heavy metals etc. that you have to prove will not leach. My expectation is that the SAE residue would be cleaner than that of coal fired stations, but I suspect that it would still be very hard work to get a buyer for it.
In terms of disposal, I believe it has been disposed to power stations own tip facilities as inert waste which used to be very low cost, but I don't know if there is any current tax liability.
Just to give you an idea of the long term solutions employed, if you are on the M62 going East towards Hull there is a PFA "mountain" visible South of the motorway a mile or two before the A19 turn off.

[wheeze] 28/8/2020 09:24

That certainly makes sense - cheers

[skinny] 28/8/2020 07:49

Correct!

It means there are more free float shares.

[money multipier] 28/8/2020 07:31

I don’t think they’ve sold any. Just the dilution as a result of the placing.

[wheeze] 28/8/2020 06:09

Yes, the holding company seem to have sold around 15 million shares which may have netted them 4-5 million, I guess. Interesting that they are based in BVI.

[blueball] 27/8/2020 19:18

stay long.

[clabburn] 27/8/2020 19:04

Still lots of upside. I spent three long years in the red with this stock. Finally recovered it in June by averaging down. Very glad I persevered!

[gbjbaanb] 27/8/2020 13:09

Or a 150% rise for those who got the primarybid shares. (Not me, silly me waited 10 minutes before attempting to buy, all gone by then!)

I hope (and expect) you'll get a 150% profit in time too.

[r9505571] 27/8/2020 10:02

Nice lift today. Almost back to break even!

[r9505571] 26/8/2020 07:13

Thanks for the advice all! Will try and use limit orders from now on.

[clabburn] 25/8/2020 12:30

Your question prompted me to do some googling on this and I did find plenty of evidence that waste to energy has been a big part of the strategy in SK so this bodes well. I imagine this solution would be positively received by policy makers. As you say, whether Atlantis and N+P can identify a reliable long term fuel supply is the big question. To be fair, it should be society's aim to make the subcoal concept redundant with better recycling and closed loop approaches squeezing incineration out but I would be surprised if SK are there yet.

[bishfund] 25/8/2020 11:33

Thanks Clabburn, yes my query was regarding the landfill taxes in place in SK to make this as attractive as the UK. A large proportion of the revenue at Uskmouth will be via gate fees, directly attributed to the landfill tax in the UK. After a bit of extra reading, SK were targetting 3% of waste going to landfill by 2020. This raises the question as to what capacity would there be to provide the raw material for subcoal powered plants there or if the costs they have associated with recycling the 97% merit our approach so we can get in onthe action? Im glad they are teamed up with local knowledge

[clabburn] 25/8/2020 07:55

Thanks for the numbers. I think a lot will depend on local policies are waste management. N+P can sell the subcoal so cheaply because they make good money from the gate fees they earn when taking the waste plastic in and landfill is now a very expensive option due to EU regs. It would need proper research but I imagine the situation is not that different in South Korea.

[rogerramjett] 25/8/2020 05:17

There is a good chance that coal anywhere is not as cheap as the pellets made from RDF that N+P/SIMEC will be producing.



See page 20 for a UK cost comparison.

Sub Coal Pellets will cost Uskmouth power station £4M/T

Whilst Coal is £70M/T

The Gj/£ comparison is 5Gj/£ for Sub Coal pellets and only 0.38Gj/£ for Coal or they can produce 13 x the energy of coal for the same price.

So the sub coal pellets are clearly much much cheaper than coal. Certainly based on UK figures.

[bishfund] 24/8/2020 17:46

Suspect the price of coal in SK is dirt cheap. Does anyone know if they have anything like the UKs landfill tax, that would give a value to disposing of the plastic waste?

[rogerramjett] 24/8/2020 17:16

Very interesting.

South Korea is 'white hot'.

10 recently closed coal fired station could be the target of future projects.

TC sounds keen to develop the business in this region which is reliant on coal.

[rogerramjett] 24/8/2020 17:13

Try this, well worth 6 minutes. Released today.