Simec Atlantis Energy Share Discussion Threads

[rogerramjett] 04/10/2020 12:22

My god, we are going backwards if that's the case.

[wheeze] 04/10/2020 11:13

In the meantime, the first new deep mine for coal for thirty years has received approval in Cumbria.https://www.theguardian.com/business/2020/oct/02/first-new-deep-coalmine-in-uk-for-30-years-gets-green-light?CMP=Share_iOSApp_Other

[muckshifter] 04/10/2020 09:58

My expectation remains that NRW are troubled by the principle of accepting, on a long term basis, generation which is less polluting than coal but considerably more than a combined cycle gas station, notwithstanding the other benefits in terms of plastic disposal etc. Aiui, the conversion would be closer to the operative processes of a coal station, ie. it would suit a steady output, but not a shorter term peak demand output like a gas plant, so the application is, to me, very much a play on being able to successfully attract long term consistent heavy use customers, or at least convince NRW that they will contract them.

[tempesttroy] 03/10/2020 10:45

Completely agree BEAGRIE and when we do we will have deserved any gains in ultimate share price value.

[beagrie] 03/10/2020 10:32

Yes its a difficult one, sell and try to buy back cheaper, sit tight and ride it out,buy more on any big fall and average down.I still think after all the time effort and energy that has gone into this,the economic advantages for the region at a time like this,the Steel producction and port links, As Gupta put it A circular economy, they will get the permit

[rogerramjett] 02/10/2020 17:06

All, the extension is not a big deal but I would suggest reading the bullet points in the letter. That is a bigger concern for me.

I thought it was a clear path to permit but NRW don't seem so sure. Thats not to say that SAE have not provided the relevant detail regarding emissions but it is more to do with NRWs position on whether the correct targets are being set based on the nature of the station?

Just didn't get the warm fuzzy feeling I had had. I will continue to look at this over the weekend and make a decision about what to do. If I decide I called it wrong then its cost me a few thousand shares if I have to pay more than I sold at. Just given myself some breathing space.

[beagrie] 02/10/2020 15:56

Agreed Clabburn, I think this has only moved this on a month or so, I am sure Mr Gupta will be wielding a big stick as we speak !!

[clabburn] 02/10/2020 15:42

Same here. I think I had said in a previous post I expected a decision maybe in November so I can live with an extra month or so.

[rogerramjett] 02/10/2020 15:10

Good post clabburn. I would love to see SAE succesful here. My sell out was based purely on the delay and extension and some of the contentious issues they have in making a decision.

I am purely locking in profit and will be looking to add to my remaining holding when I feel it is a little more derisked. A place I felt we were already at reading the correspondence between NRW and SAE.

I will keep on top of this for now.

[clabburn] 02/10/2020 15:03

TempestTroy - essentially yes. A new letter was published on the NRW portal today detailing why they need extra time to make their decision. It was nothing that we on this board hadnt already identified and discussed amongst ourselves when considering the remaining risks but I think to see them itemised in one place like this changed the equation for some. I think many were of the opinion that the permit is a mere formality where the reality is that its quite a complex process, mainly because its a novel project and applying the existing rules for incinerators and power plants require interpretation and judgement. I completely agree with Brucie5 that the share price may well drift lower now so a chance to do some trading (sell now and buy back in at a lower price in a few weeks time) with the wild card being the announcement of a future pipeline of conversions. I dont see any other big catalysts likely in what's left of 2020. The energy white paper maybe in November could be nice for us but Im not expecting that to make a major difference until they actually win a govt contract and start building turbines. That's hopefully a 2021 thing. Nothing has really changed today for me. A fast rise to 75-80p remains the reward if Uskmouth comes off. The fact that there is still a chance it wont explains what the price is still so cheap.

[brucie5] 02/10/2020 14:13

I remain very positive about this company, but have sold out on this delay and the likely (imho) chart outcome. 23p looked good support until today, but the next levels I would see 21, then 17p. I will revisit then, and of course, in January when we come nearer to an outcome.
Of course SAE could in the meantime play a blinder by signing up something in Korea. And that would be me told!

[rogerramjett] 02/10/2020 14:04

Its what they have said in the letter requesting more time that is of concern. The reasons NRW need more time. Unfortunately I cannot share the pdf attached to the email and it cannot be downloaded on a mobile.

It sounds very contentious ! Just made me a little nervous

[tempesttroy] 02/10/2020 14:01

Hi Clabburn, I'm out & about today but trying to keep abreast of matters concerning SAE as I always do via mobile. Can you share with me why a number of investors are panicking? Is it simply a case of NRW requiring more time to assimilate the application responses so nothing untoward?

[clabburn] 02/10/2020 12:27

Just read the information and nothing here to panic about as far as I can see. The timeframe is more or less what I expected once we learned there would be another formal request for information on fire prevention measures and the 'significant issues' NRW mention were comprehensively answered in the responses SAE sent on 14th September. A few more months patience required and probably more opportunities to buy the dip if investors get spooked by any of this. It is a first of its kind project so no surprise it is getting looked at closely.

[desflurane] 02/10/2020 12:26

Share price will drift now

[x54v] 02/10/2020 11:36

Arden target price = 77p
Investec target price = 75p

Current share price = 25p.

So 3x the current share price to get to those broker TPs.

An exciting few months ahead.

[bishfund] 01/10/2020 16:56

Is there anyway to see at what stage the NRW process is at?

[x54v] 01/10/2020 14:40

It was Myles McNulty who added the 250k shares, TempestTroy.

Saying that, I've been adding myself on the recent dip. There is significant potential upside from the current level imo.

[tempesttroy] 01/10/2020 14:10

Brilliant stuff x54v. 250k of added shares is not an insignificance amount. Was thinking about adding a further 100k my self earlier on this morning before getting side tracked. The news yesterday that losses have been halved with revenue increase is always a good sign. Very confident about Uskmouth. I think your purchase is a wise move. Congratulations!

[x54v] 01/10/2020 13:52

Myles McNulty has been buying again. Nice entry point.

--

"Added a further 250k shares to LT investment, #SAE.

Pullback completely unwarranted - interims read v well, in my view."

[brucie5] 01/10/2020 12:47

Tidy little double base at 23?
Maybe.