Simec Atlantis Energy Share Discussion Threads

[wheeze] 17/11/2020 08:03

Not sure if this has been posted. Hope they will reach the obvious conclusion. This is a far more reliable source of energy than wind or sun.htTps://environmentjournal.online/articles/mps-launch-inquiry-into-tidal-energy/

[tempesttroy] 12/11/2020 13:31

I think it's great if not before time the world is waking up to the potential of tidal. As Clabburn says, a CFD win will be the gamechanger. Could very well happen!

[llef] 12/11/2020 12:45

On the subject of tidal energy, (tho not SAE), the bbc is reporting that Nova Innovation have received funding of 1.2m gbp from the Welsh govt to produce a feasibility study into developing tidal energy around Bardsey Island near the the Llyn peninsula

Initial plan is to place 5 100kw turbines on the sea-bed, with the potential for more later.

This is nova innovation's take on the news
hxxps://www.novainnovation.com/bardsey-island

[clabburn] 10/11/2020 16:04

Hi. Agree here - I think we might see a little boost if tidal features in the energy white paper expected this month but Im not banking on that. A Cfd win would be the real game changer for the tidal business and we are looking at Sep 21 for that. Positive developments at Uskmouth likely to be Q1 so agree it's a case of digging in for now and waiting out the current turbulence. I might add some more if the share price drops again but already have quite a big position so likely to just hold.

[tempesttroy] 10/11/2020 15:22

Hi chaps, looks like LSE are having all sorts of problems with their share chat forum. We're now into our 3rd week were it has been "temporarily" unavailable. Not sure why? No such issue with ADVFN though. share price has taken yet another knock today as red sells dominate the number of share transactions forcing the share price to slide. Might also be number of dark forces in play not helping matters? Anyhow, it seems any uplift as a result of the presidential elections were short lived. The RNS yesterday only having minimal impact which, in truth, does surprise me as this update is clearly beneficial for the long term (tidal) profitability of the business going forward. The share price then might continue to be suppressed while we wait further news on the EP. Might get as late as early March before we receive anything concrete as a consulting period will ensue once any grant has been permitted. Until then I believe we might have to hang on to our shirt-tails! Appreciate other views.

[clabburn] 09/11/2020 14:08

Yes this also happening at the moment in parliament: rsofhxxps://renews.biz/64319/uk-examines-role-of-tidal-power-in-net-zero-plans/

It's definitely not too late for tidal. It just needs a modest amount of support and to get costs down so it is cheaper than nuclear or wind/solar plus storage. When it does I think the turbine division will quickly get very busy.

[tempesttroy] 09/11/2020 10:27

Completely agree Clabburn. In terms of the numbers, I expect SAE/JV will have more than a clear view of the savings the new technologies will bring and I wouldn't be suprised to find another positive RNS before year end. You can only imagine what would happen to the share price if the SUP EP were to be granted at the same time! It feels like we might be in a moment of positive RNS updates?

[clabburn] 09/11/2020 09:45

A few numbers would have been nice to understand what sort of difference this makes to the levelized cost but I guess it must be significant (an 'exciting milestone') to warrant a RNS.

[clabburn] 09/11/2020 09:41

This is really encouraging particularly with the uk energy white paper round the corner and the revised CfD pot structure hopefully set to give tidal a fair crack. Progress at Alderney before the end of the year would round things off really nicely.

[tempesttroy] 09/11/2020 09:08

Read the news myself earlier on RNS. Great way to start a new week I must say. Sounds like the JV could well be a gamechanger for tidal energy on a global platform. Will almost certainly make the UK & other countries/governments take notice I would have thought. Just goes to show, the technology is there and perhaps now we have more of a level playing field with other sources of renewables tidal will get the recognition it deserves!

[skinny] 09/11/2020 08:37

That helped!

[jpuff] 09/11/2020 08:35

SIMEC Atlantis Energy Limited Joint VentureSource: UK Regulatory (RNS & others)TIDMSAERNS Number : 6521ESIMEC Atlantis Energy Limited09 November 2020SIMEC ATLANTIS ENERGY LIMITED("Atlantis", the "Company" or the "Group")Atlantis and Asturfeito's Variable Pitch System for Tidal Turbine Generators (VPSTTG) project moves to the manufacturing stage-- With the help of a EUR1 million grant from the Executive Agency for Small and Medium-sized Enterprises (EASME), Atlantis and its project partner Asturfeito have given the green light to advance their project to the manufacturing stage of the Variable Pitch System for Tidal Turbine Generators (VPSTTG)-- This takes the project one step closer to completing its objective of reducing the levelized cost of energy generated by tidal technology through the production of an affordable Variable Pitch System (VPS) -- After the completion of this stage of the project, the VPS will be tested on-shore -- This VPS system will be used on future turbines supporting the evolution of the tidal industry as a whole, further developing the industries European supply chain and giving the planet more efficient and affordable access to renewable energyAtlantis, the global sustainable energy generation company and technology developer, alongside its partner Asturfeito SAU, is pleased to announce that its VPSTTG project has been given the go-ahead to proceed to the manufacturing stage. As a result of the EUR1 million grant from EASME to support the development of the project, the company is now able to progress with its mission to reduce the cost of energy generated by tidal technology via the production of an affordable Variable Pitch System (VPS).This is an exciting milestone for the company as it strives to make renewable energy more efficient, accessible and affordable for people around the world.Drew Blaxland, Director of the Atlantis Turbine and Engineering Services Division, commented:"This is an exciting time for the company as we work together with Asturfeito to make the cost of tidal energy more affordable and accessible for all. We would like to thank the Executive Agency for their continued support and the amazing project team who have taken us to this stage"-- ENDS --Enquiries: Investec Bank PLC [phone] Jeremy Ellis Sara Hale Ben Griffiths SIMEC Atlantis Energy Limited [phone] Sean Parsons, Director of External Affairs Notes to EditorsSIMEC Atlantis EnergyAtlantis is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77 per cent. stake in the world's largest tidal stream power project, MeyGen, 100 per cent. of the 220MW Uskmouth Power Station conversion project and 100 per cent. of Green Highland Renewables, a leading developer of mini-hydro projects.https://www.simecatlantis.com/This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDJVEFSWSAUESSEEF(END) Dow Jones NewswiresNovember 09, 2020 03:29 ET (08:29 GMT)

[meganxmas] 05/11/2020 12:53

Sorry typo ... 100k !!

[meganxmas] 05/11/2020 12:40

Late reporting of trades going on ... bought 200k about an hour ago at 22.0p

[gbjbaanb] 05/11/2020 03:34

I think jobs will be an even more urgent issue in places like Newport very soon.

[tempesttroy] 04/11/2020 19:40

NRW definitely treating this as a new application based on updated environmental legislation...and who can blame them? They will be in the firing line with the protesters once the EP has been granted and will need all the ammunition they can get in order to pacify them. Even so, ultimately, I fully expect the application to be a successful one. SAE have already made a substantial investment in this project to see it fail on this milestone. It's also in the interests of the local economy to see this passed due to the jobs it creates both directly & indirectly. NRW have a duty to consider this element when making their decision. We must also remember that NRW must work within its legal parameters. All in all, I feel confident of a positive outcome.

[clabburn] 04/11/2020 16:45

Hi all. Seems to be a case of waiting for news now. The deadlines have passed for the last formal request for information from NRW so my guess is that the decision will come around the end of the year as per the latest tentative target date from NRW. Im still confident but it's not guaranteed. I think a sticking point is whether this is considered a variation or a new project. I think NRW are treating it as a new project and are therefore being more rigorous on things like wildlife habitats than the company probably expected. Im braced for bad news but this is still fundamentally undervalued based on tidal alone so I would hope the share price doesnt fall too far. On that front prospects for tidal could start to look much better depending on the energy white paper (due any day now) and if Uskmouth fails I imagine they would try to pivot quickly to projects in Asia. This would test the patience of the humble investor to breaking point and there would be questions on whether the company has enough cash to survive long enough to bring any of these projects through but I think they would muddle through. A tidal CfD win next September would be huge so that would be the next date I would be looking to if Uskmouth hits the skids. I think they would stand a good chance of winning on appeal but who knows how long that would take.

[muckshifter] 29/10/2020 16:54

Thanks TempestTroy. A few of the posters here, including you, have obviously been following the approvals process far more closely than I have, and I hope that it works out OK for you. My point really might perhaps come down to: the authorities control the process in the end; they can, I think, bend the process to get whatever result they want; they are unpredictable; and it is entirely debatable whether or not the Uskmouth development is environmentally beneficial overall.

I'll wait and see what happens as Uskmouth puts me off SAE.

Just had a look to see what that earlier link was about, but blocked I see, so can anyone explain what it's about?

[tempesttroy] 29/10/2020 15:18

Hi muchshifter,thanks for sharing your opinions/concerns. You could well be right. There's no cast iron guarantee the EP will be granted. I'm naturally concerned to read the previous link accusing SAE of not being entirely forthcoming about the real state of play regarding Uskmouth. Difficult to quantify as such unless SAE themselves see fit to make a formal response. I hope they do.In respect of NRW, from what I've seen, the application itself has been far from being easy. I would say the opposite in fact. It seems to me that NRW want to cover all bases in case of public reprisals. In terms of the Environmental impact on surrounding nature reserves, this is all covered off within the application response. Whilst I don't think there is anything untoward,it would be beneficial to all if SAE could make a formal RNS. By the way, all Natural Resource organisations must comply legally with any applications of this type or other. They can make it extremely challenging that's fair to say but in the end NRW must grant the permit if SAE are fully compliant with all environmental legislation. Well see.

[bishfund] 29/10/2020 15:16

Anybody able to see the information in the "premium content" part of this article?

[tempesttroy] 29/10/2020 13:39

Hi rivals, many thanks for bringing this matter to our attention. Not good reading this if truth be told. I'll look into it with haste.

[rivaldo] 29/10/2020 12:30

Not a holder here, but just came across this morning's article here FYI:



"Simec Atlantis Energy – yet more lack of honesty?, Uskmouth power project in delay...

By Peter Brailey | Thursday 29 October 2020

Almost all companies advise investors in a timely manner about material developments to the investment case, but some do not. Of course stock market rules mean all should but I have flagged previously how I consider Simec Atlantis Energy (SAE) has revealed material project delay information via non-RNS routes. Guess what? – the cash-consuming Uskmouth Power station project looks delayed again, why have investors not been updated?…

etc"

[tempesttroy] 28/10/2020 13:10

Thanks for the warning guys.. much appreciated.