Simec Atlantis Energy Share Discussion Threads

[shrout] 07/6/2021 09:08

I was hoping he was talking about Simec.. and Meygen, but it's Orbital Marine.. and Perpetuus). Not sure how their turbine designs differ, or whether there's any co-operation between SAE and Orbital on their respective projects in Scotland, but Orbital are mentioned as one of the partners in the Tiger Tidal Stream Energy Project.

[pugugly] 03/6/2021 19:14

muckshifter - Thanks for the kind words - I think it may have been something to do with a mine in Russia where they had massive construction problems and were trying to stabilize the shaft by freezing -

Your memory about algae CO2 and the US is correct - From memory one of the companies involved was a multi-company US development group - Some 5 units from memory - none of which were successful but I got into one Tyratech near the very bottom and made a small profit when it was taken over.

[muckshifter] 03/6/2021 17:14

Who knows what the thinking behind the announcement was? Perhaps it was for Government - civil service consumption to help with the current situation. It was a very long time after giving away half of Atlantis for a clapped out coal fired station that they effectively admitted that their planned conversion gave off just about the same CO2 / mwh as the original CF station. I read all the BS about the deal and the intended conversion very carefully at the time and for a long time afterwards in any published document, but all the information provided just claimed lower CO2 without any detail, or admission that you just don't count half of it.

[shrout] 03/6/2021 13:45

You would think they'd considered that before announcing the partnership... duh!.. no room for algae.

[desflurane] 03/6/2021 11:10

Post 1252. Good read

[muckshifter] 03/6/2021 10:28

Post 1232, nice to see you are still around too PUGUGLY, can't remember where we exchanged views,but I know we often did, and always politely, iirc, which is worth a lot if you read boards to consider serious views. It Might have been UKC or Jarvis on TMF, or SHAFT, SXX or similar on here, but I'm sorry to say I can't remember. If you are a holder here I wish you good luck, as things have been mostly going in the wrong direction, imo, since half of Atlantis was given away in exchange for a clapped out coal fired power station.

In terms of today's RNS, if you re read my post 1039 above, you will see that I thought about using the carbon dioxide from CF power stations to grow algae in lagoons about 25 to 30 years ago, as a means of sequestering CO2 and making use of it - liquid fuel and cattle feed, I thought. On investigating this idea at that time, sure enough I found a few US start ups trying out the idea, with limited success. But I did think (without any specific evidence - just my own estimates) that the limiting factor with most power stations would be availability of space for the huge area of lagoons that would be required for the CO2 output capture, and regular harvest of individual lagoons, the water usage required, and the possible problems associated with refreshing the water supply - ie. if you release any of the existing lagoon water into the current power station source of cooling water be it seawater or river, do you create a problem.

My best guess from what I've seen of plans of the project would be that Uskmouth PS has available only a small fraction of the land area that would be required, and this is a bit of a "pie in the sky" RNS.

[shrout] 03/6/2021 10:07

Remediiate didn't have much success as Algaceuticals.. company dissolved after 18 months.
Hopefully there's a real synergy between the two companies which will transform both of their fortunes.

[clabburn] 03/6/2021 09:29

Encouraging development but still feels early stage, unproven technology probably requiring revenue support or subsidy of some kind to make it viable (if previous CCUS projects are anything to go by). It all feels a bit like a last minute effort to rebrand the project too rather than part of a carefully worked out plan. I guess the key is whether it influences the decision makers in the Welsh government in the short term. I do think this type of project and focus on industrial clusters is important and if their timelines are to be trusted then it could be quite a fast development and great for the region.

[jotoha2] 03/6/2021 08:58

Local MP beating the drum can only mean one thing , planning will get the green light.time for another top up.

[our haven] 03/6/2021 07:51

Let's hope that it not only lifts the share price but casts a very favourable light on the planning permission.

[wheeze] 03/6/2021 07:14

SAE, the global sustainable energy generation company and technology developer, is pleased to announce that it has entered into a Partnership Agreement with Remediiate (UK) Ltd ("Remediiate"), an integrated sustainable developer of patented technologies that utilise waste gases to deliver high value algae products. This technology has the potential to not only decarbonise the emissions from the Uskmouth conversion project, an important milestone towards making the project carbon negative, but also creates a high value economic product.This may help lift the share price today.

[clabburn] 25/5/2021 10:58

Dilution is the leat of our concerns if you ask me. The company needs cash in order to survive the next 12 months while we wait and hope for positive external developments with tidal in the UK and the call-in at Uskmouth. My bigger worry would be if they didnt issue equity for lack of any takers. This time next year if all goes to plan the next capital raise will be from a much stronger position and linked to the start of construction on the next phase of Meygen.

[pwhite73] 25/5/2021 08:22

What a shame this has happened but I would not let the dilution deter you from buying or holding this stock. The news yesterday was excellent and can have global implications for SAE on the alternative energy front. I suspect new holders will shortly be announced.

[skinny] 25/5/2021 07:05

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The Company announces that the subscriber under the share placement deed, the details of which were announced to the market on 16 December 2020, has requested that the Company issue 17,543,860 ordinary shares ("Placing Shares") to the subscriber in relation to GBP1,000,000 of the subscription, the purchase price of which has been prepaid by the subscriber. Application has therefore been made for the Placing Shares to be admitted to trading on AIM with admission expected to take place on or around 28th May ("Admission"). On Admission, the Placing Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following Admission of the Placing Shares, the Company's enlarged issued share capital will comprise 523,464,350 ordinary shares with voting rights. This figure of 523,464,350 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

[petersmith6] 24/5/2021 19:48

Nice buy at the end of play..

[36jay] 24/5/2021 13:07

Decent orders being filled up.Dirt cheap.Afternoon seassion will be huge when US market opens.

[petersmith6] 24/5/2021 12:32

We need this technology in the UK.. we could power most of the uk with it

[bigberty99] 24/5/2021 12:02

Keep pumping tahir

[36jay] 24/5/2021 10:52

Sae no brainer.Still Dirt cheap.Imagine when us opens.Milestone Update is massive.

[clabburn] 24/5/2021 09:34

The market cap is definitely at rock bottom prices even if you looked only at the value of their existing tidal and hydro business. Still a case of needing to ride out the year but if Japan decides to nurture tidal tech towards commercialisation we will hopefully have three solid options of UK, Japan and EU to sell to. The new EU Renewable Energy Directive is out in June and might contain further good news for tidal.

Usk still with a long road to travel. Im hoping the call in request was just the Welsh government trying to avoid a possible banana skin in the run up to elections and the process now gets a move on. It's really hard to see how they could legally refuse this planning request which is pretty narrow at the end of the day (basically extending some railway platforms and building a few buildings for fuel storage). Natural Resources Wales were always a far bigger hurdle to clear in my mind.

[clabburn] 24/5/2021 09:34

The market cap is definitely at rock bottom prices even if you looked only at the value of their existing tidal and hydro business. Still a case of needing to ride out the year but if Japan decides to nurture tidal tech towards commercialisation we will hopefully have three solid options of UK, Japan and EU to sell to. The new EU Renewable Energy Directive is out in June and might contain further good news for tidal.

Usk still with a long road to travel. Im hoping the call in request was just the Welsh government trying to avoid a possible banana skin in the run up to elections and the process now gets a move on. It's really hard to see how they could legally refuse this planning request which is pretty narrow at the end of the day (basically extending some railway platforms and building a few buildings for fuel storage). Natural Resources Wales were always a far bigger hurdle to clear in my mind.

[escapetohome] 24/5/2021 09:17

Thats always the way, precisely at the bottom a load of naysayers appear, discouraging people from picking up a bargain.

[wheeze] 24/5/2021 09:15

Yes pity the idiots who sold at 5p. Already 50% up from lows. This is way oversold.