Simec Atlantis Energy Share Discussion Threads

[our haven] 07/10/2021 07:27

Agree Boxerdogz, this is very bad news. Reading between the lines we are out of time.

[boxerdogz] 07/10/2021 07:17

Terrible RNS . The Welsh assembly are really hapless , remember they spent 10 of millions of pounds on studies etc and took 20 years to decide NOT to reroute the M4 at newport

[skinny] 07/10/2021 07:03

SIMEC Atlantis Energy Limited Operational Update

[tomboyb] 06/10/2021 21:56

2 million dumped at 2.05 -

I think the seller has to clear as 5% left -

[clabburn] 06/10/2021 11:00

I think COP26 could be a factor, possibly the elections held back in May as well - at the time I had a feeling the Welsh government may have wanted to avoid a situation similar to the Whitehaven coal mine fiasco. As the law is currently, it's hard to see how they could legally block planning approval for what boiled down to a couple of extra buildings and extending a railway platform. Im not a legal expert though. Its stil possible this one could turn around but we should all be fully aware of the risks. I reduced my position and cur some losses earlier in the year. If they survive the winter I may take a punt in the spring on the off chance they win a Cfd. I have kept a small position in case Uskmouth comes back to life unexpectedly but dont expect any news on that until after COP26 and probably not until the new year.

[tomboyb] 06/10/2021 09:37

Online 5mill max -

That is quite sizeable so once seller has cleared -

[tomboyb] 06/10/2021 09:27

Morgan Stanley is the seller -

5% left -

[wilc42] 05/10/2021 21:35

Uskmouth. No noise at all. Do we think they are waiting on COP26 to complete before announcing this bridging tech has a short term license to operate.

[gbjbaanb] 05/10/2021 16:24

A fraction of the UK energy will come from renewables unless they have sustainable power like this asked tidal. Oh, and lots and lots of storage too. They will quickly find that wind is next to useless when you need to rely on it, and the cost of overgenerating so you have spare to store is pretty much prohibitive.

So uskmouth will have to be brought online. Unless they go nuclear.

[clabburn] 05/10/2021 16:24

Fair question Wilc. The Uskmouth model was always sold as a bridging technology while better technologies are developed (including moving away from single use plastic and improving recycling approaches). Best case scenario, it would goes online in 2025. For me, its now all about the tidal business and whether they get a Cfd. That wont be known until Q2 next year. If they dont, I expect insolvency and a break up of the company. Meygen phase 1 does have value, the hydro business is profitable and they do have proprietary technology (the AR turbines and sub-sea hub) so its not a total wash out.

[tomboyb] 05/10/2021 15:57

Same here -

end of day should bring some opportunities -

[volsung] 05/10/2021 15:41

Bought a few more for 2.4p
Not for widows or orphans this

[wilc42] 05/10/2021 12:58

All UK's electricity will come from clean sources by 2035, says PM https://www.bbc.co.uk/news/uk-politics-58792261If this is true, would Uskmouth be even worth it with a 10 year license?

[jotoha2] 04/10/2021 17:48

Wow , was it really at 95p some time back , clearly not very good , the question now is have they the skills to turn this around and back to at least 30p , all they need is the go ahead at Newport for starters.Have £100k waiting to go if they succeed.

[noirua] 03/10/2021 13:24

HL: Https 2020://www.hl.co.uk/shares/shares-search-results/s/simec-atlantis-energy-ordinary-shares
HL reports:
Linkedin:
Website:
Graham Reid, CEO of SIMEC Atlantis Energy Limited commented: "This is another important milestone for SAE and I would like to thank all those that continue to believe in my team and our projects. Our focus is the delivery of our projects, which are key in the fight against climate change, in creating a more resilient energy system and delivering value for all our shareholders." -

Atlantis Resources now Simec Atlantis Energy chart:

High Point 21 February 2014 at 95.5p and lowest 1 October 2021 at 2.475p - down 97.4%.

Wikipedia -

[pugugly] 01/10/2021 17:32

Now selling below the placing price!!!!1

[boxerdogz] 01/10/2021 16:01

A bust could be on the cards here, like putting your lot on ZERO on roulete.

[tomboyb] 30/9/2021 16:06

Thanks Zen -

[zen12] 30/9/2021 16:04

ArdenSIMEC Atlantis Energy have raised £2.6m at a share price of 2.5p in a fresh equity raise, representing 16% of the enlarged share capital. The company now have the working capital to support its operations whilst they wait for Natural Resources Wales (NRW) to process its environmental permit for the Uskmouth plant. We expect NRW to complete their review by the 6th of October and the public consultation to be complete by the 19th of October. NRW are scrutinising the compliance of the permit with law and therefore are not discretionary as conventional planning permitting. Simec are confident that their permit is compliant with EU and UK legislation and defined in plant permits by NRW. We are not currently rating the stock nor providing a target price during this process. The result of the permitting will dramatically change the near-term direction of the company. Investors are rightfully scrutinising binary risk around the plant. Following a permit being granted, Simec's near term earnings prospects will significantly widen its financing options. Notwithstanding the permitting, Simec has a joint venture with N+P Group for the supply of pellets as well as the core pellet combustion technology developed with Mitsubishi Hitachi Power Systems. Uskmouth is the pilot project. SIMEC wish to use this pilot to distribute the technology to a far broader base, possibly through licensing. Uskmouth is not the only site where the technology and pellets can operate. It is for now where SIMEC are focussed and engaged. Whilst the near-term financials of the company place significant concentration risk on this catalyst, it need not render the company palliative should permitting not be granted given the number of coal stations the world over. Uskmouth has the potential to generate £29m in FCF in year two and £50m in year three.

[tomboyb] 30/9/2021 16:02

I hope so -

MMs mark up and then rely on investor psyche to sell thus allowing MMs to buy back cheaper -

[zen12] 30/9/2021 15:53

Expect strong bounce at its hit placing price...placing gobbled up by all private investors so nothing for PIs here.

[tomboyb] 30/9/2021 15:46

I think this could fall below placing price -

Lets see -

[tomboyb] 30/9/2021 13:25

Hopefully -

[tomtum1] 30/9/2021 12:29

Looks like 2.52 the bottom

[soultrading] 30/9/2021 12:14

sudden buys flooding in,