Simec Atlantis Energy Share Discussion Threads

[760il] 01/11/2021 13:32

nice, 1.70p buys coming thru.

[golden number] 01/11/2021 12:42

Loads of activity for renewable. Perhaps that's why we are moving. Could be good news. Bojo wants to impress, most probably gonna throw money like confetti soon





The contracts, worth between £30million and £200million, are 'complex and multi-year' and are expected to be 'key' in boosting revenues in the years ahead as the UK strives towards decarbonisation, the company said on Monday.

Aside from its historic pedigree, Harland & Wolff's shipyard has been used more recently to build offshore wind turbines, while its giant Samson and Goliath cranes are considered Belfast landmarks.

(© Provided by This Is Money (
'Project developers have now become conscious of the lack of fabrication capacity across the UK and are making efforts to book capacity', it said as it unveiled its unaudited annual results.

The marine engineering company, which was bought for £6million by Infrastrata two years ago after collapsing into administration following the bankruptcy of its former Norwegian owner, also confirmed it is going ahead with its plans to increase the UK’s gas storage capacity.

Amid the growing concerns about the UK's gas supplies, its Islandmagee underground gas storage plant off the coast of Northern Ireland was given the green light earlier this month.

Harland & Wolff now expects to receive a full marine licence within the next two weeks and could eventually hold over 25 per cent of the UK's storage capacity.

In the future, the facility could instead be used for the storage of hydrogen.

[bad robot] 01/11/2021 12:24

Nice 1.57m above offer 1.70p. I do not know what's happening but let's hope big rise. We genuine gambles deserve a good payout, buying low.

BR
IN BR WE TRUST
RED MERCURY CREW

[bad robot] 01/11/2021 11:52

1.7p will start getting hit soon.

I think 1.8p+ close today.

BR
IN BR WE TRUST
RED MERCURY CREW

[bad robot] 01/11/2021 11:22

It's time we roll again this time past 2.4p on the road to 5p.




BR
IN BR WE TRUST
RED MERCURY CREW

[bad robot] 01/11/2021 10:56

Nice 4m buy.

STILL THINK 5P by December or January.



BR
IN BR WE TRUST
RED MERCURY CREW

[tenapen] 01/11/2021 07:27

Bidding for state funding.

[skinny] 30/10/2021 12:38

From the (also there are plenty of links down the righthand side :-

[gbjbaanb] 30/10/2021 01:44

Found this today, generally about SAE.

[jotoha2] 28/10/2021 09:37

5p is certainly going to happen but Uskmouth has to come good first , otherwise it's a slow burn here.

[bad robot] 26/10/2021 21:04

Would be nice if we close the gap to 5p, but that will take a few months. 2.0p by Friday will be wicked though.

BR
IN BR WE TRUST
RED MERCURY CREW.

[tenapen] 26/10/2021 17:55

I should have added to my earlier post.....

Never gamble more than you can afford to loose.

[bad robot] 26/10/2021 17:29

Sells being mopped like last time at 1.3p, this time buyer mopping shs at 1.6p.

Please buy
then buy buy buy more.

Afterwards buy a lot more, be very greedy.

Once BR breaks the 1.6p booooooom 5p.

BR
IN BR WE TRUST
RED MERCURY CREW.







BR
IN BR WE TRUST
RED MERCURY CREW

[clabburn] 26/10/2021 16:56

Agree that there is still some value in the equity. They have a fully consented 400MW tidal project and a decent shot at winning a CfD in 6-8 months time. The hydro business is also profitable. I do worry about the looming debt repayments. Normally, you would look to your major shareholder at times like this for a bit of help but hard to see any relief coming from there. Still, if the management can find a way through the winter and Meygen wins a CfD, I can see a road to recovery. Quite a few 'ifs' there admittedly.

[tenapen] 26/10/2021 16:23

With cash in the bank and in the right sector at the right time ! SAE has to be worth more than £10.75m

IMHO

Always do your own research.

[volsung] 26/10/2021 12:02

There's life Jim...

[bad robot] 22/10/2021 10:14

DCD Redux 2 to 2.4p?

BR
IN BR WE TRUST
RED MERCURY

[jotoha2] 22/10/2021 09:32

The large trades took place after the issue of shares at below 2.5p , so nobody has made a decent turn here , all waiting for Uskmouth news , if it's negative then 1p here we come .

[muckshifter] 21/10/2021 20:53

I don't think they "convinced the money lenders". The £2.6m placing was the gross proceeds, and I'd be surprised if the net was not 15% less. In other words the broker who organised the placing was well paid, and almost certainly had lots of regular HNW individuals ready well before the announcement. Those individuals would know in advance the placing price and would short sell in the days before the placing at a few pence more per share, making them also easy money. It is something I believe is done very regularly in situations where a company is getting a bit desperate.

[bad robot] 20/10/2021 19:37

when to load up?

2 lots of 1m just after close.



BR
IN BR WE TRUST
RED MERCURY CREW

[jotoha2] 20/10/2021 09:19

Possibly , but why only raise a couple of million , did they manage to convince the money lenders that Uskmouth would happen , cannot belief any company can raise that amount if they are close to going down the flusher.

[robertspc1] 20/10/2021 08:37

They have a lot of interest to pay and a 4m bond maturing in 8 months etc. Equity worthless IMHO

[tenapen] 20/10/2021 05:54

gb
Your post is nothing but 'ifs & buts'.


The fact is SAE has c£2.6m in the bank from an over subscribed placing. With a M/C of £10.75M

[gbjbaanb] 20/10/2021 00:12

Cash rich, but at what burn rate? That could have been just enough to get past uskmouth running if planning had been granted, but now it's another year probably before the next bit of gov delay.

[tenapen] 19/10/2021 19:55

29 September 2021

SIMEC Atlantis Energy Limited

("SAE", the "Company" and, together with its subsidiaries, the "Group")

Results of Placing

On 28 September 2021, the Company announced the launch of a fundraising comprising a placing by way of an accelerated bookbuild process by Arden at a price of 2.5 pence per share (the "Fundraising"). The Placing was over-subscribed and has now closed.

The Company is pleased to announce that the Placing has conditionally raised gross proceeds of £2.6 million through the issue of 104,000,000 new Ordinary Shares at 2.5 pence per share.

-------------------------------

Cash rich.