Simec Atlantis Energy Share Discussion Threads

[mdchand] 26/11/2021 14:23

worth posting the offical govt link where they specifically mention simec.

last accounts stated the Director had 12 months worth of cash so don't consider short term coupon payments an issue. refinancing the bonds however far bigger issue but will start landing June 22 onwards. If CFD scheme in place they may be able to leverage of the coupon payments so its going to be close.

can they pull some rabbits out of the bag between now and June 22 - that's the gamble here for me. Any big tidal wins, or even one win 'developing a pipeline of coal-fired generation conversion projects globally' would be transformative.

have a position here that has 1p downside and multiple upsides if they can survive. seems a fair risk reward trade on the basis I can afford to lose my position.

[skinny] 26/11/2021 13:42

Most of the larger trades 'look' like buys.

[david gruen] 26/11/2021 13:38

Why would a big SELLER start a campaign at this level? BUYING campaign makes sense given the change in context, but who would decide to start SELLING at these levels?

[dave4545] 26/11/2021 13:12

It's clear a 1 mil seller is keeping it down. You get a bout of buying and bang one shows up just below the buy prices.

mm happy to work a low margin.

When they clear the price should race up though

[david gruen] 26/11/2021 12:44

Looks like the bots have been set to accumulate.

[david gruen] 26/11/2021 10:40

I see it differently.

If I have an order to fill, I drop the price to squeeze weak holders and generate sales. Popping the price up is counter productive as it attracts buyers.

[dave4545] 26/11/2021 10:32

I think the 1 mil blocks are sales and worked order.

Other wise the price would have took off if they were buys along with all the pi's piling in at 1.5p full offer earlier.

[david gruen] 26/11/2021 10:22

1 million buyer loading up.

[skinny] 26/11/2021 09:44

Post - the links.

[jotoha2] 26/11/2021 09:43

It's the bigger picture which here will improve dramatically , the rest of the world will follow this technology , management have to get out there and grab the opportunities .

[david gruen] 26/11/2021 09:30

Buy and hold for multiple bags over the mid-term. Don't worry too much about spreads or intraday movements.

[dave4545] 26/11/2021 09:28

Currently the mm's will pay you 1.302p if you sell which is evil and then if you want to buy they will charge you 1.488p

I know it's a poor day but that is criminal

I hope all those buyers at the bell do not sell back to the mm's and let them win

....they will though !

[david gruen] 26/11/2021 09:13

Agreed. 20 million per year isn't massive in the grand scheme of things, but it will keep SAE up and running, and it shows the government's commitment to this amazing world-leading renewable energy solution.

[jotoha2] 26/11/2021 09:11

Great news , massive rerating by april 2022

[david gruen] 26/11/2021 07:57

That should keep the lights on for at least 15 years. :-)

[david gruen] 26/11/2021 07:55

SIMEC Atlantis Energy Limited

26 November 2021

Press Release: 26 November 2021

Government gives the green light for a blue energy revolution

Nova Innovation and Atlantis Energy welcome the UK Government's announcement of funding for tidal stream energy and look forward to delivering more turbines in the water at the world-leading MeyGen site

Nova Innovation (Nova) and Atlantis Energy (Atlantis) have welcomed the Government's decision to establish a GBP20 million a year ring-fenced budget for tidal stream technology, available for 15 years under the Contracts for Difference (CfD) scheme, which could be awarded as early as April 2022.

This GBP300 million investment signals the UK Government's confidence in the role tidal energy can play in delivering net zero carbon targets. It creates a clear route to market for UK tidal energy companies like Atlantis and Nova that will create thousands of jobs across our coastal communities.

Simon Forrest, CEO of Nova Innovation, said:

"We are delighted that tidal stream energy has been recognised by the UK Government as a core part of the UK's green industrial revolution. The ring-fenced investment will deliver a route to market for tidal energy companies such as Nova Innovation and Atlantis Energy - turbocharging the delivery of tidal energy across the world."

Graham Reid, CEO of Atlantis Energy added:

"We would like to thank all who have championed our industry and believed in the global role tidal stream energy can play in the fight against climate change. We look forward to continuing to work in collaboration to deliver our ambition of more turbines in the water."

Nova and Atlantis teamed up earlier this year to develop the MeyGen tidal site in the north of Scotland. MeyGen is the largest consented tidal stream site in the world with a potential capacity of 400MW. It has all the necessary consents to deploy 80MW of tidal power immediately and is already home to the world's biggest tidal array and the world's most powerful tidal stream turbines. Following the announcement, Atlantis and Nova look forward to the deployment of many more turbines on the site, creating jobs, investment and reliable green energy to the Scottish grid.

Nova and Atlantis will now work with stakeholders to maximise this opportunity for Scotland and the UK, while demonstrating tidal stream energy's exciting global potential.

Tidal stream energy can deliver 100% clean, 100% predictable energy, without visual impact - complementing intermittent renewables like wind and solar power. A recent report by the Royal Society highlighted the UK is capable of delivering over 11GW of tidal stream energy by 2050, 50% greater than current UK nuclear capacity. Nova and Atlantis are driving forward to ensure the industry delivers on that target.

[heatseek77] 26/11/2021 00:30

Good morning good folk of SAE it appears we both have been infiltrated here and on our thread MXC by the frenzied nutter that is bad robot and his many aliases talking complete nonsense, come across join us even if you don't buy or sell in shouting the ' 'nonce' down (his favourite word that I wonder why?)

[jotoha2] 25/11/2021 19:05

CLABB, could you please clarify the £20million funding every year going forward ?

[clabburn] 25/11/2021 10:01

24 hours ago I would have agreed with bad robot but I am thinking the new government funding changes the equation. Meygen should get the majority of the £20m funding as there is nothing else close to it's scale ready to bid into the auction. That will be £20m every year for 15 years. Just need to find a way through the debt repayment due end of year and pay the bills until then.

[bad robot] 24/11/2021 20:01

BR
IN BR WE TRUST
RED MERCURY CREW

[clabburn] 24/11/2021 19:48

This £20M ringfenced is a significant development that gives me hope. Incredibly frustrating that it comes four years too late but it all but guarantees us a CfD. That will completely change the dynamic around funding. Instead of death spiral, an equity raise will now be to fund the development of 80mw of generation. That may be enough to bridge things until the French project comes together. Still a long way to go.

[jotoha2] 24/11/2021 17:45

Where are the new contracts Mr Gupta , hiding is not the way forward here.

[master rsi] 24/11/2021 16:38

Plenty of talk about at twitter



SIMEC Atlantis Energy
@simecatlantis
The Pentland Firth is home to our MeyGen tidal turbine array, which had generated over 38GWh to the national grid since installation in 2018! 🌊🏴󠁧󠁢[7619;󠁣⏘20;󠁿