Simec Atlantis Energy Share Discussion Threads

[david gruen] 13/12/2021 08:56

Thanks for the clarification jone.

[jone06] 13/12/2021 08:56

Orbital Marine Power would also meet the grade.

[david gruen] 13/12/2021 08:21

Someone on Twitter did the analysis, I think he concluded there is only SAE that meets the criteria.

[george gently] 13/12/2021 08:10

SAE must be on for a sizeable slice of the recently announced UK government's £20 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.

[david gruen] 13/12/2021 08:05

That's the catalyst we needed. Sit back and relax all the way to 30p and beyond now.

The story is unfolding....

[our haven] 13/12/2021 08:04

We now have the breathing place we needed with the sale.

[david gruen] 13/12/2021 07:25

Brilliant news.

[aimbagger] 13/12/2021 07:20

Good news. £3M in the bank and allows them to fully focus on tidal energy and sustainable power generation.

[clabburn] 10/12/2021 14:02

Im not at all worried about dilution. The company remains in a precarious position and will need to regulalry raise fresh capital for a good while yet. The hope is that the next big raise will come with a share price at 20p+ and a Cfd contract in the bag but we will first need to see how they manage to deal with the looming debt interest payments. The Cfd process starts on Monday and an RNS to coincide may provide a bit more momentum. I am very curious to see what their approach will be: whether they will enter the full 80MW or go smaller, how many turbines will be from Nova etc. Its unlikely we will see any positive news out of Wales so it remains a case of carefully negotiating the winter, trying to keep the positive sentiment about tidal going with the big transformation coming in the spring. Im hoping for progress in France next year as well if we make it that far.

[aimbagger] 10/12/2021 12:07

Haha good omen

[mjb252] 10/12/2021 11:55

For the initiated Jaforsadi has been spending the last week or so de-ramping GDR from c25p to c70p. Lovely to see you here J - work your magic pls

[skinny] 10/12/2021 11:06

A monthly chart isn't quite as daunting!

[jaforsadi] 10/12/2021 11:04

Dilution is big

[3put] 10/12/2021 10:58

Bit of a gap to 5p

[david gruen] 10/12/2021 10:57

I've had to put him on filter too. Usually I find these nutters entertaining, but this one is so thick it's unreal.

[bmwman3] 10/12/2021 10:52

Filter the fool

[aimbagger] 10/12/2021 10:51

A tiny bit yes, no biggy. Momentum is upwards now with tidal energy becoming a key part of the governments plans.

[bmwman3] 10/12/2021 10:45

The Company announces that the subscriber under the share placement deed (the "Subscription Agreement"), the details of which were announced to the market on 16 December 2020, has requested that the Company issue 26,230,769 ordinary shares ("Placing Shares") to the subscriber in relation to GBP341,000 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 15(th) December 2021 ("Admission"). On Admission, the Placing Shares will rank pari passu in all respects with all existing ordinary shares in the Company. Following the issuance of the Placing Shares, no further shares remain to be issued under the Subscription Agreement.Following Admission of the Placing Shares, the Company's enlarged issued share capital will comprise 722,812,335 ordinary shares with voting rights. This figure of 722,812,335 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.

[david gruen] 10/12/2021 10:36

Lovely. A nice slow 12 month drift up to 30p will do nicely.