Simec Atlantis Energy Share Discussion Threads

[jotoha2] 27/4/2020 10:35

I see the main Poncho is looking for £500 million to support the group companies , and they hinted there will be another call for the Chancellor to cough up again , hope SAE have enough cash to see this project to fruition .

[mrturquoise] 27/4/2020 08:36

Tertiary Minerals - TYM
GOLD GOLD GOLD
Drill completed, under analysis, in play RIGHT NOW - results are looking GOOOD.
4 Million Ounce Reserve!!!
2M Mkt Cap.

[wilc42] 21/4/2020 10:45

But won't the oil giants just buy up the strugglers that have valuable assets still to exploit. I hope that oils does reduce but unfortunately these oils giants make up a large % of their sovereign stock markets.

[gbjbaanb] 21/4/2020 09:45

It would be, but it won't. Now you can be paid to take oil away, who would spend a lot of money on any renewable when you can burn oil for nothing. The benefit of renewables (When Greta isn't looking) Congress when oil is expensive. Now this may help in the future, as people move away from oil fields they can't exploit profitability. I hope we see a lot of oil companies give up, and then renewables will really be a good investment one the oil price starts to rise again

[gbjbaanb] 14/4/2020 18:00

Of course, the benefit off the tidal generation is that it is a lot more reliable than wind or solar. That's why I invested, but this feature is irrelevant while renewables make up a fraction of generation. That's changing, some days the price of electricity goes negative when there's so much wind or sun, we have enough intermittent renewables that one you can generally guarantee to work is essential. If only it cost less, and that won't happen until it gets proven and a lot more orders happen with subsidy. Just like happened with wind.

[clabburn] 14/4/2020 13:39

I dont think they have any special technology as such. I think their line of reasoning is that they will be using a brand new state of the art combustion system (being designed right now by Mitsubishi) which will burn far cleaner than coal or standard waste incinerators, meeting all the latest EU environmental standards. I expect more details when they finalise the design at the end of Q2. Also the fuel is plastic mixed with bio-based materials which partially reduces the harmful impacts on a per megawatt basis and make it similar to gas for CO2. I should add Im not a huge fan of all this but I can see the rationale for it. Like it or not, we will need thermal generation for several years yet, not to mention the problem of mounting plastic waste, and this type of approach is arguably an improvement on what we have currently. It also goes someway to preventing new gas build (a long-term carbon disaster in the making right now). On balance I think it's a good development for the world but only if it is strictly time limited as a bridging solution while more sustainable alternatives to both power and waste come through. There's no denying it will divide opinion though.

[jotoha2] 12/4/2020 10:19

Thanks for that , in their system of burning plastics , have they overcome the toxic waste of doing this , have they published any figures ?

[clabburn] 11/4/2020 20:47

Yes. The tidal tech is great but essentially worthless without governments providing a subsidy or route to market. Im no fan of burning plastic either but can see the value of the Uskmouth deal for Atlantis. Without it they would still be years off being a self-sustaining business and we still dont know if tidal will find its niche. I hope and expect it will but India just announced they are giving up on it as a technology and there's a big risk of cheap wind and solar (plus batteries) sweeping everything else away. As an environmentally minded person, Im not keen on it as a technology but can see the huge value it offers as an investor.

[jotoha2] 11/4/2020 13:25

If everyone beliefs they are barking up the wrong tree , why is the company going up this route , they clearly are not making any money with their present activities .

[clabburn] 10/3/2020 10:51

Yes, to be honest Im a bit uneasy about it myself. It wasnt why I got into this company and the whole point is that we need to move beyond burning stuff to generate power. That said I can see it has a place as a bridging solution and it is better than building new gas plants. Unfortunately, without government support the tidal business has no route to market. No-one is going to voluntarily pay over the odds for tidal power when you can build a windfarm for less than half the price so government support is still needed to get the price down. Uskmouth will buy them the time they need to hopefully get the French tidal projects away and maybe bid successfully into the CfD auction in autumn 2021. Without Uskmouth I fear the company would run out of cash long before then and investors would lose out. Still lots to like about this company though and I do believe the tidal business has a big role to play in the future. Even if it ends up just being a niche technology for islands, that is still a big market globally.

[clabburn] 06/3/2020 09:41

Interesting that the market still not impressed by latest progress at Uskmouth. Im tempted to add more to bring my average price down (originally bought in much higher than 10p!) but until financial close I guess there is still a lot of scepticism around whether they can get the money for the conversion. Everything else seems to be in place as far as I can tell. They have a brilliant PPA structure and will have crazy levels of profit if they can pull this off.

[x54v] 20/2/2020 10:44

"We’ve seen green/clean techs fly in recent times, on the back of not a lot of substance - AFC, PHE, etc. #SAE has some serious substance with company changing news on the horizon in Uskmouth. Personally see this doing multiples in the coming months."

[clabburn] 19/2/2020 17:21

I wondered that too - I invest in some of those stocks as well and it has definitely been the case of some rising fast on nothing more than general sentiment and people wanting to cash in on 'net zero'. Until this week Atlantis seemed entirely immune to this trend though which makes me think the rise is down to something tangible. My plan was to hold for the medium turn and hope Uksmouth triggers the much needed correction in the share price this year. It's still massively undervalued if you add up the enterprise value of their most developed projects.

[x54v] 19/2/2020 16:35

Clear breakout on the chart. Volume has been increasing too.

No real resistance until 19p.

[x54v] 19/2/2020 13:30

The sector has been extremely strong recently (PHE, VLS, CWR, ITM, AFC etc) so perhaps people looking for the next big mover.

Additional posibility of technical breakout buyers.

[clabburn] 19/2/2020 13:18

Up nicely again today. Hopefully this people in the know buying up shares ahead of some genuine progress. The only other short term catalysts I can think of other than Uksmouth is policy change from the UK government towards tidal. That would immediately bring the next 2-300MW of Meygen into play which would be huge. Other speculative ideas could be GE taking up a position or maybe something from the project in Indonesia (which has gone very quiet). I would expect some news on Project Stroma soon as well but doubt that would make much difference to the share price.