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Slightly frustrating that contrary to what is said in the RNS the report is not yet posted on their website!
2x 100000 delayed buys - institutional interest?
They already have at least £36 m in grant funding for Phase 1B project Stroma due to start this year. The key to real commercial success here is achieving at least cost parity with wind turbines and Phase 1B is designed to move us towards that goal with bigger blades and drilled foundations. Meanwhile there have been a number of announcements on projects and partnerships around the world any of which could generate news and a significant boost. The results will make interesting reading.
Been thinking more about my previous post and I now don't think we should be getting any RNS from ARL as it would show their hand on CfD strategy. This is a highly competitive process and particularly providing any indication of involvement prior to bid period closing could be highly detrimental to any intention to compete in this round. We can expect an update from National Grid's EMR team (those running the auction process) on 6th June about timelines, but as for any RNS probably not until after bids or even until announcement of successful participants.
Reckon this one might have to be a more than a bit of decent news. Fast approaching company entry price of some years ago. Concept and general timing remain sound, but have quezzies about medium term funding. Presumably EU well will be running dry.
Can't make bricks without straw. First bit of decent news and this will be back up again imo.
I would predict a few more future placings are needed until the EBIT swings into the positive as Meygen progresses but I agree this is a good level I never thought i'd see again after topping out in the early 80's.
Never thought i'd see this price again. Thank you very much.
Yes, I would have thought so too. This seems quite an important period then, Eng. Final results have been published at this time in the past few years - what is it this time, the 29th May? Then the CfD update on 6th June (if they are indeed involved in one way or another). I really do like this bunch - so much potential. Oh, there goes the SP...
IB: the window for applications to qualify for CfD auction closed on 21st April. Current position with CfD applications is some have failed to automatically qualify, so likely to be appeals likely, which will push date of bid submissions out. Further update due out 6th June. Guess no RNS from ARL means no application or maybe currently not qualified? If they had have applied and been successful (meaning qualify to bid in the auction later) they would have been informed on 16th May and I guess we would have got an RNS on the strength of that.
Read what I wrote there - sounded rather more down than intended! Looking forward to end of the month.
There you are then. The placing money is to be used for... identification... of new opportunities, the progression of existing projects... general working capital and the repayment of certain debt facilities. Mmm Has anyone any idea how any CfD stuff is coming along?
Been away and missed the 12th May RNS. Loving it though. This is quietly gathering steam but is just off the radar. Happy to hold long on this.
1) Phase 1a turbines redeployed; and 2) Final results, this month.
Systems inspection, performance testing and upgrades. Redeployment expected this month. 10th April RNS.
Are the turbines down because they broke, or because they are fiddling with the internal gubbins? I only read that one turbine was broken, and that seemed to be because of a "3rd party error", whether that means a cheeky fisherman dropped anchor or a gear needed changing, tricky to say.
...and to see a stable sp in between items of news. It has in the past been quite spikey, as the charts show. They also show how quickly this can move up when news lands. They have several projects around the world in addition to Maygen, so that can be anytime and unpredictable. Hence I am holding.
This is one of the most long term shares I have ever seen, nice idea but not a traders share.
It's all in the 10th April RNS. No big deal.
The articles have been out there for people to see with a simple google search. Nothing against them. Phase 1a is for identifying these small issues now so that they don't rear their head during future phases or projects. Knowing which turbine supplier will deliver the lowest cost : performance is essential.
slightly disingenuous that bad news isn't publicised in the same way as the good news
http://renews.biz/106388/meygen-kit-to-undergo-om/ http://renews.biz/106638/atlantis-to-unplug-more-tidal-kit/
Fair comment Ctw. Just the cynic in me coming out - a PSA with a company with little more than a MOU, doesn't feel particular significant. I wouldn't argue about it all being in the right direction. Suppose they are damned if they do inform us and damned if they don't ;-)
Don't really understand your reservations C.eng. The SBS website confirms what is in the RNS. Surely the 'Nautilus' project qualifies as a live project (albeit only for the initial 12MW and st an early stage)? I think the comparison with Vestas was intended to refer to the potential not the present and I agree that we are presently a long way off from that but I do think the potential exists for the future. SBS may be a Services co but they do have a MoU from the State owned elec Utility co for exclusive rights to develop 3x 150MW sites. Seems a pretty promising collaboration to me.