Firering Strategic Minerals: From explorer to producer. Watch the video here.
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20/11/2015 - Deadline for Secretary of State to make decision The Planning Inspectorate issued a report of recommendation to the Secretary of State on 20 August 2015. The Secretary of State has 3 months in which to issue a decision. The decision letter and report of recommendation will be published on this page of the website
Need a drop to 0.50 for me.
we would see this at 1p a share, wish I had funds to top up, its always the same I never have any money when a bargain comes along
The figures are terrible Looks like Welsh farm destine to fail, Polish farm , nobody wants it, And CWE.ASX locked in cannot get out. If this doesn't go down !
The main focus for the Group continues to be the planning application for the Mynydd y Gwynt ("MYG") wind farm in Mid-Wales. As announced on 21 May 2015 the examination phase for the application is now over and the Examining Authority has three months during which he considers the various representations made and writes his report to the Secretary of State for Energy and Climate Change. The Secretary of State then has a further three months to decide whether to award consent. Given this timetable, notification of the decision will be no later than 20 November 2015. Financial performance The Group made a Loss from Operations of £462k in the year, the comparable figure for 2013 being £733k. The loss for the year was £3.65m (2013: £1.6m), mainly due to a charge taken for the impairment of the Polish project amounting to £2.17m and interest on the Utilico loans of £889k (2013: £677k). Wales The planning examination process closed on 20 May, with a consent decision due by 20 November 2015. If consent is granted then the wind farm would need to be connected to the proposed new Mid-Wales hub substation via a 132kV overhead line, which will require a separate planning application by SP Manweb. In turn the new hub substation is also the subject of another planning application by National Grid. Both grid projects are currently scheduled for completion in October 2019. As the connection date is October 2019 the wind farm will not be eligible for Renewable Obligation ("RO") support, which closes in 2017, but will be eligible to apply for support using a 'Contract for Difference' ("CfD") tariff under the electricity market reform arrangements (Electricity Act 2013). Achieving a CfD is a competitive auction process dependent on several factors including the money allocated by DECC. For a discussion and explanation of the new CfD regime please refer to the www.emrdeliverybody.com and www. lowcarboncontracts.uk websites. On 27 May 2015 the Queen's Speech contained an intention to introduce a new energy Bill, which in relation to onshore wind projects included a 'commitment to end new subsidy for onshore wind farms… and DECC will be announcing measures to deliver this soon.' It is currently unclear how this will affect the MYG project but the board of directors of the Company ("Board") will update the market as and when there is more clarity. Whilst the Board will consider all possible deals should consent be granted it is its view that the sale of the wind farm is likely to achieve the best value for shareholders only after the grid connection projects have both been consented and the CfD auction process successfully completed. MYG will not be eligible for the next CfD auction in November 2015 and will have to wait for the following auction, currently expected to be winter 2016. Poland Recent clarifications in
Friday, 05 June 2015 / $1.5m Government Grant Milestone Payments - $1.5 million milestone payments approved by the Australian Renewable Energy Agency - Milestone payments approved for manufacture, construction and deployment of CETO units and the commissioning of the Perth Wave Energy Project
Today confirms no nasty dept surprises until the award process of planning is over! So that means we are clean cut just pure waiting for news until End of November. Nice place to be perhaps.
I thought there were three objectors, (Natural Resources Wales and Powys County Council and Ceredigion CC). All have disagreements on a list of various topics but how 'Major' these disagreements (objections) are is in the eye of the reader. I would suggest the objectors consider them 'Major'. There is also the objections from Roland Baskerville about peat displacement and water erosion. The decision to grant is not a given by any means IMO. I tend to have a 'green energy' view and would grant it but I'm not the SoS. The period for submissions now finished and Planning Inspectorate completed his examination of the application on 20 May we await him sending his recommendation to the SoS Energy & Climate change before end of Aug and a decision by 20 Nov deadline
Forgive me, not been watching too closely Are we due an RNS or update on 30th May ?
I think these are the lows!!! I Expect a move to 3p quite soon, with a bounce up higher very probable.
will trade this for about 5 months imo, then people will take their positions and wait for news on a positive welsh outcome and bag up. over the next 5 months I hope I have funds to top up on the lows.
With poland im out, I just dont know, I never really invested on that asset base. Well with wales I do know a very big fact, there was no major objection at any stage, that is a very strong platform to build a solid case to go forward to the final stages. I will also note Clive Callister did not sell he recent share purchase in the build up to the first period closing, thats a very very good sign, without Wales going forward he would be looking a very low value return on his 1.26 investment. Who knows what the planning decition will bring but with no solid objection and a fine REH case put forward we can conclude Clive is confident and Im holding so we are 60/40 towards a positive outcome as 9f 7am Today.
Poland is holding an auction of wind energy rates (whats paid to providers) the outcome will revalue the polish asset, either way its currently valued at within 1.7m market cap. (Seems crazy when you also think that Wales is worth with planning 10m plus alone) I also note CWE is progressing very well indeed down under, either way our Market cap (£1.7m) is supported by some very strong assets.
rns
Can easily see a few buys pushing this close to 3p today. All still under 2m market cap with a potential asset worth well in excess of 10m.
Good pressure, 430000 buys against 60000 sells - 3p next?
will wait and see don't want to see anything like new
Hate to say im ramping! Only winning at 3.50! X
Lets stop there and start again in the morning!
could we get news soon
Closes today, i dont see any big objections there, hope REH have a strong case in now.
Strongly to break out about 3.50 (from ADVFN)