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Added 500k today sub 1.25p is hard to resist
Would it correct to assume that while many onshore and offshore wind turbines are not operational in these stormy conditions our own turbines are still churning away nicely in the sea?
Great to see pictures of the machine in the shed undergoing overhaul. Solar panels had the same high costs of production but the FIT boosted investment by private investors so I hope the government doesn't pull the rug on helping the early stages of this sector......there's loads of sea space.
Stay cool, these are generally not good times on the stock market
-10% *thoughtfull smiley*
I hope that we all do. Money aside, I'd also really like to see Tidal tech become more widespread in the way that offshore wind has, which as you know also faced high costs initially.
Don't wanna give any advice except the obvious one: don't risk what you are not willing to lose.
But let's see. Chances are good for you to see some green this year. 🤞
It could also be viewed as stubbornness or stupidity lol. I've always viewed it as a high-risk long term play.
A few times I've said the same, that's it, no more, the Director buy was my last purchase though, but I don't plan on any more, because I don't have the spare cash at the moment.
10 years in and your average is 2.47? That's commitment. I entered much later and my average is around 4.5p iirc. I just don't dare to invest more at this point. Then again.. maybe now is the best time..
2.47, 10 years is a long time to average down and my initial investment was pretty small, I wouldn't class what I've done as pouring my money in (I have low risk investments also), just waited for the lows, if I've had some spare cash then I average down incrementally. It saved my bacon with the S show that was Sirius and a few others, but I've also being burnt other times. I could have cashed out in Sept 2016 and Sept 2020 and done well, in hindsight I should have, but what kept me in is my belief in the technology, even more so now with BESS.
Agree with TRbob.
Trust me if the SP goes up by 10% or more all of a sudden new people enter the board talking chute.
They will tell us that in a week this will be 5p nailed on or 0.005.
Ignore them.
I'd
F they cannot talk about the basics then they are FOS.
If they tell you the chart says they have broken out...
Same applies.
GLA
IMO it's bite size gains and stability.
We have a been around 1.4 to 1.5 for a few weeks.
Next news needs to be excellent from Bess or MEYGEN to keep this momentum.
Since IPO? What is your average? Did you ever average down? I find it hard to believe that we'll see 100p anytime soon as it would mean SAE had a valuation of £1B.
I don't recommend to simply pour more money in. I'm just saying.. today even 10p, although much more realistic, may take a while to get there.
I hope this doesn't sound too airy fairy, I actually find this board quite refreshing, everyone makes well reasoned posts and there is a feeling that we're in this together. Pretty much every other board for my other investments is mostly chaos and noise.
We've had the rampers and de-rampers before and no doubt when this starts to move they will return with their nonsense, as is the way of the world.
I've been in since the IPO, yes things aren't great and the comms are very poor, but I still (maybe foolishly) have hope that this will come good.
I don't post often as I don't have much to add of value, but thank you to those of you who do.
Don't agree with your thread given HMGs record.
Tidal energy had a recent airing in Parliament, though mostly about tidal range rather than tidal stream.
https://hansard.parliament.uk/Commons/2024-01-10/debates/25B36A79-F234-4E02-9F62-5E79682C7AB9/TidalRangeEnergyGeneration
General mood seems to be disappointment that projects move slowly, if at all.
Some times it can be better to fly under the radar. Once this BB is flooded with rampers what usually follows are derampers then the conversation gets messy. The true nature of investors come to the foreground when they set themselves varying agendas.
We should see some growth here this year and maybe more than expected if a labour environmentally friendly government gets in.
Look at where nations are going with centralised crypto. BESS is an absolute necessity if this is ever too be centralised by governments. If you don't have guaranteed power you can't get a sale or a purchase which imho puts an end to the cbdc argument if which the powers that be seen to be insisting is the future.
Guaranteed power will be funded by HMG and other governments if they are too travel down this path.
BESS it seems it's the only way we can guarantee power. I forsee big business going big once they realise.
I'm regretting it, because it's so depressing and shattering seeing this seen by only us and ignored by anyone else. :(
Am I wrong in saying that we are still in the research and development stage. The business is capturing the data and making its plans on said data.
I presume that the natural route for Proteus would be too eventually own it's own ship and team to provide the service at source of installing removing turbines. That would require some heavy investment and debt of which would not be SAE. It is if course scope to gain a bigger share and go in to cahoots on this project. I sometimes think though that some of these turbines have been turning for a long time without the need to replace, remove etc. It is a very distinct possibility that these turbines do not need to be bobbed in and out like a Chocolate biscuit in a brew it's just because of the data gathering. I'm a man of little knowledge in the sector and only assuming the possibility.
Ditto.
Given the portfolio of Mr Black this may actually be positive as the financial support for Meygen could come from that area that Mr Black works in via investments in renewable energy market.
The issue still relates to turbines.
This is ownership and agreements.
If Proteus become the big turbine builder then it will help.
Can a plan be deployed where the company (via Proteus ) have an effective method od removing and deploying turbines?
The cost is reflective for this and also that they can state and keep to their targets for remove and install.
Time out of the water now will be twice as costly from 3mw turbines.
The company on this front really do need to have better Comms given the fact that they have just given themselves bonuses.
Still leaves a sour taste in my mouth to be fair.
I wish I could disagree Strangy, but it's hard to do so. Yes, it appears that the company was able to make a turn, but it's still a ton of open questions which simply haven't been answered for too long now.
Maybe this fades if the company value goes up over time but until then I'll remain nervous.
One thing has to be said though: even though all the uncertainty I do believe that the company is currently undervalued. SAE could cover almost their entire debt with Uskmouth and they are generating money with MeyGen. On paper the company appears in debt with £50m in debt, but Uskmouth is an asset that is currently not considered by the market if you ask me.
That being said, given two CfDs, MeyGen and the fact that they probably are only £10m in debt, if Usk was accounted for, SAE might be in a better position than what's currently reflected in share price.
I give SAE a solid 2.5p as a gut feeling 🤪
With the question remaining: How will SAE finance the next MeyGen phase because they WILL need money.
Horror scenario: bankruptcy in the end or somebody buying the company off the market for £20m leaving us stranded.
Read all you have put and to be fair it has already been discussed before.
The playing field is going to be very difficult with regards to cash runway and being able not only to finance circa 10 turbines for phase 2 but also the next phase. That will be about 30 on top of the 10 already mentioned.
Do not really care at the moment what Mr Black is saying, stating or spouting.
Fact.
Full reverse done by SAER ref Usk.
Meygen 6 MW although working in a way doing well the delays for turbines being back in the water is a major concern.
Yes we could say in an emerging technology R&S is pivotal.
I would argue that if we are struggling with 4 turbines and getting these back in the water then how will we fair when we have newer turbines that have many different components and different blades.
This is an issue already so given that the Toyota Lean Manufacture principal must come into play then how will this fit with servicing and repairs etc as the Nigg area will be non stop forever given what is required going forward.
What is the funnel problem....oh yes it is when turbines are taken out and not immediately replace as this then effectively reduces energy and cash generation for the company.
There are many queries and questions.
To be fair I was hoping that the BESS at Meygen would be bigger in order to really create a double boost but at the moment it is only 200mw.
Also back at Usk.
Imo we need to have our own part of the system so we generate cash whenever we store energy via battery storage otherwise we do not get the best revenue for the systems that are being developed and built to over 1gw.
Are there any other things in the pipeline at Usk?
Where are we with regards to Meygen and the 2025 financial scenario in order to build and fit the turbines.
Also don't forget that SAER have now changed their objectives and role as a company.
Which is now....
Tidal energy system design, development and operation.
Time will tell. At the moment I am not aware of what turbines Proteus have in use at the moment.
Thought welcome.
Thanks for your thoughts Timaeus Duncan is certainly having an illustrious career along with being chairman of SAE and putting his hard earned into the company.
Worth a read.
https://www.thomas-lloyd.com/en/news-and-insight/thomaslloyd-hires-head-of-portfolio-asset-management-under-recently-appointed-cio
Why don't you just start one thread instead of flooding the board???????