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hi guys, i would like it to be the bottom too.. but the buyers are absent for now, and with this supply continuing, i feel it needs to shock buyers into getting off the fence again - so it's into the 10s is my guess !
90 percent buys have been showing as sells... Hope MMS will wake up and report correct and I feel yes this looks like very much Bottom now...
This is my first post although I am a long term holder.
I suspect (hope) that we have reached the bottom so bought more today.
The reason for posting is that my 8580 shares bought for 11.55 showed as a sell (as discussed by others).
I don't know.
I hope not.
I am just a normal person investing and I think this feels like the bottom, hopefully.
I think if there is any good or non negative news then this will jump up quickly.
I hope...
?? positive today. Seems to have reached a bottom. Or were you hoping for a better point to top up on?
Let's see what today holds.
Must be an upward trend at some point.
After yesterday's fall let's see where we go from here...
I did read MM post.
Although I do not get hung up in all his views it was rather interesting about what he sees regarding SAE.
Time will tell.
I think the big questions are...
If GFG hit the wall what happens to SAE?
Will the USP be affected in the interim? Call in...could affect the SP.
Will the new CEO of SAE stay during whilst the clouds are gathering...
Mid term will SAE have the form factor that makes it viable should it be sold??? SP rises
If GFG get another financial backer then the SP rises???
There are more questions than answers.
I suppose it is about derisking or seeing an opportunity. That is down to each investors objectives...
I think you are right and that the UK does really need to have the ability to produce this for all industries and infrastructure projects.
Not sure where the S Gupta thing will end though.
I have heard on the grapevine that he is close to a deal with another financial institution, but who knows. A lot of questions at the moment with no concrete answers.
Also to consider that the failure of GFG would strongly affect Steel in the UK and also the other projects that were to come from this.
It is all above what me, but we shall obviously see where this ends up over time.
One thing we are not talking about is the demand for steel.
I read an article a few days ago talking about the demand liberty have got right now and will have over the coming years with the demand for steel as we come out of the economic crisis.
Surely this opens up a position for liberty to get bought out.
I am a positive investor, but on the fence with what will happen with GFG.
I do hope it will turn out better than it currently looks but it is concerning.
We shall see in the coming days or weeks and in the meantime investors may have to decide what they will do with SAE investments.
Although I don't really see eye to eye with you Eric on all things I kind of agree with the thoughts you have about OHS.
When I first came on here he was posting every day with links everywhere.
Although he seems to have now jumped ship it does seem that he has now gone negative. That is for him to decide what he wants to communicate but I do feel people need to be aware of his position and what he is pushing.
Don't think it is nasty but seems a little odd.
I assume the call in will happen soon as the 3rd of Feb is now a very long time ago.
That's stocks and shares. No certainties.
Frustrating - my holding has gone absolutely nowhere in 9 months because I was too FOMO to sell at 30p and meanwhile the stocks I should have put those profits into have doubled or better. Expensive lesson
More upward than downward as at 8.50
All aboard the SAE rollercoaster...
Invested a few weeks ago and 25% down already, nice lol.
@Strangy There was actually another update to the document today, but there wasn't an update on Uskmouth so I didn't post it.
For anyone who checks manually: there is a great app on android called web alert that auto-retrieves web pages and checks for changes to whichever parts you're interested in. I use it to monitor sites like the NRW correspondence page so I don't miss any updates.
One would assume that word will be out about the call in prior to publishing on Pdf. However not up to speed with the Welsh Political Framework.
Thank you. Yes I have seen this and browsed the site with the last updated off from them being end of Feb?
Let's wait and see.
I think S Gupta has done a press announcement where he states that discussions are taking place with a replacement for the current I'll fated bank.
Let's see where this goes.
Hi Strangy83, it's currently sitting with the Senior Officer at the WM. Goodness knows how long that will take but I would assume not too much longer now. Only hope the SP rockets on any positive update as I think many investors are sitting on a paper loss right now. The guys from across the pond are due to make their 2nd payment soon. If they do this could help nudge the SP up.
On a separate issue.
Does anyone know when the Call in decision will be announced or available?
My take on the chat this far is that I assumed the early link to 2016:had been superceded, however there are still links though after reading the FS Link.
I personally see the USP feeding newer technology. That said Mr Gupta's main plan is to produce Greenersteel which as we all know required massive energy usage.
We shall see.
With regards to GFG.
Yes they are in the news and I don't think anyone on this forum can give a correct verdict about what will happen etc. Time will tell.
With regards to UPS. This is still in the balance with regards to call in etc and then the EP.
So the dip is understandable.
Not getting involved again in any it for tat. Here for sharing of information and just things that may give me what I may not see.
Not a tamper either way.
Just an investor.
Let's see what happens.
FS - they ‘were’ linked when Uskmouth Power Station was owned by SIMEC Uskmouth Power - it made perfect sense to supply a GFG owned steel plant with a GFG owned power station. But the power station is no longer owned by GFG, they hold less than 50% of it (they cannot actually own more than 49.99% of SAE in total). SAE moved with the times and decided to go down the route of a possible PPA with data centres. Now, that is not to say that things won’t change again but at present, SAEs ‘current’ intention is to supply Imperial Park. OHS
@originalharrystamper: I can't say I get too worked up about someone telling me to do more research when suggesting that the steelworks and Uskmouth aren't tightly linked. They're literally owned by the company and GREENSTEEL has always been the driving strategy behind the power station project, no matter what is being said here.
If the article I posted before is too old for you, have the main company page from the Simec website which says the following:
"As part of the global GFG Alliance, SIMEC has a key focus on developing large scale green energy capacity to support GFG’s low-carbon metals and industrials strategy – known as GREENSTEEL." ~ http://www.simec.com/company/
I have been invested here for a long time, I believe in the technology being used both at Uskmouth and even more so on the MeyGen project, but if you're not at least slightly concerned about the impact of the current GMG goings on, I'd suggest it's you who needs to do more research.