Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
£100M ++ is not a precise number, do the +'s mean £5, £5m, £50m? also where have you plucked that number from because it's not correct. We can all make numbers up.
You talk some absolute rubbish, why are you even talking about politics? But just to blow your tiny mind even further, i vote Lib Dem, if anyone sounds like Boris, its you with your rambling nonsense.
why do you keep talking about 'people' and the 'board' no one is paying any attention to this other than you and me. You don't have a grand audience and nobody actually cares what you think - mainly because it's not actually based on anything factual.
i assumed from the continuous crying that you were, i'm very pleased for you that aren't, maybe there is hope for you yet.
well you are either a bad share trader or you have no shares, you avoid every question relating to why you made your investment here , so no shares is the logical conclusion.
i can see you are having trouble following what i am saying, i'm trying to write as basically as possible for you but you seem to still be struggling. i was repeating what you said, but that seems to have confused you even more. I would draw you a picture for images aren't supported here. i would say re-read what i wrote but i don't think that's going to help.
no one's bullying your nob and showing you why you are wrong isn't bullying snowflake, people are allowed to have a different opinion as long as they can justify it. are you saying you believe i'm paid to mess with your tiny brain, is that the ruse you believe to be rumbled?
i see you have removed £50m from your initial costings you got from the blog you read, probably wise. Why don't you find me a precise figure and then i'll tell you how its going to be funded.
no just you for not putting stop loss on your investment, if you have lost 84% and not got out before then that's on you. Don't worry, hang tight and even a fool like you will get some back.
How does that make sense, are you suggesting i work for SAE and that my job is posting on here? maybe they are paying me just to mess with your tiny brain, seems to be working, maybe i should ask for a pay rise?
haha, so you invested in a company that 'always going to dilute into nothing because it has nothing to generate enough revenue to turn a profit apart from pipedreams of power stations with no money'. Can you hear yourself? you are saying there wasn't a case to invest before Simec got involved. You aren't convincing anyone you have shares in the company but please carry on, its amusing to make you look like an idiot especially when you do it to yourself.
haha, it's only a 84% fall if you were foolish enough to buy at that price, which by the way you keep mentioning it sounds like you were. I think Warren Buffett can sleep easy for a while yet.
Have you managed to work out why you invested in Atlantis Resources in the first place or is that still proving too tricky for you?
Yawn, you're a boring little man aren't you.
You couldn't even answer a simple question like why you bought in the first place - obvious deramper.
I can't see anyone agreeing with you or are you referring to your original explanation of why a horizontal turbine manufacturer didn't win a contract to develop a floating turbine. In which case if they agree with your explanation they are as 'clever' as you.
If you don't like the company and think the share price is going to go down, why don't you sell up and f**k off you silly little sad waste of time .
so you don't know why you invested in Atlantis in the first place?
the key word is 'anticipated' a bit of over run is common in complex projects.
haha, some guy blogging three times a week with incorrect figures is where you are getting your information from? maybe someone else should be DYOR. yes i'm sure they started the project without knowing where the capital would come from to complete it.
here's a link to somewhere you might find less taxing for investing your money as you are clearly struggling with the complexities of the stock market: https://personal.natwest.com/personal/savings.html
i agree, 'either or' wasn't correct, 'both of' was more fitting.
you've been told the timeline of the project so why are you expecting major updates this early? hence my don't know what you are talking about comment.
Thanks for explaining the geography of the Usk, very useful!
The 'takeover' has given us access to the Uskmouth conversion project and Highland Renewables, which otherwise we wouldn't have access to. In terms of immediate revenue then no it hasn't added anything, but this is a long play as i've already explained.
In terms of people seeing nothing on the horizon, i suppose that's why Equitix want's a 25% stake in the Uskmouth project and are happy to contribute 25% of the development and conversion costs?
Well i can't believe you are still 'in this' if you are prophesying its downfall - 'soon no company' as you say, which is part of the reason i think you are full of BS. Why did you invest in the first place if you thought the company wouldn't win any CFD's? where did you see the company going before it was 'taken over' by Simec? If the business case was poor before Simec got involved and worse after then what were you hoping for? or didn't you DYOR?
Either you are de-ramping or you don't know what you are talking about, i suspect the latter.
1) if it was a takeover then we would have bought Highland Renewables so Simec could have off-loaded it for a good price. We didn't because in the end it wasn't commercially viable to accrue that much debt, which was decided by the independent BOD.
2) an update on 'usk' was released on the 15th of July, just over a month ago - this is now the primary project, however there are many others also in the pipeline.
3) MeyGen continues to generate revenue daily
4) the reason that the share price is so low is that the next obvious increase in share price is coming from the 'usk' project which isn't going to be online for some while yet, so why let your capital sit somewhere when it can make you more else where? The big investors will come when 'usk' is almost ready and not before. There are however, a number of opportunities for Simec Atlantis to surprise the market, which if you are here is basically what you are waiting for.
5) The reason we didn't get this is that we don't develop floating turbines and OMP only use floating turbines in their projects
6) If you have the patience and can stomach the risk then buying at this price will seem like a fantastic bargain in two years time. But if you want to make money in that time though then there are much better investments out there. This is a 'take a punt' stock after all, you are investing in cutting edge technology in an undeveloped market with few working examples that operate in some of the harshest conditions, the fact that we have diversified is a good thing, we are no longer solely relying on winning CFD's, which again, we aren't likely to do this year (unless they really have cut costs) and maybe not next year either.
Thanks. I only have a small interest here and like the idea of what sae is trying to achieve. Gutted about the drop since shares were on hold. It’s about bloody time they started picking up considering there was no actual explanation for the drop in sp.
SAE turbines are ballasted to the seabed - i.e. they are lowered to the seabed and connected to the grid on cables under the ocean. Conversely, the SR2000 and future deigned systems by the Texo Group are floating turbines - they do not require the more expense vessels to deploy and float on the surface in varying depths and they rotate around a central mooring buoy to take maximum effect of the changing tidal patterns. Which system is better? Both have their pros and cons; one disadvantage of the Texo system is that the turbine is battered more by surface conditions and partially open to the elements and rather than being 'out of the way' is visible to all to see.
No it isn’t.
https://www.pesmedia.com/texo-group-tidal-turbine-orbital-marine-power-o2/ Is this the same turbine SAE are now bringing to the market? There are a lot of similarities in this report to our company here. Do we have a play in this or not please? It’s been a hole since I have visited just happy to have these under the mattress for a while so tend not to bob in to much here.