Member Info for Bananaman2

Phyl, This had crossed my mind. Simec Atlantis, with their tidal power, hydro and thermal power solutions, huge revenue projections and short term avenue to profitability could be a prime take over for a major player wishing to make the most of these green or sustainable energy solutions.

An operational Uskmouth could be the point when in combination with Meygen 2 that Simec Atlantis become that £1bn company. I am expecting much more between now and 2023/4 in respect of Subcoal conversions and tidal and hydro which would only push the value higher.

I can only account for Tim Cornelius, I have never met him but he presents himself and the business very well. He has also been around for some time. I can imagine he is very well respected within the company and a very switched on business man, leader and engineer.

yellowf1, are you really asking if AFC have patents ?

Phyl, There will be a significant need to dot the 'i's' and cross the 't's'. Looking through the public register SAE seem to be working efficiently to bring this to close. I can only imagine what this will do to the SP and the value it will add to the business once this is complete. Having done a similar exercise last weekend I ended up adding another 20k shares this week and will still add more but I just have that nagging in my head to wait until the fuel permit has been closed.

Can you imagine the potential for SAE getting this off the ground, not just in conversions projects but the potential this bring to own and operate with Hana or another financier. And on top of this, the Subcoal pellet partnership with N+P (NPA Fuels) has some staggering numbers. We are literally talking £20m plus revenue for Uskmouth alone based on the difference between gate fees and production costs. Absolutely staggering.

Part of my brain is telling me to add, do it now and part of my brain is telling me to hold fire. Its hard to make sense of it sometimes but if i add anymore i dont want to feel overweight in the position. That is not meant to be negative its just me trying to be sensible.

OHS, yes, I did the same. Its getting interesting. The price can move quickly on little volume as many of the shares are secured by Simec and II's. I would imagine we have a few million between us on this board also.

Really need to get the fuel permit done and we are looking at the blue print for future coal conversions. The potential for that is enormous. One for Simec in respect to consultation or owner operator and secondly for sales of the proprietary subcoal pellets needed to run the stations on. particularly as the gate fees will not be going down for the non recycleable materials.

gspanner. I was not advising to look at AFC. Having been a shareholder for 10 years I was merely trying to explain that I have been through the peaks and troughs, dilution and fundraises. I decided to change my approach as it has not been as fruitful over that period as I had hoped. My only reason for remianing invested is that after 10 years it is well overdue a re rate but still needs to generate meaningful revenue and have a pipeline of business. That is the difference with with EQT, they have a string pipeline and short path to profitability.

My largest holding is Simec Atlantis. Which are looking to convert a redundant coal fired station to run on their own proprietry pellets made from non recyclable materials. This would be the blue print for coal fired conversions where there is existing infrastructure. They also have several tidal arrays throughout the world which will be growing significantly over the next few years.

Its horses for courses. Each business offers a valuable solution to a growing issue.

gspanner, I have seen exactly that with AFC Energy. Probably one of the most frustrating shares I have ever owned and continue to do so. They are now proving, after 10 years of holding, that they have a remarkable product which fits nicely into the hydrogen economy. With most of the pure hydrogen plays they are valued on intellectual property and potential and are possibly a few years away from profitability.

Where AFC used to be my largest holding it is now only around 15% of my PF. I still wait in anticipation.

EQT on the other hand have a demonstrable tack record and a fantastic product which is relevant right now. Huge potential taking over from waste incineration and dealing with a multitude of waste problems whilst providing a relatively clean solution right now, and not in the future.

I appreciate that PHE produce hydrogen gas but they perhaps do not have the revenue projections of EQT and the technology is not yet proven by operational sites. That is one reason for me choosing to invest here rather than PHE. The other being that EQT have a clear path to profitability in the short term, a lesson learnt from investing in R&D for the last 10 years.

My switch to revenue generating businesses in the green tech sector with advanced stage and proven technology has also led me to Simec Atlantis and Itaconix. Both having very strong revenue projections and close to profitability. I am expecting big things over the next 12 to 36 months from EQT, SAE and ITX, and to some degree I am expecting the same with AFC although very painful.

So we are waiting on an update on the course of action for nuvec and the stage 3 trial results.

The original email stated 10 weeks for stage 3 which assume started mid August. So can we expect the conclusion early November on this but in the meantime expect that N4P are lining up collaborations for using the delivery system?

Sounds pretty good and especially at this level.

Its likely to stay in this range until further news. When the fuel permit (everything crossed. Fingers, toes, the lot) is given the lid will be off.

Evening people. I think this was a settlement trade.

Huge spread to deter buyers. Dropping the bid to trigger stops. A few MM games this afternoon.

Regardless, I have taken a small position today and will be holding for the upside potential. Short term this looks likely to bounce around but the RNS you've all been expecting could land any day and away its goes.

What are the time scale on hearing an update on these trials ?

I hear it is imminent but just how imminent ?

Yes, MCap is very low in comparison to other pharmaceutical companies . Any rise will obviously be dependent on the value a positive update adds to the business.

Here we go again, another assault on the 30p mark. Could easiky break it or be back to 25p tomorrow.

Not worried either way to be honest.

JAS78, Thanks, Haven't seen any timescales for confirmation of the JV. Appreciate it was announced on the 21st July.

Will be listening to a stockbox interview shortly with Richard Conroy from 8th September on Anglo Asian JV and Irish Gold.

Will post the link here if interested and not heard.

Also just dipped my toe in here. Only 10k shares at 25.9p. Seems very undervalued considering the resource and JV with AAZ.

What am I missing ?

Sorry, it is Kyuden Mirai that is to have a 1.5Mw turbine installed in Q3 2020 and demonstration in Q1 2021

wasn't a 3Mw turbine being deployed to Ras Blanchard this month?

Not sure if that is still the case but believe I read that in the Arden research note ?

with the number of shares held by Simec and institutions the free float is very small and only takes a small volume to move the SP.

Regardless of buying today or yesterday the SP will be irrelevant in the medium and long term.

Next few weeks may see volatility but by the end of the year we could be anywhere between 50p to 75p

Really hoping to see some figures for NPA fuels partnership as that seems to be very profitable based just on feeding Uskmouth.

Would also love to hear of a development in South Korea for further stations with Hana. Now that would be special.

Haha. Yes OHS, once they have received the permits (fingers crossed??) .

I have about 25% cash in the PF at the moment. May just keep it that way for a bit but certainly adding more here before or after.

Interesting to see that there is an option to convert a third line to increase the 220Mw to 330Mw at Uskmouth.

Returning to silly price levels again.

The biggest impact will be environmental permits. That is the biggest hurdle to clear. There is no deadline for this but everything has pointed towards that being this month.