Member Info for Bananaman2

scousegerry. I also felt the same. Kevin Cox also bought shares in the recent fundraise. This was very good but to buy in the open market at a higher price shows confidence in the business. This purchase has not assisted the business in any way as the shares will have been bought from a seller and not the company placing shares. This purchase tells a storey in itself.

The MCap is now looking silly but it will or has taken some time for the business to regain investor confidence. Something that seems to be high on the list of priorities.

I am not sure what success looks like in terms of licencing or sales of just one of their products but considering the area they work in i would imagine a whiff of success or improvement in patient conditions would be worth a substantial amount to an interested party.

I believe someone discussed this on here recently.

Considering adding more here on Monday. I have been tentative up until now but researching this weekend may convince me to add more whilst we are still in this trading range.

With only 52m shares in issue the SP could move very quickly where shares could be in short supply.

lesserof2weevils. It sounds like you have been invested here and waiting for some time. For long term holders I expect the placing the other day was a kick in the proverbials. It was for me and I only bought in 2 weeks ago but paid 17.4p. Significantly more than the placing price.

TBH i cannot work out the low valuation of the business. With such a diverse portfolio of renewable energy projects and cash generative I would like to think that there is a lot more upside potential here than downside risk.

The next 6 months are going to be interesting and hopefully exciting for current shareholder.

Best of luck.

Just watched the interview for a 3rd time. SIMEC seem very excited about Uksmouth and hope to close out financing and EPC contract within the next 6 months. With the fuel pellet JV now in place SIMEC really do appear to be a very diverse business in the renewables sector.

At £55m MCap it could be seen as undervalued in relation to the business portfolio of energy projects and cash generation. When operational, profits from Uksmouth will be around £34m.

These are staggering figures for a £55m company.

My reservations of how these projects are to be funded have now gone. SIMEC confirm that they are in advanced negotiations for financing, so we will not be looking at dilution and a placing to fund the construction.

It would be nice to see a little more excitement and interest around what SIMEC are doing. The next 6 months could be transformational.

Old tramp. Appreciate that. Thanks. 77p is a conservative estimate by the looks of it especially when just Uksmouth may generate £34mln per year in profits. Not revenue, profit.

Add to this a growing tidal portfolio and now a renewable or energy from waste fuels partnership then SAE really could be worth a lot more.

13p does now seem like an absolute bargain.

Let's see how this attracts the attention of investors over the coming months and hopefully the SP will be sitting much higher before Uksmouth financing is in place.

Best of luck. Thanks for the link.

Old tramp. Great read and a significantly undervalued business by the looks of things. Added twice today after reading more.

Bought in a few weeks backnat 17.4p and had to treble up at this price.

When financing is in place for Uksmouth I think we will see the mother of all corrections.

What are the broker targets based upon Uksmouth and the tidal power business. Not forgetting we are now part owners of renewable pellet fuels.

just added 17993 to give me a nice round number if that helps.

Obviously not seeing much down side from here. Great to so comoany leaders buying in. Sends a positive message to the shareholders.

Once operational thr revenue will be 30 to 40% of current MCap from Uksmouth alone. I am sure £25m per annum was quoted.

Plus we have a stake in the company producing the fuel. No brainer.

Oh, not fogetting MayGen already producing revenues.

Just taken another 26500 odd at 13p. Listening to the interview this cash raise was needed to obtain financing for Uksmouth which will be transformational. Happy to pay 13p now as once financing has been arranged a re rating is on the cards.

'Next 6 months will be transformational'

BC201 using VAL201

Look at the website.

TBH I nearly sold out yesterday but today topped up instead. After watching the video I am now considering doubling up.

I can only think of a declining sentiment towards management but reading between the lines this is a new VAL and well worth a punt at these levels.

Potential upside is huge on positive news of BC201 or VAL201 down side from a £4m MCap is minimal really.

Brilliant. What a diverse business with a huge potential from this level.

Can someone tell me the figure he mentioned in respect of the Uksmouth ? It sounded like 1400 million, but I am sure I have that wrong ?

Listened twice but sitting on a beach and noisy here.

Seem very undervalued at £55m. Getting the finance sorted will relate this company. Huge revenue potential once up and running.

Yes. 12.99p for me. Another £2.5k top up. See how this goes from here.

Interesting is the latest sale confirmed with SAF for the 250kw of containerised solar PVs to replace diesel.

I think Verditek and AFC could work very well together creating a bespoke off grid fuel and power generation system using solar, electrolysers, fuel cells and batteries.

*Does sound dramatic.

Hate working from a mobile phone. Fat finger and predictive text can make you look very illiterate and a right plonker.

Not forgetting the increased efficiency which is likely to be above 25%.

Doesn't skund dramatic but 3% over current PV efficiency is considerable. However, 30 to 40% efficiency has been quoted.

Really looking forward to an update on this as it has the potential to be truly transformational.

It doesn't mean they will go up but means that Spreadex believe that the sentiment of traders will be net long and therefore to ensure cover for these bets they have taken a long position themselves.

So essentially spreadex have hedged against investors and traders placing long bets on VAL by buying the shares directly.

This because they would usually cancel out a buy trade with a sell trade and have a net zero position simply making money on the spread.

As spreadex are anticipating more long bets than short sells they cannot cancel the longs with shorts so have taken a long position themselves to make money from the overriding direction of the SP.

So you could in effect say that Spreadex buying VAL shares is very positive.