RE: BURWELL UPGRADE IN PROGRESS ;)06 Jun 2021 18:52
National Grid has awarded Linxon a compensator extension project at the Burwell 400 kV substation in United Kingdom. The upgraded station will provide network stability for the grid in line with the Net Zero and network security commitments undertaken by National Grid.
The Linxon scope consists of the design, supply, installation and commissioning of two new 225 MVAR Mechanically Switched Capacitors with dampening network (MSCs) bays inclusive of the associated civil works to extend the substation site. The MSCs contribute to network stability and fault prevention across the UK transmission network.
"We are proud to support National Grid in increasing UK transmission network stability as we embark upon the RIIO-T2 regulatory period and seek to effectively integrate large scale renewable generation." says Stefan Reisacher, Linxon interim CEO.
There could be significant travel disruption in Cambridgeshire today (Sunday, June 6) as a heavy load travels very slowly along some of the county's roads.
The massive electricity transformer is being brought to Cambridgeshire by road from Ipswich Docks, and is travelling along the A14 and the A142 amongst others in its journey to a National grid substation in Burwell.
The transformer left Ipswich Docks, Suffolk at 8am this morning, and had reached Needham Market, about on the A14 at around 12 miles away from its starting point at 11.30am.
The journey is expected to last a total of 10 hours with the transformer expected to arrive at Burwell at 6pm.
The transformer, which is more than eight metres long, four metres tall and five metres wide, will be delivered on a specialist vehicle with a police escort.
Centro likewise many years here too and experience of both examples you gave in the learning stages lol.
What I have learnt tho is that while we may not always see an obvious reason for big rises falls in the end there always is a reason even if it's on pure pump and dump or the other way round fear of missing out or actual meaningful news good or bad. In the end you ask yourself what is it really worth based on future value, how long before that value is achieved and are you day trading, swing trading or long term investor.
If you believe the q4 plans here then maybe you invest now long term as price should be higher when the real news lands in the meantime day or swing trading here will be looking for short term gains on boredom distressed selling which bounces then that inturn attracts more to follow only to find after a 10% bounce it's back to where it was or lower exactly what happened here yesterday today lol
If this were an oil or gas company mcap would probably be 15-20m based on we have nothing yet but exploring and fair chance of hitting something big short to mid term.
So when you see this at 40m mcap that's more like an oil company in production at 2-3000 bopd.
The 5p IPO price here is a significant base for sure so closer you get to that slightly more interesting it becomes risk v reward although nothing actually rules out this under IPO price lol
Having said all that I am still drawn to this for some reason perhaps it is just purely the price now v 20p plus IPO day excitement suggests current must be a bargain lol either way I will feel more comfortable risk reward sp closer to 7p and feel no rush or fomo in the meantime but seriously gla whatever happens ;)
No issues get quotes to buy high volume after yesterday's dead cat bounce lol but I won't because this will be under 8p soon. Mcap needs to fall below 40m then maybe bit more interest here. There is no rush to buy as nothing interesting to buy into yet, another few months maybe and by then closer to 7p then I am in ;)
YOLO waiting game here now as you are locked in at 22p I would not be selling those at such huge loss on principal and If I had bought at that price you either wait hold or average down which sounds like you have been doing so best put these in the draw forget and come back to a nice suprise Q4 21 hopefully ;)
R1 / HH hope I am wrong so no more pain for existing holders sitting on a loss and I am happy to watch it rise if I am wrong but I just don't feel comfortable to punt this at current mcap and sp given lack of meaningful info or any revenue coming short term. Possible they will need to raise more funds before revenues too.
I have been watching this since day one but personally can't justify signing up yet although not far off a point I would consider first batch around 7p but if that chance does not come wish you all a decent SP recovery eventually ;)
Re rate " in progress" not "coming" steady daily rises please 15% per day until mcap to at least 10m with even that low so should easy get there so that's 3.3p short term few days maybe couple weeks easy then 4.8p for 15m in few months add some decent news on top who knows but as link report suggests 18p maybe either way it's a complete no brainer to be building and holding here very happy to be on board GLA ;)
Looks like this will drift towards 5p IPO price soon especially meaningful progress or updates not due untill autumn oh dear .... Average down or try predict bottom which I suspect is probably 6-7p as around 35m mcap seems fair as things stand 42-43m mcap still high and there was a reason for 5p IPO perhaps that was and is fair value ?