Member Info for Crudeoink

With any luck this ASX listing will see the end of some of this daftness from AIM. 38p is pretty much pre-rns pricing, does the 'lack of' information in a presentation really carry more weight than the stellar RNS ?

Now in the 62's !

We might actually go red lol

Currently at 68p. Why are people selling at that price ? Crazy !

You guys are hilarious. Chill, its nearly the weekend

I used to frequent these boards quite a bit but took a step back and sold a decent chunk when it all started to get a bit nasty and sour, it seems some of that is still about sadly. I saw the news this morning and thought of some of the 'old guard' that were laughed at when they mused £5, £7 even £10. Look where it is today. Thanks to those lot calming the nerves and a few trades along the way I finally (few months ago) managed to get myself the dream Porsche 930 (with an initial investment about 986 boxster size!). Nettles, Svend, Peak, Cev, thanks for the debates along the way, ever find yourself Oxford way theres a beer and a drive in a classic 911 waiting

part of my investing routine is keeping on top of bb's such as this, general investing groups etc. i do this as historically, good intelligent discussions has brought about differing view points and research / insight i would not have otherwise gained. unfortunately this board has descended into discussions about racial purity, mud slinging and general bile. i sold my modest holding this morning (just over 10,000 shares) to engage in other opportunities (one including an aircooled 911, finally). i just dont feel i can really track whats going with the share news while having to wade through all this other crap.

final thanks to svend and nettles: without you two i'd have sold my holding long ago and wouldn't be able to realise the air cooled dream. fwiw i do think rr will get the smr contract (see my musings about fuel and tech yesterday) and as such there is more growth to come, but i can't be ****d with keeping my ear to the ground on this board any longer.

Dusty,

I think they will generally continue to allign with GE Hitachi, they technology seems to have a lot of overlap and it would make sense to bring the expertise together especially when developing a new technology in the tightest regulated sectors in the world, better to have a slice of a pie than noe pie at all. For UK deployment it seems too coincidental that the UK decided to invest in HALEU production in the UK for there to be no HALEU powered reactors in the UK. I still think that these reactors will be awarded less orders and the delivery will be pushed back for delivery after the RR / Triso reactors are built / in build.

Fordm,

I generally agree with the sentiment, UK Gov seems to amaze us time after time with their ability to hobble UK innovation and make a pigs ear at every opportunity. Anyone remember TSR2? Although the body responsible for making the final decision is 'at-arms-length' which, in theory, should detach the decision from external political influences. But I not naive enough to think that politics wont play a part. Although I think that works in our favour, especially with the tango tariff trantrums of late. The goverment needs a good new story and giving jobs, energy security and investment to the USA would not go down well. I do think the RR solution is the best fit for the UK, poses the least risk and would be the cheapest (Think of the money the goverment will get back in taxes from RR, RR workforce, Tier 1 suppliers etc). This is ultimately why I am bullish long term in the SMR race with regards to RR!

Terrapower may well get given the green light to build a reactor in the UK but I dont think it will be included in this part of the process. Giving a company the ability to join at the 11th hour, fast track all the of the previous process and gateways would undermine any future programmes of this type in the UK.

Terrapower are building a reactor in Wyoming with a target to be up and running by 2030. I'd imagine the Gov will see how that goes before allowing them to build in the UK (IMO), especially as the design uses the less proven HALEU fuel and Natrium cooling. While the Natrium salt cooling can provide higher efficiency and energy storage for peak demand is has drawbacks:

The use of Sodium as a coolant and Molten salts as an energy store add complexity to the design, there is less experience of operating and maintaining such systems in the UK.

Usually id say follow the money but this time I'd say follow the fuel. SMR's like the GE Hitachi and Terrapower design utilise HALEU fuel (High-Assay Low-Enriched Uranium). This fuel is not currently commerically available and is typically only available from Russia. That said the UK Goverment have invested £300M to bring production of this fuel to the UK: https://www.gov.uk/government/news/uk-invests-in-high-tech-nuclear-fuel-to-push-putin-out-of-global-energy-market

HALEU fuelled reactors are a more modern but less proven design. There is also the issue of the profileration with HALEU fuelled reactors (The U-235 could be enriched to make weapons), which I feel would restrict the sale of SMR's using this fuel to certain nations.

By contrast the RR design uses TRISO fuel, with a more proven design and track record. TRISO Fuel cannot be enriched like the HALEU fuel can and therefore poses less of a risk if a RR SMR was deployed in a country with possible ambitions to build weapons. There was talk a while back of Westinghouse bringing TRISO Fuel production to the UK as at the moment only the USA and China (iirc) produce the fuel with Canada and France developing their own production.

Given the above, the politics of where the companies are based and the public sentiment towards EDF's budget and timeline stretches for their reactors my gut feeling is the Goverment will award the lions share of the UK SMR fleet to TRISO reactor design, the 'safe bet' home grown jobs, a proven design and an already well established fuel productions supply chain, with a smaller (30% perhaps) being awarded to a HALEU type reactor to be built and developed with a longer time scale to allow for the technology and supply chain to mature while the project continues into the late 2030's

Looks to be a day of red, at least from the starting gun. Will have to check back at 230 to see what the Americans do

Closed at 726.8, up 1.51% according to my screen. Not a bad day all things considered, only a few hours ago it was looking like it might do a BAE and go red. Lets see what tomorrow and friday bring. In the mean-time im off for a dog walk before the heavens open !

FTSE is the poorest performing index on my board today. BAE is down 3% and at time of writing RR only 0.65% up today. Shame as it started so well!

It's weird, most of the FTSE is up but BAE is down 2.6%

Lots of sells this morning! I was expecting a stronger open but were only a few pence off dipping below yesterday's closing price! Wild! Hopefully we'll see greener pastures late morning and come the US opening up

Because investors are a jittery bunch. Just look at the UK markets this morning, half of it's in the red for some reason lol

I'll ake that even if it is a pittance. I was expecting a much worse day after watching the US Futures markets and RYCEY performance. We did dip into the 6's JUST but it came back OK in the end. Hopefully we see slow and steady climb again this week

Trello,

Great post. I'll admit these sorts of tenders and plans are outside of my sphere of knowledge so thank you for explaining. its good to have these sorts of posts on the forum to help drown out the noise from the few that are doing their best to drag the forum down the drain.

It's really hard to say without knowing the ins and outs of the agreement. Would a SMR manufacturer also be the operator? Who pays for the ground work? On the two ends of the scale you've got one scenario where RR builds an SMR and sells it to the operator (UK Gov) or the other where they build everything and make their money back from selling kWh to the grid

Agreed Badland, hindsight is always 20/20 though. With the current trajectory of RYCEY I think it could be as bad as 5% drop by end of trading today so expect RR to be opening well below £7 in the morning. The GBP/USD will be playing into the price a tad but won't account for all of it.

I do think we'll be doing better in a month or so but the coming week will be a bit of a naff one IMO, that said, with SMR news and a trade deal news we could well recover to 7.30 range

In amongst the bickering on here RYCEY is currently 16¢ down on open. We could see another dip below £7 and a little foray into the 6's again. Disappointing as there seems to be a bit of negativity around RR at the moment. I'm reading people on other platforms worried about Bill Gates' involvement in the UK SMR race, thinking RR supplies engines for Boeing narrow bodies and a bit of general misinformed hysteria. Fingers crossed some of this can be quelled in the upcoming AGM or we could see a slide deeper into the 6's