RE: Contracts for Difference (CfD)17 Oct 2022 20:25
I've been reading the discussions between mister tidal, strangy and tidal lover...
I can only agree 100% with what mister tidal and strangy have been saying. SAE and destroyed the valuation of this business, but unfortunately it all started with the gupta ordeal a few years ago and spiralled out of control ending in uskmouth not going to planned route.
I have money here which in my opinion I doubt I will get back so it has been bottom drawer for a long time with one eye on this hoping for a miracle. The last few months have opened the door back up, but as has been discussed the debt will only be offset with whatever they can get back from uskmouth now. Hopefully they can secure some renewables and further BESS at the site.
The 3 turbines are not going to cut it here.
Tidal lover you've only been here 5 mins and haven't got a clue wtf your talking about. The only thing your have going for yourself is buying at a low SP. Good for you, you will hopefully get out earlier than others (myself included with a higher average). Strangy has been posting a lot longer than you have and backs the point up that you have no idea of the history of SAE.
Currently they need to secure this money from the BESS project and maximise everything they can from the uskmouth site.