Member Info for Latino

Here now…surely need to close before further damage!

Buyers moving in, ready for take off..!

News on the way perhaps?

Depend who you’re asking lol derampers will say finished / 1p etc. Holders/tampers will say otherwise. It’s your money so it’s best to do dyor!

Sustainable energy business SIMEC Atlantis Energy (SAE) has criticised a direction to transfer authority for the determination of its Uskmouth power station conversion project.

The business said it has been advised that the Welsh Government will now itself decide on the permit variation application for the conversion of the Uskmouth power station and has blocked the independent Natural Resources Wales (NRW) from making a determination.

According to SAE, NRW, which was leading the determination, had previously indicated that it was minded to award the variation to the existing permit, subject to conditions after a further round of public consultation, initially scheduled for September.

But following a "reported internal legal review" of this decision by NRW, SAE has been notified that NRW have been directed to refer the application to the Welsh Government.

SAE said the direction had been left to the very end of the NRW process and follows over a year of detailed information sharing between SAE and NRW, which included experts from across Wales, the UK, Europe, and Japan feeding in to demonstrate how the conversion meets all requirements set out by the relevant legislation.

In a statement, SAE said: "This further delay is a blow to South Wales and this vital green energy project at a time when the country is facing an energy crisis with intermittent renewables and a dependency on imported gas causing unsustainable price rises for homes and industries across the UK.

"The Welsh Government is putting at risk a project that will produce negative emissions, create hundreds of jobs in the Newport region, deliver hundreds of millions of pounds in investment and deliver the critical decarbonisation that industries in the region including steel and data centres require to make them sustainable.

"The conversion will be powered by fuel pellets that are derived from non-recyclable waste, destined for landfills and the oceans. A delay to this project will not reduce the production of this waste but instead result in the continued shipping of plastic waste to other countries for it to be burned or the digging of deeper holes in which it will be buried."

SAE added that it is seeking a variation to the permit sought to switch to a sustainable fuel source with significantly lower carbon emissions, and will utilise carbon capture and usage to sit alongside it to deliver negative emission electricity generation.

"SAE will consider all available legal options and will seek to ensure that the Welsh Government understands how critical this project is to South Wales, Newport, to key industries and the hundreds of employees whose jobs are at risk," the business added.
https://www.insidermedia.com/news/wales/simec-atlantis-energy-criticises-further-delay-on-conversion-decision

Does money involved and these firms have specialist guys working from them who are a lot of money. So it’s highly unlikely they would miss this and could be why their was a hugh discounted payment placing in the first place?

Think we will get clarification on this from Welsh gov shortly, as it can’t be that gov go against expert recommendation who themselves hired..does not make any sense. Won’t be surprised if there is more to this..or maybe they playing politics?

Don’t think the Welsh gov have any other option but to grant this, they have taken control from NWR who have already made the recommendation!

The global significance of this project was further underlined by the announcement of our partnership with Remediiate (UK) Ltd, an integrated sustainable developer of patented technologies that utilise waste gases to deliver high value algae products. This technology has the potential to make the Uskmouth conversion project carbon negative and creates a high value economic product.

SAE's development of the detailed engineering design, fuel specification and CO(2) removal solution for the conversion of coal-fired power plants to burn low carbon waste derived fuel pellets on a carbon negative basis provides a significant contribution to the world's journey to net zero. Utilising end-of-waste plastics in the fuel pellets provides an important solution to the plastic waste issue. We look forward to moving ahead with the Uskmouth project following the grant of the permit from NRW and further developing a pipeline of coal-fired generation conversion projects globally to meaningfully contribute to the global challenges of carbon emissions and waste plastic pollution.

No comparison, completely different issues from MTFB

lol

Loading up..!

Nope this is not standard wording…plz check!

Correct, many PIs don’t actually read RNS and follow the crowd lol

There is no rejection…jeez read RNS! Company given list of issues because they are just that! Otherwise why would they them a list it would be straight rejection!

Extract ‘.. The FDA has determined it is unable to approve the NDA in its present form and has provided a list of issues to be addressed by the Company. These issues are mostly technical or manufacturing-related in nature and centre around the Xenon hyperpolariser system. Polarean will work to address the issues identified by the FDA with a view to resubmitting the NDA and securing FDA approval as quickly as possible. Following resubmission of the NDA, it is expected that the FDA review period will take 2-6 month….’

Yep appears to be a minor issue with manufacturing. The technology has been in hospital used x 4 years. It’s safe so as many time market overreacting again!

Open tomorrow north

Interesting to see where this goes, there has been some steady buying all morning..

It looks like it’s soon going to head north, MMs flushing out the weak / day traders?

Reasonable chance of RI is most likely below the Sp now, going of previous RI on the market. 10p is wishful thinking but I hope for PIs sake it is. But hold your breath on it!