Member Info for mister_tidal

One positive update from SAE stating the next phase is on track and that they see a road towards lowering the price of energy created could send this stock to mount everest. That's not the moon but I wouldn't be sad nonetheless.

You're welcome :)

I think we may be confident that SAE can secure another contract this year given the fenced budget.

It would still be interesting what it would take to get the MWh price tag down again. It was around £175/MWh and according to the CATAPULT report, sub £100/MWh is possible at 1GW deployed. That's quiete a lot. Hence, I wonder, what is the missing piece here? What keeps the UK away from investing more?

If MeyGen wasn't able to convince policy makers so far, we must hope that the next phase can but will SAE/Proteus be able to do this with the CfD money they allocated so far?

I wish we got more guidance and information here..

"The Pot 2 budget of £105m includes an £8m monetary maximum for geothermal and ringfenced support (a monetary minimum) of £10m for tidal stream projects."

Wish this budget was larger though. I still don't get these half measures.

We need to see cost coming down but how if they hesitate with more significant monetary support?

Over £1b https://www.cfdallocationround.uk/news/ar6-budget-government-gives-major-backing-renewables-sector

Japan gets mentioned too. It's unfortunate that all this is taking forever as large investments dedicated to bring cost down never came. While the good news is that the Goto project gets expanded, it's not a significant capacity either.

Nobody here really cares about 1p or 2p.. we're in the 10p to 20p business

🤣😅

Size doesn't matter. Proximity does. And mass of course.

Sent by a friend living nearby

https://www.reddit.com/r/SimecAtlantisEnergy/s/mfWyxxP10e

Thank you 🙂 I posted it there 👍

400k are peanuts though 😅

Thank you, Timaeus!

May I or do you want to post this in the sub reddit r/SimecAtlantisEnergy?

SAE is surely not a stock that moves with the market.

I stick to the view that nobody is really watching this stock right now until they can either get their head above the water with anything not related to tidal stream energy, or, and that depends on governmental funding, with MryGen and the 21% they own at Proteus.

If the UK decided to throw in a lot more funding to get the price of tidal down by investing in supply chains and mass productions of turbines, SAE would probably sky rocket.

If this never happens, neither through governmental money nor private money which is unlikely atm anyways, then say bye to you investment.

That being said: until there's actual news that'll promise revenue s.t. SAE is able to survive, pay back debt and develop new projects, there's literally no reason to complain continuously because none of the fundamentals have substantially changed recently.

Wait another year.

I understand. It's certainly in the category of positive news. 🙂

Thanks, OT!

Can you elaborate what that means? £50m sounds like a lot. How does SAE benefit here?

😅

.. when it's quiet and no wind is blowing. Only the moon shines on me as I open the app on my phone where I can track the current energy consumption of our house. In the darkness I look at some text on the phone saying "0 Watts", the energy produced by our photovoltaic installation on the roof right now and wonder.. wouldn't it be nice if we had something that could charge this expensive battery in my basement. I wish I had a tidal stream turbine.

No, I'm not drunk. Just bored. Good night guys.

I stick to my assumption that, comparatively speaking, nobody is trading this stock. Whenever I see day traders in here it kinde feels like I'm staring at that one guy at the train station that is talking to himself.

This stock is flying under the radar. Not because it's a hidden gem but because it's a struggling company. Maybe, just maybe it will turn around but as for now.. nobody, and by that I mean high volume long term investors and not some pocket change traders (no offense), is looking at this stock.

It's just us long term holders who where something enough to not get out and a few daytraders.

Just to clarify: not complaining about day traders.. but I'm just pretty sure that there's just nit enough eyes ok this stock to really talk on that level.

And it'll be more soon!

Don't wanna give any advice except the obvious one: don't risk what you are not willing to lose.

But let's see. Chances are good for you to see some green this year. 🤞

10 years in and your average is 2.47? That's commitment. I entered much later and my average is around 4.5p iirc. I just don't dare to invest more at this point. Then again.. maybe now is the best time..