Member Info for mister_tidal

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Don't want to jinx it but it should be a nobrainer. Would anybody even get anything if the company goes bust? There's not a lot to get at this point but if BESS and CfDs succeed, there will be revenue.

Good point.

We should hear from Proteus a little more. Not sure if SAE has access to information and is allowed to publish anything relevant to the market.

BESS + tidal does sound interesting as the energy produced at night can be stored for the next day on which the sun isn't shining and the wind not blowing. Tidal has got your back there.

The next best thing might be hydrogen production but perhaps that's a whole different story.

While this sounds terrifying, it's also absolutely terrifying.

But jokes set aside, as bad as it sounds, it's probably some partial if not the explanation for why the stock does not really move.

That being said.. it might be fair to assume that, should the company survive the vote on the 22nd of December this year, things could change.

I'll admit that these interest rates are worrying at best but what comforts me a tiny bit at this point is the fact that we have seen some good will from a director buying a year's salary in stock and that the C-suite does have long term incentives in form of options.

Based on that we may assume that they're working to the best of their abilities and to be fair, tidal stream energy didn't by far receive the governmental support it should have in the last decade whereas we're heading to 50MW right now.

Well, if we're all happy then I guess I shall be happy too. 😅

Let's see if this marks some turning point for their market capitalization and that it improves their long term perspective. Really looking forward to their announcement for the implementation of their first CfD and let's keep our fingers crossed for another ring fenced budget in AR6!

Btw.. does this mean that the total value of Uskmouth should be around

1000 MW * (£20m /230 MW) = £87m

This would mean that, at least on theory, SAE could be debt free, run with less operation costs, still for a few millions on the side on top of MeyGen revenue plus two CfD contracts...?

Does this armchair analysis come close to reality?

Okay, I understand. Thank you for the clarification.

So, while it's not the best thing in the world, we can still be happy that there have been assets which SAE has access to while working on MeyGen. If SAE gets in total £20m, whether that's too cheap or not, that's (almost) half of their total debt. Assuming they get another £20m for another 230MW, that would eliminate £40m in debt leaving them with just £13m of debt which would look a lot healthier. Of course, this assumes that they can or want to use the money to pay off debt which I can't tell at this point.

In any case, viewing it like this puts things into perspective so I guess we may indeed see this RNS as very positive at this point in time.

Hello OT!

I think it's a language barrier for me here 😅

So, they get £10m now and another £10m over the next 30 years? There's some phrases I find hard to translate unfortunately

That's all I can see.

So, can anybody explain in detail why we are happy about a struggling company that sells its assets?

Yes, we had insider buying stock but why exactly is still not obvious to me.

Getting some money short term is great and much needed but what's the long term plan now?

Develop MeyGen which can certainly make use of this money but will anything be left given the companies debt situation?

Where are the analysts when you need them?

Can somebody elaborate? They sold some land? Is that it or is there more? Not sure if I understand the implications or the significance here.

It's old, but this is also a very nice video about tidal energy which features SAE as well.

https://m.youtube.com/watch?v=CIYA6Jwwp4s&pp=ygUdcmVhbCBlbmdpbmVlcmluZyB0aWRhbCBlbmVyZ3k%3D

You know what how it goes.. only once the last rope snapped I'll hang myself..

Always waiting for the "Ah, that's why Duncan bought in"-realization. Is that it?

Duncan buying was a positive sign. Let's hope there will be more purchases near term accompanied by some positive news.

Is it possible that these bonds were just not bought by anyone? Pulling them off the market would increase the share price as less convertible bonds mean less floating shares available. Not that this changes anything fundamental for the company but having a low share price like this does not really stir up confidence or trust. Not saying a reverse split is a good idea but at some point.. 1GBX is just .. not good

It does count but certainly not much given their debt-to-equity is still 52/10 .. long way to go. A company that isn't profitable for years is hard to sell. Especially if that profitability is a very, very huge questionmark still.

Anything that can create a hype around tidal is welcome. SAE needs money and their current SP isn't particularly well suited for raising it..

Maybe Duncan Stuart Black is onto something? #InsiderTrading

* meant today "beyond 1GW" that is 1,000 MW of course..

Best thing that may happen is the UK government decides to take tidal seriously. Should something like this ever happen, then I see the stock go to the moon given SAE still has 20% in Proteus. But it's a big if as it can only happen if we see a commitment to deploy deployments beyond 1,000 GW.