Member Info for mister_tidal

I would be surprised if they wenr down after receiving the CfD. Except for the debt of course which is a thorn, two thorns, in each eye.

That being said, it's pretty obvious that "the market" isn't convinced. If we can even call this a market..

I'm not here to constantly paint the devil on the wall or to repeat myself constantly. I think we all know that SAE needs to build up investors confidence and to move into the spotlight for their market valuation to recover.

Insiders would know best whether or not to invest. I can't see myself growing out of concerns given thee fact that they don't. Why would you not shares if you knew there's a future?

SAE simply continuing as business is one thing. Are they going to be an investment with positive returns? Ever? That's a completely different question.

Insiders might not but because they know: more dilution, more debt and even more uncertainties. CfD could be turned off tomorrow etc.

You get my point.

I can share the frustration and parts of the anger but remember: nobody forced you to invest. Calling SAE a fraud is a stretch, despite the mistake that have been made. They did deliver on their end. Politics let them down on theirs.

SAE isn't to blame for all of this alone.

As such.. you invested ok you own terms. Maye you weren't aware of all the risk that were (or are) at play here. Therefore, I hope your willing to take your own part of the blame as well into consideration.

It's possible that maintenance was about to take place or that they intend to retrofit this one as well so they timed everything to safe cost on the vessel.

I'd prefer an update from the company over this guessing game though.

Let's give them a few more days.

It looks like SAE took one turbine out of the water after deploying one.

Picture is here https://www.reddit.com/r/SimecAtlantisEnergy/comments/14im527/vessel_siem_day_on_25062023_carrying_turbine_4/jprwmcj?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Agree. That Kind of news doesn't shake me at all (anymore).

Turbine #4 seems to be deployed now.

Turbine is gone

https://www.reddit.com/r/SimecAtlantisEnergy/comments/14im527/vessel_siem_day_on_25062023_carrying_turbine_4/jpqzoht?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

New image from our friend.

Turbine is still on board.

https://www.reddit.com/r/SimecAtlantisEnergy/comments/14im527/vessel_siem_day_on_25062023_carrying_turbine_4/jpoxw0s?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Crane is up:

https://www.reddit.com/r/SimecAtlantisEnergy/comments/14im527/vessel_siem_day_on_25062023_carrying_turbine_4/jpmzoo3?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

According to my friend, the vessel is still there with the turbine on board.

Not sure what's going on. Wet mate was supposed to be a 30 minutes endeavor.

You're welcome.

I'd be surprised if we didn't get an update in the coming week. Why would they not publish some good news they desperately need..

Https://www.reddit.com/r/SimecAtlantisEnergy/comments/14im527/vessel_siem_day_on_25062023_carrying_turbine_4

It's good news, sure. Next time, I hope, we get significant news I hope.

1) financial plan for AR5

2) award from AR6 announced soon and

3) insiders buying stock to signal the bare minimum of confidence

I received an image of the vessel taken from a binocular. It's a bit blurry but it appears that there is a turbine ok board.

I hope it's the 4th turbine.

In two weeks we might hear something from BEIS regarding CfD AR6. The shortest timeline says that 4th to 5th of July participants will be notified of the outcome.

I don't know if we're on track though.

We've had these in the past already. News like this are not making SAE worth more. They now have more debt to pay and that's it for now.

Not even the CfD win convinced anybody even though this should be insane news. From 6MW to 34MW and no one bets an eye.

Just for comparison.

But I get it. Directors don't own the company. The administrate it. It's in public money supply which makes it almost a public institution.

I worked at a place similar to this. Although it wasn't a stock company that was able to offer any equity. But the thing was that there wasn't any sense if ownership and appropriate leadership.

I'm not saying this is what happens at SAE but it might. We don't know. Nobody knows anything which is why Nobody is going to invest in this company.

Again.. the CfD contract did NOTHING to the valuation of the company.

They make subsidiaries for things. Eg uskmouth related entities are one, so is MeyGen AFAIK.

Don't quote me on it but its just how SAE is structured. There's a website.. a registry for companies in the UK where you can read up. Who is CEO and who are the directors, subsidiaries and what not. Public record

A 4th turbine is all nice and stuff

But what I need is a plan for the 28 MW for AR5 and positive newson 4th of July for another contract from AR6 where SAE bags the same portion than last year. That should be another 14 MW..

Don't forget that this company won't turn in a profit for years, maybe even a decade.

One turbine.. one thay sits on dry land for a year.

Worrying.

Wouldn't buy before any directors own a meaningful amount of shares.

£ 163.7m per year if the entire 400 MW were deployed.. dream big.

So.. that's £34.1k per month per MW deployed.

34.1 * 28 = £ 954.8k per month for phase 2

34.1 * 6 = £ 204.6k for phase 1

£ 1,159.4k or £ 1.16m per month. Thats £ 13.91m per year of revenue for the total of 34 MW deployed.

iirc I started computing this stuff based on the revenue numbers provided by SAE and the GWh produced in that particular year were all 4 turbines were running basically the entire year.