Member Info for Mkx007

Quite interesting!

Wonder what they've contracted at - Ben Guest says it's ex-CM and the toll levels were around the £30-40k/MW/yr level. June revenues came in above this so it's locked in revenue but may have locked in a hedge and the lowest level...

You'd take a punt on what? Have you looked into the fundamentals of the company? There's no evidence of any revenue being generated. Only fundraises.

The prospects rely on any of the projects becoming successful and without additional funds they can't proceed. So forgive me (and others) for not throwing more money into this hole. I'm sure a lot of us will be supportive once there is something to support.

Lol - some absolutely wild posts on here!! There's no chance "news" is imminent on a Friday. There is a greater chance at another raise for another fruitless project...at this point most of the original holders from nearly 6 years ago are so far down it just doesn't make sense anymore. I'm one of the smaller players but i'm still nearly 5 grand down.

Only problem is we've heard "game changer" before - until there is an appropriate valuation of any of the assets...there's nothing but hot air here - I've been holding since 2018 so less than impressed so far.

Apart from the big question - what price is the toll at?

Most price points were coming in at £30-40/MW for 1-hour and £50-60 for 2-hour. Most of the fleet is in the 1-1.5 hrs range, chances are this isn't going to be that beneficial it will just be keeping things ticking over for the next couple of years.

Day traders having their fun and running away

Unlikely that's coming back anytime soon unless there is a significant shift in UK revenues. Currently (according to BessAnalytics) they're sat at £39k/MW annually up to £54k/MW with the CM contracts. Way down from last year

True but like with any "product" there needs to be that time in the middle otherwise things go wrong. Take an oil rig for example, once it's in place (energised) it's not producing that instant as tests/checks need to be performed so that it can stay there for years.

You can minimise it but anything that shows up in the checks needs to be fixed and therefore will present as delays - most likely the company has an arrangement with the EPC to cover damages as it's not in their interest to have an asset down either.

What planet are you on with a comment like that?? Renewable energy is the cheapest generation source out of all of them. No new nuclear plants have been made cheaply this century with the exception of the state funded ones in France and even then they were over budget. Fossil fuel - coal is being decommissioned globally and the global supply chain for gas has seen significant disruption.

Now if you were to comment on the battery element of this then fair as it's simply just a vague add on, something I'm personally not impressed with and they could easily partner with something to assist with the correct sizing - hell I'd do it for them

Didn't PRIM have a holding here or has that been sold...?

About right for a 1 hour. There are many variables, and you get economies of scale too so 5 mw will cost more than a 50 mw on a £/mw basis. 2hrs is close to £750k/mw but both are coming down with prices of battery cells dropping quickly

Would depend on the duration...

Even when something has gone up nearly 40% you look at in and then wonder where there is anything else in the background as realistically it's value is significantly higher...very odd!

That funding can come from Oracle Energy though right? a vehicle that's completely owned by us in order to prevent dilution.

Here's a 1.5p dividend, but you'll sacrifice 1p in for the privilege

No, not without another raise

Maybe that's the nudge we need...

There was quite a large bounce off 53k for BTC - I think around 2.6bn shorts would have been liquidated above that level so naturally acted as a ceiling. Still plenty of time to go until the halving

If you look at the holdings dates: The website is 31st Jan 2024, HL has correct of 31st May 2023...very much out of the loop by the sounds of things!

I do wonder what she was actually doing over there as well. Staying on as a consultant...errm ok?