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Atlantis Resources ‏@atlantisresplc 4h ago Successfully deployed in under 30 mins by JFMS and Atlantis using the Olympic Ares #MeyGen #Atlantis 4th turbine connected and another 4 to come this year

I'm not a lawyer and I really can't approve you making investment decisions on my advice, but in a nutshell: http://atalayamining.com/wp-content/uploads/2015/11/Receipt-of-Claim-from-Astor-Management-AG-02.11.15.pdf Basically ATYM bought something, and under the terms of the agreement it needed to make a payment based on satisfaction of all 3: a) Mine approvals received b) Mine secures senior debt financing ATYM eventually did not secure senior debt financing, but used other methods of finance instead. So this becomes an argument over whether the literal terms of the above requirements are met, or whether getting other types of finance satisfied the criteria, or Astor may claim they were misled. Who knows. So yeah, if I promise you I'll give you £10 when I next drink a glass of chilled wine, can you sue me for £10 if I drink non-chilled wine instead? ;)

"Workers at BHP Billiton's Escondida copper mine in Chile, the world's largest, walked off the job on Thursday in a strike that threatens to disrupt the international supply of the widely used metal. It said no miners arrived for morning work aboard buses that normally carry upwards of 1,200 workers per shift to the vast deposit, which accounted for about 6 percent of global production in 2015."

73p??

Offshore wind is cheaper than you think and headed much cheaper. It has been cutting costs by 10-12% for 4-5 years now. The last round of offshore wind in the UK was about £110/MWh, the most recent tenders in Europe have dropped to sub £70/MWh. While the next generation of offshore wind is going to be enormous - have you seen the size of the new developments? Have a look at http://www.4coffshore.com/offshorewind/ those square boxes out at sea in the UK (a landmass similar in size to Wales) is up for about 20GW of total capacity. The UK will be a leader in offshore wind for 2 reasons, a) NIMBYs preventing work onshore (christ they're upset enough about turbines 30 miles off the coast), and b) the majority of the water between UK and Europe is shallow-ish (below 35m deep). Off the coast of France for example, the ocean becomes very steep, very quickly, and thus is why the French are focussing on floating technology. Floating is a relative newcomer that has some attached risks (some early design were essentially crap and just sank). I do not know where it is going - but the idea of towing along a mobile turbine to anywhere you like is attractive (if only because planning regs are much less strict if you can remove the structure whenever you like).

Decent director share purchase there

Floating wind, tidal, lagoons...? Not entirely sure how the finance is derived in this case, it seems to be complementary services to tidal, which could be a very good thing.

Oh, PS apparently that link suggests they have connected the 2nd turbine to the grid and the other two will follow.

Dinoken, depends, it is probably (rightly) referring to the general hiatus in funding onshore wind (I think that's virtually stopped now), offshore wind is highly subsidised but is rapidly coming down in cost (by about 10-20% a year over the last few years), and even solar is rapidly reducing in price and they are reducing those subsidies over time. Tidal is new and developing and has only recently just had a ~£18m subsidy to build the next phase of its tidal lagoon, in March 2017 the next CFD renewable subsidies are up for tender and Meygen may get a part of this pie - difficult to comment on that though, however they are well backed by government, tech (Lockheed) and finance partners. I'd love to see the full 400MW turbine array completed, but it will take time and they do need to take babysteps to ensure the technology is sound and long lasting. No point putting a fleet of rusty metal at the bottom of the ocean for 8 months! http://www.4coffshore.com/windfarms/second-turbine-in-place-at-meygen-nid5208.html

Isolated - I do like it when "public / private UK governments" claim it is of pivotal importance that one of my shares is successful! It will be a bit of a slog....but the infrastructure is there now, so I suppose figuring out the quirks of new technology and data capture is necessary, then in 5-10 years the price can go crazy.

The regulations look positive for Tungsten over the next 12-18 months, can't comment on the invoice financing side of the business, but eInvoicing is a hot topic. Central governments and the NHS will have a mandatory requirement to support eInvoicing by Nov 18, and since they change processes at a glacial speed they will probably be looking at the processes through 2017.

http://www.rechargenews.com/technology/1207175/uk-should-back-in-stream-tidal-to-go-commercial-eti

Well, if China do announced they're building £300bn of new renewable energy, it's likely this would trigger long term high demand for copper. Assuming that's the sentiment the market is picking up on? Would also explain why China were stockpiling at the end of last year?

http://www.imeche.org/news/news-article/meygen-tidal-stream-project-receives-14m-for-next-construction-phase Looks like another 6MW will be installed in the new project 1b stage

Siemens are one of my real world customers, they use Tungsten, to some extent.

Bit quiet!

Does it look like 3 or all 4 turbines are in place now? I see 3-4 distinct turbine installation dates being updated on the company twitter account, so they may even have all 6MW connected. They'll need 50-100MW minimum connected to make a dent in the market, but a 400MW would be excellent. Then we can start building all those 1-2GW of theoretical tidal arrays we have in the maybe maybe pipelines!

Editad positive and getting better - the new copper pricing will make a fabulous q4 !!!! Roll on £2+

No problem, the information longer term holders can provide in 60 seconds will save you hours of research. The turbine installation made national news in the media here, as the leader of Scottish Parliament 'cut the ribbon' in the opening ceremony. http://www.bbc.co.uk/news/uk-scotland-highlands-islands-37321639 (BBC being the main news channel here in the UK). The best place to get information recently has been the company twitter account, very active on a weekly basis showing photos and live updates. The other turbines will be installed this year I think. The next big date on the timeline appears to be the April 2017, as the next CFD auction takes place, Tidal has a nice opening CFD price of £300MW/hour, but I don't know how much of the £290m budget could go to Atlantis. I also kinda hope they'll install a moderate number of turbines in 2017/2018, but i don't know the exact timeline.

Hope they're not triggering anyone's stop losses ( ! )