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Hi adoubleuk. Check this morning's RNS, essentially first power is being exported from the turbines, so in principle they have started selling product for the first time this morning.

ARL twitter account shows new turbines being loaded onto the installation vessel this afternoon.

Everyone has an incentive, longs go long, shorts go short. Paul is just part of the sharepuppy brigade, who essentially are high net worth investors, banking executives and loan sharks in suits. Do you think that group are going to be particularly fond of a fintech that threatens their highly profitable banking FX conversion and business loans?

The bank diligence is just slow and steady, it doesn't happen overnight especially if there are existing customers and legal obligations to follow. It seems the ownership documents have been transferred, but the final terms not completed, whether that's lawyers or regulators, it's difficult to say.

Awesome, so our Tungsten Early Payment revenue will go from £14k, to £28k per year, while our banking partner takes nearly a million quid. I really hope we have better terms now than the historic EP terms.

Are the Americans going to pile in now? http://www.bloomberg.com/news/articles/2016-10-26/turbines-from-outer-space-lift-lockheed-into-new-energy-frontier Says next project phase installs in Mid November.

Looks like all 4 turbines will be installed imminently, twitter feed shows another two foundations ready to go (basically winched slowly into water). They had said best case was power to grid late October, I think it's wise to assume mid November just to be conservative, but all signs are good. Phase 1a always assumed 4 turbines. Very happy for them.

Have they changed their pricing strategy for Tungsten network finance yet? Because reading recent accounts, it seems like they aren't getting much of a commission on it so far. Of course if this scales nobody will complain, but on the face of it £14k is not a large commission fee, and will take £20bn annual financing to make a solid profit.

https://twitter.com/atlantisresplc/status/788691137678741504 Looks like the 2nd turbine is getting ready to deploy, hopefully that means the first is hooked up and ready to go. First sold power within 2-3 weeks?

Interesting, I looked at the Tungsten currency transfer deal with Payoneer, it states there are no fees/commission whatsoever for currency exchange, very useful

Yes, there was an RNS out about this, they had to pay the bill by the 12th, so they did, a few journos picked up on it and announced it early.

Ignore me, apparently payoneer charge about £2 per currency transaction assuming values over $10k per month.

With half the ftse/us market companies signed up, some will need invoice financing, others will need currency exchanges at lower rates than the banks, and does anyone know how the payoneer system works? Is it p2p or invoice based?

Late October / early Nov for power generation and sale

Anyone know what the deal is with the financial FX change new feature? Seems like a neat side business, but proof will be in whether it is a) useful, b) has good rates, and c) Tung make money from it

I tried some calculations of the SP on a per-MW installed basis of a successful Atlantis project. The energy prices are a bit tricky to estimate. Fag packet maths .. anyone care to modify my estimates? 50MW - 50p (35 turbines) 200MW - £2 (135 turbines) 1000MW - £10 (670 turbines)

http://www.bbc.co.uk/news/uk-scotland-highlands-islands-37321639 First Minister Nicola Sturgeon is to formally unveil a tidal turbine that is to be deployed in the Inner Sound of the Pentland Firth. The device is the first of four to be completed at the Nigg Energy Park in the Highlands for Atlantis Resources's MeyGen project. The project is said to be the world's first large-scale tidal energy farm. The Scottish government has provided £23m of funding to help develop the tidal stream farm. Atlantis hopes to eventually expand the project to up to 269 turbines, with completed turbines being transported north by sea from the Nigg Energy Park on the Cromarty Firth to the tidal stream farm site in the Inner Sound of the Pentland Firth, which separates the north Caithness coast and Orkney.

https://www.ft.com/content/d197308a-7826-11e6-97ae-647294649b28 If all goes well, they will be sending electricity within weeks to a new power conversion unit on the shore of the Pentland Firth at Ness of Quoys from where it can be sold to the grid. “It is possible to consider the first sparks will come in late October,” Mr Cornelius said, adding that a second batch of 4 turbines will follow immediately. The second stage will much cheaper and will require less public investment and the third should need none at all, according to Atlantis, which in April announced a deal with Equitix under which the infrastructure investor plans to put more than £100m into Scottish tidal power over the next two years. .. Australia-based Atlantis, which is listed on the London’s Stock Exchange’s Aim market, plans to spend nearly £500m in tidal power in Scotland over the next two years.

When we say unveiling, do they mean 'we show the public', or that the turbines will be grid connected and providing power?

Hello?