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Interesting times over here at Tung, you almost get the feeling the market is starting to feel more positive about TUNG? Has there been any interesting newsflow?

Tidal has the advantage that moving water has a 800x higher density (therefore power) than air.

September 1st Atlantis Resources @atlantisresplc 2h2 hours ago #AR1500 turbine en route to the #MeyGen project Atlantis Resources @atlantisresplc Aug 2 World Exclusive: Fully assembled #MeyGen turbine to be unveiled at 1st Sept event. Let the countdown begin! #tidal

Wind, while variable, is quite forecastable several hours in advance. It seems there are a new generation of pumped storage hydro being built to accommodate welsh and Scottish wind farms - that really is the holy grail, and if they can provide households with smart appliances that can switch off during energy peaks the uk will be self sufficient for energy by 2030.

is the grand PR unveiling... of something anyway. Hopefully grid connection of the first turbine, apparently 4 are ordered for this phase and are separately wired into the substation, for 4-6MW of grid connection.

Look at the April 7th update from Equitix @ http://www.equitix.co.uk/news.php I'd say the tone was rather bullish, what do you reckon?

Nice added section there about MeyGen and Equitix showing future planning investment [Investors have been showing more interest in the potential of tidal power recently. Equitix, the infrastructure investor, said in April that it planned to plough more than £100m into Scottish tidal power over the coming two years in partnership with Atlantis, the company developing the MeyGen scheme.]

https://www.ft.com/content/ac6b88a6-6a16-11e6-ae5b-a7cc5dd5a28c Offshore UK wind farms hit by subsidy deal delay. Auction will not happen until early next year [2017]. ..... Companies such as Denmark’s Dong Energy, developer of the world’s largest offshore wind farm, have been expected to bid in the new auction, which is also likely to be open to some other renewable energy technologies, such as wave and tidal power. Tidal power you say? Well that's nicely timed for companies with pre-existing tidal infrastructure about to connect to the grid.... there aren't many sites around the UK, although it may face competition from the Swansea bay lagoon/its future iterations. ARL would have a solid headstart though perhaps since all they have to do now is build the turbines, drop them in the sea and connect them (as opposed to years of planning permission bureaucracy getting the big tidal stuff going).

Dog878 - The ARL twitter account has been fairly active recently. https://twitter.com/atlantisresplc Atlantis Resources ‏@atlantisresplc Aug 15 Final assembly of an AR1500 turbine destined for the MeyGen project. This is getting exciting #Atlantis #tidalpower Atlantis Resources ‏@atlantisresplc Aug 5 The world exclusive unveiling of the MeyGen #tidal turbines - 28 days and counting! #tidalpower #Atlantis #MeyGen. Atlantis Resources ‏@atlantisresplc Aug 2 World Exclusive: Fully assembled #MeyGen turbine to be unveiled at 1st Sept event. Let the countdown begin! #tidal

Apparently there's a grand unveiling on September 1st to launch the first tidal turbine. Explains recent perky pricing.

Atlantis Resources ‏@atlantisresplc 5h5 hours ago - August 5th The world exclusive unveiling of the MeyGen #tidal turbines - 28 days and counting! #tidalpower #Atlantis #MeyGen.

With all the regulatory pressure seeking to mandate e-invoicing from 2018, suggests strong growth.

• Tungsten Network Early Payment financing levels anticipated to double by end of FY17, with material impact on revenues expected in FY18 My usual definition of 'material' is 10-20+%. Assuming £30m organic revenue, that suggests a target income of £3-6m or higher, this indicates an expectation to finance over £1bn per year based on historic tungsten financing fees (roughly 0.2%?).

Hello, nice rise this morning. News?

Interesting to hear that 'material' revenues from Tungsten Network Finance is expected from 2018. If I take material as meaning above 10%, that would indicate about £2m, indicating about £1bn in financing is targeted at the current transaction fee of between 0.1-0.3%.

Can I buy these in a UK-based ISA or is there a bunch of paperwork to fill in?

Looking at the trends of sub-sea/offshore wind power many types of renewables will not need subsidy in the not-so-distant future. The latest DONG energy winning bids for offshore are crazy low (sub 75 euros per MW-hr, the first offshore park below 100!), and that's scheduled for 2020 switch on.

It kinda makes sense to tread softly when driving a new business model. No point starting a process, getting crappy results and trying to extrapolate using those crap results. They've proved invoice financing is viable, they've ridden the crapstorm when the banks retaliated against the invoicing, now the banks are largely in control of the finance side of things it seems to be full steam ahead. Whether that's full steam ahead in 2016, 2017, or by 2020, it is difficult to tell. I like the potential of Tungsten - but I just don't know yet whether it's going to become a modest company or a gorilla. I'll probably stick around until early 2017 and judge where it's going - prices like these are a blessing entry point if it gains even modest profitability.

Rns. MS gone

Any other opinions on the cause of the recent surge? After from the bank buying in and the short closing 0.3% fairly rapidly? Or perhaps "insight" want a flying start to 2016 and are pushing sales?