Member Info for Nonnymass

LTH with an average of 3.7p.

Holding for a minimum of 50p but if 100p is on the cards I Am happy to wait

Given the rather bullish presentation, they must be approaching the banks for a short term line of credit if cash is needed ?

I agree and am surprised the sp has not reacted more.

If the company folds, will the govt walk away with rights to all of Versariens's IP ?

If the Chineses put in a bid, can they legitimately deny a sale ?

It is entirely possible the Market makers have been indulging themselves in a bit of naked short selling. I often wondered if this was happening when the price collapsed. Look forward to seeing how this plays out. If so, It could be one helluva short squeeze . Rubbing hands with glee.

Rather unfortunate timing of your exit, Dr JOS. Not sure how many shares you dumped, but you perfectly picked the bottom to sell.

Keen to hear your views on today's share price action Dr JOS

Thanks

Already mandatory by law in France - who is supplying these ?

Was hoping for a results rns - they were due on the 25th

Entirely possible that market makers may have enjoyed some naked short selling when the share price was tanking - they are well known to be shy steers

Entirely possible that the oil and gas lobby has got to them ?

It's interesting how much we have become focussed on Uskmouth forgetting where this story began.

This too from AI...

Proteus signed a Memorandum of Understanding (MOU) with SKF Marine and GE Vernova to support multi-megawatt tidal stream projects. Their initial focus is supplying at least 59MW of tidal energy to MeyGen PLC, the world's largest tidal stream facility in Scotland.

Proteus is proving that tidal energy can be a scalable and reliable renewable power source.

The economic potential of tidal energy is substantial, but estimating the exact income from 59MW of tidal energy depends on several factors, including electricity market prices, government subsidies, and operational costs.

A recent report suggests that tidal stream and wave energy projects in the UK could generate over £8 billion in economic benefits by 2050, supporting 15,000+ jobs

I can't wait for the delivery of turbines

Thanks oldtramp

Under LDES, Simec is guaranteed 60 GBP per kilowatt per year.

Uskmouth AW1 is expected to provide 120 Megawatts. How much does that translate into in terms of guaranteed revenue for Simec ?

Httpx://nation.cymru/news/former-power-station-site-set-to-host-major-battery-energy-storage-plant/

Replace the x with an s in the link

500 jobs expected to be generated- I hadn't quite realised it was such a large project.

Processing data, mainly for AI, will consume more electricity in the US alone by 2030 than manufacturing steel, cement, chemicals and all other energy-intensive goods combined, according to a report from the International Energy Agency (IEA).

://www.theguardian.com/technology/2025/apr/10/energy-demands-from-ai-datacentres-to-quadruple-by-2030-says-report?CMP=Share_iOSApp_Other

Hw.sustainabletimes.co.uk/post/ofgem-unveils-cap-and-floor-scheme-to-boost-investment-in-super-batteries

For all its importance, no new LDES facility has been built in the UK in the last four decades. Why? High upfront capital costs, long construction timelines, and an investment landscape too volatile for comfort. Until now.

Ofgem’s new regime changes that equation. By guaranteeing a minimum return (the "floor") while capping excessive profits (the "cap"), the framework offers predictability for developers and value for taxpayers. The scheme only backs projects that deliver eight hours or more of storage—ensuring that funds go to high-impact infrastructure, not vanity projects.

And there’s a safeguard: if these facilities overperform financially, the excess flows back to households in the form of lower energy bills.'

4.5 billion !

I believe her. Johanna must know about Money.

Jokes aside, the potential is massive. Proteus is making good progress as well which will also benefit Simec.

https://www.compositesworld.com/news/proteus-marine-renewables-installs-japans-first-11-megawatt-tidal-turbine

Development costs would have been massive. Those engineers are expensive- its why they separated off Proteus