Member Info for originalharrystamper

Make that 5m and counting……

OHS

I see Another 2m just bought

Same trade just showed up at 0.355 - could even be a sell!

Nope.

“ The appointed broker will purchase shares from the market on or around the fifth trading day of each calendar month for a period of 12 months. Consequently, the first Director Purchase Plan buying is expected to occur on or around 7 September 2021”.

Plus, only 4 directors and 10% of their monthly wages combined is nowhere near £111k

OHS

Take your pick: Depreciating fields, depreciating oil and gas prices (3 month low), no flow test achievable at Sancrai and a trigger happy seller. It's not for the faint hearted, especially in the current climate - time to turn my paper loss into actual paper and bank some actual money I feel

It's in black and white:

"attract, motivate and retain Directors"

The Remuneration Committee is chaired by Mark Steed with David Hutchins as a member. The Remuneration Committee is responsible for reviewing the performance of the executive Directors and will set their remuneration, determine the payment of bonuses to them and consider the introduction and operation of bonus, option and pension schemes. Executive remuneration packages are designed to attract, motivate and retain Directors of the necessary calibre and to reward them for enhancing value to shareholders. The performance measurement of the Executive Director and key members of senior management and the determination of their annual remuneration package is undertaken by the Remuneration Committee. The remuneration of Non-executive Directors is determined by the Board within limits set in the Articles of Association.

Broker target price still at 6.5p:

https://research.arden-partners.com/portal/portal.html#

*edit* - example 3

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/48375/5350-emr-annex-d--update-on-the-emissions-performance-s.pdf

Example 1 looks like a good comparison

OHS

https://www.dawn.com/news/1638483/five-cpec-power-projects-face-delays

The title of the article doesn't do the article justice as it's quite positive:

ISLAMABAD: The Pak-China Relations Steering Committee on Monday directed finalisation of a uniform policy framework within a month for extension in commercial operation dates (CODs) of five power projects of about 3,600 megawatts being set up under China-****stan Economic Corridor (CPEC).

The meeting presided over by Planning Minister Asad Umar also directed the Power Division to ensure availability of sufficient power for operationalisation of 660kV transmission line from Matiari to Lahore from Sept 1. The committee also directed National Electric Power Regulatory Authority (Nepra) to finalise tariff for the project during the testing stage.

A number of projects under the CPEC, including those in the power sector, are currently facing delays for various reasons including the ongoing pandemic and surplus generation capacity. The multi-billion dollar economic cooperation had not been able over the last three years to maintain the impetus that delivered a series of power plants and other infrastructure projects in the first phase of the CPEC implementation.

The meeting discussed in detail the “ongoing projects under CPEC and the issues facing their investors,” said a statement after the second meeting of the recently created steering committee, mostly represented by federal secretaries and chairman of CPEC Authority besides military and intelligence agencies.

https://www.powermag.com/cause-for-celebration-plant-provides-power-economic-boost-to-****stan/

*edit* - not £77.5m - need to know what their limit is, then £50 x the difference annually. Anyone know?

OHS

Here's another incentive:

https://www.reuters.com/business/sustainable-business/britains-carbon-market-begins-trading-higher-than-eu-prices-2021-05-19/

Approx. £50 per tonne for CO2 produced at present. With Uskmouth currently projected to produce 1,550,000 tonnes annually, that's a hefty £77.5m to pay out annually!!

https://www.edie.net/news/11/UK-ETS--Post-Brexit-carbon-market-opens-for-first-time-with-carbon-price-topping--50-per-tonne/

"Under the UK ETS, power plants and other high emitting corporates will be charged for every tonne of CO2e they emit beyond a certain limit. They will also be able to sell excess reductions for profit to other companies that have failed to remain below their specific limits".

OHS

Hmmm, clearly not having a coffee with the person who is derisking in multiples of 1m chunks today and over last few weeks……someone’s not happy

Strangy, Wenglish et al - have a read through the attached links for details of why the decision was made to call in the Uskmouth application. It should allow you to get a better idea of what I was trying to explain with regard to the decarbonisation and waste policies that Wales is trying to achieve and why the decision is unlikely to be a quick one based solely on the additional infrastructure of silos etc....

https://gov.wales/sites/default/files/publications/2021-04/atisn15033doc12.pdf

And also this (Section 4 and 5):

https://gov.wales/sites/default/files/publications/2021-04/atisn15033doc13.pdf

OHS

The investor pre-paid an initial investment of £2m cash in exchange to subscribe for £2.09m worth of shares with a 24 month period. They have prepaid 2 investments of £2m each so far (the initial one and then one 3 months later) and have so far subscribed for £750k, £500k, £1m and another £500k worth of shares. Its nothing to do with a discount as such, I see the £90k additional value of shares as coverage of their eventual selling fees on the £2m investment if you like.

Hmmm, you might need to go back and read it again yourself. The investor has paid 2 x £2m tranches (Dec and March), of which they have 24 months from the date of each investment to request shares to the value of each investment. Latest request for circa 12m shares (£500k) makes the SP around 4.1p a share which is significantly more than a 4.5% discount. You’ll also note that the 3rd tranche of £2m would have been due in June as the 3 monthly increment but wasn’t invested due to the SP being below the floor price set out in the RNS you mention.

This is not additional funding Skeletor - this is a draw down of subscribed shares as part of 2 x £2m investments (so far) that an investor has made as part of an investment relation with SAE. In this case, the investor has requested circa 12m shares in exchange for the sum of £500,000 of their already paid investment. If I recall correctly, I don’t think they hang on to the shares so I would imagine you’ll start seeing them sold on here in the near term - very good profit margin for them at 4p each.

As much as I would like to see some news on new and upcoming projects I would much prefer to read an update on one or some of the following that seem to have gone off the radar:

1. NPA Fuels Ltd - Heads of Terms signed back in August last year - an update on proposed sites for subcoal PAF production would be very welcome - are they waiting for outcome of permit decision by NRW? Would seem the most obvious reason
2. Hana Financial - are they still the main backer should the project go ahead? There was a 6 month exclusivity period for them which has long since passed - would be good to know they are still the main interest and/or have others put forward an interest?
3. The investor from last year was due another £2m investment in June - it didn't come (presumably due to the SP at the time being below the floor price set for the 3rd tranche - an update on their involvement would settle some nerves also as it would suggest another equity raise was less likely - if they don't invest, should we assume SAE will seek equity elsewhere for future/current projects?
4. Clarification on the moratorium is probably the most important part here - Where does Uskmouth Power Plant sit with regard to this? It's clearly many multiples above the 10MW limit - the call in decision was delayed until this policy was set - why?
5. The Senedd Plenary don't sit again now until the 14th Sept - would NRW release a draft permit for public opinion before or after a decision is made regarding the moratorium on efw plants? It would make sense to gauge public opinion beforehand imo

To all those who have joined SAE at the 4p levels or longer term holders who have averaged down - absolute blinder of an investment before the GFG RNS!! 110% rise in a trading day!! Wow!! It seems there is much news due but in what order or timeframe, who knows! GL all

OHS

Yet another issue of equity to pay the bills. Can see this dropping to a new 52 week low shortly. nothing to bolster the SP and create any revenue cash. Disappointing