Member Info for originalharrystamper

Morning all. Anyone with a deeper knowledge base on here know who the TR1 buyer is? Very happy to have an investment in here from what I have read so far and have found the posts on here very informative. Cheers, OHS

Regular as clockwork

My post from Feb:

RE: Hadn't noticed...15 Feb 2021 12:41
Afternoon all - have I missed much?! I've taken my finger off the pulse with this one (if it ever had one!, ha!) so having to back read through to catch up. Is anyone on hear expecting to see another equity issue or fund raising in the near term? I note the last update of financials for the period ending 30th June 2020 and they only had cash and cash equivalents of £190K remaining. They expended £146,000 as cash flow from operational activities for this period so that's approx: £24,300 per month, give or take fluctuations. It's now been 7 1/2 months since this update so using this crude maths I make that £182,500 of possible further cash flow from operations? Am I missing something here? Even if they have tightened their purse strings considerably in this period, I would still expect this remaining £190,000 to have been fairly drawn down on? Coupled with this, the directors are still due £1,240,000 in the 'other payables' section - where is this going to come from? Any clarification much appreciated prior to a possible (re)investment. Cheers, OHS

Davey - in short, no. The additional £4m is after the 4 x £2m tranches if agreed upon. The first £2m tranche was in December and £750k was subscribed for at circa 11p. The second £2m tranche was in March and we now know the price was circa 7.4p and £500k worth subscribed for. Therefore £1.25m still available from the first tranche but not worth drawing that down as it’s over current SP. £1.5m left of second tranche. 3rd tranche in mid June but that will be dependant on SP at the time and heavily dependant on Welsh Ministers decision to approve or reject the planning application for the additional infrastructure. OHS

ST - the draw down SP is a 5 day weighted average of the SP at the date of the investment; 7.4p. They only drew down £750k from the first tranche at circa 11p (I think) so no point drawing anymore from that tranche. As to why only £500k of the £2m - I would hazard a guess that to draw down anymore would potentially depreciate the current SP below 7.4p. I get the feeling they only subscribe to the shares for onward selling purposes, thereby reclaiming their investments back so to speak. I would therefore expect to see some larger than average sells from next week like we saw after the first tranche draw down. OHS

Morning OT, yes mate, still here. A welcome change in the SP last couple of days (especially yesterday). Let’s see how today pans out.

Hi Mike, this was my post from Feb (easier to copy and paste):

RE: Hadn't noticed...15 Feb 2021 12:41
Afternoon all - have I missed much?! I've taken my finger off the pulse with this one (if it ever had one!, ha!) so having to back read through to catch up. Is anyone on hear expecting to see another equity issue or fund raising in the near term? I note the last update of financials for the period ending 30th June 2020 and they only had cash and cash equivalents of £190K remaining. They expended £146,000 as cash flow from operational activities for this period so that's approx: £24,300 per month, give or take fluctuations. It's now been 7 1/2 months since this update so using this crude maths I make that £182,500 of possible further cash flow from operations? Am I missing something here? Even if they have tightened their purse strings considerably in this period, I would still expect this remaining £190,000 to have been fairly drawn down on? Coupled with this, the directors are still due £1,240,000 in the 'other payables' section - where is this going to come from? Any clarification much appreciated prior to a possible (re)investment. Cheers, OHS

Morning oilman, can you look at the financials and let me know if I’m missing something here? I posted a few weeks back with a mention about them but haven’t really seen anything that changes my thoughts. I think an equity raise is imminent based on their figures - I can’t see where any money is coming from for CLON and if they are cash burning what little they had on wages etc... they can’t have much left at all. Are they perhaps funding their wages form other companies they are BOD for? Cheers, OHS

https://documents.newport.gov.uk/PublicAccess_LIVE/Document/ViewDocument?id=E4D00FF2E456499283F3C61424E3B635RE: NOTIFICATION IN ACCORDANCE WITH SECTION 77 OF THE TOWN AND COUNTRY PLANNING GENERAL DEVELOPMENT PROCEDURE ORDER 2012 IN RELATION TO PLANNING APPLICTION 20/0748 AT USKMOUTH POWER STATIONI refer to the above application and the current Holding Direction issued by Welsh Government pursuant to a request to call in the application. I can confirm that on 24th March 2021 the Welsh Government Planning Directorate confirmed that the Minister for Housing and Local Government directs the planning application shall be determined by the Welsh Ministers. Both you and your agent have been issued with a copy of this letter and the reasons for this decision.We will be notified of the process to be adopted for the consideration of the application in due course. This letter provides the requisite notice to you by the Local Planning Authority in accordance with the provisions of Article 13 of the 2012 Order and must be read in conjunction with the Welsh Government letter of 24th March that you already have a copy ofwhich sets out the reasons for its call in decision.Please be advised that Welsh Ministers will, if the applicant so wishes, afford to the applicant an opportunity of appearing before and being heard by a person appointed by the Welsh Ministers. The decision of the Welsh Ministers will be final.Progress of its consideration of this and all other called-in cases and call-in requests can be found at ttps://gov.wales/planning-decisions-being-considered-welsh-ministers-called. The progress chart is updated weekly.The Ministers’ decision to call in application 20/0748 does not imply or infer any view from the Welsh Ministers about the merits of the application. Please note that the Welsh Minister’s consideration and determination timescales for the application are likely to be affected by the Welsh Government elections in May 2021.

Morning DNP - what news is expected? PP decision? - Welsh Ministers decision on PP will be post elections (post 6th May). 2nd tranche investment update? - draw down of shares from this tranche? (Doubtful they would draw down more from first tranche as that price was circa 11p). Draft decision on EP? - is it likely that NRW will still make a decision before WM decision? The 2 are separate issues but with an obvious link. Tidal news?

To be fair, you do take his bait!

Eric, I’ll stick around till half 11, let’s have a quick Q&A - you go first. Shoot

S83 - I actually can’t quite fathom what emotion or emoji I could use to categorise his posts. I simply don’t see the relation or impact that Mr Gupta’s current predicament has on SAE? As stated by SAE, they are an independent company. SIMEC hold 43% of the shares (soon to be less if the subscriber requests more) - that’s it. Unless the SIMEC Group decide to sell their holding, what does it matter? And even if they do, what does it matter? It’s a pointless Eric-rhetoric. As already posted on here, this is the Achilles heel: https://gov.wales/sites/default/files/publications/2021-03/strategic-assessment-or%20the-future-need-for-energy-from-waste-capacity-in-wales.pdf

I had just written this but it wouldn’t post. I see the reason why is that Eric’s post has been removed so I couldn’t reply directly

Eric, just let it go. I’ve only posted 3 times this month in VRE - that is clear to see for anyone who wishes to go full Sherlock on me. I took a punt in their based on links and research OT posted in there. As for SAE, I will reiterate once again - I posted research and links to formative information for any investor to choose to follow and read. Anyone choosing to follow and read those links then used their own free will and judgement to decide whether to use that information, along with their own research, to either make an investment here or not. Equally, the same applies when making a decision to sell. And here’s some food for thought - if you think for one moment that anyone on here has the ability to actually manipulate a SP and you are holding me, OT and others to account then it stands to reason that your incessant negative posts have lost investors much, much more than I ever made them seeing as the SP is now sub 9p. OHS

For what it's worth now, the FPMP is now available to read on the NRW site:

https://publicregister.naturalresources.wales/Search/Results?SearchTerm=+PAN-008534&sortBy=Date&filters%5BLocation%5D=&filters%5BLocalAuthority%5D=&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date

https://www.offshore-energy.biz/fourteen-u-s-states-sue-biden-administration-over-oil-and-gas-leasing-halt/

Likewise. Just need some news from the front line now! If ever there was a share to test patience its this one!

ST - on the contrary - they maximised the time they had. If they had submitted before the 19th (deadline date) and had EP rejected then they would have failed to deliver SUP partly due to not utilising all resources (time) to the best of their ability. They have no doubt being going over and over this information multiple times, questioning and brainstorming every perceivable question and query to ensure they have submitted every ounce of information required as this is the last submission NRW would take. Proper due diligence. OHS

Eric, if you had just re-familiarised yourself with the original post (03/02/21 @ 18:06 - that’s 6:06pm) you would see that at no point was I talking about planning permission, it was the Environmental Permit. I’ll post the extract again for you (and everyone else to see) in the hope that you give your forehead a damn good slap when realisation kicks in.

“However, aside from this, something else now concerns me more - the Environmental Permit. I have been an advocate of the idea of SUP and have supported this belief with many links to research for people to form their own opinions. I still believe that SAE will achieve the EP for SUP in time but I now have it on good authority that May 2021 is the earliest that any decision would be made. I was previously under the impression that this was the date of the final decision and a draft decision could have been much sooner but this is not the case. For me, this was too long to wait. It is always in everyone's best interest to explore all research avenues and make contact with people who may be able to better explain details that have been put on the public forums that are accessible to us all (NRW, Newport Council Public Register etc.....).”

You keep referring to a continuous rhetoric of my ‘good authority’. It seems rather obvious to me from the extract above that I am simply alluding to the fact I emailed someone to seek clarification of the expected NRW decision date but wasn’t prepared to ‘name drop’. Now, be careful you don’t use up all your remaining screen time before bed, looking for other ways get things wrong.

OHS

Eric, you are confusing the 2 once again. 'Planning Permission' has not been refused, it just hasn't been approved (yet). The 'Environmental Permit' has not been refused or approved (yet), it is not due to be decided on until May 2021 at the earliest (according to NRW).

With regard to Planning - the holding direction was publicised on NCC's website the day before the meeting https://documents.newport.gov.uk/PublicAccess_LIVE/Document/ViewDocument?id=034FC186CDF54CFDB1128C577243C45D

With regard to Environmental Permit - clarification of publicised information was sought regarding the expected date of the EP decision being May 2021

OHS

Yes, interpretation is down to the individual (as it always should be). Regarding the comment about halting ‘financing for projects related to building coal-fired power plants at home and abroad’ - that seems pretty much black and white but this paragraph - “The group will also establish a system to assess environmental and social risks related to development projects by the first half of this year, to refrain from financing projects that might damage the environment or violate human rights” was the the one that raised my eyebrows. It is certainly open to interpretation, especially given that an exclusive debt financing agreement between SAE and HFI was announced last year