Member Info for originalharrystamper

Strangy et al - it’s no surprise that the recent GFG news has cast a shadow on SAE. I agree that this ‘issue’ should not have a direct affect on SAE but unfortunately it does cause an indirect consequence due to SIMEC being part of GFG. I feel there is too much concern with the impact this GFG news has on SAE though. Yes, as stated above there is the obvious connection but not to the point of causing serious concern to SAE. Worst case scenario, SIMEC as a whole or an asset of SIMEC (SUP share holding) is sold off and the connection is severed. I feel this is causing misdirection from SAE as a whole and certainly SUP as an individual project. Unfortunately, SUP success or failure has a direct affect on SAE as a whole. A lot of chat about SUP has naturally centred around NRW (awaiting EP decision) and NCC (pending call in decision). Certain other elements are being overlooked imo. With this in mind, what do you make of this and what affect do you think it will have on SUP and therefore SAE?:

https://koreajoongangdaily.joins.com/2021/03/11/business/finance/hana-bank-shinhan-bank-hana-financial-group/20210311161500498.html

OHS

WB - The £4m is an investment purse as part of the Governments £92m investment package (£68m interestingly going towards power storage tech). I believe the biomass element is aimed more so to the growing of energy crops so not really much of a benefit to SUP. Off topic, this is much more relevant:

https://www.business-standard.com/article/companies/sanjeev-gupta-in-talks-to-negotiate-reprieve-on-greensill-capital-debt-121031100035_1.html

OHS

ST - perhaps because they thought back in December that the SP would be well above 20p by mid March 2021 and so could terminate without releasing more shares in the second tranche.

Disregard my comment G-Man, it is relevant regarding the 5p level for second tranche - I misread the RNS paragraph. OHS

Not relevant G-Man. This is the important bit:

“Both parties may postpone an investment by the Investor in relation to its third and fourth tranches of investment for up to 90 days on one occasion only during the term of the Agreement. In the case of the Investor, it may also postpone the second, third and fourth tranches of investment for up to 60 days if the market price of the Company's Shares is equal to or less than a base price of £0.13 per Share (in the case of the third and fourth tranches) and £0.05 per Share (in the case of the second tranche) for two consecutive trading days. If during the period of postponement the market price does not recover to equal or exceed that price for an agreed period then the Investor will have the right to elect to terminate the Agreement. In the case of Atlantis, it will have the right to elect to terminate the Agreement (and not to consummate the second, third and fourth tranches of investment) if the market price of the Company's Shares is less than a cancellation floor price of £0.20 per Share. As noted above, Atlantis will also have the right to terminate the Agreement regardless of market price if it does so prior to the second tranche of investment and upon the payment of a cancellation fee of £48,000”.

Note that SAE can cancel the agreement if SP is below 20p. It will be interesting to see which way it goes - let the investor subscribe to more shares sub 13p or not let them have any....

OHS

Interesting point ST - 12.3 to buy now - where are the mms getting shares from to sell on at 12.3p??

The glimmer is getting shinier:

https://www.business-live.co.uk/manufacturing/liberty-steel-says-adequate-funding-20014359

OHS

A glimmer of hope:

https://www.business-live.co.uk/manufacturing/calls-government-consider-support-sanjeev-20002569

Either the journalist is ill informed or SAE are still weighing up their options regarding PPAs:

"It also has an interest in the Uskmouth Power Station , which is seeking to raise investment to move to biomass energy generation to supply the adjoining Liberty Steel Newport plant"

OHS

OT - yes mate, not a massive amount but looks like I timed it quite well - bought at just under 12p week before last. OHS

King5 - are you referring to the 3 delayed trades from Friday? Comparing the times of trades and the price with LSE posts on Friday around those times, they are all under the the SP at that time so look like sells. Having said that, the live ask price has been different from what LSE has been indicating on trades lately

Also, anyone read this full article?:

http://www.endswasteandbioenergy.com/article/1709402/wales-considers-moratorium-large-scale-efw-developments

OHS

Would it be a fair assumption that any decision regarding a call-in wouldn't be made until after the scheduled; 'Climate Change, Environment and Rural Affairs Committee - Thursday, 11 March 2021 13.30'

https://business.senedd.wales/ieListDocuments.aspx?MId=11155&EVT=101&DT=A

https://business.senedd.wales/documents/g11132/Public%20reports%20pack%20Thursday%2011-Mar-2021%2013.30%20Climate%20Change%20Environment%20and%20Rural%20Affairs%20Comm.pdf?T=10

Carbon Budgets are due to be discussed

OHS

And this:

https://arpost.co/2021/03/02/virtual-reality-education-change-learning/

OT et al, good article here from the weekend:

https://edtechnology.co.uk/comments/the-power-of-vr-learning-in-a-new-reality/

FS - they ‘were’ linked when Uskmouth Power Station was owned by SIMEC Uskmouth Power - it made perfect sense to supply a GFG owned steel plant with a GFG owned power station. But the power station is no longer owned by GFG, they hold less than 50% of it (they cannot actually own more than 49.99% of SAE in total). SAE moved with the times and decided to go down the route of a possible PPA with data centres. Now, that is not to say that things won’t change again but at present, SAEs ‘current’ intention is to supply Imperial Park. OHS

FastShow - that article is nearly 5 years old! I feel you’re another worthy candidate of the ‘do your research’ phrase. If you had done some research you would know that intention now is to supply existing industry at Imperial Park and a planing application has been submitted for a 132kv cable from SUP to this location. If you’re going to try and bash the share (not that it needs much help at present), at least do it with some actual supportive evidence. OHS

Ah Eric.....Eric, Eric, Eric...... I shake my head when I read your posts, but always with a wry smile on my face. You seem to go out of your way to post the polar opposite of what you have been preaching about what I used to post. Dall01 has summed up the sentiment perfectly - nothing positive to write at present and as I will reiterate once again, no one on the LSE forum has the ability to control a SP. With regard to the current SUP project, nothing fundamentally has changed - SAE are awaiting the EP decision from NRW. This was publicised that it would be May 2021 at the earliest for the draft permit (if approved). The planning application was requested to be called in and is currently awaiting a decision to call in or reject the call in - that is the immediate sticking point here. Once again you are confusing the 2 Eric with your statement; "Last we heard was that OH knew that the permit would not go ahead" - the Permit is not the planning application - do your research (I seem to have to say that a lot) - The Permit (EP) is still in discussion with NRW as publicised. With regard to the current SP, difficult to say whether it has bottomed out as a number of uncertainties still remain that will sway it either way, namely the call-in decision and the EP decision. It's going to be a case of 'fastest finger first' on a buy or sell button for this stock. OHS

PQE up another 14% now at 8c!...... For those that saw my schoolboy calculation error at the weekend, that’s $0.08 not $0.008! Ha! OHS

Doh!! What an absolute schoolboy error! Ha! As I have shared in TOM at £0.005 I did the same calcs for PQE in cents but just realised my error with PQE being $0.05, not $0.005! Ffs! Apologies all. I’ll leave the messages on here so I can be suitably shamed! Ha!

https://sec.report/Document/0001062993-21-000639/
This was the previous transaction when he bought 1m to take him to 1.45m shares.

What?? He owns 2.45m shares at circa 0.5/0.6c each- how is that $100k?