Member Info for originalharrystamper

Bit of early action today which is nice to see for a change - 7 trades so far and all buys, ASK now at 3.50

I wish this revolution would hurry up, ha! Mondays profitable day wiped off by 0840 on Wednesday :(

Strangy - great article find mate and also the twitter MMc tweet

The Telegraph article regards Bardsey Island wasn’t new news as I first read about it over the weekend. What is new is the fact that they have stated that the BEIS told them that tidal will provide 10% of the UK power in the future. I believe tidal will be part of the next CfD. There is too much of the technology being actively invested in around the country to be ignored this time round imo

I reckon that’s it mate! Can we assume Johnson’s announcement will hint at a tidal future perhaps? The Telegraph article specifically mentioned that the BEIS told them that ‘there are plans for the renewable resource to one day supply 10 per cent of the UK's energy and that the Government is open to considering well-developed proposals for harnessing the tidal range energy.’ Very nice!

These 2 statements......wow!:

“The Department for Business, Energy and Industrial Strategy (BEIS) told The Telegraph that there are plans for the renewable resource to one day supply 10 per cent of the UK's energy. The Government is open to considering well-developed proposals for harnessing the tidal range energy in the bays and estuaries around our coastlines, including barrages and other alternatives.”

“The Environmental Audit Committee is currently launching an inquiry into the possibility of a faster and more comprehensive roll-out of blue energy.”

This may be the reason for the rise!

www.telegraph.co.uk/news/2020/11/16/british-island-first-completely-powered-tidal-energy-government/amp/

I looked into Nova Innovation yesterday after I got an alert on my phone that SAE were now following them on twitter.

A Welsh island is set to be the first area of Britain to be completely powered by tidal energy, as the government plans to roll out the renewable source across the country.

Bardsey Island off North Wales will be powered entirely by waves and it is hoped there will be surplus energy to be sent to the mainland.

The island, which only has four year-round residents, is a wildlife haven and home to puffins, seals, and manx shearwaters but currently relies on diesel to power its handful of buildings.

Nova Innovation say the project will switch the island's from a dependency on diesel generation to "become the world's first blue energy island".

The company plans to install five 100 kilowatt turbines on the seabed to harness tidal power and say they will be completely hidden from view.

The Department for Business, Energy and Industrial Strategy (BEIS) told The Telegraph that there are plans for the renewable resource to one day supply 10 per cent of the UK's energy.

The Government is open to considering well-developed proposals for harnessing the tidal range energy in the bays and estuaries around our coastlines, including barrages and other alternatives.

Tidal differs from some other renewable sources in that it is predictable but intermittent as tides and currents vary around the country, while solar and wind output is weather-dependent and more difficult to predict. This means that there is less risk of blackouts, which are sometimes seen with wind power.

A BEIS spokesperson said: “The UK is a world-leader in exploring marine technologies that harness the clean, natural energy of our tides and the Government has a long history of supporting the development of marine technologies.

“We have committed to ensuring net zero carbon emissions by 2050 and we are taking every opportunity to continue the UK’s fantastic track record for tackling climate change as we build back greener from the pandemic.”

Testing of tidal energy continues; initial projects failed because of the hostile marine environment. However, technology is fast improving and now over 10MW of tidal stream devices have been deployed for testing in the UK. This includes the world’s first commercial scale tidal stream turbine (MCT SeaGen 1.2MW in Strangford Lough, Northern Ireland).

The Environmental Audit Committee is currently launching an inquiry into the possibility of a faster and more comprehensive roll-out of blue energy.

An unexpected but very nice to see rise today. I happened to be watching the screen as the SP went up and then the RNS alert appeared and I got a bit excited, ha! Odd though - I can’t see anything different with today’s trades compared to the previous weeks/months to warrant seeing 2 PMEs? I did try a dummy trade whilst it was in the extension and couldn’t get a buy price but shortly after I could. No large delayed trades either to explain it? Anyhow, it’s added a lovely increase to my balance! Let’s see what tomorrow brings, OHS

Anyone know what these 6 x £1317 trades for 3.00p are? 3 today and 3 last week

No doubt this will be a quiet bb until we see some movement but its now 3.29 to buy out of interest

Cheers OT - It's like having a little 'side bet' alongside your main 'gamble'! Very much looking forward to what is next in stall for us at SAE but this is also something to keep an eye on and hope for additional pot build

So, having tried to work my way through the historical RNS and bits I've found on general google searches (DirectorTalk Q&As were good) I'm still content with my 'punt' entry here at 3.16p. I think I'll give it this week to see how the SP moves (hopefully in an upwards direction of course, ha!). I feel that although there is the obvious concern regarding repaying the outstanding loan (as is to be expected given the current climate and oil/gas prices) I have gleaned a fair few positives from the latest results that give me enough confidence to maintain a position and await a decent return. I mean, this statement alone would add significant value to most stocks:
"For the nine months ended 30 September 2020, average production (boe/d) increased by 1,247 or 107% to 2,415 (2019 - 1,168), consisting of 1,841 (2019 - 814) in Romania and 574 (2019 - 354) in Tunisia, an increase of 1,027 or 126% and 220 or 62%, respectively".
Additionally, they have now received approval from NAMR to amend the last outstanding work commitment for the third exploration phase of the Satu Mare Concession and was granted a 12-month concession licence extension until 27 October 2021. Also, scrapping a seismic commitment and replacing it with a commitment to drill two wells - one as early as Jan 2021 is in itself worth getting in at this price imo. Not forgetting the possibility that they will soon own 100% of the Satu Mare Concession now they have filed a Request for Arbitration (they are seeking a declaration affirming the Company's rightful claim of ownership of OEBS 40% participating interest).

Ultimately, although the following statement is the main concern I believe the above listed positives far outway it:

"The base case cashflow forecast indicates that the Group will continue its operations for the foreseeable future and will be able to realise its assets and discharge its liabilities and commitments in the normal course of operations. However, the base case cashflow indicates that, under the current assumptions, the Group will not be able to repay the 30 June 2021 revised instalment under the Deferral Agreement".

Hi Strangy - as good as that sounds I think it's unrealistic as there are a lot of researched aspects to SAE that have been added here over the last few months. I think the majority are all very important reading materials to any potential investor - I agree there are quite a lot of threads on here (I'm guilty of many of them sorry, ha!). I can't speak for others buy personally, I read the chat as a whole and seldom if at all by specific thread. OT did mention the idea of a single post that had the main links attached to it that could be reposted now and again to keep it current - how we go about doing that is another matter though? I think it should be kept fairly basic as the amount of info on here is immense but as a minimum for a 'new investor' I think the post would benefit from including the following: Arden Report, NRW correspondences, subcoal info (maybe a N+P link?), proactive investor interviews with TC, recent funding RNS. OHS

Whats the ticker mate?

Not sure yet. Because of the issues with LSE lately I’ve been checking the investegate site for RNSs in case LSE wasn’t showing them. I happened to click on SENX just to see the highlights of the report and was interested by the revenue figures but when I checked the LSE chat and charts it told a different story. When it dropped another 7% to a new 52 week low and bearing in mind it was double this back in August I decided to take a punt and research later, ha! Interestingly, the SP tucked up straight after my buy and then again just before close. I feel it may have been over sold and perhaps won’t take much new interest to get it moving again - could be another quick in and out for you like CLON ;)

Hi Phyl, I meant another forum on LSE. I should have just said the name of the company on here to save confusion but didn't want to start a chat on here about it. I'll mention it once now - ticker: SENX

3.285 to buy now

https://www.gov.uk/government/consultations/contracts-for-difference-cfd-proposed-amendments-to-the-scheme-2020

https://www.gov.uk/government/latest?departments%5B%5D=department-for-business-energy-and-industrial-strategy

Knowledge is Power but shared knowledge is wealth so here are a couple of links I check regularly;https://www.gov.uk/government/latest?departments%5B%5D=department-for-business-energy-and-industrial-strategyhttps://www.gov.uk/government/consultations/contracts-for-difference-cfd-proposed-amendments-to-the-scheme-2020