Member Info for originalharrystamper

Oldtramp - your input and researched links to this forum is outstanding.

I've not seen that on a share I've been in before

I've wanted to bloody write that for ages, ha!!!

Hmmmm, should I be contemplating another opportunity to buy some more? I really don't want to as I'm in this heavy already and hope my rose tinted spectacles aren't too tinted, ha!

Production Locations & Capacity

S.East - 350,000tpa
Operational: Q3 2020

Midlands - 350,000tpa
Operational: Q1 2021

South Wales – 600,000tpa
Operational: Q3 2021

N.West - tbc

Note the biggest capacity plant is due to be built closest to UPS....

All interesting but scroll to slide 14 onwards for Subcoal info:

https://daxi.co.uk/wp-content/uploads/2019/03/Mark-NPNERF-Conference-Feb-2019.pdf

Sam - I have no plans to buy back in here (yet)! I'm heavy into SAE at the moment and awaiting a potentially significant SP rise on the back of the awaited news there. As to CLON, I'm just disappointed at the continued lack of, well lack of anything here! I've been in and out of here twice over the last 2 years, both times making profit whilst nothing fundamentally changed - I just happened to be in a the right time before the MMs decided to play with it and see how high they could take it on no news. I feel that once again, the SP is at its lowest and can only go up from here but whether that is on actual news is anyone's guess

And this:

https://www.mondaq.com/energy-and-natural-resources/747428/how-to-obtain-petroleum-exploration-and-production-license-in-ghana

Seriously , how long can this wait continue??? Parliament have ratified other agreements and licenses in the mining sector so why not here? https://www.mining.com/cardinal-resources-ghanaian-mining-licence-ratified/

This is a good detailed explanation of how the system 'should' work:

https://www.lexology.com/library/detail.aspx?g=d58f3cc7-aeb8-4efb-bc83-0555c41a57b3

No probs oldtramp - Wasn’t correcting you mate, just answering the question you posed to BM2 from my take on why they did the JV. I’ve followed many forums in my time and this one is without doubt the best one I’ve been a part of. The input from current members and the research we have all gathered and shared is brilliant. It’s a shame that when this eventually does take off we’ll all be lost in amongst the day trading rampers. I hope this seller is gone before the environmental permit news is released, otherwise the rise that we should see will be unfairly held back. OHS

oldtramp - the Teeside plant will consume 250,000 t/yr of C&I feedstock and will produce 187,500 t/yr of Subcoal. Uskmouth requires 900,000 t/yr of Subcoal. The JV will allow SAE as part of the JV to establish the additional production plants in the UK that are required to meet this quota. I believe it's simply not in N&P's direct best interest to be actively involved in upscaling for this requirement at UPS so the JV was formed to allow them to still be a part of it 'indirectly' and still reap the benefits....all imo of course! OHS

From the RNS:

Proposed investment in 50/50 fuel supply joint venture with N+P to:
o provide the Company with security of fuel supply for Uskmouth Power Station; and
o provide exposure to future revenue opportunities from gate fees and sale of fuel to other projects

It almost feels like the MMs are just buying and selling to each other to keep the price where it is and maintain interest here whilst the permit news is awaited, ha! A TR1 would be nice to confirm otherwise as I'm still perplexed as to why someone is offloading the amounts they are, considering the potential news due here. Additionally, who is buying them all?

I jumped on that straight away BM2 - I don’t recall reading the previous comments being Low/Medium so I need to find that to clarify I have read this correctly - if you find it, post please mate

Phyl - I had difficulty on my phone - can open fine on laptop though

https://publicregister.naturalresources.wales/Search/Results?SearchTerm=pan-008534

Couple more SUP responses added to the NRW page for info. OHS

I was looking at historical environmental planning applications in Newport and came across one for Alphasteel who as you will be aware eventually became Liberty Steel after a number of other owners. The permit had no relation to anything of interest but one of the pages I went to flagged up article about the Electric Arc Furnace and the SAE possible power provision

oldtramp - we must have been doing the same research at practically the same time! Look at the times of our posts ref Liberty Steel, ha!

The development is contingent on a competitive investment environment and the completion of SIMEC Atlantis Energy’s* (SAE) sustainable power station conversion project at the adjacent Uskmouth power station in South Wales. The power station could feed the new development at LSN with competitive power, a key ingredient in LSUK’s GREENSTEEL strategy

“LIBERTY’s steel and SIMEC’s energy together would form a truly circular economy"

https://libertysteelgroup.com/news/liberty-steel-group-accelerates-greensteel-strategy/LSUK has recruited leading equipment provider Danieli to develop its longer-term plans for a GREENSTEEL hub at LSN, where the business already owns and operates a hot rolled coil (HRC) mill. The new GREENSTEEL hub would see investment in Danieli’s latest energy efficient Q-One Electric Arc Furnace (EAF) technology and other site upgrades to create a compact direct cast strip plant capable of producing 1.5-2mtpa thin gauge HRC for the UK market.The development is contingent on a competitive investment environment and the completion of SIMEC Atlantis Energy’s* (SAE) sustainable power station conversion project at the adjacent Uskmouth power station in South Wales. The power station could feed the new development at LSN with competitive power, a key ingredient in LSUK’s GREENSTEEL strategy. SAE’s conversion project is the first in the world of its kind and is currently in an advanced state of conducting technical tests and planning approvals.Commenting on LSUK’s Newport plans, Sanjeev Gupta, said:“Carbon based steel was the foundation of the last industrial revolution, but we must now think differently to meet today’s challenges of decarbonisation and growing consumption of steel globally.“By utilising the abundance of steel scrap in the UK and harnessing the opportunity that the Uskmouth power plant development brings to generate power from waste derived fuel pellets, we can create a highly competitive and sustainable GREENSTEEL hub in Newport. These plans could reduce emissions from steel making by as much as 80-90% vs the blast furnace production route using coal.“LIBERTY’s steel and SIMEC’s energy together would form a truly circular economy. We would not only use the abundant supply of steel scrap in the UK that is currently exported only to return as steel made in other countries, we would also address a critical problem of end-of-life waste going into landfill.”