Member Info for originalharrystamper

Good article oldtramp. Bottom line though is that UPS isn’t going to be an incinerator but this is going to take a lot of convincing at a high level to prove it. Follow here for updated status: https://publicregister.naturalresources.wales/Search/Results?searchTerm=PAN-008534&filters%5BSearchTerm%5D=PAN-008534&pageNumber=5

If this wasn’t someone complaining about incinerators polluting the air we breathe, it would be someone else complaining that more needs to be incinerated to reduce land fill size and vermin problems. UPS will happen as it is the future and if for whatever reason it doesn’t happen in Uskmouth for SAE, it’ll happen somewhere else and probably a lot quicker (*cough, South Korea, cough*)......

Nice to see this has turned around today after the late trades yesterday and TR1 today adding further support. 29.0p being paid towards close also. Perhaps some more late trades to follow after close

Gives a very good up to date and 'all round' picture of Ghana as a whole and to not be focused solely on ratification of a PA. GL all. OHS

Very good link to bookmark on your phone/desktop etc...

https://www.ghanaweb.com/GhanaHomePage/NewsArchive/dossier.php?ID=142

Bananaman - Interestingly, they crossed the 5% threshold on Friday (the day of the lovely big rise) which is odd as they had plenty of opportunity to buy at a much lower price before then? Question now is, did they buy just to put them back over 5% or are they adding more? I guess we'll have to wait and see if the 10% threshold is crossed in the future

Yes, but only to take them back above 5%. Look at the Holdings RNS on the 27/07 - they had gone over 5% threshold but the placement of additional shares would have diluted this percentage back below 5% so they’ve ‘topped up’ so to speak

Oldtramp - If only!

I didn’t mean I bought £112k of shares btw!!!!!! I meant it was at the same time as my trade, Hahaha!!!

Some nice delayed buys at close. Standard procedure after a very positive update on a company. Volume changes significantly and the bigger investors start buying. My shares swapped over to my ISA yesterday so I know the £112k is a buy. Very sure the £14k and £28k are also buys but the £55k is hard to tell as it’s right in the middle of the SP at that time.

£170m financing is triggered once the following have been completed and the 'basic premises in place for the project to achieve financial close':

1. EPC contract to facilitate construction
2. Power Purchase Agreement (PPA) - possibly the private wires (on site Data Centre) mentioned previously?
3. Planning, Permitting and Consenting - status can be followed here: https://publicregister.naturalresources.wales/Search/Results?searchTerm=PAN-008534&filters%5BSearchTerm%5D=PAN-008534&pageNumber=5
4. Final Terms on the PPA

So, 3 eagerly awaited next news flows which should further cement the UPS project and in turn provide further support levels for the share price

Just watched the interview for the 3rd time! I know I’m somewhat biased as a current share holder but I can’t see a negative here! SAE are now financed up to a staggering £170 for not only the Uskmouth Plant, but for potential additional fuel pellet production plants and possible onsite private wires for data centres. I believe this deal with HANA is going to be transformational for SAE and us as shareholders. Coal fired power plants supply 40% of electrical power in South Korea, 10 plants have currently closed to curb pollution and HANA have ‘deep relations into the owners of the coal fired power stations’! Absolute no brainer of a share to be in!

oldtramp - did you also note he also mentioned the data centres in that sentence? - £50m to convert/build additional Subcoal fuel pellet production plants and/or onsite data centres! Lovely

I don't want to detract interest from the previous post I linked to the youtube interview with TC but what a crappy walk down the share has had today. I said that I expected a blue finish and an open price around 28p and then 30+ fairly early doors so it was nice to see this a 32+ but to then to see it slowly walked back down is frustrating. I also can't see the justification for it based on volume today. Anyone else share similar thoughts? Still, I'm massively in profit here so I should look on the bright side I suppose! TC's interview has further cemented my belief in my account balance having an 'astonishing' figure by the end of 2020!

Wow!! Just wow!! Great interview! So much to discuss on here after others have watched this. Highlights for me:

Tim's options for some of the financing deal (£50m) - video min: 01:40

Future projects in South Korea (10 power plants recently closed) - video min: 04:10

"sets the company up well for an ASTONISHING finish to 2020: video min: 05:50

BRAVO!

https://www.youtube.com/watch?v=cqvQXRldGLQ

*doesn't take much volume

I would imagine that it’ll open slightly above Fridays close; say around 27p+ after the news from Friday was further digested over the weekend. Depending on support, I think we could touch 30p again but this is AIM so anything’s possible really, ha! It could spike to 50p as majority of shares are held by long term investors so did lent take much volume to move SAE. I’ll settle for any blue finish

Very nice up to date summary there Muktass. Seems fairly accurate but I don’t know how much weight ‘investorschampion.com’ has with regard to adding support to stocks? It certainly reads very good for us PIs though and any one contemplating buying in this week. I certainly expect the SP to continue its upward movement over the next few days.....plus, this is just regarding UPS, we still have MeyGen quietly doing its thing in the background

*probably better to say ‘can we assume MHPS’ rather than ‘does that mean MHPS’ in my previous post

From oldtramp’s link:

“It stated Mitsubishi Hitachi Power Systems will have completed all of that work by Q4 2020 and will then be able to offer a fixed price for the combustion system under a contract structure that can attract project finance.”

As SAE now have a finance deal on place, does that mean MHPS have offered the fixed price for the combustion system for Uskmouth?