Europa are delighted to link with I3E and look forward to early September Serenity appraisal spud. Watch the full video here.
I mean we're running on empty, so it is necessary that there needs to be some news regarding financing of some sort from some big II. SAE has managed to get a couple of people willing to finance projects if goals were met, so I'd imagine they'd be seeing if anyone would be willing to fund the project. It might take a few weeks or months to get any significant news.
I don't know. There seems to be alleged pressure from inside to go against the "green blob". Someone I know who works in the area cross checked this, and she says it’s probably authentic (according to them the civil service is very leaky, so information gets out that way normally or via administration errors. Hacking is less of an issue).
Anyway, Boris' pro-green stance was more down to his partner, according to Dominic Cummings. Boris just liked to build things and had no real ideological agenda aside from building monuments for himself. There is a good chance that the next PM will not be pro-green, because a lot of friends and friends of friends are invested, lobby or are somehow associated with oil and gas AND they view the greens and crypto-socialists, i.e., water melon useful idiots.
Boris rehashed a lot of the ideas from Labour during 2017 and 2019 for his own ends (and out of necessity during the pandemic). I think there is a chance we will return to austerity friendly policies soon, but the impact that may have on green energy is fuzzy. If we get an ideologue like Patel (not completely out of the realm of possibility, but unlikely at the moment), then it will be bad. If we get someone a little bit more pragmatic (Who?), then they will keep up the green thing to increase GDP through cost competitiveness with other sources of energy.
I am not as certain, I can see this going to 10p if it takes a similar trajectory to ITM (I still have no idea why it did so well during COVID, but was happy to hold it). I am inclined to be more on the pessimistic side and agree with you however. I'd say, as a rough heuristic, it's got a 25-30% chance of going the same way as ITM in a short timeframe IF they get a big institutional investor on board (not Gupta). It would also need to gain approval for the battery power facility as well to increase this chance and have a stream of good news in a very short time period. This would increase the chances of a sudden rise; however, there is no guarantee of this and believing as such is wishful thinking now.
I think I know why the CfD win came under Meygen PLC rather than SIMEC Atlantis, and it's probably because they have Nova Innovation on board. What I think happened was getting Nova on board in a separate venture, may have reduced the risk and bad faith assigned to SAE via Gupta and GFG alliance. It seems like quite a good symbiotic relationship if this assumption is correct, as it means both Nova and SAE have a win-win arrangement. Nova could also pump additional money into Meygen through private II potentially depending on if UK law is amendable to this. Happy to be proved wrong on this assumption.
I am assuming this is a glitch? It jumps to from 1.20 to 1.90 at 16:40.
While the news is good, and the share price should be approuching higher levels than it actually is, I think it is more likely that it will go down to lower levels such as were seen yesterday. The reason: There is no reason (aside from fear of placing, which could happen but I think is less likely to happen until up much higher). Just seems to be how this stock goes.
Regardless, it makes it easier to negotiate with abundance. Granted, I'd like the 11M now rather than somewhere around 18 months time, but to have it secured means we have more options with more optimal outcomes for settling the debt.
WELL, that makes things more complicated. Granted:
"Gupta’s Belgian company Liberty Liege Dudelange on Thursday successfully appealed an April court order which called for the company to be liquidated after a judge rejected a restructuring plan for its Belgian assets. The decision was overturned after Gupta’s Romanian steel subsidiary Liberty Galati provided financial support for its Belgian counterpart in the form of a debt-to-equity swap worth €52.5mn as well as €3mn in cash, according to court records."
Perhaps Gupta will throw us a bone to get us passed the abundance issue. I mean, he's already lost a lot of money here so far. Assuming we get a contract, he'd make more in the long term and a dte swap for us would be less than his other company.
I've found a variety of deadlines for notification which may be of intrest to some.
23 – 24 May 2022 30 -
31 May 2022 7 -
8 July 2022 (latest notification).
My gut is telling me it is more likely to be the 31st of May or 8th of July rather than Monday and Tuesday. July isn't however "early summer", although that was only hearsay from some guy on here who apparently emailed those in charge of the CfD process (if memory serves me correct). Granted, if the "early summer" notification is correct it would be the 31st of may.
I am under the impression that we will recieve confirmation regarding the CFD after the final dealine from abundance, unless it is postponed for a month or so. The CfD process gave the impression that they would give confirmation of succeful applications for some applicants either during april late or early july. However, last time I checked it would be early summer which is the start of june. It may not be as bad as I thought it was then, as (assuming we get a contract) it would be well before the 30th deadline. The longest period for notification was early July (the 8th I think), so it might be still doable. We are however, cutting things very close.
Yep, something is definetly wrong at this point on the turbine side. It's just too silent. Just need to wait for an RNS for confirmation. I assume it has probably got installed given second hand accounts/shipping data here, but there might be some technical issues (hopefully small) given the deafening silence. I really want to be wrong about this, but it just seems the best explination at the moment until further infromation is given. Any alternative views?
I can't remeber exactly, but I'll take your word for it. At the moment, I won't be buying more as I have all I am willing to put in for now. In hindsight, if I had weighted a bit I could have bought some at this price but alas, here I am.
I hope so. Also, nice find.
" Last week Newport City Council’s planning department determined that plans to build a major battery energy storage facility at the dormant power plant site would not need an Environmental Impact Assessment (EIA).
This paves the way for a full planning application to be carried out, which would see a major renewable energy project rolled out at the coal-fired station site. "
This takes some of the pressure away. There is still the issue of the abundance debt. We've got a while yet before it becomes an issue and something could get sorted. In theory, it should be more than likely to get sorted out but clarity on the issue sooner is preffered over later. Given goverment support previously, I am wondering if they could be incentivised to help us again if worst came to the worst. Gupta could throw the company a bone, or we could sell a stake in the MeyGen project potentially.
Given past history of them not making clear for a while if there has been a problem with installation. The crane episode took a long time to come out. I would not think about this too much normally, but given people saying the RNS would be out any day now and it has not come to pass it hangs on my mind more.
There is also the issue with abundance and the CfD. I originally made the classic mistake of confusing june and july, so assumed the debt would have had to be payed back later. This is not the case now, and we would have to deal with it first before we got confirmation on the CfD.
Suppouse abundance does not make an extension. What are our options?
Considering that they have not given a RNS, I suppouse there is a problem with the turbine (again).
There is also the issue that given the abundance deadline is the 30th of June, yet the CfD will be given at the 7–8 July we will be well past the deadline for abundance (unless I hope, I am missing something). People's thoughts?