Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Any takes on what's happened to make it 5.5m? I don't think there has been any substantial changes in our current situation (in fact, I thought we were slightly better).
I think at this point, we're just going to have to wait for labour to get in. I've looked on some of the investor presentations from NOVA innovation, and Kier Starmer directly mentioned them as an exemplar company for potentially what he wants to do with tidal. I'd rather it be SAE, but given our real estate at Meygen and the CfD we seem to keep getting, as well as Labour potentially making in roads into Scotland, we could see some sort of a funding mechanism coming for us or our potential partners. Granted, I don't trust the current labour party with this sort of thing and they seem to capitulate to pressure easily.
No, I agree with what you say about tidal stream. This SHOULD be the case. The issue however from a political angle, is politicals often like big eye-catching projects as PR stunts. Then when reality hits, such projects are often overdue and overpriced compared to if they had done it in small increments (See. HS2). However, maybe you are right in the sense of a rising tide lifts all boats.
Like others here, I am just annoyed with all the sod's law moments the company has had to endure. I do agree management have done exceedingly well given the circumstances (even if they have had to act rather ruthlessly and make incredibly difficult decisions to keep our heads above water).
It will be interesting to see how things unfold, but part of me is cautiously optimistic in the medium to long run.
What about tidal lagoon and tidal barrage projects? It seems current government and industry discourse around tidal seems to be emphasizing them more. I would assume there would be more flexibility with using tidal stream, as it would take less time to set up such devices comparatively compared to barrages and lagoons.
Also, what about the likes of NOVA innovation? I am assuming you are betting on SAE because they are in the tidal real estate business now, rather than the production of tidal turbines. I do think there is money to be made here, but there are too many issues with the uncertainty caused by the UK’s political system. It’s a lot like the weather: Unpredictable in the medium to long run.
It’s just annoying thinking about how bad management of the UK economy means there are a load of weaknesses in regard to our energy production that can be exploited in the geopolitical arena in future (among other things).
I think you have the right approach. What do you think of the prospects of getting kept afloat by Uskmouth for the meantime? And also, do you trust Labour when it comes to talk about Tidal. They seemed serious about it in 2019, but now, god knows. It's probably just PR.
Found source:
https://www.snp.org/nicola-sturgeons-address-to-snp22-conference/
I do think it is a reasonable position to be fairly optimistic in our given circumstances with SAE on all fronts, and I say that as someone with a more pessimistic disposition. A lot of things are stacking up in our favour. On the pellet issue, if we can advertise the product to as many stakeholders as possible as a temp issue we could do fairly well. I hope there are discussions behind the scenes with various interests.
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.
https://thegrayzone.com/2022/06/28/intelligence-cabal-uk-home-secretary-priti-patels-enemies/
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.
https://www.londonstockexchange.com/stock/SAE/simec-atlantis-energy-limited/company-page
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.