Member Info for Pask

I would argue the SNP didn't do anything last time when it potentially could have. I mean theoretically we have CE/CES(?) which could provide funding, as well as the UKIB. We haven't seen anything from these bodies. In theory, GBE could act as middle man between GBE and CE/CES(?) to facilitate the funding of MeyGen but we haven't seen it. If MeyGen does get funded, I feel it would be through AMP itself at this point once the other projects are active as it might be easier to raise at least some of the capital for its expansion.

Cheers, Mehmet. This helps a lot.

I think the current Middle East conflict does raise concerns for us. I don't think it is going to go away, and I think it will get worse. It may be good to consider worst case scenario IMO and what it would mean for AMP. While we're not directly affected by the Middle East war, what worries me is how we might be indirectly affected.

The main issues I am concerned about for AW1 are (i) attacks or the shutting down of critical oil infrastructure whose effects may be felt for years and could cause significant inflation and power/fuel shortages (delays), (ii) fertiliser shortage which may bring up inflation and (iii) attacks on water desalination facilities, Dams, etc., in the Middle East which could cause the displacement on a lot of people who would probably end up in Europe.

I know these things might seem unconnected to us, but the global economic system is so complex there may be ways AW1 might be affected in a non-obvious way. I have a friend from South India, and he said India won't be as affected by whats happening in the conflict as we think it will as they tend to be more willing to shut off exports if a food shortage occurs (I think I remeber them doing this sometime in Covid). They also get a lot of non-renewable fuel from Russia and other places, and it's just fuel for cooking which they currently lack but can adapt to.

It's got me thinking: Whose the most overexposed to issues with the current conflict. It seems the UK and Europe aren't, but I don't know. If we in some way are, how will this affect AW1 and AW2. Once we have the assets working, it probably won't matter but it's this interim period which has me worried.

This is a tangent not related to AMP, but I remember reading papers from the 2010s about concept forming with generative AI. It is still kind of amazing they still have issues with contex sensitive framing (as seen via your post Mr. T). I don't think standard GenAI will be able to get past this issue, and will have to be augmented and incorporated into some other process.

Anyway, I digress. Back to the main topic at hand:

Money.

It seems obvious, but is a coin toss at the moment. GBE funding will definitely be a "proof of the pudding is in the eating" event.

I am getting a slight vibe that the longer the Iran war goes on, there will be more pressure to invest in renewables and the north sea oil deposits for the government to diversify energy supply. Theoretically, we are in a good to very good position.

In theory, could GBE take a stake in AMP for both the BESS part of the business and the tidal? It would be easier for them to invest for the BESS side on paper given what is said on (p. 40), while de-emphasizing the tidal side of the business. Since they would not have majority voting rights, they could only assert some control over the direction of the business. Would this be possible, or would there be legal or political reasons why this could not happen?

I think the issue was that the article lumped both range and stream together, whilst (i) primarily being about tidal range and (ii) not specifically saying why tidal stream has differing pros and cons when compared to range. I am not disputing your assessments, but merely wondering what could cause someone to think Meygen phase 2 was dead in the water (aside from the government funding issue, but its more in stasis than dead at this point).

From the article:

"Neso’s report, undertaken in conjunction with Arup, looks at tidal range technology — barrages or lagoons that use high tides to drive a turbine. Tidal stream technology, by contrast, uses tidal currents to spin turbines underwater. Both involve high costs and technological complications that have held back large-scale deployment in Britain. "

https://www.ft.com/content/2462d15d-d07b-433d-8406-d5dcb42056b0

I suppose it's just sloppy journalism, where they have failed to make a sufficient distinction between range and stream. That's all I can put it down too. The comments don't give me much faith in awareness of the issue of tidal stream, but that's the FT comment section in a nutshell. A lot of talk and posturing, not much substance.

Cheers oldtramp.

Haven't been as active and gone back to lurking more. There's not too much I can add to discussions ATM.

Hope you are doing well and appreciate yourself and others input on matters.

A regular from the ADVFN AMP board claimed that Meygen phase 2 is dead in the water because the economics don't work. Didn't explain their reasoning. There was an FT article some time ago about the UK tidal industry not being viable, but I've been out of it for some time on the tidal front. Has anything changed in a short space of time which would affect goverment funding for tidal? Or are we still at the stage of just waiting indefinetly for funds?

"value of over £1 billion"

Guess I'm in it for the long haul. It'll take a few years, but at least I might retire without much fear.

I can give you my two cents on the issue. I may be wrong in my thinking mind you, but it is food for thought.

I think you should slowly start taking a bit off during the bigger spikes Mr. T. if you are concerned about being overexposed. Like anywhere between 4-12% of your total shares (or whatever you feel your brain will let you get away with). Don't do it with the aim of making or loosing money, but in a way to foster certain useful habits. You can then either wait for the stock to go down, buy what you have sold in shares (and pocket the difference) and if it does go up you would not have lost that many shares.

Maybe not this exactly, but some plan for which you implement when certain conditions are met and carry it though to the end. You may or may not be already doing this, but if you want to slowly derisk in a way that doesn't trigger your impulses then you'll need to slowly foster certain useful habits. Otherwise, you are at the whim of your passions. Have a strategy. A set of tactics. Feel free to chop and change at points when they have outlived their use, but do stick to them.

Good sign. It allows both retail investors and institutional investor representatives to get a taster of the project. Granted, I suspect it is aimed at IIs.

No worries. I hope you're exit plan works out. You will be missed. I have time.

£1 for me as well. That has always been the plan. Could change, but for now that is the aim.

But to each, their own.

Here's a question: Suppose they got rid of ISA's and increased the tax for selling a stock. Would this disincentivize day trading? Reading between the lines in the FT, the government is increasingly considering doing this and other things.

Begs the question: What could cause it yo turn? Only thing I can think of going on what happened to ITM during covid, is an attempted takeover that doesn't work and said II buying some shares off the market.

The news would have to end up somewhere like the investor chronicle for momentum to be kept IMO within a short period. That and continuous news in major publications for a week. At least with AIM stocks. Traders otherwise pump and dump in a very short time frame. Can't say anything about international markets.

Forgot @Deutscher as well.

@Lesserof2weevils I was a lurker during those days. I forgot when I actually got this account, however. I think it was more recent. I think I was here pre-gupta. That’s as far back as I can remember.

Sorry I am late to the party. I’m glad to see all the LTH reactions to the news. I am especially glad to see @Strangy and @Mister in good spirits. I think you guys (as well as @Oldtramp and other LTH) patience over the years has been most definitely rewarded.

I don’t know what will happen tomorrow with this share, but no matter what, I believe good things are to come.

All the best folks. Enjoy this moment.

Tbh, I agree with the sentiment. Guess we'll just how to see how things pan out. There are a number of updates that should have been given this year but haven't, and I am still waiting for an update of some kind. At least II seem okay with progress, otherwise there would be more of a ruckus with the AGM.