Member Info for Phyl

Morning chaps. In respect of the Telegraph article I very much doubt this was the reason behind the SP boost yesterday. More like general market optimism coupled with positive trading on SAE shares I would have thought . Long may it continue but I suspect you will get the usual sellers on stand-by waiting to make their fast buck helping to suppress the share price at the same time. Getting back to the article, the fact that the Telegraph has published it is positive in itself as it opens the door to people's imaginations but the reality is, tidal is still many years behind other renewable energy mechanics despite the gap narrowing all the time. In the end, I believe it will, one day be able to compete for contracts with no company in a finer position than SAE to take full commercial advantage. What tidal needs right now though is investment. A CFD is what it needs. This way, the investment can be ploughed into further R&D and lower cost mechanisms can be developed. This way, tidal can be placed on a more level playing field with other sources of renewables and effectively compete. Without this much needed investment it will simply take longer to deliver and that's why Uskmouth is so crucial. It would bring about a double edge sword. One edge being tidal were part of the substantial profits derived can be re-directed. Inthe meantime, I'm hopeful, the fact that Boris's long term partner, Carrie Symmonds, is an active environmentalist might help our cause? Loving the enthusiasm & really feeling the positivity of the "Jackpot" posts but I suspect we might be in for a correction today. Stand to be corrected & sincerely hope I'm wrong!

Hi samdevine, my understanding is that due to the sheer scale & complexity of the project NRW have asked if SAE have any objection for more time in which to make their pre-consultation decision and have intimated 31/12/20 as being the earliest date. I think I'm correct with this but stand to be corrected. I do, however, expect a summary statement at any time from SAE to update it's investors as to exactly what the current status is with SUP including any challenges it faces. Fingers crossed this comes sooner rather than later. I'm going to hazard a guess they are waiting for such time to provide a positive statement and that's the reason why we haven't heard from the SUP leadership team this past week since I broached them directly. (as per my previous post) Just to reiterate, I understand that dialogue between the 2 parties are continuing to progress as per SAE's expectations. I guess one can only draw positivity from this and that's why I'm continuing to keep the faith. I don't want to come across as being a ramper in any way but I truly believe the EP being granted is a gamechanger for the company and hence the significant benefit to its investors notwithstanding Tidal of course which also stands to benefit from SUP profits.

Really good, informative video's oldtramp & thanks as always for sharing them. Must admit, I haven't thought too much about the impact of Brexit and in particular, future European grants which have, before now, helped to support the likes of EMAC. Don't think it will impact on SAE but can't be 100% sure.

Afternoon all. OHS, we may well have been communicating on another forum in which case we both agree any future CFD awarded to SAE for low carbon tidal electricity generation would be, arguably, the most significant of gamechangers and dare I say, arguably more significant than even SUP. This year, has seen a 50% reduction in losses due to the progress with tidal. With everything going on with this business, it would not be unreasonable to expect next year's results to show a profit albeit a small one I'm sure. A CFD though would make such an enormous difference. This alone would almost certainly (IMO) make today's share price look an absolute steal and that's without any benefit in terms of a positive SUP update & all that this particular project brings. I've mentioned before, being an investor in SAE is akin to being on one long white knuckle rollercoaster ride at Blackpool Pleasure Beach but as long as you don't disembark, likely to be a really exciting one!

Agreed!

Morning chaps, I can confirm SAE have no connection with Waste Knot.

Completely agree NickiDo & good timing as it corresponds well with the latest RNS were the JV & €1m grant has been given to invest in technologies to help drive down the cost of tidal renewable energy and provide a more level playing field with other sources of renewables as wind. As OHS says, a CFD win will be a gamechanger.

Evening all, hope all's well with you despite our SP white knuckle ride that never seems to end. OHS, I haven't been able to call anyone today but will tomorrow morning. I'll provide an update after 11am subject to LSE share chat being available. Its been awful these past couple of weeks or so. In terms of Waste Knot, I took a look at them on Company's House. No accounts appear to have been filed.

Hi OHS, I certainly can. Will post an update Wed pm.

Evening chaps, this morning's climb was, I believe due to a combination of the RNS, news from the USA, covid vaccine and blue buys but quickly dampened by an increasing number of red sellers profiteering. See below for details of the share trades:

Trades 122
Vol. Sold 382,561
Sold Value £84.16k
Vol. Bought 214,063
Bought Value £47.09k

Tim Cornellius has spoken a number of times of a relatively small volume of trades, particularly red sells can impact the SP. No better example than this during today's trading I'm afraid to say. Had the blue buys continued at the same rate as earlier trading the end of day SP would, I think, have taken a slightly different path. Lets hope for more people making an investment in this incredible diverse renewable energy company. The RNS highlighting the JV this morning just goes to show the technology for lower cost tidal energy is there and the €1m grant will help deliver the benefit going forward as it seeks to bridge the gap with wind. It would not surprise me if we find a further, positive RNS before year end. Combined with a positive RNS on SUP at the same time and you can only see the SP ripping! Keeping the faith.

samdevine/oldtramp/OHS, some great articles posted again today. Research really is 2nd to none. Fingers crossed the SUP leadership team post a positive update this week either by way of an RNS or (but more likely) via the SAE (news)web site. By the way, I'm beginning to think you lot are madder than I am about SAE... which is worrying!

Hi samdevine, really good find. Articles like this definitely helps our cause and thanks for sharing it. I think everyone knows the potential of the sea so now it's up to Government to help provide financial support by way of a CFD. It'll be about time!

I wouldn't give him or any of his comments time of day.

That's really interesting OHS, I wonder why?

Really positive news this but only what we all believe anyway. Current SP looks increasingly like a bargain particularly for LT investors but I'm expecting or at least hopeful of a number of bump ups for ST & MT investors as well as we reach each milestone.

A tidal fact:
The potential energy that could be harvested from tidal movements on a global scale is enormous. ... It is estimated that around 1 terawatt of exploitable power is stored in the world's oceans. This would be enough to power 10 billion 100-watt lightbulbs at once.

Whatever the reason hope it jolly well continues!

Morning all. Interesting to hear people's positions in so far as their break even points are concerned with their SAE holding as the SP has swung like a pendulum over the past few months. I understand whatever price each of have paid will, in time, pail into insignificance over time & with any positive RNS in the near future any current (paper) losses will be overturned. Let's hope it's sooner rather than later because, naturally, people including myself always feel better if our investments are in positive territory. For those in the same position as me, I remain hopeful that with everything going on we won't have too long to wait before we see the SP heading in a northward direction. BDD, was £0.36p a typo? Do you mean £0.26p?

To be honest OHS I don't think it matters who supplies what to whom & when as long as SAE benefit. It appears Drax are currently looking at all avenues and should they be successful with using pellets then they must obtain an EP setting a precedent. No bad thing for us in our quest for our EP. I think thats why the Drax project is an interesting one. If they go on to use the JV pellets that's a good thing as well as it provides an additional avenue hence contribution to profits. I don't think there is any foundation to think or believe the Drax project would impact on SUP in the slightest unless I'm missing something? I'm aware the MH burners have been tweaked to ensure a more efficient burn and while a joint collaboration unaware there is a patent or patent pending on the burner technology. All in all I'm taking (as always) a positive view. As each week passes we edge closer to what we all hope will be a positive outcome to the EP. My only concern is the SP value as it stands right now. If it remains low (sub £0.20p) the boost in SP value as a result of any positive RNS might not be sufficient to bring me personally into profit in the short term. I need it to be circa £0.28p to show a reasonable upside to my 3 separate investments in SAE, however, I remain very optimistic for the longer term increase in SP as profits filter through. I'm aware that SAE intend to use some of these profits to invest in the various tidal pipeline opportunities enhancing this side of the business which I have just as much an interest in. I would welcome any further takes/opinions on the current SP value versus any positive RNS SP values particularly if they differ to my own.

Morning chaps. Interesting points & theories regarding the pellets and in particular, the potential supply to any 3rd party such as Drax. We've discussed many times SAE potentially being involved in other (since defunct) coal fired powered stations(CFPS) both home & abroad. I think SAE have alluded to this possibility themselves in the recent past? If so, this suggests there will be/is flex within the manufacturing capacity to potentially ramp up the production of the afformentioned fuel pellets. We know that the pellets themselves have to be of a very tight specification in order to burn efficiently in the (Mitsubishi) burners. I would have thought the pellets by way of the N&P JV with SAE are one-of-a-kind? If this is correct, it's entirely possible Drax would need to procure the pellets from the JV company? I fully appreciate OHS's point that there is likely to be insufficient volume right now but where would Drax be procuring the pellets from if not the JV? I don't think any supply agreement with Drax or any other 3rd party would automatically be an end to the SUP. Not for one minute. I think the Drax project is a very interesting one and similar to the SAE project and definitely worth keeping a watchful eye on. Any agreement with Drax would be, in my opinion, worthy of an RNS so also worth keeping eye on this as well.