Member Info for Phyl

Hi Sustainable dude, welcome to the UK's best share forum. Great, like minded investors with an almost partisan type attitude toward SAE.

Yep, completely agree oldtramp. I'm sure there will be some return challenges by NRW on some of the answers but definite & definitive steps being made now. I'm sure the final set of answers will be posted with haste and hopefully we will receive an early Xmas present by way of the EP.
As an aside, I put a chèeky £0.22p limit on 50k of additional shares this afternoon (based on this update) but the market refused to bite. I intend to do the same again tomorrow but it wouldn't surprise me if we saw a bounce back. Either way it's a win. Your research is 2nd to none by the way.

oldtramp, thanks for notification. I've quickly reviewed the updates which have been posted by NRW. In essence, it is a copy of the SAE response following the questions/request for further information. It is a very detailed response by Cara Donovan which answers a great deal of NRW concerns as requested (approximately) 2 weeks ago regarding Fire/Pellets & Storage. Some answers are to be covered off by an updated Fire Protection Mitigation Plan (FPMP) once the EP has been issued. SAE pay reference to the fact that they intend to work intensively with the SWFS with resulting agreements updated within the FPMP's and shared with NRW themselves.

My thoughts:
Fire prevention mitigation is of the utmost importance and this response should now allay any fears or concerns by NRW. It appears that SAE are ahead of the game in this respect. Tip my cap to Cara whom has responded in some detail and in a professional manner not to mention with speed. All in all, I see this as being a very positive update and one which will help take us a step closer toward the much anticipated EP.

Today's trade in a nutshell:
Trades 36
Vol. Sold 54,639
Sold Value £12.84k
Bought 91,324
Bought Value £21.46k

Despite blue buys exceeding red sells by 36,685 shares & £8,620 the SP drops by £0.05p from Friday's close. Makes no sense... or does it? Perhaps the greasy, despicable MM's are hard at it working their dirty little fingers from their sewer based offices & at the same time having a laugh at our expense? Or maybe I'm just being cynical? Anyway, on a much more positive & happy note, the bid price remains un-changed and whilst not the start to the new week I'm sure we were all wishing for, at least the bid price is holding up nicely so far! In the end though, I remain confident its us investors whom will have the last laugh!

Apologies, it appears the SP jumped into the blue at the death... not like any of us are complaining!

Afternoon chaps, today's action summary:
Trades: 26 (only)
Vol sold: 52,620
Val sold: £12.37k
Vol bought: 77,980
Val bought: £18.33k
NB: More blue buys versus red sells
All in all, considering the NRW news eatlier this week, the SP has held up reasonably well. Today, we've finished slightly down (surprise considering above) versus yesterday but bid price is up a tad which is good news.
The number of transactions appear to be reducing along with it the number of red sells. If this trend continues we might see a tad less volatility (who am I kidding) until the next RNS which we trust will be more positive and encourage previous & new investors to take a punt in this exciting business! Great weekend to one an all!

Agreed oldtramp. One of several opportunities I hasten to add!

Yep, enjoyed that read. Thanks also BDD. It really does feel like the (pun intended) tide is turning in favour of marine energy. I feel sure there are those in central government that extol the same virtues as us but we need this government to formally recognise tidal is 100% in their thinking. In which case, is there any better company placed in the UK & beyond to take full commercial advantage? After all, as the article says, Simec Atlantis are a world leader.

A must for any potential investor...

https://www.bigissue.com/latest/changemakers-powering-the-country-with-plastic-waste/

That's a great idea oldtramp. Gets my vote!

OT, I sent my contact there, Sean Parsons a text following OHS's post yesterday and he very kindly responded straight away saying he would look into it then sent me an official response today. Hope this helps.

Afternoon chaps, just want to share with you an update following the NRW post yesterday. I have just received communication from SAE to say they were fully expecting the post and that they have already engaged the help of an ecologists team in which to provide the neccessary response which they intend to submit in due course. It further demonstrates how determined SAE to see this particular milestone reached and if they must engage additional professional help in which to do so they will.

Thanks to all that have replies. Really appreciate it. I'm going to hold on for the long term & hopefully add to my SIPP.

I think we need to put the past toward the back of our minds... Tidal Energy contracts have been extremely challenging to secure as tidal suppliers try to compete with lower cost wind competition. This is why SAE have lost money yr on yr. All that is set to change IMO as governments the world over including UK look at alternative renewable energy sources and not just tp reduce carbon but to make sure the lights remain on. Just this last week wind energy came to an almost grinding halt due to what? No wind! That's what. Tidal energy provides 100% guarantees. In the past, the technology, while improving, has not been quite there. SAE have worked tirelessly to improve the technology has have, I hasten to add, other tidal companies. The gap between the renewables is now much less giving the technology an ever increasing chance of securing grants & contracts. Indeed, SAE have halved their losses this year versus the previous year and I think we can expect similar next year even without Uskmouth as SAE have plenty going on in the pipeline. So, I believe that we investors Both new & existing must look to the future of and figure out one thing? Is SAE a worthwhile punt? In my most humble view the answer is an emphatic yes! Based on just Uskmouth, the brokers have estimated a price of £0.77p/share. That's without tidal and as BDD has inferred, tidal will undoubtedly do even better in time and I don't believe we will need to wait very long. Just take a look at Nagasaki & Raz Blanchard not to mention the additional output from Meygen. Then there's tidal stream. I could go on but I'll probably bore everyone as I do my family & friends when I talk about this most under appreciated of companies. Just one final point and the reason why Uskmouth is a game changer for us is that any derived profits here will also help drive other pipeline opportunities/projects in tidal. That's why, I would expect the SP to rocket on any good news here and that's why I very much remain excited about the future.

Invested in AZN for the 1st time a week or so ago but SP continues to fall almost daily despite the plethora of what appears to be positive news
This has got to bold well for the future I would have thought but anyone know why the SP is in freefall and longer-term investors, have you experienced anything like it in the past?

No worries OHS and I'll be the 1st to welcome you back into our family!

Evening chaps. OHS, I think what I'm trying to say is that NRW are just covering themselves in case of the inevitable fallout should they grant the permit. They're not allowed to favour (or not as the case may be) any application. Indeed, they have to be seen as being completely impartial otherwise any favouritism one way or the other can potentially be exposed in a court of law. In other words, any request for further information must be made within the confines of the law. I think I'm right in thinking that NRW have previously paid reference to this fact. Its worth noting NRW will understand the compelling economic benefit Uskmouth will bring to the locality again something they have also previously alluded to as being a consideration when assessing the application. That's why, in the end, despite the difficult & complex nature of the project not to mention numerous frustrations which I share by the way, I fully expect the EP, in the end, to be granted. I appreciate your stance though including your argument for selling. Hopefully, the above provides an alternative argument for sticking as I see this latest update.

Afternoon chaps. Just read the PAN-008534 Re-Schedule 5/2/-Q9. In essence, DR David Poole is clearly not satisfied with the SAE response resulting in a request for further information. The tone of the request is quite curt but, from my own experience, they often are very much to the point. In my own humble view, nothing to get unnecessarily concerned about here. Both NRW & SAE were expecting a lengthy period in which questions & answers were anticipated. As I've mentioned in previous posts, NRW are only doing their job. They need to be 100% satisfied any permit that has been granted has been done so with the utmost due diligence as they, themselves will be answerable to those that oppose the project and there will undoubtedly be a number of those! In essence then, I don't believe there us anything here to get unduly worried about but I respect everyone will have an opinion and want to make any buy or sell decisions based on their own research or belief. This latest NRW post only serves to demonstrate to me that dialogue is very much taking place as it should be and remain as optimistic as ever for a positive outcome hopefully by the end of Dec. Just my view that's all.

OHS, are you able to outline briefly what he's asking for?

It's the yo yo effect. Might need to tighten the seat belts a tad particularly over the next few weeks and potentially till yr end by when, hopefully, the NRW will grant a new Uskmouth EP permit. As Sean Parsons says, they are still very much on-track. Hopefully we can enjoy more ups than downs.