Member Info for Strangy83

That old chap is a great find...

Investing is always good and this one is very good for BESS.

🤣🤣🤣🤣

Sheppy said 2p raise then 3p...

Lost it - dosser.

£21 exchina

That is if the MDD is mandatory and there are any caveats if breaching 18 months.

At Munin.

Round 4 of the cfd?

Have I missed something?

Trader???

I like the discussion, however it is now about scaling up.

Having the finances in place for such an event (Mr black - will definitely be the link sorting this)

We move to lots more turbines and even more mws.

The issue is still..

The supply chain

Finances

Partners

Developers

Cash burn

Consents

And finally time.

I want more meat on the bones and so would any more future investors.

I'm an LTH, I am down but clawing it back a bit at a time.

If in the next 6-12 months we survive and things happen then we should see a slow increase in price but having been burnt, I am now realistic and very wary.

Next turbine in the water on time is the start of a timeline.

To achieve this the turbine needs to be in the water in the next 5 months (as per RNSs).

The BESS at Meygen?

More news about this required.

Is the funding coming from the finance requirement in 2025?

With regards to suppliers - must be Proteus and the incentive of owning a 1/5 of the shares in the company.

If they do well, so do we.

If they win more lucrative contract - win win.

I am hoping we have turned the corner but we shall see.

Exactly what it says with a change in the Auditor.

U forgot to add that Bess at Usk to over 1gb.

Of this potentially 0.5 GB could be for SAE = Revenue.

BESS at Meygen= Revenue

My main concern as I have stated for quite some time is not having turbines in the water and losing money during these periods.

Somehow a plan is required that investors must see showing how they will develop solutions to this problem otherwise we may have more problems than successes.

I get what you are answering.

And yes the are now project consultant for tidal.

But the details of what you have put must have been a consideration prior to SAE handing Proteus the keys to the turbines and the IP.

It would be a more interesting thread that really relates to the actual plan for phase 2 at Meygen.

This is with regards to the type of turbine and components.

I would assume that this through Proteus and their turbine build and supply chain process.

3 mw from original 1.5mw already so let's hope that the innovation keeps building beyond 3mw as this where the value is to be found.

Along with the wetmate and fast connection system for removal, replacement and repair.

The next pivotal communication is finance for this phase.

That if and when it happens will be the main mover for the SP along with balancing SAE finances.

At thorn.

Yes they go out on a limb at some early stages of trials when they can pay less.

Unlike ADCs which are now known hence to get in the market with a takeover it's costly

You really are irritating.

Agree with TRbob.

Trust me if the SP goes up by 10% or more all of a sudden new people enter the board talking chute.

They will tell us that in a week this will be 5p nailed on or 0.005.

Ignore them.

I'd

F they cannot talk about the basics then they are FOS.

If they tell you the chart says they have broken out...

Same applies.

GLA

IMO it's bite size gains and stability.

We have a been around 1.4 to 1.5 for a few weeks.

Next news needs to be excellent from Bess or MEYGEN to keep this momentum.

Don't agree with your thread given HMGs record.

Ditto.

Given the portfolio of Mr Black this may actually be positive as the financial support for Meygen could come from that area that Mr Black works in via investments in renewable energy market.

The issue still relates to turbines.

This is ownership and agreements.

If Proteus become the big turbine builder then it will help.

Can a plan be deployed where the company (via Proteus ) have an effective method od removing and deploying turbines?

The cost is reflective for this and also that they can state and keep to their targets for remove and install.

Time out of the water now will be twice as costly from 3mw turbines.

The company on this front really do need to have better Comms given the fact that they have just given themselves bonuses.

Still leaves a sour taste in my mouth to be fair.

Read all you have put and to be fair it has already been discussed before.

The playing field is going to be very difficult with regards to cash runway and being able not only to finance circa 10 turbines for phase 2 but also the next phase. That will be about 30 on top of the 10 already mentioned.

Do not really care at the moment what Mr Black is saying, stating or spouting.

Fact.

Full reverse done by SAER ref Usk.

Meygen 6 MW although working in a way doing well the delays for turbines being back in the water is a major concern.

Yes we could say in an emerging technology R&S is pivotal.

I would argue that if we are struggling with 4 turbines and getting these back in the water then how will we fair when we have newer turbines that have many different components and different blades.

This is an issue already so given that the Toyota Lean Manufacture principal must come into play then how will this fit with servicing and repairs etc as the Nigg area will be non stop forever given what is required going forward.

What is the funnel problem....oh yes it is when turbines are taken out and not immediately replace as this then effectively reduces energy and cash generation for the company.

There are many queries and questions.

To be fair I was hoping that the BESS at Meygen would be bigger in order to really create a double boost but at the moment it is only 200mw.

Also back at Usk.

Imo we need to have our own part of the system so we generate cash whenever we store energy via battery storage otherwise we do not get the best revenue for the systems that are being developed and built to over 1gw.

Are there any other things in the pipeline at Usk?

Where are we with regards to Meygen and the 2025 financial scenario in order to build and fit the turbines.

Also don't forget that SAER have now changed their objectives and role as a company.

Which is now....

Tidal energy system design, development and operation.

Time will tell. At the moment I am not aware of what turbines Proteus have in use at the moment.

Thought welcome.

Why don't you just start one thread instead of flooding the board???????

PLEASE SEE SAER REPLY FROM SEAN PARSONS.

I HAVE REPLIED AS IMO I STILL THINK IT WAS UNJUSTIFIED AFTER GOING THROUGH ALL THE RNSs AND HISTORICAL DATA.

-----------------------------------------------------

Hi xxxxxxxxxxxxxx,

Thank you for your email, for taking the time to write, and for your appreciation of the work we are doing. The continued support of our shareholders has been critical in delivering our world-leading projects. We have been working hard to ensure that we are able to continue delivering these projects and build on our recent successes.

The new management team have had to navigate considerable challenges and make some difficult decisions. The team are focused on a strategy to deliver an exciting future for stakeholders, by maximising the opportunities at our sites in Scotland and Wales. The team's dedication and hard work, alongside their expertise and experience, are critical to our future success, and it is important that we retain the right people over the long-term.

The LTIP/CSOP schemes in place are designed to ensure that management, and indeed all employees, are incentivised to increase shareholders’ value over the mid and longer term, and to be rewarded accordingly. The schemes are designed to reward if the share value increases, to align with the interests of shareholders. If options do vest and are exercised, dilution would be expected to be substantially offset through the share value accretion.

We would note that, as we recently announced, the total option pool is limited to a maximum of 10% of the company’s issued share capital, with just under 9% currently granted.

We believe these schemes will allow us to reward and benefit all stakeholders who are on the journey with us.

Thank you again for your ongoing support.

Sean Parsons”

It was me and I have just received a reply that I will be posting on this BB in the next hour.