SIMEC Atlantis’ full year statement and in particular its going concern statement show that financial risks remain following the decision not to proceed with the Uskmouth conversion. Yet the company has created a path through these risks with the creation of the 240MW Uskmouth battery project and further opportunities at the MeyGen tidal stream project. With MeyGen seeing the immediate benefit of an additional turbine in the water we see the current year as being a better one for the company.
29 Jun 2022
SIMEC Atlantis - A Clear Path Forward
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SIMEC Atlantis - A Clear Path Forward
SIMEC Atlantis Energy Ltd. (SAE:LON) | 1.0 0 26.6% | Mkt Cap: 7.23m
- Published:
29 Jun 2022 -
Author:
Adam Forsyth -
Pages:
3
SIMEC Atlantis’ full year statement and in particular its going concern statement show that financial risks remain following the decision not to proceed with the Uskmouth conversion. Yet the company has created a path through these risks with the creation of the 240MW Uskmouth battery project and further opportunities at the MeyGen tidal stream project. With MeyGen seeing the immediate benefit of an additional turbine in the water we see the current year as being a better one for the company.