The investment in feedstock provision for the Uskmouth power station conversion adds an element of de-risking at a crucial time for financing the project in our view. The deal increases feedstock options and allows SIMEC Atlantis exposure to additional profit in a potentially improving waste management market. The proposed c.£6m funding also provides additional resource to the £9.4m cash announced at the end of June, allowing the company to continue to move forward on several fronts.
07 Aug 2020
SIMEC Atlantis - De-risking fuel supply
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SIMEC Atlantis - De-risking fuel supply
SIMEC Atlantis Energy Ltd. (SAE:LON) | 0.8 0 0.0% | Mkt Cap: 6.14m
- Published:
07 Aug 2020 -
Author:
Adam Forsyth -
Pages:
6
The investment in feedstock provision for the Uskmouth power station conversion adds an element of de-risking at a crucial time for financing the project in our view. The deal increases feedstock options and allows SIMEC Atlantis exposure to additional profit in a potentially improving waste management market. The proposed c.£6m funding also provides additional resource to the £9.4m cash announced at the end of June, allowing the company to continue to move forward on several fronts.