Thread by @MylesMcNulty

#SAE continues to move up, 15p mid now, £64.4m mkt cap. Times article yesterday clearing helping.

The source also alludes to the EPC contractors potentially providing funding, and helping secure export credits from Chinese gov.

Clearly mgmt. is looking to avoid PLC dilution 1/5

I've been asked a few times about my rationale for the 2-year, £1bn mkt cap target.

There are ~2,500 coal-fired power plants in operation worldwide. Decommissioning costs average around $10m.

#SAE could pick up end-of-life plants from owners who don't wish to deal with... 2/5

decom. for next to nothing. $10m per plant would of course be a net gain to the owner of $20m.

Each converted plant could generate EBITDA of £40m for a further 2 decades.

Once Uskmouth has been completed, #SAE will have a converison template which they'll refine over time. 3/5

Coal burning and non-recyclable plastics are two monumental subjects that mankind is trying to address. #SAE's power plant conversion blueprint addresses both of them.

Conversion of just 1% of coal plants worldwide over the next decade would create a £1bn EBITDA portfolio. 4/5

With financial close due in Q4, I think the market will begin to consider #SAE's potential. The only remaining major technological hurdle - the large scale fuel testing - hopefully will be cleared shortly. Then it's full steam ahead, and hopefully more conversion projects. 5/5