By Peter Brailey | Thursday 27 January 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It has been a little while since I last commented on Simec Atlantis Energy (SAE) and highlighted all the red flags of the investment case. Today’s news that the Uskmouth Planning application has been withdrawn is perhaps surprising at first glance, but in my view, it is fully explainable using a single word – cash. Are we final reaching the death throes of this dreadful company?