Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Tango ,very try plus the gas terminal they have at Barrow ,they didn't spend 6 million for no reason imho ,offshore there is approx 600 wind turbines ,there's enough land next to terminal to accommodate repairs etc,an opportunity to buy in low atm .
Lottie123 In relation to your 15.03 I note that at the roadshow yesterday JW said that when asked by both the PM and the local MP about jobs at Appledore he has told them that they need to provide the contracts first. It was stated that no jobs would be hired unless there is the work for them. I do not detect from anything I heard yesterday any intention to spend money recklessly.
Stokey12....yes, i agree, Appledore bought August but 8 think the curve of costs incurred did not start until just recently. I would guess it has accelerated sharply over last 8 weeks and will continue with the several hundred hirings early 2021. This is a gamble on the UK government coming through. Whilst I believe they will, its a gamble nevertheless. On that basis, the share price can only drift as costs mount. Concrete, profitable business of significance is needed. Until then, nothing can be done.
I think our best hope is wind turbine contract this side of Christmas, FSS Spring and we have just loaned money to a country to build 3 ships and UK build the first one (forgot the country), lots of MOD maintenance work also to bid for.
Then there will be the fishing vessels and support ships for border patrol and servicing turbines, there is a lot to bid for and two empty yards is a positive to potentially win a couple.
Chrisatrdg In relation to your 13.41 post I think that the share price has not moved because they are still studyng the presentation and Q&As. I agree with you about he timing of the major contract but would not be surprised if we get something this year. I remember that JW looked at the CFO in relation to one question as if to ask what can we say so they obviously were aware of something but did not want to say anything yet. Some AIM CEOs would have been waxing lyrical last night so it is a credit to JW that he kept quiet on confidential information. Having said that I think because he did not the analyst could not work out how much revenues would be going forward. It would be interesting to see how many of the new ship builds INFA does get and what the contract sizes are.
I think waiting up to 6 months for a major contract is way too long, wages must be min £1m a month then there is running costs, empty yards don't pay the bills. We need something substantial within the next month AIMHO.
I believe that todays SP reflects a view following yesterdays presentation that the ML is at best 1st or 2nd Qtr next year if so the current SP reflects H&W both sites & we can build from now.I see more vessels soon & a major (RNS notified) contract 1st Qtr next year based on my view from last night.All to play for.
Any more thoughts shipmates?
https://eminetra.co.uk/british-shipyard-owners-look-beyond-shipbuilding/92580/
Link to similiar story published in the last half hour
Sorry can't post link
All these black trades are buys, yet sp drops!
Stokey, BlairPeach is often unreasonable, which is why he's on my filter list :)
BlairPeach In relation to your 11.34 post having listened to yesterday's presentation including what was said about the ML I think you are being unfair to INFA. It would seem on the basis of what was said and the reply to an enquiry I made of DAERA that it is a case of feet dragging by DAERA whodo not seem to want to make a decision.
Lottie123 In relation to your 11.15 post I would respectfully correct one thing in your post. Appledore was bought in August so since breakeven in September the only additional expense is the cost of bringing Appledore back into use. I note what you say about the lack of information about earnings. However, bearing in mind the amount of work that is known to have gone into the yard it can be fair to assume that there has been significant income.
whatamess,
Not sure about your logic there!
The marine licence is now a political decision - simple environment v economics.
I would suggest that the last thing INFA can afford is an expensive legal battle with a far from guaranteed outcome.
How did INFA manage to screw up the marine licence so badly, or were we always being duped?
CEO at InfraStrata Plc. H&W (Belfast) Ltd2h • 2 hours ago
'It was fantastic to welcome so many shareholders to our online InfraStrata strategy update last evening, we had over 140 people on zoom. We miss the face to face interaction with our shareholders but are committed to keeping the information flowing and keeping everyone updated on our exciting journey. We will be uploading the entire session to our website during the day.'
https://www.linkedin.com/feed/update/urn:li:activity:6732218596174401536/
Edit: Positive posts thanking JW including mine looks good to me.
I commend the management on putting together a strategic position which is well placed to thrive
, should the government follow through on their intentions. I have reduced my holding again today as I see the roadshow of little use given the lack of assurance about earnings. Breaking even in September is one thing but since then they have taken on a far bigger cost base. I will remain invested as I still agree that the right approach to energy, is storage, and regional regeneration helped by shipbuilding. Given the continued significant supply of stock into every good news rally, I will once again add to my position should the stock break below 30. Wishing all for a speedy ML.
Morning all. I couldn't get logged on last night to the roadshow, does anybody know if there will be/is a recording available? Thanks
BlairPeach In relation to your 09.14 post. My synopsis was not a complete run down of everything that was said. It reflcts what I considered important. My recollection is that IM is still on they are hoping in light of the legal letters that have been sent and representations to the Minister that the license will be granted this year. Also the offtake agreement is still in place.
dawski37,
I think the focus away from IM in 2020 is exactly the reason why so many long-term holders are so pee'd off!
From this and Tango1's post, is the reasonable conclusion that IM is dead?! I can't find anything on INFA's website confirming what was said last night and stokey12's synopsis does not suggest any good news about those lovely salt caverns.
Was any mention made of the leg-breaking debt facility?
Thanks for the update all, seems the market not that impressed but breakeven in September is good, FSRU was only an option if IM was going ahead so no surprise really. "DAERA shenanigans" did he elaborate on that?
I forgot in relation to Navantia when answering a question JW got cautious and said that in H1 2021 calendar year we should start seeing some benefits. At any rate that was the gist of what he was saying.
I note that the roadshiw overran by over an hour to allow for questions as the presentation went on for an hour.
JW was being very careful about what he was saying so as not to let competitors know what INFA was doing but from what he did say the main points for me were
1 The FSRU project is on the back burner. It has not been dropped but it is not being pursued pending a review to see if it remains a strategic fit as set against other projects.
2 H&W reached breakeven on the Dry Dock work in September.
3 Between Belfast and Appledore around 6 ship builds are being bid for.
4 JW sits on a group with Babxxxk that discusses MoD programmes so has a good oversight of all the MoD programmes.
5 The slipway at Appledore should be fully repaired shortly. The dockgates are being removed so that they can be repaired and replaced.
6 Near Term revenues of around £40m are expected.
7 There will be RNSs on material contracts. (I got the impression it was not a question of if there are material contracts but when.)
I think those are the main things. If there were any analyst on the call it would be interested to see their take on it. What might have caught their attention is the comment about breaking even in September. Assuming that the reference to dry dock was to ship repairs that would mean that for the last three months of the calendar year all ship repair work will be adding to the profit line. It would be interesting to see how the markts react to the presentation ths morning.
will the presentation be made available as a recording/link etc?
Very good Road Show IMO. As a recent investor, was great to learn more about the company and their plans. Happy to have invested here and content to wait and see how things go. Was glad to get a bit more info with regards the ML side of things.
Good post dawski37 - In summary I think I have a good investment with INFA but I do not see ML being granted this year.Looks like it is going to be next half year for SP appreciation.
It was a very open evening & I think we all learnt a lot.I was assured with the answer to my question do they have a sufficient financial base for MOD contracts.
Regards to all.