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I asked the question should INFA legally challenge DAERA, at the recent Investor meeting. JWs response was fair in that it's not a preferred route for resources. But i think we do recognise a change of tone, perhaps motivated by investors' willingness to go down that path. JW will do the right thing.
For anyone interested, 'NI Ferry Site' and 'Northern Ireland Shipping' groups on Facebook are 2 sites where there is interesting information at times in relation to H & W and the comings and goings in Belfast docks.
There are several shipping enthusiasts on these sites and folk there working in various roles in the harbour estate. There's comments in these groups about Stena Europe possibly getting major deck replacement work.
Stena Europe returns today. Unconfirmed reports indicate that this might for up to 8 weeks for a deck replacement. Nice steady work for the dry dock. Helps cash flow low, builds experience and credibility through another successful reference. Cruise & ferry segment doing very well with more to come.
I don't like the tone either Tango when DAERA use the term 'highly controversial'. It's not up to these desktop reviewers to decide if something's controversial or not. Their role is to assess the application and present their findings to Minister Poots. A more articulate and professional statement from DAERA could have said 'there is a lot of data to review and conflicting opinions from various parties'.
My thoughts are that INFA should ditch the 'Mr nice guy amicable approach' with DAERA and go hard at them from every angle possible to force completion and an outcome to this application. I think JW now bringing the media outlets in to highlight the DAERA dithering (and the economic consequences of it) could be the start of going harder on these folk to get an outcome.
I'm all for amicable discussion and negotiation if required, however DAERA dithering now needs strongly challenged ! !
We just need the ML before Christmas to totally transform the SP, DAERA are obviously working on it, but I did not like the tone of the report TTNY shared as for me it stank of BIAS. Regardless of their "perception of controversy" they are their to evaluate on the facts, and if and when they do that the ML will be awarded.
According to Vessel Finder the only ship in port at Appledore is the Sarah Grey. Having said that the Mormaen 15 isshown as having arrived at Appledore on the 13 November shortly after the Sarah Grey but there is no listing of her departing and is not shown as In Port
Without shipyard purchases (and the dilution that went with it) if infa had been relying on IM the company either wouldn't be here now or would have been continually diluting to keep the lights on. Great move after all and buys plenty of time to sort ML (hopefully)
I find it difficult to except that the project is "Highly Controversial" when it has been known for the last 12 years already has the extraction and disposal permits and we are working within the legal framework (going above and beyond). The only controversy is from the Tree Huggers with nothing better to do, instead of being happy that INFA are going above and beyond what they need to do to protect the environment, and with the H&W team we don't need to do as much transportation on land.
RE: Military spending - tip of the iceberg?20 Nov '20
Firstly, I have the position I want here, and I think this share will tip into the £ territory when the tangible contracts are announced, however this is a rise on assumed gains which have yet to be materialised in the shape of actual contracts, i.e. this can go as easily as it has been gained.
Feel free to prematurely assume you are over the hump, I personally think there is someways, and some doubt to overcome before that happens.
Regards to the shortfall, guess you are right, they are just making it up and the press are exagerating when our troops deploy and have serious shortages of basic equipment.
Nevertheless, I come back to me earlier point, this company can make serious gains and has the right team in place to do so. Whether that is ship building, or in the longer term renewables based we shall see.
This is a site I subscribe to and therefore have access to their reports / news items. I've posted below the full wording from this article for those that can't access the full article in the above link. I have the feeling that INFA are now starting to get a bit less patient and a bit more aggressive in their dealings with DAERA with regards to this marine license application. Maybe it's what's required to move this on.
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InfraStrata, the company behind contentious proposals for a gas storage facility at Islandmagee, has accused the '' ''Northern Irish government of 'dithering' over licences needed before the project, which has planning permission, can proceed.
The Department of Agriculture, Environment and Rural Affairs has confirmed to The Planner that its officials are currently considering applications from InfraStrata for both a marine construction licence and permission to abstract and discharge water.
These are required by the company before it can start building the scheme near Larne, which will involve creating huge caverns under the seabed to store gas.
The department said: “Due to the strategic nature of the proposed Islandmagee project, the award or withholding of these consents will be subject to the minister’s decision.
“DAERA officials are currently working through the determinations. The minister will then consider whether there is a need to refer the decision to the Executive Committee”.
This is because the project is highly controversial and has more than one department involved in approving key aspects of the scheme''.
TTNY, well spotted. Cruise & ferry and renewables will contribute significantly to near term revenues. Defense will most probably be huge in the future but we need the other segments in the near term to bridge the gap. The VOX interview gives another very good outline of the size and complementary nature of the segments and their pipelines.