Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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They need to focus on debt reduction not more aquisitions. Look what reducing debt is doing for the RR share price.
We r getting pulled down towards end of the day.hopefully we will follow RR share price movement soon. I see a massive upside here. DYOR.
As the SP moves up hopefully the mood of this board moves up with it.....
The air traffic control glitch which caused thousands of flight cancellations and delays into and out of Britain has been fixed and will not be repeated, the head of NATS, the country's air traffic control provider, said
Further to MikeSO2's link
https://www.nats.aero/about-us/company/ which accesses the following:
"NATS is a public private partnership between the Airline Group, which holds 42%, NATS staff who hold 5%, UK airport operator LHR Airports Limited with 4%, and the Government which holds 49% (the golden share).
The Airline Group comprises:
USS Sherwood Limited
British Airways PLC
Pension Protection Fund
easyJet Airline Company Limited
Virgin Atlantic Airways Limited
Deutsche Lufthansa AG
Thomson Airways Limited
Thomas Cook Airlines Limited "
The Govt owns 49% of NATS so should contribute 49% to the cited £100m compensation. Willie Walsh is well versed in all this so I'd imagine a lot of discussion will go on in private, etc... Rishi Sunak's and Labour’s shadow transport secretary, Louise Haigh's comments re this fiasco, both placing all the onus on the Airlines, begs the question as to how much intelligence and knowledge do these so-called 'leaders' actually possess !!
Thanks MikeSO2 !! I cannot believe the naivety or dishonesty so prevalent in UK politics, maybe I'm the one who is naive ?!! . The Guardian states today "......However, Labour’s shadow transport secretary, Louise Haigh, said airlines had long “played fast and loose” and ministers should “stop dragging their feet and give regulators the powers they need to stand up for passengers”..... whilst NATS is totally responsible for this cited £100m in costs. Labour look like getting into Govt soon, along with their idiot of a leader, and the Conservatives are bad enough with Rishi Sunak saying that the Airlines need to look after their customers, whilst in reality it is the fault of NATS. Populist motivations but it shows a deep dishonesty by not stating things as they are, that is the fault of NATS for a 'staggering' (IATA's Willie Walsh's description) cited error. If NATS have any honesty within their organisation at all, they'll offer to contribute compensation materially for this error. As the famous saying goes ' A true test of morality/honesty is when the right action is taken in response to a situation that legally doesn't require that action' !! Latter can apply to a person, organisation or country.... !!
Hi Clued,
Hope you're well, but guess be careful what you wish for............ just found out that NATS is a public-private venture, with both BA and EZJ in the mix of owners - get your mind around that one and if you're interested please see link below and simply go to the bottom of the page for full ownership details! Hope the information helps
https://www.nats.aero/about-us/company/
Why on earth does the Airline Industry have to absorb the damaged imposed upon them by the NATA - does anyone know please ? Is it because suing them would be suing HMUKG or is it some agreement that prevents them suing them ?
This is of a corrupt nature in my view, people have sued others for far less value caused by those others. Article on Proactive Investors today: "10:32am: Airlines face £100 million billl from air traffic control chaos
The airline industry will bear costs of as much as £100 million because of the UK air traffic control collapse on Monday, according to the former chief executive of British Airways’ owner who now leads the industry’s lobby group.
Willie Walsh, director general of the International Air Transport Association (Iata), said that 1,100 flights were cancelled and hundreds of thousands of passengers had their journeys affected.
He told BBC Radio’s Today programme: "We’re looking at costs in the tens of millions, probably at this stage – too early to estimate fully – but I would imagine at an industry level we’ll be getting close to £100m of additional costs that airlines have encountered as a result of this failure."
Shares in airlines which shrugged aside the disruption on Tuesdare have weakened today"
Covid spikes? Lol, its because US elections are coming.
Its like being a teenager again. Just when you think you're getting somewhere. you get your hand slapped.
So close, but simultaneously so far away.
Well that deals with that. It’s an excellent analogy and I think it will be the way most immunologists will look at things. Like I said before, we have to deal with CoviD in whatever format now and I’m sure countries and their scientists will be looking at other variants and how they can deal with it in the future.
Any reason why ! as I would have thought after yesterdays news the SP would have taken a hit. Not that I'm complaining I just don't understand this share one bit - every time i think its going to go up it goes down and when I think its going to fall it does the opposite - its driving me crazy !!!!!!!!!!!!
"Maybetoday
Posted in: IAG
Price: 166.15
No Opinion
RE: ROLL ON WEDNESDAY13 Aug 2023 20:52
Only thing I can think of is inflation figures are due that day.
He often posts to get a rise, just ignore and he’ll give up with the attention seeking"
These trolls are like fleas... we should take his own advice and ignore him. Scratching at him will just make him irritate worse.
I don't think this would be net positive for IAG. I suspect they would also need to raise additional funds to purchase any aquisition.
Let's focus on reducing debt not increasing it.
Brilliant put down
Lololol, whatever buddy. enjoy your delusions.
I understand your contempt Ian, sitting in your bedsit watching reruns of Top Gear.
I mean, it was likely that you and everyone else flying BA were trying to call at the same time, expecting special treatment becasue you're 'a big investor'?
Should have read the papers mate instead of wasting your time on hold.
Move on.
I was talking about the BA response you tool, it was impossible to speak to anyone or obtain further information on-line or in person. Not the exact response you would expect from a National Cartier.
So you’re whinging at / about BA for something completely out of control.
Ridiculous
If you were indeed a “big investor” then I’m sure you’d know enough about the airlines and appreciate yesterday had nothing to do with BA
Italy/Italian ATC had their own issues yesterday independant of the UK issues, so being in Rome would have compounded the effects of slots/delays. Nothing to do with BA, so don't expect any refund or compo.
Teddy100
"there is a big claim coming from me"
BA won't be offering competition as the technical glitch was out of their control
There has to be some kind of service recovery payment because this issue hasn’t been caused by the airlines.