Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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danawinner In relation to your 06.52 post what makes you think the announcement will be made by Boris Johnson. It is equally possible that it will be made by the Secretary of State for Defence.
Hmmmm......, I wonder how long until the 'big contract' is announced by Boris.
I suspect it won't be long now......
IMHO DYOR etc
ThisTimeNextYeer In relation to your 20.07 post of yesterday a very interesting speech. I note that Belfast, Appledore and Northern Ireland were all mentioned in the speech. I would like to see these words translated into concrete actions.
Cheers for the St Paddy's wishes Si. . . . . and here's a wee St Paddy's day blessing for chums on the page here.
May your pockets be always heavy, may your hearts be always light, may good luck be with you each morning, and stay with you every night.
Good read, TTNY. Thanks for that.
Happy St Paddy's for tomorrow. :)
TTNY great link many thanks
Chitta, meridian maybe?
ThisTimeNextYear - thank you for your posting of the link to todays conference which I found very interesting.Clearly the Government wants to use its spending power to re-invigorate UK shipbuilding & that by definition must include H&W based in Belfast.All to play for.
I've pasted below the link to the defence secretary's speech at the SMI conference today. It gives some more information on the National Shipbuilding Strategy.
I won't summarize it here, but will say it's worth clicking for a read.
One part of the speech however i liked and will refer to, is where Ben Wallace says 'more broadly, I want us to create local hubs of expertise. So that the ships that leave these shores aren’t simply famed for bearing a stamp saying “made in Britain” but for the stamp that says Belfast or Birkenhead'.
Nice to also see the word 'Appledore' in his speech too. I wonder can we read into that reference a bit further ? ?
https://www.gov.uk/government/speeches/a-speech-by-the-defence-secretary-at-the-society-of-maritime-industries-annual-conference
Loose goose.I too have a strong suspicion that some other company is about to take a sizeable chunk of the island magee project.H and W will get the majority of the salt caverns engineering work and another company taking over the project with infa keeping a percentage makes great sense with the sale of the percentage financing the shipbuilding and turbine etc aspect of infastrata .The island magee and Barrow regasification vessel will need significant funding and whoever funds the projects will want the majority stake.Something major is playing out here and this fits with my theory that the ML has been about stalling until the incoming funder for island magee is ready with its own end of the plan.The ML decision fits with my thoughts on who the suitor is and there timeframes.
Cross typo
Find out soon enough imho when they cor the threshold
Capdevila11 In relation to your 16.48 post possibly somebody who was at the SMI Conference this morning which INFA was one of the sponsors of.
Gosh I'm not sure. Perhaps it's someone or a corporate entity that wants to hold lots of shares in the company because they think it is a good investment?
Schlum, yes agree. The NPV of the gas project @10% discount rate was 141m. @8% it was 222m. Selling 75% or 85% of the project would be big numbers.
Someone is loading up big atm imho
Well I wouldn't want to be out of infra news pending imho
Well I wouldn't want to be out of infra news pending imho
IsleofMagee?
I have briefly been through the Integrated Review (112 pages) & agree with other posters we have to wait but see page 102 -
'Develop the next generation of naval vessels, including Type 32 frigates and Fleet Solid Support ships, and deliver our plans for eight Type 26 and five Type 31 frigates.'
The above is all there is of any interest to us but it is not new.
Can anyone who has level 2 access give an indication of the possible direction of the share price. I note that after the damp squib of the Integrated Review statement the share price appears to be holding. Is something else going on?
So essentially wait until Monday. Apart from the White paper content, I am hoping to see news re Appledore contracts and also T31 work being signed off to H and W.
I was hoping for more specifics on areas (i.e. northern Ireland) getting navy work as part of levelling up....not forthcoming yet.
You can also get an audio of the statement from this link https://jumpshare.com/v/FOTTnX41tmSB2E8EuUPA as far as I can see it was just 10minutes of waffle with details coming in the white paper on Monday. Not sure what the point of today was.