Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Thanks Chris at least we know what they are currently doing on the Victorine
“ Repair and refurbishment work on the ramp also fire suppressant pipes replacement in the engine room at present .
jfk9 ref 14.29 post the main problem is that we have poor visibility on what contracts they have and are left with piece together what is going on. We are due a trading update at the end of September I am not sure how informative it will be.
Fairpoint Stokey, but not sure I entirely agree. Before H&W acquisition they had a very small staff and could have kept an eye on IM, at negligible cost. Yes, they have some sizeable contracts but also large costs and liabilities. The languishing sp infers that investors are skeptical that those contracts will prove profitable enough to deliver a return to shareholders, though of course this is Aim! Time will tell, no point bailing out now!
Harland & Wolff Harland & Wolff 16,542 followers 17h • 17 hours ago
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'Work on the Victorine continues in Belfast, where our very experienced and expert team are delivering a quality service.'
#madeinbelfast
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Edit: Great picture plus they have added in the Azura - is that a hint?
The Old Boy Network plays a massive part in this game as ever: with BAe etc involved when did they last build an aircraft, sub or ship without cost/time overruns?
Thanks V much Stokey
NigelHaemoglobin ref 13.40 post If you Google Fleet Support Ship Contract Notice one of the links is for tenders-uk. They have the link to the full contract notice which is 4 pages long. The dates are in there.
jfk9 ref 13.21 post I will not hesitate to call the BoD out if I feel they deserve it. I agree that they may seem to have made some missteps that have contributed to the current share price. That said it is my view that you are wrong to say that they should never have touched shipbuilding is wrong. If they had done and just waited for the IslandMagee project then a) It would of missed out on a minimum of £30m in income. b) Would have ceased to be a going concern and be liquidated.
As things stand with the BoD's strategy we have the £26m Saipem 1 contract with a good chance of getting the £43m Saipem 2 contract. I would also point out that there are additional items of work that is being worked on. Also more fabrication of wind jacket work that would be of higher value than Saipem contract that INFA will win due to the fabrication footprint it has.
Very good research Stokey, how did you find those dates? Fascinating stuff!
The next instalment on the purchase price is due tomorrow. Part of the instalment is the equivalent of £300K in shares so it looks like around 1.5m shares will be added to the issued share capital tomorrow.
Brave man Lottie! I’m now sick of chasing this dog down, I’d be happy to eventually cover half my investment back. The BoD are a shambles, should have never touched ship building and just sat on the salt craven project until approved for gas or hydrogen storage.
Just added again, this time at 17p. Strange games being played. I guess AIM investor's should expect this type of behaviour from MMs. It is not like the primary markets. Hey ho, still putting money to work and remain 100% committed.
I see that Sir Jeffrey the local MP for H&W (Belfast). Perhaps he could persuade the Cameroon government to buy some ships from H&W.
SpudTP posted at the weekend about the upcoming RN contract.
There's nothing new on this in my link below other than it's being talked about in the Belfast Telegraph too (N Ireland's biggest daily newspaper.
https://www.belfasttelegraph.co.uk/business/northern-ireland/h-and-w-eyes-30m-contract-with-royal-navy-40780403.html
And guess what it will show as a sell ,mm games for a while now imho pending news I think sit tight
and I’ll still be sitting on a huge loss .. the end game seems to be moving further into the distance … i’m hibernating until the end of next year when hopefully we will be full steam ahead on the Storage Project, building ships and off AIM
Hi Folks Time to be positive my feeling is that the SP will at least double from where we are in the next 6 months & on that basis I have just topped up adding 5,966 shares at 17p cost before charges £1,014.
Stokey exciting week if we get anything from this imho,topped up this morning final one maxed out in isa now ready gl.
I was just looking at the Contract Notice for the FSS Contract and the next three stages of the process are
5. CPP Bid Submission Deadline: 23rd August 2021
6. CPP Contracts Awarded: 27th August 2021
7. Manufacture ITN Issue Date: 27th August 2021
These are indicative dates so there might be slippage. But if matters are running to schedule we should know by next week Monday if INFA has got pass the first stage.
You are probably correct The East however the interest was in job description rather than Title
Yes, I'm not sure the recruitment of a Project Engineer is overly exciting, more worrying that news like that is deemed exciting...!!!
Or top of the cranes Blair lol!!:),wait and see ....
stokey12,
If the Company had anything material to announce, they would be shouting it from the roof-tops.
INFA has been "recruiting" for years.
Oldtramp ref 10.28 post I wonder what these exciting projects are. I reckon that if INFA said more about what work it had the share price would not be so low. The PR department needs to be saying more about what work is going on across the sites.
Oldtramp ,well spotted