George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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I've been researching the derampers tonight pacman ;0)
Only messing with you, my first rule. Research the researchers.lol
You sound like a Diane Abbott voter Stokey......hmmm why are you called Stokey?
Bubble2021 In relation to your 18.53 post I have absolutely zero confidence in anything Boris Johnson says.
spudl'idraulico!
perché hai due account Twitter?
What did boris say at Appledore have a look at news on his visit or watch the report ,might give you a clue to funding /apprentiships Tec ...
If I recall there is an offtake agreement in relation to Islandmagee so there is a confirmed revenue stream for it so if it cannot be financed from HMG grants could it be financed by 100% project finance rather than an equity raise. I know the CEO has suggested foreign investment but any such investment above 25% would lead to a notification under the National Security and Investment Bill/Act leading to a delay.
The FSRU has gone quiet I am not sure that it is still under active consideration at present. In relation to general business expense if contracts are structured so that there is a significant upfront payment that could relieve the pressure on the finances which is why I am not convinced about a further cash raise.
Good post TheEast. There are indeed many positives. Let us remember that despite the yards being 160 years old, this is like a startup and cash flow will always be a concern. I would hope that at some point sooner rather than later we can get some decent debt finance. If not, there might need to be another raise but considering the long term potential we are sitting on here I would prefer not to be trying to time the markets no I prefer to sit and wait until the contracts start rolling. 1.5m per month for cruise and ferry at Belfast helps, but it is not enough. I believe that the Saipem work at BiFab remains open. We are mere weeks away from DAERA making a recommendation re the ML. I believe the Triumph LOI has a bit more legs than most give credit. With such a low market cap and assets in place we could be in for a big bounce on some decent news and the seller/s being out. In the meantime I top up when I get the chance.
If we get the ML and then fid that will give us £15M, So not in agreement with a cash raise on top of the £17M already raised.
Hi All,
Good to see some differing opinions.
My view is that we will certainly require more cash raise to pull off any contract of reasonable size. We don't have a huge amount of cash in the bank v our overheads which leaves very little room to execute tenders of any meaningful size. Big contracts will require big cash flow requirements, and whilst some of this will come from various financing facilities, we'll still need to put up something meaningful ourselves. We're a small company with very little collateral, so should be aware of the cash that will be needed, all in my opinion of course!!
Very relaxed about cash raises as long as it is on the back of some news and an accompanying appreciation of share price so dilution is minimised.
Also very relaxed on where we are at, Appledore is good to go, Belfast is already churning successfully through work and we could not be primed to go better than the wider geo-political landscape- huge investment in and scaling up of off-shore wind, a worldwide cruise industry having camped out for a year ramping back up with associated influx of maintenance etc, massive investment in oil and gas wind down forthcoming, govt making the right noises about defence spending and finally a recognition that a ship building strategy is needed, along with a stated aim of turbo charging UK ship-building. Levelling out the regions is gaining momentum and we are located in prime areas needing that so we'll have continual cross-party political support.
There is an awful lot to be confident about, just won't happen overnight.
Cash will be needed but is all part of the growth story and hopefully will be one of the few good news stories about UK heavy industry!
Cheers
TheEast
Nice listing of assets here
https://www.oedigital.com/news/485259-infrastrata-buys-bifab-assets
Normally a company would not increase capacity until they were at 80% utilisation, For INFA to purchase 2 more yards because of capacity must be there are serious contracts on the horizon-And that's just Fabrication, it's a fact the cruise industry is going to be gearing up shortly, I see Carnival are looking at June for their first cruise. It is going to be a run of contracts shortly as dry docks are a very finite asset.
Sadly spud, the selling is still significant. Only time will tell. Lets hope the buying continues, if not, the seller may take things lower.
Some chunky buying at this level, once Gresham finally clear out we bounce imo
Dflynch you are absolutely right there
Chrisatrdg In relation to your 17.17 post this was my reply to the H&W tweet on this https://twitter.com/i/timeline
Status is reachableJohn Wood• 1st
CEO at InfraStrata Plc. H&W (Belfast) Ltd1h • 1 hour ago
'Great work from the Harland & Wolff team in Appledore, the gates are starting to be returned to where they should be.'
https://www.linkedin.com/feed/update/urn:li:activity:6767097235114082304/
Edit: Great picture of the gate ready for installation.
The review will conclude on 24 March, but Crown Estate Scotland has not set a new date for the start of the auction, which was due to begin next month.
Amanda Bryan, the chair of Crown Estate Scotland, said the “unprecedented outcome” of the auction for England and Wales “has, overnight, changed the market dynamics around offshore wind leasing, and could have significant implications for offshore wind development in Scotland”.
https://www.theguardian.com/uk-news/2021/feb/12/queens-property-chief-delays-sale-of-scottish-seabed-windfarm-plots
Dflynch. It seems the route will be more circuitous to avoid potential bangs!
Never mind the porpoise, crustceans etc, wasn't this area the dumping ground of excess explosive post WW2?
Posting on LinkedIn by Triumph Subsea Services Ltd - all very interesting.
13 hours ago
'Europe's target 450GW of offshore wind by 2050. Puts the size of the task ahead in perspective. The new target is now bigger as the EU considers 60GW by 2030 and 600GW by 2050.
And these are just Europe's targets.'
#offshorewindfarm #offshore #subsea #technology #energytransition #windpower #netzero #energy #renewables #zerocarbon #renewableenergy #offshorewindenergy #energy #renewablesenergy #hydrogen #greenhydrogen #blueeconomy #greenfuture #greeneconomy
https://www.linkedin.com/feed/update/urn:li:activity:6766632155117441024/
Edit: Great presentation on wind farms.
This play is all about those assets and a possible contract. Not without risk..but we all know that.
You will see Stena Edda has finally left the H&W dry dock & has been having sea trials today based on its recent movements.All good news & we now await the next Stena ships into dock.
https://www.vesselfinder.com
Chrisatrdg. In your linked twitter pic could that be JW or Bojo in the red boiler suit? They both have much to gain, reputationally speaking, with Appledores relaunch!