Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Forgive me if I'm wrong but that looks like a trading spread broker reducing their holding on clients behalf???
Morning Bluetoff,
Original holding after consolidation 1,892,857
After RNS 2,607,144
714,287 extra x 35p = £250k
Bluetoff, if it were just the placing effect the % would have been more than 0.9% so one can assume they were apart of the raise IMHO.
Hi Pacman,
I question whether this Spreadbet holding is a new one or just a change of existing holding? Either way it is a major holding!
Regarding Grant Mcburney, Maybe INFA are expecting the granting of the licence to be appealed by the protesters, so having the relevant experts on your payroll will ensure any objection is either quashed or dealt with correctly- Then again it is taking it's time so maybe employ someone to chase it while you focus on building the business. No News = no idea................
Yes, added £250k worth
RNS out ,another holding in company ,signs are looking good I think as they progress on different fronts
Is this a clue - 'judicial reviews' ?
Grant McBurney has significant experience in judical reviews of planning decisions, as well as advising on planning applications. Clients describe him as "highly professional and very efficient."
https://www.carson-mcdowell.com/what-we-do/legal-services/practice-areas/planning-law
Think we’ll see some movement soon, nearly all trades over last few trading days are sells despite LSE reporting, difficult to buy anything this morning, so expecting movement north soon. GLA
Great find & not surprising but no RNS yet.The link to the Marine License application is below & how many have read it?
https://www.daera-ni.gov.uk/sites/default/files/consultations/daera/updated-2019-application.pdf
In addition the following is the link to all documents surrounding the ML& how many have read the other sections I for one have not but it is all highly detailed:
https://www.daera-ni.gov.uk/consultations/islandmagee-gas-storage-project-december-2019-consultation-ml-2812
I am still showing as Strong Buy based on the value attributable to H&W.
Regarding Carson-Mcdowell, I note Daera marine license register is still showing "under consideration", so why employ environmental and planning law specialists?
1. ML granted pending judicial review?
2. ML not granted, to be appealed?
3. Daera/consultee objections?
Either way more delay..........
Interesting to see this Northern Irish legal firm have been recently appointed to assist INFA in the ML process:
https://www.carson-mcdowell.com/what-we-do/landmark-transactions/carson-mcdowell-advises-infrastrata-plc-on-marine-licence-application
Grant McBurney is the relevant partner:
https://www.carson-mcdowell.com/who-we-are/our-people/grant-mcburney
Yep, JW has been amazing with his visions on where to steer the company. Wait for the ML to land, and for news of us landing contracts alone and bidding as Team Resolute
Petelutton. I'm sure you are not alone regards IM investment. Unfortunately we must all be patient until DAERA "recommends" the ML (glass half full me thinks)! Where would we be if JW had not bought H&W?? Not a pretty place either. In these most uncertain times, at least JW's diversification provides hope of greater return on various fronts. I was deeply angered at first but have accepted the status quo and will, once again, wait patiently for my investment to bear fruit! The link provides an interesting Spanish perspective on last week's FSS competition news. Use Google translate to read in English.
https://www.diariodeferrol.com/articulo/ferrol/reino-unido-reaviva-debate-torno-concurso-fss-participa-navantia-junto-harland-wolff/20200805232618285837.html
related link:
https://www.vesselfinder.com
.....is shown to be moored by Viking Sun,just outside the Building Dock ..she is a UK Registerd Chemical Tanker .Will be interesting to know the intentions.
I happened to be reading last eve about the horrors involved in decommissioning ships and Rigs on the NW Coast of India and Bangladesh ..no hint of and compliance with either H.R. care or environmental considerations.
With all the redundant Rigs from the N Sea and Covid related scrappages and the fact we are fully licencensed and compliant that should be a money spinner ..though the problem could be capacity ,namely say we could accommodate a large rig in the Building Dock ,then we lose the capacity for the "little" ships to come amd go and have their "tyres changed" ...Upon second thoughts best to build modules for the Type 31's or even a FSS with Navantia ?/All to consider and play for here !!
Not to contend BP's points for the moment, free speech is welcome: but to comment on the 'tone' of the post.
All of the classic hallmarks of a grossly underwater retail AIM investor exist, completely desperate for news on an hourly basis and dismissive of further deployment of company fiscal resources ie placings.
Few if any AIM companies are safe investments and none of them are defensive unless entry timings are perfect.
I notice Michael Gove was n Northern Ireland yesterday. Wonder if JW got to have a natter?!
It's been suggested BP that your posts tend to be on the negative side a bit more often than the positive but this was a good post expressing the reasons for your concern. It's good to have a balance of views as sometimes (and I can be guilty of this too) we're maybe searching too hard to find potential positives without looking at the bigger picture.
I strongly disagree with you though that H & W only has scrap value. If it was going back on the market again now(and even with a limited number of possible buyers) I believe it would certainly attain a higher premium than INFA paid for it. The real value of H & W will be if/when the ML is granted and that value is to INFA as a company themselves in the reduced costs of fabrication and construction on the IM project that H & W will provide.
I agree public money will boost H & W if it comes in but hopefully H & W will be self sustainable.
The game changer and best hope of a multi bagger is defo IM. Theres scary potential for growth here if JW can pull this one off.
A very good post , Blair Peach. The only way H&W may prosper is through an injection of public money. The same goes for the Islandmagee project, even if the Marine Licence is granted.
Momentum is a crucial element in all share dealing and especially in AIM shares. At the moment that is lacking. And yes the shareholders should be asking for some solid information.
Given that I got dog's abuse before even posting, I really couldn't be bothered!
I have nothing positive to say about the purchase of H&W; as I have always maintained, the only chance of its survival will be in the form of public money, however it may be dressed up. Perversely, circumstances may have increased this likelihood. I have experience of shipyards and shipping, albeit somewhat oblique, it is incredibly difficult to make money from a facility like H&W without public backing. I also refute the claim that INFA got H&W for a steal; valuing such a facility is incredibly subjective - how, for example, would one value the cranes? To me, they are worth scrap value alone. H&W will be bleeding cash at the moment, changing the tyres on the odd ferry or cruise ship isn't going to cut it. There is a reason for no news...
INFA, for me, has always been about Islandmagee. I have to remain optimistic that the marine licence will be granted, followed by an injection of public money for this "shovel-ready" project. Again, current circumstances make this more likely, although the more time drags, like everyone else here, the more concerned I become about the granting of the licence. Remember that 9 short months ago, no-one here would have imagined that INFA would buy H&W and we were all invested in a potential gas storage facility. It seems that the focus here has moved away from Islandmagee when, in my view, it is the true prize.
I don't know enough of the FSRU project to comment, although things seem to have gone eerily quiet on that front...
The lack of formal communication from the company is nothing short of a disgrace and is contemptuous of the shareholders.
You never did respond to that challenge to say something positive or even a little positive about INFA BP. Go on, give it a go, I think you could do it.
Any chance we could have that article again, in English?
Sea-miles ,thanks for link he's certainly on the ball isn't he !,lots of news to come ...anyone received their allocated shares after consolidation?
For anyone who isn't already a reader of "Drydock" magazine ;~)
I assume his reference to Armegeddon relates to the anticipated volume of work by year end.
htTps://www.drydockmagazine.com/waiting-for-armageddon/