Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I believe that todays SP reflects a view following yesterdays presentation that the ML is at best 1st or 2nd Qtr next year if so the current SP reflects H&W both sites & we can build from now.I see more vessels soon & a major (RNS notified) contract 1st Qtr next year based on my view from last night.All to play for.
Any more thoughts shipmates?
I think waiting up to 6 months for a major contract is way too long, wages must be min £1m a month then there is running costs, empty yards don't pay the bills. We need something substantial within the next month AIMHO.
Chrisatrdg In relation to your 13.41 post I think that the share price has not moved because they are still studyng the presentation and Q&As. I agree with you about he timing of the major contract but would not be surprised if we get something this year. I remember that JW looked at the CFO in relation to one question as if to ask what can we say so they obviously were aware of something but did not want to say anything yet. Some AIM CEOs would have been waxing lyrical last night so it is a credit to JW that he kept quiet on confidential information. Having said that I think because he did not the analyst could not work out how much revenues would be going forward. It would be interesting to see how many of the new ship builds INFA does get and what the contract sizes are.
I think our best hope is wind turbine contract this side of Christmas, FSS Spring and we have just loaned money to a country to build 3 ships and UK build the first one (forgot the country), lots of MOD maintenance work also to bid for.
Then there will be the fishing vessels and support ships for border patrol and servicing turbines, there is a lot to bid for and two empty yards is a positive to potentially win a couple.
Tango ,very try plus the gas terminal they have at Barrow ,they didn't spend 6 million for no reason imho ,offshore there is approx 600 wind turbines ,there's enough land next to terminal to accommodate repairs etc,an opportunity to buy in low atm .
"they didn't spend 6 million for no reason"
Bubble, they didn't spend anything. Payments were defered til FID.
Si,apologise there thought it was paid for
Wont stop me adding to my holding tomorrow though Si