Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Next week we will see two cargo ships arriving at Methil. As previously mentioned the Geervliet will be docking on the 27 August. Then on the 30 August the Greta will be arriving. I note that the Beautrident is still in port. All information is taken from here https://www.vesselfinder.com/ports/GBMTH001
I'll give JW another couple of weeks to pull something out of the bag here once and for all otherwise I'll be pulling everything out that I have in here even if it is at a loss and put it into something that will actually make me a decent ROI.
It's clear to me that the N.I minister's do not want Islandmagee to happen otherwise we would have had at least some indication long ago if the green light was to be given. I fear that they are trying to allow as much time as possible to pass by in the hope that they may find more justification to say no (whether that be environmental, political or with the hope that they believe there may be less of a need for it as time goes by) who knows? I may be wrong but that is the sense I am getting here about what could be going on.
As for the shipbuilding side of things what a disappointment from a shareholder point of view this has been. JW mentioned at the last placing months ago that the company was on the verge of a transformational change! And so far the only transformational change to occur is the drop in SP from 54p to 32p upon announcement of the last placing and an almost 50% further drop to 17.50p. If another placing were to be announced at this stage for whatever reason I would not be looking forward to how low that placing price would be.
I've defended this company many times and held the faith as many others have done but for me if nothing improves in the next couple of weeks I'll be off and I won't be back no matter what.
Hi mcadder - I understand your frustrations & I now find that my top up last week was too soon as the SP has dropped again.
I cannot afford to Sell at all costs so will just wait but my average is now 45p hopefully the SP will have recovered by the end of the year when I will need the funds for a planned extension.I have for now given up on INFA & no longer expect news in the short term unlikely in the next couple of weeks. Good luck whatever your decision.
Hi All,
Just a reminder of the last e-mail I received from DAERA which was on the 21st July 4 weeks yesterday & I may now send another follow up e-mail.It seems to me that DAERA are able to delay as long as they like in order to delay a judicial review response from INFA if the answer is no.
It is all very frustrating !!!!!!
PS I am now showing Hold.
Wed, Jul 21, 2021 8:30 am
DAERA Marine Licensing Team (MarineLicensingTeam@daera-ni.gov.uk)
To:you + 1 more Details
Good morning Mr XXXXXX,
I acknowledge receipt of your email.
Please be advised that your query regarding timeframes for making a decision has been drawn to the attention of the Minister.
Regards,
Marine Licensing Team