Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Really hoping to hear something by the 30th tbh. Not saying we are anything like KOD but we seen what serious investment has done to their share price this week. The same will happen here in my opinion
GLA
3 weeks to go.. will we at least know who they're talking to?
The latest auction for leasing rights to the seabed prompted fierce bidding from energy companies, including giants BP and Total.
https://www.msn.com/en-gb/money/other/king-charles-to-hand-back-millions-in-wind-farm-profits-to-the-nation/ar-AA16uCGa?ocid=msedgntp&cvid=26dbad097d88459dbf8ab4b9cbf5d5db
Huge potential here. Happy to sit and wait
Suthy, as someone who wasted 2 years in QBT, I have no doubt FG is getting ready to do your placing, like he does every time he ramps QBT with empty promises. A total fantasy lifestyle company. He’s been liquidating companies behind your back and even has previous shareholder disputes against him, yet you worship his dirty feet and have the cheek to come here and try give financial advice to successful and respected investors?
I’m very happy with my Tekmar investment. They’re winning contracts daily, have a big expansion plan, cash at bank and the Directors have used personal funds for skin in the game. Poor Suthy for missing such a great opportunity.
DSFALT - boring , stop trying to ramp this dog
Scotland has 38 GW of offshore wind in its potential pipeline.
When added to projects in operation, under construction and awaiting construction, this climbs to over 40 GW, the equivalent to producing enough electricity annually to power every home in Scotland for 17 years, or every home in the UK for over a year and a half.
https://www.offshorewind.biz/2023/01/13/scotland-has-40-gw-of-offshore-wind-in-the-books-draft-energy-strategy-votes-against-nuclear-as-offshore-wind-proves-to-be-cheaper/
Suthy, when’s the placing happening at QBT? Did you get the settlement for the land dispute yet? Where is FG’s missing £30m? Where’s the patents? Dreamer mate. TGP multibag en route, Suthy is just another hater who got locked into a dog share and is bitter, so wants to bash other shares. Quite a sad pathetic gremlin.
Porter- don’t worry, this dog will give you more chances to average down
Wrong board? If only UK finance came to the rescue? You can't build anything without lots of money....
We can't hold on to a pilfrering wind turbine contract,let alone taking on any more work.All of these potential european projects will be be met by euro companies with a good financial base.Harl have yet to secure funding for anything let alone extra projects.All the promise Harl has got is yet to be signed off.Don't run till you can walk.
Could be Siemens but I do wonder if one of the big cable manufacturers may be trying to get exclusivity to thier product like NKT or Prysmian
More potential work, up and coming.
hTTps://www.offshorewind.biz/2023/01/16/orsted-applies-for-four-more-permits-in-sweden-planned-offshore-wind-projects-now-total-18-gw/
Thanks MM’s for the opportunity to average down. I thought the chance was gone! My guess is it’s Siemens who are in negs to fund the company growth. A company like that are a force to be reckoned with and one of the biggest players on the market atm. If a company like Harl who are seriously in debt and can’t hold onto contracts can get funding for £75m, imagine what Tekmar can raise with their debt free status, a series of patents, £mn’s of cash at bank and project runway which could reach as much as £100m the way they’re going. This is a strong hold for me :)
How long does this "investor" require to make a decision 60 days +14'and maybe another 14!
15.35 to buy now, this could slip 40% today?
It’s not sure shares as stated and any investment will be welcomed I’m sure. Need to look at the bigger picture here. Not short term
"and would not result in an offer being made for the Company's shares but would represent new capital investment, at or around the share price at the time exclusivity was granted in November 2022"
So priced at around 8/10p , i would hope not 7p.
The wait continues
Update on Formal Sale Process and Strategic Review Process
On 17 November 2022, the Company announced that following a review of the proposals received, a preferred partner has been granted a 60 day period of exclusivity to carry out further due diligence and finalise its proposal. This exclusivity period has now been extended by Tekmar for a further 14 day period, with the mutual option to extend for an additional 14 day period if required, to allow the preferred partner to complete its due diligence and finalise its proposal.
Looks like we’ve all been burnt with QBT. Those buying in now have no idea how debt ridden FG actually is and how he makes money go boof. Hopefully Tekmar will be the one that makes it all come good for us :)
I waited 15 months for Qbt to decimate my holdings. I can't wait too long unfortunately
I still think this shares well under the radar of most investors. Happy to wait here for the ££’s
Hopefully we'll know tomorrow. The sp should be much higher, even based on net assets alone - 40 millions on the balance sheet. The massive sell off was driven by the fear that the company was on the brink. I don't think that investment companies would be throwing 600k on a risky bet. The lack of conversation here is interesting, no constant sp manipulation via ramping/deramping as the instutions hold all the cards.
Well todays the day. After 60 days of waiting we have finally arrived on D Day. I really hope the investment deal and been signed off and hopefully this week we will see the RNS that states the plan going forward.
GLA
November 17th 2022
Following a review of the proposals received, a preferred partner has been granted a 60 day-period of exclusivity to carry out further due diligence and finalise its proposal. The exclusivity period relates only to alternate debt or equity financing proposals and, for the avoidance of doubt, does not prevent an offer being made for the Company by a third party under the framework of the Company's formal sale process.
The proposal being considered represents a strategic investment from a global institutional investor in the energy sector, which would provide funding for the Company to follow an ambitious plan for growth, both organically and by acquisition.
The proposal being considered would not result in an offer being made for the Company's shares but would represent new capital investment, at or around the current share price, and would allow the Company to retain its admission to trading on AIM.
There is no guarantee that this proposal will be completed, and further announcements will be made as required. If the proposal is successfully completed, then this will conclude the Company's strategic review and formal sale process.
Hopefully hear something Monday either way