Member Info for BlairPeach

Si_Derman,

If you believe that IM is dead, why on earth are you still here?! Without IM, this company is finished; it may well be finished anyway, but I am still ascribing a 50:50 chance for IM to succeed in some way, hence my remaining. I believe the market cap reflects that 50:50 chance (as well as a value of zero for all the other "assets").

Just wait until the delayed results come out...

Consuela,

One would think that Riverstone had done their due diligence, prior to taking the Islandmagee project as collateral for the debt facility?

Consuela,

Would you kindly be less cryptic and simply spell out what it is that you presume to know about the Islandmagee project?

How was the golf?

Sounds to me that the auditors won't sign off the accounts, due to going concern risk.

I am concerned that the politics have moved against the gas caverns, writing as someone who invested in Islandmagee storage 4 years ago, on the premise that the project was "shovel-ready", which turned out to be a blatant lie...

RazorSchultz,

It's called the real world, one in which costs exceed revenue and the company is only kept afloat by a combination of debt and the continual reaming of share-holders.

RazorSchultz,

Rather than insulting me, why don't you answer the question, as perhaps the biggest cheerleader on here?

I remind you that I too am a long-term shareholder.

Si_Derman,

Exactly. The cheerleaders on here still haven't explained to me the ingredients of the secret sauce that JW must possess in order to make money out of those yards, something the grown-ups (who actually knew what they were doing) were unable to do for decades. A quick oil-change on the odd ferry or cruise ship is peeing in the wind.

Is the penny finally starting to drop? JW's attempt to trade off the back of "160 years' of experience" (sic - I wish someone would get rid of that superfluous apostrophe) is a joke; this company has no track record of producing anything, other than fat bank accounts for its directors. Building battleships? These guys couldn't play a game of Battleships.

For viewers watching in black and white, the blue ball is the one next to the yellow.

Lottie123,

That level of personal attack is unwarranted in the extreme and reflects far more poorly on you than on your intended victim.

As for the rest of your post, what a load of self-aggrandising cobblers; you are here to make money, the same as every other investor (including me, for the record).

Save the faux-altruism for Facebook.

Lottie123,

What's the positive?

Lottie123,

When were we informed that cash break-even had been achieved?

Nobby31, I think JW knew exactly what he was doing in acquiring those infernal yards - and it had nothing to do with building ships...

Lottie123,

"They have the cash". Yes, they have the (borrowed) cash to keep the lights on for another 6 months or so, that's about it.

Lottie123,

I didn't offer any insight.

Chrisatrdg,

Why is this a game-changer for H&W? Have you misinterpreted the article posted by LSE03?

What have grants got to do with the terms of the debt facility?

Can they sell IM whilst it is hocked to Riverstone? If they do sell it, presumably the debt would need to be repaid in full, at God knows what terms? Then the company is bust anyway.