Member Info for Bridgedogg1

Just an update on finance for phase 3 coming in next few weeks.

Have to agree the price points are way too low considering the ease of already established alternatives.

Takeover

Surely a tau river by Energean would make sense considering the payments they have to make us

Worth looking into Romanian law around insolvency. Other than bankruptcy there is only one other option - insolvency proceedings - into not quite as clear cut as the company has portrayed. They can’t just petition the court then dismiss whatever workers they like. In fact workers are the primary protected parties, before state and creditors. The main aspect is a Reorganisation plan - payment plan for the registered receivables that may stretch up to 3 years. Plans usually contain reductions of receivables, deferrals of payments and payment in instalments. Few reorganisation efforts are successful (i.e. a small percentage, perhaps 2–3%).

https: //cms.law/en/int/expert-guides/cms-expert-guide-to-restructuring-and-insolvency-law/romania

IMO the company cannot pay expenses at the project level and are entering in to restructuring to defer payments in the hope of the Swiss rescue package. Coming down the the wire now.

Tge cash requirement puts the gas discovery RNS in a new light. Maybe us was an attempt at a pre placing pump in tge knowledge that we had 2 dusters ..’elevated mud gas readings, indicating potential gas pays’

Got to be a leak about well?

A clear director pump with these spread out purchases. Probably with an eye to raise as much as possible in the knowledge that no one is willing to take on all the risk of an appraisal drill.

And if it isn’t comercial??

NTCD-M3 Worth over half a billion in North America.

XF73 one step closer to licensing deal with passport today.

Ok thanks

Would you lend money to a company that is going through court under the Insolvency Act? I think financing will have to wait on the dust to settle on this one.

Am I right there is scope for 1 more appeal for IM?

First of all it clearly states it’s just Belfast.

Secondly, a vote in favour of strike action isn’t a strike. There hasn’t been a pay offer yet and there are more meetings to come including today’s, therefore there may be no actual strike.

Thirdly, if it’s just a small short strike, is it likely to have a real impact on Harl operations?

The real concern is that there is a vote in the first place. Someone has dropped the ball and needs to sort it out.

If true then Harl would have been given 1 weeks notice of the ballot. Strange that they didn’t tell us and that no one has heard anything about it considering the number of people involved.

0.00001p

Thought there would be a lot of buying today with those who missed the RNS on Friday getting in, apparently not. Maybe we will have to wait for the actual sale/deal before any value is attributed to IM.

People talking about 'JW getting finance sorted' as if he could do anything to move this along. Lawyers, Gov departments and financial institutions will be holding this up. It will take as long as it takes.

"I expect to be providing a fuller update on our refinancing plans in the next few weeks". 15 May

Https://www.navylookout.com/harland-and-wolff-the-revival-of-a-british-shipbuilder/

https:// www.navylookout.com/harland-and-wolff-the-revival-of-a-british-shipbuilder/

Not much interest considering the potential value unlock of IM to Harl