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Not aimed at you at all FG! just at the drivel spouted by tuan6 at 10.37

It's always been illegal to spread disinformation to promote racial violence, and rightly so

I agree Chris, though it remains the case that there is no advantage at all to Riverstone in liquidation, selling a going concern is much more likely to repay their debts than a firesale of the yards minus the FSS contract.

The elephant in the room in all the discussion on here remains the FSS programme, which is work of huge strategic importance. The govt is not going to pull the plug on it, and the subcontract with Navantia very much remains in force, as do the £77m commitments to upgrade the yards as far as we know. There has been, conspicuously, no word at all from Spain about current events beyond Jonathan Reynolds statement that he is in talks with that company. Surely the obvious buyout partner for HARL is Navantia UK - which would keep that programme on track, give NUK access to the scottish yards for their offshore wind programme and protect their investment in Belfast and Appledore. Debt (plus shares?) probably not a huge price to pay for that capacity and consequent access to UK market. Would the pro-EU govt allow it? Despite the Spanish Armada takeover headlines in the Daily Mail I would guess they would in order to preserve jobs and keep FSS on track without having to unpick the deal legally or see all the work go to Spain. Certainly if I was Rothschilds/Riverstone/Reynolds, that is where I'd be looking.

Just desserts

I agree small change to him, but why do it if you didn't have a serious interest? If he is committed to building Titanic 2, which appears to be his retirement plan, there is obviously no better place to do it than in Belfast, worldwide PR immediately sorted.

Tend to agree although counter to that is Palmer’s decision to buy a 3% stake recently, which suggests a degree of intent, or at least a plan.

Siphoned

Are you going to keep posting that message every few hours?

Anyone in touch with sympathetic MLAs who might raise this in the Assembly and beyond?

Music to your ears FG:

https://www.bluestarline.com.au/rolling-stone-billionaire-says-his-long-delayed-titanic-ii-ship-will-be-antidote-to-woke-politics/

No advantage at all to Riverstone in liquidation. Why would Palmer buy a 3 per cent stake if this were the plan? The money to pay off the debt is smallish change to him - He’s just turned 70, the Titanic II is his fantasy retirement project, building it in Belfast does all the marketing work for him. He hates taking no for an answer. Board would be negligent/corrupt in the extreme if they did not entertain his public demand for a meeting/offer.

You sound a bit rattled by the idea connie, can’t get your words out

Surely NI politicians should be welcoming Palmer with open arms - what better way to secure jobs and revitalise the Titanic quarter than to build Titanic II in Belfast.

More detail on palmer plans here

https://amp.theguardian.com/australia-news/2024/mar/13/clive-palmer-titanic-ii-relaunch-plans-sydney-opera-house

Are you all right FG? Keep cool and drink plenty water

It feels more and more like a pause in the business rather than an endgame - as we know administration is a disaster for the Americans, I wonder if a leaner, more focused Harl is being created perhaps with Navantia UK ultimately at the helm

Does occur to me that Navantia UK may be obvious t/o. Always been noted how their interests are aligned what better way for them to get a chance to bid for navy and offshore contracts in the Uk than to buy their partner for the cost of debt and hopefully a few shares - perhaps that was the plan all along - would certainly explain that curious “transfer of technology” scheme

Flack is not a player here, just some mischief from Sunday times

I think that probably is true with two caveats: i) that the government, which is party to the talks is still making noises about preserving jobs and shipyards, (and would be foolhardy to see H& W broken up in the current international relations climate) and Ii) Riverstone are about to pump another £20m of debt finance in - neither wholly aligned with haircuts and firesales imho. Tomorrow will tell.