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So, there will be some cutting tests probably over the next week followed by disassembly and then transport to site. I have three question
1. What needs to be in place for it's arrival, how far left to dig and time scale to completion, when will the shaft floor be cast and all the hoists be installed etc.
2. Will it be shipped the same route the TBM was as I don't know the logistics of there location.
3. Does it get lined with segments and if so are we making them. I think it is a mixture of materials depending on geology.
I know this is a Q4 item but it would be good to see it start early but l think there is still a lot to do before we start this in anger.
So most of us are further under water but for the first time in a while I am not that bothered as there has been no RNS from the company so no news leaked (I presume) so perhaps a fund or two have decided to off load some shares for the next big thing. Will we ever know and do we really care. I have bought more this week and probably buy more next week when I get paid it will not knock the SP back to 20p but it will be a couple of thousand more for the dividend when it happens.
Have a good weekend.
OM, could you provide a list of private funded large projects of this magnitude that you know of that have went over budget/time and needed a government bail out. Not an old failing business but a new business something in the last 10 years will do.
" he hasn’t failed in achieving the stage 2 funding" but not delivered it yet either. Now split into more phases with condition for each, even the final RCF is split into more parts. The SP at 15.38 says what the market thinks about it. The only good point if true is that JPM approach SXX with a solution so they must be confident of getting it over the line but sadly not to the share holders benefit.
Thanks for the comments, so in the grand scheme of things we are not asking for that much and offering a decent return. The only difference is those two companies are making money.
I have a few questions regarding the bonds and hope someone can clarify.
1. Do we know when they will be given there actual rating "B" or what ever we get.
2. Is the bond market similar the a stock market in specific to a region, LSE, NYSE, DAX or more global like currency
3. What is $500m as a percentage of the "B" rated bond market.
Cheers
If all things go well and they decide to run with two TBM's what do we think the total saving will be, I have listed a few things below but please add.
TBM circa £30m
Lockwood Beck cavern works ?
Transport of segments to Lockwood beck
Labour and Running costs of 1 TBM
$120 in 2030 I think we are getting more at first production. What is it being sold for right now??
So it is $106m but the total is $644m so about 16% of the total bonds
Myo, I believe the offer period closed on the 23rd May the same day the open offer closed.
No rush you have 12 years to decide.
Short tracker also state that they may report the short at 0% but that it may not always be the case. so they may still have 0.49% of a holding.
Does anyone know why this buyer has not had as much press as the rest, does the market think they are not here for the long haul but will off load as the SP rises while the others will probably hold until production and beyond (I hope)
Try the Kraft Heinz BB there may be some there
I think anyone that was on this last night knows who you are talking about. 12 years lol
Myo, I thought one drive one was complete they would start the fit out of that section and transport ring sections by road.
TonyB, do you know how many carousels will be installed in total.
Can you explain how you think it is 12 years then.
Yorky, see JRC1000 post at 20.42 for your answer.
Bellers, I am not bothered either way at the moment as I plan to hold until the dividend but it would be good if all those who wanted to buy and support the company in the open offer got the rest at a good price as the more they buy the less in the market as I hope they plan to hold them for the dividend. Best of luck for Tuesday.