Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bubble2021 - Re 29/06 19.59 - 'one post...see you tomorrow at 7am'. Did you really expect an RNS at 7am? That's normally reserved for companies with positive news!!
Heard today Arnish are looking for a Project Manager with 'extensive knowledge of ship building'. Would be good work for the local community, might even see miserable me as a shareholder again!
UK Investor Magazine reported on 26th June 'Surprisingly, perhaps worryingly, the company is still in the process of completing its audit but expects to issue its annual report for that financial year by the end of this week'.
Exactly broomtree - no contracts announced since March. £10m won't keep the lights on.
Can they train enough welders by 2025, I doubt it.
If there was any positive news to be announced JW would not wait until the end of June, he is more canny than that.
Broomtree - The only positive I can see is the FSS consortium, what was the last news we heard though, the debt facility was delayed and they were knocking down a redundant building at Belfast, come-on, probably the biggest contract HARL will ever receive and they can't keep the shareholder updated. Navantia are training more welders (simple Google search) absolute stum from JW about progress, okay an occasional picture on Twitter, if that counts as a business update.
Hope I'm wrong but Appledore & Belfast may be the only two shipyards to survive under HARL.
Bubble2021 - Chemical Industry in Cheshire - I know an awful lot about salt caverns & gas storage.
Doubt it would make much difference Kaeren to be honest, the odd £35m is chicken feed to the cash burn HARL are currently getting through. I would be more concerned with the lack of contracts announced this year, the current debt facility with Riverstone can't be far off fully utilised, HARL hocked IM for that money, what other assets do they currently have that may be worth anything? The ship yards (which previously went bust under various owners) won't be worth a penny, the renewables sector has taken a step back at the moment due to massive increase in costs and hydrogen is 10 years away. The FSS contract won't keep HARL afloat (pun intended) they are struggling for work by all accounts. JW has been making bigger embarrassing statements for the last couple of years, don't see you pulling him up.
Bubble2021 - With the imminent release of the 2022 results are you still comfortable with your post of 16th June 15:58 'JW has stated debt free by the end of the year is the target'?
Does not bode well for the delivery of the first FSS, if they unable to complete a bathtub order on time. Maybe it was the wrong type of steel again or they had failed to pay the bill for welding consumables and ran out of grinding stones to clean steel (Methil earlier this year) that put them behind with the order.
Bubble2021 - That's quite an incendiary post.
Kaeren - You never take the time to reprimand DOG for his inappropriate & rude post's, I wonder why?
Ah, it's because he is a ramper (of sorts).
Xenor - I posted in February the share price was on a slow & steady fall to 10p, I still stand by that. You need to learn to trade better to make money here, until the books show a profit it's a traders dream, not an investment like some would have you believe.
JW shat upon loyal shareholders in November 2021, the company has gone backwards ever since, he has form and the city know it. He had the big chance to redeem himself with the FSS contract, he has failed miserably. So yes, 10p here we come.
Looking like the share price is going to match JW's prediction for the debt finance - single digits.
Xenor & company - Please read the previous HARL post by Tapp from 23rd May 2022 - he was forecasting an average cash burn of £1m / MONTH it is now £1m / WEEK. Mind-blowing ineptitude from the HARL directors.
£3.50 that should do it nicely. JW will snap your hand off for a company that's just lost £70m.
I don't pretend to be Scottish, born and bred in England, moved to the Outer Hebrides when I retired.
DOG - I doubt HARL will receive anymore work from the UK government until they have shown they can complete the FSS contract.
Oh, by the way what happened to FormerMD & TeleTim your previous usernames? I remember now, you were thrown off LSE for being abusive, won't be long now to your next reincarnation.
HarChris - I'm surprised you have not reported my post to have it removed - you have form for that. The post is factual with the content of the reported loss in last weeks RNS.
Broomtree - Not heard auditors refusing to sign off accounts, but not surprised though. HARL is currently loosing over a million pound a week and no finance deal in sight. Not looking good to be honest, cash burn will kill the company, probably why the finance deal is delayed (again), little chance of getting a return on investment for Astra.
Shorting crew - JW is the best shorter of them all, pumps it up with dubious RNS's then the share price retreats when he gets found out. Astra debt finance taking 6 to 7 weeks in Nov 2022 comes to mind, now autumn 2023 is the latest date. You need to look to your leader, not me.
DOG - Any truth you are 8k down on HARL? Quote 'Im 10% down, so about £8,000'. And the latest chart shows 72% strong sell - Understand why you are ramping it like hell now.
Your buddies (who you have also insulted) from Tecan Group send you a message 'Good Riddance' and 'Get Some Manners'.