Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bubble2021 - Have you considered Specsavers?
Stokey12 - A conservative estimate for the company wage bill is £30M / annum for 1,000 employees (based on £30k / year, most managers will be on double that). Add on interest owed to Riverstone the purchase of vessels for the Scilly venture and the energy bill across the sites must be astronomical. It is understandable why investors are concerned about cash flow problems. The current contracts are not sufficient.
Kaeren - HARL had difficulties supplying welding consumables & bathroom supplies. It was reported in the local press at the time. Portugese contract workers downed tools.
Global Energy Group at Port Of Nigg are a renewables competitor.
JW made a hash of worker relations at Methil, running out of toilet roll turned out to be a bummer.
Kaeran - The company auditors will tell you that, JW has other ideas, hence the RNS on 30th Nov 2023 with the £20m revenue shortfall for 2023. Maybe the new target for 2024 should be £220m to allow for the shortfall?
Xenor - An expensive distraction at that, £46m levelling up funding going AWOL. JW was expecting the new Scilly ferry contract which would would have made up his 2024 revenue shortfall.
Re Response by J wood 18:58 - Now settling for around 50% of the Isles Of Scilly freight market, with diplomacy and tact with the ISSG he could have had 100% and the passenger service as well. Looks as though the levelling up funding is off the table now plus the need to fund the Austal vessel as well. Great business acumen.
Good luck to the Isles Of Scilly Steamship Group.
ISSG have signed contracts with Piriou, announced today.
David - You are bang on the money there. Gas caverns & associated infrastructure don't come cheap. Construction material costs have increased by 40% since the pandemic. Ignore Aim & Lottie, sad individuals who have lost money on their HARL investment. The truth hurts.
Hey DOG - What has happened to the share price since - it's halved - cracking investment you have. You have been fleeced.
Broomtree - My investment in Sept 2021 was to show support for the Arnish workforce, it did not take many months to realise the company was deceiving investors with disingenuous RNS's. Some things never change.
I hope the company succeeds, but I doubt the current shareholders will benefit. They are having the wool pulled over their eyes.
Wyndrum 10.06 - Technically insolvent - A company whose liabilities rise at a faster rate than that of its assets due to increased debt or borrowings. Sum's up HARL nicely.
DOG - My posts can be considered negative, but they provide debate, unlike your anal posts in which you admit you are 'here for a laugh' and personally attack posters that do not fall in love with your stupid ramping.
HARL are technically insolvent. Riverstone have the majority of the company as security. I wonder why they are struggling to get new finance?
Re lease for Austal - The lease for the CalMac pentalina is £1m / month. It would interesting for comparison to know the HARL lease terms.
Realturbo - JW has no interest in shareholders losses just his own hubris.
See: www.scillyferries.co.uk
Assuming it's not a prank post John Wood has posted on Facebook of a new service from Penzance to St Mary's starting May 2024. A 56m Austal built vessel with water jet propulsion has been chosen.
You should have worked out by now you can't polish a turd.
LSE03 - Why would Octupus Energy want to invest in fossil fuel storage?
DOG - The purpose of the board is to post positive & negative views on HARL. You only purpose on here is to antagonise people, only last week you accused a valued poster of having a drink problem. I do not need to qualify my education, work history or share holding to a poster that in his own words is 'hear for a laugh'. You dropped a clanger there matey you let your facade down for all to see....such a sad individual.