Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The share price is not funny.
This ought to be the number one item on the AGM. They will certainly want to raise again in the future but this looks increasingly difficult unless some whopping good news comes in re storage sale and FSS contracts.
This cannot continue to be glossed over by the Board so I hope it is treated with the urgency and importance it deserves from the Board. Otherwise my fear is this company could end up in private hands.
I think that as long as this has been carried out in a transparent way ie a tender process with an independent review board then it is OK. I think it is entirely predictable that shareholders would pick up on this matter and so the Company ought reasonably to have foreseen this and provided information to the shareholders to demonstrate the process that was followed. If it was then there can be no issue if not then questions should be asked of quite what did happen.
It doesn’t look good at all. Do we think or know if there was any kind of tender process to award this contract ? If not given the level of expenditure I wonder if the auditors picked this up. Misuse of company funds? It looks like a sackable offence if there is no clear audit trail.
I think you are much better at playing join the dots than me Chitta123! The Board will realise that the storage project is better placed in the hands of experienced operators. As for the vessel I am not sure but regasification? To build an LNG tanker from the hull up would cost a few hundred million at a guess and that would be a guess. Can't see it myself. Would be nice if they won the Scheihallion decommissioning work though
It’s not really waste Consuela. During leaching the other strata fall to the base of the caverns. The salt could be extracted which is why a marine licence isn’t necessarily a must have but that is energy intensive and arguably less environmentally beneficial than a small zone in the sea where the discharge occurs. As I’ve said earlier this does less harm than a single trawler so I think you’re all making a big fuss about nothing much.
Im not saying that it wouldn't Stokey12. It's just my preference. Also HARL are not gas traders; we would need to empty an experienced energy trading team to manage the retained capacity. This could be farmed-out but something as sensitive as this you would want to retain in house. It's not what HARL is about anymore so they are better out of it
I think a hostile bid or a discrete sale of all or some of the yards is a possibility. I think for this to happen they have to generate a long order book and show consistent ability to deliver on time on budget.
Might make sense for Navantia to come in but its so difficult to read the future with this business. I was encouraged and do expect them to hit £100 million + in 2023. This is great and they are well on the way to that already so I think next year really could be transformative as HARL is becoming more mainstream; this will attract more work and then we can only guess what happens. The main thing is whilst we cannot rule out further raises, the company is unlikely to go bust which was a concern for me a while back. Now, whilst I am way out of the money I am quite optimistic about the coming announcements in Q4 and also Q1 next year
I'm currently working on SNS UK gas development projects for new fields coming on stream in 2024/2025. UK gas for UK consumers; lowest environmental footprint, good for employment, taxation and anyone that believes energy security in an uncertain world is pretty important. I don't know how bad it has to get before even the environmentalists understand this is a transition and therefore we need to ensure we have secure and reliable energy supplies to keep the lights on but I do hope we are not in for a cold winter. If we do all the margins will be tested and from what I see and know it is not alarmist to forecast brownouts and blackouts.
It'll happen when we're least expecting it. Hang tight and ignore the naysayers.
Iamsailing makes some logical and dispassionate points but I think we can look forward to an upturn in this company. Not sure of the magnitude or exactly when but its coming late this year and certainly during 2023.
I'd like to see the AR out asap and also some CEO/CFO share purchases as well. Not ramping, do I ever? Just my thoughts. GLA
With the greatest of respect ……
Blah blah blah - angry dolphins
Blah blah blah - irreparable seabed damage
Blah blah blah - Third World War
Blah blah blah -
Find something worthwhile that’ll really helps us all to bleat about. This isn’t it