RE: Trading Statement30 Jun 2021 13:16
Anything is possible, TBH, on all fronts. But up to now, not a lot actually confirmed. Besides re-igniting the Sapien contract that the previous owners of Bifab had secured, the ferry/cruise work has been the only thing that has kept the company going. Now I don't know what the costs are for keeping all four yards staffed and open but £9m over 11 months, or a little over £800k per month, doesn't sound like there would be much left over. Especially as circa £1m goes to fatman and dobbin in salary. :(
The chance of something from the Triumph Subsea LOI now confined to the back burner. Pushing the previous one sat there (FSRU) down the back of the stove and gone. Is this the destination for IM? A conveyor of projects who's only purpose is to excite the next batch of investors whilst previous LTH's just fade away with the projects they initialy got on board for.
There always seems to be something else to blame for the lack of the ML. Today it's "political upheavals". I wouldn't be surprised for them to re-submit the application, to now included hydrogen, and start this whole process all over again.