Member Info for SYN00GOLD

Are the sheep part of the 900 environmentalists objecting ?

https://www.belfasttelegraph.co.uk/news/northern-ireland/environmentalists-take-stormont-department-to-high-court-over-highly-damaging-gas-storage-project/41518238.html

Nice photo Consuela, I wish you well.

Interesting that Katya Zotova liked the comment of JW on Linkedin !!!!!

https://www.linkedin.com/feed/update/urn:li:activity:7102582590372491264/

Https://www.nijac.gov.uk/commissioners/mr-justice-humphreys

Https://www.irishnews.com/business/2023/08/31/news/harland_wolff_in_move_to_build_and_operate_isles_of_scilly_ferry-3569835/

Totally agree Lottie 123.

I think we are witnessing the embryonic stages of a fantastic company that is rising from the ashes. All the discussions have been ongoing with government ministers is a great sign for the future. We are all aware of what story will unfold, but I have a gut feeling this is going to be extremely positive.

Having previously built the Sicilian at Appledore, I am expecting a positive outcome. All the bits of the jigsaw are slowly starting to come together. Good luck to JW and the team for all their hard work which is coming to fruition.

Much appreciated Kaeren,

Very good news having the environment minister visiting today. I’m really pleased at the volume of work that the company are generating in various parts of UK 🇬🇧

Thanks for your contributions.

👀 No apologies for re-sharing 👀🤔

Https://www.niauditoffice.gov.uk/files/niauditoffice/documents/2023-07/00296837%20NIAO_Judicial%20Reviews%20in%20Northern%20Ireland%20A4%20%28Combo%29_v6.pdf

These are the actual FACTS of all JV's in NI over past 5 years.

Therefore, in our case the chance of success in upholding Edwin Poots/DAERA'S original legal authority to grant IM licence = 87%

From all I heard the potential for H&W success is even greater !!!!! Maybe that explains the oysters and champagne.

Broomtree: tbh, I totally agree with those sentiments 😊

JWs words a few weeks ago on the UK government strategy for new oil and gas licences and storage facilities

‘Fantastic news this morning, good news for our Gas Storage project at Islandmagee, the largest storage project that is “Shovel Ready” - no other gas storage project is at an extremely advanced stage, having compleated Front End Engineering Design and will take a significant period of time to catch up to the point we are at today.

Substantial amounts of work have also been undertaken looking at suitability of other gases including hydrogen to be stored subject to additional approvals. The need for storage will be driven from excess renewable power generation and the need to store energy and the ridiculously low levels of storage we have survived on in the U.K. whilst importing gas on a just in time basis from Russia.

The larger and more important take away from todays announcements is the realisation that Renewables, whilst a lot of work has and is being done to aid the transition will fall far short in the short/medium term.

Oil and Gas from domestic markets is the only sensible plan to deal with current and expected demand over the next couple of decades. Our Energy Market has seen a significant up tick in enquiries from this sector this year, with live tenders on the street with some due to be awarded this year.’

See Table to of applications against DAERA, successful grant rate for is 22%. These are the actual FACTS.

We shall see based on merits of legality of authority in this action. However, irrespective of outcome, the project WILL go ahead, just different hurdles, in the end game the Government and political clout will always win, ergo, H&W are on a cast iron winner. (Lisa D and all her alias's et al are literally screwed)

Https://www.niauditoffice.gov.uk/files/niauditoffice/documents/2023-07/00296837%20NIAO_Judicial%20Reviews%20in%20Northern%20Ireland%20A4%20%28Combo%29_v6.pdf

These are the actual FACTS of all JV's in NI over past 5 years.

Therefore, in our case the chance of success in upholding Edwin Poots/DAERA'S original legal authority to grant IM licence = 87%

From all I heard the potential for H&W success is even greater !!!!! Maybe that explains the oysters and champagne.

I agree. I believe if positive, which I believe based on evidence I listened too, that the SP will auto correct to north of 25p and then we will see a flurry of news on finance etc.

As I have stated before our revenue already allotted to 2024 is already above £140 million, the aspirational target being £200 million. This will be blown away !!!

I would bet Conor Fegan has gone long 🤣💰

Having listened to the entire review, I am of the opinion that the appeal will fail on the actual points of law.

We shall see. I remain highly confident, but other hurdles will be put in by FoE et al !!!!

Missionary for the friends of the Earth 😂 still paying back the funds from the island Magee a judicial review costs. That crowdfunding page must’ve got expensive, those pesky expensive barristers 😳💰💰

Https://doi.org/10.1136/bmj.p1885

Just posted by John 30 minutes ago 👍🥳🔜⛴️

Our Methil Delivery Center has a massive potential across our five key markets (Defence, Renewables, Energy, Comercial and Cruise and Ferry) as we move forward it will provide Scotland with not just serious renewable fabrication options, but real shipbuilding oportunities along with a Center of excellence for pipework fabrication.

Capitaliseing on current market opportunities, generating credibility by partnering, forming consortiums and Joint Ventures with our supply chain and clients is the way forward to reach our potential.

A interesting fact that is not known by many is our Methil Delivery centre is larger than Belfast

Only a couple of weeks ago JW stated:

We have seen very healthy growth to our business since 2021 and key achievements include:

1. Contracted backlog increase from £110 million to £900 million (based on management estimates)

2. Largest single contract size increased from £55 million to £750 million

3. The workforce has grown to 769 personnel

4. Debt facility moving from $35 million to $100 million, with negotiations ongoing to complete a £200 million refinancing facility with UK Export Finance guarantees and a syndicate of private lenders and commercial banks, expected to complete in early autumn 2023

5. Uncontracted weighted pipeline of opportunities increased from £1.36 billion to over £2.50 billion over a five-year period

6. Securing our first export contract

7. Securing our first defence contract

8. Securing our first large commercial fabrication contract

Key for me is

'At turnover levels of £200 million and above, the Company would expect to be in a position to generate sufficient cashflow to initiate returns to shareholders’

The award of the LOI of 60-70 million for 2024 and then the already allotted contracted revenues exceeding £70 million (ref. RNS 30 June). Direct quote from JW :

‘Our contracted revenues for FY24 have already exceeded £70 million at the date of this report. We are seeing significant traction in contract fruition going into Q3'23 and beyond, giving us confidence of achieving further growth as I have outlined in March of this year.’

This already hits revenue’s of in excess of £140 million for FY24. Think we can see the target for 2024 easily being achieved as per JW’s aspirations stated in 2022 and again recently in his LSE chat to shareholders

Therefore, we know that H&W are already at >70% of revenue aspirational target set by BoD's for FY 2024, this sets very strong foundations for generating new business in all areas and does not take into account the FSS contract award.

Annnnnnnndddddddddddddddddddddddddd most importantl;y to me and what I think will be RNS's in just a few short weeks from now and why I anticipate this going back rapidly to the mid 20's to 30p range........

Completing the £200 million refinancing facility with UK Export Finance guarantees and a syndicate of private lenders and commercial banks, expected to complete in early autumn 2023 👍😊💰💰💰💰👀👀✔✔✔✔✔😎😎

2023.

H1 update ✔️

IM JV outcome ✔️

News of further conversion of bids into contracts ✔️

Targets are being hit and I remind folks of JW’s comments last year which are now hitting projected forecasts with a high degree of accuracy 🥳

‘With significant levels of revenue contracted, the relative stability of the cruise & ferry and ship repair markets and confidence around potential orders within the defence and renewables markets, management has an aspiration of generating revenues of between £100 million - £115 million for FY23. ✔️

While it is clearly more difficult to project FY24 revenues given the lumpiness and scale of certain contracts, the aspiration is to generate revenues of between £200 million - £230 million for FY24. Whilst this is a significant step-change from the FY23 aspiration, it reflects the trajectory of major defence and renewable programmes commencing from 2024 onwards and beyond.

At turnover levels of £200 million and above, the Company would expect to be in a position to generate sufficient cashflow to initiate returns to shareholders’

The award of the LOI of 60-70 million for 2024 and then the already allotted contracted revenues exceeding £70 million (ref. RNS 30 June). Direct quote from JW :

‘Our contracted revenues for FY24 have already exceeded £70 million at the date of this report. We are seeing significant traction in contract fruition going into Q3'23 and beyond, giving us confidence of achieving further growth as I have outlined in March of this year.’

This already hits revenue’s of in excess of £140 million for FY24. Think we can see the target for 2024 easily being achieved as per JW’s aspirations stated in 2022 and again recently in his LSE chat to shareholders

Therefore, we know that H&W are already at >70% of revenue aspirational target set by BoD's for FY 2024, this sets very strong foundations for generating new business in all areas and does not take into account the FSS contract award.

The SP will take care of itself.