Member Info for Wiseinvestor23

Morning all

18 days away from received our ML license - then we’re on to funding discussions many multiples of our current Mcap to fund island Magee to revenues for decades. A solution to the current gas crisis - https://www.bbc.co.uk/news/uk-northern-ireland-58979590

https://www.linkedin.com/posts/islandmagee-energy_hydrogeneconomy-hydrogen-hydrogeni-activity-6856891040973103104-Ln94

https://www.linkedin.com/posts/activity-6856970343689527296-ca8q

All docks and reactivated and we’re generating revenues from large ships like the above

First UK defence contract due

CEO of a 3bn+ wind company visiting this week

https://www.linkedin.com/feed/update/urn:li:activity:6856560607924146176/

https://www.linkedin.com/posts/activity-6856970343689527296-ca8q

Harland & Wolff has set out plans to increase the U.K.’s overall gas storage capacity by a third with a new facility that would use salt caverns 1,500 meters underground near Larne in County Antrim.
The U.K.’s overall gas storage is among the smallest in Europe, but Harland & Wolff’s Islandmagee project would not come in time to ease the current energy crisis, which has led to record high gas prices and claimed 15 small energy suppliers this year.

The Company's admission document, published on 13 October 2021, stated that the Group was in discussions with various minerals brokers with a view to entering into an offtake agreement for all of the Group's output from the mine and that the Group expected to finalise an offtake agreement in Q4 2021. The Company is therefore pleased to have completed an initial agreement with Integrity and entered into its first offtake agreement following admission of the Company's ordinary shares to trading on AIM on 19 October 2021.



Adam Wilson, Chief Executive Officer of Bens Creek, commented:

"Bens Creek has had a strong start as an AIM quoted company. We are delighted that strong investor demand at the time of our very recent IPO has been followed by strong customer demand for our product. We are therefore pleased to have secured the Company's first offtake agreement with Integrity Coal Sales, a stalwart in the US coal industry, at close to prevailing market prices, for approximately 50% of our expected annual production plan. As we look to move into production during Q4 2021, we will in due course seek to secure additional sales agreements with Integrity or with third-party customers."

Its actually 6 - £72mil per year and more expected to follow

Based on the information received through consultation, DAERA as the Marine Licensing Authority concludes that EIA consent under the Marine Works (Environmental Impact Assessment) Regulations, 2007, as amended Can Be Given, and a draft of the licence the Department Proposes to Grant has been issued to Islandmagee Energy Limited. The Marine Licensing Authority, through assessment of the environmental impacts detailed within the Environmental Statement and through consultation is Satisfied that all material considerations have been assessed and adequate mitigation has been identified to minimise the impacts of the project.

19 days and counting

After licence is granted it on to funding negotiations - I would expect HARL is already in contract with all the previously interested parties and gas companies that haven’t already folded due to the gas price increase

https://www.bbc.co.uk/news/uk-northern-ireland-58979590 - Island Magee is a clear solution to the current gas crisis - and also in helping with boris Johnson’s plans to turn the UK into a major producer/storer and distributor of gas/hydrogen

Would love the first UK defence contract to land in the interim

Annul revenues much higher than the Mcap - all I needed to hear

https://www.linkedin.com/feed/update/urn:li:activity:6856560607924146176/

Lol, and also that inch cape has a 3.13bn Mcap

Thank you OT

I noticed this was updated today.

Application for a Marine Licence for the Islandmagee Gas Storage Project - Notice of Environmental Consent Decision

Date published: 13 October 2021
Last updated: 20 October 2021

Topics:

Marine

 

Marine and coast

 

Marine licensing and permits

DAERA wishes to thank individuals and organisations who have responded to a consultation on the marine licence application, and to the reviews of the discharge consent and abstraction licence for the proposed Islandmagee Gas Storage development.
Based on the information received through consultation, DAERA as the Marine Licensing Authority concludes that EIA consent under the Marine Works (Environmental Impact Assessment) Regulations, 2007, as amended can be given, and a draft of the licence the Department proposes to grant has been issued to Islandmagee Energy Limited. The Marine Licensing Authority, through assessment of the environmental impacts detailed within the Environmental Statement and through consultation is satisfied that all material considerations have been assessed and adequate mitigation has been identified to minimise the impacts of the project.

https://www.daera-ni.gov.uk/publications/application-marine-licence-islandmagee-gas-storage-project-notice-environmental-consent-decision

Can anyone please tell me the full funding requirement for FID? Iv seen 400mil 370mil and 270mil in different places

On speculating future valuations of the SP

Say the ship side of things operated at 20% capacity, that would be 125mil per annum

40% 250

Island Magee - if/when after the license is granted - 250mil++ funding for revenues for 60years ( I was corrected today thinking it was 40 years )

Then the potential revenues from the wind turbine side of things - https://www.linkedin.com/feed/update/urn:li:activity:6856560607924146176/

The previous 154p would be sub 200million Mcap - with all the above considered - I believe were be their and beyond in the next 12

https://www.linkedin.com/posts/john-wood-34601247_progress-activity-6856565136019263489-Gf5y

Enabling works are preparations to make a building site ready for construction. It covers activities from site preparation, creation of access routes, and the installation of facilities like security fencing, ramps, and placing of signs.

This along with johns comments regarding any potential issues with the licence - https://www.linkedin.com/feed/update/urn:li:activity:6853937505201377280?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6853937505201377280%2C6853940777614155776%29&replyUrn=urn%3Ali%3Acomment%3A%28activity%3A6853937505201377280%2C6853942636911362048%29

I feel comfortable the licence will be granted within 20 days

https://www.daera-ni.gov.uk/publications/application-marine-licence-islandmagee-gas-storage-project-notice-environmental-consent-decision

Let me know what you think is wrong?

Shame you call my posts rampy while I’m honestly trying to share facts as I find them, if I’m wrong about anything I’d be thankful to be corrected - I could say yours are deramping with your unrealistically long time frames - any amount of ship contracts could land between the 4 yard that are now fully reactivated with 500mil per annum capacity

 
The Company's flagship Islandmagee gas storage project will retain its name, with management remaining focused on obtaining the Marine Construction Licence and Final Investment Decision (FID) thereafter. Whilst the project now has substantially more life expectancy with the need for major volumes of hydrogen storage (subject to regulatory approvals) it is a relatively straightforward technical change to make in a phased approach as the project transitions from gas to hydrogen over time.

John Wood, CEO of InfraStrata plc commented on today's announcement: "We are delighted to make this announcement today, signalling the end of upgrade and reactivation phases. With the new national shipbuilding strategy due to be released in the autumn and the government's 10-point plan for a Green Industrial Revolution, we have confidence that the shipbuilding and fabrication business will deliver substantial value to all our stakeholders as we enter this exciting new stage of building our multiyear backlog of projects.
 

Since acquiring Harland & Wolff in December 2019, we have seen the organisation grow significantly; in August 2020 we reopened what is now known as Harland & Wolff (Appledore) and in February 2021, we acquired two ex-BiFab sites based in Scotland - now renamed Harland & Wolff (Arnish) and Harland & Wolff (Methil) respectively giving us one of the largest fabrication footprints dedicated to our core markets, in addition to two of the largest drydocks in Europe which at 80% capacity could give sales of in excess of £500m per annum when operational efficiencies have been achieved.

The ML will be announced within the coming 20 days - I liked the conclusive language used in this mornings tweet

https://twitter.com/islandmageenrg/status/1450761427636015109?t=2U6_tUcUrX7IbJyYrqr8hg&s=09

The MOU with navantia could turn into significant contracts - refer to the most recent interview

And we are in tender with navantia as part of team resolute which was given 5mil and it’s for potentially a 1.5bn contract out of the 22bn ship building budget

https://www.harland-wolff.com/news/pm-announces-largest-military-investment-in-30-years-a-comment-from-john-wood/

https://hansard.parliament.uk/lords/2021-10-14/debates/3078DACE-B677-4F72-B89A-B61747DA1632/RoyalNavyShipsAndFrigates

After the ML Harland are clearly in the strongest position in the last 52weeks

Happily invested and greatful for all the content shared on this board - after waiting for years surely LTHs can see Harl are at a significant turning point while the mcap is the value of only

While in a gas crisis and need for storage - island Magee is a solution

And ruffly meaning we don’t know yet - could be more could be less - an article surgests 44mil - a credible posted yesterday said 30mil for the queen elizabeth carriers

JW said the first uk defence contract due in a few weeks 4 weeks ago

https://twitter.com/islandmageenrg/status/1450761427636015109?t=2U6_tUcUrX7IbJyYrqr8hg&s=09

Quite conclusive use of language

20 day countdown to receiving their ML licence - if/when its granted - they will be back to funding discussion of circa 300mil+ for there gas/hydrogen storage enough for 30% of the UK for 60 days ( will generate 75mil+ revenues per annun for 40 years ) and will be the solution to the current crisis ( that's why there getting there licence back )

https://www.defenseworld.net/news/30435/Navantia__Team_awarded_Fleet_Solid_Support_ship_Design_Contract_by_UK_MoD#.YWx0gmnTVPw

Currently in tender for a 1.5bn uk defence contract - and are due a smaller defence contract anyday the should valued at ruffly the current mcap

The current mcap is equivalent to just there 3 contracts ( 26.5mil - 1.5mil and yesterday's ) excluding all infrastructure, the ML, team resolute, the as of yesterday's rns -

All docks are now reactivated and open - with the potential for 500mil per annum at 80% capacity

A serious investment at a major turning point - the ML should be the first major green light from 1 of their 3 company makers

Here was there previous terms before the licence was revoked in 2019 that crashed the SP from 154p - that will be available to us again after its granted in couple weeks - and now the docks are now reactivated after 18months+ of work and starting to fill their backlog ( recent interview said 7bn+ unwaited 2bn waited )

https://tanknewsinternational.com/infrastrata-and-vitol-sign-term-sheet-for-gas-storage-capacity-at-islandmagee/

https://en.m.wikipedia.org/wiki/Vitol

https://www.harland-wolff.com/news/infrastrata-ceo-confirms-6-parties-interested-in-offtake-agreements/

Of which the funding amount*

Agreed stokey - I believe the uk defence contract due in a few weeks quoted in the interview 4 weeks ago will be the first and smaller - 30 mil is ruffly the current mcap

And the 1.5bn we’re currently tendering for with 3 others will be announced later if given to us

I love that we have multiple ways to see 100s of million of revenues per annum

Once the ml announcement is concluded - how long so we think it will be until we’re in funding discussions? Of which will be 5x++ the current Mcap

And now all docks are open and activated with 500mil per annum at 80% capacity - we can now start to meet our backlog

COP26 a few weeks away - with intentions of more wind turbines - and the PM announcement today - navantia and team resolute - surely more to come on the wind turbine side of things

It will be an exciting time between now and year end - and the years that follow

Attention misplaced.

Ml to be granted within the next 21 days - as a solution to the current gas crisis

Uk defence contract due - Harland and navantia given 5mil to develop tender demonstrations - 22bn budget that we will be a beneficiary of

All docks finally open and reactived

All of the above and we’re in the strongest position undoubtedly in the last 24 months

Multiple ships have enter our docks in the past 3 months - 26.5 1.5 million contracts + todays

https://www.theguardian.com/environment/2021/oct/19/uk-government-reveals-net-zero-plan-create-jobs

Harland has loads of space for wind farm - fabrication - part of newly formed UK team resolute

Breaking 52wk highs after ml announced - currently valued the same as the last 3 contracts alone

Bubble - that’s if we don’t receive major contracts from the 22bn uk defence budget - of which were due a contract - and also part of this - https://www.defenseworld.net/news/30435/Navantia__Team_awarded_Fleet_Solid_Support_ship_Design_Contract_by_UK_MoD#.YW5h_VPTVPw

https://www.linkedin.com/posts/john-wood-34601247_team-resolute-advance-into-the-next-stage-activity-6843552127135047680-dzCd

https://www.linkedin.com/posts/john-wood-34601247_scotland-needs-new-factories-to-hit-local-activity-6843533042733068288-5HY9

https://www.linkedin.com/posts/john-wood-34601247_team-resolute-advance-into-the-next-stage-activity-6843552127135047680-dzCd

Or from any other direction - everyone’s far to conservative and rightly so if you’ve been waiting for years, but surely it’s clear we’re a significant turning point and with the news flow due this side of Christmas, our 52wk highs are the first target - as we’re clearly in a much stronger position than then.

John Wood, CEO of InfraStrata plc commented on today's announcement: "We are delighted to make this announcement today, signalling the end of upgrade and reactivation phases. With the new national shipbuilding strategy due to be released in the autumn and the government's 10-point plan for a Green Industrial Revolution, we have confidence that the shipbuilding and fabrication business will deliver substantial value to all our stakeholders as we enter this exciting new stage of building our multiyear backlog of projects.



Since acquiring Harland & Wolff in December 2019, we have seen the organisation grow significantly; in August 2020 we reopened what is now known as Harland & Wolff (Appledore) and in February 2021, we acquired two ex-BiFab sites based in Scotland - now renamed Harland & Wolff (Arnish) and Harland & Wolff (Methil) respectively giving us one of the largest fabrication footprints dedicated to our core markets, in addition to two of the largest drydocks in Europe which at 80% capacity could give sales of in excess of £500m per annum when operational efficiencies have been achieved.

Harland have a build an empire that is only now fully reactivated - 500mil per annum at 80% capacity is nearly 17x the current mcap excluding island Magee and the wind side of things

We should not be valued less than half of the yearly highs