Member Info for Xenor

If the decision is remade then what's to stop the protestors from tying it up in another 3 year JR + appeals process? The legal system is broken, we can no longer build critical infrastructure in this country.

Looking at the Facebook posts in question, it's easy to tell who is an unhappy customer and who is just a random troll from this board doing what they do best. But I can't deny that this ferry has become a farce. It's a colossal waste of money when the finances are so tight and we've a never ending wait for a new finance deal.

The bid/ask at 13:44 suggests it was a buy but the share price was plummeting at the time so it doesn't make sense. That said, the trade a couple of weeks ago didn't make sense either when the share price was up 5% on a large sell then we got the TR-1.

What is interesting is that there was a 2.1m trade a week ago and now this 2.9m, so if they were both sells then they weren't both by Killik as they had 4.9m left. Could be a large PI but I imagine not many hold that number.

Certainly this kind of thing is why the UK is falling behind the likes of China and other nations that are able to build infrastructure. I'm not against net zero and anti climate change measures but stopping this project is foolish and short sighted as it just means we will be shipping gas around the world at a higher price instead of storing extra here. Gas is a transition fuel and will be needed for decades. These protestors don't seem to understand that. Got to wonder who is funding this kind of sabotage.

Well that's crap. How did the judge in August get it so wrong? Best option I see now would be for the executive to retake the decision, but then won't it just get subjected to another JR and appeal?

I'm not expecting the accounts to be bad like last year, and I don't expect them to be amazing either. Probably somewhere in between. I figure the only reason we haven't had them yet is down to finance as I mentioned in my last post.

I expect losses will be down quite a lot. They have to be surely as we didn't run out of cash, and still haven't. It sounds like costs are being met - other than interest on the loan and wild spending like Scilly which required new debt.

I am not expecting accounts to be released before the finance deal is announced as that will change what the auditor says about the state of our finances, ie the "material uncertainty" from last year. Of course if we get to the 28th and still no finance deal then they will have to be published.

That was my thinking Stokey too. Consuela did mention other "key enablers". Guess this is one of them. Makes you wonder why this hasn't been addressed already, but good to see that it is scheduled in soon. Getting this approval will add value to the asset.

It most likely is. They had 4964279 left. Keep an eye out for a large trade that ends in 64279 and then we'll know if they are out. I used that method to determine Appledore had sold their gifted shares 3 months before their TR-1 arrived. We won't be getting any more TR-1s with Killik as they are below the threshold.

Maybe. Does your chart predict when the finance RNS lands and takes us to 20p? Or will you be selling at 13p and miss out?

Since when was 13p "magic"? That was standard price until very recently.

I think it will keep building into the JR result and then everyone will go back to defecating themselves over finance.

If UKEF for some reason say no then I would expect JW to negotiate a new finance deal rather than run the Riverstone deal down and negotiate an extension. When all this kicked off it was originally a deal for £100m with Astra with no UKEF involvement. That was prior to winning FSS too. There will be other options like that in the worst case scenario.

I can't blame the workers for wanting a pay increase, they deserve one. I suspect JW has been holding off on making an offer until after the new finance deal is signed off. I'm sure they will come to some kind of agreement.

This is all getting tiring now, we are almost four weeks past those articles that forced the RNS response about the finance deal. How much longer is this going to drag on?

Really depends on whether we get finance news before the result or not. If yes, probably 20p+. If not then probably 12p and back to 9p within days. Any news prior to finance is wasted in my view, has been that way for over a year now. But what it will do is make this look even more undervalued when that finance eventually arrives.

With the looming IM appeal result it must be a nervy time to be holding a short.

A sale shouldn't even be entertained for less than £1 a share. Then again, I believe £1 could be a few years away so if a buyer offered 75p now I would be tempted as that extra 25p could be made up elsewhere in those other years.

Well said Kaeren. Same poster who rushes to post negative news about the company on a local Scilly community Facebook group.

JW said talks were ongoing after the original JR and that he'd have some idea what he intends to do with it by the end of the year (2023) or early this year. Hopefully talks have been ongoing since then and there is a plan in place pending the result. Selling it and paying off the Riverstone debt or as much of it as possible would be ideal.

Thanks. I remember the original one was a lot easier to attend. I'm not sure "I'm a shareholder in HARL" qualifies as a good reason.