Mercantile Ports & Logis... Share Discussion Threads

[waterloo01] 18/1/2017 11:19

so when was it filmed?

[pj 1] 18/1/2017 10:47

diku, you are closer than you think. After communications with a couple of colleagues I've concluded the footage was for and/or in a corporate presentation, and not to update the Market.

Lord Flight was impressed with the works to date eh?

[diku] 18/1/2017 10:33

PJ1...post 48...they were shooting a Bollywood movie..hence the clean high vis!!!..

And Gandhi had access to 3mln or was it borrowed/loan money!!....hhhhmmmm...

[pj 1] 18/1/2017 08:50

Maybe it was presentation video for the recent placing? (I.I.'s?)

I wonder if Lord Flight had seen it?

[waterloo01] 18/1/2017 08:48

One can assume the company read this BB (hence footage withdrawn). So come on tell us some more porkies.

[phowdo] 18/1/2017 08:42

ICYMI, heres what they said in the placement prospectus:

By the end of January 2017 the Company expects to have:

· completed the dredging requirement;
· reclaimed 70 per cent. of the land; and
· constructed two berths, one of which will be capable of receiving vessels.

[pj 1] 18/1/2017 08:37

IMO and DYOR. My main concern would be that it was some sort of previous attempt at a staged video. As i've said before it was obvious the trail of lorries had been held back, then concrete mixer trucks at the side of the piling gantry which had not moved, (making it look as if piling was in progress?) and at one point a team of approx 15 workers in shiny hard hats and spotless clean high vis were seen walking in timed unison and some even waved at the drone.

Disgruntled employee, Co error, who knows but it has to be taken as a red flag imo.

[waterloo01] 18/1/2017 08:22

Given how quickly they pulled the drone footage, one can assume it was fairly recent. Shambles continues.

[diku] 17/1/2017 21:10

Don't think it will be ready before end of 2018....

[pj 1] 17/1/2017 17:26

So if we agree the piling gantry was roughly in the same position, why were there Concrete mixer trucks alongside the Gantry?

[waterloo01] 17/1/2017 17:19

Not June as rest of site looked larger, so more reclaimed but agree not massive movement on the pilling, so maybe September? One rather fears it's more recent!

[saikat] 17/1/2017 17:15

It won't happen Waterloo - Gandhi's purchase moving the needle. It is all out of shareholders' funds. Probably upto half the money has been looted - at least £25m-40m - some of it must have gone as bribes to UK entities. Everybody, by now, must guess this.

[pj 1] 17/1/2017 17:10

The piling gantry didn't look as if it had even moved so it must have been filmed (I hope) from around June 2016 imo

Whats worrying is that it appeared to show a large stream of lorries entering site, when all they had done was stack them along the access road. I hope that wasn't to attempt to give a wrong impression. When the drone backed off there were hardly any lorries actually on the reclaimed area.

[waterloo01] 17/1/2017 16:57

PJ, even if it's a few weeks old, it still shows just how much is still to be done. No doubt they will post it up with some context. Gandhi taking up his £3m at 10p doesn't seem to have moved the needle. Guess he could have walked away, so there's value somewhere.

[pj 1] 17/1/2017 16:00

So, to be fair, we don't know when it was filmed. It had today's date underneath it, but that could have been the 'posting' date

[waterloo01] 17/1/2017 15:17

See they have taken the clip down! Wonder when it was filmed?

[pj 1] 17/1/2017 12:18

Its almost as if work stopped until Gandhi put his money where his mouth is?

[jojaken] 17/1/2017 12:13

In June they said they had laid "58 piles" for the quay.

On Oct 31 they said they had laid "100m of piling" for the quay.

Today's footage while difficult to be sure of the exact number, I would say they have still laid only 58 piles or 100m of piling!

So much for progress.

Explains a lot as why they haven't issued a progress report up to now.

I can only hope that now, with this video, they will be updating us. So presumably there'll be news to report as to what they have agreed with the contractors.

[diku] 17/1/2017 12:07

Maybe ready to do a Bollywood movie!...

[pj 1] 17/1/2017 12:04

It looks 'staged' with the way all the Lorries are queuing up on the approach road 'ready to roll'

[jojaken] 17/1/2017 11:58

No progress with the piling since the last video in June!

[phowdo] 17/1/2017 11:57

Looks like last summers drone footage?

[waterloo01] 17/1/2017 11:48

Company I think. No doubt they will post it up at some point.

[guernseymoney] 17/1/2017 11:47

Waterloo - was that drone footage done by PI's or just someone in the region?

[waterloo01] 17/1/2017 11:23

Activity but long way behind.