DOC wrote:Jimmy_041 wrote:tigerpie wrote:Gfg haven't collapsed yet but it's horribly close I fear.
Gupta is losing money.....that he doesn't have....in a steel making downturn.
Having worked at the blast furnace a few times as an apprentice and knowing it's role in the steel making process this second shut down really worries me.
The people I speak to are saying the blast furnace infrastructure is falling apart, held together with fencing wire and prayers one bloke told me.
The delay in the electric furnace is the issue cause he doesn't want to spend maintenance money (which he doesn't have) on something thats going to be irrelevant in 2/3 years.
Now the government are nervous as to how to approach the whole issue.
More like how much they stand to lose if he goes belly up.
No green steel, no steelworks and the hydrogen plant will be a white elephant.
Tommy the corporate genius says it can trade whilst insolvent so nothing to see here
I would be surprised if he said that.
Link?
I have already posted it - go and find it