tag:blogger.com,1999:blog-5235138415013046381.post165268623701989670..comments2023-10-25T07:29:40.789-02:30Comments on UNCLE GNARLEY: TODAY NALCOR CEO ED MARTIN SHOULD STEP DOWNDes Sullivanhttp://www.blogger.com/profile/02566013585647491614noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-5235138415013046381.post-75789120465269874532016-04-20T12:51:01.402-02:302016-04-20T12:51:01.402-02:30https://www.facebook.com/groups/1000493156702515/1...https://www.facebook.com/groups/1000493156702515/1001799546571876/?ref=notif&notif_t=group_activity&notif_id=1461163998584362JOKES FROM THE ROCKhttps://www.blogger.com/profile/12392932533655162682noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-84551399111072893112016-04-12T08:06:11.647-02:302016-04-12T08:06:11.647-02:30Integrity is a qualification that never seems to m...Integrity is a qualification that never seems to matter in the final choice. There's no room for it. It gets in the way of the (real) agenda. <br />The entire, antiquated and corrupt political "system" is a system for wealth and retirement for the corrupt/incompetent. We the people must change this.Anonymous citizenhttps://www.blogger.com/profile/01889984580697117149noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-28596119524491416652016-03-27T18:37:00.993-02:302016-03-27T18:37:00.993-02:30This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-10259779577620263532016-03-24T23:24:20.728-02:302016-03-24T23:24:20.728-02:30Millions, perhaps tens of thousands! Millions, perhaps tens of thousands! Doughttps://www.blogger.com/profile/07009185526097730661noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-2893490092693286792016-03-24T22:32:16.303-02:302016-03-24T22:32:16.303-02:30It is funny that Martin can not talk about these c...It is funny that Martin can not talk about these commercial matters. The CEO of Astladi has to talk about these things as a publically traded company. In the Astladi 2015 year end financial statements, Astaldi has booked 832 million euros of order book from Muskrat Falls. this is about 1.3 Billion Canadian. Astladi reports the project at 44% complete. this is Their portion only. in September they were 40% complete. So they completed 4% in 3 months. Their CEO cited challenges with the MF project, due to things such as severe weather (which is likely Nalcor's risk). The CEO also disclosed that there was 320 million Euros of revenue booked in 2015. This was taken at 0 margin (No profit). the CEO was grilled by the analysis in the call to explain why Astlaldi were not making profit in Canada. He replied that he was optimistic the final negotiaions with Nalcor would produce a profit. <br /><br />So Ed Martin can't provide an update to the very people who are paying for this project. <br /><br />Yet in Europe, the CEO of the company can give a reasonable update to shareholders. The details of which are all contained on Astaldi's website for people to hear. <br /><br />The fact that Ed Martin will not tell the people of the province when this project will be finished, and what the project is forecasted to cost is indefensible. <br /><br />It is time to pitch the lot of them. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-90911703606658854462016-03-24T21:20:48.810-02:302016-03-24T21:20:48.810-02:30Maybe Nalcor should look it what happened to the d...Maybe Nalcor should look it what happened to the dome building that astaldi just took down that cost millions and was given to a local business man from Goose Bay. He's also a construction manager on site. Don't hear much about this in the media. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-90897727645690238682016-03-24T19:12:20.440-02:302016-03-24T19:12:20.440-02:30Martin cannot say anything on more delays as to th...Martin cannot say anything on more delays as to the schedule until Junw 30, because of `commercial considerations`. Anyone want to guess what that is all about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-7677008982646025102016-03-24T18:01:30.107-02:302016-03-24T18:01:30.107-02:30nothing will ever work in nl too many thiefs hold ...nothing will ever work in nl too many thiefs hold all the cards and things will never changeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-50633640592648236962016-03-24T17:38:11.743-02:302016-03-24T17:38:11.743-02:30Re 15:54 comment that supplies are coming from Que...Re 15:54 comment that supplies are coming from Quebec for camp. Where else are they going to come from. Nearly all of NL com sums blessed come from away. ...it is cheaper and cuts put yet another middleman. Lowest price fir good period. Re other comments, some validity I think. Especially to let SNC do the project vs a lot of non electricity generation folks generally from oil patch. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-1187082037094413892016-03-24T15:54:16.704-02:302016-03-24T15:54:16.704-02:30We all know it's time for a change. Nalcor is ...We all know it's time for a change. Nalcor is mostly the reason why muskrat falls is the way it is. There's 70 plus people working for Nalcor on site. It's time for Nalcor who are the client to let the engineering firm they hired SNC Lavin do the job they were hired to do. Everywhere you look there's a Nalcor truck driving on site. If the liberal government want to save money maybe the should look at Nalcor. Also its tie lo at how many Quebecor's are on the site. It states in the agreement if you a trades person the contractors must hire Innu, Labradorians, then Newfoundlanders. Not the same for the office staff working for the contractors. Most of them are from Quebec. It's time for the government to step in and look at this issue. We have alot of qualified people from the province to do the job. The camp here is another issue. Most of the supplies here are coming from Quebec. It time for things to changeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-25844146399904842602016-03-24T10:31:42.231-02:302016-03-24T10:31:42.231-02:30Ed Martin and Danny Williams - two names that will...Ed Martin and Danny Williams - two names that will live in infamy for future generations because of this insane project. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-66508037379828254302016-03-24T10:05:58.625-02:302016-03-24T10:05:58.625-02:30I have called for Ed Martin to step down and take ...I have called for Ed Martin to step down and take his fortunes and run, so very long ago! He has been untouchable throughout the whole Muskrat Falls fiasco and throughout the time when Hydro infrastructure was rusting and breaking down because of neglect. Do you remember Blackout Newfoundland? My very uneducated gut feeling thinks along the same line as thousands or maybe millions of Newfoundlanders, and suggests strongly to fire him and get this proven failure away from our taxpayer coffers. The quicker that we fire this incompetent loser, the sooner we may have money to hire lawyers to look for avenues to sue him for his incompetence. Doughttps://www.blogger.com/profile/07009185526097730661noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-67609973949546080842016-03-24T09:24:00.155-02:302016-03-24T09:24:00.155-02:30When I was seeking the PC Leadership, I called for...When I was seeking the PC Leadership, I called for two things:<br /><br />- stop work on Muskrat Falls; and<br />- firing of Ed Martin<br /><br />That did not go over too well with the PC Insiders. Maybe they had too much too loose?<br /><br />Wayne R. BennettAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-85862656529172290942016-03-24T08:37:48.217-02:302016-03-24T08:37:48.217-02:30"Ed Martin had all the credentials for CEO. G..."Ed Martin had all the credentials for CEO. Good speaker, effective salesman, well connected, newfoundlander"<br /><br />Newfoundlander is not a qualification.<br /><br />Thr others are also qualifications for con men and medical quacks.Frednoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-66350591283102054812016-03-24T08:21:14.920-02:302016-03-24T08:21:14.920-02:30A necessary, but not sufficient, action (if I reca...A necessary, but not sufficient, action (if I recall correctly, I called for Mr. Ed to be fired almost five years ago). Maurice AdamsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-88670367849105023082016-03-24T07:55:34.155-02:302016-03-24T07:55:34.155-02:30There is some serious work to be done in Nalcor, a...There is some serious work to be done in Nalcor, and Ed Martin is yesterdays man. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-29440671641614283602016-03-24T07:53:26.921-02:302016-03-24T07:53:26.921-02:30Ed Martin had all the credentials for CEO. Good s...Ed Martin had all the credentials for CEO. Good speaker, effective salesman, well connected, newfoundlander. But he was missing one, experience. He filled this gap by hiring people around him who had a similar pedigree. There have been some bright spots for Nalcor such as the deep water seismic work, but by in large the Nalcor experience has been a disaster. The truth is they made less money in 2015 (before impariment) than they did 10 years prior. The legacy of Muskrat Falls will burden the next three generations of Newfoundlanders with the most expensive power bills in Canada. Without a substantial rebound in energy price it will be a disaster. The investments in the offshore has also been problematic. Martin, who could never consider the debt servicing we are paying on "equity" pointed out that White Rose has already paid for itself. Ed Martin forgets that part of our public debt went to that investment, and it must be returned. <br /><br />I have never called for Ed Martin to step down. But I agree with you Des... today is the day he should. Make no mistake if this was a publically traded company, he would have no choice. Anonymousnoreply@blogger.com