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The GSA is the one I am most interested in followed by the marine licience which seems all but a given.
8 Milestones to get ticked off in the next 11 stock market working days !
....Come on team!
INFA has some very positive aspects just now :
1. A very low market cap when related to expected revenues and profits.
2.A sideways sp movement just waiting for news which will trigger a breakout.
3. The offtake partner for the entire Islandmagee project has already been agreed.
4.The Equity Partner negotiations are at an advanced stage .
5 EU is funding imminent.
6.A very timely and necessary project with a management team which is already examining at least on further project.
Soon, I think.
has several compelling aspects :
1. An extremel
says the ramper!
Looks like the first decent bit of news due is the Issue of the draft Gas Storage Agreement this month.......If that's on time, then it will be released within the next twelve working stock market days.
Might be preempted by the EU 1.6Million euros grant money...but that is totally beyond our control.
Hope the equity news release isn't too far behind the draft GSA !
As already said, some other milestones are pure padding....but it will still be very reassuring to see them getting ticked off !!
This will be a different ballgame entirely in a few short months........potential is staggering...........GLA !!!
I agree with Tango, it was a status report and fairly positive (which in itself is not going to move the needle) but for me including measurable milestones makes any subsequent RNS's milestones focussed and I would suggest will start to move the SP in the right direction.
kibuc, i completely agree with the second paragraph of your 11.08 post.The effect of a no news RNS can certainly reduce interest in a share. And new blood.(in terms of shareholders),is needed here. JW stated on the 8 March that the search for a new Chairman was underway and was expected to be resolved within 3-6 months. We have now passed the six month time scale and the only news is that the appointment has been added to the "milestones".
Including" Final Tidal Report" as a milestone is ridiculous. My firm hope now is that JW doesn't decide to hold another shareholder evening or give another interview to repeat what we already know because the effect of such activity is usually to strain investor credibility and damage an already fragile SP. I sometimes feel that JW,(brilliant CEO that he is), isn't really up to speed with the machinations of AIM.
I think the point regarding weather is the fact we nearly ran out of gas last time the beast from the East came and INFA will go a long way to mitigate that risk along with the FSRU project.
Dissagree the last RNS was negative because it was a status report and I personaly welcome more of the same.
Cold weather might be good, bad or neutral for INFA, but basing your investment decisions on weather report in Daily Record surely must be bad news for anyone's portfolio ;)
Jokes aside, though, the only good news for INFA would be delivery of any of major milestones. Project updates (like the last one) are slightly negative, as you only release one if you've got nothing material to report. Any other noise is neutral at best, probably even negative for the same reason. Marine licence. Funding. New chairman. FID. Nothing else matters. "Final Scientific Beam Trawl Report", while probably required, is not a milestone.
10:41, 11 SEP 2019UPDATED11:05, 11 SEP 2019
'Scots have been warned the worst winter in decades is around the corner as the Beast from the East is poised to return and the plunge the UK into a big freeze.
Temperatures could hit the lowest levels seen for 30 years, with forecasts suggesting lows of -15C could be recorded in some places.
Freezing spells are expected to last for weeks and we're being advised to prepare for plummeting temperatures when a freezing jet stream sweeps across the UK in January.'
I don't think anyone is going to say that a cold winter is bad news for INFA !
I agree that it might increase the unit price, but that's not how INFA makes (or is planning to make) money. They are not producers.
My knowledge on the subject is obviously limited, but common sense dictates that every unit of gas produced in the world is, at any point in time, either being used, transported or stored. Therefore, the less gass there is in total in the system, the lower the need for storage, all else being equal.
It’s really about security of supply and the premature closure of one of the largest natural gas fields in NW Europe lessens that somewhat.
In essence one could argue this will increase the flow of LNG from other parts of the world begging the question as to whether and how cargoes of liquid gas are classified as gas in store ie even before they are discharged.
Kibuc no it's not....
Why would that be good news? It's a bit like saying that gold mines getting closed or reducing production is good for bullion vaults, or that less cars being produced is good for parking operators. Surely, the opposite should be true?
Great news spud.....again serendipity at play......great for INFA......no wonder everyone seems to be making plans for so many LNG projects now......luckily we are very far along the road especially with Islandmagee but also with the FSRU project, where much preliminary work has already been undertaken over the last decade.
Can't wait for our very potent news flow to start rolling !
Europe largest onshore gas field to stop production 8 years early...
Good point Tony.
If that was the case then we have probably hit on an absolute no-brainer gem !
Serendipity......right place.....right time.................................perfect !!
so you did, apologies, I just had a look to see if you'd made any extra comments. Rough didn't close until 2017, perhaps as a guess it ended up being uneconomic whilst the storage was still open.
Don't think it was environmental concerns here is a link to the comments on the original Environmental Impact Statement.
No objections from Marine & Coastguard Agency, Natural England, Ministry of Defence, Marine & Fishing Agency, Environment Agency etc etc and recommendation that the project should go ahead....so I guess the issue must have been finance?
The project is mega, so hope we go ahead after DD!
Hi Tony..... I posted that link (1,120) on 28th July.......but the 64,000 dollar question remains...... why did they pull out at such a late stage...i.e. after the gas agreement was in place?
Would love to know.....can't find any references.......the other anomaly that has been raised by research into the local authority planning site is it seems the planning permission is out of its 3 year date..........but hopefully we will get updates on it all fairly soon when DD completed. I think it must be a goer though if VITOL are interested, they would probably already know the answer as to why the plug was pulled at the time.
Bit of history on the barrow-in-furness site.
For N.I. economy if only the locals could remove the bio-degradeable blindfolds and adjust their thinking?!
Agree Snowman - the benefit of having a set of hard milestones is that you are putting your money where your mouth is .. there is no wriggle room and I would expect subsequent RNS's to be just ticking these off
Whoops!....screwed up with the quote !!
On second thoughts....... we'd better head east !!!!!!!!! LoL !!!!!!!!!!!!!!!