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gla
Funds what ever over is a bonus atm it all helps the cause here .We will be more upbeat soon i can feel it feel a big contract is coming by end of march
........expected Receipt of E.U. Funds confirmation ..just to start the ball rolling though not likely to be extravagant on the SP as the funds are earmarked ....supposedly !!
The next official statment will be when they announce their interim results for the six months ending 31 January 2020. Early part of April. We will then get some numbers on H&W for one thing.
Other than news on a contract, EU or the ML, that is.
Oh, the exclusivity agreement on the FSRU stands until 20 March.
And, public consultation extension, if that's a thing, till 23rd March.
Lot's to look forward to, or worry about. :)
Thomas. It will be very interesting to see the first RNS statement from our new Chairman.........
When ML sorted and EU money arrives the mood will totally change. In the meantime may well receive update for H&W now Clive Richardson is at the helm as Chairman.
Indeed, most encouraging thing I've read in a while.
Thanks, ban4118 - I take that as rather encouraging.
As I noted from the AGM, the final decision to award the ML does NOT sit with DAERA, as this is a Ministerial decision due to the projects strategic importance. This will be decided by Edwin Poots and given recent decisions to put the economy before environmental disruption (HS2), I’m fairly confident. Spud posted a rather interesting tweet on this last night: https://twitter.com/spudtheplumber/status/1227330073340129292?s=21
Scored
I agree we all want Infa to succeed and imo it will but it is going to take time. However if H & W get up and running anywhere near capacity and IM get the ML and FID sorted then this could easily be over 2p let alone 1p!!
I do not think there will be anymore dilution for the foreseeable by the way. H & W fully funded and I'm awaiting the EU funds and then onto the end game where we should receive funds.
Good luck
Mr T
Hi mr T no im not privy that information but i can guess by the rns we get where we are . We all in this together and i dearly want infa to be over a penny . Im sure it will be . We have the makings of a great company .We have good leadership just want the contracts to come in to service the bills before more dilution that all . All the best mr T
Agree Droderick .. voted with full facts .. not happy with SP, but we are now in eye of the storm with ML, EU funding, H&W contracts all within touching distance. I’ve lost a around £50k and under no illusions this remains high risk.
I stand corrected.
I would disagree that this was fait accompli. The new investors would not have been able to fund the acquisition without existing shareholder approval. They had no rights to vote and we were given adequate notice and information to make our decision.
droderick,
If we are getting our facts in order, the vote was on the 29th November, not the 30th...
I expressed myself poorly, for which you have, correctly, pulled me up.
In reality, the vote was a formality; the acquisition and massive dilution were a fait accompli. Private investors who are currently hurting had no say in this complete change of direction for the company.
Blair,
You live in a different universe. The H&W acquisition was put through a shareholder vote on 30 November. It was a special resolution as well that required a minimum 75% approval, which the Board received.
So let's not forget that due shareholder approval was sought and received.
Get your facts in order please.
Scored,
I'm interested in your statement,
"our outgoings are large and little coming in"
Could you supply some numbers to back up your statement please, a little profit and loss account statement would suffice. Look forward to your response!!
Mr T
Tango1,
Fair play, you are a braver person than me.
The only circumstances under which I would have approved of the H&W acquisition would involve the sighting of a guarantee, written in blood, that the government, at some level, had INFA's back. In fact, this is my one abiding hope for the company and the reason why I haven't eaten my 60% loss. Probably hoping in vain, as surely some news of this ilk would have been dropped by now. I appreciate that some things must remain political- or commercial-in-confidence, but all we see at present is the haemorrhaging of cash, cash which has had to be borrowed at punitive rates.
MEAN not deramping just realistic
TANGO you talk sense compared to some here with blinkers on . Dont say this lightly our outgoings are large and little coming in . i think things are scary not deramoing just rewalistic
Blair- I would definitely have voted for it.
Razor as you should well know traders and short term investors give liquidity long term holders and institutions give stability.
Not divulging to the market overcapacity is an opportunity missed and only communicating debt/ dilution and delay is sending the sp one way.
Had it been put to the vote, how many share-holders would have been in favour of the acquisition of H&W, funded via massive dilution?
No, any opportunity should not be seized. We are here for long term gains, not a short term spike in the SP. And the amount of tripe flowing out of Blairpeach has not escaped my notice either. Why would an infrastructure project company buy a heavy engineering company, and a legendary one to boot? The answer only requires a single second of thought
Let's not forget that the new chairman has a defence pedigree having been with BAE and QinetiQ
WARSHIPS - That would be great and lift us please infa this is important a nice rns would not go a miss