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For jw eu money prediction to come true .
Not that I want you to be wrong jw my money's in here but it's squeaky bum time
droderick. I should be very pleased to have your take on my conclusions. I respect your opinion and in that spirit I'd be happy to have your thoughts.
Hahaha - why me BlairPeach?
I fundamentally disagree with Setanta and his thoughts are fatally flawed. I could very well factually dissect his narrative (or rant) but the exercise is rather pointless. He is better off frying his catch of fish over the weekend.
Hahaha - why me BlairPeach?
I fundamentally disagree with Setanta and his thoughts are fatally flawed. I could very well factually dissect his narrative (or rant) but the exercise is rather pointless. He is better off frying his catch of fish over the weekend.
Paging droderick...
Shareholders first?
Shareholders are a stepping stone for CEO’s to realise (or not) their pipe dreams.
I’m pretty sure JW and crew don’t think twice about the share price or how their missteps have effected shareholders investment, we are expendable to them, they need more money for their steaks and Brandy they’ll issue more shares. It’s that simple, it’s the gravy train!
If the share price drops to .01p and miraculously goes back to .02p then they’ll be boasting about how they’ve doubled shareholders money for them.
JW needs to restore confidence, if he is capable or interested.
If he does another placing down here then he will have vindicated the many who slate him as being an aloof clown.
On 1 October 2019 the SP was .52p when the acquisition of H&W was announced without,(correct me if I'm wrong ), any kind of consultation with shareholders. Today the SP stands just below .30p a fall of 46%.
In the 1October RNS details of the Riverfort loan were detailed. That Riverfort finance is proving to be as difficult as it has proved to be for many strapped companies!
On 11 November the £6m placing to purchase H&W was launched and completed. Subsequently the Open Offer and Primary Bid was launched with an ambition to raise up to £2m. Both offers combined raised £210k before costs. That's how interested "free" investors were!
In December two "contracts" were announced for H&W. They were to do inspection and maintenance of two ferries and the work lasted about 6 days. It was also work that had been available to H&W before it went bust. Since then no further work has been announced . But an augmented workforce is in place and INFA is paying the salaries and the maintenance costs of the yard. Nobody who attended the AGM thought to askJW what those costs may be ,nor did anyone ask for an up to date financial statement for INFA. Nor has either been provided by the BOD. What I fear is that we may see another placing with its concomitant dilution.
Now we have what will almost certainly be more delay on the Islandmagee project. My immediate concern is the very large financial loss I am suffering as a result of the 73% fall in the SP in the past 12 months. My secondary concern is the current lack of progress and information. The BOD is not responsible for the SP on a day to day basis but it is certainly responsible ,by it's actions, for the catastrophic fall in the past year. I do not know how much JW and AR know about finance but it is quite evident to me that they understand precious little about the way AIM , and it's constituent shareholders, work and think.
So, for now, let's have a little bit more information about the plan for INFA and let it be more transparent with clear financial detail ,JW.
scoredagainsteps- that is very true but miss the bulk of the climb- Horses for courses!
How they going pay there workers on the contracts they got . I come to the conclusion on the aim investing is hard work .Best thing instead of going through years of pain buy on the rns what says fully funded etc . Pay more but safer . Some shares i have loss ten years yes 10 years waiting
Setanta- You may well be right and also think April-May before significant change and the FSRU with the expiration of some of the permits is making it sound like another money pit of which we have not got at the minute.
An Opinion. The FSRU will never materialise. INFA can't even raise the money for Islandmagee. More than half the EU funding will go to Costain for work already carried out .So that portion cannot be used for current productive purposes. In relation to H&W my guess is that JW is waiting on government grants. It would be good to see some contracts ,yes, but what bothers me is how INFA is going to pay for an augmented workforce just now. Even Islandmagee begins to look a bit doubtful!
As for JW communicating quite frequently. I don't agree with that unless you want to claim a few tweets as good communications.
I am certainly considering biting the bullet and reducing my holding here considerably because I can't see very much that will enliven the sp in the next few months.
There are 3 possibilities for the SP to go higher:- H&W contracts,EU final funds and fsru.I was a bit miffed earlier but atleast JW communicates quite frequently which is more than I can say for a few stocks I know.
What a pity one can't say the same for his shareholders on the back of a continuation of no good news. Shakespeare was right : " Make no delays. Delays have dangerous ends"
The one that says closed was for the feasibility study and the ongoing one is for FEED,f I'm reading it correctly.
https://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy/5.1.1-0005-ukie-s-m-16
looks like 15 and 16 are Ongoing - with 14 Closed. All Have just been updated in Feb, seems difficult to work out what if anything that means.
sorry Tango, you I think are correct - looks like two entries.. this perhaps is the later one - https://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy/5.1.3-0036-uk-s-m-15
also updated in Feb 2020, and status Ongoing.
This one was also updated Https://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy/5.1.1-0005-ukie-s-m-16.
well, fingers crossed they are going through each one in turn and closing them off, personally I would say they are all apart of the same project so when something gets updated they all have a revision??
Only thing Tango is that it was only changed to Closed Status this week.
Be great if it is, Radders. Some good news would be more than welcome as opposed to more can kicking.
Apologies if this has been covered before, but if the gas storage project is canned, is INFA still entitled to the EU funds?
Am I not recalling it correctly but has this just changed too?
Maximum EU contribution:
€2,500,000
That was the earlier milestone already paid.
Is this Feb update and closed status of any significance ?
https://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy/5.1.3-0035-ukuk-s-m-14
There are only 2 kinds of RNS's from INFA - Dilution or delay, yet again they didn't disappoint.