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I did suggest on two occasions that im could be stuck in the mud and JW is attempting to pivot to other areas, there is very little to suggest that this is not the case.
JW is Trump....you either think he is playing 4D chess or is a clown bumbling from one fiasco to another, I have him as honest but plays draughts
Picked the wrong day to have a lie in.
Picked the wrong share to pin my hopes on.
What's the betting we will get another RNS saying is okay though we got a few more ship contracts coming in.
The omnes we already know about, thanks to spud.
So p!ssed off, tempted to just cash in and go.
With infa taking H&W , the irish minister at the launch , infa should be in a good position to achieve any thing on the table,
Jw must have an idea or he would not have stalled on the fid,
I suspect we will just have to get out the eu and see what the deal is .
By then we should have the ml and able to plough ahead
Crl123. If JW was selling hope he'd be retired already because it's always on offer and constantly replenished. Maybe good for him but very unrewarding for us!
I will take this op to top up/average down. Probably my last time.
JW doesn't give a tiny rats a-hole - the ends justify the means and the "ends" may be vanity or slim hope reality but we are just collateral and damaged!
First the eu funding now this i wonder whats next !
Tango. You said "Well I must admit I did think there was something going on, and probably has for a while."
I agree, there's always something going on that we are never privy to first. Only when plans are set, then RNSd we have the luxury of agreeing or not to the finessed text, often lacking clarity. JW are you hearing your Laths?
MY add on yesterday down - just under 500 on a day plus my other buys .Not the news i wanted . Fed up with games really ppp of
We may well look back on this next year and say it was a good idea having 51% equity aposed to the 10-15% we were expecting. It is a bitter Pill but it is ours to take.
crl123 i agree with you very disappointed on this news - Happy with the ship yard lets hope they can get more contracts to move us forward
With that latest placing and now this, a certain quote from John Travolta comes to mind: "Retail? F*ck em if they can't take a joke".
I think it's plastered around many a boardroom.
Tony- IMHO JW needs to balance the news- It is what I would do- get the bad news out of the way and counter it with a contract. We will see but time will tell if I know this BOD or just delusional :-)
Shame on you. Keep to promises and value the people who have paid for your company to survive. Us.
What makes you say that Tango?
Surely any such positive news would have come in this.
I am expecting another RNS later, contract win- to stem fears! AIMHO
Having been through extensive promises and “ changes of mind” I see this as a delaying tactic to avoid FID decision and take pressure off. Shareholders are not to be valued and are cash cows . To me this is not about increasing shareholder value. It is yet another delay which lets the BOD release another deadline. Yes I know JW holds shares too. As many as me I think.
Nope. Cynic in me says DELAY not accretion. It is unbelievable how shareholders are treated by AIM and companies alike. Back to square 1 with no ladders and many snakes. Attack my post if you wish h but JW just slumped in my estimation . One thing I have learned from a life in politics is that you don’t ever ever trust governments. It’s a fob-off and the market sees it as such too.
Wow. Just wow. This is so, so bad and it's hard not to see a pattern here.
Moved 2018 FID to mid-2019 veeeery late in the day because a "better deal was on the table".
Moved FID again to end-2019 veeery late in the day because "more caverns".
Now moving it again almost at the latest possible time, again by roughly half a year at least, because there'll me even more jam tomorrow.
Shame on me if you fool me thrice?
InfraStrata plc
("InfraStrata" or the "Company")
Islandmagee Gas Storage Project - Update on Project Funding
InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects, provides an update on funding options available to the Company in respect of its Islandmagee Gas Storage Project (the "Project"). As a result of the outcome of the UK General Election last week, the Board has taken a strategic decision not to enter into a binding agreement with its preferred equity partner, with whom the Company has been in intensive negotiations to fund the Project and reach Final Investment Decision ("FID").
The UK is expected to exit the EU and numerous pledges have been made in relation to strategic infrastructure project development funding. The Board believes that there is potential to capitalise on one or more of these funding opportunities that are expected to arise over the course of the next few months. If the Board is successful it may result in the Company retaining a significantly higher equity portion in the flagship Project going forward. The Board's preferred equity partner is understanding of the position taken, given that a government supported funding programme will likely de-risk project economics significantly for all shareholders, both at the Company and project levels.
In the long run, the Board expects this is likely to result in a substantial increase in shareholder value. The Board expects to be in a position to have fully evaluated the available options within the next three to six months. If at any time during this process the Board considers that the Company's interests are likely to be adversely affected, it shall seek to revert to one of the current potential equity partners immediately with a view to formally concluding financing arrangements for the Project.
John Wood, Interim Chairman and CEO of InfraStrata, said:
"Whilst we are not taking the Final Investment Decision for the Islandmagee project as envisaged at this point in time, we firmly believe that given our forecasted project lifecycle revenues in excess of £1.2 billion, securing a financial structure that facilitates the Company to retain a majority equity holding in the project is the most appropriate route to pursue. Whilst government policy in relation to new infrastructure funding is still in its conceptual stage, we firmly believe that it is crucial for us to investigate this funding mechanism and determine its commercial and financial viability."
Disappointing at this late stage to say the least!!!
Mr T
So they are swapping what was claimed to be a cert, to a "potential to capitalise".Even if these infrastructure funds are set up, surely itll take many months to do so ... and even longer to apply and win funding.
Now i know why we had a few off book trades of late imo - I SEE a drift now why do i always buy at the wrong time
Do not be surprised to see the FSRU project going ahead, I did think the timings of the projects were too close, this pushes the IM project out in order to get on the FSRU- Both with equivelant value to INFA- remember that the ML will be disputed by the protesters so the timeframe sugested is probably equal to what it would be anyway- I did not think FID would be executed by year end but do still believe INFA is an acorn about to burst into life. I personally can not envisage any more detrimental news so however we end up today will be the bottom IMHO.
Barrow to Heysham project?,if correct that's massive
Ill be buying a few next year ,worth a punt imho
Great - can kicked down the road again