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Regarding funding Tusk stated last week that funds would be released, Not specific to INFA but your thoughts were certainly well founded (in my mind) after Donald Tusk made that statement. I personally did not believe they would withold funds but his statement was to the contrary of my thoughts.
I was just expecting an explanation to the performance of the SP of the last couple of days, which usually transpires after a climb or fall.
Tango,
In respect of what?
There should be a flurry of updates arriving in the next week re October milestones, the two crucial ones for me at the minute are the Chairman and the EU funds, I will reiterate where are these funds? I believe the EU are sitting on these until brexit is sorted, if there were to be a further delay then they will release the funds. If we leave on no deal terms, a big if at the minute, then the EU will expect the British government to pick up the tab for these claims due to UK companies.
I can't think of a single solitary reasion other than this as to why we have not received the funds. Receiving these I believe would immediatelt turn this positive purely from a funding point of view.
Mr T
Are we expecting an rns after close?
As usual lots of Buys showing as sells, should get a tick up at some point
Arun saying confident INFA will get FID by end of year. I trust Reuter’s more than share prophets but DYOR.
Tony. "Fingers in so many pies".........yes, but they are all interelated. Branching out is definitely derisking in my opinion, as opposed to "all eggs in one basket".
Can't understand why they can not see why INFA is buying H&W, it is going to save them circa £40mill (only costing them £6mill to buy H&W)and reduce construction time by 5 months + securing future jobs and industry in NI. For me it was a master stroke on several fronts.
https://www.thisismoney.co.uk/wires/reuters/article-7600211/InfraStrata-aims-final-investment-decision-UK-gas-storage-project-end-year.html
InfraStrata aims for final investment decision on UK gas storage project by end-year
By Reuters
Published: 12:23, 22 October 2019 | Updated: 12:23, 22 October 2019
e-mail
LONDON, Oct 22 (Reuters) - Infrastrata expects to make a final investment decision (FID) on its natural gas storage project in Northern Ireland by the end of the year to enable construction to start in the first quarter, a senior executive at the company said on Tuesday.
The company's subsidiary, Islandmagee Energy Limited, plans an underground natural gas storage facility at Islandmagee, a peninsula on the east coast of County Antrim, Northern Ireland.
Once built, it will be able to store up to 500 million cubic metres of gas, equivalent to a quarter of Britain's total gas storage capacity.
"We hope to do an FID by the end of the year and hope to start construction in the first quarter," Arun Raman, chief financial officer of InstraStrata told a Bloomberg New Energy Finance conference in London.
Infrastrata has agreed with energy trader Vitol to offtake gas from the facility in a 12-year contract, Raman added.
Britain, as well as its European neighbours, relies on gas reserves to manage winter demand. Typically, storage is refilled in summer when gas prices are cheaper and demand is lower in preparation for higher demand and prices in winter.
Britain's largest natural gas storage site, Rough, has closed, removing an extra cushion to meet winter demand that once had capacity to inject gas into the national network for 90 consecutive days if needed.
This year, European gas storage sites have been very full due to over-supply of gas and liquefied natural gas imports.
However, this was likely a short-term phenomenon, Raman said.
"It is our belief that the (gas) markets are going to tighten in the future and so what we have seen this year has been an exceptional situation," he added. (Reporting by Nina Chestney; Editing by Mark Potter)
Might be riverfort trying to get there average down- I have seen this alleged action posted by others on other boards.
Tango. Derampers will have their work cut out now..........https://mobile.reuters.com/article/amp/idUSL5N2773XU
It certainly seems like somebody wants to lower the SP for whatever reason, sooner we can monetise something the better.
Arun seemed quite upbeat promoting Islandmagee and the FSRU. I liked that poll, by all those attending industry professionals, showed 20-30 years was the expected duration for gas as a transitional fuel. Great for INFA!
Is it just me or does there seem to be a concerted effort to drive the SP down today? Posters, shareprophet article, assorted sells........seems like some people working to lower the price, perhaps for a buyin ahead of upcoming good news?
Consistent with what BOD are saying.
I believe them but we all make our own judgements
GLA
JR does seem to have a point, this company seems to have its fingers in so many pies, that the main event seems to be constantly kicked into the future.
11:30am
Of the news l;eaky ship here will buy some more here for a trade . Dose anyone know when we draw down another 100000 atb
JR the disrupter returns spouting negativity and planting his seeds of doubt!
What is it this time, JR?
1. A question which you already know the answer to?
2. Some info, for us "dummies", to help protect our investment?
3. Or are you actually going to reveal you've bought shares in INFA?
15 posts here since 3rd Oct when you said,
"I have no holding in INFA but am interested in NI business and projects".
So please inform us all, what is your interest here?
Totally agree with JR. I've sold out (small profit). I don't know what this company is about anymore.
Focus on your caravan site idea JR......
Can we stay focussed.... infa has gone from oil exploration ... gas storage....shipbuilding...marine something ..... let’s not grab a headline but actually work on delivering something first before jumping onto the next headline and not holding people to account on non delivery of the past.
H&W will surely get a piece of this pie............
https://www.gov.uk/government/news/uk-launches-maritime-trade-and-investment-plan-to-turbocharge-multibillion-pound-maritime-sector
https://www.gov.uk/government/news/prime-minister-pledges-to-bring-shipbuilding-back-to-the-uk
"The Government is also committed to realising the UK’s potential to be a world leader in commercial shipbuilding, particularly for cruise ships, ferries and yachts."
From earlier last month
Could be perfect timing imo
I'm guessing to allow H&W to start generating income...