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I dont't know why so many posters are obsessed about delays in provision of the EU funding. It will come soon.
I am a lot more concerned about the Equity and Debt Partners. JW reported in April that they had completed their due diligence in April and that INFA was in advanced discussions about the relevant deals. So far, (six months later), we've heard nothing. Now that does trouble me, especially when we have just had to accept a dreadful deal to raise £700k in a placing . I,d like to know the reason for the delay!
Bull****ometer just gone off the scale.
There is NO extension...we're out on 31st no question !
Thank you Dawski
Mega,
I agree there could indeed be a thousand reasons.
Question, how long exactly does it take to read through these pages?
Do you think April until now is enough time to do so?
Or should they take 12 months?
If that is the case, then I suggest applying for such funding is a waste of time? as some company's may have gone bust having paid out huge sums only not to receive the grant proportions they had built into thie forecasts!!
I was involved in grant applications from the Welsh Tourist Board around 10 years ago, I have to say these were paid on a timely and efficient basis? They ran into the hundred of thousands!
The business I assisted relied on these monies to keep afloat at their ealy trading status!!
Mr T
Welcome to the Club,Nobby --we need a few more of the likes of you to get this gem zooping !!
HI snowman i suspect nobby is already a millionaire . Imo a few quid invested here could turn out nicely for us all . Im a small investor here but very happy how im building my long postion bit by bit monthly
There could be a thousand reasons, MrT. The Ts&Cs for these funds will run into 100 pages of small font text. EU are bureaucracy thrice distilled. It'll be something in the small print that isn't in place yet. We just don't know.
..please. Blurry eyed me got up late and got excited.
:)
Nobby you will be a millionaire on 1.7p !
Nice one mate!
Thanks I only know what I’ve posted in the past. I believe this company is now well placed to succeed after a few false starts. The market is now there, the individuals are there and we all patiently await the next big steps
Nobby
Fair play, hope she comes good.
Good morning all . Nobby that is some holding and guts you have do you know something we dont ?
Yes it was me. I haven’t had an invite to a dinner and I did not realise I had an obligation to report my holding but did do as soon as I became aware. GLA Z
Today is the last day for completion of due diligence for the Barrow FSRU. So INFA must declare it's intention or seek an extension.Similar delay will probably be sought when the H&W date arrives. More of the delays referred to by Olderand wiser. The EU funding is now so delayed that it is rarely referred to, except by posters on this board who seem to spend all their time moidering about it. The last 15 posts yesterday referred to it. Wouldn't it be good to see some positive news that didn't have a negative affect on The SP!
Furthermore RNS dated 9 May 2019 JW stated the EU funds of 1.6M are expected to be received in the next eight weeks?
Mr T
Mega
The only evidence I can produce is that before us?
Can you suggest any other reason as to why these funds have still not been received?
As I say I will be gladly be proved wrong and the funds will be with us in the next week or so, I hope they are but somehow I doubt it very much.
I await your verdict and reasons
Mr T
£1-2m is a tiny, tiny % of this EU funding pot. If you could present evidence that all UK entities in similar situation to INFA are having their funds withheld, then you'd have my attention.
JR
No figures, but a little info on duration on rental agreements;
https://www.irishtimes.com/business/commercial-property/lease-on-harland-wolff-site-would-limit-residential-or-commercial-development-1.3985413
If anyone falls down a lift shaft they might end up sieving through this out of boredom, 2016 report;
https://www.belfast-harbour.co.uk/documents/download/1191
....they may be in receipt of EU grants!
Snow,
Pretty much agree with you 100% .
I can't think of a single reason why Infa have not received this money, apart from one, Brexit???
JW clearly expected this to be in the coffers earlier in the year, no question about that imo, then he said it will be received following the summer holidays, i.e. September or October? not an unreasonable assumption in the great scheme of things.
That then begs the question where the effin hell are those funds? I'm not saying they are crucial but they sure would help. These funds would give reassurance to the market that funding isn't required in the near term, they would also aid the other ongoing projects.
Snowy, I think we are bang on here, the EU are withholding our money, and there can be no other reason than what's happening or not happening at the end of the month!! this makes absolute sense to me.
I hope we are out in a few weeks time then we can ask the UK government for the funds although I'm not saying that will be a quick and easy process
Mr T
Does anyone know if there is Ground rent payable to Belfast harbour estates on H&W and roughly how much it is?
YAWN!
Just make sure everyone has their BS deflectors at full charge as the next two weeks is going to be a barage of scare mongery.
Get it done and get us out, we have survived much worse no matter what.
With respect to everyone's opinion regarding what the EU will or will not come out.....anyone who thinks they know for sure are totally misled.
My own opinion (and that's all it is....everyone is welcome to their own) is that I totally disagree about EU not witholding funds....... I said more than 6 months ago that I believed they had no intention of paying....I have from time to time since then, I admit, said that the EU funding won't be long arriving, but in all honesty that is just the unquenchable optimist in me trying to lift the mood and I haven't really convinced myself of it........I have always really believed they are just holding out for brexit when they lump it on our government......happy to be proved wrong and will eat my words if I have to, but think I'm OK on that score.
As regards 31st October.........................I am totally convinced we're going! ..................bloody good job too!!
Our own laws.......our own fisheries........our own free trade deals........control of our own borders.....looking outwards to the whole world, not the insular little gravy-train members club of the EU.
Don't get me wrong...........I love Europe, but i love the individual and unique countries that it consists of and not the beaurocratic eurocrats that want to dominate and subjugate those wonderful countries and bring them to heel as semi-slaves, never to be free.
Rule Britannia !
THAT was well played on the 15th aug share price approx 0,395 jammy buy
I don’t think the EU will pat this but the British government will stand over the grants that fall away so I wouldn’t worry on this one.