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I wonder if their interest is perhaps more a desire to accede? This would also IMHO be compatible with the grant of options earlier this month, which seemed to come somewhat out of the blue and would, of course, be honoured by them. The outcome of the the EU grant should be known by then which would assist them in their 'due diligence'.
(Contd) Due diligence are underway. Couple that with an update around the £40m EU grant and it’s a sensible move.
The raise was done at a great level with around 9% discount, that’s minimal. Couple that with the fact that weeks ago the shares were trading at much lower levels.
Anybody who wished they’d had the opportunity to take part in the placing can buy at placing level or just under on the market. Word on the street is that the whole £1.5m went to one party.
We shall see.
“By analysis of the critical path of planned construction activities, the Company has identified scopes of work that can de-risk the Project for potential investors, which in turn is expected to add to an increased valuation of the Project. As part of the Company's equity negotiations with all potential parties, recovering costs invested to date is one key commercial element of the deal and these additional costs will be included within that calculation.”
Recovering costs - this alone amounts to the current MCAP.
Given what has been achieved to date I don’t think anybody can not be happy with current progress. The raise would never have been done on a spike and £1.5m is certainly not detrimental to the long term vision of the company.
The development process can begin with initial ground works whilst negotiations and due dilih
So in 6 weeks we will have some more definate funding news and also a response from the EU re a multi million grant. We will also have construction tenders in. A few more weeks of excitement to help the winter to pass. And during that time perhaps another eastern beastie? I'll take that!
Had to think for one moment what LOL means ..then it clicked !!! like many of you here I have been here with the great ship for 10 years and am in for the current voyage as a Determined LTH .I personally was not expecting a placement today. When I saw the mark on this LSE board I thought "bl**dy heck this is the big one ..then I scrolled down and saw the price drop ..breakfast was delayed in our house !! LIke you I am perturbed that the news was leaked yesterday but IMO today's price is the current new bargain basement ..so if you have some spare dosh that you can afford to risk ( yes this is a risk share for sure ) make it work ..not likely to see 1.21p again ....ever .I play a lot of Bridge ( am retired !) and in our game fortune usually favours the brave .I am not a ramper .I am not a professional punter but I like considered risk ..go for it ...I have !!
Mcadder, I'm not too bothered re the placing as such but like you what pi**es me off is that certain people got to know and to make matters worse spouted it all over public forums. Talk about two fingers to the bodies who police aim well a more perfect example you couldn't find, a total disgrace. I see where you are coming from regarding the equity, but bear in mind that the whole process has been put on hold since the new offer landed pre Christmas. That offer is obviously the better offer, otherwise the due diligence would not be going ahead. Therefore with other offers on the table already to actually defer slightly and then have to raise funds to be able to keep the project on track timewise cannot be anything other than positive to my mind. They have also indicated where these funds are going and they will enhance the cost of the project thus improving any funding offer. There are always up's and downs in investing in particular on aim with junior company's, but the rewards can be significant if you hold long enough. I see infa as one of those opportunity's. Mr T
Yep agreed, the placing i understand and am perfectly happy with that, i'm actually impressed that they mentioned what it was for, had no warrants in it and wasn't highly discounted - what angers me is:
- It was done after all the warrants had a go at the share price when it must have been obvious it was needed prior to the burst of those over the last week or so
- it was leaked on twitter a day before it actually happened
At the presentation our sp was 0.69p
7 or so weeks later we raise £1.5m at 1.2p (no warrants)
Short term pain , long term gain imo (I wasn't offered the placing btw)
I have a feeling we will be higher by the summer!
We are much higher than last summer FWIW!
In hindsight the 2p spike was premature
Yes we have been here before Spud, totally pee'd off that yet again certain people were in the know and yet again us lth's are the one's who suffer. A year ago we were talking about equity funding and now it seems it could be March till we find out the exact terms of any deal. The thing that concerns me now is that the % of equity stakeholders were after here could be far higher than we think and this has been done to try and bargain with a higher equity retention. The last 24hrs has been disappointing imo and I share Setanta's view.
As a lth I've been here before!
The placing is an investment for shareholders
" As part of the Company's equity negotiations with all potential parties, recovering costs invested to date is one key commercial element of the deal and these additional costs will be included within that calculation."
Trolls have surfaced at every price over the last couple years but dont last long
Great project, great bod, great entry price
Lets see where we are In 6 months
Detailed below is an extract from today's RNS & shows how close we are & suggests to me it is a 'blue chip' investor which if correct the SP will then rocket.The current SP clearly undervalues the company & hopefully the SP will retrace soon.
'The initial review of the additional funding offer that was received in the week commencing 17 December 2018, as notified in the announcement dated 27 December 2018, has now been completed. Due to the nature of this additional potential equity provider and their indicative terms, InfraStrata has agreed that they will now proceed to the next stage and undertake detailed due diligence work. Specialist advisers have already been appointed by this potential equity provider and work has commenced, which is expected to take around six weeks.'
" I wonder how long it will take b4 we reach issued shares up to or just over 2,000,000,000" Based on the increased issue since I original bought in, so 7 years last week, and using the average yearly increase over that time. I'd say 4.28 years. Not allowing for leap years and days off sick. :) Si