Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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For all we Know, Vitol could be the next equity partner and could quite easily fund the FSRU project as it is bang inline with their growth strategy, Just imagine what that RNS would do to the SP just a possibility but a very plausible one! AIMHO
Hi Loosegoose - I believe that the delay to the EU issue was that there was to be an audit something I suspect they had overlooked but they are usual & I have been through one myself when working for a Charity as their interim Finance Manager.
in the INFA sp began after the turn of the year and it was engineered by a small group of investors working in concert via their private Twitter accounts. Some of them made a lot of money from the manipulation and they may have been helped by a broker. Their activities account for the sp fall to below 1p. The subsequent fall has been due to slippage in relation to promises by our BOD and a bit of maladroit management of AIM.
The manipulators,(or at least some of them), will be back when they see that fresh progress is being made.
By the way there is also a suggestion that the last placing may have been flipped which raises a question about who provided the share to facilitate the flipping !
Lol
Seems pretty obvious to me.....the EU are showing their usual obnoxious disdain for anything British......and being as awkward as possible because we want to leave.
I feel quite comfortable with where the company is. We need to distinguish between where the company is and where the share price is. The only thing that irks me at the moment is that we still dont know why the Eu funding was not received in the 8 weeks timeline. Why committ to an 8 week timeline if it wasnt certain? I would very much appreciate to hear what the rationale for the delay was.
I agree with Tango1 and let’s not forget, we are talking about financing 7, not the original 2 caverns. Slightly more money to factor in and there is now clarity over the long-term demand. JW won’t care about short-term holders as he’ll know they will sell on a spike anyway. It’s painful at times, but I believe patience will be rewarded. I met him in Leeds and was very impressed. He clearly doesn’t know how to work AIM, but he’s after a bigger prize.
I personally don't think JW got things wrong, I don't recall financing was at an escalated level- just that there were several interested parties/ Banks- Financing was never going to accelerate until Off-take agreed (which it recently has). The SP nose diving for me started when the Alleged broker letter stating issues that were not issues was released ultimately ending with their removal (next month). The Brokers are the conduits to market and I am sure they can cause problems if they want to... AIMHO
Chris,
Yes I think many are cheesded off here at the moment, after such a fantastic end to 2018 and initial start to 2019 things appear to have gone from bad to worse.
I think JW got things wrong, by that I mean he misinterpreted the timescales involved here in particular regarding the financing arrangements. If you remember around December 2018 it was inferred that financing was well advanced, then we had the news of additional parties being interested! this was good news and everyone thought so at the time, the more interested parties the better deal for Infa.
However these apparent negotiations have dragged on so long that investors have lost patience and interest, yes we have had news of the offtake, but we need the finance part of the equation being settled. I can't believe such things as licences have anything to do with the hold up! surely anyone involved in these negotiations are aware of those issues, if they are indeed an issue?
The initial finance deal can be settled and announced "subject to" any issues arising? That will then let investors know of what proportions Infa will retain, what management fees they will receive to manage the project, and ultimately what valuation can be placed on the Company.
The sp today reflects no valuation whatsoever for the project, therefore in my opinion we have much too look forward to and hopefully the sp will at least start to rise, and volume will appear.
Mr T
I know people are a bit cheesed of at the moment but we are a million miles from when we were in the 'Last Chance Saloon' a few years back so it is a matter of being patient & the good ship INFA I am sure will dock soon.All enjoy this weekend of sport.
Thing is they are managing the projects not the share price or mm manipulation
Hehe, ‘a canny Scotsman’! The share price was collapsed and shareholder sentiment obliterated, he has a massive up hill task now to turn things around. It seems many pi’s are under the illusion that our canny Scotsman is yet to play his ace card as he is awaiting SiC to depart. Let’s see, from what I’ve seen this year ‘canny’ is definitely not the word I would use!
Don't forget John is a canny Scotsman. I've talked with Arun, very smart. Small team big ambitions . Invest or not invest you are always in control as pi's
Lol
Crl
EU funding will come when the EU are good and ready to pay it?
I'm afraid like most things regarding the EU everything takes time? There's not much infa can do other than chase and wait.
I agree about yesterdays RNS although as certain posters point out this strategy has been mooted and Vitol also stated that they look forward to working with infa on further projects. Therefore it should come as no surprise when these potential projects are announced. On the face of it there will be little up front costs to infa apart from a piddle issue of some shares so there is not too much to be concerned about other than we don't have many bodies in situ here so lets not start spreading them too thin!!!
Also agree I think things will pick up once the broker has departed.
Mr T
I’m with Malcy. Gung ho. Should’ve stuck with Islandmagee exclusively. Error. Market don’t like risk. It wasn’t necessary and the cash coukd go elsewhere. IMO looking for quick entry/exit profit for BOD at shareholders’ expense. For goodness sake get EU funding sorted and caverns up and running. This happens all the time with companies who don’t lean on prudence. It may be MM manipulation too but I was very disappointed by their over-ambitiousness. See this through first.
Too late now.
InfraStrata to develop UK FSRU project
https://www.lngindustry.com/liquid-natural-gas/10072019/infrastrata-to-develop-uk-fsru-project/
Edit: At least someone thinks there something to yesterdays RNS.
I think certain brokers have had their noses put out of joint. Soon rid
am sure covered in an earlier post, but haven't INFA been asked to look into this by the people they are about to go into long term partnership with ? It was clearly stated as part of the strategy on 9th May and then when they actually do what they said they were going to do its a big surprise .. oh well
Malcy's Blog yesterday.
'Infrastrata
Another RNS from INFA but not the one that all are waiting for, yet. Today they announce that they have entered into an exclusivity agreement with Meridian Holdings, a Cayman Islands Company, to facilitate the development, and an acquisition of the promoters Floating Storage Regasification and Reloading Unit Project offshore Barrow-in-Furness in the United Kingdom.
Whilst this does indeed give INFA access to the substantial demand of the UK market, and provides a potential market for gas stored in Islandmagee it looks a bit like putting the cart before the horse as the project itself is not yet funded or had FID. What is more there is little indication of how much it will cost, INFA are putting up 100m shares (of the 1.33bn in issue) and an as yet unknown cash consideration for a minority stake, assuming that they can sub out the rest. This for a company with a market cap of only £7.5m is taking a fair amount on risk I would say.'
Well....it has to be said....no risk...no reward !
took time to get but got it in the end!
Sorry my decimal points were all over the shop.
I think we will be handling between 680million quids worth of gas per year at 28p per therm and 930million quids worth of gas at 38p per therm.
What % would our handling/processing fee roughly be out of that?
Biggest spend since your post £998 !
Think this is top up time for me.
Not bottom drawer!
Has always been intention of JW to take this gem into main exchange.
Most companies have no such intention........Class Act!!