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I seriously cannot understand the comments concerning JW and the handful ( big one) of options granted to him. For me , much more important is the level of equity that the eventual project equity funding provider requires. With the options in place JW has every incentive to negotiate the very best deal on our behalf as well as his own. With the progress made so far there should IMO be only the highest praise for the achievements of the bod. Chill out and let them do their bit and judge on the results rather than sniping from the sidelines before the events to come.
Mitch, I wouldn't get too hung up about options and remuneration at this stage. If you look at the latest audited accounts you will see the remuneration for executive directors is quite low as it should be with a loss making start up. See note 6 to the accounts. AP was the main earner in those last set of figures. Options are a way of forward remuneration for the people responsible for the hopefully future success of the company. This is all quite normal with a junior aim company and not something that overly concerns me. If the company is successful then it's shareholders will be the main beneficiaries in particular the ones that are long term holders. For me this is what it is all about, as it always is find a good stock with a good project, appears to have a good team at the helm who have delivered on a timely basis. The sp is going in the right direction slowly but surely, and if as expected the newsflow over the next few months is positive then you will see the sp respond in spades. It is then up to individuals of when to take profits or whether to hold for possible larger gains. Remember though as with all aim stocks, the sp will peak at some stage and then fall back. I'm expecting a significant uplift if the news is as good as it appears it may be!! but it may not be, it's always a gamble in the aim jungle. One aspect I wouldn't be looking at or concerning myself with at the moment is dilution? That is something you can never predict or plan for imo.
At last someone agrees with my angle on the options! Thank you "Jimmy00"
We need to make sure that awards to directors can't be made by the directors! Remuneration Committee is may up of internal staff that wants to agree with each other regardless, the effects of greed!
Remuneration should in effect only happen once a year, so why can't directors remuneration be voted on at the AGM?
ALLOW by all means the option for directors to issue new shares and strikes deals without share holder permission in order to aid OUR non-cash generating company to progress, FINE with that 100%
Just a thought the 45m options that were RC awarded to John and Andrew could partly be down to forward planning so their current holding is not so diluted (can understand that - I have created an excel sheet to calculate what I need to buy to maintain my holding)
There has to be news in the next 8 days on equity. My logic is if there is no news, there is the potential for the SP to drift. This will annoy investors, which in turn will make them bring up the highly, if not obscenely generous shares options JW pretty much gave himself.
I've been invested on and off, and I believe I'm the project and JW. But those share options should have been RNS'd after the equity news. I think equity news will be due before the 31st, if anything, to keep the wolves from JW's door.
We've had around a 60% uplift in the last month( I'm happy with that) and it seems a re-rate onto a possibly more volatile algorithm. Things are likely to get very bumpy as favourable news arrives and more re-rates make us smile!
Thanks Humpalumps (and mcadder) - good reading. The Irish 60% dependence on energy from Gas against vs the isalndmagee project looks like a real opportunity. Just researching competition - doesn't seem to be many around this size (under £13m Mcap)?
This was a good post that mcadder wrote a little while back that gives a good summary of infa :)
Here's a quick recap of one of my recent posts to give you an idea of the sheer value of the project and I've even amended the total amount invested to date from £11.5M to £13.5M as was pointed out to me the other day lol. The answer to your question re where could the SP go is anyone's guess but upon confirmation of an equity funding deal alone should see this hit 4-5p.
(The environment) • R.O.I & N.I undergoing major gas expansion programme • Gas to replace Coal, Peat & oil for heating= increased demand • R.O.I & N.I let down due to isolation/lack of infrastructure • No gas storage in Ireland means lack of security of supply • Ireland to miss it's climate change targets by huge margin • Gas spot price volatility to increase = higher consumer costs
• Will benefit 2 member states therefore has PCI status • PCI status includes storage facility and reverse flow of SNIP • Strategic asset of national importance • Qualifies or EU funding (FEED & earlier phases included) • Ongoing application for another £40M grant (decision Feb 19) • benefits from UK govt guarantee scheme • Pioneering fast response facility will be first of it's kind in UK • Potential reduced Capex costs of £265M from previous 320M • Economics to be based on daily not yearly price fluctuations • Advanced talks with 3 blue chip funders(4th now on the table) • Recent letter of intent from offtaker with 6 interested parties) • Huge interest with traders will help reduce volatility/prices • Project has sense of urgency due to closure of Rough • Application for additional licence for 15 more caverns • Potential twinning of SNIP (allowing for Rough style facility) • £13.5M + already invested in the project to date • Seismic studies show Islandmagee only suitable location • Potential different uses for caverns (decarbonisation of grid) • Potential 40+yr life of project with 21.6% forecast IRR • Fantastic bod comprising JW, GL, AD, JT and AR • Plus bod who are aligned with shareholders with a decent % • Full planning consents along with local support (RARE!!) • Storage licence & environmental impact assessment in place • FEED fully completed with all recent milestones achieved • Recent land purchases undertaken • Numerous LTH'S here unwilling to part with their shares
Interested in some opinion here - not holding but caught my eye. Thoughts on why INFA is a buy? Some volume shifted last week and a steady rise toward 2 since Nov 18. Doing my own research (naturally) but ijust started that process and interested in some views here if anyone has time?