George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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aren't they supposed to be earning money from Project Management Fees once construction starts (next year one hopes). Wouldn't that + Equity Funding, FID, Marine Licence see a significant increase in SP, so 6-9 months back over 2p?. and 2-3 years >4p ? Conservatively if all goes to plan
Until the company starts making money the sp is going to go up/down/sideways on sentiment and news only, regardless of anything else. That's the reality I'm afraid. You may have to hold on for another 2 or 3 years if you believe this company is going places
Have to say I have been a little irritated lately, and personally always engage in a civil and constructive manner. The fault finding in everything and anything is getting ridiculous, including the venue for the Public Consultation not having enough parking and refusal to change to the Town Hall, despite the address being already provided to every single Island Magee resident ... anyway that's my mild rant for the day .. next the MMs !
Radders
Forget the protestors, they will never ever accept whatever reasoning or arguments are put forward. They are probably professional protesters, they will turn up and protest when summoned! probably have no idea why they are in fact protesting, a bit like all those eejits in London recently with that purple boat!! where celebrities fly half round the world and back again to join in!! you could'nt make it up? but they do unfortunately and too often for my liking.
Mr T
think we need to accept that the protestors will never be appeased, just managed. Where I have directly asked whether they will be satisfied when DAERA have confirmed that INFA are fully compliant and issue a Marine Licence they just don't seem to want to answer or deflect
oops- Patience. LOL
Longlad thanks for your post backing up MT Triumphs opinion. Just a couple of observations : What is referred to as flipping is, in fact, shorting. That raises questions :1. Where did the placees get the 125million shares to sell before they provided the placing finance . 2, They must have been told about the placing before they sold, and the selling began in earnest a couple of weeks before the placing, so who told them? 3, What did the brokers and what did the company know about the placees,(ie flippers).? 4 What I have outlined here is not illegal but it is very dishonest. 5. No major PI's in Infrastrata were invited to take part in the placing. Why not?
Fast forward, We have seen the stepping down of a chairman and the dismissal, (not yet gone), of one of the brokers without any satisfactory explanation being given!
Lastly. JW excellent CEO though he is has consistently provided longish time lines at investor evenings and interviews. That is manna from heaven for shorters ,and so it goes on!!
Excellent post,may I say --I work with a private health care organisation --couldn't agree more !!
Once GSA signed the offtake deal is done,I think we will be a lot higher and when the protesters are appeased after seeing all the monitoring of the brine that is proposed we will be higher (personally think the marine permit will give the greatest rise- even though it should be the offtake) just patients required.
Extremely tight spread here, indications? breakout? to the upside obviously, got to come sooner or later, surely!
Mr T
Setanta
Mr T is unfortunately correct in his observations of how aim placings work. Aim companies are constantly looking for investment, big money sells ahead whilst the share price is higher than the placing price they agreed to buy at, they make their 15% or so and move on to the next cash starved company where they repeat the process. Think about those guaranteed cumulative 15% profits over a year.
Regardless, I’m sure infa will come good. JW seems like a save pair of hands, which is half the battle as half of the ceos aren’t capable of tying heir own laces
you're right in all those assumptions MR T. Not at all sure about the flipping but I agree with your paragraph 2 events but not necessarily the sequence. Go well.
Sentanta,
The placing was flipped in advance as is usually case, the investors then make their 5-10%, then once that is done the sp falls well below the placing price. This scenario occurs in 9 out of ten placings on aim, then the sp sits below the placing price for several months after that event. We are well below that price and it seems destined to remain so for the foreseeable future. I would have thought last week's news would have pushed us up to at least 1p, but it appears it hasn't, in fact we are now back to where we were prior to that news.
My view is that the deal with Vitol has to be formerly signed off, that should confirm the offtake to the market, tick. Then we should receive the 1.6 million from the EU re the outstanding funding, tick. Then the appointment of a new Chairman should happen within the next 6 weeks, another tick. Then the all important finance announcement, another tick. By which time we should see an sp at over 2p maybe even more dependant on the deal. The further deals in the pipeline, tick.
Hold now for large gains or another crack at 2p for starters, 2p would only value Infa at circa 26M still peanuts if everything falls into place as I think it should.
Mr T
Thanks for your comments MR T and I'm glad you reminded me about the single investor in relation to the 1.2p placing. But the "flipping" scenario doesn't fit because the SP has never been over 1.2p since the day of the placing.
I firmly believe that the SP is being manipulated yet again. I also think that the event that will change matters will be the appointment of the new Chairman. And the manipulators will have word of that before you or I do. Left alone the SP would be well above that placing price. Tedious and frustrating now for LTHs. One just has to believe in JW!
Setanta,
In my experience the investors who participated in the recent placing will be long gone, it's usually the case these placings are forward sold into a higher sp at the time, I don't believe these investors would be sitting there on a substantial loss postion? I'm afraid that never is the case. It was rumoured that the placing was one subscriber, however that was never proven so as far as I'm concerned it was the usual placing, ie the big boys flipping those shares making there small cut? Unless however someone can dispute that scenario?
Mr T
In one of the recent interviews JW was asked about the poor performance of the SP and he showed some disappointment but opined that it might be due to a lack of confidence engendered by the actions of past administrations at INFA. One could easily imagine that that is the case but it is only one possibility among many. There has also been near constant manipulation by MMs and relatively small groups with their own agendas which have entailed lowering the SP and keeping it at a low level. While there is the sightest doubt about the project and/or longish time lines that scenario will persist. Is it frustrating for LTHs? Of course it is. Just imagine how the investors who bought into the 1.2p placing must feel. The SP at his time should be well above the 1p mark. Of course there are genuine sellers but the is also manipulation and that won't change until those responsible decide to let go.
Great interview and god to note that additional options presenting themselves. This will undoubtedly take more time and give MMs the opportunity to drive sp down on low volume. So bring on .7p, my target to mop up another half mill!
“Not” some half concocted investment strategy!
(excuse the omission)
Mr T
I too am totally bemused why anyone would be selling into this current news environment unless you simply do not believe any of what JW is saying or you can’t get hold of your Neil Woodford units and are cash strapped! But through all the years and all the fears if holding this stock right now to me at least feels like the very worst time to sell up and head for the hills. This is a mini El Dorado and some half concocted investment strategy. Let’s see if we are right as all that is needed is a small addition to the huge reserves of patience us LTHs have shown through the years.
Large sell just gone through which explains the falling sp, One would ask just who is selling here at the moment, this is definately the reason for the stagnant sp at the minute.
I can only see positive news on the horizon, therefore once these sellers are out, the sp should fly!
Mr T
Once the residents have had their consultation with INFA and DAERA end of the month (next week) I think we will be in a better position because they will know we have the environmental issues covered. Plus they will have a chance to ask any questions, It is very good DAERA is their as they will see for themselves if the protesters are just trying to stop it for stopping it's sake and not for any environmental issues.
At 5:40 in the video JW mentions that since the news broke there have been a few more other organisations wanting to get involved at this late stage. More options is better than fewer but they will take time to be properly researched.
Should be good for the SP. Nice to have the offtake partner sorted and with additional projects being formalised and discussed. I am not exactly sure what a “few” weeks means but in the long run a “few” weeks is neither here nor there. Also with the FID of the 5 caverns in phase 2 being advanced, bodes well for reduced risk and more value. When the risk reduction and value starts to be priced in, I believe there will be a lot of excitement - market cap still so low!
Nice to get the coverage. Had to laugh though!.......'Islandmagee to be 500mm cubed (500millimetres cubed!) ...should read 500Mm cubed (by convention).
Still, I'm sure most people will realise what it means.
Also brilliant interview that yellow Jersey gave the link to.
Won't be much longer anywhere near this level !!
At 6 minutes 30 secs in the video JW addresses ongoing debt /equity negotiations. He's looking at 60/40 or 50/50......that would be huge for share price! "It will come out in the wash in the next few weeks, he says!
Exciting times indeed......stay tuned