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What stood out in the interview was the fact the INDEPENDENT auditor stated it was the best system he had ever seen. People need to understand JW is not cutting corners and is trying to make everyone happy- Though I believe an impossible task.
Hi Lisa, the Offtake news of course was expected, on May 8th JW clearly stated was that he had hoped to have this prior to the meeting, however given the additional scope and wanting to ensure the company were getting best deal possible he felt it was worth waiting for a few weeks, which by my reckoning would be circa 5-6 weeks, pretty much when the RNS was dropped. I still have the question around the Marine Licence, do you feel that your internet research should carry more weight than the scientists / Marine experts at DAERA ?
Morning Speedy & kibuc, like a genie say my name & I'll appear! Can't grant any wishes I'm afraid though... The offtake news was expected, I called it on Monday night with Mausaeus, so not at all surprised, though the obvious leak is pretty rubbish for any guys not in the loop, but hope those guys I've chatted too here & on Twitter were able to take advantage of the brief rise in share price ... Do like a Guinness, but a nice glass of Sauvignon or Shiraz is my preferred beverage of choice :)
Come on now, there's absolutely no need for that.
Our new friendly non supporter probably went shopping today for a box each of Kleenex and Guinness.......you know, to dry her eyes and drown her sorrows, poor lass!
hTTps://youtu.be/pQL4SrZQ7c0 JW at his most relaxed discussing the RNS
Thanks lads....I will now sleep like a red squirrel in winter !!
Listen to the very end of this vox podcast
**************************************/articles/ananda-developments-on-their-acquisition-and-eurasia-mining-provide-a-west-kytlim-update-977e2f3/
Right at the very end of this it gives VOX 5 most liked RNS's today.
Infrastrata is Number 1 !!!
GLA !!
Snowie, stop worrying!
This is not the gas price it is the value to an investor had they owned the storage over the past 10 years. In other words it reflects the intrinsic and extrinsic value from use of the store based on a determination of how the space, including the injection and withdrawal rights would have made money for the capacity owner. This is to do with volatility and not strongly correlated with NBP prices. I hope that makes sense so no need to get worried about gas prices. The reason Vitol like this project is projected volatility NOT any forecast of outturn natural gas prices.
I thought the 28p-38p a therm average was a bit low though.....look at this forecast....
https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
‘This statistic shows the forecasted price of gas in the United Kingdom (UK) from 2017/18 to 2023/24. From the initial price of 44.9 pence per therm, the price of gas is expected to increase to 56.3 pence per therm by 2023/24…………..Just as the price of gas is expected to rise in the coming years, gas production levels are expected to fall. From 2016/17 to 2021/22, it is predicted that production will decrease by 3.3 billion therms.’
I hope we're not in any way locked into the prices that we modelled for last ten years.(....not sure if I like the binding bit, until that point is made clear ?).....because prices are likely to reach much much more......surely as future prices rise we will get a lot more out of the deal?....please tell me this is the case.....the binding bit and the mention of 28p-38p average worries me a little bit until that is clarified.
Michael Curran, Head of Gas Trading Vitol commented: " We are very pleased in this first step of our relationship with InfraStrata and will look to partner with them on suitable projects in future."
Interesting RNS 2m before close was a buy
Well said dawski37 !!!!!!
Here,Here ,Mr Snowman --they do indeed deserve all credit ..Imagine a little AIM tiddler like ours dealing with the mega oil traders .It's only thanks to JW and AR's expertise and well founded long standing reputations that we are now where we are ..and a lot of hard work as you say ....and there's more....
I have it on good authority that the Term Sheet ( as defined by me in a previous post earlier) has been concluded only after very lengthy Due Diligence and Investigation by Vitol ..so it is more than likely to morph into a full agreement and this will enhance the prospects of the Equity/Debt Providers coming on board v soon....
INFA gets a small mention see link below:
https://www.proactiveinvestors.co.uk/columns/the-pay-zone/30985/oil-price-amerisur-far-limited-infrastrata-and-finally-30985.html
The share price will certainly rise steadily to a very tidy level over the coming weeks/months..
It was said on an earlier post that the 12 month high was 1.88p but I remember very clearly it reached 2.12p intraday in January.......although it did fall back within hours to around 1.8ish.
This time it will raise way beyond 2.12p and it will stay way past that level.
Brilliant.!!......well played JW, Arun & Co......I can only imagine the drawn out tough negotiations you had to go through..........take a bow...........you thoroughly deserve it.....I must admit I was beginning to get a little disillusioned....very very well done !!!!
GLA in coming weeks..
I confess to being surprised this news hasn’t lifted the price somewhat. However there is still execution risk and a long period before the first caverns are in operation. What will certainly lift the price will be the news of equity participation which I feel almost certainly will be Vitol to give them control over the ongoing development and financing of the project to secure their offtake agreement. It’s a big positive step but further news throughout 2019 in advance of FID will enable the LTHs to really see some enhancement to the SP.
You know when you've been Tango'd !!
My buy of 1,030,xxx shares is showing as a sell...how many of the trades today are bottom about mooey....?
And ....there are potentially more and exciting deals to come inc a FRSU !!
You watch, we will be up 30% tomorrow on no news! Strange things indeed.
Hi,Folks ...do watch JW's Chat as highlighted in the left hand margin --he has worked so hard of late and he does smile...eventually.Now I am no expert in matters merely an observer and rampant ramper as you know,but (like you all) I am bemused at the negative SP today after a rapid rise first thing then drop back to even levels of yesterday.I can only reason this :
1. A Term Sheet maybe legally binding but it is only a bullet-point document setting out the material terms and
conditions leading to discussion or a final agreement ..still more work to do.
2. The Term Sheet is subject to " conditions precedent and final agreement " not final yet .we do not know the
conditions
3..Still more work to do on Equity/Debt funding,Construction Contracts and of course FID
4. Negotiations on the final Marine Licence--- though do listen carefully to the end of the Video as this is well
under control.
5. SNIP -this has been much dialogued lately though Due Diligence will have now been carried out by Vitol and
others so should not to be of concern.
6. AIM and the MM's /vagaries of the market place
7. Profit takers in particular Warrant Holders..maybe ?
Now having listened carefully to JW :
1. This Term Sheet news today IS transformational..We are linked in a potential long term partnership with a truly
World Class Blue Chip player who is now our disclosed Partner to be.
2. It underpins the whole business and allows Equity/Debt deals to be concluded
3. It adds momentum to funding,finalising Construction Contracts ( again with World Class players) and FID.
4. Infa is setting a high benchmark for satisfying Daera over environmental issues and all information and model test
results are provided with a daily link proposed during operations.Compliance is one of the utmost concerns for
JW.
IMHO this is why the SP is muddled today -we have the sensational news that we have all been awaiting and JW and his team must be congratulated on being able to team up with the BIG boys ..when the analysts have analysed the SP is bound to rise .remember always,folks,that the BOD are themselves invested here ..speaks volumes ..onwards and ..............
So the news we have all been waiting for and we are red.. if this is market manipulation then I just despair. If PIs are selling at close to the opening price then I just must be missing something.
Also thought it would go up. Some shenanigans ongoing methinks. Was never planning on selling even if the price took off short term so no worries. The company is worth a lot more after this news than it was before the news - that value might not be reflected in the SP at the moment, but that will come. Allenby valuation at 3.3p - nearly there ha ha.
I did assume this would sky rocket once this announcement was made (which seems almost better than expected given the company name). I can only assume then if MMs manipulating would this be clearing way for a big buy(s) later ? it is a little frustrating but really glad that INFA have delivered and Offtake although late, is for 7 Caverns (not 2!)