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Might be the broker we are ditching in August...
And yes there have been some sellers but, yet again, there appears to be a concerted action to suppress the SP. If not there would have been many more sells yesterday when the same .8p price was available. Hard to tell who is doing the manipulation. Could be MM connected allowing the sellers they favour to get back in at a low price. Could be other factors.
What is beyond dispute is that todays RNS is transformational news. The effect on the SP should have been to drive it well over 1p, and it began that way. But then the manipulators became active again.
Great LSE interview out. Already have interested funders by the sounds of it. The issue is of course on what terms and funding will be subject to the usual consents, but all seems very positive to me. Dipped my toe in today.
might not be clear on the page but that Humber plant is owned by Vitol
suitable future projects, yes I liked that too. Infa have targeted possible CHP.
https://www.vpi-i.com/
Bit less stressed now.
If I was happy to dip my toe at 0.82 last week then I should be extatic to be able to back up the truck at the same price today.
I can understand the reasons for SP staying surpressed but for me the biggest issue was with milestones getting postponed time and time again, and it looks like the first one has just been achieved, so I don't mind front-running the wider market and going in big.
This RNS gives the green light to progress equity partner and debt financing, once GSA agreed and signed with VITOL potential will be reached IMHO
This part very telling.
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."
The warrants are making 50 % can't be sneezed at ,
The spike after Xmas gives this a false footing
This is the best part of rns
Michael Curran, Head of Gas Trading Vitol commented: "This store will provide reliable, flexible and long-term solutions to our regional and global client base. Gas is an essential complement to wind and solar and, as the energy mix evolves, we anticipate its role will grow. 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."
Just seems very strange that the SP hit a 52w high of 1.88 when there was no offtake, more uncertainty, less clarity on social issues, etc etc
Nothing macro has happened to the UK gas sector, etc that should be dragging down the price so now with a major offtake TS in hand, closer to funding, etc etc it seems laughable that the SP is 50% less.
As said I will hold my shares until bust or glory and am used to it with AIM but just doesn't make too much sense at the moment
Their loss! Great times ahead.
and everyone bails...what a share.
People were up 40-50% from 0.7
Chrisatrdg, exactly the same over on the WRES board, no news sp goes down, bad news sp goes down, good news you get the pattern. Frustrating hey.
I could understand if the price went up 50% and people then started to sell to capture that but it didn’t
Not sure what the market needs for the sp to break a penny
Very strange but I guess thats AIM
The RNS definitely was a major positive announcement, but plenty more to come, I know it is crazy but the Marine permit will probably give the biggest boost even though we are not reliant on putting salt back to the sea. Offtake actually shows the demand is there and is BINDING!
Infrastrata
INFA has announced that it has signed a deal with Vitol as its exclusive off-take partner for its Islandmagee gas project for a 12 year period. Whilst there is still much work to be done readers will know that I am not surprised that Vitol have stepped up here in a deal that could be most exciting for both parties.
LSE site is crap- but Boards are better than ADVFN!
LSE is only site still showing INFRA as blue....
I guess people want to take a profit. Personally no interest in taking any profit at this stage but perhaps if my break even was much lower I would think differently .. blue skies ahead
You could not make it up after months of waiting & a positive RNS the SP is going down.
Excellent news this morning of the off-taker being notified as Vitol. The share price spike is to be expected as profit takers opportunistically take profits. But the share price should rise gradually as the news spreads and it won’t be long before we are in the 0.01p plus prices. I have a relatively small holding in Infrastrata but when I researched this company nearly a year ago I believed in it’s goals and the need for gas storage. The future is very good for Infrastrata and all it’s shareholders. Excellent news again today. Good luck everyone. IMHO.
Cautious optimism as a piece of the jigsaw drops into place. Promising start!
This is pure speculation on my part but Vitol is not just one of the world’s largest gas traders - it also owns VTTI (www.vtti.com) which is one of the world’s largest energy storage companies. They own a huge amount of oil terminals but also gas storage.
They must have done full technical etc DD in order to commit to the offtake so it would not be a stretch to assume that they would be the incoming equity partner as well - they have a massive balance sheet and why give the equity returns to someone else??
They could then also easily fund the debt via their banking relationships.
Getting carried away I know but I think it could be a serious option.
I note there is no press release by Vitol yet maybe at the next stage hence hesitation in SP increase but still it is good news for INFA investors just a matter of waiting.
https://www.vitol.com/news-press/