Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I share people's frustrations & I am now at a point of considering pulling out in order to break even & protect my limited funds.
However if INFA were not progressing & had hit a legal brick wall they would be obliged to update the market & so far they have not (No news is good news).
In addition legally JW & JT are likely to be governed by the fact that they are in a period of purdah & now cannot legally speak to us.
I think we can only wait & see or sell up.
With regards the market we are now at risk of a SP slide AIM punishes shares where there is a period of silence.
Currently I am continuing to HOLD.
Cheers kibuc, & "JW can have my firstborn" lol :) Setanta you have probably filtered me but omg this is so good... "There is a strong element of ego in the latest poster. He's here to annoy more than to enlighten.....Of course he's entitled to post to his taste and to his own level of condescension." I do write facts in a dry way, that may come across as condescending, apologies, not meant that way, but this is def going on my headstone, great writing (as "she" tho..) Go well all tonight :)
A solid news release is desperately needed, as more and more posters here are getting passive-aggressive towards anyone who doesn't repeat the mantra of "everything is awesome, blue chip company, funding secured, JW can have my firstborn". I, for one, am very happy that Leesadee provides a contrarian point of view, same as I was happy with Mitch's contributions.
Luckily, all it takes is one announcement and we'll all be friends again :P
I took some profits from the gold mini-rally and took a stake with INFA again. My timing was, as always, impeccable and I'm already -10% after just a few days. This stock is a cruel mistress indeed :)
Hi all, I'm really surprised at being "rumbled" as I did say exactly who I was at the start! Dan even welcomed me on here as a resident & some have welcomed a balancing of views. I use the same name on Twitter...not hiding anything or trying to mislead. I understand you may not want to read my posts if it's not agreeing with the infa narrative you prefer, & that's grand. I would respectfully suggest it unwise to only read the positive angles put forward in RNS' though, whatever the project. The points I raise are sound, & backed by evidence & links should you wish. Pete I'm no politician, would be rubbish & I've already lost your vote, & yes dawski, good spot I'm a woman :)
Lol lmao rofl pmsl. Your post sounds totally wishy washy and woolly.
this project is needed .The E.U and also The U.K. government think so and are prepared to back us as are the LTH's here ...still think that he's a she !!!
Leesadee makes are straightforward :
1. There is no need for the Islandmagee project because the UK gas supply is secure,low cost, and the UK govenment doesn't see any need for it.
2. There will be a big problem with the marine licence.
3. There will be a potential problem with SNIP.
4. A further public consultation will be needed to extend to 7 caverns.
His modus operandum is to ask rhetorical questions and to avoid any contrary evidence, (eg the fact that Stublach was heavily oversubscribed ) by hiding behind false modesty relating to his knowledge rather than accepting the point being made. Asking Dawski whether it would upset him if the project were to fail. That may be even a daft question.
There are two proper answers to his assertions:
1. That the BOD of Infa answer those assertions.
2. That the Bod of INFA declare the overdue offtake and funding arrangements'
I like the second option.
There is a strong element of ego in the latest poster. He's here to annoy more than to enlighten. He's been " researching salt caverns since 2015 ", and he's an Islandmagee resident but it's taken him until last month to raise so many cogent points. Of course he's entitled to post to his taste and to his own level of condescension.
Let's have the offtake and funding information. That should answer all our questions!
......at present because we await that little red dot on the top of the board and without it the SP is in the doldrums .The current projected deal ( 7 caverns + 110% Blue Chip Partners Equity and Debt Providers) is a tough call for a small AIM Company like ours with many pieces to fit together.When the announcement of the identity of the chosen Offtaker ( or even Offtakers) Equity and Debt Providers is made the roar will be deafening ..be assured and have confidence over the weekend !!
upon which delay you think is explained Mr Triumph. The RNS from which you quote also says that " The Company is at an advanced stagein negotiations with the final two offtake partners and the board of OnfraStrata believes these negotiations will REACH A CONCLUSION IN THE NEAR FUTURE (capitals mine). The near future can hardly be construed as the end of 2019 . On rereading the RNS it does come across as being a bit weasly in parts.
I think we are overdue some unequivocal good news in place of the current silence.
Morning all,
I echo the seniments being posted on here.
The last update was 9th May when they indicated the EU funds would be received within the next 8 weeks? therefore should b hearing in that respect this month. Remember that the dynamics have changed here somewhat re the negotiations whereby negotiations have moved forward in the following way from RNS 9 May 2019:
It may be that InfraStrata is able to secure an offtake deal for all seven caverns (phase 1 &2) rather than just the two caverns originally planned for in phase 1. If this is the case, FID (final investment decision) for phase 2 (five caverns) may be advanced by approximately 12 months from Q4 2020 to Q4 2019, with the knock-on effect of this that FID for phase 1 is delayed by six months to end 2019 due to phases 1 and 2 being addressed together. However, overall this would represent a six month improvement on phase 2 FID and bring the benefits of a larger project than phase 1 alone.
Therefore the delay is explained? I think!
At this stage I am prepared to wait, I would rather do that than have another update with the word "delay" incorporated! just my opinion.
Mr T
Agreed,folks..am still confident that JW has something up his sleeve (or his kilt !!) for us as he is in the Long Term Game here and is a highly regarded and experienced operator in this field...yes,we do own the field.....but as you say we are all somewhat exasperated now after 6 months of no real news.
Agree with you Nobby. Infa, allegedly, had a deal available in December which was rejected to enhance shareholder interest. Delay was then put down to Christmas! Now here we are still waiting. I find it hard to imagine why any deal is taking so long to complete.I'm too accustomed to fine words on AIM leading to nothing, so I think it's high time we had good news or an explanation.
Nobby, my view based on JWs comments of “a few weeks” is that there MUST be an update next week either confirming the deal or explaining rationale for any further delay
The BOD really do need to post an update now on the status of negotiations.
Their earlier frequency of RNS means not unreasonably investors expect to be informed and I am now of the view that we are not.
The principles of an offtake agreement are well established irrespective of cavern numbers. It’s about duration and the SBU price once injection and withdrawal capacities are set. I’m increasingly disappointed by the indications that a deal is soon to be struck which was first posited late 2018 on the lesser number of caverns.
I have been patient but cannot be for too much longer !
Maybe not gas but interesting interview nonetheless
https://youtu.be/DuEnoAsB9eI
So close. :)
Sorry bad input on grammar.
Will it take two years before one therm of gas can be put into the ground.
How much brine will go into the Lough in those two years?
I would I have in the past see better shares.
to look like the longest negotiations of all time. Over six months now to agree on offtake and funding . We haven't had any decent news for months. So the Sp goes slipping and sliding. Come on JW get it done, please.
That was the UT.
Wot ??????????
Gil on twitter.
#INFA auction after hours at .848, could it be time Mr Bond.
Always shows up and comes out with nonsense posts when the share price rises
Total nonsense as always ...I thought that Naz had been banned for false news some time ago ? As you say we need honest positive information /comments on this Board ..nothing else is acceptable..Even if the comments are not necessarily fully what we want to hear ..if they are constructive and well researched those will lead to a good dialogue ..that's what the forum is all about !
Please sense check your posts before you send them. That way we won’t have to read incoherent drivel. If you have a valid point to make then by all means post it as I think most folks on this BB are ready to learn more. Thank you kindly
How long will it take to store even one then of gas .
Does it take two years and lots of cash.
If two years that amount of brine pumped into larne Lough is not equal to a net scrapping the oceans.