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"From a strategic perspective, it is our intention to be far more than just a one project organisation. To that end we have adopted a strategy that seeks to ensure the Company starts generating an income in the mid-term to cover running costs at the plc level."
"Finally, when the business is sufficiently mature it will allow the board to consider returning cash to shareholders whilst retaining sufficient funds to invest in new value enhancing projects."
"All of the above has now presented a unique opportunity; one that enables the construction and effective monetisation of new gas storage facilities in the UK. Market participants, i.e. producers, traders, network operators and consumers, are all now willing to pay for gas storage at rates that make these projects commercially viable. To a large degree, there is now a clear realisation that underground gas storage in-country is possibly the only method to provide adequate security of supply given declining gas production, variability of LNG cargoes and other connected nations having similar increased gas demands of their own during periods of peak demand. "
'.....withdrawal capacity of up to 22 MCM per day and injection capacity of up to 12 MCM per day........The planned capacity is 132 GWh/d. The compressor station will have an installed power of 9.5 MW........'
This is only with 8 caverns.......eventually I guess those figures should be upped to 23/8 x those figures which would be:
'.....withdrawal capacity of up to 63.25 MCM per day and injection capacity of up to 34.5 MCM per day........The planned capacity is 379.5 GWh/d. The compressor station will have an installed power of 27.3125 MW........'
Jimmy.....'The most conflicted 2 hours of his life'...?,,,..no, this is an average day!.....Deep breaths....much better....unconflicted now....I am more up and down than a dodgy aim stock!......I would plead insanity, but if I do it would probably be accepted then they wouldn't let me out of the institution without me being very heavily guarded.
Obviously that would mean I wouldn't be allowed access to any electronic devices so would not be able to monitor my swiftly amassing fortune and so sounds like not much fun.
Therefore I will describe it as yet another temporary blip.
I must say this.....that although for me life can be quite a bumpy ride (I'm not the most stable and moderate character on the planet), it is at the same time the most enjoyable experience and win or lose, I can say with all honesty that I really enjoy every moment (almost!!!) ....I am on a few sites on a couple of boards but I have to say that this site is a very friendly and most enjoyable one. So thanks to all of you for that!
Its just I didn't read the results of that meeting at the time. I only had a look after Eyeguy highlighted another RNS from that month....I got spooked....I thought it must have been a misprint!
and yes....I know JW is very anti-dilution and I do have a lot of faith in this BOD.
I'm not a world class researcher, but I do have some excellent qualities of an investor such as shortage of funds, low IQ, suicidal tendencies, tendency to over-exaggerate and over-react, sheep-like conviction, blind faith, emotional and mental instability on a grand scale and an addictive gambling nature. Besides all that, I am a pretty good judge of character and my heart rate has returned to the normal millions per minute after a brief peak of billions per minute....LoL!
I'm back in my seat, the stewardess has calmed me down and I am once again ready for take off!
A plan to reduce Europe’s dependence on Russian gas looks shaky The Southern Gas Corridor could even hand Gazprom more clout Jan 5th 2019 FOR YEARS, western European countries have worried about their access to gas, almost two-fifths of which is supplied by Russian pipes. These fears have not receded since in 2014 Russia cut off gas to Ukraine, the main thoroughfare through which its gas arrives in EU countries. Three times since 2006, rows with Russia have stopped gas flowing through Ukrainian pipelines, leaving customers down the line shivering. EU leaders have long pondered other sources, such as American LNG, but the latter is far more expensive.
Such worries have flared again even as, in 2018, imports of Russian gas by EU countries reached a record high. On December 29th Russia rejected European demands to release 24 Ukrainian sailors detained after it seized three of its neighbour’s ships in November. Ukraine is calling for fresh sanctions on Russia, raising the risk that it might once more cut off supplies.
Anyone who spoke to JW at the presentation will have picked up on how anti dilution he is at plc level!
Nothing worse than hindsight research lol
Strange thing to pick up after you've almost 5 bagged ;)
Its just that it seems an awful lot of shares to issue.....I can't see why they would want to issue such a staggering amount of shares.....18 BILLION shares at 0.01p and the best part of a BILLION shares at ONE PENCE per share.
I'm sure everything is fine or somebody else would have picked up on it.......But I can't help being a little sort of spooked by the sheer volume.....I can't get my head around it at all.
Sorry for the one line response Snownan!
After looking myself I cant find the info that was available
I was at the AGM in question and resolution 8 was to allow the board to issue more shares if needed. Which was unanimously voted through!
RNS Number : 6177V Infrastrata PLC 31 January 2017
‘…..Share capital reorganisation …… Pursuant to the passing of resolution 8 at the AGM, the share capital reorganisation to change the nominal value of the Company's ordinary shares will take effect from close of business today. As a result of the share capital reorganisation, the Company's issued share capital will comprise 188,041,599 ordinary shares of 0.01p each ("Ordinary Shares") and in addition 895,424,391 deferred shares of 1p each (with no voting rights) and 18,616,118,301 second deferred shares of 0.01p each (with no voting rights).’
That last bit is weird..’and 18,616,118,301 second deferred shares of 0.01p each (with no voting rights).’ That’s 18 BILLION shares !
I must admit, I never noticed the mention of 18 BILLION shares..............what are second deferred shares ????