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Snowman .....you sound just like the announcer of the 1970's TV show featuring the Old Tyme Music Hall Shows !! Anyhow folks as a 10 year LTH waiting for another few days or even the whole of January is of little concern ..when the RNS appears in the eastern sky ( and for sure it will soon) it will have been well worth the wait and with all thanks to JW and his well assembled expert team. for those out there who are day traders when it does come by all means take a punt but also consider the longer term if you have any kind of vision. I do not have access to the gems and links provided by the likes of Spud and Mcadder and others but those links tell all ..enjoy the Christmas break and anticipate the post break period with super excitablility if there ever was such a word from Music Hall,Snowman !!!
Mcadder, I am a more reserved sort of character so may I, with timid reservation suggest.....forget the monumental deal......I'm plumping for a superlative universe-busting super-uber munificent precipitate redolent segacious salubrious trenchant tenacious voracious efficacious effulgent didactic comely adroit and adamant deal !!!!.......lol.
'Better to make a "GOOD" deal - than a BAD deal in haste, agreed?' Agreed....but luckily we have JW going in to bat and not Theresa May! Yes the negotiating is tough for both sides.....but it is not that rushed and have been at advanced stage for a long while. Whilst the 23 cavern scenario is newish to us, I very strongly expect it is something that JW has had on the cards all along, that came across after speaking to him in London. I think JW is well prepared for the skirmish and both sides are well aware of the target date....IMO this is all already wrapped up ....we will be fine.....personally I would much rather see the target date fulfilled......it is more professional.....it is not as if the festivities have suddenly crept in as an surprise unanticipated factor. However...whatever unfolds... GLA and Merry Christmas.
"In my Opinion" I wouldn't be to worried if John missed this EOY deadline (I'd be happy if he did), for two reasons;
1). Seasonal festivities, both: EOY & NY 2). This negotiation requires expert negotiation skill sets of which I am in no doubt john can handle ever so professionally. BUT both sides will be OUT for the best deal possible. The bartering table will be going back and forth like "mad"
So good luck to JW and his team in securing us the best deal for both parties.
Better to make a "GOOD" deal - than a BAD deal in haste, agreed?
Gas Analytics Europe Supply & Demand Europe’s weakening gas security European gas production is forecast to fall while gas demand could be supported by changes in power generation in the mid-term. With flexibility of supply also weakening, there are risks to future winter supply security By Catriona Scott 20 December 2018 Landfall of the Nord Stream pipeline in Germany Concerns about security and diversity of supply will continue to affect Europe’s willingness to increase the share of Russian gas in its supply mix. (Gazprom) Output from leading European suppliers is forecast to decline during a period when demand could rise. Even if demand is flat, Europe’s supply/demand gap is still expected to widen in the mid-term. And it is not only the volume of indigenous production that is changing, the region’s seasonal supply flexibility is declining as well. As Europe becomes increasingly dependent on imports to meet its gas demand, and winter flexibility weakens, security of supply during the winter could be at risk.
Dec 23 (Reuters) - China’s liquefied natural gas (LNG) imports hit record levels in November, customs data showed on Sunday, with traders rushing to buy the fuel as households and businesses crank up their heating over the freezing winter months.
LNG imports totaled 5.99 million tonnes in November, up 48.5 percent from the same month last year, data from the General Administration of Customs showed.
That surpassed the previous record of 5.18 million tonnes hit in January this year.
China has been pushing to switch parts of the country to gas for heating, shifting away from coal as it pushes to clean up its environment.
Yuuup. My eyes will be peeled for an RNS. I would be really surprised to see an RNS because who works this time of year signing finance deals? I'll be over the moon to be wrong though. Even if its a month or 2 away I will hold.
Jimmy00 'Funding announced tomorrow? What are the chances he will miss a deadline?'
Jimmy, we also have all of next Thursday and Friday (27th and 28th) which are both full stock exchange working days (therefore an RNS can come out on either day) to hit the target......... John Wood says they are on track......they will be on track.
I would bet my last silver dollar that the target is hit !
John Wood, Chief Executive Officer, commented: "It is testament to the team that we are building at InfraStrata that we have managed to deliver these milestones in a timely manner. As we progress through to the end of 2018, we are working hard to close out the equity funding for the Project. We are working through the process methodically to ensure we create maximum shareholder value. We are working to ensure we hit the ground running in 2019 with many work streams in progress"
As a shareholder this sentence is key!!
"We are working through this process methodically to ensure we create maximum shareholder value "
From 5th December
"Completing this final milestone allows the team to concentrate on completing the negotiations that are underway with three potential equity providers that have provided the Company with term sheets for equity funding (at Project or subsidiary level). The term sheets are not binding and at this stage it is not guaranteed that InfraStrata will enter into a binding equity agreement. However, discussions are detailed and advanced and InfraStrata is still on track to provide a full update in Q4 2018 as previously stated."
I prefer the term "hitting targets" as opposed to "hitting deadlines" lol.
JW is indeed being very shrewd here - the recent developments imo will be helping us shareholders to retain the biggest possible percentage share of the project from stakeholders -
The completion of FEED and additional concept studies Letter of intent from an offtaker Application for £40M EU grant Confirmation that 6 parties interested in offtake agreements Application for additional 15 caverns and now the recent land purchase.
Add to this over £11.5M spent on the project to date along with the extra value the existing EU grants, PCI status and UKGS - JW will be in a good bargaining position.
Therefore I expect any funding announcement to be very favourable indeed!