Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A triumphant post, Mr triumph. Thank you for keeping your head whilst all around lose theirs
You could argue that the positives in the list presented by Bertie, are;
Placing, it was fully explained why and for what it was raised for and will be used to enhance the value of the project;
EU Grant, we were told time and again this was never part of the financing arrangements, therefore irrelevant at this stage and a bonus if it were ever received;
Delay to equity deal, again the positive to this was that a last minute deal was put on the table that the bod could just ignore? at the time of the announcement I think almost everyone though this a positive announcement!
Salt tweets, treat with a pinch of salt!! Demonstrations? again with a pinch of salt. I'm afraid we have in the UK a professional body of protesters who have nothing better to do with their time, very often these eejits are the offspring's of very wealthy individuals who just chuck money at them to keep them in the lifestyle they think they should be accustomed to! whilst they parade themselves at various demonstrations probably not even knowing what it is they are against!!
True not hard to see why the sp has retreated somewhat, delay, no concrete news so to speak of, director changes, warrants, etc etc. Hopefully in the next few weeks the tide will turn and I believe when it does the sp will move very quickly northwards.
Mr T
Mini beast from the north forecast for next week, perhaps that will herald the long awaited equity announcement!
Patients pays off. Its a win win from here, for newbies
JW was very Vocal on the SP rise, silent on the fall. Tweeting left right and centre on the rise up now his account protected.
Infa has been used as a plaything by market abusers and manipulators notice all the noise and ramping on the way to 2p and now silence
no the games were involved in the rise to 2p
Fully agree - I also don’t understand. I didn’t understand the very quick run up to 2p and then the fast retreat. That run was not based on fundamentals and was way, way overdone. I have tried to blot out from my memory. I do believe there is shareholder value here that is not reflected in the share price. Seems that on AIM the (perceived) value is not priced in. Good news breeds good news and it has been a while since there was good news. There have been a lot of statements, promises etc but nothing really concrete. It would be good to see more than just one project on the company website. The company presentations outline potential projects but until something starts with a timeline I dont believe it is a project. When a POC is started there should be some outline of preliminary scope, timeline, resource assignment etc. I will keep my holding and will probably add more. When the next run up happens I trust it will be on some fundamentals rather than on what the last one was based.
Placing.
EU grant not won (hopefully successful next time).
Delay to equity deal.
Tweet from the CEO about how he's wondering if he can sell salt followed by a load of protests about pumping salt into the lough.
Not that hard to understand why sentiment has turned for the time being.
I'm still hopeful for a good result here but lets not pretend the significant drop from 2p is just games.
Seconded both of you !! I just don't understand AIM ..OK we still have no significant news and most here have been waiting for 4 months or so now .AIM investors simply do not know patience.
We have nearly 18m so called Buys today with the sheet in bright blue but not the share price .I am not a " sophisticated investor" ..maybe I'm not even sophisticated cos I shop at Good old cheap and cheerful Morrisons etc but Infa is a totally different vehicle since the Bod takeover in 2018 .Then it was a one trick pony ..now it is a potential multi project thoroubred with quality connections ....just a little while folks ..honest !!
No brainer, placing was at 1.20. 15mcap trading at 10mcap.
First the correction. andy1978 and the ever pessimistic whatamess, the tenders which closed yesterday related to the EPC Tenders not to the Equity deals. Very different.
And the commendation goes to Turtlewax for his 23.02 post yesterday. I agree with a great deal of the points you highlighted. Like you I believe that some investors here were given the tipoff when certain events which could adversely affect the SP were upcoming. Like you I don't understand why we have heard little or nothing about the warrants which are certainly being traded,and,yes I would like to have been better informed about the placing. I am not concerned about the Marine Licence and I commend you to read the section of the 7March RNS which puts the matter in its proper context. I agree with you that there has been a degree of jiggery pokery which has affected the SP over the past couple of months or so, but i do not think the BOD were actuaries in the matter. I have my opinion but I am not going to state it here.
Finally, I think INFA has a very sound project. One believes that it is so or one sells up !!
Offers closed yesterday, I wonder how long before we get details?
Once the next RNS lands about these offers, Equity Partner, you can kiss goodbye to anything under 1p.
How long before the EPC award announcement?
From the project update RNS 7th March 2019:
We have today issued a deadline extension to 25 March 2019 for our Invitation to Tender ("ITT") for an EPC (engineering, procurement and construction) contractor, after a request from two of the parties interested. We are keen to receive the most comprehensive and detailed bids, hence the decision to grant such an extension to all parties.
Mentioned in the RNS they will recover costs in all equity deals so let me get this straight they will have more cash than the company current valuation banked, and that news is now close to being announced.
From just one week ago........very positive news.........
19 March 2019.
InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity in Northern Ireland, is pleased to announce that it has awarded an engineering design works contract to Costain plc to enable the £65m cost savings identified during the FEED (Front End Engineering & Design) process to be realised on the Company's Islandmagee gas storage project (the "Project"). These works were identified as one of the next steps for the Project as announced with the recent fundraising on 24 January 2019.
The contract covers sixteen specific work areas to refine the engineering design of the Project and work is scheduled to be completed prior to FID (Final Investment Decision) which, as previously announced, is scheduled to be undertaken prior to the end of H1 2019
belfast gas power station gets the green light, someone's a diamond geezer. no more coal, no more oil, no more peat, hello gas.
Nonsense
yet again
price action suggesting delays or bad news
starting to look like the usual AIM pss and wind story now
0.8 gone
Something seriously smells about INFA at the moment. The constant selling, the release of nothing news like today’s, the appointment of someone from TOM because we know they are doing well! The apparent warrants getting sold but no announcement, the 1.2 raise which was rumoured to have gone to one person, the disappearance of all those prominent supporters of infa, the moving on of the chairman, John and Arun posing outside a sign for a gas storage facility appearing like they just went for that photo and not at all for a meeting. The marine licence, yes the marine licence, contact Daera yourselves, it’s not as straightforward as some would have u believe and will involve 6 weeks of public consultation, never mind the time taken to actually make the decision, how can DD be carried out and not have an issue with no full marine licence being granted when the project relies so heavily on it? I reckon all those in the know sold out a long time ago, hence the radio silence. The share price should be flying on anticipation of news, something stinks.
I didn’t know Islandmagee had a shopping mall?
I was merely pointing out that here we build strong energy projects and over the pond you seem to talk, talk, talk about building new energy projects. It was a simple query - has anything happened here in years or is it all talk - just like your EU departure ?
The nutter’s are out in force tonight!
Haven’t been on here for a while. Are you guys not finished your project yet? Sounds like nothing has happened in years. Is this project real? Here in the US we would have it finished in a week. You Brits love to talk...talk..talk
We see a new hopefully pilot for ss infra has come on board.
Like others before he has lead other ships into deep waters and even sunk them. See 2014 to 2017.
Who picks them.
SS infra is sailing in dangerous waters and you better hope there is some helicopters to save you.
Just Brexit now with a no deal and save the pennies now.
And price has been taken down on negligible daily volumes this past fortnight (£50k plus today for eg), hardly a sell off.
Equity partner announcement imminent