Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Si the one thing i have learnt on INFA is there is a wealth of knowledge from LTHs like your self as such far quicker to ask questions than spending hours researching
Thanks again for your reply
Get yourselves invested in msmn for a hydrogen play. The ep 145 licence is HUGE and the sp could easy 10 bag...well worth a punt
Can anyone show me where it was ever mentioned that the LOI expired on the 30th of June?
That was back in JW's honeymoon period, OT. A time of setting and meeting milestones. :)
Although the bit that says," in addition to the 8 already planned and approved for the Project."
Yeah, that "approved" bit didn't turn out to mean to same thing as was first thought.
It changed a bit though, during that peroid and It ended up being 7, in two phases. 2 then 5. Then it was all in one go.
See 9th of May, 19 RNS.
"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. "
I've got details of 5 parcels of land being purchases totaling around £554k but not sure if that was one them , tbh
Nothing became of it, like all the rest of the "projects" oldtramp .....
HydrogenOne Capital to list as Centrica mulls Rough upgrade
HydrogenOne is looking to raise £250mln to invest in green and blue hydrogen projects.
https://www.proactiveinvestors.co.uk/companies/news/954105/hydrogenone-capital-to-list-as-centrica-mulls-rough-upgrade-954105.html
Edit: Maybe HydrgenOne would be interested in Island Magee.
Afternoon gents quick question to the LTHs Have you any idea if anything came of this ?
https://www.lse.co.uk/rns/INFA/islandmagee-application-for-additional-licence-ta278yfysqm4qmk.html
Up she goes !!:)
Okey dokey, Stokey. :)
Didn't get to watch the Investor Event as it was pulled, so thanks for that.
Si_Derman I will have to correct you in relation to your 12.36 post. While you are correct that at the Investor Event JW did not say the LoI had been cancelled they did not fail to mention it at all. In one of my questions in advance of the event I did specifically ask about the position in relation to the Triumph LoI. The answer did flag up issues around funding. From that answer I had the impression that the contract may not go ahead. The answer did go further than I was expecting but it is clear that it was not totally open.
Have to agree with you there, Chris. It could not have been easy to achieve what they have in these difficult times. But , they have done themselves no favours, imo.
In this mornings statement they say that, "Triumph were informed by the Company in April 2021 that the Company had set the LOI aside following due diligence". So why wait till the eleventh hour to make it public. If that's not withholding vital information.. well?
Since the trading update on the 1st of April there has been the half year report, an investor event and the AGM.
Oh, and a placing. For good reason or not, that's not important in this instance. Or is it?
Nothing, as far as I can see, was mentioned about the shelving of this "possible", contract. With, "..each vessel would be expected to generate revenues... of between £340 million and £360 million over the 24-30 month period of fabrication, followed by additional revenues if further through-life support contracts are secured".
Nothing, until the time had actually expired and it had lost it's usefulness as part of the "pipeline".
Can understand why people are a bit miffed, tbh.
Putting on the rose tints or blinkers (green boxes) doesn't change the facts. (not aimed at you, btw)
Regardless of how much they have achieved or how successful they may become I don't think they have handled this well and have left themselves wide open for criticism.
And yes, it is easy to sit and snipe. However, it may not be so easy for people to sit back watch your hard earned dissapear down the swanny without venting their frustration sometimes.
I'm sure a decent bit of positive news and everyone would have something else to focus on. For a while. ;)
Just looked in and I now see we've had a response from JW posted on the website. Well at least we've now had one even if it is several days late but it's better than the continued silence. Must admit I never thought I'd see this over 30% below the derisory 30p placing. Hopefully in Infa's case the only way from here really is up and not any further down...
Chrisatrdg In relation to your 11.09 post while the situation with Triumph is not ideal looking forward there are a number of positives. Income for this year is estimated between £20m (my estimate) and £30m (Cenkos estimate). This is achieved within two years of starting the turnaround and while dealing with trading during a pandemic. In addition a check on the Belfast Harbour website shows cruise ships are back visiting Belfast one is currently in dock and another one is due tomorrow. This is encouraging as INFA would offer the opportunity for repairs with a minimum of disruption to sailings so a good chance of picking up this work.
Next year INFA will be trading without the impact of Covid so we will see what can be achieved with normal trading.
Like the analogy,Chris .. Saipem is working well though the new crane remains to be named !
There’s every good chance of further follow on contracts to keep the other yards busy
Fingers crossed for another Azura soon .. Great photo opportunity for two beauties in the BD and say a Stena E flexer in the other .. dream on maybe ???
Should there be a similar concern with the teeming agreement with Navantia? Again, not long before a placing.
Has there been anything regarding the, " upskilling of the workforce... employees receiving training and acquiring new skills in Navantia's shipyards. " or anything else I might have missed?
So far, 2 out of 3 were bad. Sorry, Meatloaf.
Would have thought they would have at least put out an update to say work had "actually" started on the Saipem contract.
Even if to just divert attention from this "storm in a teacup", but no.
Expecting a few PDMR's later to grab that extra 10%.
Hi Folks - I as with many others have been invested in INFA for over 10 years & have total confidence in John Wood & his team.For people who live in the real world now 'Time to start smelling the coffee beans' and stop sniping.Turning a company around is no easy thing to achieve but easy to sit on a key board & tap away.I am certain we will get some positive news this Quarter if not this month.
Thank you Stokey your thoughtful information as always. I can see a few green filter boxes so clearly there are some idiots out trying to pretend this is some kind of big disaster. TheEast will shortly be joining the green boxes I suspect
Clarification needed perhaps before AGM imho
Statement now corrected. Not that anyone at INFA reads these boards...
Spot on BP.
If the statement is correct, then we are back in the court of this was blatant SP manipulation. Initial DD should have precluded a conversation, let alone accepting and publishing a LoI. Either culpable, or dangerously naive. Either way, I think the SP today suggests that it is as serious as heads should roll. I genuinely think this fiasco is serious enough to at least consider that as a possibility.
Avyererdowt,
Indeed, indicative of their level of attention to detail.
Doesn't say much for their initial due diligence, does it? Or perhaps it was all about the share price for the raise?
TheEast In relation to your 09.44 post the company response is on the website ScottJ has posted the link. The most relevant part of the statement for me is this 'For a shipbuilding project to proceed, there are several key components required such as, inter alia, a credible counterparty with a proven management team, detailed technical specifications with equipment and a detailed design that has classification society approval along with equity and a credible route to debt funding. As part of the Company’s corporate governance process, prior to progressing from a rough order of magnitude price to a fixed price tender, it was established, in our opinion, that Triumph had achieved none of the above milestones.'
Seems this business is pretty much reliant on Boris and Poots, which is why the share price is where it is.
Its starting to look as if neither of them could pour pee out of a wellington boot if the instructions were on the heel.
Hi Stokey,
Take your point on the EGM, and it can't be denied that the Triumph statement did read a bit like throwing their toys out of the pram, but I still maintain that if their claims are unfounded, then they are bordering being libellous.
With the drop this morning on 'nothing' in the open (yet), the silence from the BOD is deafening. They need to robustly defend the accusations, and very quickly.
ScottJ - Thanks for link