George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hope so I love it when wind flys :]
Never mind....bear with....news just around corner...will fly like the wind!
I just wish he wasn't in a closed period lol he'd be gobbling these up based on his tweet a week or so ago
Come on, JW, throw us all a meaty bone to chew on.
I reckon you're right setanta - didn't believe it at first but now it's just crazy
And another 1.5m sell just so that they can keep the SP below .5p
yet again. The manipulators are far from finished, The current SP has nothing to do with news or progress. It is all to do with the activities of the few. Good post ref the Irish Press interview ,Spud.
B!llox, I meant to say.
******.
What any offtaker needs to have a view on, is the expected degree of gas price volatility over short periods of time, on which to trade - injection and delivery. the offtaker does not need to predict the long term trend of gas prices.
I fully expect an offtake agreement to be revealed by this end of quarter, as a prelude to financing negotiations with lenders in Q1/Q2 2019.
Nobby I refer you to CEO quote in Irish press interview "The company is in advanced negotiations with offtakers, traders who are "willing to pay to justify the economics of the project", Mr Wood said. He didn't disclose the potential customers, but said InfraStrata planned to update the market on the commercial arrangement in the fourth quarter." Once the firm figures have been finalised from Costain and DEEP this will move imo
The share price will continue to drift unless and until
a firm capacity agreement is executed.
Nothing else is important in relative terms.
If this is not obtained by Q1/Q2 2019 management may lose faith and sad to say this chapter will draw to a close.
The current buoyant state of the natural gas market gives this the best chance we have seen in several years despite there being little seasonal spread but it all hangs on a brave offtaker who is prepared to guess at where the U.K. market will be in around 3 years time.
Cheapest quote for 1mill is .5045 with HL
You can still get 1m below .5p. But I wouldn't rush in. The manipulators haven't finished yet!
Feasibility study is just weeks away, grant application in for £40m of EU funding. Company trading around £5m when the BOD bought on market only weeks ago at a 40% premium to the tune of £350k. Another gift horse.
Me too --I blinked and up went the sails --anything below .50 is a snip as we all know --but this is AIM !!
Well done, that man! Buying 2 x 1mn shares below, 0.5p, beating me to it!
A few paltry sell trades and obligingly they drop the sp once again,
:(
There isn't a single seller Humpalumps . There is a group of sellers and manipulators. And I very much doubt thet have finished their activity,
Like the seller might be done so might start getting back to where we should be now :}
Back home now and looking forward to the coming weeks for Infa.
Just to say, thanks for all the contributions on this thread. I tend to ask awkward questions, but this response from Infa shareholders is exactly what a good bb community spirit is all about. Sharing information and opinions based on factual evidence. We will all be the better for it when this project develops the way the consensus here suggests might happen.
ATB.
Arun has already secured a huge deal with Vitol, therefore he has the most excellent contacts with that very company and they obviously place as great a trust in him as we do!.........They will be very keen to deal again with Arun.....a lot of background relationship work therefore has already been done (on Aruns previous negotiations on the other contract)....sometimes, this can be one of the most difficult hurdles!.....We are streets ahead here!!
Soon....very soon! .........GLA!!
Some very interesting snippets from Vitol website.
Vitol Website excerpt
https://www.vitol.com/what-we-do/terminals-storage/
‘……
Vitol invests in a number of ventures providing terminal and storage facilities globally. In total we have circa 18 million cubic meters of storage capacity in terminals across seven continents…..’
Vitol Website excerpt
https://www.vitol.com/what-we-do/trading/natural-gas/
‘We have been trading natural gas for over 15 years. Global contracted sales in 2017 were 791TWh. Our gas teams operate across continents – Europe, Asia and the Americas – in both pipeline product and LNG.
We work with producers, importers, wholesalers, distributors and industrial users, and supply gas both as a pipeline product and in liquefied form, under a variety of fixed and floating gas hub indexations, oil indexed formulae and other related commodity pricing structures.
We are happy to commit to long-term supply and sales contracts, plus we can respond swiftly and innovatively whenever our customers need us to. Our natural gas business is part of an integrated cross-commodity solution that makes us an ideal partner for both producers and end users.’
Vitol turnover circa 14 Billion US$
Gut feeling says (as I said in previous couple of posts posts) that we already have our funding and offtake sorted. Great feeling about coming week(s). ''what did they say about negotiations....in advanced stage!''
GLA
Just noticed your most relevant post..usually there is nothing much exciting at weekends when the market is closed.
As Spud mentions Aron really is the key what with his qualifications,his background in this very particular field and contact with a major potential off-taker.
He is the one to facilitate a major investor in the project with deep pockets and one experienced enough to take on the usual market risk.The investment does not need to dilute shareholders even more --it can be by way of a share of eventual profits from say the first two caverns or long term debt..BUT whatever he negotiates it is important that a group of significant shareholders stick together to be able to combine voting power and fend off any opportunist punter at current values which values do not reflect either the investment made to date nor the huge potential !!.
Nomad/Joint Broker too should also contribute, and assess level of investor opportunity, develop financial strategy, and sow deals, as part of their responsibility?? gla