Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Tidd,
"it’s a hot topic at government level"
God help us then because everything this government touches turns into a complete and utter disaster!!!! it's like they are framed in a permanent Brian Rix comedy routine!!
They must the most incompetant government certainly in my living memory!!
Lets hope they steer well clear other than to provide some financial assistance!!! lol
Mr T
Indeed,Mr Olderandwiser---myself and a group of LTH's are here for the long term bonus--we will do our very best to make sure that ownership is retained in the short term..be assured.We do not want a "cheapo" take-out !!,
is almost certainly being engineered on someones behalf. Despite a cascade of good news it never manages to rise above .6p for any appreciable length of time. A few decent buys are counteracted daily by a few sells which control the SP and deter the buyers.
This is not being done at the behest of the directors who bought at higher prices than those current, so one suspects an entity which is using the MMs to maintain a low SP until such time as we begin to approach the end of FEED, offtake agreements, and the FID. Without interference the SP should be close to 1p now on the back of the progress reported.
Good morning tidd,
Yes, you're quite right. I wrote that rather too speedily and clumsily.
I meant that Infa will need some WC to continue to oversee the project operationally, as well as for any possible start-up costs of a new venture that JW alluded to in an interview last week.
The beauty of a ringfenced project like IslandMagee is that they will seek to arrange the finance for it independently of Infa's own b/s. That may result in a "farm out" of part of the equity of that entity, however, as well as debt.
Or do you still think that Infa can retain 100% ownership of IslandMagee through to finish of construction?
I think, after reading update rns, we will still see equity partners and the Grant will be the humongous cherry on top!
Older, in regards point 2 on your list. Any equity based funding will be done at project level not at company level. If the grant is approved for which they have a strong case then it could be that INFA retain 100% of the project. Even if you factor in some let up their is a significant need for this project and it’s a hot topic at government level.
From the 11th October RNS
"Advanced discussions continue between InfraStrata and potential project equity providers and offtake partners."
Shouldn't be too long before news imo
Thanks for sharing o and w.
Looks like 2019 could be a good year. Funding news is needed now
This independent report puts a very strong case forward for infaa
Main conclusion;
"The results show that in the base case, a gas supply outage of 6.4 hours over 30 years is all
that is required for the proposed project to have a positive net benefit assuming a VOLL value
equal to the average of those found in the literature surveyed."
This is a mind-blowing statement. On all but the very unlikeliest of supply interruption assumptions over the period to 2030, the IslandMagee gas storage project is justifiable on a cost-benefit analysis.
It will be most unlikely that the EU would stand in the way of approving additional funding for the construction of this facility, IMHO.
how hard it is to put ones finger on the reason for the backslide in a time of such positivity for INFA. I liked number 4 on your list Olderanwiser. Had forgotten about the warrants recently . There hasn't been any news of conversions.
Spud your reasoning will probably turn out to be correct. Anyway I continue to be a glass very full man for INFA.
According to BP’s 2018 Energy Outlook for the next 20-25 years, gas is seen as a ‘bridge’ fuel by both developed and emerging-economy nations
few interesting snippets on global gas demand
https://www.meed.com/what-does-the-future-hold-for-energy-demand/
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/101718-uk-natural-gas-imports-from-norway-hit-six-month-high?utm_source=twitter&utm_medium=social&utm_content=news&utm_term=we-gas&hootpostid=ceeeb85d6009f099ecd8d08960ca3fba "With Continental Europe currently not supplying a baseload, and following the closure of the UK's long-range seasonal storage site Rough, North Sea production has become critical in maintaining consistency of supply." "As the UK's Theddlethorpe terminal closed in August, the Barrow terminal remains short of full operational capability and current UK Continental Shelf production approximately only 30 million cu m short of multi-year production highs, the UK's winter import dependence is increasingly coming into sharp focus."
Setanta1,
Either:
1. Market doesn't believe little 'ol Infa can arrange funding for the IslandMagee project,
2. Infa needs a big placing to maintain its full interest in the project into 2019, and for WC,
3) Worries about a Hard Brexit on investment plans generally
4) Some placees are selling shares but retaining upside through warrants
Can't think of any other big risks for now.
Against that, the MC of £6mn discounts a great deal of this risk .
Insiders have been buying regularly, knowing the existence of these big risks.
Work on completing the all-important FEED study by year end is on budget and ahead of schedule.
Depends on whether you are a half-full or half-empty guy or gal.
There is no rationale Setanta it's just AIM! Eventually value will out imo
Don't think it's Brexit,, Packman. 420m shares traded in six weeks and 20 positive, to very positive, RNS's released over the same period and the SP has dropped by 23% in that period. Rationale?
Government guarantee scheme has nothing to do with Brexit
Brexit.... I know about the Government Guarantee scheme, but it remains a negative. IMO.
Still happy to hold, and take the risk
John Wood tweet:
"Apologies we are having a couple of issues uploading the study, we will get it up as soon as we can."
That explains that, then.
So are all of us surprised. But give us your opinion WHY it's NOT at least 1p. That might be a bit more interesting!
and ...so do I !!
I'll bet that when John Wood was buying his shares in August he would have laughed if anyone had told him he should wait a couple of months and he'd be able to buy them cheaper! Not a criticism,(implied or otherwise), John. Jusrt a wry comment. I think you're doing an excellent job for INFA and for the shareholders.
* either
CBA report, Then you can ether View or download.
Hope that helps OaW.