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good to hear most are still here
Must say I am in agreement with your sentiment here
pleased FEED is sorted but at a massive cost to us all
Really disappointed with Adrian's performance so far nothing exceptional and nothing anyone else couldn't pull of with half a brain.
I agree with crl at least something is happening under this BOD compared with previous BOD performance
Just hope this really is the bottom here
the darkest hour is just before the dawn and all that
5 hrs behind you guys. I wish I had been consulted as a Placee but it never happens!
38% enlarged is a lot. But it needed doing . And obviously funders weren’t rushing to part with their dosh to support the project.
This satisfies EU FEEd commencement. It would probably have never happened with the previous board. I have no doubt on this.
I have finally read the RNS fully as I have an internet signal!! I feel the s/p did not fall further because the project may now finally come about. It will be a while yet. But it looks like hands are at work. I have lost a lot of money...but that’s the stick market. It’s not like I haven’t experienced big loss. So... this is not the way it was promised and we have been led up the garden path a treat. But let us hope that efficiency wins out here and news flow starts.
Spud/Brew - today's announcement was definitely a big milestone for the project - nothing we can do about how it was raised other than put it behind us and move on. Nice to see a whole article in The Telegraph on Infrastrata this evening. Bring on the PR - regular positive newsflow to be expected from today imo with plenty of upside from here. Would be interesting to know if the bod still expect a decision on the CBRE grant application in light of the latest raise - if it were to be approved could be useful for Infa as we head through the FEED phase and into the development phase.
Sorry guys. I get things wrong sometimes.
I’m a long way away (7k miles)and am jumping in and out of the news. Don’t always get signal . Sorry if I offended -unintended. Apologies. Just ignore my posts if I get things wrong
4 APRIL 2018 • 4:51PM
A rare investment in new gas storage is edging forward in the wake of the Siberian cold snaps which hit Britain’s gas markets with price spikes in recent months.
The calls to build a new gas storage facility to replace the UK's aging energy infrastructure reached fever pitch after the "Beast from the East" brought freezing temperatures and unprecedented gas demand across the UK this year.
But it would still be a bold investment after years of declining profit margins for gas storage operators following a string of milder than average winters.
Infrastrata, an AIM-listed company, said it is willing to roll the dice on its bet against the UK’s energy security by diluting its own market value to help fund the next phase of its project.
Adrian Pocock, chief executive of Infrastrata, said: “What has been demonstrated by the Beast from the East is that the energy system is vulnerable.”
Mr Pocock said the winter gas price spikes are “symptomatic” of the UK’s “increasingly vulnerable” energy system which is “groaning and creaking at the seams”.
The Twickenham-based company plans to build one of the first new gas storage sites in decades on the coast of Northern Ireland in a bid to increase the UK’s gas reserves by a quarter.
While the group aims to eventually attract institutional investment to the project, it has been forced to offer new shares to the market to raise almost £1m to carry out the full engineering and design studies.
Mr Pocock said the raise was a “bitter pill to swallow” after the group’s share price plummeted almost 14pc, but that it needed to kick start the final studies or risk losing the capital it has already secured from the European Union.
He told The Telegraph that the group has made “very positive progress” in its talks with long-term infrastructure investors to help build the underground salt caverns which could operate for 40 years.
The project has attracted “strong interest” from energy suppliers that hope to use a new facility to store their gas after the shutdown of the UK’s main facility at Rough, he said.
By keeping gas in reserve suppliers can avoid buying gas from the global market at times of rocketing demand when prices are highest to help to keep their costs low.
The surge in gas heating over the last winter caused market prices to leap to twelve year highs as National Grid issued its first emergency alert.
Considering the buy price is pari passu with Placing price and actually dipped below it today...makes it all a bit of a farce. Shareholder value?? Where??
I’m back in whinge-mode. Red numbers just got bigger. Dilution. No actual concrete news.Dilution seems never-ending. Red numbers ever-increasing. Any LTH feelings???
I am still here pleased with the commencement of FEED but not with the placing. With the additional shares and consequent dilution makes me wonder when most long term holders will ever break even never mind make a profit! Once again the LTH are penalised but good deal for the new placees with the warrants.
Setanta - I think you suggested a similar approach to gaining investment for the FEED through high net worth individuals through a company such as SI Capital although not on a placing basis.
Just wondered if you had the opportunity to take part. I understand if you don't want to respond.
Isnt the difference this time that they have stated in black and white how undervalued they feel they are? @ �3m fully diluted?
Arent they going to push the price up somehow (news etc) to entice warrant conversion?
Looks like some unhappy peeps still selling at what must be a loss considering its at 52 week low... good luck to them. Once FEED is in place... well... you wont see this price imo... but wtfdik?
It’s what the market does very often. It’s logic based on historical AIM behaviour. You don’t have to agree. I’m not forcing you to....
Think what u want. I probably have far more to lose here than you and have watched 3 Placings mow. Why should you feel u have to agree. Disagree honourably ????
Hi All - Today is good news for all investors as the project can now move on & although I only had 600,000 shares I have just topped up this morning a mere 150,000 shares at 0.2538 (currently broke & waiting for new tax year).Looking forward to the next update & the subsequent price rise showing as Strong Buy for those prepared to take the risk.
B2 - I was offered £30k in this placing but decider against it. I bought more of DTM favourite 2018 share and holding £25k back for ARGO IPO. I might come to regret this decision but I think until more news - we might see .20. B2 gl with your investments.