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You can think that if you want, I very much doubt the BOD read this board.
But if i was BOD for this company, LSE would be the very last place I would look to get in contact with the shareholders, seeing as today is a clear demonstration it's nothing but negative drivel, or short-termism, and insults from the people here. I can't think of a bigger waste of time.
I've been here since 2008.
I'm not here to accept or deny your views.
Some of the posters on here are BOD
No but if I was I'd be busy running the company instead of buying shares simply to appease impatient shareholders. I note you did not deny my last point, so I take it you've accepted that you've guaranteed your own disappointment in the event of *any* director purchase, by asking for it.
Are you John Wood?
Nobby this may be an obvious criticism, but you realise if the directors bought shares simply because you asked them to, it would not be a show of confidence at all, right?
When Mr Wood and Mr Raman purchase some shares, which I have asked them to do on several occasions since the last time one of them made a purchase at least a year ago and in an insignificant amount; then I will renew my confidence.
I do not buy into their claim that they seem to be permanently immersed in a closed period that prevents share purchases.
This is definitely something that between the CEO, CFO and Nomad that needs to be addressed with urgency. There is no better test and evidence of their commitment to the company and it is top of my list for them to address. I am not interested in hearing about the numerous contract negotiations they are involved in and on the cusp of delivering until I see them investing my money (and yours) into Infrastrata plc shares.
Agreed Ivor. Too many people have short term views for this share (such as one poster, recently moaning about an "18 month journey"). I know people who have been holding in one of my other AIM favourites since 2013! Too much noise being made about nothing, it's onwards and upwards, I'm happy to sit back and watch with this as JW has transformed this company.
For those unaware, the previous BoD wasted a ton of money trying some pointless oil venture, and JW and team have turned this company around into having a salt cavern ready to go, and now owning 1 of the biggest drydocks in europe, and 3 other well-placed engineering factories, contract bids for military/renewable/ships in the pipeline, and it's all coming together. Those who are patient will be rewarded
A lot of the bod are in way over their head imo!
Arrogance and naivety spring to mind.
Decent pay though lol
Nobby31,
Thank you for your thoughts on Islandmagee.
I do find it extraordinary that everyone who has been here for at least 18 months invested in an energy storage project, yet many now dismiss the caverns as an irrelevance, whilst dreaming of building the next Titanic (which isn't going to happen).
I expect there to be RNS's soon about the two new investors (IIs) that are on board at the low price we are at.
I also understand that the existing IIs took up their rights ..... well, why wouldn't they ?
A new look Board will help us in the City - that's to come in 2021. On we Go
The Irish are going to be exposed to higher gas and electricity prices . Tight European gas fundamentals and ever stronger utilisation of gas in Asia is and will continue to pressure supply. Prices for this winter on the NBP are already close to 70p and the little storage we hold in the UK is being called upon such that stocks are at historically low levels (similar to 2009/2010).
The majors already have to pay to store gas in Europe via the interconnectors simply because there is little capacity in the UK. LNG is very fungible and will go to the highest price market; the UK needs more gas storage or we will see more price spikes and higher consumer prices. Carbon prices hit $50/tonne yesterday with most thinking there is further to go. Storage acts as a dampener to volatility; I'm not saying security of supply is necessarily an issue but it's going to get increasingly expensive for electricity and gas consumers. I think that with proper monitoring ( of the salty water) and a commitment to net zero on emissions the IMSL project operations (using green-powered electric compressors and pumps with HVO fuelled back-up generation there is nothing not to like about this project. It is very low visual impact and is quoted in various European strategic fora as a very important project (this from a hydrogen storage perspective). None of us have any idea what the Ministers and their advisors have been doing for the past 6 weeks since DAERA passed the decision to them but one would hope that cross party politics does not cloud the clear benefits to all (including concerned greens) of giving it the green light
I added today to average my price down. I have had a particularly successful run over the last 6 months with several multi-baggers - ITX and ALGW - and I see INFA as a long term speculative hold, a sleeper. My initial timing was unfortunate but this is an opportunity to average down. As I've mentioned before on this board, it's really a bet on the management. The company will prosper if properly managed, but I think we have to take a 2-3 year view.
Indeed, spud, gotta keep those £700k rivers running!
LOL Spud, my little black book has never been busier, over last couple of days
Definitely a research the researchers moment pacman ;0)
Loosegoose- I think you are partly correct, there will always be a need for a performance bond for large contracts BUT once we have the confidence of the banks/ Financial community etc they will underwrite them IMHO
You drunk Razor?
My thoughts are you've gone into the filtered bin, loosegoose. bye
I would trust Cenkos more than JW. So far when it comes to meeting forecasts and delivering on promises, JW is so inaccurate that he couldn't hit a cow on the backside with a banjo!
Have been thinking about this performance bond for Saipem and some of the discussions about whether performance bonds would be required for future large contracts. I expect this performance bond is not only to cover the advance payment from Saipem, but also because Saipem's raw materials (steel) would be sitting on INFA premises? If I was the customer, I wouldn't like my assets to be in the hands of a small unproven, financially weak supplier. I too would like some protection in the form of a performance bond or insurance. Probably not abnormal for a start-up. Normally these performance bonds can be provided by the way of a bank guarantee but since INFA (the start-up) does not have established banking / finance channels a bank guarantee is out of the question and hence the cash was required for the bond. I would expect in the future this “lumpy” demand for cash to be reduced or eliminated. Thoughts?
Tailor028,
In describing me as bipolar, I think you must be confusing me with someone else (how bipolar!) - I have been entirely consistent in my position on INFA and have no agenda, other than to get my money back.
pacman27 In relation to your 07.47 post the more important thing is that Saipem will be making progress payments from August. These payments may mitigate the amount needed for a performance bond. I suspect that part of the reason for the performance bond was that the yard went into administration so they want some reassurance that the same will not happen again.
Cheers Loosegoose, interesting that Saipem are supplying materials, all good going forward
Nice research note ;))
BlairPeach In relation to your 21.37 post having double checked, as far as I am able, both your posts and JWs statements a practice I would recommend. I think the true position lies somewhere between your negative spin and JWs positive spin.