Firering Strategic Minerals: From explorer to producer. Watch the video here.
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A decade ago or so Portland Gas ( the forerunner of Infa ) was tipped by the Sunday Times as a Share of the Year 2010 .I invested £200 which was enough as the shares were over £1 at the time !!
Portland Salt Caverns never really took off despite Andrew Hindle being an eminent geologist.OK, Andrew made some bloomers including Woodburn but he laid the foundations for IM and Adrian Po**** came along and sorted the Board out...and then JW and team pop up ! So what have got going for such an accolade ?
1. John and Arun's connections,expertise, and damn hard graft ..and own investment in the buisness ( quite some risk too )No greedy "Fat Cats " here.
2. Judith successfully beavering away on the Island against constant flack.
3. Teamed with Vitol..OK it may still only be a Term Sheet and subject to all sorts of conditions but probably more through Arun than John, this is a significant world class potential partner to have.
4. I still do not fully undestand how on earth JW & Co snatched H&W from underneath the noses of the "Big Boys". I can tell you that they would not have been allowed anywhere near the yard if those in power in N.I. thought for one moment that IM was to be a non starter or that their business plan/contacts were simply not up to the mark.
5. HW has a bright future now -The ferry dockings are just some starter crumbs.John P and Paul B and team are well recognised internationally.We have a brilliant Nato friendly Partner in Navantia and with Bojo & Co pushing for more UK based nationwide shipbuilding we stand a great chance of work on the type 31E ( remember that the "E" stands for export. OK we will not build a whole ship but we are well placed with the Bab**** consortium to build a significant number of modules.
6. FSRU's are another potential source of work and profit -OK we probably will not build one from scratch but no doubt will adapt a vessel to suit our needs ...should Barrow materiaise or the FSRU Hub at Larne be further considered.
7. The new Chairman,Clive Richardson, is another of JW's steals .I have read the profile and history with the VGroup International .Clive would not have accepted if for one moment he thought we were a duffer.
8. The emergence of significant respected ii's now on board and the raising of finance in 2-3 hours or so-same applies.
9. There is more but enough for now ! Oh,Yes , I was not expecting 37 more posts last eve after only 2 over the weekend. Come on folks ..confidence. We have a lot more positives going for us than all the negativity thrown about ..a Share of the Year 2020 .Just wait til year end 2020 but hold on tight and be very patient !!
Slowly more Buys are added on the ticker
Buying is picking up and the last trade paid full offer 0.33p
Maybe there is a change of moving higher before the end of the day
I've re-calculated using the newest total issue of 3,682,856,289
So there is a slight reduction in percentages
Oryx and Harwood....3.17% with 116,666,667
Spreadex....................3.41% ........ 125,500,000
Killik & Co...................4.38%........161,411,590
Crux .......................... 8.15%.........300,000,000
Allianz Global............9.23%.........340,000,000
Lombard ....................9.5%.........350,000,000
That equates to 39.17% held by ii's with a further 16.5% to be accounted for.
That will be some 56 % held by notifiable holders and at least another 4-5% held by previously notfiable TR1's.
So when you add in some LTH's with sizable holdings there is not going to much of a free float to trade with should this get moving.
Arun took 6.6m if I remember
So some accounted for there
Mr T
Thanks Si. Now you can tell I am having a good vacation. Anyway, anyone know where the other 600m went? BTW, greetings from Lagos Portugal. 20C and ready for golf.
You only beat a plumber and a goose so don't get carried away! Lol
Lol, should I clear a space on the mantel?
Pretty much, Spud, yes.
Si you get the bestest counterer award!
2 million quid then
From TR1's released we have been told
Oryx and Harwood....3.28% with 116,666,667
Spreadex....................3.5% ........ 125,500,000
Killik & Co...................4.54%........161,411,590
Crux .......................... 8.44%.........300,000,000
Allianz Global............9.56%.........340,000,000
Lombard ....................9.85%.........350,000,000
Total so far ...1,393,578,257
Placing .........1,999,999,950
Balance left ..606,421,693
No goose I think your maths is just about spot on!
(Wait until I tell my son whose maths I just checked ;0) )
Almost 3 million quid unaccounted for
If I added the TR1s correctly the 6x IIs took about 1.1bn of the 2bn placing. Does anyone know who took the other 900m? Maybe my maths is a bit dodgy at this time of year.
If anybody is looking at this ,since infa aquired h&w many ii took share in the placing , they are very rarely wrong ,
H&W is worth a lot more in millions than paid . A new chairman steeped in marine ,
The new year will see some good upside when this gets cracking
2020 vision !
We are on the move to offer 0.33p
latest trades are for buying 0.325p
and selling over 0.315p
spread 0.31 v 0.33p
I think once everyone is back to work the SP going to rise continuously, the New chairman is a great appointment, How JW managed to get him on board this early is amazing, the guy's credentials are very good and usually with Blue chip organisations which will be known by the market. JW and co should have some breathing space now to dot the i's and cross the T's for IM/FSRU- H&W with the team in place should be self suficient. IMHO
Checked in this evening expecting to see a couple of posts pertaining to new Chair appointment and prospects for the week ahead, wow what a surprise? Leesa certainly knows what buttons to press?
I’ll add my two penny worth. As I recall going back 15 months ago when Arum demonstrated a compelling business case for gas storage at IM, it was predicated on a continuously fluctuating price of Gas to which IM would be able to be particularly responsive - buying and storing when price drops and selling into the market as prices recover. Subsequent to that, the FEED demonstrated a lower build cost and H&W opportunities are likely to bring further savings, thereby strengthening the business case.
Typically strategic infrastructure projects where there is a strategic/social benefit often only seem to gain momentum after the pain has been felt and fingers pointed. I hope that on this occasion government displays the good sense and foresight to act before it is pushed, particularly as IM represents a win win for all apart from seemingly Leesa and Naz!
Speedy, Very interesting story you share about our good friend Leesadee! So this does appear to be her day job, ensuring that there is no economic growth in Islandmagee. Very curious choice of profession I must say, can’t believe some locals actually support this hogwash instead of backing team JW to deliver for the region.
Reports prove low Environmental impact
Construction on islandmagee is low rise or sub surface
Potential for gov strategic infrastructure finance
Savings in Capex using local labour at H & W
£1mill committed to community fund (I'd ask for more if I was them)
Boost to local jobs & services
Looks pretty positive to me on all fronts
GLA
"I also only post here to chat to you because you blocked me on twitter ;-)"
I'm flattered, mrs Spud is getting jealous too.....
Agreed Speedy. Also Leesadee, it’s most devious of you to keep saying ‘great to see ships at H&W’ and announce that you wish them well when it’s clear your agenda is anything but. You do realise that it’s thanks to INFA and their business plan that H&W is where it is today. You don’t wish INFA or H&W well, by offering lip service to one and then trashing the other you are fooling no one.
Lol spud - never show my hand, I’m a cracking poker player, not bad at chess either ... I also only post here to chat to you because you blocked me on twitter ;-)
Now it’s late, time to go, chat soon ...
How do you care what the capex cost is leesadee? That’s us shareholders’ problem, not yours. Whether there is PCI status or not, EU funding or not, it’s not your problem. Have you really absolutely nothing better to do with your time than to spend hours and hours digging up spurious information with the sole aim of downing INFA and creating nonsensical trouble?
Capex for islandmagee was originally well over £300mill
Take into account savings in Capex for islandmagee and any snip reversal Capex saving using "in house" H&W asset add in contingency allowed in islandmagee sums and I'm guessing infa have access to more than enough to reverse SNIP
All strategic assets made even more strategic with Brexit.
Keep repeating yourself pet, thought youd be too busy with the environment angle but your silence on that front is deafening......
Evidence of €60M capex for reverse flow SNIP:
https://twitter.com/leesadee_imagee/status/1202354940955570179?s=21
Sorry for poor quality image, taken from a slide at Regional Gas Meeting in Brussels, but still clear to see capex & estimated op ex costs of €1-2M p/a ...