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vitol and lng, positive long-term.
https://www.petroleum-economist.com/articles/corporate/finance/2019/vitol-warns-on-lng-production-shut-ins
I DID SELL a batch in two lots monday small profit compared to last week if sold . But if sold today well over a thousand down so happy i did .However will buy soon
old news
Vitol and shipyards
https://gcaptain.com/oil-trader-vitol-places-lpg-ship-order-hyundai-heavy/
Why the drop getting hit here .
In the meantime let's re read the RNS from 2 October,
nfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects, is pleased to announce that the remaining milestones scheduled for September 2019 at the Islandmagee Gas Storage Project ("Islandmagee Project" or "the Project") in Northern Ireland have now been completed. The additional 2019 milestones are on track to be completed on time.
https://www.lse.co.uk/rns/INFA/islandmagee-gas-storage-project-update-tbxcewwl3r2abt3.html
Everything on track, JW over to you, please!
Mr T
Setanta,
I hope your correct, why do you specify 15 Nov? that is a specific date to suddenly choose. I still think these funds are being withheld for the purpose of Brexit and a possible no deal, although tonight that has diminished as MP's have voted for more delay!! as if they can't read 100 pages in a couple of day's an inwardly digest, on second thoughts most of them probably couldn't read three little pigs and understand it!!! eejits and undemocratic fools that they are.
As for Vitol financing H & W, why on earth would they want to get involved with a shipyard? Just because they agreed an offtake agreement inn respect of gas storage doesn't mean they would want to get involved in every aspect of Infa's business or it's potential acquisitions. As far as I know that isn't what Vitol do?
Mr T
It is good to serial Speedy. The company just doesn’t have cash and therefore time is not its friend. I hope they don’t do more deals with funders like before that suppress the share price for months. Will they pay for H&w next week?
With an exit, the EU won’t fund. The big question to answer is if Boris will deliver on his promise to step into the funding of EU infrastructure project grants. He is doing well with keeping his promises to Northern Ireland
Does feel Setanta that by year end we could be 2p or 0.2p .. I’m hanging my hat on all stars aligning and have faith .. but a little uncomfortable
I always like the directness and the positiveness of your INFA posts. This time I think you're wrong. Shall we have a friends bet that the EU funds wii be paid before 15 NOV. By the way , (on a serious note), I think Vitol would have facilitated the H&W funding for INFA if they had thought it was a good idea at this time, or if they intended to become their equity partner!! Now then!
Of course everyone is entitled to their opinion.......even snowmen......so....sorry.....but can't resist re-posting my July 3rd post.....even though I also said it months before that....
.'The EU are quite simply being a royal pain in the ass here! They obviously keep shifting the goalposts (FEED is long gone) as they have done all through the Brexit negotiations. I'm beginning to think that as things stand they have absolutely no intention of letting a red cent out of their hands to a UK company....end of story. They would rather cut their own bloody nose off to spite their face as the saying goes.
That's my measured, reserved and well balanced opinion.
Rule Britannia......sooner we're out, the better.' ends.
Just for the record........IMO......there is no way on this planet they will honour the agreement in the face of no deal !
....that's why the SP is where it is. The market is suffering something of a crisis of confidence in INFA. And I'm not surprised. A company talking about raising over £half a billion for two projects and it could hardlly raise the, (relatively speaking), pittance for the H&W deposit. It hasn't been able to appoint a Chairman in more than six months, and it let the Marine Licence slip big time. We haven't had a really positive RNS in six months. You all expect the market to big up the SP on the back of all that!!!Y
Look, the Eueopean finance will come soon. Do you all seriously think that the EU is going to withold 1.6m while they're expecting 39Billion from the UK? Get realistic my fellow investors.
I repeat what I said months ago and it still holds good . No company has any legally binding commitment to INFA and nobody will have one until such times as the BOD com out with positive good new which is sustained. It's been a long time since we saw any such thing. Hardly market encouraging!!
Regarding funding Tusk stated last week that funds would be released, Not specific to INFA but your thoughts were certainly well founded (in my mind) after Donald Tusk made that statement. I personally did not believe they would withold funds but his statement was to the contrary of my thoughts.
I was just expecting an explanation to the performance of the SP of the last couple of days, which usually transpires after a climb or fall.
Tango,
In respect of what?
There should be a flurry of updates arriving in the next week re October milestones, the two crucial ones for me at the minute are the Chairman and the EU funds, I will reiterate where are these funds? I believe the EU are sitting on these until brexit is sorted, if there were to be a further delay then they will release the funds. If we leave on no deal terms, a big if at the minute, then the EU will expect the British government to pick up the tab for these claims due to UK companies.
I can't think of a single solitary reasion other than this as to why we have not received the funds. Receiving these I believe would immediatelt turn this positive purely from a funding point of view.
Mr T
As usual lots of Buys showing as sells, should get a tick up at some point
Arun saying confident INFA will get FID by end of year. I trust Reuter’s more than share prophets but DYOR.
Can't understand why they can not see why INFA is buying H&W, it is going to save them circa £40mill (only costing them £6mill to buy H&W)and reduce construction time by 5 months + securing future jobs and industry in NI. For me it was a master stroke on several fronts.
https://www.thisismoney.co.uk/wires/reuters/article-7600211/InfraStrata-aims-final-investment-decision-UK-gas-storage-project-end-year.html
InfraStrata aims for final investment decision on UK gas storage project by end-year
By Reuters
Published: 12:23, 22 October 2019 | Updated: 12:23, 22 October 2019
e-mail
LONDON, Oct 22 (Reuters) - Infrastrata expects to make a final investment decision (FID) on its natural gas storage project in Northern Ireland by the end of the year to enable construction to start in the first quarter, a senior executive at the company said on Tuesday.
The company's subsidiary, Islandmagee Energy Limited, plans an underground natural gas storage facility at Islandmagee, a peninsula on the east coast of County Antrim, Northern Ireland.
Once built, it will be able to store up to 500 million cubic metres of gas, equivalent to a quarter of Britain's total gas storage capacity.
"We hope to do an FID by the end of the year and hope to start construction in the first quarter," Arun Raman, chief financial officer of InstraStrata told a Bloomberg New Energy Finance conference in London.
Infrastrata has agreed with energy trader Vitol to offtake gas from the facility in a 12-year contract, Raman added.
Britain, as well as its European neighbours, relies on gas reserves to manage winter demand. Typically, storage is refilled in summer when gas prices are cheaper and demand is lower in preparation for higher demand and prices in winter.
Britain's largest natural gas storage site, Rough, has closed, removing an extra cushion to meet winter demand that once had capacity to inject gas into the national network for 90 consecutive days if needed.
This year, European gas storage sites have been very full due to over-supply of gas and liquefied natural gas imports.
However, this was likely a short-term phenomenon, Raman said.
"It is our belief that the (gas) markets are going to tighten in the future and so what we have seen this year has been an exceptional situation," he added. (Reporting by Nina Chestney; Editing by Mark Potter)
Might be riverfort trying to get there average down- I have seen this alleged action posted by others on other boards.
It certainly seems like somebody wants to lower the SP for whatever reason, sooner we can monetise something the better.
Consistent with what BOD are saying.
I believe them but we all make our own judgements
GLA