Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Agree with Loosegoose. The BOD appear to be doing right thing for long term prospects of the company and not the short term SP. The perhaps tactical error was bullishness on equity partner prior to better offer coming in. If I was sitting on a steering committee presented with the potential of including all 7 Caverns and bringing that FID forward a year it would get my vote. I would guess a week or two away from Offtake deal being done
That question was asked at the London presentation. From memory the answer was it a household name. Worth asking again though
Can you ask how well known the offtakers are. Can you ask will people have heard of them once revealed?
Hopefully lotsadosh.....
Enjoy the meet Spud
Haha Spud. He shouldn't be disclosing price sensitive information good or bad. I was surprised he did.
Put it this way I won't mention any bad news on social media until I've sold :))))
Can't get across from Switzerland for that one. Look forward to updates. I am expecting no new news. Then again everytime I expect something I get the opposite so who knows. Patience will pay off in spades.
SPUD. GIVE THEM HELL.
Tell John he needs to put out some significant news out this week
To Leeds meeting, be good to meet anyone else going
The 'poss' delay would be to change from 2 caverns to 7 which is good news, that would delay the FID for 2 caverns 6 months and bring forward the other 5 by a year.
This does NOT affect signing the off-take & financing which are the big news ticket items... off-take can land any second of any day now, once done the financing should follow swiftly.
Next bit of good news and back over 1p
Weakness seems odd. Not sure whether to add more or just hold.
Will go under 60s. Sounds like offtakers deal might be close
Despite the apparent like of desire and low price the MMs don’t appear keen to sell to me
Less than £20k if sells today reduce the sp by 6%!
Currently at £8.1m Market Cap
About to receive 1.6Euro/ £1.4 million pounds from the EU in the next few weeks which will represent 17% of our MCAP back in cash. https://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy/5.1.3-0036-uk-s-m-15
Quite a bit of land now on our balance sheet.
Looking to recoup all money spent from our equity partner, and an ongoing management/construction fee. This gets finalised once we have our off-take partner who is pushing for us to get 7 caverns in one go rather than 2, which will be a long life deal.
I fancy this bunch,
https://www.hoeghlng.com/our-business/default.aspx#section=floating
trade mag on this https://worldmaritimenews.com/archives/tag/fsru/
South Hook Milford Haven with LNG from Qatar have more info.
The construction contract from the EPC and Owner's Engineer results could be issued now also, couldn't it?
Added again this morning. Currently in the territory where JW purchased £350k worth.
Well said Loosegoose. Most of the serious INFA investors I'm aware of are still holding most of their shares. I'm sure like I you are one of them.
Amazingly low market cap considering the levels it was at when only half of the FEED deliverable had been met in Q3 last year. I believe the BOD are doing a good job managing the company and not such a good job in managing the share price. I prefer a BOD that manages the company rather than a BOD that manages the share price and that is why I remain positive.
down cause its got no Money - making no money - placing needed - nite x
A great opportunity, particularly for those not able to attend last week and then spent the next few days apparently encouraging the sp down!
InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity in Northern Ireland, is pleased to announce that, further to its announcement on 11 April 2019, it will be hosting a shareholder update evening today, 14 May 2019, at 5:30 p.m. at The Met Hotel, King Street, Leeds, LS1 2HQ.
John Wood, Chief Executive and Interim Chairman, will provide a corporate presentation followed by a Q&A session and they look forward to meeting existing and prospective investors.