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Once agreed Equity Partner in place this will fly surely?
Was 1.20 ,we must see that back.
The volume needs to keep up .
1.30 pivotal for me but I don't know when it will come
“Islandmagee Energy CEO John Wood says “direct consultations have been requested and the company is happy to accommodate these”. “We have made good progress on the project and recent engagement with political representatives showed us that there was an interest in finding out the truth about its impact on the economy and the environment. “We were able to reassure the broad spectrum of politicians that our intention is to run this project with as much economic benefit for the local area as possible. “We have also demonstrated that the environmental impact of this work falls well within the safety guidelines and in fact exceeds the requirements.” https://www.larnetimes.co.uk/news/business/energy-company-to-hold-surgery-sessions-in-islandmagee-for-residents-1-8853344/amp?__twitter_impression=true
Enablement works to begin, huge cost saving to be made on original expected budget. FID still on schedule for H1. All looking good.
A bit of much needed good news fingers crossed this is just the start of another news rich period for Infa......
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 it has awarded an engineering design works contract to Costain plc to enable the £65m cost savings identified during the FEED (Front End Engineering & Design) process to be realised on the Company's Islandmagee gas storage project (the "Project"). These works were identified as one of the next steps for the Project as announced with the recent fundraising on 24 January 2019. The contract covers sixteen specific work areas to refine the engineering design of the Project and work is scheduled to be completed prior to FID (Final Investment Decision) which, as previously announced, is scheduled to be undertaken prior to the end of H1 2019. John Wood, Chief Executive Officer and Interim Chairman, commented: "As part of the FEED package we worked very closely with Costain to identify areas where further savings could be found. It is good to have this workstream underway presently in order to facilitate its completion prior to our proposed FID later in the year. We have built up a good working relationship with Costain which will enable timely completion of these works"
Let's hope the wind blows fair for SS Infa
Wanna borrow a kite?
Blue sky would be nice. It's like I live inside a tupperware box.
Grey and drizzle, bah! humbug.
Great weather for roofing, not.
Hope you have a great break.
Oh, bring us all back a stick of rock. :)
I gather .. will locate best placed sun lounger on arrival
Very windy there
I’m off to Cape Verdi for 10 days .. hoping to return from the Sun to nothing but Blue Sky
Nice reversal from 0.8p key support area
.9 only and then its 150k
offer .88 hello
on twitter m Tut Tut, buyers on this again now pending news
Funny how the protestors have disappeared today with the sp going up?
Could have been an attack to short it now closed.
They'll be telling stories about how they love brine and how healthy it is for the fish
Protesters buying in. They'll be ramping soon.
You did well.... IMHO still some time to go before real news but this is a sound Long Term Investment for the realists !!
Well spotted...still half asleep!
Hi Dawski - I so agree with your post & took the plunge this morning & sold some shares in PYC at a loss in order to Buy a further 150,000 shares this morning.These shares are now going, in my opinion, up.Currently SP is a bargain.
Ex chairman Graham Lyon’s departure from INFA is another positive sign negotiations are close to being completed. There Will be a fundamental shift on the board of INFA as new directors come on board with the completion of Due diligence from our equity partners. Graham’s position would have become untenable given his other directorships and interests. Directors Will now be required to give 100% commitment to Infrastrata as it goes from being a smal market cap company to a major gas infrastructure developer.
80% of power station to close. See advn post.
Well said Mr Dawski. Equity funding will definitely happen in the very near future. The longer a company spends on DD the likelier a deal will happen. Let’s not forget we also have a fall back plan. DD completed by at least one possibility two companies before Christmas. What’s not to like. The colour of SS INFAs sails may not be to your liking but that doesn’t affect the integrity of the vessel.
Fair winds.
I agree Dawski Could be tedious for the weak!
Hmm. "I'm a fairly LTH in Infa and a firm believer in the project,as well as being a strong supporter of the C.E.O.He can do it."Well Said Setanta,dear friend, so am I ...I go further ....we will have another tedious week or so pending news but all strings to the bow are coming into place and when the arrow is ready to fire it WILL hit the target,be assured.Folks .stay calm and be patient !!!.
Quite a bit of it about. Here's mine. GL left because of a fundamental strategic disagreement with GL, related to whether to sell or not to sell INFA. My guess is that GL would not have been averse to a sale. He has always had a heap of directorships and he can easily pick up another. He also knows that the equity provider will nominate the Chairman of the newly constituted INFA. On the other hand JW sees a very long term role and future for himself in the company.The suggestion that it might take up to six months to replace the Chairman of a low MCap company like INFA is bunkum.
Olderandwiser I like the tenor of your posts. Like you I have been disappointed by the backsliding of the SP since the beginning if the year on the back of partner delay, placing etc., but I remind myself that this is AIM where a long term holder is someone who has held a share for about three weeks. Who can blame the warrant holders who were able to multibag and then return for another run as the SP fell.We need some incontrovertible good news.Posts on social media won't fill the bill.
I'm a fairly long term holder in INFA, and I'm a firm believer in the project, as well as being a strong supporter of our CEO. He can do it!