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Has anyone seen the presentation online yet?
Just goes to show how this project is several years behind Infa and with huge public opposition
https://www.fleetwoodtoday.co.uk/news/environment/public-meeting-on-halite-all-set-1-9480977
Published: 17:22 Updated: 17:43 Thursday 06 December 2018
A public meeting, organised by the campaign group No Gas Storage, will be held at Knott End Golf Club on Friday. People who wish to attend are advised to get there by 7.30pm and the meeting is expected to get under way at 7.45pm.
Claire Quaid, from No Gas Storage, says anyone who wants to find out the latest news on Halite’s controversial gas story plans is welcome to attend. She said: “This will be a good opportunity to hopefully hear some answers to some of our most pressing questions about this scheme, especially with Keith Budinger there.” The meeting comes just weeks after new owners of Halite were announced.
Howdy fellow investors, just want to thank you all for your continued contributions. I mostly read from the side lines, quietly waiting for the 23(!) caverns to be built. Its amazing to think how big this share could be. Couple of things, naz... I like your random input. Although a bit "out there" I think u have a good heart. Spud, madder, setanta....i value your input tremendously, so keep it up, but don't fall out because it feels like my parents arguing and makes me uncomfortable :) go team infa!!
I'll add my ravings! What about the mahoosive cherry on the cake in the form of £40mill EU grant?........
JW says Infa has narrowed down potential equity funders from 5 a month r so ago, to 3 "live" ones this week, each offering Term Sheets.
The decision of which one to accept, if any, is not to be taken lightly, as I can well imagine the equity funder is prepared to go further and be involved all the way, down to building 15 more caverns over the next decade, give or take a year or two. Some no doubt were disappointed that the precise name and funding terms weren't announced prior to last night's meeting, but that might have been a rushed, ill-considered action by Infa, given the enormity of the potential prize here. That, and a lousy equity market sentiment right now, are behind the sp shenanigans over the last 24 hours. Nothing more.
Financing is key here. Either Infa pulls it off with a deep-pocketed equity partner (and corresponding debt finance) or it doesn't, in which case we shall all be the poorer for it. I am willing to take a big chance here with my retired SIPP money. Others are in here big, too, including JW himself.
The upside here is literally unquantifiable, but must be of ten-bagger potential at any rate, even with the present 2-8 cavern plan, given the updated projected NPV of 11.5p at a 10% discount rate. And those of you who dismiss this as the ravings of a biased shareholder, I could point to another big winner on AIM of mine (and many others) in the name of BMN, over the last two years, that has gone from a low of 1.5p to a high last month of 50p, on the back of successful funding for a strategically valuable commodity and a dominant position in one particular industry - Vanadium.
When the market wakes up to the NPV implications of building a further 15 caverns over time, that ten-bagging potential may seem rather conservative, in hindsight.
GL all genuine investors here.
You make about as much sense as Theresa May.
When we Brexit and no more funds to EU will the ROI. have enough money to bail out the EU.to give even 40 million never mind 400 million .
Where will the EU get the funding as most of the EU needs a lot of cash?
Hopefully they'll get the presentation on website tomorrow
There is a good section on the structure of potential deals and how infa monetise these by various means
If financing is secured for $100-500m through various means. It literally can't be worth £8m.
The RNS's have mostly been very good over the last few months mapping out positive progress with all deadlines so far met ahead of deadlines. However Setanta the only RNS that people want to hear now is the equity funding confirmation on favourable terms for shareholders to get this really moving. If this were to fall to 0.63p I know plenty of investor's ready and waiting for the opportunity to jump in and add more should it do so (unlikely imo given how potentially close to funding I believe we are now). Manipulation or not any dips will get bought into imo so one person's loss (sellers) is another person's gain (buyers). To say that Infa has stood still for too long is true (in the past) but there has been more positive activity in the last few months than over the last few years put together which all leads to the hopefully successful breakthrough of project funding anytime now. All of us that attended last night's presentation Setanta are extremely positive going forward. Was great to see everyone last night (you all know who you are lol). Most of us Setanta are not worried about the day to day fluctuations I'm only interested in where Infa is likely to be in the next 6-12 months. Anyone that assumes however that a drop in the FTSE today will lead to a further drop tomorrow for Infa is misguided or naive.
So are you suggesting that INFA can surge to an SP of circa 7p if the financing is agreed? That could happen in the next couple of weeks!
Loads of aim stocks have high NAV's and promise transformational news which is always around the corner, but is never realised.
Occasionally you get a stock that rerates and you think, only if I was in that at 5 or 10 million MCap. It's trying to find that stock that's the tricky bit. So far INFA have delivered on everything they said the last 12 months. However they are about to enter the phase that's not in their control - financing. It's the part that most companies fail on. I believe they will get it, but right now the stock is priced to fail on financing. If it was a sure thing, it would be £50-100m easy. Here lies the opportunity. That's the way I see it anyway.
I hope he isn't right about our sp action tomorrow, and I agree with mcadder that Aim rarely correlates with the FTSE but he,(Mitch), is correct when he says that " INFA has stood still for too long". The point I have been making is just that. Three months with over 30 very positive RNS's, a couple of brilliant podcasts by JW and not a negative aspect in sight and yet the SP is lower than it was those three months ago.
It indicates to me that either the SP is being manipulated or that investors are so wary that they are treating INFA as a trading share. I think it is the former but by whom and why I have no idea. I thought early last week that it had been "released" but here we are yet again looking at a falling SP. Today we saw a couple of million more buys than sells and yet the SP dropped over 4%.
So don't shoot me ,(or Mitch), when we say that something appears to be amiss. Just gratify us with some logical explanations. We're not all here because we love gas storage but because we want to make money from the cash we've invested.
Nice one Dawski
https://twitter.com/InfraStrata_Plc/status/1070710250007859202?s=19 I was talking to Judith and her husband Stephen last night. Over the years there has been Ballylumford power station, SNIP, Moyle interconnector, and an oil supply pipeline all on or through the islandmagee peninsula. Islandmagee gas storage project is the only one that has commited to inject money into the local community via a trust fund.
Spud ..have you a direct link to my dealing operation ? !! How very perceptive of you ..No Brainer, especially after last evening ..Cheers,Buddy ,M xx
Mitch - you aren't the first and won't be the last naive poster to incorrectly believe there is a direct link between the FTSE 100 and a small cap stock like Infa which by the way won't be small cap for much longer. Sorry to burst your bubble there but good trying to hold out for .63p
That a few who saw the presentation last night topped up on the dip today! We saw last night JW & the teams vision for infa GLA
Mitch,
In my experience it will revolve around what happens over the pond tonight??? that's all you need to look at and will tell you where the FTSE 100 will open up in the morning.
I do not think that the INFA sp is anyway linked to what happens on the main market in any case, AIM stocks are a law unto themselves so I will look forward to a small uplift tomorrow following the recent fall in the sp.
Friday usually equals, AIM stocks that have risen over the week A Fall on a Friday, ie profit taking, stocks that have fallen for no particular reason, an rise!!
Mr T
Mitch
"SP not budged since 14:46 ...stuck @ 0.69 - FTSE 100 down 224.47 points (3.24%) SP could slip below 0.63 tomorrow"
Can you possibly indicate where you have dreamt up 0.63 from? interesting that you are forecasting a 10% drop tomorrow.
Mr T
Me to -I also tried -we mustn't go on meeting like this ! Give us a call--we all really need to tell all our colleagues out there that whilst there was no actual new information all the information about Engineering Design, Corporate Governance,Finance and of course, the general overview of the Company and it's future ( per JW) was in depth, extremely well presented.All very affable and no hard sell required,
Hi Dawski,
Great to meet you and all the guys last night. Very impressed with direction and drive of the BoD. Judith was great fun as well and doing superb work with local PR.
I just tried to send you a private message but it won't let me because I'm not a premium member.
The Snowman.
Confused.Com -hmm ....I meant for Snowman ( whom I met for the first time last eve ) to get in touch -- Sorry about confusion..By the way, YES, I did meet with Bruce from Switzerland --I don't really want to say more about him than he may wish though he must be a most influential Investor here -One of the top dogs and a Member of the BOD of a very large and well known Swedish Carton Maker --there's a clue ..seemed highly knowledgeable about the Company here and very keen -So... here is an important global player flying into London City to see how "our" little tiddler of an investment in a Gas Storage Project is holding up --highly encouraging.. Nice Guy too >
got it ta!
Typo....projected IRR