Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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"Because we're not within a month of quarterlies" is your rationale for the bod not being in a closed period??? No one knows for sure whether or not they are inside although I would say its more likely than not that they are inside due to negotiations being "at a very advanced stage". If I was to hedge my bets I would say they are. As for John Wood he was able to buy Infa shares on the open market like we would because this was prior to his appointment on the board. As for the "Adrian effect" he has simply done what we have been wanting him to do for some time which was long overdue PR with a number of interviews allowing the company to get the attention it deserves. The timing of it at this stage imo is perfect as the project progresses nicely to the next phase. Jeez there is just no pleasing some people!
I'm saying it's wrong because you're assuming
spud, how can you say it's wrong if you don't know any different? In any case you missed the point: if Adrian is closed he should have added that caveat . He didn't. He said he was going to buy shares. Period.
Directors are almost always privy to sensitive information but they manage to bu their own ccmpany shares. John Wood did. If Adrian couldn't buy he could have added that caveat. It's just a matter of good faith.I have nothing more to add. Folk can make up their own minds.
I don't know if they are in a closed period or not.
If they are privy to price sensitive information then they will be closed
.
So to state "we are not in a closed period " is wrong
Because we're not within a month of quarterlies. If you know differently tell me, spud. Anyway if he were "closed " I would have expected Adrian to put that caveat in his promise to buy shares. Or maybe I wouldn't!
What makes you think they aren't in a closed period?
the" Adrian effect" was pretty short lived. But all he needs to do is to buy a substantial wedge of shares as he seemed to be indicating. We're not in a closed period now.
Upfront approx £120mill (recent CEO interviews) 65% under government guarantee scheme 35% project level equity stake
dated 10/11/2016 gave a NPV of £67m or 10p npv per share when they had just 118m shares in issue
Based on that NPV £67m on 1 b shares = approx 6.5p
Needs approx £308m project financing
Nice of you to call back in here as the stars are aligning for infa ;))
maybe, but for a £6m mcap I'd say that was priced in, see the media interviews for further ratification
What's the fuss here with such a low return on investment? Thanks
sorry, just seeen the 4 April 2018 fund raise of £925k
"erefore, with the EU monies, prospective loans from the FEED contractors and other cost savings, only approximately £0.66 million remains to be secured to commence and complete the FEED (excluding the Company's general working capital requirements). The FEED will ensure that the detailed designs and costings for the Project are completed for the final investment decision.
InfraStrata is in negotiations with a number of different debt and other funding providers, ranging from government administered funds through to high net worth investors to provide funding for the FEED and beyond. Access to debt finance in the shorter-term has not been possible, as the relevant negotiations are lengthy and complex.
However, the Board is confident that the various sources of funding approached to date will, in due course, provide further finance to the Company.
https://www.investegate.co.uk/infrastrata-plc--infa-/rns/placing-to-raise--375-000---annual-report-update/201801250700058607C/
:-)
I totally agree with you dawski37 SP about to pop?
......today could be an early start for the MM's ...watch this space !!!!
EXCLUSIVE: InfraStrata continue to negotiate with major gas companies and institutional investors.
In an exclusive video interview with London South East, InfraStrata CEO Adrian Pocock revealed that his Northern Irish gas storage company are 'ahead of programme and under budget ' on the FEED infrastructure design and that FEED will be finished by the EU deadline of 20th December 2018.
Adrian also explained that detailed discussions with a number of interested parties are continuing. "When you are looking at negotiating long term contracts with major institutional investors and major gas companies you don't get those over the line overnight because there is a lot of proving to be done."
'As the FEED design has progressed we have ticked all the boxes and its all green lights at the moment. I'm hoping we will be making some positive announcements when we can. I don't want to exceed people's expectations or aspirations'.
Infa a Pound ...well not exactly ...maybe infa a Penny and a Half by the end of August if not sooner --as our shy but very gallant and talented C.E.O. says twice in the interview "it's a no brainer"! Watch this space very carefully after a steady rise each day this last week ---why the "cheap end " placees should want out at this stage beats me !!
Great interview by the ceo yesterday, this looks incredibly cheap at £4-£5million market cap. 1p looks like fair value. Buy.
Certainly is Spud and when we reach that point forget my short term 1.5p target which I thank you for re-posting for Setanta lol - 15p will certainly seem very possible by then....
This is very significant imo
Allowing a greatly reduced upfront capex and future phases can be partly self funded by infa with the early income stream