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Very much agreed Spud - schlemiel glad to help lol
https://knect365.com/energy/article/ec96254f-6a7d-408d-844c-c56d57f99f9c/eu-gas-trading-in-transition-gas-hubs-pricing?utm_source=Twitter&utm_medium=Referral&utm_campaign=Twitter%20-%20Social%20Referral
"A case in point is the recent divergence of UK gas hub prices from mainland Europe, due in the main to the sudden closure of the offshore gas storage facility at Rough, unscheduled production outages in Norwegian gas fields, and the persistent threat of unscheduled closures of French nuclear power stations. Recently, the cold snaps in North Western Europe have decidedly affected both the supply and demand for gas. Traders have been left desperate for supplies, as underground stockpiles held in Britain, Belgium and France were at their lowest since 2015, and LNG cargoes were hard to find due to increased demand from the Asian market."
What mcadder said lol
Great post again!
Either one or two investors thought it was a good idea to put buy orders in for over 8mill shares yesterday. Definitely not 10% traders that's for sure
mcadder - many thanks for that intoxicating contribution!
I don't think increasing your holding to 5M as long as your happy to would be a silly thing at all here....it's fair to say the project languished for years under the previous bod for a number of reasons. However the make up of the current bod with some impressive experienced individuals, commencement of FEED, recent contractor announcements with big names (Costain, DEEP Kbb, WSP) show the appetite and sheer drive to deliver and deliver they will. Another vote of confidence here and a huge buy signal for me is John Wood who became a NED recently with circa 15M shares, then last week purchased another 16M shares which now makes him a major shareholder with a similar holding to myself. That speaks volumes to me about the prospects of success for project Infa. If you dig a little deeper into the profiles of Arun Raman who joined us last week along with GL, MB, JW and AD you will understand why the market is starting to believe. We have the hallmarks of a very successful profitable company here and the next few announcements here are likely to be transformational for the company. I know of numerous shareholders here holding serious amounts who are holding long term for potentially massive gains so, with all due respect to Dinerios who is clearly a trader - no one cares about your SP predictions come Mon! By next month I see this at 1.5p and by Q1 2019 3p and this is not ramping, it's simply a realistic target bearing in mind the sheer valuation gap that exists here as we move towards construction.
2/3 off the funding is pre qualified for the government guarantee scheme, basically risk free to lenders so a bank loan.
1/3 will be a share of project at project level (we own 100% of islandmagee storage ltd)
CBRE have been brought in to access this
Yes, thanks spud.
I am encouraged by recent appointments and significant stock purchases by Directors rather than free-lunch options..that personal financial commitment goes a long way to cementing confidence
I might err on the side of caution and add a few more when the price temporarily retraces which it will at some point
thanks
Yes I believe that was all built using the EU Project of Commmon Intrest grant about 5 years ago. I read something somewhere about 2/3 govt funding to get this project going but this is unlikely to be EU money in which case what govt will fund it. Couldn’t get finance from uk HMG as Osborne’s £40billion infrastructure fund required long term offtake Agreements which were unobtainable a few years ago. Like all these projects it’s arranging robust finance that will be a key turning point in the project and of more interest here the share pr
The majority of the net proceeds of the Placing will be utilised to provide the funding required to enable the Company to commence and complete the Front End Engineering Design ("FEED") for the Project, which the Board considers to be a key step towards obtaining funding for construction of the Project and its commercialisation.
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§ Taking into account the remaining net proceeds of the Placing and current cash reserves, the Company is satisfied that it has sufficient working capital until the end of 2018.
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=INFA&ArticleCode=8l1khfgg&ArticleHeadline=Strategic_fundraiseproject_updateJoint_Broker
I hold 3m shares. I am thinking of increasing that to 5m. Is that a silly thing to do?
2p would give me £100k, obviously
Is 2p achievable before end 2018?
I love the liquidity with this stock. You can buy and sell in decent size and with the stock underpinned by a solid company, great management with real skin in the game and a sector soon to be in demand I am struggling to see the downside
Maybe a placing? Though a placing for the right reason is never a bad thing
Apologies but just musing
Hi everyone. Great week for all shareholders of Infa with the increase in share price since the rns news this week was released. After buying again on Wednesday I have made a small profit paying back the commission for my two deals. 1-2p sp hopefully soon. Have a great weekend. Regards.
BD6 - Im not a LTH, just saw an opportunity to make some money thats all. Like Arnie says "I'll be back". Have a good weekend. Looking forward to next week trading, should be interesting.
http://www.mutual-energy.com/other-projects/scotland-to-northern-ireland-pipeline-snip-project/
Worth highlighting that the planned reverse flow of the Scotland-to-northern-ireland-pipeline- (snip) is also a project of common interest (pci)
This will make islandmagee much more attractive to gas traders
You have only appeared in the last few days !! Depth if knowledge ??
Eyeguy - I have been reading your comments for a good year and a half. You did well at BZM and GWMO and you will have made a bit at SGC. I take everyones comments on board and filter all sh##e talk. I believe you do know your stuff. Keep up the good work.
Mick, I just gave my opinion thats all, of course I could be wrong and if I am its my bad luck isnt it. If Im right then so be it thats life. Im not here to cause trouble, just to voice my opinion thats what the BB is for isnt it. Be under no illiusion I will be back in INFA as soon as I believe is the right time to get back in as I, like you feel this has great potential, and I think we will see 1p, but I think it will retrace before we get there. It may not retrace a much as I sugested but we will see. Have a good weekend
Gaining momentum - next week will no doubt be more of the same.
This is a comprehensive research note on INFA for people who have no idea what INFA is about:
http://tradeinsight.co.uk/infrastrata-its-finally-happening/
The SP has already increased more than 50% since the note was written last month...3p is only £30m market cap, we are currently sitting at £7m.
DYOR and a great weekend to you reading this.
Dinerios, you quoted the price to which the share price will retrace to an accuracy of 3 decimal places (0.568). Please explain your method for making a prediction to this level of accuracy.
I believe the majority of cash will have been spent on the drilling and analysis of the salt cores.
Myself and mcadder saw a core section on our recent visit to islandmagee
Another thing we saw was the well pad and the tarmac access road which will have cost a fair wedge and will be an important part of the infrastructure when construction starts
Eyeguy I better follow you on Twitter, 0.27 entry, wow
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/072718-norwegian-kollsnes-gas-processing-plant-in-unplanned-capacity-restriction?utm_source=twitter&utm_medium=social&utm_term=naturalgas&utm_content=news&utm_campaign=newsarticle&hootpostid=57bfa6a3df88148b17ba82a834efa562
Unplanned outages need to be planned for, this is one way gas storage can help in security of supply
Dinerios,
You made this statement “ as the SP will more than likely keep falling on Monday.”
Why don’t we see what happens on Monday shall we? If it falls, you have the laugh (and top up) if we get news, you may have to pay higher than what you sold at today if you wish to get back in...simples.
Dinerios- saying that rampers are dangerous, is meaning dangerous to you if you trade the swings and hope for a better entry. I personally happy with my initial entry of circa 0.27p and maybe if you followed me on Twitter you would have picked this up. I think 5p is coming. Not in a straight line of course but imo it will
Come. Gl anyway
If the advice isnt the SP is going to rocket some people just get their backs up, well thats very naive unfortunately. All I was saying was my honest opinion and I was right. Facts are facts. Take care.