Firering Strategic Minerals: From explorer to producer. Watch the video here.
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RazorShultz In relation to your 15.41 I would add that if they think INFA is in its death throes they probably cannot read the accounts properly. If that assessment was anywhere near correct I would expect to see a balance sheet deficit not a surplus.
Institutions can and do read everything, unlike a good number of morons I see frequently posting here
Looks like the institutions didn't bother either Razor or they would have surely offered more than 30p.......
If you can't help but think this is death throes you probably either can't or haven't bothered to read all the RNS put out recently
It was there 10 mins ago. But saw it was over an hour long and had some wet paint drying.
The paint won. ;) Think I've read the gist, anyhoo.
They must have forgotten to edit all the bull **** out.
When they upload it again it will only be 5 minutes long
;0)))
Stokey
" If competitive quotes for work are to be put then costs have to be kept under control"
Do you see the irony in that ? ;0))))
mcadder that video is gone, is it available on the website?
Looks like Crux have either reduced or re-adjusted due to increase in issue and now below 3%.
JW having worked in Aussie would have had plenty of of union experience , remains to be seen on how he handles it here.
Is now available to watch
https://youtu.be/IeUzy_Y1Oe8
Hi Bubble. I'm with Halifax and received my notification a few days ago. I am taking up the offer.
Just seen this https://www.stornowaygazette.co.uk/business/unions-seek-arnish-transparency-3234858. I think the GMB need to decide do they want jobs? If competitive quotes for work are to be put then costs have to be kept under control. I am not sure how much time JW has for unions.
Fair point storey but I suspect the plan has been in place for a good while and all the necessary legislation will be taken care off .In my view infa have been the custodians of island magee and their reward will be a pay off to finance the ship building plans.Everybody wins .The UK get gas security and infa the shipbuilding engineering etc and Northern Ireland gets jobs apprenticeships as does apple Dore and Scotland yards.I suspect all this was planned before the old board were moved out.I might be way off base here but we will find out going forward one way or another.
Yes Spud, the CFO should know about the accrual concept in accounting. If not, then that is even more worrying than the size of the bonus.
Not yet Bubble but my brokers are slow :-)
Hi bubble, yes I received a notification several days ago via x-o (linked to Jarvis investment). They also appeared in my account pretty much day after the placing was announced. So it's all ready to go for me
Anyone had their allocated amount of shares they can take up yet ?
Chitta123 In relation to your 06.40 post The difficulty I have with your view is that if a group of Africans or any foreign nationals were to take a majority stake in the IslandMagee project this is likely to trigger a referral to the Secretary of State. I doubt that the BoD would want to incur further delays unless unavoidable.
I wish I got out of this at a sale of 40k profit.
I feel like a rabbit in the headlights waiting to be put out my misery.
I can't help but think this is the death throes and milking us for every last bit.
What a dog this has turned out to be.
That's aim though isn't it.
Morning Nobby.I totally agree about the ML .The FID is expected in the second half of this year I believe.
Graham Lyon our previous chairman in my view was brought in by the group that intend to take majority control of the gas storage project.West Africa has huge gas resources and it makes sense for this area to supply the UK,s gas .Buhari recently in the UK maybe finalising a plan discussed and blueprinted before the old board were ousted.After Brexit we would need a safe ,secure and plentiful supply of gas which can transition to Hydrogen.
I speculate that Mr lyon oversaw the plan at infa on behalf of the African concern that were putting together a Pan african project to secure gas centric assets with the aim of supplying not only the UK but also Europe.Infa may retain and interest in the gas cavern project but as per the recent presentation the focus for the company is shipbuilding /renewables.Nothing in the presentation highlighted the island magee project and yet we have a top notch employee working on the gas caverns.The Marine licence according to JW in the presentation normally takes 3-6 months and it's my belief that the Marine licence not being granted yet ensures that no other entity could step in and make a bid for infa and disrupting the plan.The gas storage project is of huge importance.It's to the UK energy needs going forward and everything has had to be watertight and kept under the radar.Once the ML is granted it suggests everything is signed up and in place in Africa .The complexity of this project is likely the reason for the delay in my view.Opinion only.
I think the only way the Company can turn a corner in the next 6 months is with the award of the Marine Licence.
I do expect the Board will be advising us of new contract wins over the next few months but these will be < £10 million; still good news but not hugely accretive and they will have to fight hard to win them which translates into lower margins.
As JW reminded us this is a long term investment proposition but just how long that is remains uncertain and I’ve certainly had my faith in the business tested these past few weeks.
I’m not sure if they can deliver or not; that’s AIM!
I honestly am in two minds about whether the Board can deliver the goods or if we are stuck in a rut.
What’s clear is the UK is on the cusp of a significant period of industrial growth and inward investment, some of which we all hope will come our way. It’s been a long wait already and whilst I don’t think we will go bust, we are limping along. We hear that we have a lot of irons in the fire but for me it’s all about the ML being approved and bringing in a swathe of investors from the energy sector.
"
On the contrary, I was listening intently and the CFO picked up the question. He could not have been clearer. The 1m pay was a combination of salary, bonuses, accrued salaries of the past and remuneration all agreed as part of a three year deal from 2018 to 31 Dec 2021. If you cared to read the annual report, it states exactly the same in black and white"
So listed companies can now give bonuses retrospectively?
I can't find any mention of these in the previous annual reports
Genuinely no sarcasm. I would value any recommendation on how to make money now out of gas storage because unlike you, I am a shareholder and I am also affected adversely by the dilution and placing price.
I look forward to reading your full and thoughtfully written post tomorrow.
In the meantime, enjoy reading up on gas storage economics for dummies. I am sure it is sitting right in the front of your bookcase that consists of one book: 50 shades of making oneself look foolish.