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RNS Number : 4899L Infrastrata PLC 27 December 2018
‘A further Project equity funding offer was presented to the Company during the week commencing 17 December 2018. In order to fully assess and evaluate this offer the Board has decided to delay entering into any formal arrangements in Q4 2018, with a view to concluding its review and negotiations early in 2019.’
RNS Number : 9385N Infrastrata PLC 24 January 2019
‘The initial review of the additional funding offer that was received in the week commencing 17 December 2018, as notified in the announcement dated 27 December 2018, has now been completed. Due to the nature of this additional potential equity provider and their indicative terms, InfraStrata has agreed that they will now proceed to the next stage and undertake detailed due diligence work. Specialist advisers have already been appointed by this potential equity provider and work has commenced, which is expected to take around six weeks.’
So from this, the specialist advisors commenced their work sometime between 27th December and 24th January. In which case, six weeks should end sometime between Thursday 7th February (this Thursday) and Thursday 7th March.
This means the equity funding news could be announced anytime between 3 days and 31 days from now.
If the company were very quick off the starting block (and their is no reason to assume they weren’t as megabucks are involved and they are obviously one of the biggest and most pro-active companies out there) and they commenced due diligence work as soon as Infrastrata notified them of their interest in the possible proposal….highly likely….they are certainly not going to hang about twiddling their thumbs….they are going to be firing on all cylinders (i.e. on the 27th December, 10 days after the submission)……then it is imo possible (I’m only saying possible) that we may get the big news as early as this Thursday !
Probably not…but certainly not beyond the realms of possibility…just floating it out there !
Good luck all ?
Snowman I share your theory, I personally took the middle ground so mid Feb but you are theorising the same as myself. Precisely why I continue to add during the weakness below placing price.
Snowman, within the AGM presentation I seem to remember a one page schedule with timelines. I should've paid closer attention, but I think we might be looking at sometime between April - July. Perhaps another who attended may have a clearer recollection. Work on site may start earlier. Like others I will be looking to pick up more shares and not intending to sell any.
TwentyFour, your way out.
Next week favourite for news , they don't hold back .
Why don't you ask JW to publish the AGM presentation, the timeline slide should be within it?
In its absence MMs trying to suppress sp, sell at 1.088 are buys, I just picked up £3k. Clearly intended to panic nervous holders into selling
Touché,my friend .some jiggery pockery going on this week..My family trust has also added at this bargain basement below the recent placing ..either the Mm's have a large Buy Order to complete ( nor surprising considering the background circumstances !) or someone wants out due to lack of patience or own situation ...you never know.Hold tight to the rails on the great ship !!
The presentation has been on the website for a while.
Given the "Key Activity Target Dates", from p8, when do we think the main announcement on partners will be?
That timeline seems to indicate between April - July. Can we have please have no bleating over the coming weeks if there is no RNS regarding the offtake agreement Tidd83 etc! Correct me if you think I've got the timeframes incorrect? I would've liked to have added more to my holding this morning, but will hopefully be able to continue to do so over the next couple of months.