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Difficult to understand the rationale for today's RNS. The items covered are relatively unimportant and the RNS states that the items scheduled for completion in September are still on track. The most important item will be the draft Gas Storage Agreement which will bring forward the Equity and Debt negotiations which are currently at an advanced stage. It will also almost certainly presage the appointment of the new Chairman.
Also difficult to understand why the RNS led to a fall in the SP. There was absolutely nothing negative there and one would have expected a plethora of buys. Hard to understand the reaction.
Maybe the removal of pre-Marine Licence award activities from the list of outstanding activities helps with concluding the Gas Storage Agreement negotiations?
I have written earlier asking why any right-minded investor wouldn’t be holding onto their shares right now given the assymetry btw downside and upside ..... and replies came there none. That’s why, along with what happened today to the price, it feels like the SP is being suppressed in some way.
It can only mean that unless the BOD do not deliver like they say they in all these RNS’s the SP will go stellar once the true viability is revealed via the financing in place - but we will soon see !
@Nobby31
Can't speak for anyone else, but the reason I sold some time ago and haven't re-purchased yet is that I can see tremendous short-time upside in precious metals miners (and that's where my money has been for a while), while I'm not expecting anything earth-shaking to happen here in until November at least - a view only reinforced by today's pointless NR. At the moment my plan is to start gradually building my position when I see metals rally petering out. If I still had any shares left, I'd be selling them to further increase my PMs position.
If I'm wrong and there's flurry of SP-moving news in October, then so be it. I'll possibly buy back at a higher price or just file that one under "missed opportunities".
I would like to think that today’s RNS Is a curtain raiser for the big news to come by next Monday. However, I fear that may not be the case.
Ok thanks all. It does make sense if a large proportion of INFA investors are dipping in and out as they have better options and limited capital.
Really. Sorry i must have missed the metals rally you speak about. As regards the rns what do you want? Communication or not communication. Seems there's critics on both sides. Pathetic.
Lol Aunty
Great minds and all that :))
The early sells were just day traders chancing their arms on Friday. In the hope of a better RNS.
It was obvious it was coming, but, just not the one they wanted.
And this will continue, until we have concrete news.
Silly RNS's like today were a waste of time and money, IF, the deadline is Friday, or Monday at the latetst.
Seems a bit desperate. TBH. Jeeze, JW, get some smarts. WTF. Not needed.
Been here for so, so, sooo... long and seen so much BS.
Think I will stick...
Christ. This is a micro cap for gods sake. If you really think there's a conspiracy going on here then you really shouldn't be in the game of investing in tiny little companys. Good grief
Good luck in your investment in rhodium whatever that is. Is it what gave Superman his powers? This bb is about gas storage nothing else
I used to like Sunday Night at the Palladium lol