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We'll know when it starts....there has to be a legal notice advertised in the local papers....twitter will be red hot.
Also JW confident with getting the finalised GSA, This was obviousley batted backwards and forwards with Equity partner so once that is done I would assume heads of terms can be released awaiting implementation end of year. There will be a lot of news in quick succession I think.
GSA& Heads of terms (anytime soon)
ML & H&W deal done (30-60 days)
Regarding the Marine licience we are supposed to be allowed an expedited proces as it is apart of PCI (how quick I am not sure).
Marine Licence - Public Consultation period I thought was 42 days, so assume this is going to be agreed with DAERA / NIAE now the have all documentation. FID by end of the year does not depend on the ML being granted, JW has always stated this, but if public consultation period has started I would assume this will be very positive.
We know the game every month the chances the bigger here and jw is doing everything possible to get this . Happy im in at these prices stated of here at .054 all the way down to .042 approx . It will be a exciting couple of months here take your chances buy now or wait .
> Milestones promised, delivered and announced ON TIME
I can't fail to notice that one of them slipped from Oct to Nov.
I'm not sure how to understand the "anagement is working closely with the NIEA and DAERA to finalise the timelines for the final activities related to the full marine licence" bit. Does it mean that the clock on the consultation deadline hasn't started yet? And how long will that be when it starts - someone here said 42 days, but I only found info about 28-day consultation process?
Still can't fathom selling on this news. This would be the time to get on board. Really positive that this got released bang on time. Next two months are going to be mega.
Agreed Tango. Milestones promised, delivered and announced ON TIME. It's going to be a very hectic and exciting end to this year...so much news to come....Wow! Well done JW and the team.
Slowly slowly catch the monkey in truth i hate rns as until you open them your a bag of nerves . This one is very nice well down infa and john w
Glad to see the final reports have gone to DAERA and that is a great piece of news as only 42 days from when submitted we could/should get the permit, also happy with second rns regarding H&W as not really good to start work in H&W until we get permit.
....'Voting rights RNS just landed! thought it was some important update.'
No worries Mr T..........I'm pretty sure there will be plenty of RNS's landing anytime soon with important updates by the bucket-load !
RNS just landed.
Voting rights RNS just landed! thought it was some important update.
Mr T
Elementary my Dear Brucealrighty. As an LTH I have zero intention of selling anytime soon, in for the long haul. Hope you decide to take the leap and get a good price. My first investment in INFA was at 10p !!! will break even at circa 0.8
Bruce
"so my concern remains - where is the money coming from to run this place"! by which you refer to H & W!
I think you need to re read the RNS which was issued on the day of the potential acquistion, it clearly stated that funding was being sought as working capital, ie extract from the RNS
"A working capital facility will also be established at the subsidiary level, leveraging the Assets and the gas storage project and the Facility's cash flows"
I hope that allays your concerns
Mr T
Yes Sherlock Radders99 I have only joined this recently and not (yet) own any INFA shares but apparently one can buy some without being part of a chat board - however, as my previous investments hadn't been so successful I thought I would give the latter a try to get a feel for this company from like minded individuals :) I don't think anyone's posts on here are motivated to lower SP (no more than the few extremely optimistic posters whose aim is somewhat obviously trying to raise SP for their potentially their own short term gain). Personally I believe the energy storage market future is huge whether that be gas, solar, hydro (good to see Swansea Tidal Bay project might be going ahead again so that is something else to look at investing in) but my fear of throwing hard earned money into JW is that it end up in HW - which further detective work on Google shows that the Navy projects are a slim chance and the FRSU (which is basically a converted LNG tanker) would probably come from the far east (where the local shipyard machinery probably all ended many years ago when Belfast stopped building boats). Dawski you made some good points and yes all should run smooth if funding and licences pull through in line with schedule but MrT I think that the EU cash should be kept for pushing ahead with IM and not sidetracked for the H&W Acquisition. And just one correction to make JR - by the RNS the £500k is a NON-refundable deposit and would go straight to the creditors or probably just the administrators back pocket for their prolonged time on this takeover - similarly the remaining £5.5m balance cannot be used for wages or running costs of the yard so my concern remains - where is the money coming from to run this place! Anyways, still looking forward to some sort of progress in the next 24 hours - I've no doubt JW can get big financiers for IM once all the ducks are in a row - until those waters start warming I will hold back from jumping in.
Below is the link to the EU Webb page detailing the various INFA projects that sought EU funding one of which the status is 'Ongoing' clearly an update now required.
http://ec.europa.eu/search/?queryText=Infrastructure+PLC&query_source=europa_default&page=&filter=&swlang=en&filterSource=europa_default&more_options_date=-31&more_options_language=en&more_options_f_formats=*
Hopefully the EIA report has been sent to DAERA so the 42 days can start.
Snowy,
I would think that as the two are completely separate entities although under the umbrella of Infa then separate RNS' should be issued. Just my thoughts!
By the way with your profits on EUA perhaps you could lend Infa the 1.6M EU grant funds due and then collect your money once the funds have been paid!!! lol.
Mr T
Hi Mr T
IMO same time as the milestones update, even if it's just to say DD will be at the later extended date.
Snowy,
When do you envisage the H & W update?
Mr T
Final Sept milestones were released first week in October....so expect final October ones will be released 1st week in November......so probably next week IMO.
Radders,
Exactly, I woul;d also have expected an update on the H & W situation! we know we paid the initial £500K deposit but the other slice was due today unless of course the DD process was not completed.
Mr T
Would sincerely hope there will be an RNS end of day or first thing tomorrow morning confirming all October Milestones have been met. Need to keep ticking them off.
> Liquid- The EU never gave a specific date just implied around the october time...
At the risk of being repetetive, I'm gonna say EU never ever implied any such thing.
To (mis)quote JW, their EU contact "frowned upon August and grinned when asked about September", and then someone here translated it into "EU funds promised for September!" message which quicily got a life of its own.
The EU have been witholding these funds for far too long imo! I can't imagine what the hell the hold up is, this claim is tagged onto to earlier claims, ie the final chunk, therfore it is an ongoing claim!! has someone misplaced the files!!! and nobody knows what to do? a liitle like the funding in the NHS, nobody has the faintist idea what the hell is going on!
It is my belief these funds were witheld for one reason, Brexit, I therefore expect them to have been signed off and deposited with Infa within the next 10 day's, unless of course they still can't find the files or the claim documents!!!!
Mr T
Liquid- The EU never gave a specific date just implied around the october time...